On the recordJanuary 13, 2015
Indeed, the very authors of this study have since repudiated its use in policy debates, and any of their claims should be discredited as ideologically driven. Under President Obama, the economy has roared back to life. Unemployment is falling at the fastest rate in three decades. Consumer and business spending have catalyzed the most growth in over a decade. Our Nation's gross domestic product grew at 5 percent between July and September last year--the fastest since 2003--and that will continue to grow throughout this year. Granted, the bottom 99 percent of Americans have not felt the economic uptick that the top 1 percent have enjoyed, but that fact is not due to the cost of regulation but, rather, stagnant wage growth. Mr. Chairman, it is clear that our economy is growing at its fastest rate. I would ask that my amendment, which has been ruled to be in order, will rule the day. I ask for your support.
