WASHINGTON, D.C. – U.S. Senator John Barrasso (R-Wyo.), chairman of the Senate Republican Conference, today issued the following statement regarding the final 2022 gross domestic product (GDP) report.

“A slow-moving economy under Joe Biden has become the new normal. Democrats are sending American energy and jobs overseas, spending money we do not have, shutting down the supply chain, and burdening job creators with Washington red tape. The Democrat agenda is not a recipe for a roaring economy. Senate Republicans are ready to lead the way for the great American comeback.”

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Background:

• When Joe Biden took office, the U.S. economy was growing at a rate of 6.4%.
• In 2022, U.S. GDP was 2.1%.