Slide 4 of 26

USA Economic Expansion

• Unemployment is at 4.1%
• Inflation is below 3%
• GDP grew over 6% in 1999

In the new millennium, I believe that the biggest challenge for people around the world will be the continued concentration of wealth. This concentration of wealth is a danger to both our economic and political freedom. The U.S. economy is now in its longest economic expansion in our nation´s history. For example, unemployment is at 4.1% a 30- year low; there is a shortage of workers; inflation is below 3%; personal income has been increasing steadily for the past eight years the stock market is at record levels; corporate profits keep rising; the federal government's budget is in surplus; gross domestic product grew over 6% last year; and consumer confidence is at a 30-year high. The majority of the people in the US are experiencing the greatest period of prosperity in our nation's history.

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