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Cassidy: GDP Drop Shows President Should Consider Republican Alternatives

Statement

Date: April 29, 2009
Location: Washington, DC
Issues: Government Budget and Spending

Today, Congressman Bill Cassidy (R-Baton Rouge) issued the following statement after the Department of Commerce announced a 6.1 percent decline in the first quarter 2009 gross domestic product (GDP):

"It will take years to fairly judge whether the stimulus package fails or succeeds, but a 6.1 percent drop in GDP does not bode well. Because it was primarily a routine spending bill, not a timely, targeted, and temporary economic recovery package, the non-partisan Congressional Budget Office predicts that it will actually harm the economy in 10 years."

"Since his program has not delivered the short term stimulus the economy needs, I would encourage the President to take a second look at the numerous alternative solutions Republicans have proposed to jumpstart the economy."

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