From: U56503@uicvm.uic.edu
Newsgroups: sci.econ
Subject: ==> Essential Clinton On The Economy (II)
Date: 16 Oct 92 06:04:46 GMT
Article-I.D.: uicvm.92290.010446U56503
Organization: University of Illinois at Chicago

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Information in the public interest which does not imply that it
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THE ESSENTIAL BILL CLINTON: THE ECONOMY (Part II)



THE PLAN FOR CHANGE
---------------------------
"My plan is a bold plan.  It offers fifty billion dollars in
new investments over the next four years--in each of the
next four years.  New incentives for the private sector, an
investment tax credit, urban enterprise zones, new business
tax incentives, research and development incentives, and
others."

"It offers twenty billion dollars a year in hard federal
dollars, every year for the next four years, to build an
economy for the twenty-first century, to invest in new roads
and bridges and streets and rail systems, to develop high-
speed rail and a national fiber optic network, to develop
new environmental technologies to clean our waters and our
air, and to recycle more of our solid wastes.  In short, to
do those things we are not doing today.

"This twenty billion dollars will create a million jobs a
year in each of the next four years, driving funds into your
cities. . . .  It will enable us to spend more in
infrastructure, and in law enforcement, and in education,
and in social services. . . .  this will happen without
spending one red cent of state or local money or private
sector money."

"I support incentives for military personnel to earn
military retirement by taking jobs as teachers and police.
. . .  I want to retrain defense industry technicians for
work in critical civilian fields such as biotechnology,
renewable energy, and environmental cleanup."

"I want America to chart a new course, to depart from twelve
years of dominance by special interests and big government
that has given one percent of the American people at the top
more wealth than the bottom ninety percent for the first
time since the 1920's, [years] that have cost us our
economic leadership, our growth rates, and the reward for
work which ought to be part of the American Dream.  That
have undermined the strength of our families and have raised
the awful specter that we may be rearing the first
generation of Americans to do worse than their parents.



THE BUSH RECORD
---------------------------
The Bush/Quayle Administration has the worst record for
small business and economic growth since Herbert Hoover.

During the first three years of the Bush/Quayle
Administration, the number of new business incorporations
declined at a 3.3 percent annual rate, the first decline
since 1945 [Joint Economic Committee]

In 1991, 944,00 individuals and businesses filed for
bankruptcy--the highest number since the current U.S.
Bankruptcy Code took effect in 1979.  During the Bush
Administration, the number of personal  bankruptcies filed
exceeds net new jobs created by a 3-1 margin.
[Administrative Office of the U.S. Courts]

Since George Bush took office, no net private sector jobs
have been created, unemployment has increased by 3 million,
1.2 million manufacturing jobs have been lost, and real
weekly earnings have fallen by 4 percent.  [Bureau of Labor
Statistics, Department of Commerce]

The conservative Heritage Foundation recently concluded that
"although President Bush often complains about the burden
placed on the economy by excessive regulation, only Richard
Nixon in the last two decades has done more to add to this
burden."



THE CLINTON ALTERNATIVE
---------------------------
Under Bill Clinton's leadership, Arkansas has led the nation
in creating jobs, and the Arkansas Development Finance
Authority Clinton helped create has become a model in small
business financing assistance.

"Yesterday [10/3/92], in the Wall Street Journal, which is
hardly an arm of the Democratic Party, there was a huge
article on our administration in Arkansas, which said that
we had enjoyed solid job growth while we had kept taxing and
spending steady in a state with the second lowest overall
tax burden in the country."

"[In fact,] in my state, we led the country in the last year
in private sector job growth."

"When we raised money, we raised it on things that would
generate growth and income.  We spent all the money we
raised on education, on training, on new technology, on new
transportation systems, on investments in growth that would
increase wealth.  That is what we have to do as a country."

"the budgets [George Bush] has submitted have nearly doubled
the debt.  Even worse, he wasted billions and reduced our
investment in education and jobs.  We can do better."

"He has never balanced a government budget.  But I have,
eleven times."



ENDORSEMENTS:
---------------------------
Nobel Prize winning economists:
Paul Samuelson, MIT (1970)
Kenneth Arrow, Stanford (1972)
Lawrence Klein, Penn (1980)
James Tobin, Yale (1981)
Franco Modigliani, MIT (1985)
Robert Solow, MIT (1987)

Business and Professional Women's PAC, by unanimous vote.
The 7,000 participants at the B&PW convention in Minneapolis
made the first presidential endorsement in B&PW's 75-year
history.  Said Chairwoman, Mariwyn Heath (7/28/92, "This
political action committee looked at the voting records of
the candidates, their vetoes and the power that they use for
and against women, and took this bold step to endorse the
presidential ticket of Bill Clinton and Al Gore."

Roger Johnson, Chairman, Western Digital (member of the
Orange County Eight and one of 30 presidents or CEOs of some
of the nation's leading high-tech companies endorsing
Clinton):  "As a Republican who has voted for every GOP
presidential candidate since Eisenhower in 1952, it has been
an eye-opening experience to find that a Democratic governor
from Arkansas has a far better understanding of what America
needs than does an incumbent Republican Administration."

Delano Lewis, President and CEO, C&P Telephone:  "The
Clinton-Gore plan is an investment in people, in plant, and
in equipment, the elements that [will] generate private
sector investment and participation in national economic
recovery.  For business people who want to provide
employment opportunities, this plan makes absolute sense."

Kathryn Thompson, real estate developer (and member of the
Orange County Eight):  "Bill Clinton knows only an
economically strong America can preserve world peace and
promote expanding markets.  Bill Clinton can see past the
moment and therefore is the most qualified [presidential
candidate] in shaping history in America's best interest."

The Seattle Times (10/4/92):  Bush has provided over an
economy that has created the fewest jobs of any
administration since WWII. . . .  As Bush tries to blame
others, Clinton talks about the future with plans for
investments in educations and major jobs-training programs
and strengthening the public works that allow private
commerce to thrive."

AFL-CIO President, Lane Kirkland:  "Working people want a
government that fights to rebuild the country's economic
strength, provides fair opportunities and seeks--in the
words of the Pledge of Allegiance--"liberty and justice for
*all*."   [Meeting earlier this month, the AFL-CIO General
Board, composed of representatives from all 88 unions
affiliated with the federation, endorsed the Clinton-Gore
ticket.]

John P. White, former Issues Director, Perot Petition
Committee (10/5/92):  "Today, I am announcing my support for
Governor Bill Clinton for President of the United States.
. . .  I believe that a Clinton presidency will achieve for
the country the essential combination of economic growth,
good jobs, and long-term fiscal strength.  I believe Clinton
has an excellent economic plan and will provide the long-
term deficit reduction that will be necessary to return
America to a sound footing."