[Congressional Record Volume 140, Number 71 (Thursday, June 9, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: June 9, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                              THE ECONOMY

  (Mr. DERRICK asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. DERRICK. Mr. Speaker, things cannot go bad enough for 
Republicans. Never mind merely predicting disaster. They need proofs of 
disaster under Democratic stewardship to prove their bark is not worse 
than their bite.
  But the most recent economic figures will not teeth their empty gums. 
The economy is humming; 16 months after President Clinton took office 
the booming economy has created more than 3.1 million private sector 
jobs--that is 6,000 jobs a day.
  Since January 1993, unemployment has dropped from 7.7 to 6 percent. 
Consumer confidence is at its highest in 4 years. The deficit continues 
to fall, and inflation is under control.
  Businesses are starting up at an unprecedented rate, and confidence 
among business executive is at a 10 year high.
  After the success of Democratic initiatives, that is all the 
Republicans have to work with--steady expansion, low inflation, and the 
creation of jobs. No wonder they keep trying to change the subject.

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