[Weekly Compilation of Presidential Documents Volume 34, Number 52 (Monday, December 28, 1998)]
[Page 2528]
[Online from the Government Publishing Office, www.gpo.gov]

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Statement on the National Economy

December 24, 1998

    Today we received more evidence that our economy remains solid and 
strong--more proof that the economic strategy we have had in place for 6 
years is serving America's working families well. Last month personal 
income rose a strong 0.5 percent--that's good news in this holiday 
season and good news for our future. Over the past year, personal 
incomes have increased nearly 5 percent--far faster than the rate of 
inflation.
    While we should be pleased with our strong economic progress, now is 
not a time to rest; it is a time to build. To ensure that America's 
economy continues to work for America's working families, we must 
maintain the three-part economic strategy that has helped produce these 
remarkable gains. We must maintain our fiscal discipline; continue to 
invest in our people through education, health care, and research and 
development; and continue to lead the global economy.