AMERICA IS MOVING FORWARD
Strong Economic Growth
- Since the beginning of the Clinton Administration, the United States
has grown faster than any other major economy in the world. (Source: OECD)
- In 1995, the United States is expected to lead all major industrialized
countries in economic growth.
Consumer Sentiment -- Strongest Since Johnson Administration
- Consumers have been more optimistic about their future economic
prospects under President Clinton than during any other Administration
since Lyndon B. Johnson was President. (Source: Survey Research Center
of the University of Michigan).
A Rising Stock Market Reflects the New Sense of Optimism
- A family that invested $10,000 in the stock market at the start
of the Clinton Administration is about $5,600 wealthier today.
- The stock market has grown faster under President Clinton than
under any other President in at least 40 years.
Jobs -- More Than 7.8 Million Added
- More than 7.8 million jobs have been created during the Clinton
Administration -- that's a better record of job growth than any Republican
Administration since the 1920s, including Ronald Reagan's term.
- After losing 2.2 million manufacturing jobs over the 12 years
prior to the Clinton Administration, the economy has added 284,000
manufacturing jobs since the Clinton budget plan was passed.
- Auto jobs have increased by 89,000 during the Clinton Administration --
after declining by 49,000 during the previous 4 years -- and recently
hit their highest level since 1979.
- Construction jobs are up 785,000 since January 1993 -- after
declining by 665,000 during the previous 4 years -- and recently
hit their highest level in more than 5 years.
Misery Index -- At Lowest Level in 27 Years
- The Misery Index -- the combined rate of unemployment and inflation --
is at its lowest level since 1968.
Car Manufacturing -- U.S. Maintains World Lead
- In 1994, the United States surpassed Japan as the world leader in
automobile production -- the last time the United States was number one
was back in 1979. And in 1995, America retained its status as the world's
largest car producer.
Competitiveness -- U.S. Declared World Leader Again
- For the first time in ten years, the World Economic Forum declared
the U.S. the world's most competitive economy in 1994. In 1995
America was not only selected again for this honor, but beat countries
like Japan and Germany by an even larger margin than the year before.
Incomes Have Finally Increased Across-the-Board
- In 1994--the first year following the Clinton Economic Plan--every
family income group, from the richest to the poorest, experienced a
real increase in their incomes.
- The typical family's income increased 2.5 percent in 1994,
after adjusting for inflation.
- The typical African-American family experienced a 5.0 percent
increase in their income in 1994, the first significant annual increase
in five years.
Home Ownership -- Highest Since 1981
- In 1995, the home ownership rate reached its highest level since
1981 -- 1.4 million citizens became homeowners.
- Since President Clinton took office, 3.6 million Americans became
homeowners -- the largest increase over comparable periods in fifteen years.
Homes Are More Affordable
- Homes have been more affordable during the Clinton
Administration than during any other Administration since Richard
Nixon was President. (Based on data from the National Association of
Realtors.)
- Mortgage rates are low, averaging 7.9 percent during the Clinton
Administration -- compared to 9.5 percent during the previous four years.
Americans Are Living Better Than They Ever Have
- 78 percent of new homes came with a two-car or more garage in
1994; this compares to only 52 percent in 1974.
- In 1994, 49 percent of new homes came with 2 1/2 or more baths;
twenty years ago, only 21 percent did.
- 79 percent of new homes came with central air conditioning in
1994, up from just 48 percent in 1974.
- In 1995, 71 percent of people had cable television in their home,
up from 42 percent a decade earlier.