Text 5076, 91 rader
Skriven 2007-08-03 23:30:56 av Whitehouse Press (1:3634/12.0)
Ärende: Press Release (0708032) for Fri, 2007 Aug 3
===================================================

===========================================================================
Fact Sheet: Job Creation Continues - More Than 8.3 Million Jobs Created
Since August 2003
===========================================================================

For Immediate Release Office of the Press Secretary August 3, 2007

Fact Sheet: Job Creation Continues - More Than 8.3 Million Jobs Created
Since August 2003 July 2007 Marks 47th Consecutive Month Of Job Growth

ÿÿWhite House News

ÿÿÿÿÿ In Focus: Economy

Today, The Bureau Of Labor Statistics Released New Jobs Figures  92,000
Jobs Created In July.ÿSince August 2003, more than 8.3 million jobs have
been created, with more than 1.8 million jobs created over the twelve
months ending in July.ÿ Our economy has now added jobs for 47 straight
months, and the unemployment rate remains low at 4.6 percent.ÿ

The President's Pro-Growth Policies Are Helping Keep Our Economy Strong,
Flexible, And Dynamic
  þ Real GDP Grew At A Strong 3.4 Percent In The Second Quarter Of 2007.
    The economy has now experienced nearly six years of uninterrupted
    growth, averaging 2.7 percent a year since 2001.
  þ Real After-Tax Per Capita Personal Income Has Risen By 11.4 Percent 
    An Average Of Over $3,400 Per Person  Since President Bush Took
    Office.
  þ Real Wages Rose 1.3 Percent Over The 12 Months Ending In June.ÿ This is
    faster than the average rate during the 1990s, and it means an extra
    $782 in the past year for a family with two average wage earners.
  þ Since The First Quarter Of 2001, Productivity Growth Has Averaged 2.8
    Percent Per Year.ÿThis is well above the average productivity growth in
    the 1990s, 1980s, and 1970s.

We Must Restrain Government Spending And Keep Taxes Low To Continue
Economic Growth

Since The President's Tax Relief Was Implemented, Record Levels Of Tax
Revenue Have Helped Us Toward Our Goal Of Balancing The Budget By
2012.ÿReceipts have increased nearly 37 percent in the last three years,
and the deficit is on track to declineby $205 billion in the same time
period.ÿ The President's FY 2008 Budget lays out a plan to continue this
deficit reduction while keeping taxes low, leading to a surplus in 2012 of
$33 billion.

Democrats In Congress Passed A Budget Resolution That Calls For $205
Billion In Additional Domestic Spending Over The Next Five Years  And Will
Lead To The Largest Tax Increase In American History. ÿIf Congressional
Democrats allow the tax relief we passed to expire:
  þ Those with children would see their taxes raised by $500 per child;
  þ The average family of four making $60,000 a year would see a tax
    increase of more than $1,800 a year;
  þ Around 26 million small business owners would suffer a tax increase of
    more than $4,000 a year; and
  þ 5 million low-income Americans who currently do not pay income taxes
    would be forced to once again pay income taxes.ÿ
  þ In Addition, The Democratic Majority Has No Plan To Deal With The
    Unchecked Growth In Entitlement Spending That Is Our Nation's Biggest
    Budget Challenge.ÿ The President's sensible reforms would slow the
    growth of entitlement programs by $92 billion over five years, but
    Congressional leaders have chosen to ignore this critical issue in
    their budget resolution.

The President Will Veto Appropriations Bills That Would Return Our Nation
To The Tax-And-Spend Policies Of The Past.ÿThe President proposed a
responsible level of discretionary spending in his FY 2008 Budget, and he
will veto annual spending bills that exceed this level.ÿ
  þ The President Has Also Proposed Reforms To Make The Earmark Process
    More Transparent And Cut The Number And Cost Of Earmarks By At Least
    Half.

President Bush Has Called On Congress To Pass The 12 Basic Spending Bills
Needed To Keep The Federal Government Running. ÿPresident Bush submitted
his budget to Congress nearly six months ago, but Congress has not yet sent
him one spending bill to sign, including the Defense Department
appropriations bill to fund our troops.ÿ Congress must get its work done
and pass these bills before the September 30th deadline.

Congressional Leaders Must Also Stand By Their Commitment To Pass Pending
Free Trade Agreements With Peru, Colombia, Panama, And South Korea.ÿThese
free trade agreements will create better-paying jobs for American workers
and farmers and provide new opportunities for entrepreneurs.

# # #
===========================================================================
Return to this article at:
http://www.whitehouse.gov/news/releases/2007/08/20070803-2.html

 * Origin: (1:3634/12)