On the recordMarch 12, 1996
how many of us remember what was going on 4 years ago? Four years ago the American people were told that we were in the worst recession in 50 years. Remember that? The worst recession in 50 years. The news media did not challenge that claim by candidate Clinton, but soon after the election, we found out all the new statistics, economic statistics, that were coming out were exactly the opposite. We were not in the worst recession in 50 years. In fact, the economy was heading up in the last half of that year, of that last election year of 1992. We are now being told, 4 years later, that things are great. The stock market is booming. Inflation remains low. Things are not that great, Mr. Speaker, The American people know that. They can sense that, no matter how many times the news media is trying to tell them otherwise. The growth rate actually went down dramatically from the time President Clinton was inaugurated until this year. Now we are told things are really picking up. Things are not picking up. There is an illusion that things are getting better, but the American people know better. The first item on President Clinton's agenda when he was inaugurated was passing the largest tax increase in American history. Candidate Clinton had promised a middle-class tax cut. Today, 3 years later, the American people understand something is wrong. Something is wrong. They are paying more, but they cannot put their finger on it.
Source
govinfo.gov




