George W. Bush acknowledged in 2001 that a recession was possible due to terrorism and the threat of war, and called for decisive action to support economic growth. In subsequent speeches in 2002, 2003, and 2008, Bush emphasized reducing taxes and enacting pro-growth policies to put more money in the hands of families and businesses, which would invigorate demand, create jobs, and stimulate steady economic growth.
George W. Bush acknowledged in 2001 that a recession was possible due to terrorism and the threat of war, and called for decisive action to support economic growth. In subsequent speeches in 2002, 2003, and 2008, Bush emphasized reducing taxes and enacting pro-growth policies to put more money in the hands of families and businesses, which would invigorate demand, create jobs, and stimulate steady economic growth.
George W. Bush acknowledged in 2001 that a recession was possible due to terrorism and the threat of war, and called for decisive action to support economic growth. In subsequent speeches in 2002, 2003, and 2008, Bush emphasized reducing taxes and enacting pro-growth policies to put more money in the hands of families and businesses, which would invigorate demand, create jobs, and stimulate steady economic growth.
"The American economy is showing signs of faltering that have been aggravated by terrorism and the threat of war. A recession is possible, but not inevitable. What is certain, however, is that we must take strong and decisive action to support economic growth."
2. 2002 State of the Union Address:
"We will continue our aggressive efforts to strengthen our economy. We've reduced taxes. We passed tough reforms of corporate America. We passed tough reforms of our accounting industry. And now we must act to enact growth and jobs."
3. 2003 Economic Forum at Baylor University:
"When workers have more take-home pay, they can spend, save, or invest that money, which invigorates demand and creates jobs. By reducing taxes on individual Americans, we have put money back into the American people's pockets, which has helped stimulate economic growth."
4. 2008 Address on the Economy:
"I signed into law the most significant pro-growth tax incentives in a generation... And because more money in the hands of families and businesses means more consumption and more investment, the result has been seven years of steady economic growth and more jobs for our workers."