November 1, 1996
STATEMENT BY JOE LOCKHART
NATIONAL PRESS SECRETARY
Today, Bob Dole made clear he’d like to take us back to the Dole/Bush economy while President Clinton’s economic leadership continues to set us on the right track for the 21st century.
There is more good economic news today. Americans are enjoying the lowest unemployment rate in 7 years, an additional 250,000 new private sector jobs have been created, and America now has a better annual rate of job growth than under any Republican Administration since the 1920s.
Here are the facts:
For 26 consecutive months, the unemployment rate has been below 6%. Unemployment is the lowest in 7 years -- a lower average rate than during any Administration in 20 years.
America now has the highest home ownership rate in 15 years and the lowest average mortgage rates than under any President in 25 years.
America’s economy is once again #1 in the world -- the deficit is the lowest as a share of the GDP in 22 years, the United States is the most competitive nation for the third consecutive year and America is the world’s #1 auto producer for the first time since 1979.
President Clinton’s strong economic leadership has helped to continue an economic expansion and create an economy that is the envy of the world.
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Paid for by Clinton/Gore 96 General Election Committee, Inc.