This is historical material, "frozen in time." The web site is no longer updated and links to external web sites and some internal pages will not work.
II. New Economy -
Building a Stronger, Hi-Tech, Deregulated Economy
The Clinton Administration has moved on a variety of
fronts to build the kind of high-investment economy that will secure
this nation's economic leadership as we approach a new century. The
Administration is pursuing a broad-based strategy that improves the
physical infrastructure that serves as the arteries of our economy;
promotes the development of cutting-edge technology, including the
information superhighway; removes unnecessary regulations in a variety
of businesses from interstate banking to local trucking; and champions
the interests of small business.
In its first two years, the Clinton Administration has made important
Infrastructure. We have increased public investment in
infrastructure while cutting the federal budget deficit for three years
in a row, increasing core highway and mass transit grants,
rail transportation in the Northeast Corridor, facilities and equipment
for the air traffic control system, and assistance to help states
improve their environmental facilities.
Information Superhighway. We are working to promote
competition and to remove regulations in the high-technology
communications business, speeding the development of an information
superhighway that will connect our businesses, classrooms, libraries,
hospitals and clinics as we approach the 21st century.
Technology for Economic Growth. We have promoted the
development of technology through incentives for private sector
investment, establishing government-industry partnerships in crucial
technologies, and maintaining our historically strong support for basic
Interstate Banking. We have lifted the outdated, artificial
restrictions on interstate banking, boosting the competitiveness
of the banking industry, while enhancing efficiency, and the supply of
credit and customer service.
Intrastate Trucking. We have extended the deregulation of
the trucking industry from interstate deregulation, which began in 1977,
to intrastate deregulation, reducing paperwork and increasing
competition within state markets.
Small Business. We have advanced the cause of small business
through a four-part strategy focussed on improving access to capital;
creating incentives for investment; improving the regulatory
environment; and expanding access to new markets.
President Clinton is laying the groundwork for tomorrow's
prosperity by investing in the future today.