Bush: Americans should be confident about economy

29-01-2008

Bush: Americans should be confident about economy
US president George Bush has admitted economic growth is slowing but appealed to Americans to be "confident" about the economy in the long run.

With the country's credit crunch affecting markets around the world and triggering fears of a nationwide recession, Mr Bush admitted that "at kitchen tables across our country, there is a concern about our economic future".

But in his state of the union address, the president reassured that measures are in place to improve the situation, including a "robust growth package" which contains tax relief for families and incentives for business investment.

He outlined the budget he will submit next week, arguing that it will terminate or substantially reduce 151 "wasteful or bloated programmes", totalling more than $18 billion (£9.06 billion).

"The budget that I will submit will keep America on track for a surplus in 2012," Mr Bush told Congress.

"American families have to balance their budgets; so should their government."

The president also outlined his goals for his final year in office, including improving health, housing and education.

A secure energy supply for Americans is also high on the agenda; Mr Bush called for renewable technologies to be developed and for an international clean technology fund, which will help developing nations like India and China make greater use of clean energy sources.

Mr Bush also praised American forces engaged in overseas operations including Iraq and Afghanistan, pledging full funding for them so "you will have all you need to protect our nation".

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure