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Georgia Homebuilders 9/17/92 [OA 7580] [2]
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Georgia Homebuilders 9/17/92 [OA 7580] [2]
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Records of the White House Office of Speechwriting (George H. W. Bush Administration)
Speech Backup Chronological Files
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This is not a textual record. This is used as an
administrative marker by the George Bush Presidential
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Record Group/Collection:
George H.W. Bush Presidential Records
Collection/Office of Origin:
Speechwriting, White House Office of
Series:
Speech File Backup Files
Subseries:
Chron File, 1989-1993
OA/ID Number:
13833
Folder ID Number:
13833-004
Folder Title:
Georgia Homebuilders 9/17/92 [OA 7580] [2]
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26
23
1
2
COL. HOUSE MRK DEVISTATED
Advance -> Sitz relection? ?
PAST 8YRS. 8
Status
PAST YR. PKK 1N6 up
1st TIME HOMEBUYER
HOMEBUIDING INT. RATE SENSITIVE
JD. for => economy stull
ABA - STATE SPECIF DATA ON
REFINANCE
Kent Colton 1
COL. BANK ASSDC. / PROFF.
Zen standing
ich
UNITED BANK OF DENVER
toust STARTS /NEW PERMIT DATA
isist more sahs
(Bo. Mo. RELEASES)
what hom not
- MORTGAGE BANKER ASTICIATION
refunancy - tas cut;
JANE DIMARINIS
saving
JACKIE GRUMBACHER
state 9 Col. $ had Cong.
861-6501
movingage mur
anterd @ 5,000 / $2, 500 ]
[John
can got numper
by Nanh 20 - (tody) and of yr.
Volume
gen background
6568
dollayana
home sut ml lunds econ
out of servery
EXICOLTON
as a small bis-
DN. SONF + + INT RATES
typ. mins probs ol paper usk
D
ca MED PRICE
INT RATE
Crys file of IRS- realtape thingled
x STESS # MORE PED. NOW QUALIFY
up in
COL. KIND A COMING BACK
Y PEFINANCLNG DO SAME THING
My ECON. PROG. 1STT HB TAX CREDIT
TAX CREDIT
HAVEN'T FALLED- - HAVEN'T BEEN
THED
ENACTED IN FIRST PART OF YR.
W/KEMP RE
NOT IN my BANK yres
REMOVING REG. BARRIERS
THINGS THAT IMPENE
TAKE
CREDIT - IF RE-ELECTURED WVLL
Forw ap DN REPORT
(DAVE CROWE)
Michael Carhiner 822-0376)
NAR-
HOMESALES
(imparts Col. 5 us - due to
AUG 25- prer. OWNED
de
SA - 3.48 Millin
interest rates
up 6.7% Jug'al
(save on refunary
( tax credit ligact
Chow drous' led econ
( Sn. his. reg. burden
NIMBY report
Jhn STINSOW IK HUD
PAGE
5
5TH STORY of Level 1 printed in FULL format.
The Associated Press
The materials in the AP file were compiled by The Associated Press. These
materials may not be republished without the express written consent of The
Associated Press.
May 6, 1980, Tuesday, PM cycle
SECTION: Business News
LENGTH: 450 words
BYLINE: By GLENN RITT, Associated Press Writer
DATELINE: WASHINGTON
KEYWORD:
Housing Crisis
BODY:
President Carter and other administration officials are being inundated by
thousands of two-by-fours, some delivered by truck, others actually stamped
and sent through the mail by angry home builders.
Etched into one wooden letter, mailed by a South Carolina builder, are the
words, "Help, help. Our industry must not die."
The two-by-four campaign is part of a lobbying effort to convince the
Carter administration to spend hundreds of millions of dollars to subsidize up
to $10 billion in below-market mortgages.
Thus far, Carter has declined, even though a similar program during the last
housing downturn in 1974 proved highly successful.
In 1974, however, inflation was not running at 18.2 percent and political
pressures did not mandate a balanced budget.
Recently, with housing spinning into a deep sales slump, the White House
proposed a modest, $75 million plan for next year. At that level, say Carter
aides, new housing subsidies won't fuel inflation or bust the budget.
At best, the program may prompt 100,000 additional housing starts, a figure
termed tiny by an industry that wants to build 1 million more units in 1980 than
now appears likely.
"The official line from the White House is that we are a bunch of cry babies
and that the situation is not as bad as we make it out to be," complains Michael
Sumichrast, chief economist of the National Association of Home Builders.
Victor Marrero, undersecretary of the Department of Housing and Urban
Development, says the administration has to be very concerned about conditions
in the housing industry, but "can't divorce it from the overall economy."
In any event, many housing experts say the industry faces long-term problems;
moreover, they say the answers may lie outside the reach of Washington.
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6
The Associated Press, May 6, 1980
In interviews with builders, realtors, bankers, economists and government
officials, these themes were raised repeatedly:
Interest rates for mortgage and construction won't fall substantially until
the fight against inflation is won;
The thrift industry, now suffering due to old loans at low rates, must
provide new services to savers and must make a move to offer mortgages with
adjustable interest rates. Otherwise, there may be insufficient home loan money
to meet housing demand.
State and local governments must reduce the number of laws and regulations
that face home builders. Otherwise, land and construction costs - which rose
more than 130 percent in the 1970s - will soar beyond the means of many
homebuyers.
Yet the experts say there are population and social trends that suggest a
rosy future for the housing industry once the current storm passes.
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3
LEVEL 1 - 62 OF 117 STORIES
Copyright 1992 Chicago Tribune Company
Chicago Tribune
May 4, 1992, Monday, NORTH SPORTS FINAL EDITION
SECTION: NEWS; Pg. 20; ZONE: C; OVERNIGHT. Comedy
LENGTH: 506 words
really Give Time
HEADLINE: Allen electrifies Chicago
Power-tool talk hits funny bone
Toolman Taylor
4
BYLINE: By Allan Johnson
"The something to that about
BODY:
It's a pity Tim Allen didn't hit Chicago a few weeks earlier, back when the
city was having that little water retention problem. He would have had the
simple solution to the flooding and related problems in the Loop: Rewire for
More Power.
Allen probably would have rigged a souped-up water pump much in the same way
he says could have fixed a home vacuum cleaner - give that bad boy enough power
to "suck the eyes out of a parrot."
Allen may have rewired downtown buildings to prevent them from losing
electricity, by applying the same principles he used for his grandmother's easy
chair and his grandfather's hearing aid.
Allen told a Chicago Theatre crowd Saturday that he rewired his grandmother's
chair just fine, except "I misjudged her weight" and sent the poor woman flying
through space. He also took care of his grandfather's hearing aid. "On a clear
night he can pick up shuttle conversations."
Allen, the star of ABC's hit television series "Home Improvement," powered up
the crowd in two sold-out performances. And at times the audience resembled the
crowds that attend Allen's fictional home remodeling cable show "Tool Time,"
complete with Allen's signature "arrh, arrh, arrh" grunts.
Allen's onstage character is that of a power-tool loving, grunting, macho
jerk (born out his mother's contention, when Allen was a kid, that he and his
brothers were a cross between pigs and caveboys).
Allen, a standup comic for 13 year who got his start in Detroit, plays it
well. Think of Bob Vila on comedy steriods, and you have Allen.
He once wanted to juice up a blender so it could be "the only blender on the
block that can puree a brick." And he replaced the engine of his lawn mower with
that of a race car, as well, by installing headlights and hubcaps.
"The only reason men are alive is for lawn care and vehicle maintenance,"
Allen said during an 80-minute set.
Allen also jokes about how men are such idiots when it comes to women. When
ladies in the audience agreed with him that men are jerks, he shot back, "It's
too damn bad we own everything."
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PAGE 4
Chicago Tribune, May 4, 1992
"You know a man is about to lie when he repeats what you say," Allen cracked,
adding that when a man is thinking of a lie he scratches his backside, "because
that's where a man's brain really is."
The self-proclaimed "masculinist" is riding a crest of success thanks to
"Home Improvement," the highest rated new television show of the season, as well
as one of the top-10 shows of the just completed 1991-92 television season. The
show is based on Allen's standup routine, and there were a number of bits the
audience probably recognized.
Opening for Allen was Lowell Sanders, a crowd pleaser who is working with
Allen on a more than 20-city tour. Sanders, who has appeared on such standup
shows as VH-1's "Standup Spotlight" and Fox-TV's "Comic Strip Live," was in the
moment when talking about the riots in Los Angeles:
"They were rioting in Iowa. They don't know how to riot in Iowa. They turned
over a car
and just left it," he said.
GRAPHIC: PHOTO (color): Comedian Tim Allen, star of ABC's , Home
Improvement, performs for sell-out crowd Saturday at the Chicago Theatre.
Photo for the Tribune by James Crump.
TERMS: REVIEW; THEATER
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102ND STORY of Level 1 printed in FULL format.
Copyright 1992 Toronto Star Newspapers, Ltd.
The Toronto Star
February 4, 1992, Tuesday, UNAVAILABLE EDITION
SECTION: ENTERTAINMENT; Pg. B2
LENGTH: 566 words
HEADLINE: A solid foundation for Home Improvement
BYLINE: BY GREG QUILL TORONTO STAR
KEYWORD: BILLY REBICK BIOGRAPHY TELEVISION
BODY:
It's not a title Billy Riback needs these days.
And it's probably just as well.
In the circles in which he now moves, "the undisputed king of Hollywood's
warm-up comedians," by which the Montreal-born and raised Riback has been known
for years, doesn't have quite the same ring as "co-producer of the TV season's
only bona fide hit."
Not that Billy Riback, the stand-up comic and joke writer whose work has
helped establish the Disney/ABC series Home Improvement as the most popular new
show of 1991-92, is ashamed of having been a warmer-upper for celebrity
performers in a dozen or more TV shows over the years.
Roseanne, Murphy Brown, Night Court, Designing Women, Head Of The Class, My
Sister Sam, The Hogan Family, Carol And Company
you name it, Billy Riback
has set it up. He still does. In the minutes before each week's taping of Home
Improvement - in which Tim Allen plays a TV carpentry show-host who is
obsessed by the pusuit of his inner maleness - Riback is on set, pumping the
audience.
Until now, he has been strictly an off-air talent in the grist mills of
television.
"People here see me as a newcomer to TV," he told me a couple of weeks ago in
Los Angeles. "But I've got here because I've done the work, I've laid the
foundations, and I've learned what makes people laugh. In this business, it's
doing the groundwork that matters."
Riback, who still works comedy clubs during writing and production breaks in
Hollywood, has been doing the groundwork for more than 30 years. Bitten by the
showbiz bug at a very young age, and dazzled by the world in which his uncle,
Montreal agent and promoter Roy Cooper, lived, Riback headed for New York as
soon as he had earned his degree in entertainment studies at McGill University.
A year later, he was spotted on stage by Dave Jonas, manager of the late
Freddie Prinze, and offered a job writing jokes for Jonas's other clients. Then,
in the mid-19705, Riback was picked up by Welcome Back Kotter's Gabriel Kaplan,
and found himself in Los Angeles for the first time.
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The Toronto Star, February 4, 1992
But it was when he was hired by producer Diane English ( My Sister Sam,
Murphy Brown) as writer and warm-up act, that Riback's TV career really picked
up. A subsequent partnership with Matt Williams, creator of Roseanne and
executive producer of Carol Burnett's anthology series Carol And Company, and
recently of Home Improvement, gave the young writer-performer all the
credibility he needed.
"Of course, I'm thrilled Home Improvement's a hit," Riback said. "But it's
incredibly hard work. There are four main brains, as well as Tim, who writes and
re-writes the show every week, and it's 80 hours of work for all of us. I used
to say I'd never take a 9-to-5 job, but that's what this is - 9 a.m. to 5 a.m.
It would be hard to maintain those hours if the show was No. 84 in the ratings,
but we score between 3rd and 6th in our time slot every week. Murphy Brown's
really our only competition."
Although, when Home Improvement starts shooting its second season in April,
he'll be a full producer and significantly more wealthy, Riback says, "I still
dream about fronting my own show. If you don't shoot for that, you shouldn't be
working in this business.
"Even so, I'm always aware that I'm not from here. I fantasize about making
Canada proud, about making a show in Canada that will work there as well as in
the States."
GRAPHIC: photo: Billy Riback
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PAGE 5
LEVEL 1 - 55 OF 117 STORIES
Copyright 1992 The Atlanta Constitution
The Atlanta Journal and Constitution
May 28, 1992
SECTION: LIVING; Section C; Page 8
LENGTH: 482 words
HEADLINE: A hard-workin', man's man of a comic
BYLINE: By Phil Kloer STAFF WRITER
KEYWORD: entertainment; personalities; reviews; theater; television; public;
arts
BODY:
When Tim Allen talks about his starring role on the hit sitcom = Home
Improvement, = it's punch-the-clock time. "I take direction, I do my job, I'm
not makin' any waves," he says.
But when he sheds the show and goes back on the road doing stand-up comedy, h
E returns to his primal state, a chest-thumper who's half-id, half-primate.
"Onstage, I'm king," he says. "I don't owe anybody anything, except the
people who have paid to come see me. And I want them to laugh until they pee."
The relationship between Tim Allen the aggressive stand-up and Tim Taylor
the more put-upon II Home Improvement" star is a dicey one. Taylor is based on
Mr. Allen's stand-up act and shares his mock-macho bravura, devotion to power
tools and befuddlement toward women. Although he has a strong voice in the show,
he's not officially a writer.
"We consciously softened him," says Matt Williams, executive producer of
"Home Improvement." "The foul language just wouldn't have been appropriate for
prime-time television."
But the difference goes beyond cleaned-up language, Mr Williams says.
"Stand-up comedy is completely myopic. He presents the wife the way he sees the
wife. We have to round out the people around him and make them believable."
"I've learned that there's real funny and there's TV funny," Mr. Allen says,
looking back on the show's first season, when it became the first
out-of-the-gate hit since "Roseanne."
Newcomer fans of the toned-down TV-Tim have gone to see his pumped- up
stand-up routine and have been shocked, he says. One mother who saw him live for
the first time sent him a letter that read, in part, "Thank God I didn't bring
my children."
As the parent of a 2 1/2-year-old daughter, Kady, and a performer keenly
aware that 5 million kids 11 and younger watch "Home Improvement" every week,
Mr. Allen decided to try his act without profanity, which was once a staple.
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1992 The Atlanta Journal and Constitution, May 28, 1992
"It didn't change my act one bit," he says. "I realized that it was just
laziness, like a rock band that plays too loud because it doesn't have anything
to say.
"They're slowly creeping back in, though," he says of the four- letter words.
"It's pretty softened up in the first half; then it gets rougher."
"Softened up" is a relative concept, of course, and Mr. Allen still speaks
bluntly of sexual practices and human anatomy.
"I wouldn't bring anyone under 16 to the show," he cautions.
With or without profanity, Mr. Allen's act is a celebration of what he calls
"men stuff." A partial list, from last year's Showtime special, "Tim Allen
Rewires America": "Gunk and gaskets, WD-40, Lava soap on a rope, a wet-towel
hello in the shower, a garage with a drain in it."
But even as he celebrates, Mr. Allen recognizes the silliness of much of it,
as when he points out that women's obsession with owning many pairs of black
shoes is no different from men's obsession with multiple oil changes.
GRAPHIC: Photo: In his stand-up act and his sitcom, Tim Allen celebrates "men
stuff." His = Home Improvement" character is the host of a handyman TV show who
bungles jobs around his own home. / ABC
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2
4TH STORY of Level 1 printed in FULL format.
Copyright (c) 1981 The New York Times Company;
The New York Times
December 11, 1981, Friday, Late City Final Edition
SECTION: Section A; Page 30, Column 3; National Desk
LENGTH: 982 words
HEADLINE: STEADY, IF DULL, COURSE WINS VOLCKER RESPECT
BYLINE: By JONATHAN FUERBRINGER
DATELINE: WASHINGTON, Dec. 10
BODY:
Paul A. Volcker, the chairman of the Federal Reserve Board, is becoming one
of the more boring people in Washington. And he admits it.
But the boredom, which is a result of his unvarying, inflexible pitch on
monetary policy, is the chairman's strength. In public, in private, on
television and in the Oval Office, Mr. Volcker has been saying the same thing
for more than two years.
He will stay on the course of a steady reduction in the growth rate of the
money supply, he says. There must be sharp reductions in Government spending, he
says, as well as some tax increases to shrink the Federal deficit and make the
job of beating inflation less painful. And, he says, the Federal Reserve intends
to stick to its anti-inflation campaign even if it gets no help from Congress or
the White House.
The Volcker theme is 50 repetitious that it is sometimes hard for the
chairman to muster enthusiasm for another of the many speeches he makes to
business, financial and other groups around the country. But his conviction in
the rightness of the cause drives him on.
Term Provides Independence
Mr. Volcker is at the helm of the nation's central bank, a position that
makes him the single most influential financial figure in Washington and the
country at a time when the economy is the single most important national issue.
He was appointed by President Carter in August 1979 to a fixed, four-year
term that is not affected by the change in Administrations. That gives him the
independence to pursue whatever monetary policy he believes is best for the
country. Further, by virtue of his selfconfidence and strong personality, he has
enhanced the already considerable institutional powers of the chairman's office.
Mr. Volcker's most important function is keeping the reins on the nation's
money supply. The procedure is complicated and the Federal Reserve has this year
just begun to get the hang of it.
But his course is set, with specific, announced goals, and his meetings about
every six weeks with what is called the Federal Open Market Committee now
involve minor adjustments rather than any shift in direction.
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(c) 1981 The New York Times, December 11, 1981
Recessions and Unemployment
Since he took over the Federal Reserve in August 1979, Mr. Volcker has seen
two recessions. For 1982, it appears that unemployment is on a course that could
break the postwar record of 9 percent. There have been two dizzying rounds of
rising interest rates, an overall sluggish economy and some progress, but
nothing conclusive, in the fight against inflation.
He has been lambasted by Congress; he has had a bill of impeachment filed
against him. He has received hundreds of letters from Congressmen complaining
about his policies, as well as Congressional threats to curb the power of the
Federal Reserve Board.
The Federal Reserve's offices have been picketed, even bombarded through the
mails with two-by-fours and car keys, symbols of the suffering of the
automobile and housing industries. At times the White House has prodded Mr.
Volcker to bring down interest rates.
Finally, Mr. Volcker faces a special deadline. His term as chairman is up in
August 1983 and, despite the Reagan Administration's support for the Federal
Reserve's policies, the only rumors heard concern who might replace him.
A Veil of Smoke
Mr. Volcker, who is an imposing 6 feet, 7 inches tall, delivers his economic
exhortations in low, thoughtful, sometimes gravelly tones. He puffs often on his
economically priced cigars (Antonio y Cleopatra Grenadiers) and the public often
sees him, in pictures, through this veil of smoke. He is tailored like a central
banker, wearing dark suits and white shirts.
If Mr. Volcker does not win praise, he wins respect from his opponents. He
has survived at the eye of the economic storm 50 far for two reasons. One is the
general recognition by the Administration, the Congress and the public that
inflation is a problem that has to be dealt with.
The other reason for survival is Mr. Volcker's own direct, unapologetic
style. ''He doesn't try to be beguiling, said one close associate who asked
not to be named. Like the budget director, David A. Stockman, Mr. Volcker is
able to move people with his command of the facts. He has often thought out the
solution to a problem before others bring it to him for consultation. ''He's a
walking memory and an institutional source of how things fit together,' said an
aide, referring to the chairman's long tenure at the Treasury and as president
of the Federal Reserve Bank of New York.
Viewed as a Scholar
''He's quite open, quite forthcoming, said the governor of the Federal
Reserve, Charles Partee. ''He doesn't lead a great deal but he doesn't follow.
It's a question of open discussion with him playing a greater role than anyone
else. Mr. Volcker is seen at the Federal Reserve as a scholar, Mr. Partee
added, and there is ''an inclination to want to go along with him.
Mr. Volcker gets along with most of the Administration's economic officials
but has had his clashes with Treasury Secretary Donald T. Regan over monetary
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(c) 1981 The New York Times, December 11, 1981
policy and legislation to restructure the banking and thrift industries.
His meetings with President Reagan, observers say, are more formal and not as
fruitful as his meetings with former President Carter, although this
Administration is more supportive of a tight monetary policy. While Mr. Volcker
typically goes in to see Mr. Reagan as a member of a group, he often had
one-on-one chats with Mr. Carter. Said one official who asked not be be
named, 'Volcker is not seen as an ally.''
GRAPHIC: Illustrations: Photo of Paul A. Volcker
SUBJECT: BANKS AND BANKING; BIOGRAPHICAL INFORMATION
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Mortgage Bankers Association of America
Public Affairs
1125 Fifteenth Street, NW
Washington, DC 20005
John Bancroft
Associate Director
PHONE: 202/861-6568
FAX: 202/861-0736
FAX TRANSMITTAL
DATE: August 27, 1992
TO: Jeannie Bunton
COMPANY: White House
FAX NUMBER: 456-6218
PHONE NUMBER: 456-7750
PAGES (Including cover sheet): 2
REMARKS: PER YOUR REQUEST
100 PAGE
FROM MORTGAGE BANKERS AMER
08:11 26, 22 9ny
News Release
FOR IMMEDIATE RELEASE
THURSDAY, AUGUST 27, 1992
CONTACT: Jane DeMarines
(202) 861-6554
John Bancroft
(202) 861-6568
Michael Schlerf
(202) 861-1929
APPLICATION VOLUME REMAINS STEADY FOR WEEK ENDING AUGUST 21ST
WASHINGTON, D.C. The Mortgage Bankers Association of America released its weekly
Mortgage Application Volume Survey results today, reporting that mortgage loan applications for
the week ending August 21st increased .7 percent from the preceding week, with about half of the
respondents reporting increases in the number of applications, while the other half reported
decreases. Compared to the year ago level, applications were up 98 percent.
Refinancing activity represented 57 percent of total applications, up 1 percentage point over the
previous week. Compared to the same week last year, applications for refinancing were up 339
percent.
The survey provided the following information on the state of the home mortgage market:
average contract interest rates for 30-year fixed rate mortgages were
7.80 percent, unchanged from the previous week, with points
decreasing to 1.90 from 2.00 points last week (including the
origination fee) for 80 percent loan-to-value ratio (LTV) loans;
average contract rates for 1-year ARMs were 4.90 percent, unchanged
from the previous week, with points also remaining unchanged at 1.70
points for 80 percent (LTV) loans;
--
average rates for 15-year mortgages were 7.30 percent, unchanged
from last week, with points also remaining unchanged at 2.00 points
for 80 percent loans.
*** SPECIAL NOTE ***
The companies participating in the survey do not represent a random sample of the mortgage
banking industry. However, these companies are sufficiently large and geographically diverse to
provide a valid representation of the industry. For the companies reporting in this week's survey,
the dollar volume of applications totalled $2.75 billion. Careful monitoring of the survey results
indicates that over the past two years it has tracked the housing and mortgage markets very closely.
###
MBA, headquartered in Washington, D.C., is a national real estate finance trade association
representing 2,200 member mortgage companies, savings and loan associations, commercial banks,
savings banks, life insurance companies and others in the mortgage lending field.
MBA
Mortgage Bankers Association of America. 1125 Fifteenth Street. N.W., Washington, D.C. 20005. 202 861 6565
200 PAGE
FROM MORTGAGE BANKERS AMER
08:11 26. 22 9ny
WEEKLY SURVEY
MORTGAGE BANKERS ASSOCIATION OF AMERICA
1. Interest Rates
Effective
Contract
Total Points
Interest
Rate
(Inc. Orig. Fee)
Rate
Conventional Loans
30-year, 80% LTV, FRM :
7.80
1.90
8.20
15-year, 80% LTV, FRM :
7.30
2.00
7.80
7-year Balloon, 80% LTV:
7.00
2.00
7.50
5-year Balloon, 80% LTV:
6.60
2.00
7.10
1-year, 80% LTV, ARM
(1-year, Treasury index) :
4.90
1.70
5.30
FHA 203(b) Loans
:
7.80
2.00
8.10
2. Application Volume
Total
Conventional
FHA & VA
No.
of
$ Volume
No. of $ Volume
No. of $ Volume
Loans
(Millions)
Loans
(Millions)
Loans
(Millions)
Last week's activity
compared to previous
week (% change):
0.7%
-1.7%
-0.6%
-2.8%
6.5%
6.0%
Average Loan Size :
$ 117,037
$ 124,426
$ 84,165
Percent of last
week's activity
which was :
Refinancing:
57.4%
59.7%
62.3%
62.5%
30.3%
30.4%
ARMS:
11.6%
13.2%
11.1%
12.8%
7 + 5 Balloons:
5.0%
5.7%
6.0%
6.5%
Last week's
activity compared
to same week of
last year :
97.7%
103.9%
113.5%
114.2%
53.1%
58.3%
Loan application volume was basically unchanged in the latest week,
but activity continued at double the pace of a year earlier, and
significantly higher than levels that prevailed just two months ago.
About half of the respondents reported increases in the number of
applications this week, while the other half reported decreases.
Changes for most of the respondents were relatively small.
Refinancings represented 57 percent of total applications up 1
percentage point from the previous week. The dollar volume of loan
applications at respondent firms was $2.75 billion.
Interest rates on 30-year FRMs and 1-year ARMs remained unchanged
from the previous week's survey.
PAGE.003
FROM MORTGAGE BANKERS AMER
18:11 26, 27 9ny
NewsRelease
NATIONAL ASSOCIATION
777 14th Street N.W.
R
Washington, D.C. 20005-3271
OF REALTORS®
REALTOR
The Voice for Real Estate TM
For Further Information Contact:
Trisha Morris 202/383-7560
Liz Duncan 202/383-1043
NAR CHAMPIONS REAL ESTATE ISSUES AT PRESIDENTIAL CONVENTIONS
WASHINGTON (Aug. 21, 1992) Placing real estate issues high on the domestic agenda
was the top priority for the National Association of Realtors during the recent Republican and
Democratic national conventions.
NAR President Dorcas T. Helfant spoke with various media representatives at both
conventions, underscoring the important link between real estate and the national economy. "Our
nation's economy is only as strong as its real estate industry. Federal legislation to increase home
ownership opportunities and broaden real estate investments would give the industry a boost.
And, any boost for real estate is a boost for the economy," she said.
NAR's representation at both conventions was one of the largest of any trade
organization. More than 100 Realtor delegates attended the Republican National Convention and
nearly 100 attended the Democratic National Convention.
Although the current environment of low mortgage rates has kept the housing industry
Read
stable, Helfant, a Realtor from Virginia Beach, Va., noted that some prospective buyers still
5mg
remain unable to buy; and, she pointed out that favorable financing has failed to shore up the
ailing commercial real estate industry. "Low rates aren't a cure-all," she said.
NAR submitted recommendations to the Republican and Democratic parties earlier this
year. The association's statement says, "One of our highest national policy priorities must be to
increase home ownership and both public and private investment in real estate. This should
encompass the entire housing ladder, from the homeless to the first-time home buyer, as well as
investors and owners of commercial and residential property. Within this overall goal, we believe
it is most important for the federal government to make it easier for families to buy their first
home, to change tax policies that have discouraged private investment in housing and real estate,
and to strengthen our nation's financial system."
Both the Republican and Democratic party platform statements express support for
housing, including proposals advocated by NAR. The Republican Party platform specifically
supports a plan to allow first-time home buyers to use funds from Individual Retirement Accounts
for a down payment on a home. It also calls for the enactment of a $5,000 tax credit to assist
people buying their first homes.
-more-
#67
REALTORS Is a registered collective membership mark which may be used only by
real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS*
and subscribe to its strict Code of Ethlcs.
COUAL HOUSING
P.2/10
AND WH91:01 26, 22 SUB
OPPORTUNITY
NewsRelease
NATIONAL ASSOCIATION
777 14th Street N.W.
R
Washington, D.C. 20005-3271
OF REALTORS®
REALTOR®
The voice
For Further Information Contact:
EMBARGOED UNTIL 8:45 AM EDT 8-25-92
Trisha Morris 202/383-7560
Liz Duncan 202/383-1043
Scott Sherwood 202/383-1016
HOME SALES CONTINUE TO RISE AS FIRST-TIME BUYERS ENTER THE MARKET
WASHINGTON (Aug. 25, 1992) -- Sales of previously owned homes jumped in July, as
low mortgage interest rates continued to draw first-time buyers to the market, according to the
National Association of Realtors.
The association recorded a seasonally adjusted annual sales rate* of 3.48 million existing
single-family homes in July, up 6.7 percent from July 1991, when the resale rate was 3.26 million
units.
NAR President Dorcas T. Helfant said the heavy activity was due in part to a surge of
purchases by first-time home buyers, who were taking advantage of the lowest mortgage rates in
19 years. "Many people are finding that they could be making mortgage payments that are lower
than their rental payments. It's an easy choice -- to either build up equity with each mortgage
payment, or keep throwing money out the window on rent," Helfant said.
The Federal Home Loan Mortgage Corp. reported that the national average commitment
rate for 30-year, conventional, fixed-rate mortgages was 8.13 percent in July, the lowest monthly
average since July 1973, when the rate was 8.05 percent. In July 1991, the average rate was 9.58
percent. Mortgage rates this year have generally remained at least one percentage point lower
than rates offered last year.
Year-to-date sales continue to exceed those for last year. The association recorded a total
of 2,030,000 existing-home sales between January and July, which was 5.8 percent higher than the
total of 1,919,000 units for the first seven months of last year. "The market is ahead of where it
was a year ago," Helfant noted. "It's looking more and more like the economy is getting back on
its feet."
The national median existing single-family home price for July was $102,600, slipping 0.8
percent from one year earlier, when the price was $103,400. The median is the midpoint in the
price range -- half the homes sold cost more, half cost less. The heavy volume of first-time buyers
purchasing less expensive homes resulted in the year-to-year drop in the national median price,
said NAR Chief Economist John A. Tuccillo.
-more-
#69
REALTORS® is a registered collective membership mark which may be used only by
real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS
and subscribe to its strict Code of Ethics.
P.3/10
AUG 27 '92 10: 16AM NAR
JULY EHS--add one
"The combination of first-time buyers, starter home sales and low rates caused the median
price to drop," Tuccillo said.
Mortgage rates are expected to continue sliding in the months ahead, he noted. "We
aren't going to see any sharp drops in rates, but they'll stay low enough to keep buyers revved
up," Tuccillo said. Currently, NAR is predicting that the average rate for fixed-rate, 30-year
mortgages will be 8.3 percent this year, compared to 9.2 percent for 1991.
Three of the regions posted year-to-year increases in existing single-family home sales. In
the Northeast, the pace for July was 540,000 units, up 5.9 percent from July 1991. "The rise in
sales is an encouraging sign that the region's lackluster economy is turning around," Tuccillo said.
The median price for existing single-family homes in the Northeast was $140,800 last month, down
1.9 percent from one year earlier. As with the national price, the Northeast median price was
influenced by heavy activity at the lower end of the price scale.
The resale rate in the Midwest was 970,000 units in July, soaring 19.8 percent from one
year ago. "In the Midwest, buyers are coming out in droves, because housing there is among the
most affordable in the nation," Tuccillo said. The median existing-home price in the Midwest was
$81,500, up 2.9 percent from July 1991.
The South posted a resale rate of 1.25 million units in July, up 5.0 percent from the July
1991 pace. The region's median price was $91,500 last month, down 1.6 percent from one year
earlier.
The West recorded an existing-home sales rate of 720,000 units in July, 4.0 percent below
the rate for July 1991. According to Tuccillo, the drop in the sales pace can be attributed largely
to slow activity in California, which is experiencing an economic slump. The median price in the
West was $142,600 in July, dropping 5.0 percent from a year ago.
Currently, NAR is predicting existing single-family home sales to total 3.49 million units
this year, rising 8.3 percent from 1991, and reaching the highest level since 1988.
The National Association of Realtors, "The Voice for Real Estate," is the nation's largest
trade association, representing nearly 750,000 members involved in all aspects of the real estate
industry.
###
# The annual rate for a particular month represents what the total number of actual sales
for a year would be if the relative pace for that month were maintained for 12 consecutive
months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal
variations in resale activity. For example, home sales volume normally is higher in the summer and
relatively light in the winter months, primarily because of differences in the weather.
P.4/10
JOHN 10:17AM 26, 22 sny
Unit Volume
United
North
United
North
States
east
Midwest
South
West
States
east
Midwest
South
West
989
3,346,000
531,000
855,000
1,185,000
775,000
990
3,211,000
469,000
831,000
1,202,000
709,000
991
3,220,000
479,000
840,000
1,199,000
702,000
Seasonally Adjusted Annual Rates
Not Seasonally Adjusted
1991
Jul
3,260,000
510,000
810,000
1,190,000
750,000
306,000
52,000
78,000
111,000
65,000
Aug
3,190,000
490,000
830,000
1,180,000
700,000
314,000
53,000
80,000
114,000
66,000
Sep
3,120,000
480,000
810,000
1,140,000
700,000
255,000
43,000
61,000
88,000
63,000
Oct
3,150,000
460,000
840,000
1,150,000
700,000
276,000
46,000
69,000
96,000
66,000
Nov
3,230,000
460,000
860,000
1,230,000
690,000
243,000
31,000
52,000
108,000
51,000
Dec
3,310,000
500,000
860,000
1,240,000
720,000
221,000
29,000
55,000
88,000
49,000
920,000
1,140,000
670,000
192,000
31,000
51,000
74,000
37,000
1992
Jan
3,220,000
480,000
Feb
3,490,000
490,000
980,000
1,250,000
760,000
222,000
28,000
72,000
77,000
45,000
Mar
3,510,000
550,000
940,000
1,270,000
740,000
300,000
40,000
87,000
107,000
66,000
Apr
3,490,000
510,000
920,000
1,270,000
790,000
316,000
44,000
92,000
114,000
66,000
May
3,460,000
530,000
920,000
1,240,000
780,000
320,000
50,000
84,000
113,000
72,000
Jun :
3,350,000
540,000
860,000
1,240,000
720,000
352,000
53,000
96,000
122,000
81,000
Jul p
3,480,000
540,000
970,000
1,250,000
720,000
328,000
55,000
92,000
118,000
63,000
Sales Prices
United
North
United
North
States
east
Midwest
South
West
States
east
Midwest
South
West
Median
Average
1989
$ 93,100
$145,200
$71,300
$84,500
$139,900
$118,100
$157,800
$82,800
$104,100
$158,400
1990
95,500
141,200
74,000
85,900
139,600
118,600
154,700
86,100
105,600
155,900
175,000
1991
100,300
141,900
77,800
88,900
147,200
128,400
166,800
90,800
112,300
1991
Jul
$103,400
$143,500
$79,200
$93,000
$150,100
$132,200
$168,700
$93,100
$117,700
$179,300
Aug
102,000
142,300
79,300
90,700
145,300
130,900
168,100
93,100
114,900
178,200
Sep
100,300
137,700
76,400
91,700
144,200
127,800
161,100
89,800
115,000
173,100
Oct
99,100
136,700
77,100
88,200
146,600
126,400
158,000
90,600
110,900
173,700
Nov
97,900
138,300
78,100
87,200
138,800
124,900
160,600
91,000
109,800
167,400
Dec
100,300
137,300
78,200
89,400
143,200
127,300
161,200
91,200
113,900
170,800
1992
Jan
$102,400
$140,500
$80,600
$88,700
$152,300
$130,500
$165,600
$93,600
$114,100
$178,400
Feb
102,800
142,700
81,400
90,600
147,600
128,800
164,600
93,400
112,000
175,400
104,000
145,500
81,100
91,800
143,700
130,200
170,000
93,700
114,000
174,900
Mar
Apr
103,300
142,700
80,900
91,400
144,400
130,600
167,800
94,500
116,100
173,800
102,500
143,000
81,400
91,900
143,800
130,600
166,800
93,500
116,500
174,800
May
Jun r
105,100
144,900
82,300
92,400
145,600
133,700
173,200
96,400
118,700
177,500
102,600
140,800
81,500
91,500
142,600
131,300
167,500
94,900
116,000
176,400
Jul P
South
West
Northeast
Midwest
Illinois
Missouri
Alabama
Mississippi
Alaska
Nevada
Connecticut
Nebraska
Arkansas
North Carolina
Arizona
New Mexico
Maine
Indiana
North Dakota
Delaware
Oklahoma
California
Oregon
Massachusetts
Iowa
Kansas
Dist. of Columbia
South Carolina
Colorado
Utah
New Hampshire
Ohio
South Dakota
Florida
Tennessee
Hawaii
Washington
New Jersey
Michigan
New York
Minnesota
Wisconsin
Georgia
Texas
Idaho
Wyoming
Kentucky
Virginia
Montana
Pennsylvania
Louisiana
W. Virginia
Rhode Island
Maryland
Vermont
10:18AM NAR
26,
22
AUG
NewsRelease
NATIONAL ASSOCIATION
777 14th Street NW
R
Wash DC 20005-3271
OF REALTORS'
Scott Sherwood
202/383-1016
Trisha Morris
202/383-7560
The voice for Real Estate
For Furner Information Contact
Annemarie Roketenetz 202/383-7560
EMBARGOED UNTIL 8:45 AM EDT
HOUSING AFFORDABILITY GAINS LINKED TO LOW INTEREST RATES
WASHINGTON (August 12. 1992) Housing affordability conditions for both first-time
and repeat buyers posted rousing gains for the second quarter of 1992 compared to the same time
last year. according to the National Association of Realtors' first-time home buyer and composite
Housing Affordability Indexes released today.
Although affordability conditions remained ripe during April. May and June of this year,
marginal rises in the median price of single family homes continued to thwart the ability of
first-time home buyers struggling to raise downpayment funds. NAR President Dorcas T. Helfant
noted. "If housing is going to kickstart this economy, government has to provide consumers with
the right tools to overcome downpayment barriers - low interest rates alone do not buy a house."
Read
The average effective interest rate during 1992 has been 8.41 percent, the lowest since 1973.
Refers
when a gallon of gasoline cost 38 cents. she added.
The distinct rise in composite and first-time home buyer affordability indexes compared to
a year ago is tempered by an increasing disparity between the two groups. An affordability gap of
35 percent separated the first-time buyer index from the composite index during the second
quarter of 1992, while last year the difference was 34.4 percent.
NAR Executive Vice President Almon R. "Bud" Smith commented, The affordability
index shows progress, but doesn't reveal the frustration felt by many potential first-time home
buyers. Our recent homeownership survey shows that three-quarters of current renters are willing
to make substantial sacrifices, even postpone retirement, to start climbing the homeownership
ladder. Yet almost/half cite problems related to downpayment as the reason they remain renters."
NAR's composite Housing Affordability Index, which measures affordability factors for all
home buyers, rated 121.2 for the second quarter of this year, compared to 111.4 in the second
quarter of 1991. When the index measures 100, a family earning the median income would have
exactly the amount needed to purchase a median-priced resale home, using conventional financing
and a 20 percent down payment. Since the median is the midpoint, the composite shows that half
the families in the nation had at least 121.2 percent of the income needed to qualify for the
purchase of a home with a median price of $103,600, and half did not.
#65
more -
REALTORS' IS a registered collective membership mark which may be used only by
rea: estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS
and subscribe iv its strict Code : Ethics
P.6610
AND WH81:01 26, 22 sny
HOUSING AFFORDABILITY INDEXES -- add one
In comparison, the first-time home buyer index shows the ability of renters who are prime
potential first-time buyers to qualify for a mortgage on a starter home. When this index equals
100, the typical first-time buyer can afford the typical starter home under existing financial
conditions. The first-time buyer median income represents the typical income of a renter family
with wage earners between the ages of 25 and 44 years.
During the second quarter of this year. the first-time home buyer index measured 78.7,
compared to 73.1 for the second quarter of 1991. The first-time index shows that the qualifying
income needed for conventional financing covering 90 percent of a $88,100 starter home was
$29,833. Yet the median income of prime first-time buyers was $23,485 - a difference of $6,348
per year.
Helfant attributes first-time homebuyer difficulties to a hesitant legislative atmosphere.
"Attractive interest rates continue to boost trade-up buyer activity as well as first-time buyer
curiosity, but if consumers could responsibly apply IRA and 401(k) funds toward a home purchase,
the market would surge. The nation needs pro-consumer policy, not reluctance."
Under affordability conditions for all buyers during the second quarter of 1992, a family
earning $20,000 per year would have sufficient income to qualify for a $68,000 home with a
$54,400 loan. A family earning $30,000 would qualify for a $102,000 home using a $81,600 loan.
For a family earning $40,000. qualifying for a loan of $108,800 would enable them to purchase a
$136,000 home. Finally, a family earning $50.000 annually would be able to buy a $170,000 home
after qualifying for a $136,000 loan.
The National Association of Realtors, "The Voice for Real Estate." is the nation's largest
trade association, representing nearly 750,000 members involved in all aspects of the real estate
industry.
###
01/2/10
AUG 27 '92 10:19AM NAR
TABLE I
QUARTERLY: COMPOSITE HOUSING AFFORDABILITY INDEX
Median
Monthly
Payment
Median
Composite
Priced
Mortgage
P&I
as % of
Family
Qualifying
Afford.
QUARTER
SF-Home
Rate
Payment
Income
Income
Income
Index
1980
$62,200
12.95
$549
31.3
$21,023
$26,328
79.9
1981
$66,400
15.12
$677
36.3
$22,388
$32,485
60.9
1982
$67,800
15.38
$702
36.0
$23,433
$33,713
69.5
AUG 27 '92 10:19AM NAR
1983
$70,300
12.85
$616
30.1
$24,580
$29,546
83.2
1984
$72,400
12.49
$618
28.0
$26,433
$29,650
89.2
1985
$75,500
11.74
$609
26.4
$27,735
$29,243
94.8
1986
$80,300
10.25
3576
23.4
$29,458
$27,631
106.6
1987
$85,600
9.28
$565
21.9
$30,970
$27,113
114.2
1958
$89,300
9.31
$591
22.0
$32,191
$28,360
113.5
$93,100
10.11
$660
23.1
$34,213
$31,665
108.0
1989
1990
$95,500
10.04
$673
22.0
$35,353
$32,291
109.5
1990:1
$95,500
10.04
$673
23.3
$34,593
$32,291
107.1
1990:2
$96,600
10.15
$687
23.7
$34,783
$32,965
105.5
1990:3
$96,600
10.04
1680
23.3
$35,068
$32,663
107.4
1990:4
$92,200
9.92
$643
21.8
$35,353
$30,870
114.5
1991
$100,300
9.30
$663
21,7
$36,696
$31,825
115.3
1991:1
$96,600
9.76
$665
22.3
$35,689
$31,897
111.9
1991:2
$101,300
9.37
$674
22.4
$36,025
$32,340
111.4
1991:3
$101,900
9.31
$674
22.2
$36,361
$32,361
112,4
1991:4
$99,100
8.74
$623
20.4
$36,696
$29,910
122.7
1992:1 r
$103,100
8.36
$626
20.4
$36,788
$30,050
122.4
1992:2 P
$103,600
8.46
8635
20.6
$36,926
$30,477
121.2
P.8/10
NAR RESEARCH DIVISION
PRODUCED: 30 Jul 92
P.9/10
TABLE II
QUARTERLY: FIRST TIME HOMEBUYER AFFORDABILITY
Prime
1st
1st
Time
Starter
10%
Effective
Payment
Time
Buyer
Composite
Afford.
Home
Down
Loan
Nortgage
i rate
Monthly
es % of
Median
Qualifying
Afford.
Afford.
Gap
QUARTER
Price
Payment
Amount
Rate
plus PMI
Payment
Income
Income
Income
Index
Index
(Percent)
1980
$52,900
$5,290
$47,610
12.95
13.20
$534
42.5
$15,068
$25,637
58.8
79.9
26.4
1981
$56,400
$5,640
$50,760
15.12
15.37
$657
49.4
$15,972
$31,530
50.7
68.9
26.5
1982
$57,600
$5,760
$51,840
15.38
15.63
$682
49.4
$16,563
$32,721
50.6
69.5
27.2
1983
$59,800
$5,980
$53,820
12.85
13.10
$600
42.1
$17,109
$28,779
59.4
83.2
28.5
1984
$61,500
$6,150
$55,350
12.49
12.74
$601
38.5
$18,735
$28,851
64.9
89.2
27.2
1985
$64,200
$6,420
$57,780
11.74
11.99
$594
36.6
$19,484
$28,507
68.3
94.8
27.9
1986
$68,300
$6,830
$61,470
10.25
10.50
$562
33.1
$20,400
$26,990
75.6
106.6
29.1
1987
$72,700
$7,270
$65,430
9.28
9.53
$552
31.6
$20,916
$26,477
79.0
114.2
30.8
1988
$75,900
$7,590
$68,310
9.31
9.56
$577
32.2
$21,543
$27,714
77.7
113.5
31.5
1989
$79,100
$7,910
$71,190
10.11
10.36
$644
34.5
$22,405
$30,901
72.5
108.0
32.9
1990
$81,200
$8,120
$73,080
10.04
10.29
$657
34.5
$22,842
$31,538
72.4
109.5
33.8
1990:1
$81,500
$8,150
$73,350
10.04
10.29
$659
35.1
$22,514
$31,655
71.1
107.1
33.6
1990:2
$82,100
$8,210
$73,890
10.15
10.40
$670
35.6
$22,623
$32,178
70.3
105.5
33.4
1990:3
$82,100
$8,210
$73,890
10.04
10.29
$664
35.1
$22,732
$31,888
71.3
107.4
35.6
1990:4
$78,400
$7,840
$70,560
9.92
10.17
$628
33.0
$22,842
$30,157
75.7
114.5
33.9
1991
$85,300
$8,530
$76,770
9.30
9.55
$648
33.3
$23,345
$31,120
75.0
115.3
34.9
1991:1
$82,100
$8,210
$73,890
9.76
10.01
$649
33.9
$22,968
$31,151
73.7
111.9
34.1
1991:2
$86,100
$8,610
$77,490
9.37
9,62
$658
34.2
$23,093
$31,602
73.1
111.4
34.4
AUG 27 '92 10:20AM NAR
1991:3
$86,600
$8,660
$77,940
9.31
9.56
$659
34.0
$23,219
$31,621
73.4
112.4
34.6
1991:4
$84,200
$8,420
$75,780
8.74
8.99
$609
31.3
$23,345
$29,241
79.8
122.7
34.9
1992:1 r
$87,600
$8,760
$78,840
8.36
8.61
$612
31.4
$23,415
$29,394
79.7
122.4
34.9
1992:2 P
$88,100
$8,810
$79,290
8.46
8.71
$622
31.8
$23,485
$29,833
78.7
121.2
35.0
NAR RESEARCH DIVISION
PRODUCED: 30 Jul 92
NATIONAL ASSOCIATION OF REALTORS'
PUBLIC AFFAIRS DIVISION
DATE: 8-27
TO:
Jeannie Button
FAX NUMBER:
456-6218
4
FROM:
Ciz Duncan
PHONE #:
202/383- 1043
COMMENTS:
Hope this is helpful
LjD
TOTAL NUMBER OF PAGES INCLUDING THIS PAGE:
10
-
WE ARE TRANSMITTING FROM A RICOH FAX 85. OUR FAX NUMBER IS 202/383-7563.
P.1/10
RAR WH9T:01 26, 22 sny
Jeanner yours
of
hed
it
you
McGroarty/Bunton
August 28, 1992
1:00 p.m.
[colo]
PRESIDENTIAL REMARKS: COLORADO HOMEBUILDERS SITE
ARVADA, COLORADO
SEPTEMBER 2, 1992
XX:00 A.M.??
Thank you
for those kind words -- and thanks, all
of you, for this warm welcome. [Acknowledgements.]
[Color, based on site.]
When you're done here, I'd like to pack you up and take you
back to Washington. There's a certain House on the Hill back
there that's in need of a little renovation. // Actually, a
thorough cleaning would do just fine. //
Let me tell you why I'm here today cutting in to your coffee
break. Now that the Cold War is over, the defining challenge of
the 90's is to win the peace -- to win the competition of the new
global economy. //
I'll give it to you straight: In the 21st Century, America
must be not only a military superpower, but an economic
superpower -- an export superpower.
In this election, you'll hear two versions of how to do
this: My opponent's answer is to look inward -- to pretend we
can protect what we already have. Ours is to look forward --
open new markets, prepare our people to compete, restore the
social fabric, to save and invest -- so that, when it comes to
the global competition -- America will win. //
We need what I offer: A coherent strategy -- one that sees
that in today's world -- foreign policy, domestic policy and
2
economic policy are three sides of a single issue. A strategy
that reaches out to the world in a way that makes a difference
right here in Arvada -- in your neighborhoods, in your lives.
We must build on the fundamentals of lower tax rates, limits
on government spending, less red tape and regulation -- and more
trade, more competition, to generate the growth that means more
opportunity
...
more jobs.
And I think that in the 90's, government can add to this
growth program by building opportunity and hope for individuals,
empowering families and communities.
That's the key to long-term growth. But near-term -- right
now -- we all know we've got to do what we can to jumpstart our
economy
...
to put American back to work. //
Two weeks ago, when I accepted the nomination in Houston, I
said: Our policies haven't failed -- they haven't been tried.
for
That's true from everything from school choice in education
to my tough crime bill to our energy strategy -- but it's
especially true for my housing initiatives. Back in January,
more than 8 months ago, I challenged Congress to pass a new
incentive: a $5000 dollar tax credit for all first-time
homebuyers. I proposed that "home credit" for two reasons:
First, because I knew that coming out of troubled times, housing
ank
is traditionally the sector that pulls this economy forward.
But
I did it because I also wanted to help young families, the ones
struggling to save for that first home. Because the American
3
Dream, after all, really starts right here (gesture to homesite)
-- with a home of your own. //
This year alone, my plan would have meant more than
[270,000 Camzaign
new housing starts
-- and
120,000 new jobs for carpenters and
plumbers and plasterers.
And for the average first-time
mid to hirl
homebuyer in Colorado, that tax credit would have been the
Mt
equivalent of [8] months worth of mortgage payments. //
My plan's still sitting / stalled by a liberal leadership
that puts politics ahead of helping people. Why worry about
helping put people into new homes -- and put you back to work? I
guess they figure they've already got their own House -- and
their own Senate, too. //
I know Rule #1 in this business is: build from the ground
up. Well, given what you've seen in Congress this year -- I
think this is one time you ought to raise the roof. //
The housing business is no different from a hundred other
small businesses in America. I see small business as the engine
of the American economy -- generating jobs and opportunity. My
opponent sees small business as the goose that laid the golden
egg. From a payroll tax to a training tax to $150 billion in new
income taxes, Bill Clinton wants to squeeze small business to
bankroll big government. //
Well I say: keep your hands off the housing industry.
America's small businesses need relief -- relief from taxation /
litigation / and over-regulation. / /
4
You know, a week ago I was in Western Michigan, talking to a
group of small business leaders. I talked to a guy who runs an
asphalt paving company. He said, "Mr. President, government
regulations are killing us." He made the point that when a
regulation doesn't make sense, it's the worker who pays -- with
his job. //
Excessive regulation is a huge hidden cost in housing.
The single most expensive item in a home these days isnot the
sheetrock / or the drywall / it isn't all the lumber or even the
land underneath. The single most expensive item in a new home
these days is that piece of paper you stick inside the front
window -- the Building Permit. // All the regulations it
Nimby
represents add up, on average, to as much as 25 percent of the
cost of every house.
That's why [housing specific relief/NIMBY?] And it's why
I've put a freeze on all new federal regulation -- to give
businesses like yours a chance to breathe. //
Goods signs for this industry
/
We've worked to keep inflation under control -- and the
market's gotten the message. Interest rates today are lower now
than any time since 1973. The Last time a family could get a
mortage this low -- milk was XX cents a gallon, or for you
younger guys: Nolan Ryan was a rookie. //
Let me tell you what lower interest rates mean to the
American worker, the American family: Lower interest rates mean
real money -- real savings for every American who buys a home
...
5
for every family that refinances its mortgage. It means money in
your pocket -- on average, as much as $2000 dollars a year that
e
instead of paying to the bank, you can put in the bank.
2
Now that's good news, but I'm not satisfied with good news
when we could have even better. Here's a statistic: In 1991,
1.3 million buyers bought that first home -- and they. Some
studies show that half of all renters are ready to become buyers
-- if they could muster up that down payment. // If Congress
had passed my plan when I asked them to -- if Congress had acted
to help first-time homebuyers, you'd see [half a million] more
"Sold" signs on front lawns all across America. //
And workers in the home-building area wouldn't be worried
about pink slips -- they'd be too busy working overtime. //
So today, let me make a suggestion: Come November 3rd, you
can send me a Congress I can work with. //
And if you say: Give me one good reason you'll get Congress
to act I'll give you 150. That's the number of new faces we'll
see next year in the Congress. Now -- I'll be candid. I want
every last one of them to be Republican. / But whatever party
they come from -- even if they were first elected before some of
you were born -- they'll come back with a new appreciation for
what you want: a complete set of instructions from the American
people that it's time for Congress to change. //
Ask the candidates who are asking you for your vote: Are
you for free trade -- are you for the North American Free Trade
6
Agreement? Are you against the kind of foreign business tax that
will cost American jobs?
[[ And while you're asking
ask Pat Schroeder
--
ask her why
she flip-flopped on the Balanced Budget Amendment. Actually, it
was more of a bungee jump. First, Pat co-sponsored that bill --
and then as the vote got closer and closer
...
at the last
moment, the liberal leadership pulled the string, and snapped her
back into inaction. // ]]
Ask those questions -- and don't send any candidate to the
House or Senate unless you're sure they're going to help me move
this economy forward.
And when that new Congress comes to town -- I'll be ready.
Ready to act
ready to do the will of the American people.
Ready to move on my aggressive agenda for economic growth -- an
agenda that builds a more secure America, a stronger America --
at home and abroad. //
Thank you once again for this warm welcome -- and may God
bless the United States of America.
# # #
David Tell, Clinton has opposed the 5000 credit; according
to Jeremy Shane, he's simply been silent on it.
7
JEREMY SHANE -- BY PHONE, 8/27/92
CLINTON ON RECORD AS FAVORING BENTSEN'S BILL
(USE OF
IRAS FOR HOMEBUYERS)
SILENT ON BUSH 5000 PROVISION -- COULD SAY HE DOESN'T
SUPPORT IT, BUT FACT IS HE'S SILENT ON IT.
BETTER TO DRAW CONTRAST BETWEEN BUSH-CONGRESS THAN BUSH-
CLINTON THIS TIME??
**BILL INCLUDING IRA USE FOR HOMEBUYERS AND 2500 CREDIT IS
CURRENTLY UNDER VETO THREAT, FOR INADEQUATE ENTERPRISE ZONE
PROVISIONS. ALSO INCLUDES GRAB-BAG OF TAX INCREASES WE DON'T
SUPPORT (PARALLEL TO PRE-MARCH 20 DEMOCRATIC BILL WE VETOED??)
Jeannie
For omby file
TEL:
Aug 24'92 15:14 No. 003 P.06
5
August 24, 1992
MEMORANDUM FOR GARY FOSTER
FROM:
PAT MIZELL
RE:
THE PRESIDENT'S VISIT TO DENVER, COLORADO,
AUGUST 31 - SEPTEMBER 1, 1992
The President would travel to Denver on August 31, overnight in
Denver, and travel to Arvada, Colorado on the morning of
September 1 to visit a computer parts company. These events would
emphasize job creation.
PROPOSED EVENT SITES:
Arvada, Co. Construction Site
Arvada is a suburb of Denver that has seen rapid home development
due in large part to low interest rates. There are several sites
which would work. I looked at a neighborhood under construction
where the homes sell for approximately $110,000.
At this site, the President could emphasize job creation in two
ways. Low interest rates create more home buying, which creates
more construction, which creates jobs. The President's $5,000
first time home buyer tax incentive would further create more home
buying, more construction, and more jobs. The President could also
emphasize the obvious benefits that low interest rates and the tax
incentives have for consumers.
The event site would be a partially constructed home. Present
would be construction workers and families (approximately 100-200
people). The President could explain, with the help of stand-up
placards, job creation and consumer benefits. I envision exhibits
showing the monthly payments for a family with 8% interest rates,
as compared to 21% interest rates of the 70's. Another display
could illustrate potential job creation from low interest rates and
the tax incentives.
The neighborhood I visited was the Valley at Rainbow Ridge. The
developer is Jim Sheffield Homes, Mr. Sheffield is a supporter of
the President.
Subtle efforts should be made to check to see if the owner of the
new house is a supporter, to avoid negative publicity.
TEL:
Aug 24'92 15:15 No.003 P.07
6
no Boulder
Exabyte Corporation
Exabyte manufactures back-up memory systems for computers. It is
located in Boulder, Colorado.
During the past four years:
Revenues grew in 1987 from 3 million to 234 million in 1991.
Revenues for 1992 are expected to be over 300 million.
The workforce grew from 105 employees in 1987 to 940 in May 1992.
850 of the new hires were local employees.
It has been estimated that 4500 jobs have been indirectly created
in the Denver area through vendors, subcontractors, etc.
Fortune Magazine has named Exabyte the third fastest growing
company in the United States last year and the twelfth fastest
growing company this year.
All employees share in a profit sharing plan.
The company has high morale and extremely low turnover.
The company claims to have taken Japanese Technology and improved
it and transferred jobs to the United States.
Nearly 50 percent of their sales are international.
Exabyte was started with investment capital. The CEO, Peter
Behrendt, said that a capital gains tax cut, which the President
proposed, would stimulate more investment, more start-up companies,
like Behrendt's, and more jobs.
on my tour of the facility, I noticed several handicapped workers.
The President's remarks could make reference to the Americans with
Disabilities Act.
At this site, the President could tour an assembly line, and make
remarks to the employees and their families (approximately 1,500 -
2,000), or participate in an "Ask George Bush" regarding the
economy and job creation.
EVENT SCENARIO
The President would arrive in Denver and remain overnight. In the
morning, the President would travel via motorcade to Arvada
(fifteen minutes) and participate in the home construction event.
on arrival at the home site, the President would be greeted and
would proceed immediately to a toast lectern and make remarks to
seated and standing construction workers and families (the families
would represent consumers benefitted by the low interest rates and
tax incentives). Flanking the President would be the exhibits
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
01. Fax
Re: POTUS speech in Colorado; contains personal telephone
08/24/92
P-6, (b)(6)
numbers. (1 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Speechwriting, White House Office of
Series:
Speech File, Backup
Subseries:
WHORM Cat.:
File Location:
Georgia Homebuilder's 9/17/92 [2]
Date Closed:
12/9/2004
OA/ID Number:
07580
FOIA/SYS Case #:
Re-review Case #:
2004-2265-S
P-2/P-5 Review Case #:
MR Case #:
Appeal Case #:
MR Disposition:
Appeal Disposition:
Disposition Date:
Disposition Date:
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advise between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
TEL:
Aug 24'92 15:15 No. 003 P.08
7
described above, with the home construction as a backdrop. I
propose White House pool coverage and open local coverage.
On conclusion of remarks, the President could take questions or
proceed to the motorcade and depart to Boulder, Colorado.
The President would travel to Boulder via motorcade (20 minutes).
The motorcade would arrive at building 6 at Exabyte. The President
would be greeted, and proceed directly to an assembly line for a
brief tour. I propose pool coverage only. On conclusion, the
President would proceed outside to either make remarks to the
employees and families, or participate in the "Ask George Bush".
Under either scenario, the event site would be at the parking lot
outside the main entrance of Building 6.
Another site for the outdoor event could be the main parking lot
outside Building 3. The problem here would be the added motorcade
movement. In the event of inclement weather, there is an empty
building on the grounds that could be used.
On conclusion, the President would depart via motorcade to Denver
(30 minutes).
BACKGROUND:
In addition to the above described sites, I also visited the
National Renewable Energy Laboratory in Golden, Colorado. This is
a program started by Jimmy Carter in the 70's, which researches
alternative energy. This facility is primarily a laboratory. Most
of the large-scale solar research, which is more conducive to a
colorful event, is located in the mountains 20 miles away.
Although the NREL provides important research, there is little
opportunity for a colorful event. Additionally, this is a taxpayer
lab and most job creation is at public expense.
Please note that I have proposed doing two events in Colorado. If
only one event is done, I recommend the Exabyte event.
CONTACTS:
The contact at the home site is:
Tom Pitcher
The contact at Exabyte is:
Susan Merriman
303-447-7434 (0)
TEL:
Aug
24'92 15:14 No.003 P.06
5
c/27
August 24, 1992
MEMORANDUM FOR GARY FOSTER
plant
FROM:
PAT MIZELL
RE:
THE PRESIDENT'S VISIT TO DENVER, COLORADO,
put file in your
AUGUST 31 - SEPTEMBER 1, 1992
The President would travel to Denver on August 31, overnight in
Denver, and travel to Arvada Colorado on the morning of
September 1 to visit a computer parts company. These events would
emphasize job creation.
PROPOSED EVENT SITES:
Arvada, Co. Construction Site
Arvada is a suburb of Denver that has seen rapid home development
due in large part to low interest rates. There are several sites
which would work. I looked at a neighborhood under construction
where the homes sell for approximately $110,000.
At this site, the President could emphasize job creation in two
ways. Low interest rates create more home buying, which creates
more construction, which creates jobs. The President's $5,000
first time home buyer tax incentive would further create more home
buying, more construction, and more jobs. The President could also
emphasize the obvious benefits that low interest rates and the tax
incentives have for consumers.
The event site would be a partially constructed home. Present
would be construction workers and families (approximately 100-200
people). The President could explain, with the help of stand-up
placards, job creation and consumer benefits. I envision exhibits
showing the monthly payments for a family with 8% interest rates,
as compared to 21% interest rates of the 70's. Another display
could illustrate potential job creation from low interest rates and
the tax incentives.
The neighborhood I visited was the Valley at Rainbow Ridge. The
developer is Jim Sheffield Homes, Mr. Sheffield is a supporter of
the President.
Subtle efforts should be made to check to see if the owner of the
new house is a supporter, to avoid negative publicity.
TEL:
Fug 24'92 15:15 No.003 P.07
6
no Boneda
Exabyte Corporation
Exabyte manufactures back-up memory systems for computers. It is
located in Boulder, Colorado.
During the past four years:
Revenues grew in 1987 from 3 million to 234 million in 1991.
Revenues for 1992 are expected to be over 300 million.
The workforce grew from 105 employees in 1987 to 940 in May 1992.
850 of the new hires were local employees.
It has been estimated that 4500 jobs have been indirectly created
in the Denver area through vendors, subcontractors, etc.
Fortune Magazine has named Exabyte the third fastest growing
company in the United States last year and the twelfth fastest
growing company this year.
All employees share in a profit sharing plan.
The company has high morale and extremely low turnover.
The company claims to have taken Japanese Technology and improved
it and transferred jobs to the United States.
Nearly 50 percent of their sales are international.
Exabyte was started with investment capital. The CEO, Peter
Behrendt, said that a capital gains tax cut, which the President
proposed, would stimulate more investment, more start-up companies,
like Behrendt's, and more jobs.
on my tour of the facility, I noticed several handicapped workers.
The President's remarks could make reference to the Americans with
Disabilities Act.
At this site, the President could tour an assembly line, and make
remarks to the employees and their families (approximately 1,500 -
2,000), or participate in an "Ask George Bush" regarding the
economy and job creation.
EVENT SCENARIO
The President would arrive in Denver and remain overnight. In the
morning, the President would travel via motorcade to Arvada
(fifteen minutes) and participate in the home construction event.
On arrival at the home site, the President would be greeted and
would proceed immediately to a toast lectern and make remarks to
seated and standing construction workers and families (the families
would represent consumers benefitted by the low interest rates and
tax incentives). Flanking the President would be the exhibits
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
02. Fax
Re: POTUS speech in Colorado; contains personal telephone
08/24/92
P-6, (b)(6)
numbers. (1 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Speechwriting, White House Office of
Series:
Speech File, Backup
Subseries:
WHORM Cat.:
File Location:
Georgia Homebuilder's 9/17/92 [2]
Date Closed:
12/9/2004
OA/ID Number:
07580
FOIA/SYS Case #:
Re-review Case #:
2004-2265-S
P-2/P-5 Review Case #:
MR Case #:
Appeal Case #:
MR Disposition:
Appeal Disposition:
Disposition Date:
Disposition Date:
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advise between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
PAGE
1
LEVEL 1 - 65 OF 117 STORIES
Copyright 1992 Gannett Company, Inc.
GANNETT NEWS SERVICE
April 30, 1992, Thursday
SECTION: GNS TV
power toofs
LENGTH: 624 words
HEADLINE: ALLEN:PLAYING TO THE GUYS
AND BEYOND
BYLINE: JOE ROGERS
*[Wuson drids
KEYWORD: TV-ALLEN
BODY:
The phone interview starts at 8 a.m., begging the question: What's a TV
star-comedian doing starting his day 50 early?
'Well, it's the time the kid gets up, he says. ''She wakes up, I wake
up.
This is the nation's new macho man hero?
''The kid'' is a 2-year-old daughter, the TV star-comedian is Tim Allen of
ABC's Home Improvement' (8:30 p.m. EDT, Tuesdays on ABC).
Allen, known for his standup act, doesn't do much of it anymore.
''It's a little difficult getting into clubs, just because I cause such a
ruckus now where I don't really want to,'' he says. ''I'm a little naive about
all this attention, partly because I choose to be, partly because I wish it
wasn't so intense.
It's intense because Allen's ''masculinist'' humor has struck a chord,
particularly among - surprise! - men. On ''Home Improvement'' he plays tool-
infatuated Tim Taylor, a husband and father of three boys who believes most of
life's problems can be solved by taking the pertinent appliance and adding more
power.
Taylor hosts his own show-within-a-show, ''Tool Time,'' and generally exalts
guy stuff. The package has put ''Home Improvement'' in or near the top 10 all
during its first season, and has more males tuning in than network execs
normally expect.
''I think because we're finally celebrating things a lot of men evidently
like,' he says. ' 'And I think women watch because it's a good relationship, a
fairly honest one. And children for some reason really like it - that one we
can't put a finger on, because it surely wasn't intentional.
The relationship is the one that exists between him and his on-screen wife
Jill, played by Patricia Richardson. When Tim's testosterone pushes him to goofy
levels - he grunts animalistically when excited - like a disastrous rewiring of
the dishwasher to add more power, Jill's earth-mother sensibility restores
sanity.
LEXIS:NEXIS®
LEXIS·NEXIS®
LEXIS-NEXIS®
Services of Mead Data Central, Inc.
Recyclable
PAGE 2
GANNETT NEWS SERVICE, April 30, 1992
'We're able to play a relationship very well,' he says. ''I've heard from a
lot of women who say it's good to see a guy who can quickly realize he's wrong
and say he's sorry. It's the fact they have what looks like an essential
relationship but they disagree all the time.
''I think men and women disagree all the time. You've got to be able to deal
with that. You can't really change a person. Jill doesn't try to change Tim.
The masculinist schtick came about several years ago when Allen was playing
for a group of tire salesmen and execs - and bombing. He started talking about
tools and stuff - routers, sanders and the like
- to get their attention, and clicked. ''They responded to it, he says. ''I
knew immediately it was working, because I was killing with it.
That led to a Showtime special titled ''Men Are Pigs,' a concept men find
much easier to accept from Allen than, say, Roseanne Arnold. Onward then to a TV
deal with Disney, and not unexpected success. A second season awaits.
''We don't know a lot about Tim Taylor's background yet,' Allen says. ''That
I think we'll find out next year It wasn't that writers and others didn't
think of that before, there just wasn't time to do it all, Allen says.
('Tool Time' sidekick) Al and Tim hit a lot harder than everybody thought
they would,' Allen says. ' ' I laugh at them. It's amazing how well we work
together.
'Wilson (the wisdom-spouting, never-fully-seen neighbor) worked out real
well,' he says. The characters of the kids call for some more development, he
says, and then there's that filling-out of Tim to attend to.
' ' I hope we find out that Tim is quite a feminist, actually,' he says.
That's something I brought from my stage act. I had a lot of feminists in my
family. It becomes a part of you, you assimilate it. You assume that's how life
is.'
SUBJECT: PROFILE; HUMOR; TV PROGRAM; PROFILE TIM ALLEN:HOME IMPROVEMENT
TM
TM
TM
LEXIS:NEXIS®
LEXIS-NEXIS®
LEXIS·NEXIS®
Services of Mead Data Central, Inc.
Recyclable
Drew Cyon - CEA
5147
SEP
McGroarty/Nix
15
September 15, 1992
P5:
2:30 p.m.
/
[ga]
PRESIDENTIAL REMARKS: GEORGIA HOMEBUILDERS SITE
JONESBORO, GEORGIA
SEPTEMBER 17, 1992
XX:00 A.M.??
Thank you
-------
for those kind words -- and thanks, all of
you, for this warm welcome. [Acknowledgements.]
I'm pleased today to meet with you, because what you're
building here at 1270 Larkwood Drive isn't just a house -- it's a
little piece of the American Dream for the family who will call
it home. //
When you're done here, I'd like to pack you up and take you
back to Washington. There's a certain House on the Hill back
there that's in need of a little renovation. // You know Bob
Vila's show: This Old House? Well, there's an old House back in
Washington that hasn't been cleaned out for 38 years. //
Let me tell you why I'm here today. Now that the Cold War
is over, the defining challenge of the 90's is to win the peace -
- to win the competition of the new global economy. //
I'll give it to you straight: In the 21st Century, America
must be not only a military superpower, but an economic
superpower -- an export superpower.
In this election, you'll hear two versions of how to do
this: My opponent's answer is to look inward -- to pretend we
can protect what we already have. Ours is to look forward --
open new markets, prepare our people to compete, restore the
2
social fabric, to save and invest -- so that, when it comes to
the global competition -- America will win. //
We need what I offer: An Agenda for American Renewal -- a
strategy that reaches out to the world in a way that makes a
difference right here in Clayton County -- in your neighborhoods,
in your lives.
We must build on the fundamentals of lower tax rates, limits
on government spending, less red tape and regulation -- and more
trade, more competition, to generate the growth that means more
opportunity more jobs.
And I think that in the 90's, government can add to this
growth program by building opportunity and hope for individuals,
empowering families and communities.
My agenda for renewal is the blueprint for long-term growth.
But near-term -- right now -- we all know we've got to do what we
can to jumpstart our economy
to put America back to work.
//
Back in January, more than 8 months ago, I challenged
Congress to pass a new incentive: a $5000 dollar tax credit for
all first-time homebuyers. I proposed that "home credit" for two
reasons: First, because I knew that coming out of troubled
times, housing is traditionally the sector that pulls this
economy forward. I also wanted to help young families, the ones
struggling to save for that first home. Because the American
Dream, after all, really starts right here (gesture to homesite)
-- with a home of your own. //
3
120,000
This year alone, my plan would have meant more than 270,000
220,000 in the economy including
new housing starts -- and 120,000 new jobs a for carpenters and
plumbers and plasterers. And for the average first-time
homebuyer in Clayton County, that tax credit would have been the
equivalent of eight month's worth of mortgage payments. Right
here at 1270 Larkwood, it's like getting your down payment back -
- and more. //
My plan's still sitting / stalled by a liberal leadership
that puts politics ahead of helping people. Why worry about
helping put people into new homes -- and put you back to work? I
guess they figure they've already got their own House -- and
their own Senate, too. //
Rule #1 in this business is: build from the ground up.
Well, given what you've seen in Congress this year -- I think
this is one time you ought to raise the roof. //
The housing business is no different from a hundred other
small businesses in America. I see small business as the engine
of the American economy -- generating jobs and opportunity. My
opponent sees small business as the goose that laid the golden
egg. From $150 billion in new taxes / to a payroll tax for
health care / to a training tax -- Bill Clinton wants to squeeze
small business to bankroll big government. //
Well I say: keep your hands off the housing industry.
America's small businesses need relief -- relief from taxation /
litigation / and over-regulation. //
4
You know, last month I was in Western Michigan, talking to a
group of small business leaders. I talked to a guy who runs an
asphalt paving company. He said, "Mr. President, government
regulations are killing us." He made the point that when a
regulation doesn't make sense, it's the worker who pays -- with
his job. //
Excessive regulation is a huge hidden cost in housing.
The single most expensive item in a home these days isn't the
sheetrock / or the drywall / it isn't all the lumber or even the
land underneath. The single most expensive item in a new home
these days is that piece of paper you stick inside the front
window -- the Building Permit. // All the regulations it
one
represents add up, on average to as much as 25 percent of the
writicting
cost of every house.
That's why I've put a freeze on all new federal regulation -
- to give businesses like yours a chance to breathe. //
There are some good signs for the housing industry.
Interest rates today are lower now than any time since 1973.
{Add housing affordability index stat.} The last time a family
could get a mortgage this low -- milk was 98 cents a gallon, or
for you younger folks: Nolan Ryan was a rookie. //
Let me tell you what lower interest rates mean to the
American worker, the American family: Lower interest rates mean
real money -- real savings for every American who buys a home
...
for every family that refinances a mortgage. It means money in
your pocket -- on average, as much as $2000 dollars a year --
wnflicting
either average
or maximum
5
that instead of paying to the bank, you can put in the bank.
cannot verify
Nationwide, that's like a $30 billion dollar tax cut for
America's homeowners. //
Now that's good news, but I'm not satisfied with good news
when we could have even better. / Some studies show that three-
quarters of all renters are ready to become buyers -- if they
could muster up that downpayment. H If Congress had passed my
plan when I asked them to -- if Congress had acted to help first-
time homebuyers -- you'd see [half a million] more "Sold" signs
on front lawns all across America. //
And workers in the home-building area wouldn't be worried
about pink slips -- they'd be too busy working overtime. //
So today, let me make a suggestion: Come November 3rd, you
can send me a Congress I can work with. //
And if you say: Give me one good reason you'll get Congress
to act -- I'll give you 150. That's the number of new faces
we'll see next year in the Congress. Now -- I'll be candid. I
want every last one of them to be Republican. / But whatever
party they come from -- even if they were first elected before
some of you were born -- they'll come back with a new
appreciation for what you want: a complete set of instructions,
from the American people that it's time for Congress to change.
And don't forget what happened the last time the Democrats
controlled both ends of Pennsylvania Avenue: The days of malaise
-- a Misery Index over 20 percent -- and mortgage rates so high
it was a lock-out for millions of Americans who wanted to buy
6
their own home. We've seen what happens when the party of tax
and spend operates without any checks and balances. //
There's a better way -- a way we can do what's right for
America. I've set out 13 specific initiatives -- 13 actions I'll
challenge the new Congress to take in the first year of my second
term. / November 3rd I'm looking for a mandate to move forward:
To move forward on my Agenda for American Renewal -- an agenda
that builds the stronger, more secure America we want for
ourselves -- for our kids. 11
We've got to remember this fundamental fact: America is the
envy of the world, not because its government is great -- but
because its people are great. Because the American people are
builders who dream, and dreamers who build.
Thank you once again for this warm welcome -- and may God
bless the United States of America.
# # #
21-C
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September 11, 1992
MEMORANDUM
TO:
KATHY SUPER
JOHN KELLER
STEVE PROVOST
FROM:
GARY FOSTER G7
SUBJECT: SITE SURVEY FOR ATLANTA, GEORGIA
Attached is the site survey for the President's trip to Atlanta,
Georgia on Thursday, September 17. Once Kathy has the site
"scrubbed", implementation can begin.
Michele-
1
CC: Bob Zoellick
David Bates
Dennis Ross
Margaret Tutwiler
Tim McBride
Karen Groomes
Andrew Carpendale
please heys for
Speechwriters
file.
September 10, 1992
MEMORANDUM TO:
GARY FOSTER
FROM:
DOUG DUVALL
SUBJECT:
SURVEY REPORT FOR JONESBORO, GEORGIA
THURSDAY, SEPTEMBER 17, 1992
EVENT SCENARIO:
On the afternoon of September 17th, the President will travel
from Enid, Oklahoma to Atlanta's Hartsfield Airport. The President
will motorcade 20 minutes to a housing development in Jonesboro,
Georgia where he will address a crowd of approximately 3,000.
The President will be able to draw from his major speech in
Detroit by highlighting his proposals to stimulate economic growth.
In particular, the $5,000 tax credit for first time home buyers is
short term stimulus to get the housing industry and the entire
a economy moving. The housing industry has traditionally been a
leader providing jobs quickly for an economic recovery. The tax
credit, coupled with tax free IRA withdraws for first time home
buyers, define the difference between the President's and Clinton's
agendas.
After the event, the President will motorcade to a downtown
hotel. He will attend a fundraiser and attend the U.S. Olympic
Flag Jam in the Georgia Dome later that evening.
SITE PROPOSAL:
The Bush Quayle organization strongly recommended we have the
event in Clayton County which is 51% Republican. The proposed site
is in Jonesboro which has a higher Republican concentration.
Fayette, the neighboring county, is the highest percentage
Republican county in the state.
Given the nature of the event it is essential that the
President speak in front of a low to moderately priced home under
construction. The site is located in a development called the
Avery of Walnut Creek. Avery's residents are lower to middle
income with the majority of homes ranging from $70,000 - $75,000.
Most of the people who are buying are first time home buyers (some
with children) and "empty nesters", retired couples who are
downsizing their homes.
The problem I encountered when conducting the site survey was
finding houses of that price range currently under construction.
Many first time home buyers in the metro Atlanta area are buying
$150, 000+ homes. This says something positive about the economy but
does not give of the proper image nationally.
Construction at the Avery site began two years ago, and
approximately 75% of the lots have homes. Gerry Kopp, the
developer of Avery and Clayton County GOP Chair, says the biggest
problem people have in buying these homes is the down payment. The
house proposed as a backdrop for the event is located at 1270
Larkwood Drive. The house is framed with 2 x 4's and the plywood
has already been covered with roofing paper. Mr. Kopp says he can
speed up or slow down construction depending on the desired look we
want.
There is a vacant lot on both sides of the house but completed
homes beyond that. A retired Colonel and his wife live in the
occupied home next door and a CPA (African-American) and his family
live next to them. Across the street are vacant, dirt lots. Mr.
Kopp says he can level off the dirt with a bulldozer for the
standing crowd. Mr. Kopp is also willing to put a bulldozer, dump
truck, 2 x 4's on site for a more industrial atmosphere. The site
also overlooks the finished and occupied 2-3 bedroom homes of
Avery.
I propose the motorcade drive northeast on Larkwood Drive and
stop just prior to the home. A-tented could be created for an
ns
The President would then proceed to a small dais
off to the side of the house. The audience would fill the vacant
lot next door, the north half of Larkwood Drive and the vacant lots
across the street. The press platform could be at a head-on
position on Larkwood Drive. The cutaway would either be of the
onlooking crowd or the finished home next door. A crowd of 2,000 -
3,000 will look quite full, especially since the area across the
street scales upward, like an ampitheatre.
There are some security concerns considering the event will be
held in a neighborhood. The positioning of the bulldozer, dump
truck, wood, etc. should block the view of the neighbors to the
rear of the lot. There is also a 100 yd. strip of woods that has
a line of site, but only the tops of the trees are visible.
It should also be noted that Gov. Clinton was in Clayton
County on Wednesday, September 9th talking about welfare reform.
The President can use this housing event to highlight the
differences in the campaigns by stressing that we want to get
people off of government dependency and allow everyone an
opportunity to achieve the American Dream. Further, our
administration seeks to empower public housing residents by
allowing them a chance to manage and eventually own their homes.
Finally, the Democratic Congress did not fully fund the President's
HOPE (Homeownership and Opportunity for People Everywhere)
proposal, once again hampering the Administration's ability to get
his agenda to the people.
CONTACTS:
Lindey Fitzgerald, Georgia Bush-Quayle, 404/261-1992
Gerry Kopp, Developer of the Avery and clayton County GOP
404/471-1533
'92-09-14 12:53 DOUG GAMBLE
DOUG GAMBLE
424 - 36th Place
Manhattan Beach, CA 90266
Sept. 14/92
(310) 546-6409
TO: CHRISTINA MARTIN
2 Pages
ATLANTA OLYMPICS (Curt Smith)
BEING HERE IN THIS BEAUTIFUL NEW "GEORGIA DOME" REMINDS ME OF A STORY 1 HEARD
RECENTLY ABOUT A FOOTBALL TEAM'S KICKER WHO WASN'T TOO BRIGHT. HE MISSED
A FIELD GOAL IN A DOMED STADIUM, AND BLAMED THE WIND.
I'M LOOKING FORWARD TO THE 1996 OLYMPICS, AND I KNOW ATLANTANS ARE. JUST
THINK -- BY THEN, DEION SANDERS WILL PROBABLY HAVE QUALIFIED TO COMPETE IN
EVERY EVENT.
LIKE MILLIONS OF AMERICANS, I WAS COMPLETELY CAUGHT UP IN THE OLYMPIC SPIRIT
THIS SUMMER. EVERYTIME I FINISHED DELIVERING A SPEECH, I HALF EXPECTED THE
TO
PRESS CORPS HOLD UP CARDS WITH A SCORE WRITTEN ON THEM. (COME TO THINK OF
IT, I'M GLAD THEY DIDN'T.)
ONE SATURDAY NIGHT, BARBARA FOUND BIG PUDDLES OF WATER ALL OVER THE BATHROOM
FLOOR. SHE TOLD ME THE BATHTUB ISN'T THE BEST PLACE TO TRY THE BUTTERFLY STROKE.
MORE
McGroarty/Nix
September 15, 1992
12:30 p.m.
[ga]
PRESIDENTIAL REMARKS: GEORGIA HOMEBUILDERS SITE
JONESBORO, GEORGIA
SEPTEMBER 17, 1992
XX:00 A.M.??
Thank you
-------
for those kind words -- and thanks, all of
you, for this warm welcome. [Acknowledgements.]
I'm pleased today to meet with you, because what you're
building here at 1270 Larkwood Drive isn't just a house -- it's a
little piece of the American Dream for the family who will call
it home. //
When you're done here, I'd like to pack you up and take you
back to Washington. There's a certain House on the Hill back
there that's in need of a little renovation. // You know Bob
Vila's show: This old House? Well, there's an old House back in
Washington that hasn't been cleaned out for 38 years. //
Let me tell you why I'm here today. Now that the Cold War
is over, the defining challenge of the 90's is to win the peace -
- to win the competition of the new global economy. //
I'll give it to you straight: In the 21st Century, America
must be not only a military superpower, but an economic
superpower -- an export superpower.
In this election, you'll hear two versions of how to do
this: My opponent's answer is to look inward -- to pretend we
can protect what we already have. Ours is to look forward --
open new markets, prepare our people to compete, restore the
2
social fabric, to save and invest -- so that, when it comes to
the global competition -- America will win. //
We need what I offer: An Agenda for American Renewal -- a
strategy that reaches out to the world in a way that makes a
difference right here in Clayton County -- in your neighborhoods,
in your lives.
We must build on the fundamentals of lower tax rates, limits
on government spending, less red tape and regulation -- and more
trade, more competition, to generate the growth that means more
opportunity ... more jobs.
And I think that in the 90's, government can add to this
growth program by building opportunity and hope for individuals,
empowering families and communities.
My agenda for renewal is the blueprint for long-term growth.
But near-term -- right now -- we all know we've got to do what we
can to jumpstart our economy ... to put America back to work. 11
Back in January, more than 8 months ago, I challenged
Congress to pass a new incentive: a $5000 dollar tax credit for
all first-time homebuyers. I proposed that "home credit" for two
reasons: First, because I knew that coming out of troubled
times, housing is traditionally the sector that pulls this
economy forward. I also wanted to help young families, the ones
struggling to save for that first home. Because the American
Dream, after all, really starts right here (gesture to homesite)
-- with a home of your own. //
3
This year alone, my plan would have meant more than 270,000
new housing starts -- and 120,000 new jobs for carpenters and
plumbers and plasterers. And for the average first-time
homebuyer in Clayton County, that tax credit would have been the
equivalent of eight month's worth of mortgage payments. Right
here at 1270 Larkwood, it's like getting your down payment back -
- and more. //
My plan's still sitting / stalled by a liberal leadership
that puts politics ahead of helping people. Why worry about
helping put people into new homes -- and put you back to work? I
guess they figure they've already got their own House -- and
their own Senate, too. //
Rule #1 in this business is: build from the ground up.
Well, given what you've seen in Congress this year -- I think
this is one time you ought to raise the roof. //
The housing business is no different from a hundred other
small businesses in America. I see small business as the engine
of the American economy -- generating jobs and opportunity. My
opponent sees small business as the goose that laid the golden
egg. From a payroll tax for health care / to a training tax / to
$150 billion in new income taxes -- Bill Clinton wants to squeeze
small business to bankroll big government. //
Well I say: keep your hands off the housing industry.
America's small businesses need relief -- relief, from taxation L
litigation / and over-regulation. //
4
You know, last month I was in Western Michigan, talking to a
group of small business leaders. I talked to a guy who runs an
asphalt paving company. He said, "Mr. President, government
regulations are killing us." He made the point that when a
regulation doesn't make sense, it's the worker who pays -- with
his job. //
Excessive regulation is a huge hidden cost in housing.
The single most expensive item in a home these days isn't the
sheetrock / or the drywall / it isn't all the lumber or even the
land underneath. The single most expensive item in a new home
these days is that piece of paper you stick inside the front
window -- the Building Permit. // All the regulations it
represents add up, on average, to as much as 25 percent of the
cost of every house.
That's why [housing-specific relief/NIMBY?] And it's why
I've put a freeze on all new federal regulation -- to give
businesses like yours a chance to breathe. //
There are some good signs for the housing industry. We've
worked to keep inflation under control -- and the market's gotten
the message. Interest rates today are lower now than any time
since 1973. The last time a family could get a mortage this low
-- milk was 98 cents cents a gallon, or for you younger folks:
Nolan Ryan was a rookie. //
Let me tell you what lower interest rates mean to the
American worker, the American family: Lower interest rates mean
real money -- real savings for every American who buys a home
5
for every family that refinances a mortgage. It means money in
your pocket -- on average, as much as $2000 dollars a year --
that instead of paying to the bank, you can put in the bank.
Nationwide, that's like a $30 billion dollar tax cut for
America's homeowners. //
Now that's good news, but I'm not satisfied with good news
when we could have even better. / Some studies show that three-
quarters of all renters are ready to become buyers -- if they
could muster up that down payment. // If Congress had passed my
plan when I asked them to -- if Congress had acted to help first-
time homebuyers -- you'd see [half a million] more "Sold" signs
on front lawns all across America. 11
And workers in the home-building area wouldn't be worried
about pink slips -- they'd be too busy working overtime. //
So today, let me make a suggestion: Come November 3rd, you
can send me a Congress I can work with. //
And if you say: Give me one good reason you'll get Congress
to act -- I'll give you 150. That's the number of new faces
we'll see next year in the Congress. Now -- I'll be candid. I
want every last one of them to be Republican. / But whatever
party they come from -- even if they were first elected before
some of you were born -- they'll come back with a new
appreciation for what you want: a complete set of instructions
from the American people that it's time for Congress to change.
And don't forget what happened the last time the Democrats
controlled both ends of Pennsylvania Avenue: The days of malaise
6
-- a Misery Index over 20 percent -- and mortgage rates so high
it was a lock-out for millions of Americans who wanted to buy
their own home. We've seen what happens when the party of tax
and spend operates without any checks and balances. //
So when the new Congress comes to town -- I'll be there ---
ready to do the will of the American people. Ready to move on my
Agenda for American Renewal -- an agenda that builds the
stronger, more secure America we want for ourselves -- for our
kids. 11
We've got to remember this fundamental fact: America is the
envy of the world, not because its government is great -- but
because its people are great. Because the American people are
builders who dream, and dreamers who build.
Thank you once again for this warm welcome -- and may God
bless the United States of America.
# # #
To MICHELE
Date
oneur
Time 12:17
WHILE YOU WERE OUT
M
John Gau HUD thier
of
Phone
708 3896
Area Code
Number
Extension
TELEPHONED
PLEASE CALL
CALLED TO SEE YOU
WILL CALL AGAIN
WANTS TO SEE YOU
URGENT
RETURNED YOUR CALL
Message
R
Operator
AMPAD
23-021 200 SETS
EFFICIENCY@
23-421 - 400 SETS
CARBONLESS
Dan
:
Per HUD:
Housing affordability index as of second quarter ending in June:
121.2
In 1989, yearly average 108.1
In 1981, yearly average 68.9
McGroarty/Nix
September 15, 1992
8:00 a.m.
[ga]
PRESIDENTIAL REMARKS: GEORGIA HOMEBUILDERS SITE
JONESBORO, GEORGIA
SEPTEMBER 17, 1992
XX:00 A.M.?? 3:15 P.M.
Gerry[Kopp]
Thank you
for those kind words -- and thanks, all of
you, for this warm welcome. [Acknowledgements.)
I'm pleased today to meet with you, because what you're
building here at **** 1270 Larkwood Drive isn't just a house -- it's a
little piece of the American Dream for the familiy who will call
it home. //
When you're done here, I'd like to pack you up and take you
back to Washington. There's a certain House on the Hill back
there that's in need of a little renovation. 11 You know Bob
Vila's show: This old House? Well, there's an old House back in
Washington that hasn't been cleaned out for 38 years. //
Let me tell you why I'm here today cutting in to your coffee
break, Now that the Cold War is over, the defining challenge of
the 90's is to win the peace -- to win the competition of the new
global economy. //
I'll give it to you straight: In the 21st Century, America
must be not only a military superpower, but an economic
superpower -- an export superpower.
In this election, you'll hear two versions of how to do
this: My opponent's answer is to look inward -- to pretend we
can protect what we already have. Ours is to look forward --
2
open new markets, prepare our people to compete, restore the
social fabric, to save and invest -- so that, when it comes to
the global competition -- America will win. 11
We need what I offer: An Agenda for American Renewal -- a
strategy that reaches out to the world in a way that makes a
difference right here in Clayton County -- in your neighborhoods,
in your lives.
We must build on the fundamentals of lower tax rates, limits
on government spending, less red tape and regulation -- and more
trade, more competition, to generate the growth that means more
opportunity ... more jobs.
And I think that in the 90's, government can add to this
growth program by building opportunity and hope for individuals,
empowering families and communities.
My six point agenda for renewal is the blueprint for long-
term growth. But near-term -- right now -- we all know we've got
to do what we can to jumpstart our economy
...
to put American
back to work. 11
Back in January, more than 8 months ago, I challenged
Congress to pass a new incentive: a $5000 dollar tax credit for
all first-time homebuyers. I proposed that "home credit" for two
reasons: First, because I knew that coming out of troubled
times, housing is traditionally the sector that pulls this
economy forward. I also wanted to help young families, the ones
struggling to save for that first home. Because the American
4
You know, last month I was in Western Michigan, talking to a
group of small business leaders. I talked to a guy who runs an
asphalt paving company. He said, "Mr. President, government
regulations are killing us." He made the point that when a
regulation doesn't make sense, it's the worker who pays -- with
his job. 11
Excessive regulation is a huge hidden cost in housing.
The single most expensive item in a home these days isn't the
sheetrock / or the drywall / it isn't all the lumber or even the
land underneath. The single most expensive item in a new home
these days is that piece of paper you stick inside the front
window -- the Building Permit. // All the regulations it
represents add up, on average, to as much as 25 percent of the
cost of every house.
That's why [housing-specific relief/NIMBY?] And it's why
I've put a freeze on all new federal regulation -- to give
businesses like yours a chance to breathe. 11
There are some good signs for the housing industry. We've
worked to keep inflation under control -- and the market's gotten
the message. Interest rates today are lower now than any time
since 1973. The Last time a family could get a mortage this low
98
-- milk was [XX] cents a gallon, or for you younger folks: Nolan
Ryan was a rookie. //
Let me tell you what lower interest rates mean to the
American worker, the American family: Lower interest rates mean
real money -- real savings for every American who buys a home
lught getting here your at down payment back and make.
3
Dream, after all, really starts right here (gesture to homesite)
-- with a home of your own. //
This year alone, my plan would have meant more than 270,000
new housing starts -- and 120,000 new jobs for carpenters and
dry wallers.
plumbers and plasterers. And for the average first-time
homebuyer in Clayton County} that tax credit would have been
the equivalent of 8 months worth of mortgage payments. A //
My plan's still sitting / stalled by a liberal leadership
that puts politics ahead of helping people. Why worry about
helping put people into new homes -- and put you back to work? I
guess they figure they've already got their own House -- and
their own Senate, too. //
I
know I Rule #1 in this business is: build from the ground
up. Well, given what you've seen in Congress this year -- I
think this is one time you ought to raise the roof. //
The housing business is no different from a hundred other
small businesses in America. I see small business as the engine
of the American economy -- generating jobs and opportunity. My
opponent sees small business as the goose that laid the golden
egg. From a payroll tax for health care / to a training tax / to
$150 billion in new income taxes -- Bill Clinton wants to squeeze
small business to bankroll big government. //
T#-
Well I say: keep your hands off the / housing industry.
America's small businesses need relief -- relief from taxation /
litigation / and over-regulation. //
5 a
for every family that refinances its mortgage. It means money in
your pocket -- on average, as much as $2000 dollars a year --
that instead of paying to the bank, you can put in the bank.
Nationwide, that's like a $30 billion dollar tax cut for
America's homeowners. //
Now that's good news, but I'm not satisfied with good news
when we could have it even better. / Some studies show that three-
^
quarters of all renters are ready to become buyers -- if they
could muster up that down payment. // If Congress had passed my
plan when I asked them to -- if Congress had acted to help first-
time homebuyers -- you'd see [half a million] more "Sold" signs
on front lawns all across America. //
And workers in the home-building area wouldn't be worried
about pink slips -- they'd be too busy working overtime. //
So today, let me make a suggestion: Come November 3rd, you
can send me a Congress I can work with. //
And if you say: Give me one good reason you'll get Congress
to act -- I'll give you 150. That's the number of new faces
we'll see next year in the Congress. Now -- I'll be candid. I
want every last one of them to be Republican. / But whatever
party they come from -- even if they were first elected before
some of you were born -- they'll come back with a new
appreciation for what you want: a complete set of instructions
from the American people that it's time for Congress to change.
And don't forget what happened the last time the Democrats
controlled both ends of Pennsylvania Avenue: The days of malaise
6
-- a Misery Index over 20 percent -- and mortgage rates so high
it was a lock-out for millions of Americans who wanted to buy
Afiorn He fiorcople
mondate
their own home. We've seen what happens when the party of tax
and spend operates without any checks and balances.
//
there
we? been
So when the new Congress comes to town -- I'll be ready.
He's
Heady
Ready to act Carrying out ready to do To the will of the American people.
He'll be
Ready to I move ing on forward my Agenda for American Renewal we -- an agenda that
there
S
builds the stronger, more secure America want for ourselve n -- for
^
them to toget
our kids. // /
Joshes
We've got to remember this fundamental fact: America is the
they
new
envy of the world, not because its government is great -- but
to de.
because its people are great. Because the American people are
builders who dream, and dreamers who build.
Thank you once again for this warm welcome -- and may God
bless the United States of America.
# # #
McGroarty/Nix
September 15, 1992
8:00 a.m.
[ga]
PRESIDENTIAL REMARKS: GEORGIA HOMEBUILDERS SITE
JONESBORO, GEORGIA
SEPTEMBER 17, 1992
XX:00 A.M.??
Thank you
-------
for those kind words -- and thanks, all of
you, for this warm welcome. [Acknowledgements.]
I'm pleased today to meet with you, because what you're
building here at XXXX Larkwood Drive isn't just a house -- it's a
little piece of the American Dream for the familiy who will call
it home. //
When you're done here, I'd like to pack you up and take you
back to Washington. There's a certain House on the Hill back
there that's in need of a little renovation. // You know Bob
Vila's show: This Old House? Well, there's an old House back in
Washington that hasn't been cleaned out for 38 years. //
Let me tell you why I'm here today cutting in to your coffee
break. Now that the Cold War is over, the defining challenge of
the 90's is to win the peace -- to win the competition of the new
global economy. //
I'll give it to you straight: In the 21st Century, America
must be not only a military superpower, but an economic
superpower -- an export superpower.
In this election, you'll hear two versions of how to do
this: My opponent's answer is to look inward -- to pretend we
can protect what we already have. Ours is to look forward --
2
open new markets, prepare our people to compete, restore the
social fabric, to save and invest -- so that, when it comes to
the global competition -- America will win. //
We need what I offer: An Agenda for American Renewal -- a
strategy that reaches out to the world in a way that makes a
difference right here in Clayton County -- in your neighborhoods,
in your lives.
We must build on the fundamentals of lower tax rates, limits
on government spending, less red tape and regulation -- and more
trade, more competition, to generate the growth that means more
opportunity ... more jobs.
And I think that in the 90's, government can add to this
growth program by building opportunity and hope for individuals,
empowering families and communities.
My six-point agenda for renewal is the blueprint for long-
term growth. But near-term -- right now -- we all know we've got
to do what we can to jumpstart our economy
...
to put American
back to work. //
Back in January, more than 8 months ago, I challenged
Congress to pass a new incentive: a $5000 dollar tax credit for
all first-time homebuyers. I proposed that "home credit" for two
reasons: First, because I knew that coming out of troubled
times, housing is traditionally the sector that pulls this
economy forward. I also wanted to help young families, the ones
struggling to save for that first home. Because the American
3
Dream, after all, really starts right here (gesture to homesite)
-- with a home of your own. //
This year alone, my plan would have meant more than 270,000
new housing starts -- and 120,000 new jobs for carpenters and
plumbers and plasterers. And for the average first-time
homebuyer in [Clayton County], that tax credit would have been
the equivalent of [8] months worth of mortgage payments. //
My plan's still sitting / stalled by a liberal leadership
that puts politics ahead of helping people. Why worry about
helping put people into new homes -- and put you back to work? I
guess they figure they've already got their own House -- and
their own Senate, too. //
I know Rule #1 in this business is: build from the ground
up. Well, given what you've seen in Congress this year -- I
think this is one time you ought to raise the roof. //
The housing business is no different from a hundred other
small businesses in America. I see small business as the engine
of the American economy -- generating jobs and opportunity. My
opponent sees small business as the goose that laid the golden
egg. From a payroll tax for health care / to a training tax / to
$150 billion in new income taxes -- Bill Clinton wants to squeeze
small business to bankroll big government. //
Well I say: keep your hands off the housing industry.
America's small businesses need relief -- relief from taxation L
litigation / and over-regulation. //
4
You know, last month I was in Western Michigan, talking to a
group of small business leaders. I talked to a guy who runs an
asphalt paving company. He said, "Mr. President, government
regulations are killing us." He made the point that when a
regulation doesn't make sense, it's the worker who pays -- with
his job. //
Excessive regulation is a huge hidden cost in housing.
The single most expensive item in a home these days isn't the
sheetrock / or the drywall / it isn't all the lumber or even the
land underneath. The single most expensive item in a new home
these days is that piece of paper you stick inside the front
window -- the Building Permit. // All the regulations it
represents add up, on average, to as much as 25 percent of the
cost of every house.
That's why [housing-specific relief/NIMBY?] And it's why
I've put a freeze on all new federal regulation -- to give
businesses like yours a chance to breathe. //
There are some good signs for the housing industry. We've
worked to keep inflation under control -- and the market's gotten
the message. Interest rates today are lower now than any time
since 1973. The Last time a family could get a mortage this low
-- milk was [xx] cents a gallon, or for you younger folks: Nolan
Ryan was a rookie. //
Let me tell you what lower interest rates mean to the
American worker, the American family: Lower interest rates mean
real money -- real savings for every American who buys a home
...
5
for every family that refinances its mortgage. It means money in
your pocket -- on average, as much as $2000 dollars a year --
that instead of paying to the bank, you can put in the bank.
Nationwide, that's like a $30 billion dollar tax cut for
America's homeowners. //
Now that's good news, but I'm not satisfied with good news
when we could have even better. / Some studies show that three-
quarters of all renters are ready to become buyers -- if they
could muster up that down payment. // If Congress had passed my
plan when I asked them to -- if Congress had acted to help first-
time homebuyers -- you'd see [half a million] more "Sold" signs
on front lawns all across America. //
And workers in the home-building area wouldn't be worried
about pink slips -- they'd be too busy working overtime. //
So today, let me make a suggestion: Come November 3rd, you
can send me a Congress I can work with. //
And if you say: Give me one good reason you'll get Congress
to act -- I'll give you 150. That's the number of new faces
we'll see next year in the Congress. Now -- I'll be candid. I
want every last one of them to be Republican. / But whatever
party they come from -- even if they were first elected before
some of you were born -- they'll come back with a new
appreciation for what you want: a complete set of instructions
from the American people that it's time for Congress to change.
And don't forget what happened the last time the Democrats
controlled both ends of Pennsylvania Avenue: The days of malaise
6
-- a Misery Index over 20 percent -- and mortgage rates so high
it was a lock-out for millions of Americans who wanted to buy
their own home. We've seen what happens when the party of tax
and spend operates without any checks and balances. //
So when the new Congress comes to town -- I'll be ready.
Ready to act ... ready to do the will of the American people.
Ready to move on my Agenda for American Renewal -- an agenda that
builds the stronger, more secure America want for ourselve -- for
our kids. //
We've got to remember this fundamental fact: America is the
envy of the world, not because its government is great -- but
because its people are great. Because the American people are
builders who dream, and dreamers who build.
Thank you once again for this warm welcome -- and may God
bless the United States of America.
# # #
FACT SHEET
Downpayment requirement to purchase the NEWBERRY in the
AVERY SUBDIVISION under the FHA program would be
$3,700.00
If the legislation allowing the $5,000 tax credit would
pass the purchaser could literally get back the
downpayment plus have another $1,300 to buy the
necessities such as furniture, appliances, draperies, etc.
all of which support thousands of jobs in various
industries.
Additionally with the tax advantages afforded with the
purchase of the Newberry the average buyer could add as
much as $1,320.00 in new disposable income which would
equate to an additional $3,300 using the multiplier effect
in the community.
McGroarty/Nix
September 14, 1992
9:00 a.m.
[ga]
PRESIDENTIAL REMARKS: GEORGIA HOMEBUILDERS SITE
JONESBORO, GEORGIA
SEPTEMBER 17, 1992
XX:00 A.M.?? 3:15 p.m.
Gerry Kopp
Thank you R for those kind words -- and thanks, all of
you, for this warm welcome. [Acknowledgements.]
[Color, based on site.]
When you're done here, I'd like to pack you up and take you
back to Washington. There's a certain House on the Hill back
there that's in need of a little renovation. // You know Bob
Vila's show: This Old House? Well, there's an old House back in
Washington that hasn't been cleaned out for 38 years. 11
Let me tell you why I'm here today cutting in to your coffee
break.
Now that the Cold War is over, the defining challenge of
the 90's is to win the peace -- to win the competition of the new
global economy. //
I'll give it to you straight: In the 21st Century, America
must be not only a military superpower, but an economic
superpower -- an export superpower.
In this election, you'll hear two versions of how to do
this: My opponent's answer is to look inward -- to pretend we
can protect what we already have. Ours is to look forward --
open new markets, prepare our people to compete, restore the
social fabric, to save and invest -- so that, when it comes to
the global competition -- America will win. //
2
We need what I offer: An Agenda for American Renewal -- a
strategy that reaches out to the world in a way that makes a
difference right here in Clayton County -- in your neighborhoods,
in your lives.
We must build on the fundamentals of lower tax rates, limits
on government spending, less red tape and regulation -- and more
trade, more competition, to generate the growth that means more
opportunity
more jobs.
And I think that in the 90's, government can add to this
growth program by building opportunity and hope for individuals,
empowering families and communities.
That's the key to long-term growth. But near-term -- right
now -- we all know we've got to do what we can to jumpstart our
economy
to put American back to work. //
Back in January, more than 8 months ago, I challenged
Congress to pass a new incentive: a $5000 dollar tax credit for
all first-time homebuyers. I proposed that "home credit" for two
reasons: First, because I knew that coming out of troubled
times, housing is traditionally the sector that pulls this
economy forward. I also wanted to help young families, the ones
struggling to save for that first home. Because the American
Dream, after all, really starts right here (gesture to homesite)
-- with a home of your own. //
This year alone, my plan would have meant more than 270,000
new housing starts -- and 120,000 new jobs for carpenters and
dry wallerso
plumbers and plasterers. And for the average first-time
(POTUS won't be
able to say "plasterers."
could literally provide the down payment
back to the buyer.
3
homebuyer in [Clayton County], that tax credit would have been
almost 9
Right at
the equivalent of [8] months worth of mortgage payments.
//
My plan's still sitting / stalled by a liberal leadership
life
that puts politics ahead of helping people. Why worry about
get your
helping put people into new homes -- and put you back to work?
guess they figure they've already got their own House -- and
payment
down
their own Senate, too. //
back +
move
I know Rule #1 in this business is: build from the ground
up. Well, given what you've seen in Congress this year -- I
think this is one time you ought to raise the roof. //
The housing business is no different from a hundred other
small businesses in America. I see small business as the engine
of the American economy -- generating jobs and opportunity. My
opponent sees small business as the goose that laid the golden
egg. From a payroll tax for health care / to a training tax / to
$150 billion in new income taxes -- Bill Clinton wants to squeeze
small business to bankroll big government. //
#
Well I say: keep your hands off the / housing industry.
America's small businesses need relief -- relief from taxation /
litigation / and over-regulation. //
You know, last month I was in Western Michigan, talking to a
group of small business leaders. I talked to a guy who runs an
asphalt paving company. He said, "Mr. President, government
regulations are killing us." He made the point that when a
regulation doesn't make sense, it's the worker who pays -- with
his job. //
4
Excessive regulation is a huge hidden cost in housing.
The single most expensive item in a home these days isn't the
sheetrock / or the drywall / it isn't all the lumber or even the
land underneath. The single most expensive item in a new home
these days is that piece of paper you stick inside the front
window -- the Building Permit. // All the regulations it
represents add up, on average, to as much as 25 percent of the
cost of every house.
That's why [housing-specific relief/NIMBY?] And it's why
I've put a freeze on all new federal regulation -- to give
businesses like yours a chance to breathe. //
There are some good signs for the housing industry. We've
worked to keep inflation under control -- and the market's gotten
Koppar Clayton
the message. Interest rates today are lower now than any time
since 1973. The Last time a family could get a mortage this low
County
a
98
-- milk was [XX] cents a gallon, or for you younger folks: Nolan
Builder since1973.
Ryan was a rookie. //
Let me tell you what lower interest rates mean to the
American worker, the American family: Lower interest rates mean
real money -- real savings for every American who buys a home
...
for every family that refinances its mortgage. It means money in
your pocket -- on average, as much as $2000 dollars a year --
that instead of paying to the bank, you can put in the bank.
Nationwide, that's like a $30 billion dollar tax cut for
America's homeowners. //
5
Now that's good news, but I'm not satisfied with good news
it
when we could have even better. / Some studies show that three-
quarters of all renters are ready to become buyers -- if they
could muster up that down payment. // If Congress had passed my
plan when I asked them to -- if Congress had acted to help first-
time homebuyers -- you'd see [half a million] more "Sold" signs
on front lawns all across America. //
And workers in the home-building area wouldn't be worried
about pink slips -- they'd be too busy working overtime. //
So today, let me make a suggestion: Come November 3rd, you
can send me a Congress I can work with. //
And if you say: Give me one good reason you'll get Congress
to act -- I'll give you 150. That's the number of new faces
we'll see next year in the Congress. Now -- I'll be candid. I
want every last one of them to be Republican. / But whatever
party they come from -- even if they were first elected before
some of you were born -- they'll come back with a new
a mandate From
appreciation for what you want: a complete set of instructions
nded
from the American people that it's time for Congress to change. wc?
there
And when that new Congress comes to town -- I'll be ready.
Hersber
Ready to act
Carrying out?
to do the will of the American people.
ing forward
Need Ready
Ready to move on my Agenda for American Renewal -- an agenda that
I action words
builds the stronger, more secure America want for ourselve -- for
our kids. //
Thank you once again for this warm welcome -- and may God
bless the United States of America.
Homebuilders
Association Association
Dairy America American
In 1973, how much
did a gallon of
milk cost?
Rosement IL
708 803 2000
Yzgallon whole $65.4
Dairy Promotion Board and Research
(703) 528 - 4800
1973 gallon of milk
98 a gallon
Travis A+P Library of
707-5691
TEL:
Sep
14'92
12:22 No. 011 P.01
Noths Michelle
DQ. 4C
456-6218.
"A SECOND CHANCE" REMARKS BY BILL CLINTON CLAYTON COUNTY OFFICE OF
FAMILY AND CHILDREN'S SERVICES JONESBORO, GA SEPTEMBER 9, 1992
Thank you. Thank you very much, Governor Miller and ladies and
gentlemen. I want to say a special word of thanks to the fine
people who work in this peach program and to the people who
participate in it, not only to those who are here with me but those
with whom I met behind this building in the play yard. While you
were out here suffering in the sun, we were playing in the sand.
Don't you just resent it? We'd actually talked for a few minutes.
There were several parents and their children who were either
present participants in the peach program or graduates. Most of
them are right back here. Would y'all raise your hand? Let's give
them a hand. They were very helpful to me. I'm here today to talk
about this because I believe in the kind of work being done by the
peach program and because I've worked with wonderful people back in
my state, like the people who work in this program, to help move
people off of welfare, out of dependency, to open their futures
instead of to make them believe that life is a dead end waiting for
another government check that is not enough to support your
children or change your life. I became first involved in the work
of welfare reform way back in 1980, and since then, I have believed
passionately that we ought to change the welfare system as we know
it. Most of what I have learned about welfare I have learned from
the people who are on welfare or those who have been on it, or
those who have worked with them. I share a common belief that I
heard from these mothers today and the counsellors that the
American people share, people on welfare are the people who dislike
it most of all. Most people on welfare are dying for another
alternative, willing to seize it, and they'd like to end the
welfare system as we know it. Today, I want to share with you my
plan to do that. It is more important today than it would have
been a few years ago because of the alarming rate of increase in
poverty. Here in Georgia and across the country there are more
people who are working poor. Last week the Commerce Department
reported that average family income dropped $1, 100 last year alone.
Over the last decade, the percentage of hard work low-wage jobs
increased dramatically. And now--listen to this--one in every 10
Americans is on food stamps. America's welfare rolls are full to
bursting, increasing five times faster under this administration
than under the previous 12 years under Ronald Reagan and Jimmy
Carter combined. Three million more people have gone on welfare
since 1988; three million more are out of work. When poverty and
jobless rolls rise, we all pay. In the past year--listen to
this--we spent $8 billion more than we were spending three years
ago on welfare and food stamps alone. A big part of the answer is
obviously an economic program to put the American people back to
work and to get our incomes going up again. And obviously that is
what I have talked most about in this campaign. But the changing
face of welfare, and the changing nature of it, and the enormous
barriers to people moving from welfare to a productive life
deserves special attention. Especially now, that most people on
welfare are young women, and their little children. And the fact
TEL:
Sep 14'92 12:23 No 011 P.02
that only half of the people on welfare get off quickly. That's
just my musical background. It proves the point. In the
mid-1980s, on behalf of all the governors, Republicans and
Democrats, I co-chaired a welfare reform task force. We worked in
1988 with the Congress and with the Reagan White House to write
something called the Family Support Act of 1988, the first major,
major reform in the welfare system in more than a generation. The
law gave the states some financial help and some marching orders.
It said try to end welfare by giving more education and training to
mothers, and then requiring those who can go to work to go to work,
either when their children turn three, or when their children are
one if there is available child care. The problem with the law is,
as Georgia knows, it's never been fully implemented, and it didn't
go far enough. But Arkansas wanted to be in the forefront of that
law, and so, as Governor Miller said, we started Project Success,
to give child care, health care and education and training, and
then move people off welfare. In three years, 17,000 have moved
from welfare to work, saving our taxpayers $12 million, but far
more important, opening a brighter future to parents and children.
Independent researchers from the Manpower Demonstration Research
Corporation concluded it was one of the three best programs in the
country. This peach program is doing a great job. It is not in
every county in Georgia, and not every state in America has
implemented welfare reform, because the 1988 act has not been fully
implemented by this administration. They talk a lot about moving
people from welfare to work, but if you don't put the money in
there for training, for education, for child care, for
transportation, and you don't do it in every county in America, you
cannot crack the welfare problem. So the first thing I think every
person with whom I have ever talked on welfare agreed that welfare
ought to be a second chance, not a way of life. It's time to end
this system as we know it, and to start with two simple principles:
first, people who can work ought to go to work, and no one should
be able to stay on welfare forever. And second, no one who does
work, and who has children in the home, should live in poverty, as
too many are today. I am running for president on a plan that would
give everyone the funding they need for education, training, child
care, and transportation. But after two years, or after the end of
an education-and-training program, everyone on welfare would have
to go to work, either with a private-sector job, or if none is
available, with a job provided by the state or the local government
in community service. A strict time limit for AFDC recipients,
coupled with a real commitment to help them support their children,
provide them the education and transportation they need, would
literally make welfare what it ought to be, a temporary hand to
people who have fallen on tough times. This is not a conservative
or a liberal idea. It's both. It's different. And the people who
have lived with the present system know it will work if we invest
what we ought to and are firm in our administration of it. By the
time we are through, we shouldn't have a welfare system in America;
we ought to have a helping-hand program, followed by a jobs
program. The plan that I have offered sets money aside, up to $6
billion over the next four years, up to $6 billion a year, mounting
up to that over the next four years, and pays for it from the cuts
TEL:
Sep 14'92 12:24 No. 011 P.03
that we will make in wasteful government spending; in defense
savings; and in raising taxes on the wealthiest two percent of
Americans, whose incomes went up in America while their tax rates
went down, the direct reverse of what happened to the middle class.
When you consider that if we do not change welfare, 25 percent of
the people who are on welfare today will still be on it in the year
2000, you can be sure that we have to do it, and that doing it will
save a lot of money down the road. Spending a couple of thousand
dollars a year on a welfare recipient today; helping that person to
become independent, to lead their children in a different
direction; to open up new avenues of possibility; will mean more
incomes and more taxes, and less dependence in the future. More
important, it will improve the quality of life not only for people
on welfare but for their friends and neighbors as well. We've
heard a lot of talk this year about family values, and that's fine
with me; most of us wouldn't be here today without them. But if
we're going to be pro-family, we ought to be pro-child and
pro-work, and that's what this plan is. Today for people on
welfare, going to work too often means taking a job that will never
do anything, because you don't have any education and training; and
you may lose it in a couple of weeks. It often means losing
medical coverage, and child care benefits; giving up Medicaid. It
often means struggling to find a job that will keep you mired in
poverty forever. I want to make work pay by simply expanding the
earned income tax credit for the working poor. If you work 40
hours a week and you've got a child in the house, the income tax
system ought to give you a refund to lift you above the poverty
line. It'd be the cheapest thing we could ever do to say we are
for work and for family, and we'll reward the right values in this
country. We have to provide medical coverage to working people with
children, and to control health care costs while we're doing it.
To do that, we'll have to take on insurance companies, the way the
government regulates health care, the unbelievable paperwork and
bureaucracy and waste in our system. But don't let anybody tell
you we can't do it. Your nation spends 30 percent more of its
income than any country in the world on health care, and yet we
don't provide primary and preventive care, in poor rural areas in
inner cities, and we don't do the things that other countries do to
control health care costs. We're going to do that if I win this
election. We also need to find a way for poor people to get into
the free enterprise system. There's a community development bank in
Chicago called the South Shore Development Bank I've talked about
all over this country that actually loans money to poor people to
go into business for themselves or in small groups. And they've
made money doing it, because they understand that poor people are
like other people. Some are smart, some have skills, some have
ideas, some can make money. And they've made money in a bank
loaning money to people who are redlined in most communities in
this country. I want to set up a network of community development
banks to bring free enterprise to poor people in rural areas and in
inner cities. The next thing we have to do is be pro-savings.
Earlier this year, the government ordered a young woman in New
Haven, Connecticut, and her family, to repay welfare benefits
because she had scrimped and saved money from a part-time job to
TEL:
Sep 14'92 12:25 No. 011 P.04
put herself through college. I think we ought to raise the asset
limit, and encourage poor people to save money for job training,
for college, and for other paths to independence. And I recommend
raising it from $1,000 to $10,000 a year to encourage people to
save who are in tough times. Finally if we believe in family
values, we simply have got to toughen up our system of child
support enforcement, and launch a nationwide campaign to get money
from deadbeat parents who can pay and won't. I might say, one of
the most impressive things to me about the conversation I just had
back there is, a lot of these young women who are here working in
this program, taking care of their kids, said, if you want to run
this program right, you're going to have to crack down on people
who don't take care of their kids the way we do. People who use
drugs instead of feeding their kids with that money, you ought to
take it away from them and take care of their kids; that's what
they said, not me. I was impressed by that. Today an awful lot of
the money you as taxpayers spend on welfare goes for children whose
parents should be giving them support, but who aren't. If we want
to do something about the fact that one in five children plus is in
poverty; almost one in four children under the age of five is in
poverty; we can start by tracking down an estimated $25 billion in
owed and unpaid child support. As president, I will push for the
toughest child support enforcement possible. In our state, if you
fall more than $1,000 behind, we report you to every major credit
agency in the state. If you don't take care of your kids, you
shouldn't be able to borrow money for yourself. And last year, we
collected $41 million plus, money that we don't have to pay in
welfare and other public spending. Under my plan, we'll set up a
national deadbeat parents' data bank; begin a national system of
child support collections through automatic wage withholding; and
make an all- out effort to establish paternity in the hospital when
the baby is born; not in the courts after the father has left. We
ought to use our national data collecting systems like the IRS to
make sure that you cannot cross the state lines and meet your
court-ordered obligations to take care of your children. We ought
to challenge major credit agencies nationwide to report on all
people who are seriously deficient in their child support. You
simply shouldn't be able to borrow money for yourself if you don't
take care of your kids. It's time to send a clear message to people
who bring children into this world: governments don't raise kids,
people do. In the end, this isn't about government. This is about
people and their futures. There will never be a government program
for every problem, and the government can never take responsibility
for people that they ought to take for themselves. The only thing
that really holds us together as a nation, a free nation, is that
most of us get up every day and do the right thing. We go to work;
we do our best by our family; we honor the law; we treat our
neighbor with respect; we just do the right thing. Nobody makes us
do it. We have got to empower people to assume that level of
personal responsibility for themselves and for their children. It
is one way we can bring people together. Surely every American,
without regard to political party or religious faith or
philosophical convictions, can agree that we can stop the division
and blame and finger-pointing that has characterized welfare while
TEL:
Sep 14'92 12:25 No 011 P.05
things have gotten worse, and challenged people, then given them
the means to make the most of their lives. That is what this is
all about. I want to tell you my favorite story. A few years ago
when I started working on welfare reform, I brought some people
from my state to Washington, D.C., who had been on welfare, and who
had gone through one of our experimental programs before we went
statewide. And one of these women was very articulate, and I was
just questioning her. And there were all these governors just
sitting around just absolutely fascinated listening to this lady
talk. And I said, do you think that this ought to be mandatory?
You think that people ought to have to be in this program to get a
check? She said, I sure do, otherwise I might be home watching TV
instead of up here talking to you. And I said, well, now that
you've got this job, what's the best thing about it. And you could
have heard a pin drop, and that lady looked out at that crop of
governors, and she said, when my boy goes to school, and they ask
him, what does your momma do for a living, he can give an answer.
The Georgia Peach program is testament to the fact that these women
behind and those women who talked to me, and this fine lady over
here who now works for the state senate, people want to take care
of their kids, and they want to take care of themselves. This is a
crazy old world we're living in, and a lot of things happen to
people that we wish didn't happen. But what brings us together
today is the conviction that if we get up tomorrow, we can do
better than we're doing today, and that life is full of potentials,
and that we need to look at these folks on welfare, as potential,
full blown, vibrant, active, constructive American citizens who are
doing a great job raising their kids. And we need them. We do not
have a person to waste in this country. So I say to you that I
hope that in the next 55 days all of you will reflect on this.
Because one of the things that will chart the future of America as
we move toward the 21st century if whether we can do a better job
in making sure that every person lives up to the fullest of their
potential. Every person who's on welfare, and every kid who doesn't
make it in school, is another person who's not out there in a job
making America the strongest power in the world, and helping all
the rest of us to see to our parents in their old age; our children
in their youth; and to our own lives in their full flower. This is
a very important issue for every American. It's time to end the
welfare system as we know it, and lift the people on welfare by
much. providing more responsibility, and more opportunity. Thank you very
September 14, 1992
MEMORANDUM FOR DAN MC GROARTY
FROM:
MICHELE NIX
SUBJECT:
GEORGIA HOMEBUILDERS EVENT
A few more color tidbits:
Tentative speaking time is 3:17 p.m.
About 50-75 people live in the housing development to date -- all
will be invited. The rest of the audience (approximately 3,000
people) will be our usual targeted Republican crowd.
Gerry Kopp, the developer, is a big Bush fan and Clayton County
GOP chair.
The house on Larkwood has a two-car garage. No porch. The A
$66,000 house. Housing prices at The Avery development run
$65,000 - $75,000. Average monthly mortgage payment at The Avery
run $600.
Attached is a copy of a promotional brochure for the Avery
development. A picture of the home (the Newberry Model) is
included. We could play off of a lot of the terms and language
from the brochure (e.g., re Avery "Intelligent Choice for the
90s").
Also, Koppar Homes, Gerry Kopp's company, began in 1973 ("Koppar
Corporation. A Trusted Community Builder Since 1973"). This
could work well into your litany re low interest rates are lower
now than any time since 1973.
Also attached -- housing starts/jobs scenario had the President's
$5000 first-time home buyer tax credit been passed. NAHB working
on figure for tax credit = X months worth of mortgage payments in
Clayton County. Should have by end of today or tomorrow a.m.
Price of a gallon of milk in 1973 -- approx. $ .98
Jeremy Shane said Clinton has been silent; David Tell agrees --
on first-time home buyer credit. I looked through NEXIS and
found an article (attached) that comes close to an opinion on the
tax credit.
McGroarty/Nix
September 14, 1992
9:00 a.m.
[ga]
PRESIDENTIAL REMARKS: GEORGIA HOMEBUILDERS SITE
JONESBORO, GEORGIA
SEPTEMBER 17, 1992
XX:00 A.M.?? 3:15 p.m.
Gerry Kopp
Thank you A for those kind words -- and thanks, all of
you, for this warm welcome. [Acknowledgements.]
[Color, based on site.]
When you're done here, I'd like to pack you up and take you
back to Washington. There's a certain House on the Hill back
there that's in need of a little renovation. // You know Bob
Vila's show: This Old House? Well, there's an old House back in
Washington that hasn't been cleaned out for 38 years. //
Let me tell you why I'm here today cutting in to your coffee
break. Now that the Cold War is over, the defining challenge of
the 90's is to win the peace -- to win the competition of the new
global economy. //
I'll give it to you straight: In the 21st Century, America
must be not only a military superpower, but an economic
superpower -- an export superpower.
In this election, you'll hear two versions of how to do
backward
this: My opponent's answer is to look inward -- to pretend we
can protect what we already have. Ours is to look forward --
open new markets, prepare our people to compete, restore the
social fabric, to save and invest -- so that, when it comes to
the global competition -- America will win. //
2
We need what I offer: An Agenda for American Renewal -- a
strategy that reaches out to the world in a way that makes a
difference right here in Clayton County -- in your neighborhoods,
in your lives.
We must build on the fundamentals of lower tax rates, limits
on government spending, less red tape and regulation -- and more
trade, more competition, to generate the growth that means more
opportunity ... more jobs.
And I think that in the 90's, government can add to this
growth program by building opportunity and hope for individuals,
empowering families and communities.
That's the key to long-term growth. But near-term -- right
now -- we all know we've got to do what we can to jumpstart our
economy
to put American / back to work. //
Back in January, more than 8 months ago, I challenged
Congress to pass a new incentive: a $5000 dollar tax credit for
all first-time homebuyers. I proposed that "home credit" for two
reasons: First, because I knew that coming out of troubled
times, housing is traditionally the sector that pulls this
economy forward. I also wanted to help young families, the ones
struggling to save for that first home. Because the American
Dream, after all, really starts right here (gesture to homesite)
-- with a home of your own. //
This year alone, my plan would have meant more than 270,000
new housing starts -- and 120,000 new jobs for carpenters and
dry wallerso
plumbers and plasterers. And for the average first-time
POTUS won't be
able to say "plasterers."
3
homebuyer in [Clayton County], that tax credit would have been
almost 9
the equivalent of [8] months worth of mortgage payments. //
My plan's still sitting / stalled by a liberal leadership
that puts politics ahead of helping people. Why worry about
helping put people into new homes -- and put you back to work? I
guess they figure they've already got their own House -- and
their own Senate, too. //
I know I Rule #1 in this business is: build from the ground
up. Well, given what you've seen in Congress this year -- I
think this is one time you ought to raise the roof. //
The housing business is no different from a hundred other
small businesses in America. I see small business as the engine
of the American economy -- generating jobs and opportunity. My
opponent sees small business as the goose that laid the golden
egg. From a payroll tax for health care / to a training tax / to
$150 billion in new income taxes -- Bill Clinton wants to squeeze
small business to bankroll big government.
//
#
Well I say: keep your hands off the housing industry.
America's small businesses need relief -- relief from taxation /
litigation / and over-regulation. //
You know, last month I was in Western Michigan, talking to a
group of small business leaders. I talked to a guy who runs an
asphalt paving company. He said, "Mr. President, government
regulations are killing us." He made the point that when a
regulation doesn't make sense, it's the worker who pays -- with
his job. / /
4
Excessive regulation is a huge hidden cost in housing.
The single most expensive item in a home these days isn't the
sheetrock / or the drywall / it isn't all the lumber or even the
land underneath. The single most expensive item in a new home
these days is that piece of paper you stick inside the front
window -- the Building Permit. // All the regulations it
represents add up, on average, to as much as 25 percent of the
cost of every house.
That's why [housing-specific relief/NIMBY?] And it's why
I've put a freeze on all new federal regulation -- to give
businesses like yours a chance to breathe. //
There are some good signs for the housing industry. We've
worked to keep inflation under control -- and the market's gotten
the message. Interest rates today are lower now than any time
since 1973. The Last time a family could get a mortage this low
98
-- milk was [XX] cents a gallon, or for you younger folks: Nolan
Ryan was a rookie. //
Let me tell you what lower interest rates mean to the
American worker, the American family: Lower interest rates mean
real money -- real savings for every American who buys a home
for every family that refinances its mortgage. It means money in
your pocket -- on average, as much as $2000 dollars a year --
that instead of paying to the bank, you can put in the bank.
Nationwide, that's like a $30 billion dollar tax cut for
America's homeowners. //
5
Now that's good news, but I'm not satisfied with good news
it
when we could have even better. / Some studies show that three-
quarters of all renters are ready to become buyers -- if they
could muster up that down payment. // If Congress had passed my
plan when I asked them to -- if Congress had acted to help first-
time homebuyers -- you'd see [half a million] more "Sold" signs
on front lawns all across America. //
And workers in the home-building area wouldn't be worried
about pink slips -- they'd be too busy working overtime. //
So today, let me make a suggestion: Come November 3rd, you
can send me a Congress I can work with. //
And if you say: Give me one good reason you'll get Congress
to act -- I'll give you 150. That's the number of new faces
we'll see next year in the Congress. Now -- I'll be candid. I
want every last one of them to be Republican. / But whatever
party they come from -- even if they were first elected before
some of you were born -- they'll come back with a new
a mandate
from
appreciation for what you want: a complete set of instructions
people
from the American people that it's time for Congress to change.
there
we
And when that new Congress comes to town -- I'll be ready.
Heisber
Ready to act
Canying out?
ready to do the will of the American people.
ing forward
Neadership
how
Ready to move on my Agenda for American Renewal -- an agenda that
builds the stronger, more secure America want for ourselve -- for
action wouls
our kids. //
Thank you once again for this warm welcome -- and may God
bless the United States of America.
1992 HOME BUYER TAX CREDIT IMPACTS
ADDITIONAL:
HOUSING
FEDERAL
STARTS
JOBS
TAXES
($MILLION
UNITED STATES
215,000
415,500
$3,849
Alabama
1,934
3,738
$34.6
Alaska
102
198
$1.8
Arizona
3,826
7,395
$68.5
Arkansas
1,018
1,968
$18.2
California
38,182
73,790
$683.6
Colorado
1,788
3,456
$32.0
Connecticut
1,923
3,716
$34.4
Delaware
926
1,789
$16.6
Dist. of Columbia
66
127
$1.2
Florida
26,503
51,218
$474.5
Georgia
8,105
15,664
$145.1
Hawaii
1,535
2,966
$27.5
Idaho
767
1,483
$13.7
Illinois
6,807
13,156
$121.9
Indiana
4,253
8,218
$76.1
Iowa
1,187
2,295
$21.3
Kansas
1,386
2,678
$24.8
Kentucky
2,033
3,929
$36.4
Louisiana
982
1,899
$17.6
Maine
1,025
1,981
$18.4
Maryland
6,519
12,599
$116.7
Massachusetts
3,419
6,607
$61.2
Michigan
7,339
14,183
$131.4
Minnesota
4,036
7,800
$72.3
Mississippi
1,067
2,062
$19.1
Missouri
2,887
5,579
$51.7
Montana
113
219
$2.0
Nebraska
970
1,875
$17.4
Nevada
4,699
9,081
$84.1
New Hampshire
1,166
2,254
$20.9
New Jersey
4,873
9,418
$87.2
New Mexico
1,070
2,067
$19.1
New York
7,829
15,129
$140.2
North Carolina
7,767
15,010
$139.0
North Dakota
355
686
$6.4
Ohio
6,623
12,799
$118.6
Oklahoma
903
1,745
$16.2
Oregon
3,709
7,168
$66.4
Pennsylvania
7,306
14,120
$130.8
Rhode Island
621
1,200
$11.1
South Carolina
3,406
6,583
$61.0
South Dakota
333
644
$6.0
Tennessee
3,894
7,526
$69.7
Texas
6,632
12,817
$118.7
Utah
963
1,860
$17.2
Vermont
585
1,131
$10.5
Virginia
9,137
17,657
$163.6
Washington
7,744
14,966
$138.6
West Virginia
271
524
$4.9
Wisconsin
4,323
8,355
$77.4
Wyoming
89
172
$1.6
PO2
03:27:00 02-82-20
SENT BY: XEROX Telecopier 7017; 4-11-9> :10:32PM ;
4073800062-
2024566218:# 1
Bush/Quayle '92 - Georgia
3240 Peachtree Road
Atlanta, GA 30305
FAX COVER
Date: Sept 14
Number of pages including cover: 5
To:
Name
Michcle Nix
Fax Number
212-456-6218
From: Name
Linday Fitzgerld
Bush/Quaye '92 a Georgia
Fax Number
1-(404)-841-9720
Phone Number.. 1-(404)-261-1992
Comments: Model have at Site will
be The Regards" - PE. 2
Remember
Vote
Bush/Quayle
November 3!
SENT BY: XEROX Telecopier 7017 ; 4-11-9> :10:32PM ;
4073800062->
2024566218:# 2
THE AVERY
of
Walnut Creek
AVERY
OF WALNUT *CHICK
I-285
1/15
THE AVERY
19/41 TARA BLVD
HWY 138
}
Ask For Good Cents To Save
4 Miles
Energy And Money.
WALNUT
+
Georgia Power
IRONGATE BLVD
CREEK
A KOPPAR CORPORATION NEIGHBORHOOD
SENT BY: XEROX Telecopier 7017; 4-11-9> 10:33PM ;
4073800062-
2024566218:# 3
KOPPAR CORPORATION
A Trusted Community Builder Since 1973
KOPPAR HOMES
Discover
EXTERIOR FEATURES
THE AVERY
Patio or Deck
Sodded Yards
UNIQUE NEW HOMES
Underground Utilities
Protective Covenants
AAAAA! as
Professionally Designed
POSITIVE IMAGE
Landscaping
Cohesive Exterior Colors
INTELLIGENT CHOICE
Gutters, Downspouts & Splash
FOR THE 90s
Blocks
Lovejoy School District
Convenient to Airport &
NEW FRIENDS
Downtown
**Plus A Beautiful Neighborhood**
No,
THE REGENCY
will be
Newberry
the
*
this model
SENT BY: XEROX Telecopier 7017; 4-11-9> 10:33PM ;
4073800062->
2024566218:# 4
THE HANOVER
KOPPAR HOMES
INTERIOR FEATURES
Custom Cabinets
2-Car Finished Garage
2 or 3 Bedrooms
2 or 2.5 Baths
Garden Tubs
Separate Showers
Double Paned Windows
Steel Thermal Entrance Doors
Contact
Fireplace with Starter
Lynda Masters
Range, Dishwasher & Garbage
Marketing Director
Disposal
Vaulted or Trey Ceilings
THE AVERY
CORPORATE OFFICE
**QUALITY THROUGHOUT**
471-0950
471-1533
SENT BY: XEROX Telecopier 7017; 4-11-9> 10:34PM
;
4073800062-
2024566218:# 5
THE CHARLESTON
Koppar Corporation
P.O. Box 1116
Jonesboro, GA 30237
COMPARE OUR
QUALTUI
WORRONTHI
DISCOVER A: NEW NEIGHBORHOOD WITH PROVEN RESULTS
Ghcoln -
Account
did serve in IL
militia
September 14, 1992
MEMORANDUM FOR DAN MC GROARTY
FROM:
MICHELE NIX
SUBJECT:
GEORGIA HOMEBUILDERS EVENT
A few more color tidbits:
Tentative speaking time is 3:17 p.m.
About 50-75 people live in the housing development to date -- all
will be invited. The rest of the audience (approximately 3,000
people) will be our usual targeted Republican crowd.
Gerry Kopp, the developer, is a big Bush fan and Clayton County
GOP chair.
The house on Larkwood has a two-car garage. No porch. The A
$66,000 house. Housing prices at The Avery development run
$65,000 - $75,000. Average monthly mortgage payment at The Avery
run $600.
Attached is a copy of a promotional brochure for the Avery
development. A picture of the home (the Newberry Model) is
included. We could play off of a lot of the terms and language
from the brochure (e.g., re Avery "Intelligent Choice for the
90s").
Also, Koppar Homes, Gerry Kopp's company, began in 1973 ("Koppar
Corporation. A Trusted Community Builder Since 1973"). This
could work well into your litany re low interest rates are lower
now than any time since 1973.
Also attached -- housing starts/jobs scenario had the President's
$5000 first-time home buyer tax credit been passed. NAHB working
on figure for tax credit = X months worth of mortgage payments in
Clayton County. Should have by end of today or tomorrow a.m.
Price of a gallon of milk in 1973 -- approx. $ .98
Jeremy Shane said Clinton has been silent; David Tell agrees --
on first-time home buyer credit. I looked through NEXIS and
found an article (attached) that comes close to an opinion on the
tax credit.
SEP-14-92 MON 17:46
P.01
KUPPAR CO.PORATION
RESIDENTIAL COMMI RCIAL DI VELOPMENT. INVESTMENT
P.O. Box 1116
9594 Tara Blvd.
(404) 471-1533
Jonesboro. Georgia 30237
FAX TRANSMITTAL LETTER
FAX NO. 473-9664
TOTAL COPIES:
2
(includes cover sheet)
DATE:
9/14/92
TO:
Michelle Nix
FROM:
RICHARD CAAIRAN
RE:
MESSAGE:
If you do not receive the total transmittal, please contact
us at 471-1533.
SEP-14-92 MON 17:47
P.02
FACT SHEET
Downpayment requirement to purchase the NEWBERRY in the
AVERY SUBDIVISION under the FHA program would be
$3,700.00
If the legislation allowing the $5,000 tax credit would
pass the purchaser could literally get back the
downpayment plus have another $1,300 to buy the
necessities such as furniture, appliances, draperies, etc.
all of which support thousands of jobs in various
industries.
Additionally with the tax advantages afforded with the
purchase of the Newberry the average buyer could add as
much as $1,320.00 in new disposable income which would
equate to an additional $3,300 using the multiplier effect
in the community.
22
care, inefficiency, and, in the
sign a law this summer that
better life for themselves and
end, even higher costs.
incorporated my portability
their children. It's this spirit,
proposal. The new law en-
the commitment to the
My opponent's "play or
hances retirement security by
American Dream, that has
pay" approach winds up in the
permitting workers to transfer
made our country and our so-
same place as nationalized,
accrued pension benefits di-
ciety the most dynamic in the
bureaucratic health insurance
rectly to an IRA or to their
world.
- but through a different
new employer's pension plan.
route. And it is likely to kill a
If we are going to use that
lot of jobs along the way, espe-
Despite this improvement,
energy to drive us forward into
cially in small businesses.
I believe we must continue to
the 21st Century, we will need
Increasing the costs of labor -
look for ways to make it easier
to tap the aspirations of each
the "play" in his approach -
for workers who change jobs to
and every one of our citizens.
will lead businesses to hire
take pensions with them. We
No one should be left behind
fewer workers. Offering the al-
need to eliminate incentives to
for want of opportunity.
ternative of Government-
"cash out" benefits and in-
sponsored health care paid for
crease incentives to save for
Many of the programs that
with new taxes on payrolls -
the future.
I have discussed above -
the "pay" - will dump the
health care for all Americans,
problem in the lap of a
Job training, afford-
child care, job training, pen-
Government bureaucracy with
able health care, retirement
sion portability, a new compet-
the costs paid for by business-
security - when combined
itive school system based on
es and workers.
with a new system of educa-
community involvement and
tion and entrepreneurial, com-
choice for all American fami-
C.
petitive business, we can offer
lies support my plan to em-
Pension Portability
working men and women real
power all Americans to make
economic security in the 21st
their own choices and better
I have also been concerned
Century.
their lives. But I believe we
about the ability of workers to
need to do more for certain cit-
First
preserve their retirement pen-
izens who have fallen too far
sions as they change jobs. This
IX.
behind.
is a growing need because of
Leaving No
time
the increased likelihood that
My philosophy for en-
most workers will have more
One Behind:
abling all Americans to share
than one employer over the
Economic
the American Dream is sim-
home
course of their working years.
Opportunity for
ple: it's based on property and
work. Our urban and welfare
I proposed an initiative
Every American
programs must be designed to
last year to increase pension
enable people to break the
buyers credit
portability, expand pension
For over 200 years, the
cycle of poverty, get back on
coverage, and simplify the law
most exceptional aspect of
their feet, get back to work,
governing pension plans. And
American society has been the
and take responsibility for
I am pleased that I was able to
belief, the hope, that this is a
their own choices and their
land where people can make a
own lives.
23
I disagree with the failed
Our "Weed and Seed" effort
logic of "welfare rights" and its
can help reclaim and revitalize
emphasis on entitlement. I
impoverished and embattled
"My
philosophy for
disagree with "income mainte-
communities by eliminating
enabling all Americans
nance" strategies - strategies
the fear of drugs and violence,
that merely maintain poverty
targeting coordinated human
to share the American
and contain potential.
services programs, and im-
Dream is simple: it's
proving the housing stock and
Our goal should not be
infrastructure.
based on property and
more dependence - but rather
work. Our urban and
a new Declaration of
We also need to extend op-
Independence - to help peo-
portunity by enabling lower
welfare programs must
ple develop the human and
income families to build assets
financial capital to share the
- for example, by allowing aid
be designed to enable
American Dream. We have
recipients to accumulate high-
people to break the
taken the first step with our
er savings without losing their
implementation of the welfare-
eligibility.
cycle of poverty, get
to-work logic of the Family
back on their feet, get
Support Act of 1988. We have
And we need to expand
been encouraging flexible and
homeowner opportunities for
back to work, and take
innovative implementation
lower and middle income fami-
responsibility for their
through waivers that enable
lies. For example, HOPE
states to develop new pro-
grants enable more inner-city
own choices and their
grams to enhance parental
people to own their own
own lives."
and family responsibility and
homes. Our $5,000 tax credit
to insist on education and job
for first-time home buyers
training for those on welfare.
would help; so would permit-
Welfare policies won't work
ting voucher recipients to
unless people do.
apply their rental subsidies to-
ward the purchase of a home.
In our inner cities, we
need to restore hope by clear-
We can enhance the
ing away the handicap of
choice, quality, and avail-
crime, building a core of prop-
ability of housing through af-
erty owners, creating business
fordable rent subsidies in the
incentives, restoring infra-
form of housing vouchers, and
structure, and focusing our
through our "Perestroika in
programs on work and
Public Housing" program that
discipline.
widens opportunities for pub-
lic housing tenants to change
Enterprise zones can cre-
the management of troubled
ate solid economic foundations
projects.
in distressed communities.
24
This property and work-
X.
what our nation produced.
based approach need not be
That compares with 17.6% in
"Rightsizing"
more expensive than the tradi-
1965, 19.9% in 1970, 22.0% in
tional welfare bureaucracy.
Government
1975, and 22.3% in 1980. So
For example, over the past 12
not only has Government
years, federal spending for low
My blueprint envisages an
grown as the economy has
income assistance doubled
important Government role to
grown, but Government is tak-
even after inflation - from
make a secure and strong
ing a bigger share. The
$9.1 billion in 1980 to $18.3
America. But it is also impor-
American people are not taxed
billion this year (both in 1992
tant that Government not
too little. The American
dollars). This year, HUD is
siphon off more private re-
Government spends too much.
providing housing assistance
sources than are absolutely
to 4.6 million low-income fami-
necessary to perform the func-
In my acceptance speech I
lies, up from 3.1 million in
tions-that will help us win the
noted some of the efforts I will
1980. I have tried to rechannel
economic competition. Because
make to hold down spending. I
some of this funding to vouch-
an overweight Government -
have proposed capping the
ers because they are more
serving itself seconds rather
growth of mandatory spend-
cost effective than con-
than serving the people first -
ing, other than social security.
structing new public housing
will weigh us down in the race
That would still permit spend-
units. Furthermore, families
of a new era.
ing at present levels plus an
wouldn't have to wait five
adjustment for inflation and
years for the units to be built,
Much of my agenda can be
population growth. Yet this
and the vouchers give families
accomplished simply by redi-
cap would save $294 billion
more choice.
recting current funding away
over five years.
from bureaucracies and to-
For too long, Congress has
wards people. My agenda em-
To start to implement this
stubbornly refused to discard
powers people with the means
cap, I have proposed over $72
failed programs that perpetu-
to work, own property, build
billion in specific spending
ate welfare dependency. No
capital, raise families, and be
cuts for "mandatory" programs
doubt, many of these programs
effective contributors within
(FY93-97). If you add these
were well intentioned. But
our private market economy.
proposed cuts to others I have
now we know better. Give us a
Some of my ideas - legal and
previously called for but which
chance to try a different ap-
health care reforms, for
Congress has not yet enacted,
proach that will empower peo-
example - should even help
my specific cuts would total
ple to help themselves, to
us save money.
about $132 billion over five
build some capital for their
years. I have also proposed
families, to make choices that
Contrary to the assertions
the outright elimination of
develop self-respect and disci-
of some politicians and special
246 specific discretionary
pline. That's the real way to
interest groups, spending as a
programs.
offer economic opportunity for
percentage of the nation's
every American, to leave no
GDP has been going up, not
By way of comparison, my
one behind.
down. In 1991, the Federal
opponent has specifically pro-
Government spent 23.5% of
posed less than $5 billion in
PAGE 11
7TH STORY of Level 1 printed in FULL format.
Proprietary to the United Press International 1992
August 13, 1992, Thursday, BC cycle
SECTION: Domestic News
LENGTH: 386 words
HEADLINE: Poll shows one-third of U.S. electorate won't vote their purse
DATELINE: NEW YORK
KEYWORD: MONEYPOLL
BODY:
One-third of U.S. voters will not vote with their pocketbooks in mind in the
presidential election in November, according to a Money Magazine poll released
Thursday.
Money's poll of 1,001 adults found that one-third would vote for a
presidential candidate despite disagreeing with his views on a majority of
financial issues.
The results, which will appear in the magazine's September issue in ' ' How to
Vote Your Wallet,' showed that while 58 percent said they would vote for
Democratic candidate Clinton, more than a third preferred President Bush's
stands on pocketbook issues.
Some 32 percent said Bush would get their votes, but half of that group
favored Clinton's positions.
''In this climate, you'd think pocketbook issues would be the centerpiece of
this campaign, Paul Beckner, president of Citizens for a Sound Economy, a
non-partisan lobbying group, told the magazine.
"Unfortunately, that hasn't been the case,' he said.
The poll, conducted by the ICR Survey Research Group, asked for opinions on
positions taken by Bush and Cinton on 11 money matters, ranging from income
taxes to school choice.
Respondents were not told about the candidates' stands on these issues and
were not asked whom they planned to vote for until after they answered the main
questions.
Clinton's platform scored highest on tax relief for middle- and low- income
families. Some 78 percent of those polled said they approved of his plan to
lower taxes by an average of $300 per child and up to $200 per household that
does not have children. With a 76 percent approval rating, Bush's platform
scored highest on his plan to let taxpayers partially deduct any major loss in
selling a home.
Americans sided with Bush on five of 11 issues, supported Clinton on another
five and split evenly on one.
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Proprietary to the United Press International, August 13, 1992
Respondents favored Clinton's universal health coverage plank 2-to-1 over
Bush's health insurance tax incentives.
But by an equally wide margin, they favored the president's $5,000 tax break
proposal for first-time home buyers over Clinton's plan to extend federal
home loans.
Those polled also sided 2-to-1 with Clinton on his plan to raise the top
tax rate to 36 percent, while Bush's capital gains tax cut beat Clinton's more
modest proposal by a ratio of 5-to-3.
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PAGE 13
12TH STORY of Level 1 printed in FULL format.
Copyright 1992 Chicago Tribune Company
Chicago Tribune
July 26, 1992, Sunday, FINAL EDITION
SECTION: REAL ESTATE; Pg. 10; ZONE: C
LENGTH: 1061 words
HEADLINE: Clinton is building Democratic platform with a broad housing plank
BYLINE: By H. Jane Lehman, (copyright) 1992, H. Jane Lehman, Real Estate News
Service.
DATELINE: WASHINGTON
BODY:
Democratic presidential nominee Bill Clinton embraced a seemingly Republican
notion when his party's platform endorsed tenant management and ownership of
public housing projects at his party's recent convention in New York.
As the Bush administration's key housing spokesman, Jack Kemp has made tenant
empowerment the centerpiece of his four-year tenure as Housing and Urban
Development secretary.
The proposal to privatize public housing stands in contrast to more general
references in the brief housing plank to affordable mortgage credit,
homelessness and expansion of the country's low-income housing stock.
In the wake of the Los Angeles riots this spring, Clinton criticized
President Bush for failing to earlier embrace Kemp's ideas for dealing with
urban decay, including tenant ownership and management of public housing.
"Bill Clinton has long been an advocate of tenant ownership and management
and in general of empowering residents living in low-income housing units," said
John Kroger, deputy national issues director for the Clinton campaign.
Kroger said Clinton first sounded the theme as part of his presidential
campaign last fall.
The position, Kroger said, jibes with Clinton's belief that the country needs
"less bureaucratic solutions to social and economic problems."
A better understanding, however, of housing priorities under a Clinton
administration are found in a Clinton housing position paper released this year,
said Clinton spokesman Marc Weiss.
The paper includes a key proposal to expand the Federal Housing
Administration mortgage program in high-cost housing areas, said Weiss, a
Columbia University real estate professor who is a Clinton adviser and surrogate
speaker on urban and housing policy issues.
Kemp said in a statement that he is "delighted to see" the tenant empowerment
concept endorsed by the Democrats, adding, "I know it comes from Bill Clinton
personally."
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Chicago Tribune, July 26, 1992
Ever one to make political hay, however, Kemp could not resist adding, "I
hope it translates into some Democratic votes for President Bush's HOPE program
still in Congress," a legislative program that includes the tenant ownership
provisions.
Weiss stressed, however, what he called "important differences" between the
Clinton and Kemp approaches to tenant ownership.
Kemp, Weiss said, is "focused on privatization at all costs. He is trying to
sell off the public housing stock." Clinton, though, would be "interested in
tenant participation
only where it is voluntary, wanted and appropriate,"
Weiss said.
Clinton also parts company with Kemp in his commitment to fully fund the
maintenance and construction of public and government-assisted private housing,
Weiss said. Clinton has pledged to restore HUD spending to a pre-Reagan level
over four years, Weiss said.
Government figures show that in the face of 5.1 million household demand for
housing assistance, an additional 80,000 families a year, on average, received
housing help in the 1980s, compared to an ad-ditional average of 280,000
fami-lies in the 1970s, according to the National Low Income Housing Coalition.
However, wider availability of FHA loans is the main housing issue Clinton is
pushing in his campaign, Weiss said. Historically, many first-time buyers have
used the government-insured mortgage program to finance their homes.
Clinton would raise the maxi-mum FHA loan level from $124,875 to 95 percent
of the me-dian home price for a metro area. The increase would not help the
immediate Chicago area, where 95 percent of the 1991 median home price reported
by the National As-sociation of Realtors would work out to $124,500.
It would, however, boost home-buying prospects in places such as Washington,
D.C., and San Diego, where the limit would rise to $148,900 and $178,100,
respectively.
The higher FHA loan limit id the "thing (Clinton picked) as a symbol of what
he cared about and where he stood" on housing issues, Weiss said.
Weiss also said that as far as he knows, Clinton favors allowing tax-free
withdrawals from individual retirement accounts to assist with the purchase of a
first-time home.
"He was pre-empted by the Bush State of the Union proposal (to do the same
thing), so he sought to differentiate himself with the FHA loan-limit issue,"
Weiss said.
In more general terms, Clinton also takes aim at the declining rate of
homeownership among Americans in the Reagan and Bush years, Weiss said. "We want
to make an issue out of that (dropoff in homeownership rate) as part of middle
class falling behind in the 1980s," he said.
After rising for five consecutive decades, America's homeownership rate fell
to around 64 percent now from a peak of 65.6 percent in 1980, according to a
recent Census Bureau report. Among the age groups 25 to 29 and 30 to 34, the
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Chicago Tribune, July 26, 1992
decline was even sharper, falling by more than 6 percentage points.
Clinton is also on record as supporting permanent extension of the low-income
housing tax credit and mortgage revenue bonds and stepped-up efforts to
alleviate housing discrimination. He also proposes opening housing at closed
military bases to the homeless and transferring 10 percent of
government-controlled housing to nonprofit groups to house the homeless.
In addition, Clinton plans to "seriously re-energize and strengthen FHA" in
multifamily housing, Weiss said. Kemp shut down the FHA apartment construction
financing program two years ago amid mounting loan losses.
Several housing officials, including Angelo Mozilo, president of the Mortgage
Bankers Association of America, said they are encouraged that housing would
become a front-burner issue under Clinton.
The Democrat's housing plank "was very broad but it does cover all the
bases," including those of home buyers who do not need a government subsidy,
Mozilo said, who praised Clinton's FHA stand in particular.
Dorcas Helfant, president of the National Association of Realtors, said: "We
would like to see some more, but we are ahead of where we started (before the
convention).
However, Kathleen Boland, president of the National Housing Conference, an
affordable housing advocacy group, does not read as much into the platform. "It
suggests that there is not too much focus on housing," which, she said, concerns
her.
GRAPHIC: PHOTO: Bill Clinton's stand on housing issues bears some similarities
to that of HUD Secretary Jack Kemp. AP Laserphoto.
TERMS: CAMPAIGN; CANDIDATE; HOUSING; ISSUE
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19TH STORY of Level 1 printed in FULL format.
The Associated Press
The materials in the AP file were compiled by The Associated Press. These
materials may not be republished without the express written consent of The
Associated Press.
February 5, 1992, Wednesday, AM cycle
SECTION: Political News
LENGTH: 333 words
HEADLINE: The Issue: Tax Credits for New Home Buyers
DATELINE: WASHINGTON
KEYWORD: On The Issues
BODY:
Here are the views of the major presidential candidates on the question: "Do
you support new tax credits for first-time home buyers? If
DEMOCRATS
-Jerry Brown: "Mortgage payers, renters, and charities would be exempt from
my 13 percent flat tax."
-Bill Clinton: A spokeswoman said that instead of a straight tax credit,
Clinton supports a substantial increase in the ceiling of FHA mortgage
guarantees to make it easier for middle-class families to buy their first home.
-Tom Harkin: "At best, the credit (proposed by Bush) will go to five people who
will buy a home anyway for each one who will do 50 because of the housing
credit.
I would modify the plan SO that qualified borrowers could get the
needed downpayment, a key difficulty that stops many people from buying a home.
And I would start phasing out the program at $ 80,000 a year since most people
above that income level are able to buy a first home anyway."
-Bob Kerrey: "We can take two important steps to assist first-time home buyers.
First, we can make permanent the authority for both mortgage review bonds and
the low income housing tax credit. Second, we can raise the Farmers Home
Administration caps for home mortgages."
-Paul Tsongas: "Tax credits for first-time home buyers, while attractive
politically, simply do not make economic sense. At this critical time, we need
to channel all of our resources toward restoring the United States as the
preeminent economic power on earth. If we accomplish this, then people will have
the jobs to enable them not only to buy homes, but to afford to make the
payments as well."
REPUBLICANS
-George Bush: Proposed in his State of the Union address a tax credit of up
to $ 5,000 for home buyers who have not owned a home in the last three years.
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The Associated Press, February 5, 1992
Patrick Buchanan: A spokesman said Buchanan favors new tax credits for
first-time home buyers.
-David Duke: A spokesman said Duke favors new tax credits for first-time home
buyers.
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6
# # #
Fell, I of sent
haven This you one)
plan
call
J.Shane J. Shane
September 14, 1992
MEMORANDUM FOR BOB ZOELLICK
FROM:
DAN MC GROARTY
for an uptate.
SUBJECT:
GEORGIA HOMEBUILDERS EVENT
On the issue of the $5000 first-time homebuyers credit, our
strongest contrast is between Bush-Congress rather than Bush-
Clinton.
According to David Tell, Clinton has opposed our $5000
credit; according to Jeremy Shane, Clinton has simply been silent
on it, while backing Sen. Bentsen's bill (which includes
provisions allowing first-time buyers to tap IRAs).
6
7
JEREMY SHANE -- BY PHONE, 8/27/92
CLINTON ON RECORD AS FAVORING BENTSEN'S BILL....
(USE OF
IRAS FOR HOMEBUYERS)
SILENT ON BUSH 5000 PROVISION -- COULD SAY HE DOESN'T
SUPPORT IT, BUT FACT IS HE'S SILENT ON IT.
BETTER TO DRAW CONTRAST BETWEEN BUSH-CONGRESS THAN BUSH-
CLINTON THIS TIME??
**BILL INCLUDING IRA USE FOR HOMEBUYERS AND 2500 CREDIT IS
CURRENTLY UNDER VETO THREAT, FOR INADEQUATE ENTERPRISE ZONE
PROVISIONS. ALSO INCLUDES GRAB-BAG OF TAX INCREASES WE DON'T
SUPPORT (PARALLEL TO PRE-MARCH 20 DEMOCRATIC BILL WE VETOED??)
1992 HOME BUYER TAX CREDIT IMPACTS
ADDITIONAL:
HOUSING
FEDERAL
STARTS
JOBS
TAXES
($MILLION
UNITED STATES
215,000
415,500
$3,849
Alabama
1,934
3,738
$34.6
Alaska
102
198
$1.8
Arizona
3,826
7,395
$68.5
Arkansas
1,018
1,968
$18.2
California
38,182
73,790
$683.6
Colorado
1,788
3,456
$32.0
Connecticut
1,923
3,716
$34.4
Delaware
926
1,789
$16.6
Dist. of Columbia
66
127
$1.2
Florida
26,503
51,218
$474.5
Georgia
8,105
15,664
$145.1
Hawaii
1,535
2,966
$27.5
Idaho
767
1,483
$13.7
Illinois
6,807
13,156
$121.9
Indiana
4,253
8,218
$76.1
Iowa
1,187
2,295
$21.3
Kansas
1,386
2,678
$24.8
Kentucky
2,033
3,929
$36.4
Louisiana
982
1,899
$17.6
Maine
1,025
1,981
$18.4
Maryland
6,519
12,599
$116.7
Massachusetts
3,419
6,607
$61.2
Michigan
7,339
14,183
$131.4
Minnesota
4,036
7,800
$72.3
Mississippi
1,067
2,062
$19.1
Missouri
2,887
5,579
$51.7
Montana
113
219
$2.0
Nebraska
970
1,875
$17.4
Nevada
4,699
9,081
$84.1
New Hampshire
1,166
2,254
$20.9
New Jersey
4,873
9,418
$87.2
New Mexico
1,070
2,067
$19.1
New York
7,829
15,129
$140.2
North Carolina
7,767
15,010
$139.0
North Dakota
355
686
$6.4
Ohio
6,623
12,799
$118.6
Oklahoma
903
1,745
$16.2
Oregon
3,709
7,168
$66.4
Pennsylvania
7,306
14,120
$130.8
Rhode Island
621
1,200
$11.1
South Carolina
3,406
6,583
$61.0
South Dakota
333
644
$6.0
Tennessee
3,894
7,526
$69.7
Texas
6,632
12,817
$118.7
Utah
963
1,860
$17.2
Vermont
585
1,131
$10.5
Virginia
9,137
17,657
$163.6
Washington
7,744
14,966
$138.6
West Virginia
271
524
$4.9
Wisconsin
4,323
8,355
$77.4
Wyoming
89
172
$1.6
PO2
03:27:00 02-28-20
TEL:
Sep 14'92 11:35 No.007 P.01
"A SECOND CHANCE" REMARKS BY BILL CLINTON CLAYTON COUNTY OFFICE OF
FAMILY AND CHILDREN'S SERVICES JONESBORO, GA SEPTEMBER 9, 1992
Thank you. Thank you very much, Governor Miller and ladies and
gentlemen. I want to say a special word of thanks to the fine
people who work in this peach program and to the people who
participate in it, not only to those who are here with me but those
with whom I met behind this building in the play yard. While you
were out here suffering in the sun, we were playing in the sand.
Don't you just resent it? We'd actually talked for a few minutes.
There were several parents and their children who were either
present participants in the peach program or graduates. Most of
them are right back here. Would y'all raise your hand? Let's give
them a hand. They were very helpful to me. I'm here today to talk
about this because I believe in the kind of work being done by the
peach program and because I've worked with wonderful people back in
my state, like the people who work in this program, to help move
people off of welfare, out of dependency, to open their futures
instead of to make them believe that life is a dead end waiting for
another government check that is not enough to support your
children or change your life. I became first involved in the work
of welfare reform way back in 1980, and since then, I have believed
passionately that we ought to change the welfare system as we know
it. Most of what I have learned about welfare I have learned from
the people who are on welfare or those who have been on it, or
those who have worked with them. I share a common belief that I
heard from these mothers today and the counsellors that the
American people share, people on welfare are the people who dislike
it most of all. Most people on welfare are dying for another
alternative, willing to seize it, and they'd like to end the
welfare system as we know it. Today, I want to share with you my
plan to do that. It is more important today than it would have
been a few years ago because of the alarming rate of increase in
poverty. Here in Georgia and across the country there are more
people who are working poor. Last week the Commerce Department
reported that average family income dropped $1,100 last year alone.
Over the last decade, the percentage of hard work low-wage jobs
increased dramatically. And now--listen to this--one in every 10
Americans is on food stamps. America's welfare rolls are full to
bursting, increasing five times faster under this administration
than under the previous 12 years under Ronald Reagan and Jimmy
Carter combined. Three million more people have gone on welfare
since 1988; three million more are out of work. When poverty and
jobless rolls rise, we all pay. In the past year--listen to
this--we spent $8 billion more than we were spending three years
ago on welfare and food stamps alone. A big part of the answer is
obviously an economic program to put the American people back to
work and to get our incomes going up again. And obviously that is
what I have talked most about in this campaign. But the changing
face of welfare, and the changing nature of it, and the enormous
barriers to people moving from welfare to a productive life
deserves special attention. Especially now, that most people on
welfare are young women, and their little children. And the fact
TEL:
Sep 14'92 11:36 No.007 P.02
that only half of the people on welfare get off quickly. That's
just my musical background. It proves the point. In the
mid-1980s, on behalf of all the governors, Republicans and
Democrats, I co-chaired a welfare reform task force. We worked in
1988 with the Congress and with the Reagan White House to write
something called the Family Support Act of 1988, the first major,
major reform in the welfare system in more than a generation. The
law gave the states some financial help and some marching orders.
It said try to end welfare by giving more education and training to
mothers, and then requiring those who can go to work to go to work,
either when their children turn three, or when their children are
one if there is available child care. The problem with the law is,
as Georgia knows, it's never been fully implemented, and it didn't
go far enough. But Arkansas wanted to be in the forefront of that
law, and so, as Governor Miller said, we started Project Success,
to give child care, health care and education and training, and
then move people off welfare. In three years, 17,000 have moved
from welfare to work, saving our taxpayers $12 million, but far
more important, opening a brighter future to parents and children.
Independent researchers from the Manpower Demonstration Research
Corporation concluded it was one of the three best programs in the
country. This peach program is doing a great job. It is not in
every county in Georgia, and not every state in America has
implemented welfare reform, because the 1988 act has not been fully
implemented by this administration. They talk a lot about moving
people from welfare to work, but if you don't put the money in
there for training, for education, for child care, for
transportation, and you don't do it in every county in America, you
cannot crack the welfare problem. So the first thing I think every
person with whom I have ever talked on welfare agreed that welfare
ought to be a second chance, not a way of life. It's time to end
this system as we know it, and to start with two simple principles:
first, people who can work ought to go to work, and no one should
be able to stay on welfare forever. And second, no one who does
work, and who has children in the home, should live in poverty, as
too many are today. I am running for president on a plan that would
give everyone the funding they need for education, training, child
care, and transportation. But after two years, or after the end of
an education-and-training program, everyone on welfare would have
to go to work, either with a private-sector job, or if none is
available, with a job provided by the state or the local government
in community service. A strict time limit for AFDC recipients,
coupled with a real commitment to help them support their children,
provide them the education and transportation they need, would
literally make welfare what it ought to be, a temporary hand to
people who have fallen on tough times. This is not a conservative
or a liberal idea. It's both. It's different. And the people who
have lived with the present system know it will work if we invest
what we ought to and are firm in our administration of it. By the
time we are through, we shouldn't have a welfare system in America;
we ought to have a helping-hand program, followed by a jobs
program. The plan that I have offered sets money aside, up to $6
billion over the next four years, up to $6 billion a year, mounting
up to that over the next four years, and pays for it from the cuts
TEL:
Sep
14'92 11:36 No .007 P.03
that we will make in wasteful government spending; in defense
savings; and in raising taxes on the wealthiest two percent of
Americans, whose incomes went up in America while their tax rates
went down, the direct reverse of what happened to the middle class.
when you consider that if we do not change welfare, 25 percent of
the people who are on welfare today will still be on it in the year
2000, you can be sure that we have to do it, and that doing it will
save a lot of money down the road. Spending a couple of thousand
dollars a year on a welfare recipient today; helping that person to
become independent, to lead their children in a different
direction; to open up new avenues of possibility; will mean more
incomes and more taxes, and less dependence in the future. More
important, it will improve the quality of life not only for people
on welfare but for their friends and neighbors as well. We've
heard a lot of talk this year about family values, and that's fine
with me; most of us wouldn't be here today without them. But if
we're going to be pro-family, we ought to be pro-child and
pro-work, and that's what this plan is. Today for people on
welfare, going to work too often means taking a job that will never
do anything, because you don't have any education and training; and
you may lose it in a couple of weeks. It often means losing
medical coverage, and child care benefits; giving up Medicaid. It
often means struggling to find a job that will keep you mired in
poverty forever. I want to make work pay by simply expanding the
earned income tax credit for the working poor. If you work 40
hours a week and you've got a child in the house, the income tax
system ought to give you a refund to lift you above the poverty
line. It'd be the cheapest thing we could ever do to say we are
for work and for family, and we'll reward the right values in this
country. We have to provide medical coverage to working people with
children, and to control health care costs while we're doing it.
To do that, we'll have to take on insurance companies, the way the
government regulates health care, the unbelievable paperwork and
bureaucracy and waste in our system. But don't let anybody tell
you we can't do it. Your nation spends 30 percent more of its
income than any country in the world on health care, and yet we
don't provide primary and preventive care, in poor rural areas in
inner cities, and we don't do the things that other countries do to
control health care costs. We're going to do that if I win this
election. We also need to find a way for poor people to get into
the free enterprise system. There's a community development bank in
Chicago called the South Shore Development Bank I've talked about
all over this country that actually loans money to poor people to
go into business for themselves or in small groups. And they've
made money doing it, because they understand that poor people are
like other people. Some are smart, some have skills, some have
ideas, some can make money. And they've made money in a bank
loaning money to people who are redlined in most communities in
this country. I want to set up a network of community development
banks to bring free enterprise to poor people in rural areas and in
inner cities. The next thing we have to do is be pro-savings.
Earlier this year, the government ordered a young woman in New
Haven, Connecticut, and her family, to repay welfare benefits
because she had scrimped and saved money from a part-time job to
TEL:
Sep 14'92 11:37 No.007 P.04
put herself through college. I think we ought to raise the asset
limit, and encourage poor people to save money for job training,
for college, and for other paths to independence. And I recommend
raising it from $1,000 to $10,000 a year to encourage people to
save who are in tough times. Finally if we believe in family
values, we simply have got to toughen up our system of child
support enforcement, and launch a nationwide campaign to get money
from deadbeat parents who can pay and won't. I might say, one of
the most impressive things to me about the conversation I just had
back there is, a lot of these young women who are here working in
this program, taking care of their kids, said, if you want to run
this program right, you're going to have to crack down on people
who don't take care of their kids the way we do. People who use
drugs instead of feeding their kids with that money, you ought to
take it away from them and take care of their kids; that's what
they said, not me. I was impressed by that. Today an awful lot of
the money you as taxpayers spend on welfare goes for children whose
parents should be giving them support, but who aren't. If we want
to do something about the fact that one in five children plus is in
poverty; almost one in four children under the age of five is in
poverty; we can start by tracking down an estimated $25 billion in
owed and unpaid child support. As president, I will push for the
toughest child support enforcement possible. In our state, if you
fall more than $1,000 behind, we report you to every major credit
agency in the state. If you don't take care of your kids, you
shouldn't be able to borrow money for yourself. And last year, we
collected $41 million plus, money that we don't have to pay in
welfare and other public spending. Under my plan, we'll set up a
national deadbeat parents' data bank; begin a national system of
child support collections through automatic wage withholding; and
make an all- out effort to establish paternity in the hospital when
the baby is born; not in the courts after the father has left. We
ought to use our national data collecting systems like the IRS to
make sure that you cannot cross the state lines and meet your
court-ordered obligations to take care of your children. We ought
to challenge major credit agencies nationwide to report on all
people who are seriously deficient in their child support. You
simply shouldn't be able to borrow money for yourself if you don't
take care of your kids. It's time to send a clear message to people
who bring children into this world: governments don't raise kids,
people do. In the end, this isn't about government. This is about
people and their futures. There will never be a government program
for every problem, and the government can never take responsibility
for people that they ought to take for themselves. The only thing
that really holds us together as a nation, a free nation, is that
most of us get up every day and do the right thing. We go to work;
we do our best by our family; we honor the law; we treat our
neighbor with respect; we just do the right thing. Nobody makes us
do it. We have got to empower people to assume that level of
personal responsibility for themselves and for their children. It
is one way we can bring people together. Surely every American,
without regard to political party or religious faith or
philosophical convictions, can agree that we can stop the division
and blame and finger-pointing that has characterized welfare while
TEL:
Sep 14'92 11:38 No.007 P.05
things have gotten worse, and challenged people, then given them
the means to make the most of their lives. That is what this is
all about. I want to tell you my favorite story. A few years ago
when I started working on welfare reform, I brought some people
from my state to Washington, D.C., who had been on welfare, and who
had gone through one of our experimental programs before we went
statewide. And one of these women was very articulate, and I was
just questioning her. And there were all these governors just
sitting around just absolutely fascinated listening to this lady
talk. And I said, do you think that this ought to be mandatory?
You think that people ought to have to be in this program to get a
check? She said, I sure do, otherwise I might be home watching TV
instead of up here talking to you. And I said, well, now that
you've got this job, what's the best thing about it. And you could
have heard a pin drop, and that lady looked out at that crop of
governors, and she said, when my boy goes to school, and they ask
him, what does your momma do for a living, he can give an answer.
The Georgia Peach program is testament to the fact that these women
behind and those women who talked to me, and this fine lady over
here who now works for the state senate, people want to take care
of their kids, and they want to take care of themselves, This is a
crazy old world we're living in, and a lot of things happen to
people that we wish didn't happen. But what brings us together
today is the conviction that if we get up tomorrow, we can do
better than we're doing today, and that life is full of potentials,
and that we need to look at these folks on welfare, as potential,
full blown, vibrant, active, constructive American citizens who are
doing a great job raising their kids. And we need them. We do not
have a person to waste in this country. So I say to you that I
hope that in the next 55 days all of you will reflect on this.
Because one of the things that will chart the future of America as
we move toward the 21st century if whether we can do a better job
in making sure that every person lives up to the fullest of their
potential. Every person who's on welfare, and every kid who doesn't
make it in school, is another person who's not out there in a job
making America the strongest power in the world, and helping all
the rest of us to see to our parents in their old age; our children
in their youth; and to our own lives in their full flower. This is
a very important issue for every American. It's time to end the
welfare system as we know it, and lift the people on welfare by
providing more responsibility, and more opportunity. Thank you very
much.
McGroarty/Nix
September 14, 1992
9:00 a.m.
[ga]
PRESIDENTIAL REMARKS: GEORGIA HOMEBUILDERS SITE
JONESBORO, GEORGIA
SEPTEMBER 17, 1992
XX:00 A.M.??
Thank you
for those kind words -- and thanks, all of
you, for this warm welcome. [Acknowledgements.]
[Color, based on site.]
When you're done here, I'd like to pack you up and take you
back to Washington. There's a certain House on the Hill back
there that's in need of a little renovation. // You know Bob
Vila's show: This Old House? Well, there's an old House back in
Washington that hasn't been cleaned out for 38 years. //
Let me tell you why I'm here today cutting in to your coffee
break. Now that the Cold War is over, the defining challenge of
the 90's is to win the peace -- to win the competition of the new
global economy. //
I'll give it to you straight: In the 21st Century, America
must be not only a military superpower, but an economic
superpower -- an export superpower.
In this election, you'll hear two versions of how to do
this: My opponent's answer is to look inward -- to pretend we
can protect what we already have. Ours is to look forward --
open new markets, prepare our people to compete, restore the
social fabric, to save and invest -- so that, when it comes to
the global competition -- America will win. //
2
We need what I offer: An Agenda for American Renewal -- a
strategy that reaches out to the world in a way that makes a
difference right here in Clayton County -- in your neighborhoods,
in your lives.
We must build on the fundamentals of lower tax rates, limits
on government spending, less red tape and regulation -- and more
trade, more competition, to generate the growth that means more
opportunity
more jobs.
And I think that in the 90's, government can add to this
growth program by building opportunity and hope for individuals,
empowering families and communities.
That's the key to long-term growth. But near-term -- right
now -- we all know we've got to do what we can to jumpstart our
economy ... to put American back to work. //
Back in January, more than 8 months ago, I challenged
Congress to pass a new incentive: a $5000 dollar tax credit for
all first-time homebuyers. I proposed that "home credit" for two
reasons: First, because I knew that coming out of troubled
times, housing is traditionally the sector that pulls this
economy forward. I also wanted to help young families, the ones
struggling to save for that first home. Because the American
Dream, after all, really starts right here (gesture to homesite)
-- with a home of your own. //
This year alone, my plan would have meant more than 270,000
new housing starts -- and 120,000 new jobs for carpenters and
plumbers and plasterers. And for the average first-time
3
homebuyer in [Clayton County], that tax credit would have been
the equivalent of [8] months worth of mortgage payments. //
My plan's still sitting / stalled by a liberal leadership
that puts politics ahead of helping people. Why worry about
helping put people into new homes -- and put you back to work? I
guess they figure they've already got their own House -- and
their own Senate, too. 11
I know Rule #1 in this business is: build from the ground
up. Well, given what you've seen in Congress this year -- I
think this is one time you ought to raise the roof. //
The housing business is no different from a hundred other
small businesses in America. I see small business as the engine
of the American economy -- generating jobs and opportunity. My
opponent sees small business as the goose that laid the golden
egg. From a payroll tax for health care / to a training tax / to
$150 billion in new income taxes -- Bill Clinton wants to squeeze
small business to bankroll big government.
//
Well I say: keep your hands off the / housing industry.
America's small businesses need relief -- relief from taxation /
litigation / and over-regulation. //
You know, last month I was in Western Michigan, talking to a
group of small business leaders. I talked to a guy who runs an
asphalt paving company. He said, "Mr. President, government
regulations are killing us." He made the point that when a
regulation doesn't make sense, it's the worker who pays -- with
his job. //
4
Excessive regulation is a huge hidden cost in housing.
The single most expensive item in a home these days isn't the
sheetrock / or the drywall / it isn't all the lumber or even the
land underneath. The single most expensive item in a new home
these days is that piece of paper you stick inside the front
window -- the Building Permit. // All the regulations it
represents add up, on average, to as much as 25 percent of the
cost of every house.
That's why [housing-specific relief/NIMBY?] And it's why
I've put a freeze on all new federal regulation -- to give
businesses like yours a chance to breathe. //
There are some good signs for the housing industry. We've
worked to keep inflation under control -- and the market's gotten
the message. Interest rates today are lower now than any time
since 1973. The Last time a family could get a mortage this low
-- milk was [xx] cents a gallon, or for you younger folks: Nolan
Ryan was a rookie. //
Let me tell you what lower interest rates mean to the
American worker, the American family: Lower interest rates mean
real money -- real savings for every American who buys a home
for every family that refinances its mortgage. It means money in
your pocket -- on average, as much as $2000 dollars a year --
that instead of paying to the bank, you can put in the bank.
Nationwide, that's like a $30 billion dollar tax cut for
America's homeowners.
//
)
5
Now that's good news, but I'm not satisfied with good news
when we could have even better. / Some studies show that three-
quarters of all renters are ready to become buyers -- if they
could muster up that down payment. // If Congress had passed my
plan when I asked them to -- if Congress had acted to help first-
time homebuyers -- you'd see [half a million] more "Sold" signs
on front lawns all across America. //
And workers in the home-building area wouldn't be worried
about pink slips -- they'd be too busy working overtime. //
So today, let me make a suggestion: Come November 3rd, you
can send me a Congress I can work with. //
And if you say: Give me one good reason you'll get Congress
to act -- I'll give you 150. That's the number of new faces
we'll see next year in the Congress. Now -- I'll be candid. I
want every last one of them to be Republican. / But whatever
party they come from -- even if they were first elected before
some of you were born -- they'll come back with a new
a mandate
appreciation for what you want: a complete set of instructions
from the American people that it's time for Congress to change.
And when that new Congress comes to town -- I'll be ready.
Ready to act
...
ready to do the will of the American people.
Ready to move on my Agenda for American Renewal -- an agenda that
builds the stronger, more secure America want for ourselve -- for
our kids. 11
Thank you once again for this warm welcome -- and may God
bless the United States of America.
nix
September 11, 1992
MEMORANDUM
TO:
KATHY SUPER
JOHN KELLER
STEVE PROVOST
FROM:
GARY FOSTER G7
SUBJECT: SITE SURVEY FOR ATLANTA, GEORGIA
Attached is the site survey for the President's trip to Atlanta,
Georgia on Thursday, September 17. Once Kathy has the site
"scrubbed", implementation can begin.
cc: Bob Zoellick
David Bates
Dennis Ross
Margaret Tutwiler
Tim McBride
Karen Groomes
Andrew Carpendale
Speechwriters
September 10, 1992
MEMORANDUM TO:
GARY FOSTER
FROM:
DOUG DUVALL
SUBJECT:
SURVEY REPORT FOR JONESBORO, GEORGIA
THURSDAY, SEPTEMBER 17, 1992
EVENT SCENARIO:
on the afternoon of September 17th, the President will travel
from Enid, Oklahoma to Atlanta's Hartsfield Airport. The President
will motorcade 20 minutes to a housing development in Jonesboro,
Georgia where he will address a crowd of approximately 3,000.
The President will be able to draw from his major speech in
Detroit by highlighting his proposals to stimulate economic growth.
In particular, the $5,000 tax credit for first time home buyers is
a short term stimulus to get the housing industry and the entire
economy moving. The housing industry has traditionally been a
leader providing jobs quickly for an economic recovery. The tax
credit, coupled with tax free IRA withdraws for first time home
buyers, define the difference between the President's and Clinton's
agendas.
After the event, the President will motorcade to a downtown
hotel. He will attend a fundraiser and attend the U.S. Olympic
Flag Jam in the Georgia Dome later that evening.
SITE PROPOSAL:
The Bush Quayle organization strongly recommended we have the
event in Clayton County which is 51% Republican. The proposed site
is in Jonesboro which has a higher Republican concentration.
Fayette, the neighboring county, is the highest percentage
Republican county in the state.
Given the nature of the event it is essential that the
President speak in front of a low to moderately priced home under
construction. The site is located in a development called the
Avery of Walnut Creek. Avery's residents are lower to middle
income with the majority of homes ranging from $70,000 - $75,000.
Most of the people who are buying are first time home buyers (some
with children) and "empty nesters", retired couples who are
downsizing their homes.
The problem I encountered when conducting the site survey was
finding houses of that price range currently under construction.
Many first time home buyers in the metro Atlanta area are buying
$150, 000+ homes. This says something positive about the economy but
does not give of the proper image nationally.
Construction at the Avery site began two years ago, and
approximately 75% of the lots have homes. Gerry Kopp, the
developer of Avery and Clayton County GOP Chair, says the biggest
problem people have in buying these homes is the down payment. The
house proposed as a backdrop for the event is located at 1270
Larkwood Drive. The house is framed with 2 X 4's and the plywood
has already been covered with roofing paper. Mr. Kopp says he can
speed up or slow down construction depending on the desired look we
want.
There is a vacant lot on both sides of the house but completed
homes beyond that. A retired Colonel and his wife live in the
occupied home next door and a CPA (African-American) and his family
live next to them. Across the street are vacant, dirt lots. Mr.
Kopp says he can level off the dirt with a bulldozer for the
standing crowd. Mr. Kopp is also willing to put a bulldozer, dump
truck, 2 X 4's on site for a more industrial atmosphere. The site
also overlooks the finished and occupied 2-3 bedroom homes of
Avery.
I propose the motorcade drive northeast on Larkwood Drive and
stop just prior to the home. tented area could be created for an
no
The President would then proceed to a small dais
off to the side of the house. The audience would fill the vacant
lot next door, the north half of Larkwood Drive and the vacant lots
across the street. The press platform could be at a head-on
position on Larkwood Drive. The cutaway would either be of the
onlooking crowd or the finished home next door. A crowd of 2,000 -
3,000 will look quite full, especially since the area across the
street scales upward, like an ampitheatre.
There are some security concerns considering the event will be
held in a neighborhood. The positioning of the bulldozer, dump
truck, wood, etc. should block the view of the neighbors to the
rear of the lot. There is also a 100 yd. strip of woods that has
a line of site, but only the tops of the trees are visible.
It should also be noted that Gov. Clinton was in Clayton
County on Wednesday, September 9th talking about welfare reform.
The President can use this housing event to highlight the
differences in the campaigns by stressing that we want to get
people off of government dependency and allow everyone an
opportunity to achieve the American Dream. Further, our
administration seeks to empower public housing residents by
allowing them a chance to manage and eventually own their homes.
Finally, the Democratic Congress did not fully fund the President's
HOPE (Homeownership and Opportunity for People Everywhere)
proposal, once again hampering the Administration's ability to get
his agenda to the people.
CONTACTS:
Lindey Fitzgerald, Georgia Bush-Quayle, 404/261-1992
Gerry Kopp, Developer of the Avery and clayton County GOP
404/471-1533
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Bush/Quayle '92 - Georgia
3240 Peachtree Road
Atlanta, GA 30305
FAX COVER
Date: Sept 14
Number of pages including cover: 5
To:
Name
Michele Nix
Fax Number
202-456-6218
From: Name
Linday Fitzgerd
Bush/Quare '92 - Georgia
Fax Number
1-(404)-841-9720
Phone Number.. 1-(404)-261-1992
Comments:
Model home at Site will
be The - pg. 2
Remember
Vote
Bush/Quayle
November 3!
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