Statement on Consumer Confidence

Today's Conference Board release, along with the University of Michigan's release earlier this month, indicate more good news on the economy.

Today's report shows that Americans are more confident about economic conditions than they have been in 28 years. With consumer confidence, unemployment, and inflation the best they've been in decades, America's economy is the strongest in the world and the best in a generation.

Unemployment is at its lowest level in 24 years, economic growth is the highest it has been in a decade, and inflation is the lowest for any administration since John F. Kennedy was President. We have already cut the deficit 77 percent since 1992, helping spark this remarkable period of strong growth and low inflation.

Now is the time to build on the bipartisan budget agreement, which will balance the budget for the first time since 1969, honor our values, and help to continue this solid economic performance.