The U.S. business community has added almost 17 million jobs since President Clinton took office. Inflation is at historic lows. Interest rates are down. For Europe, it is economic springtime. We see sustained growth of 2.5 to 3 percent a year.
Inflation poses no significant threat.
And consumer spending is on the rise. The only dark spot is stubbornly high unemployment rates. In fact, it is at the very core of our prosperity. The transatlantic market is by far the world's largest. Over the last 30 years, our trade has been balanced.