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Good Day from Mr. Thompson!

President Bush recently spoke to a group of factory workers in NC about the economy. He has also asked Congress to extent his tax cuts and make them permanent. As president he is charged with being responsible for our nation's economic well-being. Below are some exerpts from his speech and a link to the article about his proposal regarding tax cuts.

Bush Renews Push for Extending Tax Cuts

Exerpts from his speech Dec. 5th in Kernersville NC:

"Now some of those people up in Washington said the tax cuts wouldn't work. In the spring of 2003, one Democrat leader called tax relief a "tragedy," and said it would not create jobs or grow the economy. Another Democratic leader said the tax cuts "are ruining our economy and costing us jobs." All comes with the job, by the way -- doing what you think is right, and people laying out the criticism. But I want to remind people of the facts: Since those words were spoken, our economy has added nearly four and a half million new jobs. (Applause.)
Just this past Friday, the latest figures show our economy added 215,000 jobs in the month of November alone. Our unemployment rate is down to five percent. That's lower than the average of the 1970s, the 1980s and 1990s. The latest numbers also show the economy grew at 4.3 percent last quarter. (Applause.) And it has been growing at near that average for more than two years. This economy of ours is on the move. People are being able to find work, and that's what's important to me. I want Americans working. I want anybody who wants a job to be able to find work -- good paying, steady work -- and that's what's happening in America. (Applause.)
Americans are buying homes, and that's good news for this country. We hit an all-time high in October, in terms of home buying. More Americans now own their homes than any time in our nation's history. Minority ownership -- home ownership is at an all-time high in the United States of America. (Applause.) Real disposable income is up; our consumers are confident. New orders for durable goods, like machinery, have risen sharply, and shipments of manufactured goods are up, as well. Business activity in our manufacturing sector reported its 30th straight month of growth. In the past five years, productivity has grown at some of the fastest rates since the 1960s. Our small businesses are thriving. Fortunately, I didn't listen to the pessimists about tax cuts. The tax cuts are working. (Applause.)
We've been wise with your money, as well. Each year I've been in office, we've cut the rate of growth in non-security discretionary spending. We're on track to reach our goal of cutting the budget deficit in half by 2009. Thanks to tax relief, and spending restraint, and pro-growth economic policies, this economy is strong, businesses are booming, and the people in this country are working. (Applause.) See, we can't take this growth for granted. So we're moving forward with a comprehensive agenda that's going to keep the economy growing to make sure people have got a hopeful future. Keeping this economy growing begins with a commitment to keeping your taxes low, and at the same time being wise about how we spend your money."