After Six and a Half Years, The Results of President Clinton and Vice President Gore�s Economic Leadership for the American People Are Clear. Six years ago, President Clinton and Vice President Gore put in place a bold new three-part economic strategy of cutting the deficit to help reduce interest rates and spur business investment; investing in education, health care, science and technology so that America was prepared to meet the challenges of the 21st century. Today, many more Americans are sharing in the new economic prosperity and joining the circle of opportunity.
1981-1992. The economic grew an average 1.3 % per year under President Bush and 2.4 % per year during the Reagan-Bush years.
1981-1992. The private sector of the economy grew 2.4 % annually from 1981-1992.
1988-1992. Real business investment rose just 1.9 % annually during the previous Administration.
Today. The African-American unemployment rate has fallen from 14.1 % in January 1993 to 7.3 % in June 1999 � a record low.
Today. Hispanic unemployment hit a record low of 5.8% in 1999.
Today. Real wages grew 6.2 % under President Clinton. In 1998, real wages were up 2.7% -- that�s the fastest annual real wage growth in over 20 years.
1988-1992. Median family income, adjusted for inflation, fell by $1,835, dropping from $43,674 in 1988 to $41,839 in 1992.
Today. Two-thirds of American households now own their own home -- the highest percentage in American history. Under President Clinton, more than 7 million families have become new homeowners.
1992. In 1992, the World Economic Forum found that Japan, Germany, Denmark, and Switzerland all had more competitive economies than the United States.