Interviews
President Bush talks about sturdy & upward economy
08 Apr '06
4 min read
White House releases the Speech of George Bush, stating about the economic growth:
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.
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.
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