Production, Confidence and the Economy

PRODUCTION, CONFIDENCE AND THE ECONOMY -- (House of Representatives - July 21, 2005)

(Ms. FOXX asked and was given permission to address the House for 1 minute and to revise and extend her remarks.)

Ms. FOXX. Mr. Speaker, the impact of the President's ambitious agenda and our work in the House is ensuring that America's economy remains the strongest in the world. In fact, recent economic data shows the economy is providing the momentum necessary to drive steady jobs growth, despite Members of the minority party's attempts to distort our economic agenda.

In the month of June, our robust economy created more than 144,000 jobs. The recent rise in our economy's production reflects the largest surge in utility output in 16 years, and the outlook for our country's growth is sitting well with consumers. The latest Consumer Sentiment Index rose in July as Americans become more and more upbeat about the economy.

Tax cuts proposed by President Bush have helped the economy grow at an annualized pace of more than 3 percent for the last 2 years. The last time the economy performed this well was more than 2 decades ago.

In order to maintain a robust economy, we must work with the President to pass legislation that promotes economic growth, including making his tax cuts permanent, restraining government spending, reducing unnecessary regulation, strengthening retirement security and expanding trade.

There is more work to be done, and we must no longer allow some Democrats to stand in the way of job creation.

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