The 114th Congress was just sworn in on Tuesday, but by Wednesday Senate Majority Leader Mitch McConnell (R-KY) gave it credit for last year’s positive economic data.
In a speech announcing the new Senate, which is now controlled by Republicans, he said, “After so many years of sluggish growth, we’re finally starting to see some economic data that can provide a glimmer of hope; the uptick appears to coincide with the biggest political change of the Obama Administration’s long tenure in Washington: the expectation of a new Republican Congress.”
There have been positive signs in the economy lately. The most recent GDP report showed 5 percent growth in the third quarter of last year and 4.6 percent growth in the second. That 5 percent growth rate was the fastest the economy had experienced since 2003. But it measured growth in July, August, and September, before the midterm elections in November that flipped the Senate to Republican control.
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