Republicans slam Obama after GDP report
July 27th, 2012
10:12 AM ET
2 years ago

Republicans slam Obama after GDP report

(CNN) – A report showing U.S. economic growth slowing over the past three months provided ammunition for Republicans Thursday, who pinned responsibility for a weak economy squarely on President Barack Obama.

Reince Priebus, the chairman of the Republican National Committee, wrote in a statement the numbers represented "just more devastating news for struggling American families."

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"Instead of spending his time fighting for American jobs, President Obama is working desperately to save his own," Priebus continued, "As a result, 23 million Americans are struggling for work. We need a new president who understands how the economy works and who will make job creation his number one priority. Mitt Romney will be that president."

Mitt Romney's presidential campaign released a statement and held a conference call characterizing the report as dismal news for Americans looking for jobs.

"President Obama has been claiming that his economic policies have 'worked.' This morning's GDP numbers suggest otherwise," former Minnesota Gov. Tim Pawlenty wrote in a statement from Romney's team. "It seems that the President's poor stewardship of the economy is only going to come to an end when his term comes to an end. Instead of generating growth and jobs, he has only generated uncertainty. Let's hope that the President finds the time amid his busy fundraising schedule to meet with his Jobs Council at least on one more occasion in what remains of his failed presidency."

An adviser to Romney summed up the Republican response on Twitter:

The report from the Commerce Department showed the U.S. economy slowed in the second quarter amid weak consumer spending, government cuts and a rise in imports from foreign countries.

Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 1.5% from April to June, the Commerce Department said, down significantly from a 2% rate in the first three months of the year.

The Commerce Department also released revisions going back to the start of 2009. While the revisions showed that growth in 2010 was weaker than previously thought, 2009 and 2011 were slightly stronger.

The economy needs to grow around 3% a year to bring the unemployment rate down significantly, and since consumer spending accounts for roughly two-thirds of the economy, it too needs to grow around 3%.

"The report this morning was not too off of what most economists expectations were with a headline number of 1.5% for GDP growth, but those expectations themselves, and the report itself, were actually quite disappointing. It's a picture of a decelerating economy," Romney economic adviser Glenn Hubbard said on a conference call organized by the presumptive GOP nominee's campaign.

Alan B. Krueger, the chairman of Obama's Council of Economic Advisers, framed the numbers in a White House blog post as the "twelfth straight quarter of positive growth," though he acknowledged the rate of growth was still too slow for job creation.

"While the economy continues to move in the right direction, additional growth is needed to replace the jobs lost in the deep recession that began at the end of 2007," Krueger wrote.

CNNMoney's Annalyn Censky contributed to this report.

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Filed under: Economy • President Obama • RNC
soundoff (144 Responses)
  1. Joi Gibson

    At least it isn't contracting – which it would be if we were to take the austerity measures the GOP suggests. Better something than nothing. As long we are going up and not down – I know it's too slow, but slow and steady is better than going backwards fast. It took many years to get here and it will take many, many years to get out of it. Congress bears some responsibility as well – this is not squarely on the President. But it's too easy to blame President Obama. I will continue to look at the glass half full. Listening to Republicans is mind numbing and depressing. No wonder no one wants to spend any money, they are too depressed from listening to all the doom and gloom, the sky is falling from the Republicans. And tell Rince to give it a rest. He's as bad or worse than Willard. Always criticizing and offering nothing no reasonable alternative. Giving more tax breaks to those who least need it while breaking the backs of those who can least afford it is no alternative.

    OBAMA/BIDEN/FIRST LADY MICHELLE 2012!!!!

    July 27, 2012 10:50 am at 10:50 am |
  2. Toby McDooogan

    If there is anything that Obama owns, it's this bad economy. Yep... "he built that!"

    July 27, 2012 10:54 am at 10:54 am |
  3. Four and The Door

    The report from the Commerce Department showed the U.S. economy slowed in the second quarter amid weak consumer spending, government cuts and a rise in imports from foreign countries.
    ______________________________________________________________________________________________
    With American companies being taxed at the highest rate of all developed nations, expect imports from foreign countries to continue increasing. This is not good for the American worker, the American company or the American federal government. It is bad policy by the federal government and this is the result. Greedy politicians continue to overspend and overtax while the national economy collapses under the burden. This is not recovery we are watching now.

    July 27, 2012 10:54 am at 10:54 am |
  4. BOB

    Pure and simple, these republican reps in congress are garbage. They actually love it when there is bad news, they have done everything in their power to obstruct anything that would improve the lives of the American People, I'm sick and tired of hearing about JOB CREATORS!!!......Is the republican base so naive they can't see what Mconnell, Cantor, Norquest and their backers Rove and the Koch Bros. are doing to this country. The bills the repbus introduce are so filled with other garbage they know will not be voted on, are they listening to the 78 percent who believe taxes should be raised for the to 1 percent and held for the middle class, NO...........Typical

    July 27, 2012 10:55 am at 10:55 am |
  5. benny

    Republicans, if you care, then past the dam jobs bill.

    July 27, 2012 10:58 am at 10:58 am |
  6. lolo

    The Gop will blame President Obama until the cows come home. How quickly they forget or refuse to remeber that it was their party who put us in this mess and they are the ones who say no to everything. Also the GOP wants to get rich off of the middle class and make us poorer and poorer, while they are living off of the taxpayers dime. I can not believe that this party is trying to throw the middle class under the bus. Romney used government funds to fill his pockets and to save the Olympics and does not want the middle class to use them in their time of need. The poor gop are up for a rude awakening if they vote the clown Romney into office. Romney is a selfish, arrogant greedy pig, who knows nothing about being president.

    July 27, 2012 10:59 am at 10:59 am |
  7. king

    when will these repubs leaders start telling congress to stop their destruction of america, just to take one man job. its more than time now these obstructionist lunatics start writing up jobs bills and send it to the president's so he can sign it into law. and stop with the destruction of america because of party's sake. hey and stop writing these trickle down policies and sending it to the president, because those policies ravished our country. write jobs bills, to take advantage of folks paying the government to keep their money, and taxing the rich so that we can rebuild our infrastructure and put folks to work.

    July 27, 2012 11:00 am at 11:00 am |
  8. griffbos

    I have to ask Reince Priebus what my party has been doing since taking over congress? thier is a jobs bill sitting on a shelf somewhere in the House, their is a spending cut bill sitting next to it along with a tax bill....fact is my party which Controls the House has been collecting a paycheck while stonewalling the american people and prolonging the economic recession..............They need to be fired in Nov, then we can talk about the job Obama has done.....

    July 27, 2012 11:01 am at 11:01 am |
  9. JohnW

    So basically the GOP argument is that the economy is growing too slowly and it's all Obama's fault. We are supposed to blindly forget that the GOP killed the economy in the first place, and not realize that slow growth is better than negative growth. Just out of curiosity, what kind of idiots does this argument work on?

    July 27, 2012 11:03 am at 11:03 am |
  10. John,PA

    We all remember the historic 2006 election were the Democrats won took over Congress in 2007. It took 19 months of Democrats running Congress to have a collapse in 2008. Remember in Obamas own words, there is not much the president can do, Congress makes and passes laws. It’s been 5 yeasrs; the weak economy is squarely on the Democrats in Congress and president Obama.

    July 27, 2012 11:03 am at 11:03 am |
  11. NVa Native

    GOP ran on improving the economy and JOBS in 2010 – where are the JOBS?!

    July 27, 2012 11:05 am at 11:05 am |
  12. Bill from GA

    It's really low-life to do all you can to block someone's efforts to improve a situation and then complain that the situation is not improving fast enough.

    If repugs are going to criticize Obama's agenda, they should first (again) give the agenda a chance. We had awesome growth in the first 18 months of Obama's term, until repugs got the ability to stop him.

    July 27, 2012 11:05 am at 11:05 am |
  13. griffbos

    I also need to ask Reince Priebus what is up with Mitt? after all Reince Priebus is the leader of the party and Mitt on his first day of his mini world tour( if you can even call it that) insults one of our biggest allies in Europe, in his usual snobbish attitude......do we really want him in the white house even more so while insulting an allie he is talking taking the country to war if elected with Iran.....we gone this one alone Mitt after all the Brits might not stand with us this time thanks to your insults.......................

    July 27, 2012 11:06 am at 11:06 am |
  14. Anders Perillo

    Watch how quickly the economy turns around as soon as Obama is removed from office.

    July 27, 2012 11:06 am at 11:06 am |
  15. Canuck

    This is the Republican plan , isn't it? Obstruct any effort to help the country by creating jobs and then react with great drama pointing out how terrible the President is. Too bad so many Americans don't seem to be able to see this bs for what it is.

    July 27, 2012 11:07 am at 11:07 am |
  16. WiredWeirdinSF

    What is the use of slamming him? He is so busy spending our tax money on campaign junkets he does not have time to call a meeting of his jobs council or act on the recommendations of his deficit reductino committee. I am sure there will be another game of golf this weekend. The man is an absolute failure as president and the liberally biased press still cannot admit it no can his dope smoking, welfare fraud, corrupt unon boss constituency.

    July 27, 2012 11:08 am at 11:08 am |
  17. Time For Mitt to Fess Up

    Again we see the hypocrisy of the Repubicans. When dems point to Clinton balancing the budget.. they say it was Newt and congress... When democrates say Bush policy drove our nation into ruin... they say it was the democratic congress and Pelosi... When economy grows, the republicans take credit... when it fails they blame demoocrats.

    July 27, 2012 11:09 am at 11:09 am |
  18. California Gary

    It has been a long hard and slow recovery from the deepest of holes that the GOP policies drove us into........especially with the GOP continuing to drag their feet and prevent any progress. And Romney wants to take us back there......isn't insanity defined as doing the same thing over and over and expecting a different result? No, progress is slow, but it is progress and we need to continue on the road we now travel.

    July 27, 2012 11:10 am at 11:10 am |
  19. huh ?

    So easy for the G.O.P. to dig a 10-mile deep hole and then only giving the guy the tools to fill the hole at a rate of 100 yards/year.

    July 27, 2012 11:12 am at 11:12 am |
  20. Jill

    Four years of a hell no – do nothing to help the country Congress caused this. This Congress is an absolute abomination. I'm older, have always voted, and lived through many recessions in my lifetime. This is the only time I can recall that Congress sat with its thumbs up you know where – doing nothing! No jobs bills, no grass roots training bills, no infrastructure jobs acts that we need anyway. They are hopeless and it's downright against the people.

    July 27, 2012 11:13 am at 11:13 am |
  21. reginaldb6

    Republicans when are you going to take the blame for your role in this mess that you created. when you put the keeping power in front of doing what best for the country

    July 27, 2012 11:13 am at 11:13 am |
  22. "If you've got a business, you didn't build that. Somebody else made that happen." --B. Obama

    It will be hard, but Romney should be able to clean up this mess created by the uhbama and the democrats.

    Romney-2012

    July 27, 2012 11:14 am at 11:14 am |
  23. israel

    watch how quickly our economy sinks when obama is out of office

    our economy is slowing thanks in large part to the world economy slowing, there isn't much we can do about that

    July 27, 2012 11:14 am at 11:14 am |
  24. national

    The president didn't build this, he had help. Right republicans? Maybe this isn't your talking point for the hour.

    July 27, 2012 11:15 am at 11:15 am |
  25. sarge

    Prince Reibus, explain why Mitt the Twit gave a large Olympics contract to his nephew during the Salt Lake City games!

    July 27, 2012 11:15 am at 11:15 am |
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