[Congressional Record (Bound Edition), Volume 156 (2010), Part 8]
[House]
[Page 10690]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             AMERICAN JOBS

  (Mr. DAVIS of Tennessee asked and was given permission to address the 
House for 1 minute.)
  Mr. DAVIS of Tennessee. Mr. Speaker, I want to talk about jobs: where 
we were, where we are, and where I hope that we will be in the next 10 
years.
  In the last 3 months of 2008, we lost an average of approximately 
650,000 jobs per month. The first quarter of 2009 saw us lose over 
700,000 jobs per month. In the first quarter of 2009, our economy 
shrunk by 6.4 percent.
  We have stopped the bleeding. We have added jobs in six of the last 7 
months, averaging almost 200,000 jobs, the majority originating in the 
private sector. If this pace continues, this administration will have 
added more jobs in 1 year than the previous Bush administration did in 
8 years. I repeat, 1 year compared to 8 years. Our economy grew by 3 
percent for 3 straight quarters of economic growth, 9 percent in 12 
months. After February of 2009, household wealth grew for 10 straight 
months, regaining nearly 30 percent, $5 trillion of the $17.5 trillion 
of household wealth wiped out during the former Bush administration in 
its final 18 months.
  We have stopped the bleeding. The economic policies of this Congress 
is investing in America. There is no snap-your-finger fix to our 
economy.

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