[Congressional Record Volume 140, Number 94 (Tuesday, July 19, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: July 19, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
           CLINTON ECONOMIC PACKAGE HELPING THE MIDDLE CLASS

  (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, the middle class is the foundation of 
American economic might. Measure the fortunes of the middle class and 
you measure the national wealth and well being.
  Last year folks back in my district were pretty skeptical of the 
Clinton economic package. They heard a lot of disinformation about how 
the plan would hurt them. Today, they see that the middle class has 
actually benefited from the plan.
  Congressional action has slashed Federal spending and gutted the 
deficit. Unemployment has dropped 1.7 percent since 1993. 6,398 jobs 
are being created each day. We have experienced more job growth since 
January 1993 than in the previous 4 years. Ninety-two percent of that 
growth has been in the private sector.
  The gross domestic product has held at 3.2 percent for the last five 
quarters, twice the pace of the previous 4 years, and inflation is 
holding at a 30-year low.
  The 103d Congress has done well by the middle class. It can, and 
should, do more.

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