Growing Economy Gaining Momentum
Yes PAUL KRUGMAN is again revealed the idiot
"Last month this economy exceeded expectations and added new jobs. Inflation is low. After-tax incomes are rising. Home ownership is at record highs. Productivity is high. Factory orders, particularly for high-tech equipment, have risen over the last several months. Our strategy has set the stage for sustained growth. By reducing taxes we kept a promise, and we did the right thing at the right time for the American economy."
--President George W. Bush, 10/16/03
As The Wall Street Journal editorial board announced this morning, "The good economic news keeps coming," and a newly released report from the Federal Reserve shows that it is coming in from across the country!
* Jobless claims are at their lowest levels in eight months.
* Employment grew by 57,000 in September.
* Stock market values have increased $2 trillion in last ten months.
* Disposable personal income is up 3.8%.
* Homeownership is at record highs with a 68% ownership rate.
* GDP growth is at 3.3% in the second quarter.
* Productivity growth remains strong, which has bolstered profits.
* Orders of manufacturing goods continue to increase.
* Shipments and orders of durable goods increased this summer.
President Bush is confident in our growing economy but he will not be satisfied as long as there are Americans looking for work. He has urged Congress to act on his six-point plan to continue the economic growth that is already gaining momentum.
* President Bush's plan to create jobs and continue economic growth.
* Check out our recent blog postings outlining the latest economic news.
President Bush's Initiative to Expand Homeownership
"We want people owning their own home. If you own your own home, you have a vital stake in the future of this country."
--President George W. Bush, 10/15/03
In California this week, President Bush discussed the economy, the strong housing market, and his aggressive homeownership agenda. The President also called on the Senate to pass The American Dream Downpayment Act, which would help approximately 40,000 families a year with their down payment and closing costs, and further stimulate America's housing market.
In June 2002, President Bush announced the national goal of increasing the number of minority homeowners by at least 5.5 million before the end of the decade. Meeting the President's goal will not only help more Americans enjoy the benefits of owning their own homes, it will also help strengthen our economy. The Bush Administration and the America's Homeownership Challenge partners in the private sector have been working hard to increase minority homeownership, and have already seen positive results. |
