Hinson says blame on Biden administration for weak economy in first quarter

WASHINGTON — North-central Iowa congresswoman Ashley Hinson is placing the blame on the policies of the Biden administration after a new US Department of Commerce report shows the nation’s economy just had its weakest quarter in three years.

Hinson says the recent downturn in consumer confidence, the stock market, and the gross domestic product are not the result of the tariffs President Donald Trump imposed, then paused, on dozens of countries. “I do think it’s clear that President Trump is ushering in a new era, the Golden Age for our economy. He knows the formula for a strong economy and he has a proven track record of growing the economy.  The economy will bounce back from ‘Biden-flation’. We’re going to lock in the tax cuts for the American people. President Trump is working on securing new trade deals which I think will help unleash our economy as well, and then American families will be able to thrive.”

While the Commerce Department report found the nation’s gross domestic product dropped three-tenths of a percent in the first quarter, Hinson says the number she’s keeping a close eye on is gross domestic investment.  “That soared by I think over 20%, and when you look at what’s happening with that, people are investing in America again. I think that when you bring back that investment to the United States, that means more American jobs,  and we’re going to continue to see that unleash our economy over the next several months.”

Hinson is a Republican from Marion whose district includes Cerro Gordo, Worth, Mitchell, Floyd and Butler counties in our immediate listening area.