!['The View' cohosts debate economic policy [Screenshot The View]](https://images.dailycaller.com/image/width=960,height=411,fit=cover,f=auto/https://cdn01.dailycaller.com/wp-content/uploads/2022/07/The-View-cohosts-debate-economic-policy-Screenshot-The-View-e1659025380581.jpg "'The View' cohosts debate economic policy [Screenshot The View]")
“The View” co-hosts erupted into a shouting match Thursday over Republican economic policies amid concerns of a worsening economy.
The panel discussed Democratic West Virginia Sen. Joe Manchin and Senate Majority Leader Chuck Schumer’s deal on the Inflation Reduction Act of 2022, which will, in part, raise taxes on corporations while funding climate change provisions in a bid to lower record-high inflation.
Co-host Alyssa Farah Griffin said she was concerned that, given Thursday’s report showing GDP declined 0.9% in the second quarter, the Inflation Reduction Act might make things worse.
“Today it came out that we have the second straight quarter of decline in the economy, which by most definitions does amount to a recession,” Farah Griffin said. “But [the White House is] not calling it that.”
“What are they calling it?” co-host Joy Behar chimed in.
“They’re saying it’s not quite a recession yet,” Farah Griffin explained. “Then we got this act, called the Inflation Reduction Act of 2022-”
“I think that’s great messaging, great messaging,” co-host Sonny Hostin interjected.
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“I’m hoping it does that, I’m not confident it will. It is raising taxes and —” Farah Griffin argued before Behar jumped in to say that the tax hikes would be on corporations and those making more than $400,000. (RELATED: Biden Promised To Pull The US Out Of Recession In 2020. Where Is He Now?)
“My fear though on corporations is that trickles down to job growth and the one thing — ” Farah Griffin continued before Hostin took over.
“Corporations aren’t putting money back into their employees, they’re taking the profits Alyssa and profiting it themselves. You know that, you know that!” Hostin said to a loud round of applause.
“Republican economic policy never works,” Hostin continued. “Other than to make wealthy people richer.”
Farah Griffin then said that despite Hostin’s argument, the economy is “not looking so good under Democrats” and that she fears the Inflation Reduction Act will lead to higher unemployment.
Behar then jumped in to say that “inflation comes and goes,” but insisted that it is “more important” to focus on climate change.
The U.S. real GDP decreased at an annual rate of 0.9% in the second quarter of 2022, newly released data shows. The Biden administration has said despite two consecutive quarters of declining GDP, they would not declare the situation a “recession.” The National Bureau of Economic Research uses several factors to determine whether the U.S. is in a recession, though two consecutive quarters of declining GDP has been used as a rule of thumb to define a recession for decades, economist Julius Shiskin declared in 1974.