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Stagflation Nation
The Biden Recession is Coming
WASHINGTON, D.C. - The America First Policy Institute (AFPI) released the following statement after the first quarter Gross Domestic Product (GDP) numbers were released. These numbers revealed our economy is teetering toward a recession, with the first quarter of 2022 at a decline of 1.4% (on an annualized basis) relative to the fourth quarter of 2021.
“This negative economic growth is FAR worse than expected. America’s economy is in a tailspin, plummeting into recession levels, and the Biden Administration’s disastrous economic policies are to blame,” said Michael Faulkender, former Assistant Secretary for Economic Policy at the U.S. Department of the Treasury and Visiting Fellow at AFPI. “Bottom line, the American people are suffering under the heavy hand of Far Left, progressive, career politicians, who recklessly waste our taxpayer dollars while stifling American production that would improve the lives of the American people. This economic misery cannot continue, and we must bring back economic policies that put Americans first.”
“This negative economic growth is FAR worse than expected. America’s economy is in a tailspin, plummeting into recession levels, and the Biden Administration’s disastrous economic policies are to blame,” said Michael Faulkender, former Assistant Secretary for Economic Policy at the U.S. Department of the Treasury and Visiting Fellow at AFPI. “Bottom line, the American people are suffering under the heavy hand of Far Left, progressive, career politicians, who recklessly waste our taxpayer dollars while stifling American production that would improve the lives of the American people. This economic misery cannot continue, and we must bring back economic policies that put Americans first.”
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