[Congressional Record Volume 168, Number 126 (Thursday, July 28, 2022)]
[House]
[Page H7264]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          STATE OF OUR ECONOMY

  (Mr. Smucker asked and was given permission to address the House for 
1 minute.)
  Mr. SMUCKER. Madam Speaker, well, here we are. Reports this morning 
show that we have been in a recession here in this country. 
Unfortunately, since coming into office, the Biden administration has 
been in denial about the state of our economy.
  And I think our Minority Leader, Mr. McCarthy, just outlined, showed 
on the floor a little bit ago how the administration has been talking 
about the threat of inflation.
  They initially promised that it would be transitory. Then chief of 
staff insisted that inflation was only a high-class problem. And then 
President Biden, blaming everyone except himself for causing the 
record-high inflation that we see today.
  With inflation at 9.1 percent; the Fed raising interest rates again; 
and now, two consecutive quarters of declining GDP, Americans are 
rightly concerned that our economy is now in a recession.
  It will be interesting to see the White House's response because, up 
until now, instead of trying to solve the problem, the White House has, 
instead, in the previous few days, been trying to alter the definition 
of a recession.
  George Orwell warned that the government will one day tell you to 
reject the evidence of your eyes and ears. It is important that we 
identify the problem before we can solve it.

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