Bill Clinton: “Good morning. Today I'm in Los Angeles to hold a meeting on the economy and its impact on southern California. A year…”

“Good morning. Today I'm in Los Angeles to hold a meeting on the economy and its impact on southern California. A year ago this month, I hosted a national economic summit to get the best ideas from all across America on how to implement the economic strategy I ran for President to implement, a strategy to regain control of our economic destiny; to put confidence back into our people; to strengthen our families; a strategy to rebuild the American dream by restoring middle class values of opportunity, responsibility, and community, rewarding work and family and faith. For too long the Government in Washington ignored roadblocks that stood in the way of an economic recovery: our investment deficit that hurts workers caught in changing times and communities plagued by crime, a budget deficit that drains money from our economy, a trade deficit that keeps us from selling our products and services around the world. All these roadblocks have kept America from moving and have hurt California especially, because California had so many high-tech employees in the defense industry, which as all of us know has been cut back a lot since 1987 and the end of the cold war in 1989. And now California, like the rest of America, is paying the price but even more so, not only because it's our biggest State but because one in five jobs lost permanently in our economy in the last few years has been lost in the southern part of this State.…”