On the recordJune 17, 2004
I rise to salute our steadily growing economy. Sometimes it is hard to remember how the intellectual fortunes of free enterprise have fallen under high taxes and government intrusion. Now that the Bush tax cuts have started to kick in and boost the economy, we see again that job growth has remained strong and in May we gained jobs. The American people are recognizing the positive leadership of George W. Bush and the Republican Congress. Let us look at the facts: job seekers in America are getting good news and, most importantly, jobs. There were 248,000 jobs created in May. That means more than 900,000 jobs created over the last 3 months alone. Today the unemployment rate is down to 5.6 percent, lower than the average unemployment rate of the last 3 decades. America's families are seeing the change in their kitchen-table finances. Homeownership has risen to the highest level ever and real disposable income is up to an annual average rate of 3.9 percent. Finally, our business owners are benefiting. Real business investment in equipment and software is up to an annual rate of 14 percent. This is an economics package that puts people first. The President and the Republicans in Congress will continue to knock down the barriers of high taxes and government red tape. By removing those barriers, we see the true entrepreneurial spirit of the American people and with that spirit so grows our economy.
Source
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