http://democraticleader.house.govHouse Democratic Leader Nancy Pelosi issued the following statement today on news that economic activity in the third quarter slowed to 1.6 percent ,the slowest in more then three years and a new forecast that the decline of the nation's housing market will reduce construction spending next year, with a potential loss of jobs.
Today's report demonstrating that the economy is slowing is more bad news for millions of middle-class American families.
Just because the President looks through his rose-colored glasses and sees a strong economy doesn't make it so. He refuses to see the millions of Americans who are working hard and are unable to get ahead.
The economy is not solely measured by the Dow, its measured in how peoples earnings meet their families needs. Its measured in whether you afford daily necessities , health care,food, energy and housing or can plan for your family future, college or retirement. By these measures, our economy is not nearly as strong as it should be.
Democrats are offering a New Direction for America. Democrats are fighting for middle-income tax cuts,education,health care and retirement.We will restore fiscal discipline with tough policies of pay-as-go budgeting, no new deficit spending , to ensure strong economic growth and make key investments to create the jobs of the future. And Democrats will ensure that economic growth benefits all Americans, not just the privileged few.