3.5% GDP Growth Shows That Tax Cuts Are Working

WASHINGTON, D.C. — In response to the report by the Bureau of Economic Analysis this morning that showed that US GDP grew at 3.5% during the third quarter, Stephen Moore, FreedomWorks Senior Economic Contributor, commented:

“The economy is now on a solid 3.5 to 4 percent growth path – far exceeding the 1.6 percent growth in Obama’s last year in office. With the lowest unemployment rate in decades and a manufacturing, construction and investment surge, with low inflation, America is now enjoying a full-fledged boom. This has been sparked by tax cuts, deregulation, and keeping government off the back of business."

“As the old saying goes, ‘Americans vote with their pocketbooks,’ and these midterm elections should be no different. I’m confident that this great economic news will bode well for Republicans at the polls on November 6th.”