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From @lex-luthor.ai.mit.edu:jcma@REAGAN.AI.MIT.EDU Tue Apr 27 23:06:24 1993
Date: Tue, 27 Apr 1993 15:39-0400
From: The White House <75300.3115@compuserve.com>
Subject: President's Remarks to National Realators Association
To: Clinton-Speeches-Distribution@campaign92.org
THE WHITE HOUSE
Office of the Press Secretary
______________________________________________________________
For Immediate Release April 27, 1993
REMARKS BY THE PRESIDENT
TO NATIONAL REALTORS ASSOCIATION
Sheraton Washington Hotel
Washington, D.C.
11:52 A.M. EDT
THE PRESIDENT: Thank you very much. And thank you,
President Bill. (Laughter.) I'm glad to be on your coattails today.
(Laughter.)
I'm glad to see all of you in a good humor, enthusiastic
and, I hope, feeling very good about your country. I'm glad to have
you here today in our Nation's Capital. I saw some people from my
home state out there in the crowd as I wondered around. I see them
back there.
You know, in politics, you don't have a lot of job
security. And therefore, I've been a good customer for several
realtors over the years. (Laughter.) Even though I now live in
America's finest public housing -- (laughter) -- I actually was a
customer on several occasions.
I want to thank you at the outset for the support this
organization has given to the economic program I have put before the
Congress, and to our efforts to put the American people back to work.
I'm proud to be here with people who are on the front lines of
America's real economy, who understand the need for fundamental
change in the way we promote growth and increase profits and generate
jobs.
I believe we have begun to make those fundamental
changes, but I think we can only see the job through if we have the
help of you and millions of people like you who live in the economy
beyond the Beltway -- where people are not guaranteed jobs and have
an uncertain future.
I had an interesting encounter here just a couple of
days ago. I was out on my morning run, and is often the case, I just
saw some people along the Mall out there -- I was running up toward
the Capitol the end of last week, and this young man asked if he
could jog along with me. And he was visiting the Nation's Capital,
and I asked him what he did for a living. And he said, "I'm in the
real estate business in Texas." And he said, I'm just telling you,"
he said, "I'm out there seeing it." He said, "It's just amazing how
hard people work just to keep their heads above the water. And we
need jobs and education in this country. We need to do something to
make these cities safe. And we've got to turn these things around."
And he said, "I just want you to know that." He said, "I have more
awareness of it than I ever did since I've been in the real estate
business, because I really see people and how they have to live and
the struggles they endure. And I understand that about the work that
you do. And I thank you for the support you've given to the efforts
that we've made."
In the first three months of this administration, we
have fundamentally changed the direction taken by a national
government over the previous decade. I've tried to overcome inertia,
ideology and indifference. I've tried to reach out a hand of
partnership and to restore energy and experimentation to this
government.
Everybody knows we're living in a new and unchartered
time. There is a global economy coming together in ways that are
good and bad, opening all kinds of new opportunities for us, but also
affecting us -- when there is a recession in Japan and recession in
Germany and a recession in the rest of Europe, it affects the United
States.
We are trying to figure out now how we should chart our
course in the future. But we do know some things about what works
and what doesn't, and what has always worked in the American free
enterprise system. The changes we have to make won't be easy. It
hasn't been so far. It's not going to be easy in the future. But we
have to do these things. One of the things that we know is the worst
thing we can do in many cases is to stay on the path that we were on.
I submitted to the Congress a blueprint of a budget plan
designed to change the policies of debt and disinvestment and
decline; to bring a new spirit of investment and growth and thrift to
the government. Both Houses of Congress agreed to the budget plan in
record time. A plan that will reduce the national deficit by over
$500 billion in the next five years.
These votes are important because they're votes of
confidence, and they illustrate that this town has finally gotten
serious about cutting the deficit. That's one of the reasons we saw
a big upturn in the stock market at the same time interest rates were
hitting record lows. As you know better than anyone, these things
can bring enormous long-term benefits to the economy.
Just look at this chart that I brought with me -- I only
brought one, but I wanted to show this one. (Laughter.) My staff,
they started letting me take charts around again. You know, I used
to carry them all and I used to get criticized for putting people to
sleep with numbers and statistics and everything. So I quit for a
while. But I just couldn't stand it anymore, I had to bring one.
(Laughter.)
This chart shows what has happened to 30-year fixed rate
mortgages with a 20-percent downpayment since the election. Look at
this. (Applause.) Six months prior to the election the average rate
was 8.2 percent. Right after the election we announced that we were
going to seriously work to bring this deficit down, and we began
intense meetings in Little Rock with people who were part of our
administration and people from around the country. We had the
National Economic Summit.
From Election Day to February 17th, the day on which I
END12:28 P.M. EDT