[Weekly Compilation of Presidential Documents Volume 29, Number 6 (Monday, February 15, 1993)]
[Pages 160-162]
[Online from the Government Publishing Office, www.gpo.gov]
<R04>
Remarks and an Exchange With Reporters Prior to a Meeting With Economic
Advisers
February 8, 1993
Economic Stimulus Package
Q. Mr. President, do you have any response to the Republican letter?
Did they say that they will not support your economic plan unless you do
more on the spending side?
The President. They said they were against the stimulus program, and
that's basically a statement that they think things are fine in the
economy now, and I just disagree with that.
I'd like to read this statement, and then I'll be glad to answer it.
That reflects the old way of thinking, you know, we're coming out of a
recession; therefore we don't need a stimulus package. It overlooks the
fact that there are now 3 million jobs less in this economy than there
would be if we were in a normal recovery, that we now have fewer non-
farm payroll jobs today than we did 2 years ago--3 years ago, 646,000
fewer jobs than in January of 1990.
Let me make this announcement about unemployment, and then I'll
answer a couple of more questions on this.
Unemployment
You all know that we've been here working every day for hours and
hours, putting together this economic package designed to increase
income and generate jobs and reduce the deficit.
Before we begin our next meeting, I have two things that I want to
say: First, despite these encouraging statistics about the increased
productivity, there are still millions of Americans who want to go to
work to support their families, but they can't find jobs. The
unemployment rate, indeed, is 7.1 percent. It's been above 7 percent for
14 months, and is now higher than it was at the so-called bottom of this
recession.
Secondly, no short-term solution to the problems of the unemployed
is adequate. Many unemployed workers are what we call ``permanently
displaced.'' And they need much better access to reemployment services
that will provide them the information and
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the changing skills necessary to compete in the changing world. The old
ways of doing business are simply not good enough anymore. Unemployment
compensation must now be both a short-term lifeline for workers and a
long-term link to the skills that it will take for them to get where
they want to be, back in the work force.
Interestingly enough, Secretary of Labor Reich just showed me this
little chart which makes the point painfully well. In the last four
recessions, 56 percent of the workers laid off did not think they would
get their jobs back; 44 percent did. In this recession, 86 percent of
the workers don't believe they're going to get their jobs back, and only
14 percent think they will. That means that we need a much stronger plan
to create new jobs and an aggressive effort at unemployment compensation
that does more than just pay.
Today I want to announce a two-part initiative. First, I'm directing
the Department of Labor to pursue legislation to extend the emergency
unemployment compensation program for 7 months beyond March 6th, the
date set for its expiration. I'm very pleased to also announce that this
package will include reforms to the unemployment insurance program that
will dramatically improve reemployment services available to
structurally unemployed workers.
The first step is to provide the critical link between permanently
displaced workers and services to help them find the jobs. Using the
data that is now routinely collected when an unemployed worker files a
claim, individuals can be profiled by the fifth week of their
unemployment to determine their need for reemployment assistance, and a
referral for appropriate services can then be made. Recently, a number
of demonstration projects, particularly the New Jersey Re-Employment
Project, showed that this kind of work and referral can significantly
reduce the time that workers spend unemployed, as well as raise their
earnings once they do go back to work. And of course, that means that
that will reduce State unemployment insurance costs and costs to the
Federal Treasury.
I will say again: I know the economic upturn looks good in terms of
the big statistics, but the unemployment rate is higher than it was at
the bottom of the recession. There are fewer jobs than there were 3
years ago this month. We are 3 million jobs below where we would be in a
normal recovery at this time. So we need this unemployment extension,
and we need the economic stimulus program that I will propose when the
Congress comes back into session.
Economic Stimulus Package
Q. Have you made your decision on that stimulus program, and have
you ruled out anything except the COLA on the Social Security?
The President. I have made the decision on the general outline of
the stimulus program, and I have made a lot of the specific decisions
within it, but we're going to go back over it all one more time to
refine it. I have worked very hard on the deficit reduction package, and
I'll have more to say about that on the 17th.
Kimba Wood
Q. Mr. President, a lot of groups feel that there is a double
standard here on the gender issue, because Kimba Wood was disqualified
even though she had paid Social Security, but members of your Cabinet
have not paid Social Security and are now trying to catch up. Are women
being treated unfairly?
The President. Absolutely not. For one thing, this issue was never
an issue, and it never occurred to anyone to make it an issue, until Zoe
Baird voluntarily disclosed it. So, no one knew, so no one was subjected
to the double standard. Since that time--the Attorney General, which
should be held to a higher standard than other Cabinet members on
matters of this kind--all of our interviews, for men and women alike,
have been conducted in a totally evenhanded fashion.
And finally, I think Judge Wood has been somewhat unfairly treated
inasmuch as what happened to her happened in the ordinary course of the
vetting process. It's happened to many other people in the months that
we have been working on this. She was singled out only because it was
wrongly reported that she had been offered a job that she had not been
offered by me or anybody else. I'm sorry that happened, and some say
that a leak inside this administration caused that. If I knew who did
it, they wouldn't be here.
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Q. What about the leak about the----
Q. Playboy bunny girls, and----
Q. ----Playboy Club?
The President. That did not come out of here. Absolutely!
Q. Where did----
The President. It categorically did not come out of here, and I
thought whoever leaked it, it was outrageous. But it did not come out of
here.
Q. When do you hope to have a decision on Attorney General, sir?
The President. I have nothing else to say.
Note: The President spoke at 3:15 p.m. in the Roosevelt Room at the
White House. A tape was not available for verification of the content of
these remarks.