(These) are my thoughts, not Georges as he has none of his own.
THE PRESIDENT: Thank you all. Good morning. This week I went to the Pentagon for the swearing-in of our nation's new Secretary of Defense, Bob Gates. Secretary Gates is going to bring a fresh perspective to the Pentagon, and America is fortunate that he has agreed to serve our country once again. I'm looking forward to working with him.
Secretary Gates is going to be an important voice in the Iraq strategy review that's underway. As you know, I've been consulting closely with our commanders and the Joint Chiefs of Staff on the strategy in Iraq, and on the broader war on terror. One of my top priorities during this war is to ensure that our men and women wearing the uniform have everything they need to do their job. ( Except for the right body armor)
As we work with Congress in the coming year to chart a new course in Iraq and strengthen our military to meet the challenges of the 21st century, we must also work together to achieve important goals for the American people here at home. This work begins with keeping our economy growing. As we approach the end of 2006, the American economy continues to post strong gains. The most recent jobs report shows that our economy created 132,000 more jobs in November alone, and we've now added more than 7 million new jobs since August of 2003.
The unemployment rate has remained low, at 4.5 percent. A recent report on retail sales shows a strong beginning to the holiday shopping season across the country -- and I encourage you all to go shopping more. ( Just like after 9/11 happened)
Another area where we can work together is the minimum wage. I support the proposed $2.10 increase in the minimum wage over a two-year period. I believe we should do it in a way that does not punish the millions of small businesses that are creating most of the new jobs in our country. So I support pairing it with targeted tax and regulatory relief to help these small businesses stay competitive and to help keep our economy growing. I look forward to working with Republicans and Democrats to help both small business owners and workers when Congress convenes in January. ( $2.10 over two years? We'll need to raise it $4.00 by then) Full transcript HERE