Former Reagan economic adviser Art Laffer slammed Biden, accusing him of economic falsehoods as Americans grapple with rampant inflation and surging has prices
, and it's been growing rapidly. All of that is not true. There are... 800,000 less people employed today than there were in February of 2020. We have not even caught back up to where we were before. If you look at it relative to trend, we're off that trend by 5 or 6 million jobs. In the first quarter of this year, GDP growth was negative by 1.5 percent, which is a huge drop in real GDP.
And they have just revised the second quarter of GDP, down from a 1.3% growth to a 0.9% growth. This is the Atlanta Fed's estimates of what the second quarter will be. Now it's down to 0% on their estimates, so all of those statements they make are just literally not true. They're not factual.
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