Peter Visclosky: “2 million jobs have been created during the first 13 months of the Clinton administration. This more than doubles the…”

“2 million jobs have been created during the first 13 months of the Clinton administration. This more than doubles the job creation of the previous 4 years under George Bush. Our economy is back on track. The economy is improving because of a real and honest economic plan that cut spending, reduced the deficit, and increased consumer confidence. Last year, business investment expanded at the fastest rate since 1972. By December 1993, housing starts were up 25 percent from July and real spending on household durable goods was more than 11 percent higher in the fourth quarter of 1993. We are back on track, but there is a great deal of work to be done. Mr. Speaker, the economic lessons are clear. Even on St. Patrick's Day, the luck of the Irish and budgetary gimmicks are no substitute for real, honest action provided by the Clinton administration and a Democrat Congress.”