[Congressional Record Volume 156, Number 80 (Tuesday, May 25, 2010)]
[House]
[Page H3759]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
INDUSTRIAL OUTPUT IS EXAMPLE OF ECONOMIC GROWTH
(Ms. WASSERMAN SCHULTZ asked and was given permission to address the
House for 1 minute and to revise and extend her remarks.)
Ms. WASSERMAN SCHULTZ. Mr. Speaker, America has been through tough
times before, but we've always pulled together as a Nation to overcome
our challenges.
Just over 1 year ago, Democrats came together and faced the
challenges that we were handed by the mismanagement of the Bush
Republicans. Faced with massive job losses exceeding 700,000 a month
just over 1 year ago, we passed the American Recovery and Reinvestment
Act; and, since that time, we've reversed the job losses and spurred
economic growth.
One only needs to look at America's manufacturing sector to see the
progress that we're making. American industrial production has
increased a cumulative 6.8 percent during the past 10 months, the
largest 10-month gain since 1997.
Total industrial production continued to increase last month.
Together with last month's jobs report, this suggests a strong start
for the second quarter. The increase, which was slightly above market
expectations, was led by a strong 1 percent growth in manufacturing
output.
As Americans, we can do it. We can turn our economy around. We have a
ways to go, but we can get America back on track and, together, we are
doing just that.
And that's just the way it is.
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