Bush's "State of the Economy" Speech

    Bush gave this speech at Wall Street on Wednesday and he targeted the pay of the nations CEO's.

   Original Article

 Bush:"Government should not decide the compensation for America's corporate executives.But the salaries and bonuses of CEO's should be based on their success at improving their companies and bringing value to their shareholders."

"America's corporate boardrooms must step up to their responsibilities.You need to pay attention to the executive compensation packages that you approve. You need to show the world that America's businesses are a model of transparency and good corporate governance."

   On the economy, Bush said,"The state of our economy is strong."

Since Bush took office in 2001, the country has seen one in five manufacturing jobs disappear, a total of 2.96 million lost jobs. The U.S. trade deficit is expected to climb to a fifth consecutive record when final 2006 figures are totaled next month.

 

Technorati tags: Bush, Economy