Good for Mr. Bush

The President went right out there in today’s news conference touting the near five percent GDP report, as well as other strong indicators released earlier in the week. He also mentioned the 5.1 million jobs since August ’03.

Yesterday, Ben Bernanke reminded us that since June of ’03, real GDP has averaged 4 percent growth at an annual rate. Of course, lower tax rates on investment were put in place in mid 2003, so it’s no coincidence that GDP and jobs responded significantly to the strengthening of economic growth incentives.

The president also pushed for the extension of these very same tax rate incentives to keep the economy growing and to prolong the American economic boom, which remains the greatest story never told.

Bush repeated his veto threat for the overspending supplemental appropriations bill with its “Railroad to Nowhere” in Mississippi.

He told Congress to deregulate refining rules so we can produce more gasoline supplies. And he discouraged Congress from raising taxes on oil companies.

“Washington always wants to tax everything,” Bush said, and then went on to say what a lousy idea that is. This is exactly the kind of aggressive presidential communications strategy that needs to be made.

The economy is growing and Mr. Bush needs to keep talking about it.

Instead of blaming oil companies, Congress needs to deregulate energy markets to allow for greater investment and production of both renewable and non-renewable energy sources.

Good for Mr. Bush.