000 for the first time.
 

Speaking with reporters after meeting with his economic team, Mr. Bush urged the American people to "take a good look at this economy of ours."
President Bush is attempting to reassure nervous U.S. financial markets after several days of steep declines. VOA's Michael Bowman reports from the White House, where Mr. Bush touted strong economic data amid a growing world economy.
"Job growth has been strong, and that is what you would expect when our economy is strong and resilient and flexible. People [are] working,Abercrombie & Fitch, [the] unemployment rate is down,polo ralph lauren france, wages are increasing," he said.
The president credited America's free enterprise system,polo ralph lauren discount, along with a strong global economy that is purchasing American goods.
U.S. financial markets have been hit hard by continuing woes in America's housing sector,polo ralph lauren, including soft home sales and high default rates among homeowners with high-risk, or so-called "sub-prime" mortgages. Concerns about a weak U.S. dollar are also said to have contributed to recent sell-offs that have seen the Dow Jones Industrial Average shed some 600 points this week after closing above 14,louboutin pas cher,000 for the first time.
By Michael Bowman
White House
27 July 2007
With recent convulsions in the U.S. stock market appearing to shake the confidence of investors at home and abroad, President Bush pointed to figures showing the U.S. economy expanded at an annual rate of 3.4 percent in the second quarter of this year. The number was a vast improvement over the first three months of the year, when the economy nearly stalled, expanding at a rate of less than one percent.
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