STATEMENT BY GOVERNOR BILL CLINTON ON RISE IN UNEMPLOYMENT

 

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Subject: CLINTON TEXT: UNEMPLOYMENT STATEMENT

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Date: Monday, 17 Aug 1992 17:10:50 CDT

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STATEMENT BY GOVERNOR BILL CLINTON ON RISE IN UNEMPLOYMENT

July 2, 1992

     Last month, the President said "the economy is moving" and

people would feel it.  The next day, the unemployment rate soared

to an eight year high of 7.5%.  Today's painful figures, and the

threat of a triple-dip recession, only illustrate how much we

need a bold economic strategy to rebuild America and invest in

our people.

     Unfortunately, over the last month, the President has done

nothing but throw up his hands and send out his top economic

advisors to criticize me for doing what he has never done:

proposing a national economic strategy.  The President just

doesn't understand that people want economic leadership, not more

political blame.

     Now, as the number of unemployed Americans nears a

staggering 10 million, it is clear that we can't afford another

four years of wait-and-see, do-nothing economics.  We can't

afford a President who is willing to do anything to keep his job,

but nothing to help average, hardworking Americans keep theirs.

     We need an economic action plan now.  During the Bush-Quayle

Administration, the American workforce has seen their pay

actually decline, while growth per American has been negative for

the first time since Herbert Hoover was President.  The American

people deserve better.

     Over this same past month, I have laid out my National

Economic Strategy for "Putting People First" to get the economy

moving again.  My plan is a comprehensive and bold action plan to

invest $50 billion more each year in our people so that we can

create millions of new jobs and build longterm economic growth.

We must put Americans to work today to build the economic

foundation for tomorrow.