[Congressional Record Volume 151, Number 147 (Tuesday, November 8, 2005)]
[House]
[Pages H9967-H9968]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1015
                       AMERICA'S ECONOMY GROWING

  (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. Mr. Speaker, last Friday, it was 
reported that U.S. productivity grew at the fastest clip in more than a 
year, signaling a steady growth of the economy. Non-farm business 
productivity surged at a 4.1 percent annual rate. The increase exceeded 
economists' expectations and was almost twice that of the prior 
quarter.
  This has caused a gauge of inflationary pressure to drop. When 
productivity rises smartly, employers can raise and boost wages without 
fueling inflation. Increasing productivity helps us compete with China 
so that we can export more to China.
  I believe this success is due to the tax cuts enacted by President 
Bush. The Bush policies have caused the

[[Page H9968]]

gross domestic product to surge by 3.8 percent. It has created over 4 
million jobs. The stock market has appreciated over $6 trillion. There 
is a record percentage of homeownership; and, for the first time ever, 
over 50 percent of minorities own their own homes.
  I appreciate President Bush's leadership. I look forward to more 
successes.
  In conclusion, God bless our troops, and we will never forget 
September 11.

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