Posted on 08/09/2007 5:38:59 PM PDT by snugs
The President held a press conference in the Press Briefing Room today then signed H.R. 2272, The America Competes Act Bill after which he departed to Maine where he will spend the week at the family home attending a wedding and meeting with the French President.
Secretary of State Condoleezza Rice met with Lebanon's Charge d'Affaires Antoine Chedi at the State Department.
Enjoy your visit to Sanity Island
QUOTE OF THE DAY
President Bush Discusses American Competitiveness Initiative During Press Conference
James S. Brady Briefing Room
THE PRESIDENT: Good morning, thank you. When I came into office in 2001, our nation was headed into a recession. So we cut the taxes across the board. And hardworking Americans have used this tax relief to produce strong and lasting economic growth.
Since we began cutting taxes in 2001, our economy has expanded by more than $1.9 trillion. Since the tax cuts took full effect in 2003, our economy has added more than 8.3 million new jobs, and almost four years of uninterrupted growth. Inflation is low, unemployment is low, real after-tax income has grown by an average of more than $3,400 per person since I took office. The American economy is the envy of the world, and we need to keep it that way.
So in my 2006 State of the Union address, I announced the American Competitiveness Initiative, and I called on Republicans and Democrats in Congress to join me in this effort, to encourage innovation throughout our economy. As part of this initiative, I asked Congress to expand America's investment in basic research, so we can support our nation's most creative minds as they explore new frontiers in nano-technology or supercomputing or alternative energy sources. I asked Congress to strengthen math and science education, so our children have the skills they need to compete for the jobs of the future. I asked Congress to make permanent the research and development tax credit, so we can encourage bolder private-sector initiatives in technology.
Today I'm going to sign into law a bill that supports many of the key elements of the American Competitiveness Initiative. This legislation supports our efforts to double funding for basic research in physical sciences. This legislation authorizes most of the education programs I called for in the initiative I laid out at the State of the Union. These programs include Math Now proposals to improve instruction in mathematics, and the advanced placement program my administration proposed, to increase the number of teachers and students in AP and international baccalaureate classes.
PHOTO OF THE DAY
President George W. Bush holds a press conference Thursday, Aug. 9, 2007, in the James S. Brady Press Briefing Room. White House photo by Eric Draper
Hi.
1st!
President George W. Bush holds a press conference Thursday, Aug. 9, 2007, in the James S. Brady Press Briefing Room.
Yep!
Hi!
Ya bet me Mama, by 5 seconds! Congrats!
Good evening MamaB
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