[Congressional Record Volume 155, Number 62 (Monday, April 27, 2009)]
[Extensions of Remarks]
[Page E983]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




        CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2010

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                               speech of

                         HON. ROBERT E. ANDREWS

                             of new jersey

                    in the house of representatives

                       Wednesday, April 22, 2009

  Mr. ANDREWS. Mr. Speaker, I want to clearly explain the sources of 
the data I have used to compare the strength of the economy during 
President Clinton's time in office as compared to the economy during 
the Bush administration. During the Bush administration, an average of 
2,000 private sector jobs were created per month. For purposes of 
comparison, 217,000 private sector jobs were created per month under 
President Clinton. These statistics are drawn from Bureau of Labor 
Statistics data. To provide further evidence for the relative success 
of Presidents Clinton and Bush, it is helpful to look at economic 
growth during their Presidencies. President Clinton created $1.68 in 
economic growth for every dollar of economic growth created under the 
Bush administration. These numbers are taken directly from research by 
the Bureau of Economic Analysis. Finally, and perhaps most convincing, 
is the stark difference between the change in purchasing power, for the 
median household, between the Clinton and the Bush years. Under 
President Bush, the median household had $500 less purchasing power as 
of 2007 as compared to the beginning of Bush's Presidency. Under 
President Clinton the purchasing power of the median household rose by 
over $5,000. These numbers were drawn from data compiled by the Bureau 
of the Census and the Bureau of Labor Statistics. My friends on the 
other side of the aisle may prefer to ignore these comparisons; 
however, I am of the opinion that we must learn from our past to better 
prepare for the future. As we work to create jobs and get the economy 
back on track, it is useful to keep in mind the lessons of the past two 
decades.

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