[Congressional Record (Bound Edition), Volume 152 (2006), Part 12]
[House]
[Pages 15675-15676]
[From the U.S. Government Publishing Office, www.gpo.gov]




 ADMINISTRATION'S ECONOMIC POLICIES FALL SHORT OF CLAIMS ACCORDING TO 
                               NEW REPORT

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Mr. Speaker, the Bush Administration and Washington 
Republicans continue to tout the success of their economic policies. 
But their economic record actually falls far short of their rhetoric.
  This week, the Democratic staffs of the House Budget Committee and 
the Joint Economic Committee released a report showing that employment 
growth is at its lowest levels since the Eisenhower administration, 
while inflation-adjusted wages have decreased by 1.3 percent since 
August of 2003, when the economy stopped losing jobs.
  Today, the average American worker is spending more hours on the job 
for less pay. According to the report, median annual household income 
has decreased by $1,700 after accounting for inflation since President 
Bush took office back in 2001.

[[Page 15676]]

  While the wealthiest have been rewarded with tax breaks, middle-class 
workers are really feeling the pinch. Stagnant wages are making it 
difficult for them to pay for rising housing, health care and gas 
bills.

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