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The Bare Facts on the Economy

Date: March 7, 2006
Location: Washington, DC
Issues: Economy and Fiscal


THE BARE FACTS ON THE ECONOMY -- (House of Representatives - March 07, 2006)

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

Ms. FOXX. Mr. Speaker, I am getting a bit tired of hearing some of my colleagues in the Democrat Party mislead the American people into thinking our economy is in poor shape. Here are the facts, plain and simple.

Our economy has been growing for 17 straight quarters. The National Association for Business Economics predicts the economy will grow at a 4.5 percent rate in the first quarter of 2006. After inflation, disposable incomes increased 2.2 percent in the last 12 months. The Federal Reserve reported that the median net worth of U.S. households increased 1.5 percent between 2001 and 2004. January's unemployment rate fell to 4.7 percent, which is the lowest monthly rate since 2001 and lower than the average of the 1970s, 1980s and 1990s. There have been 29 consecutive months of job gains.

Mr. Speaker, no amount of spin from the left can change the fact that our economy is growing stronger every day under Republican leadership.

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