Shays Says Obama Administration Suffocates GDP

U.S. Senate candidate and former U.S. Representative Christopher Shays discusses the second quarter GDP report.

Stratford - Christopher Shays, Republican candidate for United States Senate, released this statement on today's second quarter GDP report.

"Today's report from the U.S. Bureau of Economic Analysis on the economy's anemic second quarter growth of just 1.5% shows an economy being suffocated by the Obama Administration and the Federal Reserve.

The President's massive tax increases scheduled for January 1 are causing businesses to hold off on investment, therefore stunting productivity.

Real GDP growth at only 1.5% means no job growth at all, and this will only get worse as we approach Obama's "Taxmageddon" on January 1.

If our economy had grown at 1.6% over our entire history, right now our GDP would be only about $190 billion, rather than $15.5 trillion.  Instead of having the world’s #1 economy, we would be #49.  And we would not have won WWII and the Cold War. 

We must achieve 4% real economic growth, which is historically normal for America.

President Obama has had three years to reverse our economic downturn and has failed to lead America in the right direction.  He is focused on the wrong issues and continues to neglect the importance of economic growth.

The only way to get people back to work is by sending the right Senators to Washington to put our nation on a new path to prosperity. Chris Murphy’s record of partisan support for Nancy Pelosi’s and President Obama’s broken policies is not the right path.  Linda McMahon has no experience and lacks the understanding of the issues to make any significant changes.

We need to send a Senator from Connecticut with the experience to fix this problem.  I have the knowledge, experience and guts to hit the ground running on day one, roll up my sleeves and help restore sanity to Washington."

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Duke July 30, 2012 at 10:12 AM
This wimp should stay retired and enjoy his huge government pension and health insurance for life....


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