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."

– Follow the Ticker on Twitter: @PoliticalTicker

"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.

– Check out the CNN Electoral Map and Calculator and game out your own strategy for November.


Filed under: Economy • President Obama • RNC
soundoff (144 Responses)
  1. Rudy NYC

    Well, Republicans. Last fall Pres. Obama asked you to "pass this bill" and you blocked it. You claimed that it would add to the deficit and kill jobs, capitalism and apple pie. So, we were forced to do it the way the Tea Party run House wanted to spend the money. Remember, all spending bills MUST originate in the House of Representatives.

    July 27, 2012 11:34 am at 11:34 am |
  2. Joey

    Anyone who believes there is only 1 party to blame is highly uneducated....we have let our government play extreme politics on both sides and the result is what we have as an economy...until we DEMAND change in Washington it will be business as usual.

    July 27, 2012 11:35 am at 11:35 am |
  3. Strategic Bob

    The Republican plan is working – obstruct everything that would help the economy, hope it tanks in time for the election and then blame President Obama for the consequences of their own inaction. Let us hope and pray that enough Americans see through their treasonous ploy.

    July 27, 2012 11:35 am at 11:35 am |
  4. Southeast

    Come November let's do what the rethug have done. Vote no to them.

    July 27, 2012 11:36 am at 11:36 am |
  5. A True Conservative

    Mr Obama – you DID make this economy. It's time to put on your man pants and take responsibility for something.

    July 27, 2012 11:37 am at 11:37 am |
  6. The Voice of Reason

    NVa Native – To say that 23 straight months of job growth, and 12 straight quarters of economic growth under president Obama is good and moving in the right direction, is like telling a person to drive 600 miles on a quarter of a tank of gas.. then saying "at least you have gas in your tank".

    July 27, 2012 11:38 am at 11:38 am |
  7. NVa Native

    The GOP-tees are very effective at keeping their followers stupid. As reflected in all their fantasy based comments parroting fox/limball lies & deceptions. If more GOP politicians get elected to push the failed GOP policies we are all screwed – again.

    July 27, 2012 11:38 am at 11:38 am |
  8. Doc

    1.5% - The Obama Economy: Barack Obama Built This! Come on CNN, you should PLASTER this in LARGE PRINT on your FRONT PAGE!! TELL THE TRUTH!!

    July 27, 2012 11:38 am at 11:38 am |
  9. EX Rublican

    Republican well pass the damm job bills stop blameing president Obama for the bad economy.
    Wake up america vote republican out of the office.

    July 27, 2012 11:38 am at 11:38 am |
  10. Nell

    I am fed up with all this Obama bashing! If I were Obama, I would concede to Romney right now, today. This would save money and give some of the American people what they really want. So, go ahead Mr. President, stand up, give em what they deserve, Mitt Romney!

    July 27, 2012 11:39 am at 11:39 am |
  11. freelance

    GOP should BLAST Obama over the GDP. Also, need to make sure we obstruct and make the next quarter GDP negative, so we can win the elections. GOP & Tea Party are a bunch of Patriots. I know we can do it.

    July 27, 2012 11:39 am at 11:39 am |
  12. Matt

    Sounds like the bureaucrats are trying to play along with the Obama reelection strategy: "government cuts" are partly to blame for weakening GDP?? That's akin to saying a business owner did not build the business, that was due to government investment. As if government investment did not originate from those very businesses and individual taxpayers....

    July 27, 2012 11:40 am at 11:40 am |
  13. freelance

    GOP should go all out on Obama over the GDP. Also, need to make sure we obstruct and make the next quarter GDP negative, so we can win the elections. GOP & Tea Party are a bunch of Patriots. I know we can do it.

    July 27, 2012 11:40 am at 11:40 am |
  14. The Other Dale

    Josh, I'm neither Republican or Democrat and it looks like Obama is still going to be here come November, and for good reasons. REASONS. That's if you go to every other news site with the exception of Fox. You might want to give it a try.

    July 27, 2012 11:41 am at 11:41 am |
  15. ja

    let it be known, the gop has set roadblocks for most obama legistation, therefore they carry the ball for no growth also, jindal saying he will refuse the healthcare law is just a tip of the iceberg

    July 27, 2012 11:41 am at 11:41 am |
  16. Blah blah the wheel's off your trailer

    When President Obama took office in 2009, the economy was losing 800,000 jobs a month. Since then, over eight million jobs have been created and saved in the private and public sector! You might ask why is the unemployment rate still at 8.2%. Well, that is because the recovery has been hanpered by a "SEESAW" effect where companies continue to lay off American workers faster than the economy is adding jobs. And because of the severity of the recession, some companies have seen their profits decline as demands have dissipated while others have had to law off workers because they find themselves in a dilemma where they don't have enough collateral to meet their payroll and others have had to file for bankruptcy on the other hand. Then there are those companies that are doing well and sitting on profits but are either reluctant to hire or are at a standstill where they're still considering laying off more workers because of the uncertainty of the global markets where demand for their exports have slowed.

    Since 2009, President Obama has done alot for small businesses (which are the engine of our economy with over 28 million of these companies employing over 60 million Americans nationwide), signing into law 18 tax cuts for small businesses, appropriating over $200 billion in aid to help small businesses stay afloat, grow and expand and hire American workers. And some of the measures passed since 2009 include provisions eliminating capital gains taxes on investments, establishing small business lending funds, to the bipartisan JOBS Act, to the America Invest Act and a host of additional programs. Let's face it, the the economy didn't tank overnight and therefore, it won't get back to the pre-recession levels overnight! And furthermore, the GOP shouldn't point fingers because our economy collapsed under their failed and misguided leadership and their deliberate and shameless obstructionist measures won't help things either.

    July 27, 2012 11:42 am at 11:42 am |
  17. anoel2005

    You Liberals keep blaming the " Republican Congress" for obstructing Obama policies.

    You forget 2 things.........1. The "Senate of No" is Democrat.

    2. When did Obama ever care what Congress says ? HE GOES AROUND CONGRESS all the time. He thinks he's King.

    July 27, 2012 11:42 am at 11:42 am |
  18. Tzar of Common Sense

    Everyone realizes that 1) no tax "hike" on $250K+ salaries has actually been passed since Obama has taken office and 2) the ACA health care mandates don't take effect until next year....right? So when you say Obama has killed (past tense) small business, that statement is nothing short of a steamy pile of BS. Can businesses get preemptively killed by policies that haven't become law yet? Me thinks not. If your business has been killed then it is because of the "blank check" policies put forth by a GOP president with a GOP congress that lead to the 2008 collapse.

    July 27, 2012 11:42 am at 11:42 am |
  19. Rudy NYC

    The Voice of Reason

    NVa Native – To say that 23 straight months of job growth, and 12 straight quarters of economic growth under president Obama is good and moving in the right direction, is like telling a person to drive 600 miles on a quarter of a tank of gas.. then saying "at least you have gas in your tank".
    ----------------–
    Considering the fact that when the journey began the gas tank had big hole in it and was hemorrhaging fuel, still having some gas in the tank is a good thing. It means the problem with the hole in the tank is of little or no concern.

    "Nice try, but we gotcha."

    July 27, 2012 11:42 am at 11:42 am |
  20. Fair is Fair

    "I trust that the president has a plan to put more Americans back to work "
    -----
    Well, BY ALL MEANS, put it forth. The FACT is that all Obama has is more spending. bigger government, and more spending. He and his economic policies are a complete, utter, and TOTAL failure. He's a one-trick pony and he couldn't even get that right. Time for a change.

    July 27, 2012 11:45 am at 11:45 am |
  21. dave

    Fire the House of Representatives! If all spending starts there, elect a House that will serve the people. Republican, Democrat, Independent. It doesn't matter. As long as they put country before party, elect those who will serve YOU!

    July 27, 2012 11:45 am at 11:45 am |
  22. dreamer96

    The GOP send the jobs oversea then complain..they did not improve production methods in the US at those factories to reduce cost per item made...They just sent the work to China..and then complain about the GDP...GE now makes more turbine engines with 4,000 workers, and many robots, then they made with 40,000 workers and no robots...Less workers I know..but how many new workers are there that now make the robots, program the robots, repair the robots..design new factory robots..Those workers are not at the GE factory...We need to learn to compete with low wage workers in China, and India...We need to develop better factory robots and use them here in the US..not send them over seas...

    July 27, 2012 11:46 am at 11:46 am |
  23. g

    i don.t think the republican short term war economy,will work any more,it always ends up bad.creating long term jobs take time,MADE IN AMERICA needs a come back

    July 27, 2012 11:47 am at 11:47 am |
  24. Andre

    Haha you know it's funny, I just read the report that the majority of Americans supporting Romney are in fact only voting for him because he's not Obama. It's kind of funny; the same trend happened in 2004; people just decided they didn't like Kerry, as opposed to actually voting for Bush again. How does this happen? Let's analyze exactly what happened both times. Democrats stand behind their candidates; Republicans are such sheep that they don't like their candidate, but just want anyone BUT a democrat to win.... you Republicans can't be serious lol; how's that voting Bush 2 in a second time working out for ya? ROFL

    July 27, 2012 11:48 am at 11:48 am |
  25. sf

    so which is it republicans? Does the government create or not create jobs? you people are psychotic!

    obama 2012

    July 27, 2012 11:49 am at 11:49 am |
1 2 3 4 5 6