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(单词翻译:双击或拖选)
White House
11 February 2008
President Bush says the fundamentals of the U.S. economy are strong, but admits the nation is currently in a period of economic uncertainty1. VOA White House Correspondent Paula Wolfson reports the president says the stimulus2 package he will sign into law Wednesday will provide a much needed boost.
The president says the $152 billion stimulus package of tax rebates3 and business incentives4 will keep the economy strong.
"I'm looking forward to signing it," he said. "It's going to help deal with the uncertainties5 in this economy."
Mr. Bush spoke6 as he signed off on his annual economic report to Congress - a Washington tradition much like the State of the Union Address and the submission7 of his yearly budget proposal.
"This report indicates that our economy is structurally8 sound for the long term, and that we're dealing9 with uncertainties in the short term," he said.
In the report, the president calls on Congress to take further action to strengthen the economy. He urges lawmakers to make the tax cuts enacted10 in his first term permanent, and to do more to help struggling homeowners.
The document, which was put together by the president's team of economic advisers11, predicts modest economic growth this year - 2.7 percent - and a slightly higher three percent growth rate next year.
These are more optimistic figures than those put forward by private sector13 economists14. And hanging over all this, is the fear among the consuming public that the U.S. economy could be headed for a recession.
Edward Lazear - the president's chief economic adviser12 - says the stimulus package, combined with aggressive action on interest rates by the U.S. central bank, will be enough to keep the economy from a sustained downturn.
"We believe that the stimulus package that was voted on last week will be quite effective in ensuring against these downside risks," he said. "And we think they will keep the economy from slipping into lower levels of growth."
Lazear also points to increased U.S. exports as a big economic plus.
"Net exports shifted from reducing GDP growth [growth in the national output of goods and services] to being a significant contributor in 2007," he said. "In large part this resulted from growth in the economies of our trading partners, from our own productivity growth and from changes in the terms of trade."
Lazear says the Bush White House remains15 committed to open trade. The administration is currently pushing for congressional approval of pending16 free trade agreements with Colombia, Panama and South Korea.
1 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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2 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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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 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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5 uncertainties | |
无把握( uncertainty的名词复数 ); 不确定; 变化不定; 无把握、不确定的事物 | |
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6 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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7 submission | |
n.服从,投降;温顺,谦虚;提出 | |
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8 structurally | |
在结构上 | |
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9 dealing | |
n.经商方法,待人态度 | |
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10 enacted | |
制定(法律),通过(法案)( enact的过去式和过去分词 ) | |
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11 advisers | |
顾问,劝告者( adviser的名词复数 ); (指导大学新生学科问题等的)指导教授 | |
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12 adviser | |
n.劝告者,顾问 | |
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13 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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14 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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15 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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16 pending | |
prep.直到,等待…期间;adj.待定的;迫近的 | |
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