[Congressional Record Volume 154, Number 7 (Thursday, January 17, 2008)]
[House]
[Page H299]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
A METRICS APPROACH
(Mrs. MALONEY of New York asked and was given permission to address
the House for 1 minute.)
Mrs. MALONEY of New York. Madam Speaker, when Congress considers
competing proposals to stimulate the economy, why not take a
businesslike approach and consider the ``metrics'' of previous efforts?
When the current administration took office, the Dow Jones Industrial
Average stood at 10,587. Yesterday, it was 12,472, representing a gain
of 18 percent over 7 years. Unemployment and poverty rates are higher.
Our debt is staggering. Our trade deficit is the highest in history.
During the previous Democratic administration, the Dow Jones
Industrials rose 328 percent over an 8-year period. Unemployment fell
every year, millions were lifted out of poverty, and we achieved a
budget surplus.
So this time around, ask yourself, which model works for me? Which
model was better? I think the facts speak for themselves.
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