If we want to look at the productivity of America, I think we ought to put that in terms that people can understand: not productivity, but job growth. The percentage of change on an annual basis during the Reagan/Bush years--and I think it is consistent because I talked about the Reagan/Bush years and the skyrocketing deficits that were created then--all during those Reagan/Bush years, the private sector job growth was 1.6 percent. Under President Clinton it is 2.9 percent. That says something about productivity, does it not? Does that not say also something about jobs and job creation, which is what the economy is all about?
J. Exon: “If we want to look at the productivity of America, I think we ought to put that in terms that people can understand: not…”
Editor's note · Context
Discussing job growth and productivity in relation to economic policies during the Reagan/Bush years and President Clinton.
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