[Congressional Record Volume 164, Number 128 (Monday, July 30, 2018)]
[Senate]
[Pages S5441-S5442]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            ECONOMIC GROWTH

  Mr. McCONNELL. Mr. President, on a final matter, on Friday, the 
Commerce Department reported some outstanding news. In the second 
quarter of 2018, the real gross domestic product of the United States 
grew by 4.1 percent. This number is just the latest point in a long 
series of evidence that shows the American economy is thriving.

[[Page S5442]]

  As I have pointed out, it is a mistake to view this growth--and the 
new prosperity for American families that it entails--primarily as an 
achievement of government. It is the American worker, the American job 
creator, and the American entrepreneur who has grown our economy faster 
than 4 percent this quarter, who has driven the number of Americans 
filing for unemployment benefits to its lowest level in over 48 years 
and created 3.7 million jobs since the 2016 election, and who has 
repatriated more than $300 billion from overseas in the first quarter 
of this year alone, according to the Commerce Department, bringing that 
money home to our country.
  This is what free enterprise can achieve when Washington, DC, stops 
raising taxes, stops micromanaging the economy through the sprawling 
regulatory State, and stops presuming it is better to funnel money and 
power to bureaucrats than to trust hard-working families and small 
business owners to live their own lives. So it is the American people 
who deserve the credit for the successes of their economy.
  Here is what this united Republican government is doing: cutting 
their taxes, rolling back the redtape, and mowing down one hurdle after 
another that has held our country back.
  I suggest the absence of a quorum.
  The PRESIDING OFFICER. The clerk will call the roll.
  The legislative clerk proceeded to call the roll.
  Mr. SCHUMER. Mr. President, I ask unanimous consent that the order 
for the quorum call be rescinded.
  The PRESIDING OFFICER. Without objection, it is so ordered.

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