President JoeBiden tries to turn page on bad GDP news with Sen_JoeManchin's spending bill deal
Biden delivered his comments a day after Sen. Joe Manchin and Senate Majority Leader Chuck Schumer announced their legislation, which spun out of months of negotiations on the president's Build Back Better proposals, just hours after the Bureau of Economic Analysis announced that the U.S. GDP shrank by 0.9% in the second quarter of 2022.
"This is powering the strongest rebound in American manufacturing in three decades," he said."That doesn't sound like a recession to me." The president's critics quickly pushed back on his Thursday rhetoric, claiming that the Democrats' spending is what exacerbated inflation to current levels.
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