OTHER NEWS - Nov. 18, 1992

Clinton Plan May Help California’s Economy: Only a vigorous national recovery--with annual growth of 4% to 5%--will pull California out of its persistent economic slump, according to the Center for Continuing Study of the California Economy. “In the short term, all other issues (e.g., workers’ compensation, regulation, infrastructure investment) are secondary in magnitude to having a strong national recovery,” says the report by economists Stephen Levy and Robert K. Arnold. Fortunately, the report adds, several elements of President-elect Bill Clinton’s economic proposals would meet the state’s greatest needs: reducing the federal deficit, promoting technological competitiveness, aiding displaced workers and disrupted communities, boosting training and fixing infrastructure.