House Republican Policy Committee Chairman Tom Price, M.D. (R-GA) issued the following statement on today's report that the gross domestic product (GDP) grew at a rate of 1.8 percent in the first quarter of 2011.
"The economy won't grow as needed or consistently until positive federal policy is enacted. The policies of this administration remain destructive to our economy and job growth. This report is the latest reminder of how much more work needs to be done to remove barriers to economic growth and promote policies that address the challenges facing American families like the painful rise in gas prices," said Chairman Price. "That work must include a responsible plan to end the Washington spending binge and remove oppressive regulations on our small businesses and job creators.
"House Republicans have passed a budget that would do just that and more to put our nation on a path to prosperity, save and strengthen our retirement and health care programs, and preserve the American Dream for future generations. With gas prices steadily increasing, House Republicans will soon bring legislation forward to reverse the harmful policies put in place by the Obama administration which has blocked exploration and production of American-made energy, cost jobs, and will make us more dependent on foreign sources of fuel. Whether it be a looming debt crisis or a spike in gas prices, we need serious solutions so that we are sending a signal to the marketplace that we are tackling these challenges head on.
"If Democrats in Congress and the Obama Administration are serious about addressing the issues before us, they will work with House Republicans and stop promoting policies that stand in the way of our economic recovery and job creation."