Jim Saxton: “Mr. Chairman, the facts bear out that the economy is growing. Like the previous speaker, I wish that jobs were growing…”

“Mr. Chairman, the facts bear out that the economy is growing. Like the previous speaker, I wish that jobs were growing faster, and I believe they will. But the previous speaker's examples were not exactly examples that I would have used. For example, to compare this recession to the Great Depression I find, I guess I would say amusing to a certain extent, because while we know that the unemployment rate today is at 5.6 percent and topped out at 6.3 percent in this recession, the unemployment rate during the Great Depression was 25 percent. So I think that is a rather poor example, and I think goes to show the extent and the lengths to which the minority will try to bend things to make their story look like the one that they would like the American people to believe. A lot has been said about tax rates. One of the charges that has been made about our tax policy and our tax cut, and the last speaker repeated it again for the last of many times today, is that when we reduced taxes for the American people, when we did away with the marriage tax penalty, when we created the child tax credit, when we passed the other tax cuts that provided for economic growth, we created the deficit. Well, I would like to show one final chart which demonstrates that that is not true either.”