[Congressional Record (Bound Edition), Volume 151 (2005), Part 19]
[House]
[Pages 25299-25300]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1015
                       AMERICA'S ECONOMY GROWING

  (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, last Friday, it was 
reported that U.S. productivity grew at the fastest clip in more than a 
year, signaling a steady growth of the economy. Non-farm business 
productivity surged at a 4.1 percent annual rate. The increase exceeded 
economists' expectations and was almost twice that of the prior 
quarter.
  This has caused a gauge of inflationary pressure to drop. When 
productivity rises smartly, employers can raise and boost wages without 
fueling inflation. Increasing productivity helps

[[Page 25300]]

us compete with China so that we can export more to China.
  I believe this success is due to the tax cuts enacted by President 
Bush. The Bush policies have caused the gross domestic product to surge 
by 3.8 percent. It has created over 4 million jobs. The stock market 
has appreciated over $6 trillion. There is a record percentage of 
homeownership; and, for the first time ever, over 50 percent of 
minorities own their own homes.
  I appreciate President Bush's leadership. I look forward to more 
successes.
  In conclusion, God bless our troops, and we will never forget 
September 11.

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