https://dailycaller.com/2023/08/07/bidens-burdensome-regulations-contributing-lackluster-economic-productivity-experts-say/ -- “In 2022 the US had two quarters of contracting [Gross Domestic Product]—what would ordinarily be considered a recession,” Peter Earle, economist at the American Institute for Economic Research, told the DCNF. “We’ve had the highest inflation seen in forty years since 2021, and the lowest labor force participation rate in decades. There have also been severe dislocations in production owing to supply chain problems and an explosion of demand caused by stimulus payments and lockdowns. It’s not surprising that productivity in the United States fell steeply for over a year.”
