This is the annual Economic Report of the President for 2009 originally issued by the Council of Economic Advisers to the President. Each year in February, the Council of Economic Advisers submits this report on its activities during the previous calendar year in accordance with the requirements of the Congress as set forth in section 10(d) of the Employment Act of 1946. The 2009 Economic Report of the President topics related to leading economic issues such as: • A review of economic developments in 2008 as well as the forecast for the near-term outlook. • Current annual financial goals concerning topics, including employment, production, real income and Federal budget outlays. • Employment objectives for significant groups of the labor force. • Annual financial goals and a program for carrying out program objectives. Supplemental reports included are: • Economic Indicators - December 2008, Prepared for the Joint Economic Committee by the Council of Economic Advisers, and • Immigration's Economic Impact - June 2007, Prepared by the Council of Economic Advisers.