I just got word that after returning from the National Catholic Prayer Breakfast this morning, President Bush will make a statement on the economy at approximately 9:40 a.m. in the White House.
Considering all the positive economic news that has been coming out recently, and how little it is reported, I am not suprised...
THE PRESIDENT: Good morning. This morning's economic report shows that America's growing economy added 211,000 jobs in the month of March. The American economy has now added jobs for 31 months in a row, created more than 5.1 million new jobs for American workers. The unemployment rate is now down to 4.7 percent -- that's below the average rate of the 1960s, 1970s, 1980s and 1990s.
These millions of new jobs are evidence of an economic resurgence that is strong, broad and benefiting all Americans. Real after-tax income has grown by more than 8 percent per person since I took office. That means, on average, Americans have an income that is $2,100 higher this year than it was in 2001, after adjusting for inflation.
More Americans own their homes than at any time in history. Minority home ownership has reached record levels. Consumer confidence is at its highest point in nearly 40 years, productivity is high, inflation is contained, manufacturing activity is growing and the small business sector is thriving.
The economy has expanded for 17 straight quarters. And last year the American economy grew at a healthy rate of 3.5 percent. That's the fastest rate of any major industrialized economy.
These gains are the result of the energy and the effort of American workers, small business owners and entrepreneurs. They are also the result of pro-growth economic policies. The tax cuts I signed left $880 billion with our nation's workers, small business owners and families. They've used that money to fuel our economic resurgence.
Not everyone in Washington agreed with the decision to let people keep more of their own money. On the day that Republicans in the House and Senate were finalizing the 2003 tax cuts, one Democratic leader said these cuts would "do nothing to create jobs." Facts have proven the critics wrong 5.1 million times over.
Tax relief has done exactly what it was designed to do -- it's created jobs and growth for the American people. Yet some are now proposing that we raise taxes, either by repealing the tax cuts or letting them expire. These are the same politicians that told us that letting Americans -- letting America's working families keep more of their own money would be irresponsible, reckless and shameful. They were wrong then, and they are wrong now. Our economy grows when the American people make the decisions about how to save spend and invest their money. To keep our economy creating jobs and opportunity, Congress needs to show its trust in the American people and make the tax relief permanent.
Congress also needs to restrain spending so we can stay on track to cut the deficit in half by 2009. And if necessary, I will enforce spending restraint through the exercise of the veto. The American people expect their leaders to address other key leaders [sic] that directly affect their family budgets and bottom line, especially health care and energy.
When the cost of energy and health care rise, families are squeezed and small businesses suffer. I proposed practical reforms that would make health care more available and affordable. I put forward an energy initiative that will make our dependence on Middle Eastern oil a thing of the past. I've also laid out a plan to make America more competitive by increasing our investment in scientific research, encouraging research and development in the private sector, and improving math and science education.
I urge the Congress to move forward on all these important priorities so we can keep America the economic leader of the world and allow more families and small businesses to realize the American Dream.
Thank you for your time.
Posted by Matt at April 7, 2006 08:48 AM
Trackback Pings
TrackBack URL for this entry:
http://www.blogsforbush.com/mt/president.cgi/6883
Comments
I wonder if he'll talk about whether he leaked sensitive documents to a New York Times reporter.
Posted by: mike bannen at April 7, 2006 09:11 AM
"Not everyone in Washington agreed with the decision to let people keep more of their own money. On the day that Republicans in the House and Senate were finalizing the 2003 tax cuts, one Democratic leader said these cuts would "do nothing to create jobs." Facts have proven the critics wrong 5.1 million times over."
What's that stooges name? Harry Reid?
"Yet some are now proposing that we raise taxes, either by repealing the tax cuts or letting them expire. These are the same politicians that told us that letting Americans -- letting America's working families keep more of their own money would be irresponsible, reckless and shameful. They were wrong then, and they are wrong now. Our economy grows when the American people make the decisions about how to save spend and invest their money."
Take that you socialists!
Posted by:
Republican Aficionado at April 7, 2006 10:38 AM
"Not everyone in Washington agreed with the decision to let people keep more of their own money. On the day that Republicans in the House and Senate were finalizing the 2003 tax cuts, one Democratic leader said these cuts would "do nothing to create jobs." Facts have proven the critics wrong 5.1 million times over."
What's that stooges name? Harry Reid?
"Yet some are now proposing that we raise taxes, either by repealing the tax cuts or letting them expire. These are the same politicians that told us that letting Americans -- letting America's working families keep more of their own money would be irresponsible, reckless and shameful. They were wrong then, and they are wrong now. Our economy grows when the American people make the decisions about how to save spend and invest their money."
Take that you socialists!
Posted by:
Republican Aficionado at April 7, 2006 10:38 AM
Bannen - GWB did not leak sensitive documents to the NYT == he has the authority as President and Commander and Chief to declassify information!
see http://www.whitehouse.gov/news/releases/2003/03/20030325-11.html
Posted by: semby at April 7, 2006 11:01 AM
The economic numbers are great and speak to the validity for permanent tax relief.
Posted by:
J. Morgan at April 7, 2006 11:20 AM
and semby he has the right to be hypocitical and deceitful. And the loyal opposition has the right to hold his feet to the fire when he is.
Remember all that gobblygook over finding out who leaked the information and dealing with him/her. Look in the mirror Mr. Bush. How do you plan to deal with it, sir?
Posted by: DeeCee at April 7, 2006 11:44 AM
DC,
I concur, while I accept the LA Times explanation that the declassification is in all probability perfectly legal, since when is that the only hurdle conservatives should achieve?
I thought Gore should have been held accountable over the “no controlling legal authority” disarray. I thought Clinton sidestepped many landmines because he was “technically” within the law.
Mr. Bush has some ‘splainin’ to do. And I don’t want to hear that the “law” gives him the right; what about the responsibility? There is a higher standard we should hold that office to, and I’m waiting to hear that Mr. Bush met that standard.
Posted by: Bane of Liberals' Existence at April 7, 2006 12:08 PM
Sorry,
Wrong thread, I'll re-post this on the correct one, do carry on.
Posted by: Bane of Liberals' Existence at April 7, 2006 12:14 PM
Posted by: dav at April 7, 2006 02:36 PM
Notice the liberals here have not one word against the economic news, just start in on something else.
Damn those tax cuts...they sure have crippled us.
LOL
Posted by: Warriornation at April 7, 2006 03:20 PM
Notice how the liberals have not one word on this great economic news but instead take it to another topic?
Speaks volumes.
Those tax cuts sure did cripple us as a nation and the economy in particular.
LOL
Posted by: Warriornation at April 7, 2006 03:22 PM
If this were a democrat in the Whitehouse this news would have been trumpeted throughout the land and the president would have been hailed as a genious of monumental proportions. On the other hand George Bush gets "W. House sidesteps questions on leak claim"
Posted by: Tom at April 7, 2006 04:25 PM
Well, WNation:
Our enormous debt to China is the "elephant in the room" that all the fast food jobs can never overcome.
Posted by: DeeCee at April 7, 2006 04:27 PM
DC,
Not only are you able to show yourself as a bitter partisan, you managed to show you have little understanding of international trade.
Try again; see if you can find some economic bad news to negate all the good news.
Posted by: Bane of Liberals' Existence at April 7, 2006 05:00 PM
Boon to liberals,
Please explaint to me how selling our souls to the Chinese so we can fight a war of our aggression is not bad news.
And I'm a bitter partisan, I'll admit. I am partisan to honesty, to non aggression, to the truth to name a few.
Posted by: Ash at April 7, 2006 07:28 PM
Seems to me that the subject was SUPPOSED TO BE about economic news. Interesting, isn't it, that almost all the critics posting comments on the original post seem to be obsessing on issues other than economic news...
I guess there's really not much to say about good economic news as far as the batty Dems are concerned, except...
[DREADFUL SILENCE]
Followed by:
[*&^??!!!]
LOL
Posted by:
dbogdan at April 7, 2006 08:06 PM
Selling our souls to the Chinese? Is this like how we "sold our souls to the Japanese" in the 1980's and the gloom and doomers were wrong then too?
Besides, when did Democrats ever get shy about selling things to the Chinese? Didn't Clinton and Gore sell a ton of our technological secrets to them?
LOL
Posted by: Warriornation at April 7, 2006 08:20 PM
The employment rate is one of the most distorted and unbelievable government statistics. So you just got laid off from GM or your tech job was outsourced to India? After your unemployment benefits are exhausted, you are not even counted anymore. You are nothing. Then, out of desperation, you take on 2 jobs to make ends meet. One delivering pizzas for Dominos, the other flipping burgers.
According to our wonderful unemployment stats, the ecomony has gained 2 jobs. Yippeee!
I see there is scant mention of the 125,000 impending layoffs at GM. No mention of the thousands of tech workers that lose their jobs because our government has colluded with corporate interests to up the the H1-B visa limits and increase outsourcing.
Of course, here at B4B, it's time to put some lip stick on the pig and call it a beauty queen! Who wants to kiss the pig?
Posted by: cookiecorp at April 8, 2006 08:20 AM
Post a comment
I wonder if he'll talk about whether he leaked sensitive documents to a New York Times reporter.
"Not everyone in Washington agreed with the decision to let people keep more of their own money. On the day that Republicans in the House and Senate were finalizing the 2003 tax cuts, one Democratic leader said these cuts would "do nothing to create jobs." Facts have proven the critics wrong 5.1 million times over."
What's that stooges name? Harry Reid?
"Yet some are now proposing that we raise taxes, either by repealing the tax cuts or letting them expire. These are the same politicians that told us that letting Americans -- letting America's working families keep more of their own money would be irresponsible, reckless and shameful. They were wrong then, and they are wrong now. Our economy grows when the American people make the decisions about how to save spend and invest their money."
Take that you socialists!
"Not everyone in Washington agreed with the decision to let people keep more of their own money. On the day that Republicans in the House and Senate were finalizing the 2003 tax cuts, one Democratic leader said these cuts would "do nothing to create jobs." Facts have proven the critics wrong 5.1 million times over."
What's that stooges name? Harry Reid?
"Yet some are now proposing that we raise taxes, either by repealing the tax cuts or letting them expire. These are the same politicians that told us that letting Americans -- letting America's working families keep more of their own money would be irresponsible, reckless and shameful. They were wrong then, and they are wrong now. Our economy grows when the American people make the decisions about how to save spend and invest their money."
Take that you socialists!
Bannen - GWB did not leak sensitive documents to the NYT == he has the authority as President and Commander and Chief to declassify information!
see http://www.whitehouse.gov/news/releases/2003/03/20030325-11.html
The economic numbers are great and speak to the validity for permanent tax relief.
and semby he has the right to be hypocitical and deceitful. And the loyal opposition has the right to hold his feet to the fire when he is.
Remember all that gobblygook over finding out who leaked the information and dealing with him/her. Look in the mirror Mr. Bush. How do you plan to deal with it, sir?
DC,
I concur, while I accept the LA Times explanation that the declassification is in all probability perfectly legal, since when is that the only hurdle conservatives should achieve?
I thought Gore should have been held accountable over the “no controlling legal authority” disarray. I thought Clinton sidestepped many landmines because he was “technically” within the law.
Mr. Bush has some ‘splainin’ to do. And I don’t want to hear that the “law” gives him the right; what about the responsibility? There is a higher standard we should hold that office to, and I’m waiting to hear that Mr. Bush met that standard.
Sorry,
Wrong thread, I'll re-post this on the correct one, do carry on.
well stated Bane!
Notice the liberals here have not one word against the economic news, just start in on something else.
Damn those tax cuts...they sure have crippled us.
LOL
Notice how the liberals have not one word on this great economic news but instead take it to another topic?
Speaks volumes.
Those tax cuts sure did cripple us as a nation and the economy in particular.
LOL
If this were a democrat in the Whitehouse this news would have been trumpeted throughout the land and the president would have been hailed as a genious of monumental proportions. On the other hand George Bush gets "W. House sidesteps questions on leak claim"
Well, WNation:
Our enormous debt to China is the "elephant in the room" that all the fast food jobs can never overcome.
DC,
Not only are you able to show yourself as a bitter partisan, you managed to show you have little understanding of international trade.
Try again; see if you can find some economic bad news to negate all the good news.
Boon to liberals,
Please explaint to me how selling our souls to the Chinese so we can fight a war of our aggression is not bad news.
And I'm a bitter partisan, I'll admit. I am partisan to honesty, to non aggression, to the truth to name a few.
Seems to me that the subject was SUPPOSED TO BE about economic news. Interesting, isn't it, that almost all the critics posting comments on the original post seem to be obsessing on issues other than economic news...
I guess there's really not much to say about good economic news as far as the batty Dems are concerned, except...
[DREADFUL SILENCE]
Followed by:
[*&^??!!!]
LOL
Selling our souls to the Chinese? Is this like how we "sold our souls to the Japanese" in the 1980's and the gloom and doomers were wrong then too?
Besides, when did Democrats ever get shy about selling things to the Chinese? Didn't Clinton and Gore sell a ton of our technological secrets to them?
LOL
The employment rate is one of the most distorted and unbelievable government statistics. So you just got laid off from GM or your tech job was outsourced to India? After your unemployment benefits are exhausted, you are not even counted anymore. You are nothing. Then, out of desperation, you take on 2 jobs to make ends meet. One delivering pizzas for Dominos, the other flipping burgers.
According to our wonderful unemployment stats, the ecomony has gained 2 jobs. Yippeee!
I see there is scant mention of the 125,000 impending layoffs at GM. No mention of the thousands of tech workers that lose their jobs because our government has colluded with corporate interests to up the the H1-B visa limits and increase outsourcing.
Of course, here at B4B, it's time to put some lip stick on the pig and call it a beauty queen! Who wants to kiss the pig?