President George W. Bush gestures as he speaks to workers at Caterpillar Inc. in East Peoria, Ill., Tuesday, Jan. 30, 2007, on the strength of the U.S. economy. White House photo by Paul Morse
President Bush on Wednesday said, "As we begin this New Year, America's businesses and entrepreneurs are
creating new jobs every day. Workers are making more money -- their
paychecks are going further. Consumers are confident, investors are
optimistic. Just today, we learned that America's economy grew at an
annual rate of 3.5 percent in the fourth quarter of 2006. That means
our economy grew at 3.4 percent last year, which is up from 3.1
percent in 2005. Ladies and gentlemen: The state of our economy is
strong. And with the hard work of the American people and
the right policies in Washington, we're going to make it even
stronger."
President Bush on Tuesday said, "It's one thing to say today's economy is strong -- I say it because inflation is down, interest rates are down, wages are on the increase, unemployment rate nationally is low, people are working and putting more money in their pocket. And the question facing the country is, what are we going to do to make sure it's strong tomorrow?"
In his 2007 State of the Union Address, President Bush addressed the major issues facing our nation and discussed opportunities for both parties to work together to accomplish big objectives for the American people. The President unveiled a positive, comprehensive agenda that will improve the daily lives of the American people and explain how our actions in the world will make our Nation safer and more secure. The President believes we can find practical ways to advance the American Dream and keep our Nation safe without either party compromising its principles.
One of the principal purposes of the Cabinet is to advise the President on any subject he may require relating to the duties of their respective offices.