Remarks on the Nation's
Economy
The President. Good morning. I hope I
can be heard over that, because I have good news. This morning we've received
good news of another important step in the march for new jobs in this country.
The unemployment rate in September dropped two-tenths of a percent to 5.4
percent for all civilian workers, and 5.3 percent when you include the
military.
But
these numbers are just shorthand for the more important fact that 255,000
persons got new jobs in September and 18 million new jobs have been created
since the recovery began in 1982. We've talked about the record 70 months of
economic expansion, but these figures tell the real story that people can
understand. They mean paychecks and school clothes and families that can plan a
brighter future. And that's what George Bush and Dan Quayle stand for, and it's
what the administration has worked for the last 8 years.
Our
economy is on a very sound basis. Inflation remains low and under control. We
are growing in a sound and sensible fashion and more of our citizens are going
to work every day. You all know the litany of high interest rates, high
inflation, and high unemployment when our administration took over. And you
know the changes that have been made since then. And there's no truer marker of
the total impact of these changes than new jobs and the feeling of confidence
that Americans have in our economy, our policies, and our future. End of
statement.
Hostages
in
Q.
Mr. President, the story persists, sir, that the
The President. Bill [Bill Plante, CBS News], I can't take any questions. What I'm
expecting to see now is for all of you to do what I had to do in several
pictures I made as a reporter -- turn, run for the phones, and say, ``Look, I
got a story that will crack this town wide open.''
Q.
I'll make you a deal. We'll use that one if you'll answer one question.
The President. I have to go now.
Note: The President
spoke at