Bobby Scott: “the gentlemen on the other side are right, we have charts. Because you can see what is going on with a chart. We have…”

“the gentlemen on the other side are right, we have charts. Because you can see what is going on with a chart. We have been lectured by those who have created these red lines. The Democratic plan is the blue line, and this is what has happened in the last 6 years: the red line. We are being lectured by people who have put us in the ditch. In fact, the Republican policies turned a $5.5 trillion surplus into approximately a $3 trillion deficit, deterioration of the budget of about $8.5 trillion. Now, the $500 billion we have spent on the war is about 0.5; $8.5 trillion deterioration, 0.5 on the war. Now, they say we have stimulated the economy. This is the change in the Dow Jones Industrial Average: Reagan's first term; Reagan's second term; Bush I's term; Clinton; Clinton, 4 years. In 6 years, the Dow has not increased as much as it had in each of the previous 4 years back through the Reagan administration. So there has been no economic growth. They brag about job growth. Add them up: Tied for last place since Herbert Hoover. Now, they keep talking about this 2003 tax cut. You ought to talk about the 2001 tax cut, add up all the jobs through the tax policy: worst since Herbert Hoover. We can do better than that. We don't want to be lectured by those who put us in the ditch. We need to make sure that we have good economic growth, good tax policy, balance the budget, and go forward.”