Flanked by workers from two manufacturing companies expanding production and hiring, President Obama touted today’s GDP numbers as an “important milepost on our road to recovery.”
“After the single biggest economic crisis in our lifetimes, we’re heading in the right direction,” the president said from the Rose Garden today, “We’re moving forward. Our economy is stronger. That economic heartbeat is growing stronger.”
The president said the 3.2% growth rate in the third quarter shows that the economy “as a whole” is in a much better place than it was a one year ago when the GDP was shrinking at a rate of 6.4%.
Fresh off a two-day White House to Main Street tour across the Midwest, the president countered that these numbers represent little to Americans who do not have jobs.
“For millions of Americans — our friends, neighbors and fellow citizens ready and willing to get back to work – ‘You’re hired’ is the only economic news they’re waiting to hear. And they are why the work of moving this economy forward remains our focus every single day.”
The president was joined at the podium by representatives from US manufacturing companies , that are expanding production and hiring as a result of Recovery Act investments in innovation and technology, which Mr. Obama touted as an example of progress being made.
“This is what happens when we place our bets on American workers and American businesses. And we’re going to continue working to help them manufacture more success stories like these, across all sectors of our economy.”
Mr. Obama said the road to recovery will be long with more ups and downs, “but today’s news is another sign that we’re on the right track.”
-Yunji de Nies and Sunlen Miller