Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Wednesday, December 16, 1992

You are currently viewing page 4 of: European Stars and Stripes Wednesday, December 16, 1992

     European Stars and Stripes (Newspaper) - December 16, 1992, Darmstadt, Hesse                                Page 4 b the stars and stripes politics wednesday december 16,1992clinton, advisers prepare for Tough Call Little Rock Ark. A president elect Clinton said tuesday his administration faces a a very Tough Calls in deciding whether to Widen an already huge Federal budget deficit in order to boost a sluggish Economy. Several prominent economists urged him to take just that step. Winding up his two Day National economic conference Clinton urged participants to a be As specific As you can be in making recommendations to him on the shape of the 100-Day economic package he will present to Congress next month. A this is a very Tough Call. This is the major economic policy decision we Are going to have to make Quot Clinton said of his economic stimulus program. A what we have to decide is what to do How much and  James Tobin a Nobel prize winning economist who served on John f. Kennedy a Council of economic advisers said the country needed to create 8 million to 9 million jobs Over the next four years to take care of new workers entering the work Force lower the unemployment rate and get discouraged workers Back in the Job Market. But he said the Economy was growing too weakly to accomplish this without increased government spending and tax cuts actions economists Call fiscal stimulus. Quot almost every recovery since the second world War has been helped by fiscal stimulus a Tobin said although he conceded that a fiscal stimulus is bound to raise the deficit  Tobin said he would favor a stimulus package of $60 billion in the first year and perhaps slightly less in the second year a far above the $20 billion in increased Public works spending that Clinton talked about during the Campaign. Clinton gave no indication during the discussion that he was leaning toward a bigger spending package. Indeed some of his advisers have Given indications recently that pressure for a shot term stimulus package had been lessened by recent favourable economic developments. Allen Sinai chief economist of the Boston co., told Clinton that the elements being mentioned As parts of Clinton a package a increased investment in Public works and investment tax cuts for business a were Good choices because they would not Only boost the Economy relatively quickly but also would raise the country s Long run productive capacity. He suggested a program of $20 billion to $30 Oillion would be adequate. Tobin and Sinai were the first witnesses tuesday As the conference turned from a Broad overview of the Economy to the nitty Gritty of just what Clinton s program should look like. Clinton s top economic advisers led by Treasury Secretary designate Lloyd bunt san were present. And unlike the first Day when they basically listened they jumped in tuesday with questions. Labor Secretary designate Robert Reich who is drawing up economic options for Clinton wanted to know How fast the new administration should enact a stimulus program and How fast it might begin helping Hugh l. Mccoll or. Left of nations Bank corp. In Charlotte n.c., and Treasury Secretary designate Lloyd Bentsen look at slides shown monday during president elect Clinton s economic conference in Little Rock Ark. The Economy. Sinai said the administration should move immediately. He said the package if approved by Congress quickly would kick in toward the end of next year. A if you wait longer it is dangerous a Sinai said warning that the current improvement in the Economy could fade in 1993 because of spreading weakness overseas. The lengthy sessions which were broadcast nationally gave a full airing to Many of the nations most vexing problems such As the Federal deficit lagging productivity growth growing income inequality and poor worker training. While americans who tuned in Learned a great Deal about the problems from some leading experts Clinton did not tip his hand about key decisions he has yet to make. Remaining issues include How big a spending boost to propose for government Public works projects to create jobs next year whether to Spur capital spending by offering tax Breaks to businesses for the Purchase of new equipment and the timing and scope of tax cuts for the Middle class. Clinton moderated All of the discussions during both Days taking notes and often asking questions of the various speakers. Even after the conference had run into overtime after nearly 10 hours on monday Clinton pronounced the proceedings a a fascinating and gave every indication that he was sorry to have to end the session. Clinton not Only fielded questions from the 329 participants in the meeting Hall but also from listeners who telephoned in on a toll free number. Several of the callers Nad lost jobs and wanted to know when Clinton a economic program would begin to get the Economy Back on  Likely to be top surgeon Little Rock Ark. A sources say president elect Clinton a Choice for . Surgeon general is his combative health chief in Arkansas a paediatrician who angered conservatives in her fight against teen age pregnancy and aids. Or. Jocclyn m. Elders 59, was offered the Job and has accepted two sources close to Clinton said monday night. Elders a Little Rock paediatrician would replace or. Antonia c. Novello As head of the government s Public health service. Novellow a term expires in 1994, although a source Saiu Clinton expected her to step Down sooner. Contacted at her Home elders declined to confirm the report except to say she had discussed it with Clinton. Elders has been known for her rugs holds barred style often dressing Down legislators who tried to Block her  m. Elders a profit of Bill Cllnton t it Porto Choipet for .Urgon intr a atom Joycelyn m. Elders ape 59 education honors graduate of Philander Smith College in Little Rock Ark. Master s and medical degree from the University of Arkansas for medical sciences. Experience professor of paediatrics at University of Arkansas for medical sciences for More than 20 years. Appointed state health department director in 1987, wrote More than 130 articles Tor medical publications and served As president of Southern society Tor paediatric research family husband Oliver and two sons. A amps she Drew the anger of conservative groups by promoting distribution of contraceptives at school health clinics to combat aids and teen age pregnancy Arkansas has the second High Cost teenage pregnancy Rale in the nation. Elders Likely would be a High profile surgeon general who would catch flak for the president. Black Veteran of Vietnam May be named a chief by the los Angeles times Washington president elect Clinton is expected to name Jesse Brown a Black former Marine to be Secretary of veterans affairs congressional sources said monday. Brown was wounded in Vietnam and now runs the Washington office of disabled american veterans. If appointed Brown would be the second Black chosen for the Clinton Cabinet. Ronald h. Brown chairman of the democratic National committee was the first. He was named saturday to be secret tary of Commerce. Prospects for More Black appointed appeared to improve monday. The heat of six major environmental organization sent a letter to Clinton endorsing the by by rep. Mike Espy a miss to becom Secretary of agriculture. Espy was one of Clinton a Leadir Black supporters during the Campaign some environmentalists oppose him but cause of his congressional voting record. Clinton nominee for Cabinet Job reportedly smoked pot years ago Madison wis. Apr Donna e. Shalala president elect Clinton a Choice to head the department of health and human services said she smoked marijuana when she was in College the capital i Imes reported. Shalala whose nomination was announced Friday by Clinton was in Little Rock Ark., for an economic conference and could not be reached for comment. Shalala 51, is a 1962 graduate of Western College for women and received a doctorate in 1970 from Syracuse University in new York. She has been Chancellor at the University of Wisconsin Madison for nearly five years  
Browse Articles by Decade:
  • Decade