Excerpt Of The Day: The Stregnth Of The Bush Economy
“Here at home, I’m also encouraged by the strength of our economy. Last year, our economy grew at a health 3.5 percent. Over the past two and a half years, the economy has added nearly 5 million new jobs. That’s more than Japan and the 25 nations of the European Union combined.
The national unemployment rate is 4.8 percent. That’s lower than the average rate of the 1970s and the 1980s and the 1990s.
Productivity is strong. Inflation is contained. Household net worth is at an all-time high. Real after-tax income is up more than 8 percent per person since the beginning of 2001.
The growing economy is a result of the hard work of the American people and good policies here in Washington.” — George Bush