[snugs]

President Bush Discusses the Economy in Wisconsin
Allen-Edmonds Shoe Corporation
Port Washington, Wisconsin

THE PRESIDENT: We're at one of America's great companies. It's a privately owned company that is making a good product. This is a company that has benefited because of the tax cuts. It's a sub-chapter s company. You've often heard me talk about cutting taxes on individuals benefits small businesses. This is a company that had benefited from the tax cuts. It's also a company that made additional investments because of the tax relief we passed.

When you make investments, it makes your company more productive. And when you're more productive, it makes you more competitive. So the tax cuts we passed have helped this company. It made a lot of sense. They've also helped our county. This economy of ours is growing. The unemployment rate is 4.6 percent nationally. That's good news for workers. People are making more money. And that's good news for workers.

And as a result of a growing economy, we collected more money for the Treasury. I told the American people we would keep spending down and keep pro-growth policies in place to help cut the deficit in half by 2009. As a result of the Mid-Session Review, the numbers that came out of the Mid-Session Review, I'm able to tell the American people we'll cut the deficit in half by 2008. The projected budget deficit over -- of over $420 billion is now assumed to be $296 billion. See, what happens is when you grow the economy by cutting taxes, more tax revenues come into the Treasury, and that's what we're seeing here

PHOTOS OF THE DAY

President George W. Bush holds up a pair of custom made red, white and blue shoes during a visit to Allen-Edmonds Shoe Bank at the Factory in Port Washington, Wisconsin, July 11, 2006

Today Vice President Dick Cheney and his wife Mrs. Lynne Cheney welcomed their fifth grandchild, Richard Jonathan Perry. He weighed 7 pounds, 4 ounces and was born at 11:19 a.m. at Sibley Memorial Hospital in Washington, D.C., July 11, 2006. His parents are Liz Cheney and Phil Perry, the daughter and son-in-law of the Cheneys. White House photo by David Bohrer

[snugs]

Dose going up - please wait for the all clear before posting or re-posting any photos or graphics

[kitkat]

Evening, snugs

[Majie Purple]

Awww! Congrat's to The Grand Parent's & Parents in the Cheney & Perry housholds!
Thanks for tonight's Dose snugs!

[SE Mom]

Welcome Richard Jonathan Perry! May you live a long and blessed life..

[Majie Purple]

I was just about to type that
I wonder why you didn't make that one
Photo of The Day you BIG TIME Cheney chick, you!
& then I went back and saw that
you made it a co Fave...

[mystery-ak]

Love the Cheney pic with their new grandson....Jonathan, I like that name!...hehehe

[maica]

Fabulous photo of Baby Richard and grandparents.

[MEG33]

Awwww. Lovely, Snugs. Thank you!

[DCMB]

My only child was born at Sibley Hospital (it's less than
a mile from where we live). Darling photo--wow, Liz has
five kids! Brave woman :)

[dmd25]

Thanks for the Dose, Snugs!

I have to say (and I haven't see the comments--I may be in the minority), I think those shoes are awful! :)

The baby, though, is darling. I had to look at the date as it looks so similar to one of their previous pictures with a new grandchild. A lovely photo, for sure!

[STARWISE]

Oh .. how adorable !!!! How does Liz do it?? Thank you, snugs .. great event.

Richard Jonathan ... ahem ....

[MJY1288]

Howdy snugs, Thanks for the dose

[luvie]

Awwwwwwww....a new baby. How great for them to get to celebrate this new life.

I hope the president isn't planning on wearing those *shudder* shoes! LOL! He has kind of a droll look on his face. :D

[MeekMom]

re: 1

Thanks one heck of a beautiful picture. Thanks snugs for sharing it!

[Anne of DC]

Hi, Snugs!

Thanks for the ping!

Congratulations to VP and Mrs. Cheney!

[GretchenM]

What an adorable photo of the Cheneys with #5 grandchild. Nice of Liz and Phil to provide so many new citizens to love!