[Congressional Record (Bound Edition), Volume 152 (2006), Part 8]
[House]
[Page 10247]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           MOVING THE ECONOMY

  (Mr. KINGSTON asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. KINGSTON. Mr. Speaker, in 2003, our country was in a very tough 
recession. George Bush took a bold step to reduce taxes. Now, the 
Democrats did not like to have tax cuts, because they like to spend 
your money, because they actually believe that the wisdom in Washington 
is better than the wisdom on Main Street, America. But as a result of 
tax reduction, we now have five million new jobs since 2003 that have 
been created.
  The unemployment rate is at 4.6 percent, 4.6 percent. That is lower 
than the unemployment rate was on average in the 1990s, the 1980s, the 
1970s, and the 1960s. Sixty-nine percent of Americans own their own 
house now. It is a historic high not just for the United States of 
America, but for any country. Fifty-two percent of Americans are 
invested in the stock market, creating wealth for their themselves. The 
interest rates are down and the mortgage rates have remained 
competitive.
  The economy is moving because of Bush economic policies. The last 
thing we need to do right now is increase taxes and throw these great 
economic policies out the door.

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