Pelosi Statement on New GDP Numbers Showing Last Year Had Fastest Economic Growth in Decades
Contact: Speaker's Press Office, 202-226-7616 | |
San Francisco – Speaker Nancy Pelosi issued the following statement after the latest GDP numbers showed that last year the United States saw the fastest economic growth since 1984, growing at 5.7 percent: "Today's GDP numbers show that America had the fastest economic growth in nearly four decades, powered by Democrats' American Rescue Plan and President Biden's leadership. Last year was also the single greatest year of job growth in American history – creating 6.4 million jobs, many with better pay and better benefits. "In communities across the country, Americans are finding new jobs at a record pace, starting new small businesses, sending their children safely back to school and so much more. It is also welcome news that, under the President's leadership, companies are once again investing here in America and bringing manufacturing back to our shores. "As our nation continues to battle the virus, we must build on this strong economic momentum by creating jobs, lowering costs and untangling supply chains. This week, the House took an important step toward this goal as we unveiled our America COMPETES Act: bold, results-oriented legislation that will strengthen American leadership and competitiveness at home and abroad. Alongside President Biden, Democrats remain hard at work to extend our historic recovery while building a 21st Century American economy that can out-compete any nation on earth." # # # | |