Economic Results Speak for Themselves

ECONOMIC RESULTS SPEAK FOR THEMSELVES -- (House of Representatives - February 01, 2006)

02/01/06

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Ms. FOXX. Mr. Speaker, I first want to commend the gentleman from Florida (Mr. Weldon) for bringing this exciting news about adult stem cell success to us. Last week, Congresswoman NANCY JOHNSON and I had the opportunity to visit again Wake Forest Medical Center's regenerative medicine program, where they are doing some absolutely wonderful things from adult stem cells, and I hope sometime in the future soon to bring some information about that program.

But, Mr. Speaker, tonight I want to talk about some other good news. While we were working in our districts for the past month, good economic news continued to pour in, thanks to the Republicans' fiscal restraint and pro-growth economic agenda. In fact, our unemployment rate is lower than the average of the 1970s, 1980s, and 1990s; and earlier this month, the Dow Jones Industrial Average closed above 11,000 for the first time since the 2001 terrorist attacks. In addition, new-home sales reached an all-time high in 2005. Finally, it was just reported that consumer confidence has risen this month to the highest level since June of 2002.

The great economic news flies in the face of the Democrats' message of doom and gloom. Before the district work period, Republicans passed a Deficit Reduction Act, which was a plan to reform the government and yield savings for American taxpayers. Fortunately, today we passed this bill again, modified slightly by the Senate; but it was with no support from the Democrats. Once again, we show that Republicans are indeed the party of fiscal restraint.

Mr. Speaker, Republicans will continue to push for pro-growth economic policies aimed at ensuring that all Americans can realize the American Dream.

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