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Herger Lauds Strong
Economy, Pro-growth Policies
October 6, 2006
Congressman Wally Herger today
commented on positive news among several key economic indicators. The
September jobs report, released yesterday, indicated that 51,000 new jobs
were created during the month. The national unemployment rate fell to
4.6%, which is lower than the average rate of the 1970s, 1980s, and 1990s.
Further, the Dow Jones Industrial Average closed at 11,866.69 on Thursday,
an all-time high, and the Congressional Budget Office projected that the
fiscal year 2006 deficit will be $121 billion less than its initial forecast.
Herger had the following reaction:
"This week's positive
economic news further demonstrates that the U.S. economy remains robust,"
Herger stated. "Nearly 6 million new jobs have been created since
Congress passed substantial tax relief in 2003, causing the national unemployment
rate to dive from over 6 percent, to 4.6 percent today. We must continue
working to create jobs and foster economic growth locally, but these numbers
tell us that our pro-growth policies focusing on lower taxes and less
government regulation are working."
"Our nation's strong economic
growth and job creation have led to surging tax revenue, even as tax rates
have been dramatically reduced. Work remains in reining in federal spending,
but now is not the time to raise taxes as some would suggest. Instead,
we must continue the pro-growth policies that have triggered entrepreneurship,
strong job creation, and a declining deficit," concluded Herger.
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