over the past few months, my colleagues on the other side of the aisle have come to the Senate floor in a vain effort to convince America that we are worse off than we were 4 years ago. They offer a pessimistic litany of distorted statistics to discredit the measurable progress America has made in the last 4 years. Just last Friday, the minority leader came to the Senate floor to cast a negative light on America's astonishing rebound from the triple shock of terrorist attacks, corporate scandals, and a recession inherited from the Clinton administration. It is critical that the American people know the truth. Far from the other side's woeful depiction, America is moving forward and gaining strength. We have been tested, and we have proven ourselves to be a tough, resilient and resourceful nation. America remains the economic engine of the world. While our European friends struggle with double digit unemployment, America's unemployment rate is at historic lows and dropping. Are we better off? Four years ago, President Bush inherited an economy that measured $9.8 trillion. Today, the economy has grown almost $1 trillion more. Are we better off? Four years ago, President Bush inherited an economy that was the equivalent to roughly $25,000 for every person. Today, that number has grown to nearly $30,000.
Editor's note · Context
Discussing economic progress and rebutting criticism of the Bush administration's economic policies.
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