[Congressional Record Volume 150, Number 88 (Wednesday, June 23, 2004)]
[House]
[Page H4770]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   THE REAL RECORD ON ECONOMIC GROWTH

  (Mr. CAMP asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. CAMP. Mr. Speaker, I rise today to set the record straight on the 
economic outlook in America and in my home State of Michigan. Let us 
look at the facts. Real GDP has grown 5 percent during the last four 
quarters, the fastest annual growth in almost 20 years. Inflation 
remains low, productivity has grown at the fastest 3-year rate in 40 
years. Business investment surged 12\1/2\ percent in the last four 
quarters. Industrial production saw its largest quarterly increase in 
nearly 4 years during the first quarter of 2004 and increased further 
in April. Yes, even in Michigan we added 8,300 jobs just last month.
  But more important than all of these statistics is that real 
disposable income is on the rise. That is more money in the hands of 
moms and dads all across the country who can invest in their family and 
buy the things they need. More jobs for our workers and more prosperity 
for our families. Now, that is a record we can be proud of.

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