Joe Biden spoke to reporters on Thursday after the second quarter GDP numbers came in less than expected.
The US economy shrank by 0.9 percent in the second quarter.
The US economy shrank by 1.6 percent in the first quarter of 2022.
The Joe Biden economy is officially in recession.
In response to the news, Joe Biden spoke about the green new deal $700 billion spending plan announced last night.
Senator Joe Manchin surprised Washington DC elites and the mainstream chattering class when he announced his support for the Democrats’ green new deal funded by nearly $700 billion in new tax hikes.
The entire spending package will be funded by new taxes on workers and producers while inflation remains at 40-year highs.
Joe Biden told reporters on Thursday that his green new deal spending plan will “reduce” the deficit.
In fact, Democrats call the mega-spending plan “The inflation reduction act of 2022.”
They say they are going to reduce inflation and the deficit by spending billions more in taxpayer dollars on wasteful green new energy projects and on taxing working Americans.
It’s Bidenomics in action.
BIDEN: “This is the strongest bill you can pass to lower inflation, cut the deficit, reduce health care costs, tackle the climate crisis and promote energy security, all the time while reducing the burdens facing working class and middle class families. So, pass it.” pic.twitter.com/9WwUF7byW6
— Art TakingBack (@ArtValley818_) July 28, 2022
The post Bidenomics: Joe Biden Says Latest $700 Billion Green New Deal Spending Spree will “Reduce” Deficit appeared first on The Gateway Pundit.