Economy

'BOTTOM LINE IS THE ECONOMY SUCKS': Watch Kennedy Savage the Biden Economy

posted by Hannity Staff - 7.28.22

Senator John Kennedy (R-LA) stopped by Fox News to react to President Joe Biden’s incredible shrinking economy. U.S. GDP shrank 0.9% in the second quarter of the year —making two quarters in a row.

And while the White House tries to spin the definition of ‘recession,’ Kennedy says none of that matters because “the economy sucks.”

“The position of the administration is the definition of a recession is whatever is in the teleprompter…Most Americans don’t really care about this debate or how many economists can dance on the head of a pin. What they see is a slowing economy and rising prices,” Kennedy says. “It’s called classic stagflation.”

“The bottom line is the economy sucks.”

Watch the clip below:

In a statement released Thursday, President Biden said it’s “no surprise that the economy is slowing.”

“Coming off of last year’s historic economic growth – and regaining all the private sector jobs lost during the pandemic crisis – it’s no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation. But even as we face historic global challenges, we are on the right path and we will come through this transition stronger and more secure.”

“My economic plan is focused on bringing inflation down, without giving up all the economic gains we have made,” Biden said. “Congress has an historic chance to do that by passing the CHIPS and Science Act and Inflation Reduction Act without delay,” Biden added.

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