Pelosi: 'Today's GDP Numbers Are Sign of Economic Progress and Step Forward on Road to Recovery'

WASHINGTON, Jan. 29 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi issued the following statement today on news that the gross domestic product expanded at an annual rate of 5.7 percent in the fourth quarter, the fastest pace the economy has grown in more than six years.

"Today's GDP numbers are a sign of economic progress, marking another step forward on the road to recovery and job creation, clear evidence that our efforts to revitalize the economy are starting to pay off.

"From the first days of the 111th Congress, we have worked to create and save jobs, help small businesses, restore opportunity and economic security to the middle class, and lay a stronger foundation for the future.  Economists of every stripe agree that our actions helped avert even greater economic catastrophe — from the Recovery Act and Cash for Clunkers to the first-time homebuyer tax credit.

"Despite today's good news, millions of Americans remain out of work and still struggle to make ends meet.  Moving forward, we will continue to place jobs and our middle class at the center of our agenda — by completing work on initiatives that help small businesses start hiring, invest in infrastructure, create 4 million new jobs with affordable health care, create clean energy jobs, and protect Main Street from the recklessness of Wall Street."

SOURCE Office of the Speaker of the House

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