my Republican colleagues looked down right uncomfortable last night. They were sitting here listening to the President's State of the Union Address and realizing that their dire predictions about the first year of the Clinton administration didn't come true. President Clinton came into office and inherited a pretty bad state of the economy. We had had the slowest economic growth in half a century under President Bush, the slowest job creation in 50 years under President Bush's administration, and President Clinton inherited the biggest deficit any President has ever inherited. He rolled up his sleeves, working with Democratic Members of Congress, passed a deficit control measure which is starting to bring about dramatic results. Ask Americans across this Nation how many have refinanced their homes because of lower interest rates and businesses which are now investing and creating jobs, 1.6 million new jobs created last year under President Clinton, more than the 4 years preceding under President Bush. And there is a lot more to do. The President set out an ambitious agenda last night on health care reform, welfare reform, and a tough crime bill. It will take a bipartisan approach to get this done. I hope both parties can work together in this Chamber to end the kind of gridlock we were used to so many years ago.
On the recordJanuary 26, 1994
Editor's note · Context
Senator Durbin discusses the economic achievements and challenges during President Clinton's first year in office.
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