For Immediate Release
Office of the Press Secretary
December 8, 2006
Fact Sheet: Job Creation Continues-More Than 7 Million Jobs Created Since August 2003
In Focus: Job & Economy
Today, The Government Released New Jobs Figures 132,000 Jobs Created In November. Since August 2003, more than 7 million jobs have been created - more jobs than all the other major industrialized countries combined. Our economy has now added jobs for 39 straight months, and the unemployment rate is 4.5 percent, down 0.5 percent from the same time last year.
The American Worker Is Benefiting From Economic Growth
The President Has An Aggressive Agenda To Keep Our Economy Strong And Growing
The President's Tax Cuts Are Helping Our Economy Grow. The President believes the American people can spend their money far better than the Federal government can, and he worked with Congress to cut taxes for everyone who pays income taxes. To keep our economy growing, the President calls on Congress to extend rate reductions and other pro-growth tax relief. The President also supports extension of the child tax credit and marriage penalty relief.
The President Will Continue Working With Congress To Control Runaway Entitlement Spending, Including By Reforming Social Security. Our strong economy has led to historic revenue growth that helped cut the deficit in half three years ahead of schedule, but the unchecked growth of entitlement programs remains the principal challenge to restraining Federal spending. While we do not need to cut these programs from current levels, we need to address their rate of growth these important programs are growing faster than inflation, faster than the population, and faster than the economy.
The President's Policies Are Helping Make Health Care More Affordable And Accessible. The Administration has successfully implemented the Medicare prescription drug benefit, and now more than 38 million Medicare beneficiaries enjoy drug coverage. In addition, the President has proposed expanding Health Savings Accounts (HSAs) and creating Association Health Plans (AHPs) to allow small businesses to band together to buy cheaper insurance.
The President Is Working To Break America's Addiction To Oil And Develop New Sources Of Reliable, Domestic Energy. The President is funding new technology to create new sources of fuel, build a reliable domestic supply of alternative fuels, develop new domestic energy resources, and increase efficiency. The President is also encouraging the research and development of clean-coal technologies and expanding the safe use of clean, affordable nuclear power.
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