President Bush and the Economy
After September 11th, 2001, the American economy went into a recession. Thousands of people lost jobs in the wake of the devastating attacks. The stock market took a major hit which also caused people to lose money. Today, America's economy is recovering and showing signs of growth. This can be attributed to the fact that President Bush is improving the American economy. Over the last two years, the American economy has been weak. The national and state economies have suffered great losses and therefore so have working families. Almost every economic measurement is looking down while job loss, unemployment, health care costs, poverty and personal bankruptcies are all up. One year after the end of the recession, millions of unemployed U.S. workers still cannot find jobs. Last year, the Bureau of Labor Statistics showed that America's workers were facing the biggest job crisis since the Great Depression. Employment has been the main concern among Americans since September 11th. The fact that many people are without jobs has caused many individuals to retire at an early age. It also means that many Americans had to find other ways of supporting their families. Since the beginning of his administration, the President has made many
The President's plan does the opposite. The President's plan is just one focused effort designed to remove those obstacles standing in the way of faster growth and greater progress. President Bush proposes giving states $3. The most recent proposal made by the President is an example of one that succeeded. The President's plan, according to a projection by the Council of Economic Advisers, will help the economy create 2. On January 7th, 2003, President Bush announced a growth and jobs plan which was enacted into law immediately. Nariman Behravesh, chief economist at Global Insight, an economic forecasting company in Waltham, Massachusetts, said that "the country is now in its second year of economic growth. " According to the Bureau of Labor Statistics, this is a striking contrast from last year when the unemployment rate increased 7. A public opinion poll taken in January (right before the proposals went into effect) showed that 50 percent of Americans approve of the job President Bush is doing in handling the economy, 47 percent disapprove, and 3 percent are neutral. A public opinion poll taken in July showed that 61 percent of Americans approve, 36 percent disapprove, and 3 percent are neutral. As President Bush said in his State of the Union Address this year, he "will not be satisfied until every American who wants a job can find one; until every business has a chance to grow; and until we turn our economic recovery into lasting prosperity that reaches every corner of America. The plan calls on Congress to extend unemployment benefits that expired on December 28th, 2002, and make them retroactive so people who lost benefits in December will receive them in full. These accounts would provide unemployed workers with up to $3,000 to use for job training, child care, transportation, moving costs, or other expenses associated with finding a new job.
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