Political Quotes

“we just saw on the news today that the GDP for the first quarter, according to the Wall Street Journal, was revised downward dramatically from previous estimates. I am not saying there is anything wrong with their accounting, but they go back and doublecheck their numbers and add other analyses and they come up with what the growth of the economy was in the first quarter. The previously announced growth level was 2.4 percent for the first quarter, which is low. Coming out of a recession, we need to be doing better than that. But now that it was revised downward, they found there was only 1.8 percent growth in the first quarter. That is a very dangerous trend, and the article said it is evidence of a slowing growth in America. The fourth quarter of last year GDP growth was only .4 percent. If continued throughout the year, that is a very troubling number. The data shows for the last 15 quarters, almost 4 years, we have averaged only about 2 percent growth in our economy--growth in GDP. I would say to my colleagues, as we vote to bring in more and more workers at a time when jobs are not being created in any significant number, we need to be aware that this can cause severe consequences. The Atlanta Federal Reserve Economic Study, done several years ago, found the immigration flow today in the Atlanta area of the Federal Reserve had reduced the wages of American workers in that region by as much as $1,500 a year.…”