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America's Economy is Booming

Location: Washington, DC

AMERICA'S ECONOMY IS BOOMING -- (House of Representatives - March 01, 2006)

(Mrs. BLACKBURN asked and was given permission to address the House for 1 minute and to revise and extend her remarks.)

Mrs. BLACKBURN. Madam Speaker, our economy is booming. I know that may come as a surprise to some of our colleagues across the aisle, and certainly to some of the mainstream media. But our unemployment rate is now at 4.7 percent, and that is lower than the average unemployment rate in the 1970s, the 1980s, and the 1990s. Yes, lower than each of those decades.

And where are the headlines that would praise the smart tax plan that helped to get us there? In January, America created 193,000 new jobs. That is 2 million new jobs in just over the past year.

4.7 million new jobs in the past 30 months. Republicans are not going to play I-told-you-so, but it is pretty obvious that the tax reductions passed in 2003 helped Americans dig out of a recession and get back to work. We will keep on pushing that sort of fair, flatter, simpler tax code that Main Street America needs to keep creating great jobs.

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