Washington, DC (April 28, 2022) – Today, the Bureau of Economic Analysis announced that Gross Domestic Product (GDP) decreased 1.4 percent in the first quarter of 2022.
“The big GDP gains of 2021 were because America was gradually reopening from the pandemic. President Biden falsely took all the credit then, but today we’re seeing the true impact of Biden’s policies. The pain of inflation and supply chain challenges can no longer be ignored. The economy overall is suffering, as today’s GDP report makes clear.
As a practical matter, when people feel poor, they are poor. That’s the growing reality in Joe Biden’s America where consumer confidence was already low thanks to his disastrous policies including his record spending spree that has already caused the worst inflation in 41 years.
According to a Morning Consult report released this week, Americans were already cutting back on discretionary spending because of inflation and todays number will do nothing to alleviate their concerns. There is an alternative, thankfully. This month, JCN launched the seven-figure ‘Great Opportunity Project’ to highlight the success of free-market policies at the state level. Our goal is to change the broader national debate over the economy and rally people around a positive, constructive agenda for prosperity so that we do not continue to see disastrous indicators like today’s GDP number.
Last week, Breitbart ran Mr. Ortiz’s op-ed, Protect Taxpayers and the Economy by Making the Tax Cuts and Jobs Act Permanent. To read it, click here.
To learn more about the “Great Opportunity Project,” click here.