America Gdp Quote by John Micklethwait
““The Peterson Foundation calculates that, since 2010, fiscal uncertainty—i.e., gridlock—might have slowed America’s GDP growth by one percentage point and stopped the creation of two million jobs.””
About This Quote
Source Report: Peterson Foundation Fiscal Outlook, 2022
Political gridlock can reduce economic growth and job creation by measurable amounts.
In simple terms: Gridlock hurts GDP and jobs.
Promote bipartisan cooperation to boost economy.
Themes
Mood
Type
When to use this quote
- legislative negotiations
- business planning
- public advocacy
Key Concepts
Questions to Reflect On
- What incentives could reduce gridlock?
- How can citizens influence bipartisan action?
Political compromise may be difficult to achieve.