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Archived News Release--Caution:
information may be out of date.
For more information call: (202) 219-8211.
The advanced report on real third quarter GDP growth
indicates a 4.2 percent rise. The figures on GDP growth show that the economy
is growing at a healthy pace -- with no sign of rising inflation in sight. They
strongly suggest that working families are beginning to feel the payoffs of the
President's economic strategy. The great irony is that after eleven consecutive
quarters of economic growth, some would like to dismantle the very programs
that got us where we are.
Today's numbers also indicate that there is strong
productivity growth in the economy. However, the typical full time American
worker still earns about $20 a week less (adjusted for inflation) than the
typical worker earned fifteen years ago. It's time to ensure that all share in
the benefits of economic growth -- and precisely the wrong moment to raise
taxes on working families, stall investments in education and job training, or
let the minimum wage sink to a 40-year low. Investments in working men and
women -- not tax breaks for the wealthy and tax hikes for the working -- will
ensure that today's positive numbers endure.
Archived News Release--Caution:
information may be out of date.
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