[Congressional Record Volume 142, Number 35 (Thursday, March 14, 1996)]
[House]
[Page H2227]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           ECONOMIC GROWTH AT WORST POINT IN NATION'S HISTORY

  (Mr. KIM asked and was given permission to address the House for 1 
minute.)
  Mr. KIM. Mr. Speaker, I keep hearing from the White House that our 
economy is booming. I really have trouble with this. The folk in my 
district, none of them said our economy is booming. They do not feel 
this.
  The fact is, the economy growth has slowed to 1.47 percent a year, 
the worst period of growth in our Nation's history. That is the fact. 
The average family has lost about 1 percent of its buying power since 
Mr. Clinton took office. The wages rose at the slowest pace in 14 
years, and they tell me the economy is booming.
  Folks in my district are having difficulty right now trying to make 
ends meet and every day they are squeezed more and more. They are 
telling people that the economy is booming? I know it is election time, 
but I think we should be more honest with the American people.

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