Political Quotes

On the recordMay 1, 2019
Mr. President, last week we got the first estimate of economic growth for the first quarter of 2019, and the news was excellent. The economy grew at a robust 3.2 percent in the first quarter of 2019, smashing expectations. The news is particularly notable because the first quarter of the year is typically regarded as a weak quarter for growth. Then, this morning, CNBC reported that 275,000 jobs were created in April--also, far exceeding expectations. And of course these are just the latest pieces of good news about the economy. The economy is thriving, unemployment is low, job creation is up, personal income is up, wages are up, business investment is up, and much more. How did we get here? Well, just a couple of years ago, our economy was struggling. Some experts were predicting that weak growth would be the new normal and the economic progress we have made over the past 2 years wasn't supposed to happen. At the beginning of 2017, the Congressional Budget Office projected growth of 2.3 percent for 2017, 2 percent for 2018, and just 1.7 percent for 2019. Actual growth, of course, exceeded those numbers: 2.5 percent for 2017, 3 percent for 2018--a full percentage point higher than the CBO's projection--and 2019 is clearly off to a great start. So, again, how did we get here? Well, after President Trump was elected and Republicans took office, we set out to do something about the economy. We knew that Americans were struggling.…
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John Thune
Republican · South Dakota

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