On the recordNovember 3, 2005
if you were to listen to many folks in this Chamber, you would think there was absolutely no good news to be heard anywhere. With the challenges this Nation has faced over the past couple of months, the economy ought to be in awful shape. Right? Madam Speaker, there is news that you just will not see on the major television stations or read in the newspapers, the one success of our economy, the amazing American economy. The gross domestic product, the most clear measure of our economic activity, rose by 3.8 percent in the third quarter. That is an increase of 3.8 percent. That is in spite of Katrina and Rita and all the damage that they brought to our shores. The past 10 quarters have been phenomenal. That is 2\1/2\ years. Growth during that time has been greater than 3 percent in every quarter and more often more than 4 percent. That is good news. And the deficit? Well, that has improved as well, decreasing nearly $100 billion in the last fiscal year alone. That is good news. Madam Speaker, Republicans have a plan to reform the government in order to achieve savings for the American people. I urge my colleagues to embrace the good news in our plan. ____________________
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