The Biden Administration is insisting the economy is not headed for a recession.
But economists agree, and despite the Biden Administration’s attempt to redefine the word: two consecutive quarters of negative economic growth is the textbook definition of a recession.
The GDP report this morning shows the economy shrank again in Q2, and Cindy Axne needs to go on record: is the United States in a recession?
“Iowans are struggling to pay the bills and yet Democrats like Cindy Axne and Joe Biden continue denying the pain families are feeling in Democrats’ economy,” said CLF Press Secretary Cally Perkins. “Voters deserve to know if Axne will level with her constituents or continue shirking responsibility for this economic nightmare.”