[Congressional Record (Bound Edition), Volume 149 (2003), Part 20]
[House]
[Page 28163]
[From the U.S. Government Publishing Office, www.gpo.gov]




                REPUBLICAN TAX RELIEF SPURS JOB CREATION

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, yesterday we learned that 
jobless claims dropped to a 2\1/2\-year low, further signifying the 
success of the Republican tax relief championed by President George W. 
Bush. This follows last week's historic news that the economy is 
growing at the highest rate in nearly 20 years, as the GDP grew by 7.2 
percent in the last quarter.
  Last week was the fourth straight week in which jobless claims were 
below 400,000, as claims dropped to 348,000. In headlines across 
America today, Federal Reserve Chairman Alan Greenspan said of the 
decrease in jobless claims, that ``the odds increasingly favor a 
revival in job creation.'' As Democrats continue to try to talk down 
the economy, the news of the recovery is just too clear to ignore: 
126,000 new jobs in October were announced this morning.
  Republican policies of tax relief, fiscal discipline, corporate 
accountability, and national defense to protect American families from 
terrorists have restored our Nation's confidence and promoted a healthy 
business environment.
  In conclusion, God bless our troops.

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