The White House, President George W. Bush Click to print this document

For Immediate Release
Office of the Press Secretary
August 9, 2005

President Bush Discusses Agenda for Continued Economic Growth


Today, President Bush Met With His Economic Advisors To Discuss The Strength Of Our Economy. From new jobs to GDP growth to increased productivity to low inflation, America's economy today is strong. The economy has generated nearly 4 million new jobs since May 2003, and the unemployment rate is 5 percent, the lowest since before September 11.

The Economy Is Strong And Continues To Grow

Surge In Revenues Slashes Federal Deficit. An increase in revenue and spending restraint caused the deficit to decrease, and the mid-year budget forecast shows that the government is ahead of schedule to reach President Bush's goal of cutting the deficit in half by 2009.

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