McMorris Rodgers Statement on Third Quarter GDP Report

Washington, D.C. – Rep. Cathy McMorris Rodgers (R-WA), Vice Chair of the House Republican Conference, released the following statement today after the federal government announced that economic growth in the third quarter came in at a paltry 2.0 percent.   

“Like all Americans, I am extremely disappointed about today’s GDP report which is further evidence that President Obama’s ‘spend, borrow, and bailout’ policies have failed.  In the last two years, the federal government has borrowed about $3 trillion, spent about $7 trillion, and yet we have lost almost 3 million private sector jobs.  The President calls this ‘progress.’  In reality, it’s the weakest record of economic growth following a recession since the Great Depression.”

“To grow our economy, we need to change course with a new program that puts the private sector – not Big Government – in charge of America’s economic destiny.  We need to stop the job-killing tax hikes, reduce government spending, end the bailouts, and put our fiscal house in order.  With the national debt growing $5 billion per day, the time for action is long past due.”

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