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(单词翻译:双击或拖选)
THE PRESIDENT: Good morning. This week, the Commerce Department reported that GDP grew at an annual rate of six-tenths of a percent in the first quarter. This rate of growth is not nearly as high as we would like. And after a record 52 months of uninterrupted job growth, April was the fourth month in a row in which our economy lost jobs, although the unemployment rate dropped to five percent.
My Administration has been clear and candid1 on the state of the economy. We saw the economic slowdown coming, we were up front about these concerns with the American people, and we've been taking decisive action.
In February, I signed an economic growth package to put more than $150 billion back into the hands of millions of American families, workers, and businesses. This week, the main piece of that package began being implemented2, as nearly 7.7 million Americans received their tax rebates3 electronically. Next week, the Treasury4 Department will begin mailing checks to millions more across the country. And by this summer, it expects to have sent rebates to more than 130 million American households. These rebates will deliver up to $600 per person, $1,200 per couple, and $300 per child.
This package will help American families increase their purchasing power and help offset5 the high prices that we're seeing at the gas pump and the grocery store. It will also provide tax incentives6 for American businesses to invest in their companies, which will help create jobs. Most economic experts predict that the stimulus7 will have a positive effect on the economy in this quarter and even a greater impact in the next. And Americans should have confidence in the long-term outlook for our economy.
While getting more money back in the hands of Americans is a good start, there are several additional steps that Congress needs to take to ease the burdens of an uncertain economy. Americans are concerned about energy prices. To increase our domestic energy supply, Congress needs to allow environmentally safe energy exploration in northern Alaska, expand America's refining capacity, and clear away obstacles to the use of clean, safe nuclear power.
Americans are concerned about rising food prices. Yet, despite this growing pressure on Americans' pocketbooks, Congress is considering a massive farm bill. Instead, they should pass a fiscally8 responsible bill.
Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize9 the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans.
Americans are concerned about their tax bills. With all the other pressures on their finances, American families should not have to worry about the Federal government taking a bigger bite out of their paychecks. So Congress should eliminate this uncertainty10 and make the tax relief we passed permanent.
America is now facing a tough economic period, but our long-term outlook remains11 strong. This week we saw evidence that our economy is continuing to grow in the face of challenges. This should come as no surprise. No temporary setbacks can hold back the most powerful force in our economy -- the ingenuity12 of the American people. Because of your hard work and dedication13, I am confident that we will weather this rough period and emerge stronger than ever.
Thank you for listening.
1 candid | |
adj.公正的,正直的;坦率的 | |
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2 implemented | |
v.实现( implement的过去式和过去分词 );执行;贯彻;使生效 | |
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3 rebates | |
n.退还款( rebate的名词复数 );回扣;返还(退还的部份货价);折扣 | |
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4 treasury | |
n.宝库;国库,金库;文库 | |
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5 offset | |
n.分支,补偿;v.抵消,补偿 | |
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6 incentives | |
激励某人做某事的事物( incentive的名词复数 ); 刺激; 诱因; 动机 | |
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7 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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8 fiscally | |
在国库方面,财政上,在国库岁入方面 | |
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9 modernize | |
vt.使现代化,使适应现代的需要 | |
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10 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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11 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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12 ingenuity | |
n.别出心裁;善于发明创造 | |
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13 dedication | |
n.奉献,献身,致力,题献,献辞 | |
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