 Ladies and gentlemen, the President of the United States, good morning again. No. I know you all think here this morning I'm here to talk about the unemployment rate. I am. And to make a general point about the economy as well, total employment rose in July by 472,000, and to make a general point, well, unemployment fell by 36,000. And that means the unemployment rate went down another tenth of a point to 5.9%, breaking for the first time in eight years the 6% mark. And I think it's particularly important to point out that this breakthrough of the 6% mark does not occur in a hyperinflated economy as it did in 1979, but is based instead on sound growth and steady long-term job creation. Now, the below 6% figure is remarkable news. I think all of you can recall there were those who said that low rates of unemployment coupled with low rates of inflation were simply unattainable. In addition, this is another record for the total number of people employed in this country, again pointing to a solid start for the economy in the third quarter, all of which goes to the larger point that I want to make today. Yesterday in this room, the Chairman of our Council of Economic Advisers, Beryl Sprinkel, went through with you the economic statistics for this year and the revised numbers for the past three years. As Chairman Sprinkel said, these figures indicate that the economy is performing well in 1987 and performed even better than thought during the preceding three years. Our trade balance is better, employment is growing and unemployment falling, and after a temporary increase earlier this year, inflation is returning to the 4% range that we've seen during most of this expansion. All of this is excellent news for the American economy and for the American people. The days of economic stagnation are not a distant memory to the American people. They're vitally aware of the importance of maintaining America's prosperity and never again returning to the days of high inflation, climbing interest rates, growing unemployment, and no growth. And that's why it was the right decision to take to the country the message I have during the past six months, that deficit spending, tax increases, and protectionism threaten our hard-won prosperity. I believe this is a message the American people are responding to. I believe they want to check the tendency to overspend and overtax, and I believe that as they see continued economic growth in the months and years ahead, the American people will support our efforts through the Economic Bill of Rights to institutionalize sound growth and economic reform and to prevent the excesses of big government that jeopardize prosperity. Now having said that, I'm not going to take any questions and I'm going to stop interrupting Marlin's news briefing here. Yes. I'm not going... Wednesday at 8 o'clock, tune in. We're telling you that Ortega is turning down your peace plan, sir. Does it appear to you that Ortega is turning it down? Tune in, 8 o'clock. We're talking about the higher inflation rates taking place in all the economies. Aren't you concerned about the revised inflation forecaster? Hey, how's your nose? At least give us the nose report. Ah! Then you can't make any money.