Pelosi Statement on GDP Announcement

October 30, 2003

Washington, D.C. -- House Democratic Leader Nancy Pelosi today released the following statement on the Department of Commerce's announcement that GDP increased by 7.2 percent in the third quarter:

"Today’s announcement that the GDP has increased is welcome news. However, it does not change the fact that far too many Americans are out of work. For American workers, the real proof of an improving economy is whether they, their family, and their neighbors can find jobs, afford health care and achieve financial security.

"Mr. President, on your watch we have lost more than 3.2 million private sector jobs. You have the worst record on job creation since Herbert Hoover. Mr. President, where are the jobs?

"Since the first of the year, Democrats have offered a better approach to jobs and economic growth. We have a plan that would create more than one million jobs without adding one penny to the deficit.

"The President and Congress must act now to ensure that economic growth continues and that jobs are created for the nine million people still looking for work. We should pass the bipartisan manufacturing bill that creates jobs here at home, not overseas. We should expand the child tax credit for working families and extend unemployment benefits. And, we should pass a highway bill that creates jobs."

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