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This is Not a Failed Economy

Date: June 19, 2008
Location: Washington, DC
Issues: Oil and Gas


THIS IS NOT A FAILED ECONOMY -- (House of Representatives - June 19, 2008)

(Ms. FOXX asked and was given permission to address the House for 1 minute.)

Ms. FOXX. Madam Speaker, this is not a failed economy. We are not in a recession. What a shame that Democrats want to talk down the economy.

Under a Democratic President, 6 percent unemployment was considered full employment. Unemployment now is 5.5 percent, not indicative of a failed economy. What is a problem are high gas prices brought to us by a failed Democratically controlled Congress, failed Democratically controlled Congress, a do-nothing-to-reduce-gas-prices Democratically controlled Congress.

Americans want us to do something to reduce gas prices, but Democrats continue to stonewall because they think they can blame President Bush and help themselves. What a shame.

We can bring down prices by producing American energy products. Let's do it now.


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