Statement on the GDP Revision

November 25, 2003

“This administration has compiled the worst economic record since the Great Depression and it is going to take more than one quarter of growth to dig the country out of this hole. This administration can revise the numbers, but they can't hide the fact that three million Americans who lost their jobs under this administration are still out of work. We won't have recovered economically until each one of those people has a job again.

“Furthermore, this growth is built on a foundation of reckless and irresponsible tax cuts and record-setting levels of debt. This president's approach is the equivalent of mortgaging your house to get spending money for the weekend. Unfortunately, the Bush administration's fiscally irresponsible house of cards upon which this growth is built cannot continue forever.”

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