[Congressional Record Volume 165, Number 74 (Monday, May 6, 2019)]
[Senate]
[Page S2626]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
Economic Growth
Mr. CORNYN. Mr. President, it is no secret that our economy has
broken some pretty amazing records lately. Last week's job report
surpassed all estimates and expectations, with a whopping 263,000 jobs
created in April alone. The first quarter saw 3.2 percent growth, which
is the best in 4 years.
I still recall, back during the previous administration, when we were
told that 2 percent growth was the new normal and that we could never
grow our economy the way we have seen in recent months. Obviously, 2
percent growth is not the new normal for the American economy. We all
ought to be relieved and comforted by that fact.
The unemployment rate has dropped to 3.6 percent--the lowest level in
nearly half a century. Everybody who is able-bodied and willing to work
and willing to be trained for jobs that pay well I believe has an
opportunity to do so these days. There is no doubt that this is an
incredible time for our economy, and I am confident that the pro-growth
policies that we have brought to the table during this administration
and during a Republican majority in the House and the Senate will
continue to bring real benefits to families across the country. But we
have also broken another record, one that has a much more negative
impact, and that is especially in my State of Texas.