voices from today give us echos of the past:
President Slick Willy (in his Sat radio Address of 9/12/98)
''For all the quicksilver volatility in the world's financial markets, the American economy is on the right track,'' Clinton said in his weekly radio address. ''Markets rise and fall. But our economy is the strongest it's been in a generation, and its fundamentals are sound,'' he said. The president cited a report from White House economic adviser Janet Yellen that noted few signs of serious economic trouble, although the financial crisis in Asia had slowed exports of U.S. farm products and other goods. ''The economy is healthy and remains largely free of the symptoms that often presage an economic downturn,'' Yellen said. ''The fundamentals are in place for continued solid economic growth, though developments in world markets continue to bear close monitoring.''
Voices of Yesterday:
"The fundamental business of this country, that is production and distribution of commodities, is on a sound and prosperous basis."
-President H. Hoover (10/30/29)
"The markets generally are now in a healthy condition ... values have a sound basis in the general prosperity of our country."
-Charles E. Mitchell, Chair of Citibank (10/15/98)
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