Brian Higgins: “I thank the gentleman for yielding. I was listening intently to the other side extolling the virtues of nothing but a…”

“I thank the gentleman for yielding. I was listening intently to the other side extolling the virtues of nothing but a cynical assessment of the American economy when the American economy, in fact, needs investment. A couple of facts I want to clear up here, if the United States economy had grown at the increased rates seen under Democrats since 1933, the average income of Americans would be more than double than it currently is today. Economic growth since 1933: 4.6 percent under Democrats; 2.4 percent under Republicans. Annual jobs increases since 1933: Under Democrats, 2.8 percent; under Republicans, 1 percent. Since 1962, Democrats created 21 million more jobs than Republicans. Ten of 11 of the United States recessions between 1953 and 2000 began under Republicans administrations. George Bush I, a Republican, created a $300-billion deficit. William Clinton, a Democrat, wiped out the entire deficit and left the next administration, Bush II, with a $300-billion surplus. Bush II turned that into a $1.3-trillion deficit. Obama, a Democratic President, cut that deficit to $600 billion.”