Press Releases

Secretary Snow's Comments on Fourth Quarter GDP Growth

(Archived Content)

FROM THE OFFICE OF PUBLIC AFFAIRS

Photo: Secretary Snow

2005-1-27-13-34-16-23140

 

 

Today's report on GDP wraps up a strong year of economic expansion and job creation. The addition of 2.3 million jobs and a solid year-over-year growth rate of 4.4 percent show the strength of our nation's economy. The Administration is focused on the fundamentals: cutting the deficit; establishing a fairer, simpler, pro-growth tax code; encouraging savings; reducing the burden of frivolous lawsuits on our economy and strengthening social security.