[Congressional Record (Bound Edition), Volume 156 (2010), Part 7]
[House]
[Page 9428]
[From the U.S. Government Publishing Office, www.gpo.gov]




       BUSINESS ECONOMIC HISTORY THAT MIGHT MAKE PINOCCHIO BLUSH

  (Mr. CONNOLLY of Virginia asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. CONNOLLY of Virginia. Mr. Speaker, yesterday we heard some 
business economic history that might make even Pinocchio blush.
  Our friends on the other side of the aisle sometimes want the public 
to forget we inherited an economy in free fall last January. GDP had 
plummeted 5.4 percent and 741,000 Americans lost their jobs that month. 
This Congress took decisive action to halt that downward spiral known 
as the Great Recession.
  Those efforts are yielding results today, fostering 290,000 jobs last 
month, 600,000 jobs so far this year, on a track to create more jobs 
this year than in the previous 8 years under their rule. In my Virginia 
district alone we created 4,000 jobs last month and saw the 
unemployment rate drop.
  The national economy has posted positive growth in each of the last 
three-quarters, jumping 5.6 percent alone in the first quarter. Mr. 
Speaker, our Republican colleagues continue to advocate for the 
bankrupt policies that previously drove our Nation into the economic 
ditch. We have chosen a new path, and it's those actions and 
investments that are putting Americans back to work today.

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