    [Public Papers of the Presidents of the United States: William J. Clinton (1997, Book I)]
    [June 24, 1997]
    [Pages 813-814]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Consumer Confidence
    June 24, 1997

        Today's Conference Board release, along with the University of
    Michigan's release earlier this month, indicate more good news on the
    economy.
        Today's report shows that Americans are more confident about
    economic conditions than they have been in 28 years. With consumer
    confidence, unemployment, and inflation the best they've been in
    decades, America's economy is the strongest in the world and the best in
    a generation.
        Unemployment is at its lowest level in 24 years, economic growth is
    the highest it has been in a decade, and inflation is the lowest for any
    administration since John F. Kennedy was President. We have already cut
    the deficit 77 percent since 1992, helping spark this remarkable period
    of strong growth and low inflation.

    [[Page 814]]

        Now is the time to build on the bipartisan budget agreement, which
    will balance the budget for the first time since 1969, honor our values,
    and help to continue this solid economic performance.