[Congressional Record Volume 141, Number 206 (Thursday, December 21, 1995)]
[House]
[Page H15489]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   THE MOST POWERFUL MAN IN THE WORLD

  (Mr. BALLENGER asked and was given permission to address the House 
for 1 minute.)
  Mr. BALLENGER. Mr. Speaker, there is no longer any doubt in my mind 
that President Clinton is the most powerful man in the world. Did you 
see what happened yesterday? The President came out to give a speech to 
the press, going on and on about how distraught he was over those evil 
Republicans who are insisting we actually balance the budget.
  While he was talking, in direct reaction to his speech, the stock 
market dropped 50 points, it dropped 50 points in 10 minutes, just like 
that, bam, a 50-point drop.
  Do you know why? Because every investor in the country was scared to 
death the President was actually being honest for once and would 
continue to block a real balanced budget. You see, America, that is the 
problem. There is only one person standing between the American people 
and a balanced budget, and unfortunately it happens to be the one man 
who can make the stock market drop 50 points in 10 minutes. It happens 
to be Bill Clinton.

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