Hoyer Statement on GDP for Third Quarter 2011

For Immediate Release:

October 27, 2011

Contact:

Katie Grant, 202-225-3130

WASHINGTON, DC - Democratic Whip Steny H. Hoyer released the following statement today after the Commerce Department reported the GDP estimate for the third quarter of 2011:

“Today’s third quarter GDP report shows why you should never underestimate the resilience of the American economy and the American worker. After posting quarterly growth rates of .4% and 1.3% earlier this year, our economy grew at a 2.5% rate, nearly a full percentage point higher than most predicted earlier this month. While this is welcome news for our economic recovery in general, it does little to reassure the 14 million Americans still out of work and looking for jobs or the families across the country struggling to get by in these tough times. We need a comprehensive strategy to boost our economy and create jobs for the middle class. I urge Republicans to work with Democrats and allow Congress to vote on real jobs legislation, like the President’s American Jobs Act and House Democrats’ Make It In America plan, that will create jobs and invest in the growth of American businesses and in the competitiveness of our workforce. We cannot wait any longer.”

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