‘Recovery policies would tie Americans’ hands with velvet rope of government money’
Fairfax, Va. – This morning’s U.S. Bureau of Economic Analysis announced the Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. Americans for Limited Government President Rick Manning issued the following statement in reaction:
“In spite of President Biden’s attempt last night to claim credit for the Trump economic recovery, today’s announcement that the First Quarter Gross Domestic Product increased at an annual rate of 6.4 percent is 100 percent a result of President Trump’s economic recovery policies. While Biden was urging state economies to remain closed, President Trump was creating the economic cushion to allow for a rapid economic comeback from the disastrous effects of the China virus in the first half of 2020.
“In fact, there is evidence that Biden’s insistence that unemployment benefits be increased by $300 a week in his ‘recovery’ package is likely the biggest drag on the economy as employers in many sectors cannot find people to employ even though more than 3.8 million Americans are claiming regular unemployment insurance and an additional 6.9 million people claiming pandemic unemployment insurance. Even Biden’s economic advisors must know that if people get paid more not to work than to work, they will sit at home or enter the black-market economy while still collecting government checks.
“This is so obvious that one can only surmise that team Biden wants tens of millions of Americans unemployed and dependent upon their largesse. After all, their recovery policies amount to little more than tying as many Americans’ hands together with the velvet rope of ‘free’ government money.”
For media availability contact Catherine Mortensen at cmortensen@getliberty.org or 703-478-4643.