President's Radio Address [U.S. economy is strong]

White House ^ | 8/6/05

[advance_copy]

"Good morning. As families across the country enjoy the summer, Americans can be optimistic about our economic future. In the past four years, our economy has been through a lot: we faced a stock market decline, a recession, corporate scandals, an attack on our homeland, and the demands of an ongoing war on terror.

To grow the economy and help American families, we acted by passing the largest tax relief in a generation. And today, thanks to the tax relief and the efforts of America's workers and entrepreneurs, our economy is strong and growing stronger.

This past week, we learned that America added over 200,000 new jobs in July. Since May of 2003, we've added nearly 4 million new jobs. The unemployment rate is down to 5 percent, below the average of the 1970s, 1980s and 1990s. And more Americans are working today than ever before in our nation's history.

Recent economic reports show that our economy is growing faster than any other major industrialized nation. Small businesses are flourishing. Workers are taking home more of what they earn. Real disposable personal income has grown by over 12 percent since the end of 2000. Inflation is low and mortgage rates are low. And over the past year, the home ownership rate in America has reached record levels.

The tax relief stimulated economic vitality and growth and it has helped increase revenues to the Treasury. The increased revenues and our spending restraint have led to good progress in reducing the federal deficit. Last month we learned that the deficit is now projected to be $94 billion less than previously expected. I set a goal of cutting the deficit in half by 2009, and we are ahead of pace to meet that goal.

To continue creating jobs and to ensure that our prosperity reaches every corner of America, we're opening markets abroad for our goods and services. This past week, I was proud to sign the Central American-Dominican Republic Free Trade Agreement. This historic agreement will level the playing field for America's workers and farmers, and open up a market of 44 million customers for products made in the United States.

To keep our economy growing we also need affordable, reliable supplies of energy. Next week in New Mexico, I'll sign a bipartisan energy bill that encourages conservation, expands domestic production in environmentally sensitive ways, diversifies our energy supply, modernizes our electricity grid and makes America less dependent on foreign sources of energy. And next Wednesday in Illinois, I'll sign a highway bill that will improve the safety of our roads, strengthen our transportation infrastructure and create good jobs.

Our economy is strong, yet I will not be satisfied until every American who wants to work can find a job. So this coming Tuesday I will meet with my economic team in Texas to discuss our agenda to keep the economy moving forward. As Congress considers appropriations bills this fall, we will work with the House and the Senate to ensure that taxpayer dollars are spent wisely, or not at all.

We need to make the tax relief permanent, end the death tax forever, and make our tax code simpler, fairer and more pro-growth. We'll continue working on Social Security reform. Social Security is sound for today's seniors, but there's a hole in the safety net for our younger workers, so I'll work with the Congress to strengthen Social Security for our children and grandchildren. I'll continue to press for legal reform to protect small businesses, doctors and hospitals from junk lawsuits. And we will work to make health care more affordable and accessible for all Americans.

The American economy is the envy of the world and we will keep it that way. We will continue to unleash the entrepreneurial spirit of America, so more of our citizens can realize the American Dream.

Thank you for listening."

[advance_copy]

The U.S. economy:

4 million new jobs in two years
Deficit cut by $94B
Unemployment at just 5%
Real disposable income up by 12%
Low inflation
Low interest rates


This President gets an A+ for true economic management, not just a dot-com bubble and false stock prices.

[Mo1]

But But But how can this be .. The media keeps telling us that life stinks in America

/sarcasm >

[Salvation]

Radio Address by the President to the Nation, 08-06-05

For Immediate Release
August 6, 2005

President's Radio Address
Crawford, Texas

     Audio
     

THE PRESIDENT: Good morning. As families across the country enjoy the summer, Americans can be optimistic about our economic future. In the past four years, our economy has been through a lot: we faced a stock market decline, a recession, corporate scandals, an attack on our homeland, and the demands of an ongoing war on terror.

To grow the economy and help American families, we acted by passing the largest tax relief in a generation. And today, thanks to the tax relief and the efforts of America's workers and entrepreneurs, our economy is strong and growing stronger.

 Radio Address

• 2005
• 2004
• 2003
• 2002
• 2001

 Radio Interviews

• 2005
• 2004

This past week, we learned that America added over 200,000 new jobs in July. Since May of 2003, we've added nearly 4 million new jobs. The unemployment rate is down to 5 percent, below the average of the 1970s, 1980s and 1990s. And more Americans are working today than ever before in our nation's history.

Recent economic reports show that our economy is growing faster than any other major industrialized nation. Small businesses are flourishing. Workers are taking home more of what they earn. Real disposable personal income has grown by over 12 percent since the end of 2000. Inflation is low and mortgage rates are low. And over the past year, the home ownership rate in America has reached record levels.

The tax relief stimulated economic vitality and growth and it has helped increase revenues to the Treasury. The increased revenues and our spending restraint have led to good progress in reducing the federal deficit. Last month we learned that the deficit is now projected to be $94 billion less than previously expected. I set a goal of cutting the deficit in half by 2009, and we are ahead of pace to meet that goal.

To continue creating jobs and to ensure that our prosperity reaches every corner of America, we're opening markets abroad for our goods and services. This past week, I was proud to sign the Central American-Dominican Republic Free Trade Agreement. This historic agreement will level the playing field for America's workers and farmers, and open up a market of 44 million customers for products made in the United States.

To keep our economy growing we also need affordable, reliable supplies of energy. Next week in New Mexico, I'll sign a bipartisan energy bill that encourages conservation, expands domestic production in environmentally sensitive ways, diversifies our energy supply, modernizes our electricity grid and makes America less dependent on foreign sources of energy. And next Wednesday in Illinois, I'll sign a highway bill that will improve the safety of our roads, strengthen our transportation infrastructure and create good jobs.

Our economy is strong, yet I will not be satisfied until every American who wants to work can find a job. So this coming Tuesday I will meet with my economic team in Texas to discuss our agenda to keep the economy moving forward. As Congress considers appropriations bills this fall, we will work with the House and the Senate to ensure that taxpayer dollars are spent wisely, or not at all.

We need to make the tax relief permanent, end the death tax forever, and make our tax code simpler, fairer and more pro-growth. We'll continue working on Social Security reform. Social Security is sound for today's seniors, but there's a hole in the safety net for our younger workers, so I'll work with the Congress to strengthen Social Security for our children and grandchildren. I'll continue to press for legal reform to protect small businesses, doctors and hospitals from junk lawsuits. And we will work to make health care more affordable and accessible for all Americans.

The American economy is the envy of the world and we will keep it that way. We will continue to unleash the entrepreneurial spirit of America, so more of our citizens can realize the American Dream.

Thank you for listening.

[raybbr]

As Congress considers appropriations bills this fall, we will work with the House and the Senate to ensure that taxpayer dollars are spent wisely, or not at all.

It only took 5 1/2 years to get to this point.

[Salvation]

For Immediate Release
August 6, 2005

President's Radio Address
Crawford, Texas

     Audio
     

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[CasearianDaoist]

expands domestic production in environmentally sensitive ways,

Why can't the GOP seize moments like these to attack the whole "environmentalist" scam.

The GOP will one day wish that they would have stood up to these people rather than be co-opted by them.

[Grendel9]

Fret not. The Dems will continue to spout that
idea, again emphasizing that Republican Fat Cats
are getting even fatter on the sweat and suffering
of the Have Nots.

Odd how the mundane-minded Dem voter never "sees"
the Democrat Fat Cats!

[CasearianDaoist]

Another ping from Hooverville.

[Salvation]

**expands domestic production in environmentally sensitive ways, **

Agree with you. They should be throwing this and other things from the GOP at the enviro whackos.

[ohioWfan]

The President started spending less from the beginning, by increasing the budget at a significantly lower rate than his predecessor. (I believe the rates of increase were at 15% in the xlinton years, and only 4% now), and by giving U.S. taxpayers and small businesses a significant cut in taxes.

It hasn't been enough, but it is inaccurate to say that it hasn't been addressed at all.

[ohioWfan]

Even yesterday, I heard a left wing radio announcement say that 5% unemployment was "moderately good."

LOL! They don't even have the guts to admit that 5%, especially considering the blows our economy took, is REALLY good! The bozos!

[Grampa Dave]

How was your Eggs Benedict this morning in Hooverville?

[Salvation]

Can't believe that is what they really said!

[ohioWfan]

expands domestic production in environmentally sensitive ways,

Why can't the GOP seize moments like these to attack the whole "environmentalist" scam.

I'm sure the President added this because he knows that he will be attacked by the left, and because he actually cares about the environment, and knows that the vast majority of Americans, including conservatives want to be good stewards of God's creation.

It makes perfect sense that he would include this line in an address of this nature.

[ohioWfan]

They did. And I laughed out loud in my car!

(I'm sure they didn't put a qualifier on the word 'good' when the xlinton unemployment rates were at 5.6 when he ran for reelection).

They are so transparently biased it's funny. Even if we had full employment they'd find a way to make it bad news.

[new yorker 77]

Expect liberals to be angry that people are working.

In order to bash the President on the economy, you have to forget 9-11 ever happen and that President Bush inherited a recession and Clinton's budget for fiscal year 2001.

Total Non-farm payrolls: http://data.bls.gov/cgi-bin/surveymost?bls

2001: 1,779,000 net loss <-Clinton wrote this years budget.
2002: --554,000 net loss
2003: ---94,000 net gain
2004: 2,194,000 net gain
2005: 1,337,000 net gain

Throughout 2004, liberals lied. They kept repeating the lie: '3 Million Jobs lost'. Voters rewarded their lies in kind.

President Bush may be doing poorly in fake polls today which similarly convinced moron Democrats to donate money to a Kerry campaign that was a losing cause from the get go in all polls of 'likely voters' in accurate sampling conducted by Scott Rasmussen throughout 2004.

Unfortunately for liberals, they tried to cash in on the fool's gold of fake polls provided by liberal media to pacify their ever dwindling discontented audiences in 2004.

Fool's gold is worthless. Try cashing it in again, liberals.

[dfwgator]

Expect liberals to be angry that people are working.

You mean working not for the gubmint.

[Mo1]

LOL! They don't even have the guts to admit that 5%, especially considering the blows our economy took, is REALLY good! The bozos!

And it's better then during Clinton's Era

[CasearianDaoist]

A little salty, but we are troopers down yonder.

[Salvation]

Interesting ## on the net losses and net gains there. Really the bottom line!