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Bush Report Declares Economy RecoveringBy MARTIN CRUTSINGER WASHINGTON (AP) -- Declaring that "America's economy is strong and getting stronger," President Bush told Congress Monday in his annual economic report that last year's tax cut was doing the job in reviving business growth. This year's 412-page "Economic Report of the President," is considerably more upbeat than Bush's report a year ago, issued at time when the country was still mired in a lackluster recovery with the unemployment rate continuing to rise. In the new report, written as a strong defense of Bush's economic stewardship, the president says that the country has been able to overcome a series of shocks starting with the bursting of the stock market bubble in early 2000 followed by the first recession in a decade, the terrorist attacks, two wars and corporate accounting scandals. "Americans have responded to each challenge and now we have the results: renewed confidence, strong growth, new jobs and a mounting prosperity that will reach every corner of America," Bush wrote in the message transmitting the report to Congress. The release of Bush's economic report, prepared by the president's Council of Economic Advisers, came on a day when the president was appearing in Missouri to tout the country's economic rebound, one of three such trips he has scheduled this week. Continue with:Oil Ministers Ask OPEC to Curb ProductionGambling a solution for California?White House sees about 2.6 mln new US jobs in 2004U.S. TreasuriesVenezuela devalues bolivar 16.6 percentBush Administration Forecasts U.S. Unemployment Rate to Fall Through 2009Jobless rate belies tough realityAre Home Equity loans good ideas when you want to pay off low debt and do some Home Improvement projects?ECONOMIC DEVELOPMENTThis week in businessHiring Outlook 2004, Part 1Commentary: Cutting Through The Budget SmokeThe Budget: Hey Guys, Get RealSEC May Put the Squeeze on Pricey Index FundsFresh US home sales record seen in 2004-Freddie Mac112,000 Jobs Added, Most In Three Years But Below Forecast
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