The 1993 Economic Report of the President, Vol. 2
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Produktbeschreibung
Excerpt from The 1993 Economic Report of the President, Vol. 2: Hearings Before the Joint Economic Committee, Congress of the United States, One Hundred Third Congress, First Session The Committee met, pursuant to notice, at 10:00 a.m., in room 2359, Rayburn House Office Building, Honorable David R. Obey (Chairman of the Committee) presiding. Present: Representative Obey. Also present: William Buechner, professional staff member. Opening Statement Of Representative Obey, Chairman Representative Obey. Good morning. We only have one witness at the table at the moment, but I understand Dr. Chimerine is on the way. Unfortunately, Larry Kudlow, who was to be with us this morning, has been stuck in an airplane in New York and is experiencing the pleasures of airline travel this morning rather than being with us, and we are sorry about that. I certainly understand I have been stuck that way many times myself. This morning, the Joint Economic Committee is concluding a series of three hearings that we have undertaken this week in order to examine the current state of the American economy and to try and walk through, in a very brief way, some of the challenges which face President Clinton as he makes his choices about budget and economic policy, and of course the challenges that will also be facing the Congress. Yesterday morning in our first hearing, we had two distinguished Nobel Laureates, Professor James Tobin of Yale and Professor Robert Solow of Massachusetts Institute of Technology, who focused on the question of how to reverse the anemic economic growth and the absence of measurable job growth during the past 22 months. Professor Solow used a medical analogy to describe the need to boost the economy now, before attacking the budget deficit. He likened the current situation to a patient in need of surgery. The doctor wants to schedule surgery, but first he wants to make sure that the patient is strong enough to withstand the trauma. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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