On the recordNovember 8, 2005
while watching the nightly news last night, I was shocked by the stories being reported or, more accurately, by those stories that were not being reported. What, you say. Well, during the month of October we added over 50,000 jobs to our economy. Hurricanes Katrina, Rita, and Wilma wreaked havoc in cities across our gulf coast, displacing hundreds of thousands of people from their homes and jobs. During this time, our economy was still able to continue to grow in the face of these tragic events. Our Republican policies worked to stimulate the economy. Job creation averaged 194,000 per month for the year prior to Hurricane Katrina. Third quarter GDP increased by 3.8 percent, capping 10 quarters of growth in a row. Yet you would not know it unless you searched deep past the front pages of your local papers. There have been increases in new and existing home sales, declines in unemployment, and increases in business investment. All good news. Mr. Speaker, an examination of the facts makes it quite clear. Republicans have a plan to reform the Federal Government and increase savings for all the American people. ____________________
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