Tom Price: “Let me just share a few more charts with my colleagues, because I think these charts just speak loudly. They say a…”

“Let me just share a few more charts with my colleagues, because I think these charts just speak loudly. They say a picture is worth a thousand words, and these charts can say it so much better than I can. This shows again the jobs as it relates to the unemployment rate since the tax cuts took effect. So again, we have jobs that we see in this line down below here, the green line as it heads up; unemployment rate in the red line, and time across the bottom. So the tax cuts take effect right here. Job growth is relatively low. Continued upward increase in the amount of jobs. And in terms of the rate of unemployment, topped off in early 2003, and since then, has been steadily declining. In fact, we are now at an unemployment rate in this Nation of 5 percent, which many economists will tell you is full employment; that people are changing jobs or moving or from between one position or another, that 5 percent unemployment is virtually full employment. The unemployment rate right now is less than, less than the average unemployment rate for the 1970s, for the 1980s, and everybody remembers the boom time in the 1990s, for the entire decade of the 1990s. Less than the average rate right now for those decades. So I think that demonstrates clearly exactly what happens when you decrease taxes. And the wonder and the beauty of our economy is that it responds so consistently and so clearly and really so quickly.…”