Bye Bye Bushy!!!
Bwahahaaha! Where are the WMD the war was started over, Loco? Hmmmm?
Your president is a killer of American Soldiers and has buried our economy.
Oh really! Like I said before you should try to get yourself educated.
America’s Economy is Strong and Getting Stronger
288,000 New Jobs Created in April, Over 1.1 Million Jobs Created Since August
2003
New job figures released today and other recent economic data show that
America’s economy is strong and getting stronger – and that the
President’s jobs and growth plan is working. The Labor Department announced
that employers added 288,000 new jobs in April. In total, over 1.1 million jobs
have been added since August, with 8 consecutive months of gains.
America has a choice: It can continue to grow the economy and create new jobs
as the President’s policies are doing; or it can raise taxes on American
families and small businesses, hurting economic recovery and future job
creation. President Bush’s pro-growth agenda, strong education system, and
policies to help American workers gain the skills to secure good jobs are the
right ways to respond to the challenges of our growing and changing economy.
April’s increase in employment remained strong and well in excess of market
expectations. 288,000 net new jobs were created in April – and February and
March increases were revised upward, for a combined upward revision of 66,000.
The household survey showed a similar increase in employment, up 1.3 million
since August.
The national unemployment rate edged down to 5.6% in April – falling 0.7
percentage points from its peak of 6.3% in June 2003. At 5.6%, the unemployment
rate is below the average of the 1970s, 1980s, and 1990s.
Manufacturing employment increased 21,000 in April, and was revised up for
February and March. Manufacturing employment has risen for three consecutive
months. These were the first gains in this sector since July of 2000.
Over the past year, the unemployment rate has fallen in 44 of the 50 states.
Weekly unemployment insurance claims have fallen to their lowest level since
2000.
President Bush’s Actions Are Helping to Drive Our Economic Recovery
The President’s Jobs and Growth tax relief package helped drive the strong
improvement in our economy. It raised the level of economic activity and
productivity, which will result in higher incomes and living standards for
American workers.
In addition to today’s employment news, other recently released data confirm
that the economy is strong and growing stronger:
The American economy grew at a strong annual pace of 4.2 percent during the
first quarter of 2004 – well above the historical average, and continuing the
strong growth seen over the previous two quarters. Economic growth over the
last three quarters has been the fastest in nearly 20 years, at a 5.5 percent
annual rate that would double the real size of the economy in 13 years. The
President's policies have helped propel the recovery forward, putting more
money in the pockets of America’s families and laying a foundation for growth
and job creation now and for years to come.
Household spending continues to be strong. As a result of the President’s
2001 and 2003 tax cuts, personal consumption levels have risen significantly.
Real after-tax incomes are up by 10% since December 2000 – substantially
better than those following the last recession.
Retail sales other than motor vehicles in the first quarter of 2004 increased
11.6 percent, more than double the average annual rate of growth over the last
decade.
Consumer confidence is at its highest level in 3 months and is rising. The
Conference Board said its index of consumer confidence increased 4.4 points to
92.9 in April, from 88.5 in March.
New housing construction in March surged to levels near those of December 2003,
when they were at their highest levels in almost 20 years.
In the first quarter of 2004, the national homeownership rate reached a record
high of 68.6 percent, beating the record set in the previous quarter.
Minority homeownership set a new quarterly record of 50.8 percent in the first
quarter, up 0.2 percentage points from the fourth quarter and up 1.5 percentage
points from the first quarter of 2003.
Inflation remains restrained, with the core CPI (Consumer Price Index) rising
only 1.6 percent and the core finished-goods PPI (Producer Price Index) rising
only 0.7 percent over the last 12 months.
Mortgage rates remain near historic lows, making homebuying easier and more
affordable.
American companies are reporting historic levels of growth.
Productivity grew from 2000 to 2003 at the fastest 3-year rate in more than 50
years. This has bolstered profits and will lead to significantly higher real
wages for workers.
More manufacturers have been reporting increased activity and new orders than
at any time in the last 20 years. The ISM Manufacturing employment index in
April was at its highest level since 1987.
The President’s jobs and growth policies have put the economy on the road to
recovery—but there is more work to be done. The President has outlined a
six-point plan to create even more job opportunities for America’s workers
and keep America the best place in the world to do business. The plan includes:
enabling families and businesses to plan for the future with confidence by
making tax reductions permanent; making health care costs more affordable and
predictable; reducing the burden of lawsuits on our economy; ensuring an
affordable, reliable energy supply; streamlining regulations and paperwork
requirements; and opening new markets for American products and services.
S/V Express 30 "Ringmaster"
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