Statement By The President: The Economy
                              THE WHITE HOUSE

                       Office of the Press Secretary
For Immediate Release                                        July 7, 2000

                        STATEMENT BY THE PRESIDENT

Today, we have more evidence that our economic strategy is working.  The
American economy has created more than 22 million jobs since the beginning
of 1993.  More than 20 million of these jobs are in the private sector,
giving us the highest share of private-sector job creation since President
Truman was in office.  The benefits of job creation have been enjoyed
across the American economy, with the unemployment rates for African
Americans and Hispanics falling to record lows this year.

This good news is another reminder that America should not reverse course
with irresponsible tax cuts that risk our fiscal discipline and jeopardize
our continued economic strength.  Let?s ensure that the American people can
continue to break records by maintaining fiscal discipline, paying off the
debt by 2012, keeping Social Security and Medicare strong for the next
generation, and investing in education and other priorities.


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