He’s right! Bermuda and India are doing quite well

From Remarks by the President on the Economy, the White House, July 2, 2004:

“We’ve got an economy which is changing. The nature of the job base is changing. And all that means it’s been a difficult period of time. Yet we’re strong, we’re getting stronger. We’re witnessing steady growth, steady growth. And that’s important.

From Return of consulting lifts Accenture: First growth in consulting operations in 2-1/2 years boosts firm’s profit above Wall Street’s views, CNN/Money, July 7, 2004:

Accenture Ltd., one of the world’s largest consulting firms, said Wednesday its quarterly profit rose sharply thanks to strong demand for outsourcing and the first real increase in consulting revenue in 2-1/2 years.
For the fiscal third quarter ended May 31, the Bermuda-incorporated company posted earnings of $210.4 million, or 37 cents a share, up from $132.1 million, or 28 cents a share, a year earlier. The figures were in line with preliminary results the company provided last month.