[Congressional Record Volume 160, Number 150 (Wednesday, December 10, 2014)]
[House]
[Pages H9040-H9042]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
DEPARTING MEMBERS
The SPEAKER pro tempore. Under the Speaker's announced policy of
January 3, 2013, the Chair recognizes the gentleman from New Jersey
(Mr. Pascrell) for 30 minutes.
Mr. PASCRELL. Mr. Speaker, I would like to say to the gentleman from
Georgia, before he leaves the floor, that I wish him the best of luck,
Doc. And I wish the other Doc, the gentleman from Washington who has
already left the floor, the best of luck. The gentleman from New
Jersey, Rush Holt, who is going to speak after me, is leaving as well.
And I must say some things about all three of you, if I may, because
you fit into these particular characteristics. The three of you are
gentlemen. The three of you are real patriots. The three of you are
civil in every respect. The three of you have a good sense of the
Congress. The three of you have a great respect for the institution.
And you will be missed.
God bless you. Godspeed. And good luck to you and your families.
The American Economy
Mr. Speaker, I rise today to discuss the state of our Nation's
economy. I have been waiting for this opportunity, Mr. Speaker. This is
the time to do it.
Six years ago, when President Obama raised his hand on the steps of
the Capitol of the United States of America and was sworn in as
President, we were losing over 800,000 jobs every month, and these were
mostly middle-income and lower-income Americans who were out of work.
In the final 6 months of President Bush's administration, we lost 3.5
million jobs. By the time the recession was over, 8.8 million Americans
were out of work. The ending of that recession technically was in June
of 2009, but we did not start to create new jobs until March of 2010,
and many of those jobs came from the census that was going on that
year.
Our country's gross domestic product, GDP, in the fourth quarter of
2008--the last months of President Bush's administration--decreased by
8.9 percent. That is an unbelievable number. And President Bush was not
solely responsible; we all shared in our financial demise. We have been
digging ourselves out of this deep, deep hole ever since, with almost
no help from our friends on the other side.
And I am glad my friend from Georgia mentioned that legislation that
we passed in 2003, plan D. Because right after we lost that debate and
lost that vote, we became part and parcel of that legislation which had
been democratically passed in this House, although we didn't like it.
We cooperated. We didn't try to undercut. We did not try to minimize.
But the record will show that Democrats stood up, shook off their loss,
and became part of what American democracy is all about. We cooperated.
Now, what have we had from the other side of the aisle? We have had
no cooperation. We have had very little goodwill. We have had, simply
speaking, no poetry whatsoever. In fact, just the opposite. We have
seen the seeds sown in division, in fear, in disharmony.
The American Recovery and Reinvestment Act, which passed in February
of 2009, our first response to the crisis, received zero votes from our
friends on the other side of the aisle. We know now that this bill
saved or created 3.6 million jobs in this country, although it was far
too small to dig us out of the hole. But we were on our way.
The Affordable Care Act will allow a new generation of entrepreneurs
to create a business, provide incentives for small business to offer
health insurance, and attract qualified employees, even cut health care
costs growth to unheard of levels, freeing up cash so that businesses
can invest more and hire more workers--again, zero votes from our
friends on the other side.
And then when you lose, you undermine as much as is humanly possible.
Where was the other side of the aisle when the unemployment insurance
for long-term unemployed expired, cutting off 3.6 million Americans,
including 350,000 veterans, at the end of September of 2014? When we
had lost over 550,000 government jobs, dragging down our economy, our
entire economic recovery, instead of working to keep people on the job,
my friends on the other side of the aisle were pushing more and more
disastrous, job-killing budget cuts.
And, Mr. Speaker, let me say this: The record will bear me out. We
now have the lowest number of Federal employees, the lowest amount of
employees, since 1966. So when our friends on the other side talk about
Big Government, they ought to know about it since they created it. We
have had the lowest amount of Federal workers. And for the last 5 or 6
years, many of those workers--forget about us--have not even gotten a
cost of living increase.
So you can understand very clearly why the American people are
frustrated with the pace of our recovery. And in many ways, I share
their frustration. It has taken far too long, and the fruits of the
recovery have not been equally distributed.
During the recovery, incomes have been flat for the vast majority of
Americans while the folks at the top of the income scale are doing
better than ever. No one should try to undermine anybody making a
living and a good living, but everybody should be part of making sure
that there are shared fruits on the line and everybody gets a chance
and an opportunity.
The stock market is up over 165 percent since the low it hit at the
depths of the recession. While stocks have fully recovered and continue
to set record highs, the job market has lagged behind, not recovering
all the jobs lost in the recession until just 6 months ago, 5 years
after the recession officially ended.
In my home State of New Jersey, total employment is still well below
where we were at the start of the recession. There are over 130,000
fewer jobs in New Jersey than in December of 2007. Our unemployment
rate is nearly a full point higher than the national average. Take heed
what happens to your own State, never mind what happens in other
States.
Wages have also been stagnant, stuck at around 2 percent for the last
few years. If wage growth had been a more robust 4 percent--enough to
factor in inflation and growth in productivity--the average worker
would be making more than $3 more per hour today than they are. That is
a fact. It is undeniable.
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It is undeniable. This is because, for example, during the first 3
years since the end of the recession, the top 1 percent of Americans
captured 95 percent of the entire country's income gains. This wage
stagnation didn't just start with the recession.
Incomes for the middle class had been stagnant for the past 15 years,
and if you adjust for inflation, middle class wages are lower than they
were in 1989. That is a fact. There are many reasons for the middle
class to feel like they are left out, like the recovery has left them
behind. It is because the entire economy is leaving them behind.
This year, it seems like we may have finally begun to turn that
corner, and our economic recovery is still and really accelerating.
Last week, the Bureau of Labor Statistics reported that the economy
created 321,000 jobs.
That makes for 57 straight months of job growth, the longest streak
of consecutive months of job creation on record for a total of over
10.9 million new jobs. For the last 10 of these months, we have created
over 200,000 jobs per month. That is the first time we have had a
streak of that with robust job creation since the 1990s.
The 321,000 jobs created in November brings the total number of jobs
created just this year to 2.65 million jobs, so with 1 month to go, we
have already created more jobs--get this--than any year since the
1990s. Now, those are some of the statistics about the job numbers you
might read in USA Today.
Manufacturing is the linchpin of our economy, adding 28,000 good-
paying jobs just last month for a total nearly of three-quarters of a
million new jobs. Wages, as I mentioned, have been stagnant. You will
see a nice monthly gain of 0.4 percent.
[[Page H9041]]
We have not had a month this year when wages have fallen, and for the
first time since 2008, we have had 4 months where they have grown at
least 0.3 percent. The average workweek increased to 34.6 hours,
meaning more workers are finding full-time employment, instead of part-
time jobs.
According to the Labor Department, we are seeing increasing churn in
the job market with the highest number of employees being hired for
jobs and voluntarily quitting their jobs since early 2008. This means
more workers are confident enough in the job market strength to leave
and look for a better opportunity.
The first week average of weekly jobless claims has been below
300,000 for the last several months, another welcome sign, and
according to the Commerce Department, construction spending increased
1.1 percent in October, including a 1.8 percent increase in home
building.
Total construction spending is up 3.3 percent from last year, part of
the reason why unemployment amongst construction workers has fallen
from 8.6 percent to 7.5 percent for the last year.
I say to the American people: we know it has been a long, tough road
over the last couple of years and the last couple of decades; we know
many of us have been frustrated that it has taken so long to get back
on our feet, but today, the American worker is the strongest in the
world.
We should feel good that not only are we on the right track, but we
are moving faster. The only thing now that could hold us back is if we
sabotage the economy by returning to some of the favorite old tactics,
shut the place down, shutting down the government, or defaulting on our
national debt. We are now only 1 day away from shutting down the
government.
The last time, the tantrum over defending affordable care cost us $24
billion. I don't know who the austere party is. I don't know who the
party is that is going to watch every dime that is being spent. Twenty-
four billion dollars is not chump change, and that resulted in 120,000
fewer jobs being created. We are going to have to be a little bit more
creative than just shutting down the government. Maybe they will only
try to shut down parts of the government.
But this pales in comparison to the negative economic impact of
brinkmanship over our country's debt ceiling. We all know just how
devastating actually refusing to raise the debt ceiling could be.
Credit markets would freeze, interest rates would skyrocket, and the
dollar would crash. Even the possibility of hitting the debt limit does
serious damage for our economy. The first time we did this back in
2011, consumer confidence declined to levels not seen since the Lehman
Brothers collapsed in 2008.
Business uncertainty is not what we need. That has led to a slowing
of job growth, and our credit rating was downgraded for the first time
in our history. All of these economic wounds were self-inflicted.
To his credit, the new majority leader, Senator McConnell, has stated
he doesn't want another shutdown or default in our debt. However, as
our Speaker, Mr. Boehner, has learned that sometimes the leader of the
party will have a hard time keeping his troops in line. Every leader
finds that out.
With our recovery finally picking up steam, the ideologues must cast
aside their mentality of legislating by taking the economy hostage.
This includes not only our debt ceiling and averting a government
shutdown, but also the myriad of other deadlines Congress must deal
with in the new year: the expiration of the highway funding, preventing
a cut in Medicare payments to doctors, and expiring tax provisions.
Republicans and Democrats must come together really to tackle these
issues in a way that accelerates our ongoing recovery. We simply cannot
get caught up in the endless brinksmanship and bickering that has
defined the past 4 years.
Failure to do so would be an insult to the middle class who are just
starting to see the fruits of recovery in their pocketbooks.
Unemployment is finally down to the lowest rate in years, and we saw a
big jump in hourly earnings in this past week.
Combined with the continued drop in gas prices, not once did I ever
see someone come to this floor and give the President credit for
anything on the other side--not once--whether it was falling gas
prices--and we know what happened when the prices went up a few years
ago. Not once did we see anything about the 321 new created jobs. Not
one person came to this floor.
He has done a few things right, my brothers and sisters, believe it
or not, and if you do admit it, nothing is going to happen to you.
Believe me, nothing will happen to you.
Combined with these gas prices going down, the positive impact of the
President's immigration order, which will bring money into America's
Treasury, we are on a track for a great year for the American worker.
The best thing Congress could do to make sure that happens is simple:
just get out of the way. I say that with all respect.
Now, Mr. Speaker, it is my honor to yield to the gentleman from New
Jersey (Mr. Holt).
A Privilege to Serve in the House of Representatives
Mr. HOLT. I thank my colleague, Mr. Pascrell from New Jersey, for
underscoring the importance of what we do here in this House. Those are
not just numbers on a page that he was quoting; those are people's
lives and livelihoods, and we have work to do.
As I prepare to wind up my service here after 16 years, I seek the
indulgence of my friend here and our colleagues to make a few
observations for the benefit of my constituents to whom I owe much.
When people call my office, we answer the phone, ``Representative
Rush Holt.'' Mr. Speaker, here in the House, for each of us,
Representative is our title and our job description. It is an honor and
a privilege for each of us to represent about three-quarters of a
million people, to represent them here in the people's House, this
House, that is the focal point of the U.S. Government laid out in
article I, section 1, of the Constitution, right at the beginning.
Despite all the well-publicized frustrations of this place, this
House is the greatest instrument for justice and human welfare in the
world. We are a central part of the most successful experiment in human
advancement in history. We must not forget that.
Speaking of not forgetting, we would all do well to develop a
stronger sense of history, a sense among ourselves and our country. It
is with a sense of history that we realize what progress we have made
as a country.
In this time of frustration and cynicism, we should take note: the
success of America economically, culturally, and socially has not been
an accident, and it was not destined. Our success derives from our
chosen system of governing ourselves. Without a sense of history, one
cannot recognize progress, and humans need a sense of progress.
When I was first elected to Congress 16 years ago, some people asked
me: ``Why would a scientist leave a good research institution to get
into the muck of politics?'' The simple answer was that it was too
important not to.
Sure, it was satisfying to win an election in a district where many
said it couldn't be done, where no one of my party had been elected in
almost anyone's memory, but it was clear to me that this was not a game
of politics; it was a fight to defend the soul of America.
I came here an optimist about our country, our people, and their
government, and I leave an optimist. I have had the help of many
people, volunteers, staff and colleagues, smart, inspiring, tireless. I
think of many.
I will mention several by name: my wife, Margaret Lancefield; my
chief and deputy chief, Chris Gaston and Sarah Steward; and looking
back, I think of those who have died during my time here.
As I speak here in glowing terms about our government, successes of
this ingenious system of balancing competing interests, I would be
obtuse not to recognize that many are discouraged about their
government. Some politicians even foster distrust in government, taking
people beyond the traditional healthy American skepticism to real
destructive cynicism.
In every era, there have been naysayers: ``The government is broken,
special interests rule, and all politicians are corrupt.'' I know that
is not true.
[[Page H9042]]
I am reminded daily that through diligent and committed service to
the people that a Representative can ensure that each person knows that
she or he has a part in our democracy, a direct connection to his or
her government, and that cooperative action, yes, government, benefits
them.
We must continually show our constituents that we are committed to
always improving the mechanisms of good democratic government: voting,
legislation, and addressing grievances.
After eight terms, I look back with satisfaction at some things
accomplished: preserving land and bits of history; improving
educational opportunities; supporting education in science and foreign
languages; expanding access to excellent health care, especially mental
health care for our military veterans; protecting families' economic
security in their nonwage-earning years; protecting postal workers when
they are exposed to anthrax; enhancing the reliability, accessibility,
and auditability of voting; strengthening civil protections of Muslim
Americans and other minority groups; strengthening fairness in the
workplace for LGBT workers; and increasing support for scientific
research.
Through it all, our primary job, I would say, has been to beat back
the cynicism about our ability as Americans to govern ourselves. Of
course, we understand that passing laws and appropriating money is only
part of a Representative's work.
I have taken opportunities to speak out about injustice, to extol
people and programs that work well, to voice support for people who
need a kind word and more, a little help. I present a vision for a
government--not a government that vanishes, but a government that works
for its citizens.
Of course, not all problems can be fixed by government, but it can be
reassuring and uplifting to people to know that other people have their
backs and can help; yes, that is government.
I continue to speak against intrusive surveillance by government that
treats people as suspects first and citizens second. I have joined with
others here to preserve our national legacies, our land and resources,
a clean environment and to preserve memories of where we come from, and
with my science background, I always try to present arguments based on
evidence and open review.
On many issues and in many votes, I have found myself outvoted and in
a minority, but it helps to recall the words of Justice Ruth Bader
Ginsburg who has spoken about the satisfaction in crafting a strong
dissenting opinion with the hope or expectation that it will become the
prevailing majority opinion.
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I am reminded of many shortcomings and work unfinished. Others may
succeed in reviving the Office of Technology Assessment to provide
Congress with badly needed assistance. Others remaining in Congress may
move our country appreciably toward more sustainable practices. My
colleagues here may yet reform the intelligence community. And acting
with the recognition that peace is the best security, others may work
to move our Nation away from militaristic responses to so many
problems.
Again, this work over 16 years has been an honor and a great
satisfaction. I thank my family and my staff. Especially, I thank the
people of central New Jersey for this opportunity to serve.
Mr. Speaker, I yield back the balance of my time.
____________________