• Today the Department of Commerce reported that the economy only grew 2 percent in the third quarter of 2012, well below the 3 percent rate required to create jobs and reduce unemployment.

• In August 2009, the Obama White House predicted gross domestic product (GDP) would increase 4.6 percent in 2012.  In fact, GDP growth in 2012 has averaged less than 1.8 percent.

• Republicans have real solutions to grow our economy and get people back to work.

New GDP report shows that Obama’s policies have failed to grow the economy as promised:

• In 2012, GDP growth has averaged under 1.8 percent, which is less than half of what the Obama administration projected after the failed $1-trillion stimulus was signed into law.

• Private-sector business investment dropped by 1.3 percent last quarter.

• With high unemployment and sluggish economic growth, the Obama economy has resulted in the worst recovery since WWII.

• Twenty-three million Americans cannot find full-time work, and middle-class incomes have dropped by approximately $4,000 since Obama took office.

Republicans continue to offer better solutions to spur economic growth:

• Extend all tax rates and then reform the tax code to fuel economic growth.

• Cut reckless government spending.

• Increase energy security to create homegrown American jobs.

• Stop job-killing regulations that are holding back job creators.

• Repeal ObamaCare and enact common-sense, step-by-step reforms that protect Americans’ access to the care they need, from the doctor they choose, at a lower cost.