Statement by Speaker Boehner on Latest GDP Economic Report
House Speaker John Boehner (R-OH) today issued the following statement after the Commerce Department reported that the gross domestic product (GDP) grew at an annual rate of 1.8 percent in the first quarter of 2011, less than economists’ expectations:
“While any positive growth is welcome, we are still not seeing the type of economic growth and private-sector job creation needed to help Americans who are struggling across this country. Skyrocketing gas prices continue to batter families and small businesses, and the Obama Administration is actively making the problem worse by blocking more American energy production. Next week, Republicans will continue working to advance our American Energy Initiative by passing legislation to boost American energy production, which will help lower prices and create more American jobs. If the White House and Democrats are serious about lowering gas prices, they will work with us to pass this legislation and respond to the American people, who are demanding action to increase American energy.
“In order to promote robust economic growth and private-sector job creation, we also need to remove regulatory obstacles to job growth, end the threat of tax hikes, approve stalled trade agreements that would open new markets, and stop Washington from spending money it doesn’t have, as called for in our House-passed budget. These are the pillars of the Republican plan to help get our economy back to creating jobs and this is the focus of our new majority in the House.”