On the recordOctober 16, 1996
Let's look at the facts. We lost a lot of manufacturing jobs in the 12 years before I became President. We've gained manufacturing jobs since I've been President. We've negotiated over 200 separate trade agreements. Let's just take California. In California, we made $37 billion worth of telecommunications equipment eligible for exports for the first time. We're selling everything from telephones to CD's to rice in Japan. We're selling American automobiles in Japan now. I visited a Chrysler dealership in Japan. We're number one in automobile manufacturing, production, and sales around the world again for the first time since the 1970's. Why? Because we've had tough, aggressive trade policies, and because we got interest rates down, and we had a good, stable economic policy, because we've reduced the deficit 4 years in a row for the first time in the 20th century that a President's done that in all 4 years. And that's why I don't want to see us blow a big hole in the deficit with a tax program we can't pay for so your interest rates will go up and you'll have to pay back in higher interest rates what you allegedly will get in a tax cut. So I say keep working on expanding the markets. More than half of these 10\1/2\ million new jobs were in higher wage areas, and we'll have more manufacturing and more sales at home and around the world. Senator Dole. Well, you may think the biggest employer in America is General Motors, but I've got news for you. It's manpower services, hiring people temporarily who've lost their jobs and they go to work for 30 days or 60 days. That's a good economy? I don't think so. They're setting new records this year. We have the worst economy in a century. We have the slowest growth, about 2.5 percent. The President inherited a growth of over 5 percent. We don't have the S&L crisis anymore. Republicans have cut $53 billion in spending. That's why the budget can look good. It didn't look too good the first 2 years when we had a Democratic President and a Democratic Congress. Mr. Lehrer. The next question is for President Clinton. Yes, sir? Gay Rights
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