Jeb Hensarling: “thanks to President Bush's economic growth plan passed by Republicans in Congress, I am very pleased to relay even more…”

“thanks to President Bush's economic growth plan passed by Republicans in Congress, I am very pleased to relay even more good news about America's expanding economy, growing jobs gains, and shrinking Federal deficit. First, our economy grew at 3.8 percent in the first quarter. This is the 14th consecutive quarter of growth and one of the strongest growth performances in years. Secondly, a recent Congressional Budget Office report shows yet another decline in the Federal deficit due to this economic growth. The deficit is down about $100 billion. More good news. The unemployment rate has now declined to 5 percent, the lowest level since that tragic day on 9/11. Over the last 2 years, more than 3.7 million new jobs for the future have been created in America. These encouraging reports show once again that the tax relief for families and small businesses which President Bush and the Republican Congress passed is paying dividends: more jobs, higher incomes, and a lower deficit. ____________________”