Boehner: Slow Growth Can’t be ‘New Normal’

Photograph by Andrew Harrer/Bloomberg

House Speaker John Boehner, a Republican from Ohio, talks prior to an interview at the Capitol in Washington, D.C., on May 7, 2013.

“We’ve had four years of slow and anemic job growth — and frankly, it’s unacceptable,” House Speaker John Boehner said today.

The Ohio Republican attempted to turn the latest unemployment rate against the White House — 7.5 percent reported for April representing the lowest rate in four years — as something short of what President Barack Obama promised with his economic stimulus.
“Slow growth cannot be the new normal,” he said today at his weekly news conference in the Capitol — as Obama traveled to Texas to tout the potential for economic growth.

“We can’t cut our way to prosperity — we need real economic growth,” Boehner said, suggesting that “real tax reform” will contribute to that. House Ways and Means Chairman Dave Camp is promising a tax bill this year — though Republicans and Democrats are divided over whether that should result on added tax revenue or come out “revenue neutral.”

Obama is traveling to Texas to promote technology-based education, training and jobs as he seeks support in Congress for economic initiatives he proposed earlier this year.

Stops today around Austin, including at Manor New Tech High School and at an Applied Materials Inc. factory, as well as
meetings with students, workers and entrepreneurs, are intended to give Obama a platform to promote proposals from his State of the Union speech in February. Those include raising the minimum hourly wage to $9 and promoting spending on education, manufacturing-innovation centers, worker training and research.

   Bloomberg’s Margaret Talev, reporting from Texas today, contributed.

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