E-Commerce

In 1992, America was under economic distress and uncertainty as a country. America had experienced high unemployment, big deficits, high interest rates, low productivity gains and falling real wages for average Americans. After twelve years of national drift and economic decline, President Clinton charted a path to growth with the “New Directions” economic plan designed to create jobs, boost incomes, move our economy from consumption to investment, and reduce our deficit. His three-part economic strategy focused …

…in 1999—the lowest rate since 1965. For 1999, the GDP price index grew only 1.4%. In the last two years, GDP inflation was lower than at any time since 1963. What has come from the accomplishments of Clinton’s economic policies are more economic growth, comprehensive health and welfare reform, a new national system, new opportunities for achievement, empowerment and progress for middle class Americans. This is the season for renewal, thus, a new direction for all of us.