Political Quotes

“Mr. President, it is no surprise that the economy continues to be one of the top issues on the minds of Americans. The 8 years of the Obama administration were characterized by weak economic growth, a dearth of jobs and opportunities, and almost nonexistent wage growth. The Obama administration ushered in long-term economic stagnation. The Congressional Budget Office predicts that the economy will grow at a rate of just 1.9 percent over the next 30 years--a full percentage point lower than the average growth rate over the past 50 years. We cannot resign ourselves to that. Resigning ourselves to long-term growth of 1.9 percent would mean resigning ourselves to decades of fewer jobs and opportunities, low wage growth, and a reduced standard of living. Fortunately, there are a lot of things we can do to get our economy thriving again and to spur economic growth. A recent report from the Economic Innovation Group identified one important problem with our economy today, and that is a lack of what the EIG calls economic dynamism. Economic dynamism, as the Economic Innovation Group defines it, refers to the rate at which new businesses are born and die. In a dynamic economy, the rate of new business creation is high and significantly outstrips the rate of business death, but that has not been the case in the United States lately. New business creation has significantly dropped over the past several years.…”