[Congressional Record Volume 140, Number 117 (Thursday, August 18, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: August 18, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                          WAIT TILL NEXT YEAR

  (Mr. ROHRABACHER asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. ROHRABACHER. Mr. Speaker, I have listened with interest to the 
analysis of our fellow colleagues on the other side talking about how 
great the economy is doing and how President Clinton deserves all of 
the credit. Let me note that the jury is still out on what the Clinton 
program will do to the American economy.
  Many of us remember what happened during Jimmy Carter's 
administration, where for the first 2 years it was very good, we had a 
very good economy. But then Jimmy Carter's economic policies began to 
impact on the economy and very quickly things went to hell in a hand 
basket. I would suggest, having worked in the White House, that it does 
take 2 years for a President's policies to fully impact the economy. We 
are already seeing warning signs that the increased taxation, the 
increased level of regulation and government interference brought by 
this administration is having a deleterious effect on the economy. We 
will be able to know full well next year.
  As the interest rates rise and the dollar overseas is embattled, do 
not tell us that this administration is having a positive effect. Just 
wait until next year.

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