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Womack Statement on GDP Numbers, Recession

Washington, DC—July 28, 2022....Congressman Steve Womack (AR-3) released the following statement on the U.S. GDP declining 0.9% in Q2 of 2022, marking two consecutive quarters of economic contraction:

“No amount of spin can change the numbers. Two quarters of a shrinking economy echoes the pain Americans have been feeling each day. The reckless spending and out-of-control regulatory expansion unleashed by President Biden and Democrats has pushed us into a recession. With massive tax hikes and trillions more in spending on tap next, they are doubling down on their failed agenda. Fiscal restraint, pro-growth policies, and unleashing American energy dominance is what we need to reverse course.”

Congressman Steve Womack (AR-3) has represented Arkansas’s Third Congressional District since 2011. He is a member of the House Appropriations Committee.

womack.house.gov

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