Bush Economic Boom in Full Swing

Jun 2, 2004
Press Release
Today, Congressman Joe Wilson (R-S.C.) made the following remarks from the House Floor: “Mr. Speaker, in this past Sunday’s Washington Times, the highly revered economist Lawrence Kudlow spelled out very clearly how President George W. Bush’s strong economic policies have produced sustained surge in the economy,” said Congressman Wilson. “Mr. Kudlow rightly said that, “Over the past year, following the enactment of the president's tax-cut plan, real economic growth has increased 5 percent with only 1.6 percent inflation. After-tax profits have increased 37 percent… business spending on equipment and software has grown 12.5 percent. Since last August, 1.1 million jobs have been created. Spendable income has increased 4.9 percent... and consumer spending is up 4.3 percent.” Watch Video “Indeed, not since Ronald Reagan was president has our economy grown faster. There can no longer be any question what affect lower taxes have on the economy. When Americans have more of their own money to spend and invest, the economy soars. “President Bush should be proud that despite the battles he faced in making these tax cuts reality; his vision for more jobs and a prosperous America has come true. “In conclusion, may God bless our troops, and we will never forget September the 11th,” said Congressman Wilson. ###