Hoyer: Stronger than Initially Reported Economic Growth Another Positive Sign

For Immediate Release:

February 26, 2010

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130

WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today after the Commerce Department revised their report of economic growth for the last quarter of 2009 upward, from 5.7% to 5.9%:
 
“News that the economy grew by 5.9% in the last quarter of 2009 is another encouraging sign that steps taken by the Obama Administration and this Congress are working to turn the economy around.  This represents a large change in direction from just one year ago, when the economy shrunk by -5.4%.  We’re also seeing dramatically fewer job losses, and a stronger stock market.
 
“While we are heartened to see clear signs of progress, these numbers mean little to families who remain out of work, or who are still struggling to make ends meet.  The Senate passed a jobs bill this week by a strong bipartisan vote, and the House will move in the near-term as well, I hope also in a bipartisan manner.  Our top priority this year continues to be creating jobs, and we will remain focused on taking action and get America back to work.”
###
Posted in