Bush And The American Economy

This morning I will focus my talk on the economy during the Bush presidency.

CHICAGO — President Bush shrugged off a report showing weaker-than-expected job growth on Friday and declared that “the American economy heads into 2006 with a full head of steam.”

President Bush: “I’m not paying attention to politics.”

In fairness, Bush, like all presidents, does not deserve all the blame for the economy’s performance under his watch.

George Bush is destroying the economic fabric of this country right out from underneath nearly every American outside the elitist crowd of his billionaire buddies.

He continued, “The fundamentals of our economy are strong.

A faltering economy, falling markets, shaken confidence, an economy reeling, that’s what America’s new president faced.

CRAWFORD, Texas Even as he expressed his faith in the underlying strength of the American economy, President Bush said Thursday he will unveil an economic stimulus package next week with a focus on creating jobs.

Bush, who also visited the Chicago Board of Trade, spoke as he and leaders of his economic team fanned out to trumpet recent improvements in the economy despite Friday’s mixed jobs report showing a slowdown in monthly hiring.

President Bush flashes the “Hook’em Horns” sign as he addresses the Economic Club of Chicago.

You may recall that when Governor Bush was President-elect Bush in December of 2000, he met with business leaders in America American business leaders in Austin.

This tax relief plan promotes the values that make the American economy second to none access to the middle class, family, equal opportunity, and the entrepreneurial spirit.

“These are the basic ideas that guide my tax policy: lower income taxes for all, with the greatest help for those most in need.

There are three important elements of these policies that I’d like to talk about today: the tax system, trade liberalization and budget discipline.

When President Bush signed the stimulus package he finally acknowledged what the rest of us already knew: The economy is in real trouble.

The midterm elections are coming up and the Republican candidates have been traveling around the country parroting the following two messages: “Look how great the economy is doing under Republican leadership, and if you elect Democrats they will raise your taxes and the economy will suffer.”; and: “The Republicans are strong on national security and the Democrats are weak on national security and if your elect Democrats into the majority in either the House or the Senate the American people will be less safe.”.

The best tax cuts create incentives for people to work and businesses to produce and companies to invest.

As has been repeated ad nauseam, George W. Bush is the first president in 72 years to lose jobs.

Aides said tax cuts would be a large part of the mix.

In August, the U.S. trade deficit widened to $54 billion, the second-highest in a string of record monthly trade gaps that shows no sign of abating.

Kerry will end the tax breaks that encourage companies to outsource jobs and use the savings to cut corporate taxes by 5 percent, providing a tax break for 99 percent of companies.

Talking to reporters who joined him on a nature hike on his sprawling ranch, the president rejected criticism from some Democrats that his tax breaks have primarily benefited the wealthy.

Bush rattled off a string of recent government reports suggesting a growing U.S. economy, and he used his speech to the Chicago Economic Club to prod Congress to extend his administration’s tax cuts that are due to expire.

The President has proposed a bold and fair tax relief plan that will reduce the inequities of the current tax code and help ensure that America remains prosperous.

Both of these messages are false but they are difficult to disprove because they are both phrased in a future context, and that is probably the reason why the Republicans are campaigning this way.

At the most basic level, contrary to the myth, growth has actually been very weak under President Bush.

And an emphasis on a responsible federal budget reflects the president’s belief that, while government should actively perform its core functions, it should not impede the efforts of individual citizens and enterprises to create jobs, wealth and economic opportunity.

Kerry also is proposing a New Jobs Tax Credit for manufacturers, other businesses affected by outsourcing and small businesses.

It is just part of their con game designed to transfer wealth, rob our country, and gain complete control over our government.

The economy posted another decline in GDP growth in the first quarter of 2001: minus 0.5 percent.