Bush: "We're strengthening our economy so people can realize their dreams"

[Bush_Eats_Beef]

I want to thank former Senator John Breaux from Louisiana for joining us. John, thanks for being here. (Applause.)

snip

******NOTE from yer pal Bush_Eats_Beef: Here are three URLs for you to explore, so that you can become familiar with the "fair and simple" National Sales Tax proposal that Bush LOVES so much. If you're a member of his "base," you'll love it too. Everyone else, prepare to wet yourselves.

http://washingtontimes.com/commentary/20050802-093835-4780r.htm

http://www.nationalreview.com/nrof_bartlett/bartlett200408090847.asp

http://www.nrf.com/content/default.asp?folder=govt&file=talkPoint.htm&bhcp=1&bhfv=2&bhqs=1

**********************END of NOTE from B_E_B

snip

I asked Breaux to help out on simplifying the tax code. It needs to be simplified, and -- (applause.) Looking forward to seeing your report. (Laughter.) But thanks for serving.

In Washington, we're working on two great goals; one, strengthening our economy so people can realize their dreams, and defending this country. And we're making good progress on both. This economy of ours is strong, it is getting stronger, and the amazing thing is to remember where we have come from. We went through a recession, and a stock market correction, and a terrorist attack, and corporate scandals, and war. And in spite of that, this economy is growing at some of the highest levels ever.

In 2003, growth was at the highest levels in nearly 20 years. (Applause.) Our economy today is growing faster than any other major industrialized nation in the world. (Applause.) We've added 2 million new jobs in the last 12 months. More people work today than ever before in our nation's history. (Applause.) Employment is up in 48 of the 50 states; unemployment is down to 5 percent. That's below the average rate of the 1970s, 1980s, and 1990s. The entrepreneurial spirit is strong. More people own a home today than ever before in our nation's history. Our tax relief plan is working. (Applause.)

This week's report shows that both personal income and consumer spending grew rapidly in June. Real disposable personal income has grown by about 12 percent since the end of 2000. You know, some have questioned in Washington whether or not you can cut taxes and increase revenues for the Treasury. Well, I don't know if you saw the report that came out -- recently came out. It showed that the federal deficit is projected to be $94 billion less than previously expected. And that's because revenues are catching up. And the reason revenues are catching up is because the tax cuts stimulated economic vitality and growth all across the country. (Applause.) I laid out a goal for the Congress to work with the administration to cut the deficit in half by 2009, and we're ahead of pace to realize that goal.

At the state level, there's some good news. You've seen the effects of the growing economy on your revenues. State revenues in the first quarter of 2005 increased 11.7 percent from the prior year; 42 states have received more in revenue than expected, which tells me that we need to work together to make sure we're wise about how we spend that money. (Applause.)

Part of making sure that our economy continues to grow is to pass budget resolutions that are fiscally sound. And that's what we did in Washington, D.C. I submitted the first budget to propose a cut in non-security discretionary spending since Ronald Reagan was the President. And I appreciate the action in the United States House of Representatives and the United States Senate to pass a budget resolution that adhered to those principles. And now the appropriators must follow the guidelines of the budget. To keep this economy growing, we must not over-spend at the federal level. (Applause.)

http://www.whitehouse.gov/news/releases/2005/08/20050803.html

[LiberalVoice]

1. "Our economy is growing faster than any other...industrialized nation."

Does that include China?

[WildClarySage]

2. Yeah, if your dreams include

working sporadically at whatever low-paying minimum-wage slave shift is left after all our jobs are outsourced overseas, then yeah...

[Comandante_Subzero]

3. War Is Good Business

War works wonders for the corporate state. No surprise then that Americans are so willing to accept imperialism, as long as the war isn't being lost....

[Imagevision]

4. If there is anyway to impeach this guy - he's got to go, NOW!

[TheWatcher]

5. My Dream is that this piece of shit and his entire Cabinet

Are Frogmarched to the Hague and imprisoned for the rest of their lives in the most uncomfortable, inhumane conditions allowable.

I highly doubt any of his policies could make that come true.