US Economy Shrank, Marking Worst Quarter in 2 Years

How do President Trump’s tweets look now, America? Under President Trump the American economy was booming in all sectors. It was the envy of the world. Today, under the Biden Administration socialist economic policies, America’s economy is shrinking, and Wall Street is warning of a recession. Once again, the Biden Administration is a dangerous joke.

‘Biden economics.’ The economy should be exploding post COVID lockdowns. It takes serious enemy action (Democrats) to take down the economic engine of America.

“The U.S. economy cooled markedly in the first three months of the year, as snarled supply chains, record-high inflation and labor shortages weighed on growth and slowed the pandemic recovery.”

Americans’ confidence in the economy remains very low, and mentions of economic issues as the most important problem in the U.S. are at their highest point since 2016. Inflation, which registered as the top economic problem last month and continues to be, was previously at this level in 1984 (Gallup). Breitbart: On the eve of the election of Donald Trump in 2016, 31 percent of Americans named an economic issue as the most important facing the country. That number steadily fell throughout the Trump administration, eventually surpassing the previous record low of 13 percent set in 1999 (Breitbart).

US economy shrank 1.4% at beginning of 2022, marking worst quarter in 2 years

By Fox News, April 28, 2022

Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 1.4% on an annualized basis in the three-month period from January through March, the Commerce Department said in its first reading of the data on Thursday.

Refinitiv economists expected the report to show the economy had expanded by 1.1%.

Read more at Geller Report

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