On the recordJune 23, 1997
the White House said the economy is great; they said the stock market is at a record high, spending is at a record high, and there have been 10 million new jobs since 1992. Now, that sounds great, except the stock market is a lot of paper, individual debt is at a record high, the trade deficit is at an all-time record, and most families need three or four of those jobs just to make ends meet. The truth is, Mr. Speaker, America's poor are looking for workfare while America's workers are falling into welfare. Cite this: Since 1992, there have been 6 million jobs lost. And of those 6 million workers who have tried to reenter the work force, they have. And they earn less than 50 percent on their new job than what they made on their old job. Now, if that is great, beam me up, Mr. Speaker.
Source
govinfo.gov
