Economic Expansion



PRESIDENT CLINTON AND VICE PRESIDENT GORE:
THE LONGEST ECONOMIC EXPANSION IN HISTORY

"This milestone is a credit to the American people, to their hard work. It also clearly highlights the need for us to stay on the path of fiscal discipline, overseas markets, investment in our people, that got us to this point."

President Bill Clinton
Friday, February 4, 2000

Today, at the White House, President Clinton announced findings of a new jobs report, showing that unemployment last month fell to 4.0 percent, the lowest in three decades. These strong employment numbers confirm that the U.S. is in the longest economic expansion in its history.

THE STRONGEST ECONOMIC EXPANSION IN AMERICA'S HISTORY. In 1992, when Bill Clinton was elected President, the American economy was barely creating jobs, wages were stagnant, and the unemployment rate was 7.5 percent. His bold economic strategy focused on three objectives: maintaining fiscal discipline; investing in education, health care, science, and technology; and opening foreign markets. This strategy helped contribute to what is now the longest economic expansion in U.S. history.




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