October 2, 1998


Six short years ago, America was a very different place. In some circles here and abroad, people spoke of an America in decline. Today, with a brand new budget surplus, with wages and jobs rising, with our nation's confidence soaring, we have an unprecedented opportunity to build for the future. Now is the time to bear down, to lead the world back to financial stability, and to prove that America's greatest days are still ahead.

President Bill Clinton
October 2, 1998

Today, President Clinton will announce new steps to help those countries impacted by the global economic slump and new figures showing that the American economy remains strong.

Presidential Leadership To Spur The Global Economy. Today's economic report contains evidence that America's economy is being affected by the global financial crisis --and that is why the President announced new steps to help address that crisis:

The American Economy Remains Solid. Today's report also shows that the three-part economic strategy President Clinton put in place in 1993, of: (1) cutting the deficit to help reduce interest rates and spur business investment; (2) investing in education, health care, science and technology so that America was prepared to meet the challenges of the 21st century; and (3) opening markets abroad so that American workers would have a fair chance to compete and win across the globe, is working:

October 1998

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