On the recordJuly 27, 2023
Mr. Speaker, today Bloomberg reported that U.S. GDP growth accelerated to 2.4 percent blowing past economists' estimates. Consumer confidence is also at the highest level in over 2 years, and inflation has now declined for 12 consecutive months to a low of 3 percent. The United States has the highest GDP growth and the lowest inflation of all the G-7 countries. So growth is up, consumer confidence is up, and inflation is down. This is Bidenomics, and it did not happen by accident. When Democrats were in control last term, we passed numerous laws to grow our economy from the bottom up and the middle out. We passed the American Rescue Plan, the Inflation Reduction Act, the CHIPS and Science Act, and the infrastructure law. All those laws have now grown our economy and grown the middle class. What are Republicans focused on? Putting women in jail for concealing abortions. Artificial Intelligence
