Republican Party of Iowa Chairman Jeff Kaufmann released the following statement in response to the recession:

"Iowans are seeing the detrimental consequences of electing Democrats: a full-blown recession. We must put a stop to Joe Biden and Cindy Axne's reckless and wasteful spending, which has led to a shrinking economy, smaller paychecks, skyrocketing gas prices, and inflation. Republicans warned of this impending economic disaster, but there's still hope to get back on track and that's by defeating Cindy Axne and electing Republicans up and down the ballot this fall."