EVANS:
PRESIDENT BUSH’S JOBS AGENDA BOOSTS ECONOMY IN 2ND QUARTER,
PROVIDES A "WIN-WIN" FOR
AMERICAN FAMILIES AND BUSINESSES
WASHINGTON,
D.C. – Commerce Secretary Donald L. Evans applauded
today’s economic data that showed more American businesses
exporting and building their inventories in order to respond to
strong consumer demand.
“President
Bush’s economic agenda is a clear win-win for American families
and businesses defeating our critics’ no-win pessimism that
would stifle growth with higher taxes, burdensome regulations and
economic isolationism. The administration’s economic
agenda has given businesses the confidence to hire new workers,
expand their operations and sell their products to new markets.
The President’s policies have successfully led us out of the
recession we inherited and has given families and workers the hope
to succeed.”
NOTE:
Second Quarter GDP Revised Up 3.3%
The Commerce Department reported this morning that second-quarter
GDP was upwardly revised to 3.3% from a previously reported 2.8%.
The upward revision was the result of stronger than initially reported
residential investment, business equipment investment, higher inventory
investment, and a narrower trade gap. Over the last four quarters,
GDP has risen at a robust 4.8% rate - one of the strongest yearly
readings in 20 years.