Business
(2008-08-30)
A shopper walks past a store display in New York
President Bush says Americans may have cause this Labor Day weekend to start worrying less about the nation's -- and their families' -- economic health.
In his weekly radio address, Bush says, "There have been some recent signs that our economy is beginning to improve."
Among the positive signs he references is a report Thursday that the overall economy, as measured by the gross domestic product, rose by 3.3 percent in the second quarter.
He says the 93-billion-dollar economic stimulus package "is having its intended effect."
The president says "many Americans who received tax rebates are spending them" and that businesses are taking advantage of tax incentives to purchase new equipment this year.
But he says he recognizes that "there are families across our country struggling to make ends meet."
Bush says he shares their concerns about the high price of gas and food and about the health of the nation's housing and job markets.
© Copyright 2012, Associated Press
