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 Home > News & Policies > May 2006

For Immediate Release
Office of the Press Secretary
May 5, 2006

President Visits Local Hardware Store, Discusses Strong U.S. Economy
Frager's Hardware
Washington, D.C.

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     Fact sheet Fact Sheet: Economic Growth Continues - More Than 5.2 Million Jobs Created Since August 2003
     Fact sheet In Focus: Jobs & Economy

10:08 A.M. EDT

THE PRESIDENT: Listen, thank you for your hospitality. I'm here to talk about our economy. Today we got some good news: 138,000 additional Americans found jobs over the last month, which is good; the national unemployment rate is 4.7 percent. This economy is strong.

And one of the hopeful things about our economy is small businesses are doing well. Small businesses provide most of the job growth in our country. The small business sector is doing well; so is the American economy.

President George W. Bush stands with employees during a visit to Frager's Hardware store in the Capitol Hill neighborhood of Washington, D.C., Friday, May 5, 2006.  White House photo by Eric Draper One thing we've got to make sure is that we keep the people's taxes low to keep this economy growing. Raising taxes will hurt small businesses; raising taxes will hurt consumers; raising taxes will particularly affect working people, now that the price of gasoline has gone up. So one of the things Congress has got to do is be mindful that the economic growth we're seeing, the strong economic growth, is dependent upon good tax policy.

At the same time, Congress should be wise about how they spend the people's money. They've got to make sure the supplemental comes to me at a rate that I'll accept, $92.2 billion, plus money for the pandemic flu. We've got a plan to make sure this economy keeps growing, but today's news is good news for the American people.

And I want to thank you for coming by here to say "hi" too.

MR. WEINTRAUB: All right, I thank you.

THE PRESIDENT: It's a good place to shop, by the way. I just spent some of my hard-earned money on Barney. I bought him a couple of toys to chew on -- but don't let him know until I get over there, because it's a surprise. Thanks for letting me come by.

MR. WEINTRAUB: Okay. Thank you, Mr. President.

END 10:10 A.M. EDT