    [Weekly Compilation of Presidential Documents Volume 44, Number 6 (Monday, February 18, 2008)]
    [Page 179]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Remarks on the 2008 Economic Report of the President

    February 11, 2008

        The President. I want to thank members of my economic team for
    submitting this Economic Report of the President. I'm about to sign it.
    And so I want to--Eddie, thank you for your good work, you and your
    team.
        Council of Economic Advisers Chairman Edward P. Lazear. My pleasure.
        The President. This report indicates that our economy is
    structurally sound for the long term and that we're dealing with
    uncertainties in the short term. And therefore, what should we do about
    it? Well, I am so pleased that the Congress and the administration
    worked closely together to pass a robust progrowth package to deal with
    the uncertainty. That package is about 160 billion-plus dollars. What
    that means is, it means that money will be going directly to America,
    workers and families and individuals. It also means that there is
    incentives for American businesses.
        I'll be signing this bill soon. But if you're a taxpayer or if
    you're a--got income up to--earned income--I mean, credited income up to
    $3,000, you can expect money back. And if you're a businessowner, you're
    going to get some incentives to invest. And so you ought to be planning
    upon it--on investing now.
        And so I really want to thank the Congress for getting this bill
    done, and I'm looking forward to signing it. It's going to help deal
    with the uncertainties in this economy.
        Thank you all very much.

    Note: The President spoke at 1:07 p.m. in the Oval Office at the White
    House. In his remarks, he referred to H.R. 5140.