[Congressional Record (Bound Edition), Volume 151 (2005), Part 21]
[House]
[Page 29053]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        ECONOMIC JOY TO AMERICA

  (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, Republican fiscal policies 
continue to spread tidings of economic joy to families throughout our 
country.
  Yesterday, the U.S. Labor Department reported that consumer prices 
plummeted last month by 0.6 percent, the largest decrease since 1949. 
Energy prices alone have dropped by 8 percent. These strong economic 
indicators are only a sample of gifts created by low taxes and 
decreased government regulations.
  Additionally, 4.5 million new jobs have been created. More Americans 
are working than ever before in our Nation's history. The unemployment 
rate is lower than the average of the past three decades. The economy 
grew at 4.3 percent over the last 10 quarters. Tax receipts increased 
by $247 billion in just 1 year after the Bush tax cuts, the largest 
increase ever. Home sales reached a record high in October. 
Productivity soared in the last quarter by 4.7 percent, reducing fears 
of inflation.
  We will continue to enact economic policies to help all Americans.
  In conclusion, God bless our troops. We will never forget September 
11 and the courageous Iraqi voters.

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