On the recordJuly 2, 1993
Absolutely. And I do not believe that Americans can go back to work in sufficient numbers until the world begins to work more. For example, we've created in this country in the last 5 months about 960,000 jobs. That's about the same number we created in the previous 4 years. So it looks pretty good. But our unemployment rate is still quite high here, and the wages are not growing very much. In the last 5 years, two-thirds of our jobs have come from exports, two-thirds. So it is obvious that we can't grow unless Europe grows, unless Japan grows, unless Asia grows, unless Russia becomes a market. It is not simple generosity. Even though I think it is the right thing to do, it is not simple generosity that prompts me to try to put this money into Russia. I think who is going to be the United States customer in 5 years or 10 years? Who is going to be Europe's customer? Who is going to be Japan's customer? Look at all the people who live in Russia. Look at all the people who live in Ukraine. Look at all the people who live in the other Republics. My job is not just to go to the G-7 meeting and negotiate for the United States. My job is to try to help us all do something that is good for the world. U.S. Leadership
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