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Source: US Rep. Patrick McHenry (NC-10th), 5/1/22
President Biden's Policies Are Harming Our Economy
President Biden and Congressional Democrats are crippling our economic recovery. Despite inheriting what should have been a booming economy and promising that President Biden's so-called American Rescue Plan would "yield significant economic returns," they have given us labor shortages, record inflation, and weak growth. Inflation is at an over 40-year high and America's GDP decreased at an annual rate of 1.4% in the first quarter of 2022, the worse rate since the pandemic recovery began. Economic recovery was just another broken promise from Democrats.
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