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Hillary Clinton Statement on the Fourth Quarter 2007 GDP Report

January 30, 2008

Today's news that our economy grew at an anemic 0.6% in the fourth quarter of 2007 reinforces my fear that we are sliding into a recession. This data confirms that for far too many families, the state of the union is a state of economic anxiety.

I have been calling since early December for Congress and the President to take immediate action to jumpstart our economy. I am heartened to see that the House moved quickly to pass a stimulus package. But we need more than tax rebates and business incentives to fix our ailing economy. That is why I have called for extending unemployment insurance for those who are looking for work, expanding heating assistance for those facing skyrocketing heating cost, and enacting a comprehensive solution to the housing crisis, including a 90-day foreclosure moratorium and a 5-year interest rate freeze on subprime mortgages.

Hillary Clinton, Hillary Clinton Statement on the Fourth Quarter 2007 GDP Report Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/293952

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