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For Immediate Release
Office of the Press Secretary
October 29, 2004
Fact Sheet: President Bushs Policies Drive Continue Economic Growth in the Third Quarter of 2004
In Focus: Jobs and Economy
Friday's News: Steady Economic Growth Continues
America's economy grew at a strong pace of 3.7 percent during the third quarter of 2004 - well above the historical average, and continuing the strong growth seen over the previous 5 quarters. GDP continues to grow above the average rate of the 1970s, 1980s, and 1990s, while the unemployment rate remains below the average for those decades.
The President's policies have helped to propel the economy forward, putting more money in the pockets of American families and laying a foundation for growth and job creation now and for years to come. But there is still more work to do.
The President understands that many Americans are working hard to make ends meet. That is why he continues to push for pro-growth policies that create jobs, and opposes tax increases that would add a burden to working families and set back our economy. This month, the President signed important tax relief for America's working families, which extends the middle class tax cuts and leaves more than $50 billion next year in the hands of the people who earned it - money that will keep our economy moving forward and result in even more new jobs for American workers.
More to Do: The President's Plan to Create More Jobs, Security, and Opportunity in a Growing Economy
While the President's tax cuts are creating jobs and continuing to strengthen the economy, there is still more to do so that every American who wants a job can find one. To create jobs, America must remain the best place in the world to do business. The President's six-point plan:
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