On the recordJuly 20, 2004
I believe that the U.S. economy is on the right track. The economy is growing, payroll employment is up, and new and existing home sales set new record highs in May. This is good news.
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congress.govI believe that the U.S. economy is on the right track. The economy is growing, payroll employment is up, and new and existing home sales set new record highs in May. This is good news.
Senator Allard shares positive views on the U.S. economy's performance.
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However, we cannot take the positive economic news for granted; Congress needs to do more to continue to promote a healthy economy.
Thank you, Chairman Shelby, for convening this important hearing. I always look forward to the opportunity to hear from Chairman Greenspan.
Recognizing that fiscal policy is far less powerful than monetary policy in influencing Gross Domestic Product growth and employment, Congress must do its part by pursuing policies of low taxation, limited Federal regulation and free trade…