Republican presidential nominee Mitt Romney said President Obama’s policies are to blame “discouraging” new GDP figures out Friday.
“Today, we received the latest round of discouraging economic news: Last quarter, our economy grew at only two percent, less than half the 4.3% rate the White House projected after passing the stimulus bill,” Romney said in a statement “Slow economic growth means slow job growth and declining take-home pay. This is what four years of President Obama’s policies have produced. Americans are ready for change — for growth, for jobs, for higher take-home pay. Paul Ryan and I will deliver it.”
The 2 percent jump in GDP was larger than the 1.3 percent growth in the previous quarter, but still slow. The Post’s Neil Irwin explains why both sides can tout something from the numbers released Friday.