[Congressional Record Volume 168, Number 8 (Wednesday, January 12, 2022)]
[House]
[Page H74]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       MOVING THE ECONOMY FORWARD

  (Mr. SCHNEIDER asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. SCHNEIDER. Mr. Speaker, I rise to reflect on the remarkable 
progress of our Nation's economy over the previous 12 months in what I 
suspect history will label the Biden boom.
  The progress achieved in 2021, helped along by the American Rescue 
Plan, is unmatched in American history. Our economy is growing at its 
fastest rate in 40 years. The Nation added 6.4 million new jobs, and 
unemployment is now at 3.9 percent, representing the sharpest ever 1-
year decline.
  J.P. Morgan CEO Jamie Dimon recently said: ``The consumer balance 
sheet has never been in better shape,'' predicting continued 
extraordinary growth.
  A Bloomberg analysis found that President Biden's first year is 
ranked either first or second among Presidents for, among other things, 
GDP growth, S&P 500 performance, nonfarm payrolls, manufacturing jobs, 
and business productivity.
  I recognize we still have real challenges, including worker 
shortages, supply chain disruptions, and inflation. But working 
together, Congress and President Biden are positioned to move our 
economy forward and get us through this pandemic stronger than when we 
went in.
  Whether Republican, Democrat, Independent, or anything else, every 
American should be celebrating the resilience of the American spirit.

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