Positive Economic Predictions for 2006

POSITIVE ECONOMIC PREDICTIONS FOR 2006 -- (House of Representatives - February 16, 2006)

(Mr. WILSON of South Carolina asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. WILSON of South Carolina. Madam Speaker, yesterday, as he delivered his first economic update to Congress, Federal Reserve Chairman Ben Bernanke from Dillon, South Carolina, reported that the American economy performed impressively in 2005. While hailing increases in payroll employment, gross domestic product and productivity, he noted that our economy achieved significant gains, overcoming incredible obstacles.

Chairman Bernanke also predicted that the economy will continue to grow in 2006. His positive economic outlook equals more jobs for American workers, more income for American families, and more opportunities for American consumers.

Today, I urge my colleagues to join me in supporting permanent tax cuts that will ensure economic expansion throughout our country. President Bush's tax cuts started this strong wave of economic growth, creating 5 million jobs. We must remain committed to continuing this important policy.

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

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