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Economy Promotes American Families

Date: Dec. 18, 2005
Location: Washington, DC
Issues: Economy and Fiscal


ECONOMY PROMOTES AMERICAN FAMILIES -- (House of Representatives - December 18, 2005)

Mr. WILSON of South Carolina. Mr. Speaker, while I would be happy to report all of the good news about today's economy, it would certainly take me more than 1 minute.

By decreasing taxes and eliminating unnecessary government regulations, President Bush and Republican leaders have created strong economic growth that has delivered a long list of benefits to the American families.

Four point five million new jobs have been created since May 2003. Home sales reached a record high in October with the highest percentage of American home ownership in history. Consumer prices decreased last month by 0.6 percent, the largest decrease since 1949. Energy prices recently dropped by 8 percent. The unemployment rate is lower than the average of the past 3 decades. The economy grow at 4.3 percent over the last 10 quarters. Productivity soared in the last quarter by 4.7 percent, reducing fears of inflation.

Although we are pleased about these excellent economic indicators, we are not satisfied. House Republicans will continue to promote policies that create jobs for all American families.

In conclusion, God bless our troops, and we will never forget September 11.

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