[Congressional Record (Bound Edition), Volume 152 (2006), Part 2]
[House]
[Pages 2779-2780]
[From the U.S. Government Publishing Office, www.gpo.gov]




                     THE BARE FACTS ON THE ECONOMY

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, I am getting a bit tired of hearing some of my 
colleagues in the Democrat Party mislead the American people into 
thinking our economy is in poor shape. Here are the facts, plain and 
simple.
  Our economy has been growing for 17 straight quarters. The National 
Association for Business Economics predicts the economy will grow at a 
4.5 percent rate in the first quarter of 2006. After inflation, 
disposable incomes increased 2.2 percent in the last 12 months. The 
Federal Reserve reported that the median net worth of U.S. households 
increased 1.5 percent between 2001 and 2004. January's unemployment 
rate fell to 4.7 percent, which is the lowest monthly rate since 2001 
and lower than the average of the 1970s, 1980s and 1990s. There have 
been 29 consecutive months of job gains.
  Mr. Speaker, no amount of spin from the left can change the fact that 
our economy is growing stronger every day under Republican leadership.

[[Page 2780]]



                          ____________________