Bill Clinton: “There may be some risk of that, but it's not much of a risk. After all, in terms of the potential expenditure of money…”

“There may be some risk of that, but it's not much of a risk. After all, in terms of the potential expenditure of money, this is mostly seed money to get these projects started. A lot of these companies are quite well-established, and these technologies have proven merit in the defense area. This is the sort of thing that our competitors in Germany, Japan, countries with lower unemployment rates and higher investment rates than we do, they do these things all the time. We know the technology, the skills, the ideas to make the conversion, but we aren't organized for it. This simply helps us to organize to make this conversion from a defense-based to a domestic economy. It will create a lot of jobs. And I think that it will be among the most efficient Government programs ever seen because, keep in mind, we don't put up all the money; if the other side doesn't put up half the money, the project doesn't get done. So, that's a pretty strong incentive to make sure whatever is done is a good project. Mr. Clark. Mr. President, UCSD's $21 million--granted, nobody wants to look a gift horse in the mouth, but it's really a drop in the bucket when you consider what San Diego has lost so far in cutbacks in the military and defense jobs.”