REP. MALONEY STATEMENT ON PROMISING GDP NUMBERS

Washington D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) released the following statement on the news that Gross Domestic Product beat expectations in the second quarter by contracting by just one percent. 

"The economy made a dramatic improvement in the second quarter, bolstered by the stimulus package proposed by President Obama and passed by Democrats in Congress in February. As the recovery measures begin to take hold, I am optimistic that economic growth will turn positive this year, which is a necessary step for bringing job growth back and putting Americans back to work."

The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
 www.jec.senate.gov
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