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THE PRESIDENT: Good morning. This week I visited the city of Chicago. In that great city, and across America, our strong and growing economy is creating jobs and delivering prosperity to more of our people.
In the Chicago area, businesses have added more than 74,000 new jobs over the past two years. And in Illinois, the unemployment rate has fallen to 4.6 percent, the lowest rate there in over 5-and-a-half years.
In the first quarter of 2006, our economy grew at an impressive annual rate of 5.6 percent. This follows our economic growth of 3.5 percent in 2005, the fastest rate of any major industrialized nation. And because taxes are low, our workers are keeping more of the money they earn.
Behind each of these positive statistics are countless1 stories -- stories of workers who start each day with hope because they have a job that will help them build a better life; stories of families with more money in the bank for college tuition, or a down payment on a home; stories of small business owners who know they can hire more workers and grow with confidence.
Our economic expansion is lifting the lives of millions of Americans, and to keep this expansion going, we must maintain the pro-growth, low-tax policies that helped to launch it in the first place. The tax relief we delivered has helped unleash2 the entrepreneurial spirit of America and kept our economy the envy of the world. So I will continue to work with Congress to make that tax relief permanent.
Our economy is also thriving because America remains3 the world's most innovative4 nation. During my trip to Illinois, I visited a company called Cabot Microelectronics, which makes products for manufacturing semiconductor5 chips and other high-tech6 components8. Cutting-edge firms like Cabot are creating good jobs for our workers and helping9 to keep America competitive in the global economy.
To help companies like Cabot maintain our nation's competitive edge, I proposed my American Competitiveness Initiative. This initiative will double federal funding for research in promising10 areas such as nanotechnology, supercomputing, and alternative energy sources. The initiative will also encourage bolder private sector11 investment in technology, and help ensure that every American child has the math and science skills needed for the jobs of tomorrow.
Last month, the House of Representatives approved full funding for the basic research component7 of this initiative. I urge the Senate to follow the House's lead, so America can remain an innovative nation that competes with confidence.
Americans are living in times of great hope and great opportunity. By keeping our taxes low, keeping our country competitive, and keeping this a welcoming nation, we will add to our prosperity, and we will create a better America for future generations.
Thank you for listening.
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1 countless | |
adj.无数的,多得不计其数的 | |
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2 unleash | |
vt.发泄,发出;解带子放开 | |
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3 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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4 innovative | |
adj.革新的,新颖的,富有革新精神的 | |
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5 semiconductor | |
n.半导体 | |
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6 high-tech | |
adj.高科技的 | |
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7 component | |
n.组成部分,成分,元件;adj.组成的,合成的 | |
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8 components | |
(机器、设备等的)构成要素,零件,成分; 成分( component的名词复数 ); [物理化学]组分; [数学]分量; (混合物的)组成部分 | |
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9 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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10 promising | |
adj.有希望的,有前途的 | |
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11 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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