The latest economic data showed the economy shrank in the first quarter by 1.4 percent, despite experts saying it would grow by one percent.
Now, Biden is taking heavy fire as his economic policies have driven inflation through the roof.
The US economy shrank 1.4% in the first quarter of 2022. All of Joe Biden’s economic policies are a disaster.
— Clay Travis (@ClayTravis) April 28, 2022
BREAKING: GDP plummeted to -1.4% in the first quarter. NEGATIVE 1.4%!
Biden and the Dems are driving the economy off a cliff.
— Monica Crowley (@MonicaCrowley) April 28, 2022
🚨 REPORT: A new AP poll shows nearly 70% of Americans DISAPROVE of Joe Biden’s handling of the economy.
He is running our economy into the ground.
— Job Creators Network (@JobCreatorsUSA) April 28, 2022
The numbers don’t lie. More bad news for hardworking families.
Inflation: +8.5% 📈
GDP: -1.4% 📉@JoeBiden & his admin can keep lying about the economy, but Floridians know the true damage Biden’s reckless tax & spend agenda is causing.
— Rick Scott (@SenRickScott) April 28, 2022
Inflation has risen at the highest rate in decades, and the money supply has increased about 40 percent in just the last two years. COVID supply chain issues as well as Russian President Valdimir Putin’s invasion of Ukraine have combined to make things even worse, though inflation was soaring before Putin’s invasion.
The economy SHRANK by 1.4% last quarter.
The “Biden plan” is not working!
— Ronna McDaniel (@GOPChairwoman) April 28, 2022
CNBC: The shrinking Biden economy is “heading the wrong way.”
“Q1 GDP goes negative, down 1.4[%]” pic.twitter.com/6PH2bmfHpU
— RNC Research (@RNCResearch) April 28, 2022
Today’s news of a shrinking national economy is no surprise to Ohioans. I hear about the pain of rising prices every day. Biden’s broken promises and failed policies equate to an inflation tax of $5,200 on every Ohio family. My opponents offer nonsense. Ohio needs results. #OHSEN pic.twitter.com/tIZhjgqFXX
— Matt Dolan (@dolan4ohio) April 28, 2022