While GDP Numbers Encouraging, a job-loss Recovery is no Recovery at all

WASHINGTON -- Congressman Kevin Brady (R-TX), the Ranking House Republican on the Joint Economic Committee issued the following statement after the Department of Commerce announced a 3.5 rise in the third quarter 2009 gross domestic product (GDP) estimate:

“While some may promote the stimulus as the savior of our economy, it is a claim only the Balloon Boy’s dad would make,” said Brady. “A jobless recovery is no recovery at all, and the 2.7 million Americans that have lost their jobs since the stimulus was enacted would agree,” Brady continued.

“Our economy will continue to bounce along the bottom of the barrel until our government loosens its grasp on American businesses. Only then can businesses begin to make essential business decisions – and the jobs will come with them,” Brady continued.