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 Home > News & Policies > February 2008

For Immediate Release
Office of the Press Secretary
February 11, 2008

President Bush Signs 2008 Economic Report

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     Fact sheet Fact Sheet: The Economic Report of the President

Oval Office

1:07 P.M. EST

THE PRESIDENT: I want to thank members of my economic team for submitting this Economic Report of the President. I'm about to sign it. And so I want to -- Eddie, thank you for your good work, you and your team.

This report indicates that our economy is structurally sound for the long term, and that we're dealing with uncertainties in the short term. And therefore, what should we do about it? Well, I'm so pleased that the Congress and the administration worked closely together to pass a robust pro-growth package to deal with the uncertainty. That package is about $160 billion-plus. What that means is, it means that money will be going directly to America -- workers and families and individuals. It also means that there is incentives for American businesses.

President George W. Bush speaks to the press after the signing of the 2008 Economic Report Monday Feb. 11, 2008, in the Oval Office. Joining President Bush are, from left, Chuck Blahous, Deputy Assistant to the President for Economic Policy; Pierce Scranton, Chief of Staff, Council of Economic Advisors; Eddie Lazear, Chairman, Council of Economic Advisors; Donald Marron, Senior Economic Advisor, Council of Economic Advisors; and Keith Hennessey, Assistant to the President for Economic Policy.  White House photo by Joyce N. Boghosian I'll be signing this bill soon. But if you're a taxpayer or if you're a -- got income, earned income -- credited income up to $3,000, you can expect money back. And if you're a business owner, you're going to get some incentives to invest. And so you ought to be planning on investing now.

And so I really want to thank the Congress for getting this bill done, and I'm looking forward to signing it. It's going to help deal with the uncertainties in this economy.

Thank you all very much.

END 1:09 P.M. EST