PRESIDENTIAL DEBATEOctober 16, 1996
JIM LEHRER: Next question for Senator Dole. This side. Yes, ma'am.
BRIDGET GIANOTTI: Hi. My name is Bridget Gianotti and I'm a wife and mother of two sons from Carlsbad. And my question for you, Senator Dole, is as the wife of a San Diego business owner, I see one of our biggest problems is the U.S. does not manufacture enough of our own products. How would you help this problem out?
MR. DOLE: Well, right, we've lost 357,000 manufacturing jobs. And the Bureau of Labor Statistics said today that they made a mistake, it's probably going to be a much, much higher figure. So we're talking about all these new jobs, we'd better wait and see what the results are.
We're going to do that with a more aggressive trade policy. We're going to do that with an economic package. We're going to do that with regulatory reform. You know, regulations cost the average family - right here, Democrat or Republican, about $7,000 a year. Seven thousand - it's like a tax. Put a lot of people out of business.
I met a lady in Colorado Springs about seven weeks ago, now. She had a small business with 63 employees. She finally gave it up. Why? Because of paperwork and regulation. Congress passed the Paperwork Reduction Act. The president exempts the IRS, which creates three-fourths of the paperwork.
We're going to have regulatory - we're going to have litigation reform. You know, I fell off a platform out in California, in Chico, a while back. Before I hit the ground, my cell phone rang, and this trial lawyer says, "I think we've got a case here." You know, we've got to stop some of these frivolous lawsuits. They're putting people out of business, men and women. Get the economy going, cut the capital gains rate, create more jobs and opportunities for everybody in America - that's what we will do, and my word is good. I keep my promises. I don't break my promises after the election, and I don't make new promises on an election year. We're going to get it done, we're going to grow some of these jobs in America because we need to get it - they're going the wrong way.
PRESIDENT CLINTON: Let's look at the facts. We lost a lot of manufacturing jobs in the 12 years before I became president. We've gained manufacturing jobs since I've been president. We've negotiated over 200 separate trade agreements.
Let's just take California. In California, we made $37 billion worth of telecommunications equipment for exports for the first time. We're selling everything from telephones to CDs to rice in Japan. We're selling American automobiles in Japan now. I visited a Chrysler dealership in Japan. We're number one in automobile manufacturing, production and sales around the world again for the first time since the 1970s. Why? Because we've had tough, aggressive trade policies, and because we got interest rates down, and we had a good, stable economic policy, because we've reduced the deficit four years in a row for the first time in the 20th century that a president's done that in all four years.
And that's why I don't want to see us blow a big hole in the deficit with a tax program we can't pay for so your interest rates will go up and you'll have to pay back in higher interest rates what you allegedly will get in a tax cut. So I say keep working on expanding the markets. More than half of these 10-1/2 million new jobs were in higher-wage areas, and we'll have more manufacturing and more sales at home and around the world.
MR. DOLE: Well, you may think the biggest employer in America is General Motors, but I've got news for you. It's Manpower Services, hiring people temporarily who've lost their jobs and they go to work for 30 days or 60 days. That's a good economy? I don't think so. They're setting new records this year.
We have the worst economy in a century. We've had the slowest growth, about 2.5 percent. The president inherited a growth of over 5 percent. We don't have the S&L crisis anymore. Republicans have cut $53 billion in spending. That's why the budget can look good. It didn't look too good the first two years when we had a Democratic president and a Democratic Congress.