http://www.whitehouse.gov/news/releases/2004/07/20040731.htmlTHE PRESIDENT: Good morning. This week we received encouraging reports that show our economy is gaining strength. Consumer confidence hit a two-year high in July. Existing home sales hit an all-time new record in June. The home ownership rate has hit a new all-time high. And since last summer, our economy has grown at a rate as fast as any in nearly 20 years.
These gains in our economy have come at a time when Americans are benefiting from the full effects of tax relief. I have traveled across America, meeting small business owners who are investing tax savings into new equipment, and I have met families who are using tax savings to pay for their children's needs. All of this added economic activity is creating opportunity. Since last August, Americans have started work at more than 1.5 million new jobs, many of them in high-growth, high-paying industries.
These are hopeful signs and we must make sure our economy continues to gain momentum. Families are working hard to make ends meet, and these families depend on good policies in Washington that promote growth, new jobs and new opportunities.
To millions of hard-working Americans, tax relief has been the difference in helping make ends meet. This is a crucial time for our economy. We have emerged from a period of great challenge. Terrorist attacks, recession and corporate scandal hurt the wallets of millions of Americans, but these shocks to our economy did not damage our spirit. We're a hardworking and resilient nation. Our economy is on a rising path, and together, we will bring our prosperity to every corner of America.