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Starting Up the Economy |
| Section: CURRENT ISSUES / SPECIAL REPORT--AN AGENDA FOR THE NEW ADMINISTRATION |
| Author: Anne Veigle |
| Publication: The world & I online |
| Issue Date: 1/1/1993 |
| Size: 1,743 Words, 10,683 Characters |
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Now that American voters have chosen their president, Bill Clinton must tackle the task of turning a slow economy into a roaring success.
While sifting through his pile of promises, Clinton will have to confront an uncomfortable vision: Getting the economy moving again may cost a high price that could destroy his political future.
What people really want (and they want it now, not a year from now) are more jobs. They want to be assured the jobs won't go away. They'd like home prices to stop falling and health care costs to stay in line. They want bank accounts to pay higher interest rates. They want to buy a new car, a new stove, a new refrigerator and not go broke.
Sound simple? Yes, if you listened to the glowing descriptions of the economic future in the plans put forth b...
. . .
...tistics continue to roll out. The public may be hoping for instant prosperity, but more likely it will take months before the economy begins to revive.
The most optimistic forecasters predict growth in the economy this year in the range of a 3-4 percent increase, which won't be enough to spark a sudden flood of new jobs or a business boom, although it's better than the current doldrums.
(818 of 10,683 characters)
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