[Congressional Record Volume 151, Number 100 (Thursday, July 21, 2005)]
[House]
[Pages H6309-H6310]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 PRODUCTION, CONFIDENCE AND THE ECONOMY

  (Ms. FOXX asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. FOXX. Mr. Speaker, the impact of the President's ambitious agenda 
and our work in the House is ensuring that America's economy remains 
the strongest in the world. In fact, recent economic data shows the 
economy is providing the momentum necessary to drive steady jobs 
growth, despite Members of the minority party's attempts to distort our 
economic agenda.
  In the month of June, our robust economy created more than 144,000

[[Page H6310]]

jobs. The recent rise in our economy's production reflects the largest 
surge in utility output in 16 years, and the outlook for our country's 
growth is sitting well with consumers. The latest Consumer Sentiment 
Index rose in July as Americans become more and more upbeat about the 
economy.
  Tax cuts proposed by President Bush have helped the economy grow at 
an annualized pace of more than 3 percent for the last 2 years. The 
last time the economy performed this well was more than 2 decades ago.
  In order to maintain a robust economy, we must work with the 
President to pass legislation that promotes economic growth, including 
making his tax cuts permanent, restraining government spending, 
reducing unnecessary regulation, strengthening retirement security and 
expanding trade.
  There is more work to be done, and we must no longer allow some 
Democrats to stand in the way of job creation.

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