    [Public Papers of the Presidents of the United States: William J. Clinton (1994, Book II)]
    [November 5, 1994]
    [Pages 2007-2009]
    [From the U.S. Government Publishing Office www.gpo.gov]

    The President's Radio Address
    November 5, 1994

        Good morning. I'm speaking to you today from Los Angeles. In many
    ways, California is the cutting edge for a nation always on the move,
    always seeking new challenges. And I want to talk to you today about
    those challenges, about the choice we face between continuing to go
    forward on the path to a better future or going back to policies that
    failed America in the past.
        Just yesterday, Friday, we learned that the economy is continuing to
    move forward. The Labor Department reported that the unemployment rate
    has fallen to 5.8 percent, its lowest level in 4 years. In the 21 months
    since I took office, over 5 million jobs have come into our economy, and
    the jobs are getting better. In 1994, more high-wage jobs came into our
    economy than in the previous 5 years combined.
        Our strategy is beginning to work: reduce the deficit; increase
    investment in education, training, and defense conversion; increase
    trade. We passed an economic plan that is cutting spending by $255
    billion and cutting the Federal bureaucracy by 272,000 positions. We
    slashed regulations and saved billions. We're also investing in new
    technology and defense conversion. We're expanding trade dramatically.
    In Mexico alone this year, the sales of American automobiles increased
    500 percent.
        We're also increasing our investments in education and training,
    even as we reduce overall spending. This will help our people to compete
    and win in the tough global economy: increasing

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    Head Start; apprenticeships for young people who don't go to college but
    do want good jobs; a dramatic increase in affordable college loans,
    making 20 million Americans eligible for lower cost loans on better
    repayment terms; and national service, the opportunity for people to
    serve their communities in solving problems person to person and earn
    money for their college education.
        To rebuild America, we have to keep working for good jobs and better
    education. But to be strong, we also need strong families and safe
    streets. That's why we've worked hard for the family and medical leave
    law that's protecting millions and millions of American workers who
    don't lose their jobs now if they take a little time off when a child is
    born or a parent is sick; why we're immunizing 2 million American
    children under the age of 2 by 1996; why we've provided tax decreases,
    tax cuts, to 15 million working families with children because they work
    full time with children in the home and they're hovering above the
    poverty line. We want to lift them out of poverty, not put them in.
    We're working to make our streets safer with the Brady bill and the
    crime bill. Already extra police are appearing on streets and cities all
    across America.
        Of course, we've got a long way to go until everybody in this
    country who wants a job has one, until people who work hard and deserve
    a raise get that raise, until people who have coverage don't lose their
    health care insurance. But America is clearly moving forward. The new
    economic statistics are real. There really are more than 5 million jobs
    in the last 21 months and more than 5 times as many per month are coming
    into our economy as was the case in the previous administration.
        As I traveled our country this last week, I met some of the men and
    women who are the real heroes of this economic recovery and whose
    futures will be shaped by the results of the election this Tuesday, in
    Michigan, where our auto industry is roaring back with more workers than
    they've had since 1979 and where for the first time in 15 years American
    auto companies are outselling their Japanese competitors all around the
    world. At State universities in Michigan and New York, I met young
    people who are preparing for a high-skill, high-tech, high-wage future.
    I've also met older workers who are learning new skills for new careers.
        Recently I received a letter from Antonio Dodero of Cerritos,
    California, who lost his job in the aerospace industry 2 years ago. He
    enrolled in a retraining program our administration has worked to
    expand, and he wrote just to thank me because that training helped him
    find new work as an air conditioning and heating technician. Mr. Dodero,
    thank you for having the courage to learn those new skills and to face
    the future with confidence.
        Despite the progress we're making and the fact that the direction
    we're pursuing is clearly correct, there are forces in this country who
    are not looking forward, who don't want to invest in people like Mr.
    Dodero and those college students. Instead of building the future,
    they're making a trillion dollars' worth of easy promises: big tax
    breaks, mostly for the wealthy; big increases in spending for defense
    and Star Wars; and a promise to balance the budget.
        A trillion dollars in promises? How will they be paid for? There are
    just two alternatives: It would require a 20 percent cut across the
    board in every other part of Government. That's cuts in Social Security,
    Medicare, student loans, assistance to farmers, veterans benefits, the
    crime bill, the things that make us stronger, smarter, more secure. If
    you take out Social Security, it would require a 30 percent cut in
    Medicare and student loans and all those other things. Of course,
    there's always the possibility they're kidding, that they're just going
    to give us the goodies without the cuts. What does that mean? An
    explosion in the deficit, sending our jobs overseas, putting our economy
    in the same deep trouble we had in the years of the eighties.
        This is not the time for America to turn away from the future, to
    turn back to the easy promises of the past. We're helping brave people
    all around the world move toward their own freedom and democracy, their
    own peace and prosperity, whether it's Israel and her Arab neighbors;
    the people in the Persian Gulf or Haiti, where our brave soldiers are
    serving; the people in Korea who are building a nonnuclear peninsula;
    the people in Northern Ireland trying to bury hundreds of years of hate;
    or people in South Africa trying to build their democracy. Their hearts
    and minds are open to our ideas. Their markets are opening up to our
    goods and services. They admire our values, our strength, our
    willingness to change. They believe in our country.

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        And at this hopeful and historic moment, when America and the world
    are moving forward to the future, we must believe in our country, too.
    Why would we ever want to turn back to policies that failed us? When we
    can be strong, why would we ever want to be weak? The future of our
    children and our country are at stake.
        With all of my heart and soul, I believe America will continue to
    make the choice to keep moving forward, to be strong, to seize the
    future.
        Thanks for listening.

    Note: The address was recorded at approximately 8:05 p.m. on November 4
    at the Beverly Hilton Hotel in Los Angeles, CA, for broadcast at 10:06
    a.m. on November 5.