Press Releases
Hern Statement on the Recession
Washington, DC,
July 28, 2022
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Miranda Dabney
Tags:
Economy & Jobs
Representative Kevin Hern (OK-01) released the following statement after this morning’s announcement that the U.S. GDP shrank in the 2nd quarter, meeting the technical definition of a recession. “I’m really sad to have been proven right about this recession,” said Rep. Hern. “This isn’t something anyone wants, but you don’t need a fancy economics degree to have seen this coming. Biden’s spending over the last 18 months is directly responsible for the economic situation we’re in today. He’s doubling down on that strategy and planning to push a revived Build Back Broke plan through Congress. Our country can’t handle another recession like we saw in the 70s and 80s. It’s time to stop the spending NOW.” ### |