[Congressional Record (Bound Edition), Volume 152 (2006), Part 1]
[Senate]
[Pages 646-647]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 ECONOMIC RESULTS SPEAK FOR THEMSELVES

  Ms. FOXX. Mr. Speaker, I ask unanimous consent to take the time of 
Mr. Mack.
  The SPEAKER pro tempore. Is there objection to the request of the 
gentlewoman from North Carolina?
  There was no objection.
  The SPEAKER pro tempore. Under a previous order of the House, the 
gentlewoman from North Carolina (Ms. Foxx) is recognized for 5 minutes.
  Ms. FOXX. Mr. Speaker, I first want to commend the gentleman from 
Florida (Mr. Weldon) for bringing this exciting news about adult stem 
cell success to us. Last week, Congresswoman Nancy Johnson and I had 
the opportunity to visit again Wake Forest Medical Center's 
regenerative medicine program, where they are doing some absolutely 
wonderful things from adult stem cells, and I hope sometime in the 
future soon to bring some information about that program.
  But, Mr. Speaker, tonight I want to talk about some other good news. 
While we were working in our districts for the past month, good 
economic news continued to pour in, thanks to the Republicans' fiscal 
restraint and pro-growth economic agenda. In fact, our unemployment 
rate is lower than the average of the 1970s, 1980s, and 1990s; and 
earlier this month, the Dow Jones Industrial Average closed above 
11,000 for the first time since the 2001 terrorist attacks. In 
addition, new-home sales reached an all-time high in 2005. Finally, it 
was just reported that consumer confidence has risen this month to the 
highest level since June of 2002.
  The great economic news flies in the face of the Democrats' message 
of doom and gloom. Before the district work period, Republicans passed 
a Deficit Reduction Act, which was a plan to reform the government and 
yield savings for American taxpayers. Fortunately, today we passed this 
bill again,

[[Page 647]]

modified slightly by the Senate; but it was with no support from the 
Democrats. Once again, we show that Republicans are indeed the party of 
fiscal restraint.
  Mr. Speaker, Republicans will continue to push for pro-growth 
economic policies aimed at ensuring that all Americans can realize the 
American Dream.

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