[Congressional Record (Bound Edition), Volume 150 (2004), Part 8]
[House]
[Page 10101]
[From the U.S. Government Publishing Office, www.gpo.gov]




                          ECONOMIC INDICATOR?

  (Mr. EMANUEL asked and was given permission to address the House for 
1 minute.)
  Mr. EMANUEL. Mr. Speaker, on April 24, President Bush visited the 
Timken Company, a plant in Canton, Ohio. He touted there his economic 
program and his tax cuts. Just the other day in Timken, Ohio, they 
closed the plant, firing 1,300 employees.
  The President went on to say on his visit that his tax cut would end 
the double taxation of stock dividends which would mean, and I quote 
the President, ``companies like Timken have got a better capacity to 
expand, more jobs.'' He went on to say, ``We can do whatever it takes 
to overcome the obstacles in our way. I know you're optimistic about 
the future of this company.''
  Three tax cuts, $3 trillion in debt, 3 more million Americans without 
jobs, 3 more million Americans in poverty since he has been President, 
and 43 million uninsured Americans. I am not sure we can afford this 
much progress in America. After announcing his tax cut in Timken, Ohio, 
the other day, just 2 days ago, the executive closed the plant firing 
1,300 workers.
  We can do better. There is a new direction in America that puts 
working families at the center of our economic policies rather than 
dividend tax cuts for contributors who support the President's 
reelection.

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