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Public Statements

Industrial Output is Example of Economic Growth

Floor Speech

By:
Date:
Location: Washington, DC

s. WASSERMAN SCHULTZ. Mr. Speaker, America has been through tough times before, but we've always pulled together as a Nation to overcome our challenges.

Just over 1 year ago, Democrats came together and faced the challenges that we were handed by the mismanagement of the Bush Republicans. Faced with massive job losses exceeding 700,000 a month just over 1 year ago, we passed the American Recovery and Reinvestment Act; and, since that time, we've reversed the job losses and spurred economic growth.

One only needs to look at America's manufacturing sector to see the progress that we're making. American industrial production has increased a cumulative 6.8 percent during the past 10 months, the largest 10-month gain since 1997.

Total industrial production continued to increase last month. Together with last month's jobs report, this suggests a strong start for the second quarter. The increase, which was slightly above market expectations, was led by a strong 1 percent growth in manufacturing output.

As Americans, we can do it. We can turn our economy around. We have a ways to go, but we can get America back on track and, together, we are doing just that.

And that's just the way it is.


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