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Economic recovery
For months, doomsayers have been arguing that the US economy is in a recession and Congressional Republicans have been rooting for a downturn.
But with today’s Third Quarter GDP Report, we got further evidence that our economic recovery is continuing to power forward.
But with today’s Third Quarter GDP Report, we got further evidence that our economic recovery is continuing to power forward.
Our economy has created 10 million jobs, unemployment is at a 50 year low, and U.S. manufacturing is booming. Today’s data shows that in the third quarter, Americans’ incomes were up and price increases in the economy came down.
Now, we need to make more progress on our top economic challenge: bringing down high prices for American families.
Gas prices are falling and my Administration has passed laws that will lower the costs of prescription drugs and health insurance premiums starting next year.
Gas prices are falling and my Administration has passed laws that will lower the costs of prescription drugs and health insurance premiums starting next year.
Congressional Republicans have a very different agenda – one that would drive up inflation, add to the deficit by cutting taxes for large corporations, and raise costs for families. That failed economic vision is not the way to grow our economy so working families can get ahead.
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