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(单词翻译:双击或拖选)
White House
02 May 2008
The U.S. economy lost 20,000 jobs in April as higher food and fuel costs continue to slow economic growth. VOA White House Correspondent Scott Stearns reports, U.S. President George Bush says tax refunds1 and business incentives2 should help improve the economy by July.
President Bush delivers remarks on the economy at World Wide Technology Inc. in Maryland Heights, Missouri, 2 May 2008 |
Speaking to workers in the Midwest state of Missouri, President Bush said the economy is not as robust5 as he would like, but he is certain it will improve.
"I know it is tough times. And I know you are having to pay more at the fuel pump then you want, but this economy is going to come on. I'm confident that it will," he said.
The president says a temporary economic stimulus6 package of tax rebates7 and business incentives should start helping8 turn the economy around by the start of the third financial quarter in July.
The first of those tax rebates to more than 130 million households went out this week. The rest will follow throughout May.
There was April job growth in education and health care, but not enough to make up for sharp losses in construction and manufacturing.
The U.S. automotive industry says vehicle sales are at their slowest in ten years. The world's largest automaker, General Motors, says it is reducing production of large pickup9 trucks and sport-utility vehicles at four plants in the United States and Canada because of poor sales.
Higher gasoline and food prices are depressing U.S. retail10 sales. Home prices nationwide are down ten percent. Consumer confidence is at a five-year low.
Much of the current slowdown follows the crisis that hit the housing market earlier this year. Many new homebuyers got low introductory interest rates, but were unable to meet their mortgage payments when those rates went up, leading to record foreclosures.
Public opinion polls say the economy has replaced the war in Iraq as the single biggest issue on the minds of voters ahead of November's presidential election. An NBC News/Wall Street Journal poll this past week says 73 percent of Americans believe the nation is heading in the wrong direction.
1 refunds | |
n.归还,偿还额,退款( refund的名词复数 )v.归还,退还( refund的第三人称单数 ) | |
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2 incentives | |
激励某人做某事的事物( incentive的名词复数 ); 刺激; 诱因; 动机 | |
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3 consecutive | |
adj.连续的,联贯的,始终一贯的 | |
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4 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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5 robust | |
adj.强壮的,强健的,粗野的,需要体力的,浓的 | |
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6 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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7 rebates | |
n.退还款( rebate的名词复数 );回扣;返还(退还的部份货价);折扣 | |
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8 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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9 pickup | |
n.拾起,获得 | |
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10 retail | |
v./n.零售;adv.以零售价格 | |
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