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Romney Campaign Reacts to Slowing GDP Growth

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  • Description

    FBN’s Peter Barnes with news that GDP growth slowed in the second-quarter of 2012.

  • Duration 1:48
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I would US economy grew at a one and a half percent rate in the second quarter right in line with what economists were forecasting.

But slower than 2% growth in the previous quarter appear -- at the White House and Romney campaign reactions to the numbers he has force as well also Peter -- -- The -- -- US economy has stalled out in the last year is just -- troubling to say the least.

-- the third year in a row we've seen that's -- and it was the weakest quarter for the economy and a year -- suffer from slower growth in consumer spending and business investment a drop in durable goods purchases.

Especially autos.

That cut the GDP growth by a half a percent compared to the first quarter and growth has dropped off sharply from the fourth -- you can see from some of our graphics.

The report adds fuel to the political fire in this election year when the economy of course the big issue.

We'd like to see faster growth the president has proposed measures that would help to speed growth some of them.

I have been passed I think he prescribe the right medicine for the economy and we're gonna continue to press for congress to take further steps to help the economy.

And do what we can within our executive authority.

-- support the economy is don't want to.

-- -- -- Just over maybe half full of oil most economists would say potential grosses in the US economy that gives you essentially -- the job market is struggling so much and the recovery itself so a lot actually we will get an oxygen.

Medicine -- what John lots and lots he has to say coming up here but they cut economics economists have been paying me today where they're -- say that today's numbers gives the Fed more ammo to launch more stimulus maybe more quantitative easing QE3.

Later this year large.

-- -- can't thank you.

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