Great news: The nation’s economy grew by 4.1 percent in the second quarter. It’s the fastest rate of growth in nearly four years.
“The bottom line is that the economy is doing better,” one economist told The New York Times.
This is yet another indication that our economy is surging, and Americans are better off now.
As Bloomberg noted, “In addition to lower taxes, consumers' purchasing power is benefiting from steady hiring, an unemployment rate that's near the lowest since 1969, improving finances, relatively low borrowing costs and contained inflation.”
This is no accident. House Republicans have delivered on an agenda to get America’s economy back on a path to growth, and get more Americans on to the ladder of opportunity:
- Replacing our broken tax code with one that makes it easier for businesses to compete, and for families to get ahead.
- Regulatory reform to lift undue burdens off small businesses and spark more optimism for our entrepreneurs chasing the American Dream.
- Financial reform to increase access to credit, so more Americans can benefit from the growing economy.
And we’re taking steps to bring more workers into the fold. Just this week, Congress passed a complete overhaul of our career and technical education system to help match more people with the jobs available in our modern economy.
We have come a long way from the gloom and stagnation of recent years. Just days after the last election, Paul Krugman predicted, “So we are very probably looking at a global recession, with no end in sight.
Americans have proven the cynics wrong once again. We are making people’s lives better. Americans are better off now.