[Congressional Record (Bound Edition), Volume 152 (2006), Part 7]
[House]
[Pages 9724-9725]
[From the U.S. Government Publishing Office, www.gpo.gov]




                            WAGES IN AMERICA

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute).
  Mrs. MALONEY. Madam Speaker, the administration continues to mislead 
the American people about the economy. They boast about how fast wages 
are growing while ignoring the devastating impact on the real 
purchasing power of those wages, from higher gasoline prices and other 
increases in the cost of living.
  Treasury Secretary Snow was befuddled at a hearing before the 
Financial Services Committee when the ranking member, Barney Frank, 
asked him whether the data he cited on wages had taken inflation into 
account. It turns out, they had not, and his statistics were 
meaningless.
  The fact is real wages have stagnated for the last 3 years, and this 
administration's policies are not working to benefit ordinary working 
Americans.

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