President George W. Bush will point to faster-than-expected growth and other positive economic news on Monday in a speech he hopes will help convince Americans the economic outlook is rosier than they think.
Bush, whose approval ratings are at all-time lows, faces public pessimism over the economy and questions from some commentators over whether the U.S. economy is fundamentally sound, given a soaring budget deficit and a trade deficit with China that is heading for $200 billion for the year.
He plans to seize on recent good economic news as evidence that the underpinning of the economy is strong when he speaks at 1.15 EST (1815 GMT) at a construction machinery plant in Kernersville, North Carolina, White House officials said.
Given the GDP numbers last week and the latest numbers on the labor market, the economy continues to boom. By the way, President Bush's approval ratings are going up.
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