Job Creators Network Responds to Q3 GDP

Alfredo Ortiz, CEO of Job Creators Network, released the following statement on Q3 GDP, which increased by 2.8%:

“Look under the hood of the 2.8% GDP increase, and you’ll see the economy is far weaker than this number suggests. Domestic economic investment was essentially flat in the third quarter, while government spending surged by nearly 10%, more than twice the previous quarter’s increase. Unlike the real economy, driven by small businesses, the government does not create value, and government spending comes at the expense of the type of meaningful economic growth that drives living standards.

“Meanwhile disposable personal income grew at its slowest rate since 2021, and the personal savings rate fell, demonstrating ordinary consumers are tapped out in the Biden-Harris high-cost economy. Only pro-growth, conservative policies from a Republican Congress and presidency can generate the real private-sector growth on Main Street needed to improve Americans’ quality of life and financial security.”