[Congressional Record (Bound Edition), Volume 151 (2005), Part 18]
[House]
[Page 24749]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      THE AMAZING AMERICAN ECONOMY

  (Mr. PRICE of Georgia asked and was given permission to address the 
House for 1 minute.)
  Mr. PRICE of Georgia. Madam Speaker, if you were to listen to many 
folks in this Chamber, you would think there was absolutely no good 
news to be heard anywhere. With the challenges this Nation has faced 
over the past couple of months, the economy ought to be in awful shape. 
Right?
  Madam Speaker, there is news that you just will not see on the major 
television stations or read in the newspapers, the one success of our 
economy, the amazing American economy. The gross domestic product, the 
most clear measure of our economic activity, rose by 3.8 percent in the 
third quarter. That is an increase of 3.8 percent. That is in spite of 
Katrina and Rita and all the damage that they brought to our shores. 
The past 10 quarters have been phenomenal. That is 2\1/2\ years. Growth 
during that time has been greater than 3 percent in every quarter and 
more often more than 4 percent. That is good news.
  And the deficit? Well, that has improved as well, decreasing nearly 
$100 billion in the last fiscal year alone. That is good news.
  Madam Speaker, Republicans have a plan to reform the government in 
order to achieve savings for the American people. I urge my colleagues 
to embrace the good news in our plan.

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