For Immediate Release
February 27, 2003
President's Remarks After Meeting with President Karzai of Afghanistan 02/27/03
Click here for full transcript.
Q Mr. President, consumer confidence numbers hit their lowest
levels in, I think, nine years yesterday. And many of those surveyed
say that they're more concerned about the economy than they are about
Iraq. Money managers on Wall Street say that even when the uncertainty
over what is happening in Iraq is resolved, there remain many obstacles
of a purely business nature that leave them less than confident looking
forward. Are you frustrated by the sense that perhaps perception could
become reality here, that the lack of confidence seems to be becoming
more entrenched?
PRESIDENT BUSH: I've got confidence in the future of our economy.
There's strong signals that this economy will improve. But I
understand we need to have a stimulus package to make sure that the
forecasts and the predictions become true. A lot of the experts are
projecting growth at 3.3 percent. Inherent in their projections is
that Congress pass a stimulus package, fiscal stimulus package. I
proposed the one that I think will work.
And so that is one of the reasons why you're seeing this
administration on a regular basis pursue a stimulus package that will
have a positive effect for job creation, a stimulus package directed to
small business owners in America, a stimulus package which will
encourage investment, a stimulus package which will ultimately help
seniors because their dividends might be taxed twice. So this is a
stimulus package that is very positive.
But I'm very optimistic about the future of this country
-- the economic future, and I'm optimistic about our chances to
achieve peace.
Thank you all.
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