Sullivan: No Relief In Sight for American Worker in Stagnant Obama Economy
ANCHORAGE, AK – U.S. Senator Dan Sullivan (R-AK) released the following statement on the Gross Domestic Product (GDP) numbers, released by the U.S. Department of Commerce earlier today, showing the economy grew only 1.2 percent in the second quarter of this year. GDP is one of the primary indicators used to gauge the health of a country's economy. In the United States, the growth rate since 1790 has averaged an annual rate of 3.7 percent, almost 4 percent GDP. The Obama administration’s average is barely 2 percent.
“The United States economy grew a pitiful 1.2 percent in the second quarter of 2016,” said Senator Sullivan. "Even more alarming is that there is absolutely no relief in sight for American productivity and for our workers. I have been a leader on this issue in the Senate and have repeatedly called on President Obama and Secretary of the Treasury Lew to acknowledge this failure of economic leadership. My calls have been met with a deafening and absolute silence. The Obama economic recovery remains the weakest since the end of World War II and has never seen 3 percent GDP growth for a single year. The secret sauce of America for 200 years has been strong growth. It’s what has kept us safe, secure and cohesive. We cannot and will not accept the narrative that our stalled economy is the ‘new normal.’ President Obama has been the steward of a lost decade of economic growth, and it’s time that he was straight with the American people about our economy. If we fail to be honest about our economic challenges, we risk surrendering the greatness of America.”
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