Coats: Lackluster GDP Growth Unacceptableby Coats for Senator Press Release on June 25, 2014
WASHINGTON, DC – Senator Dan Coats (R-Ind.), ranking Republican on the Joint Economic Committee, today issued the following statement regarding newly released GDP numbers from the Bureau of Economic Analysis, which revealed economic output in the United States declined by 2.9% during the first three months of 2014:
“These disappointing numbers only confirm the ongoing struggles many American families are experiencing in this stagnant economy. This staggering GDP loss makes the White House’s 3.4% growth projection for this year nearly impossible to achieve.
“The policies pursued by the Obama Administration have failed to bring the jobs and growth our country needs. Given today’s news, how much more evidence do we need that it is time for new ideas? The choice is clear: we can accept lackluster GDP growth and above-average unemployment as the new normal or change course and get our economy growing again.”