SUBJECT: CEO's Press Release 400 CEO's ENDORSE BILL CLINTON FOR PRESIDENT: CALL FOR AN END TO TRICKLE DOWN ECONOMICS Chicago, IL -- The People First economic plan of Governor Bill Clinton continues to gain wide support in the business community as over 400 CEO's representing major corporations, regional companies and entrepreneurs endorsed the Governor's presidential bid. "The trickle-down theories of the last twelve years have given this country the worst economic growth since the Great Depression," said Clinton. "I welcome today's business endorsement as yet another signal that this country desperately wants new economic leadership to restore job creation, reduce the deficit and make America great again." The Clinton-Gore plan of "Putting People First," has previously been endorsed by eight Nobel Prize winning economists. The plan calls for $500 billion in new investment over four years, creates millions of jobs and cuts the federal deficit in half. "I have had a personal relationship with Bill Clinton since his first term as Governor and our business has enjoyed an outstanding economic climate in Arkansas with his leadership," said Truman Arnold, founder of The Arnold Companies (TAC), the largest petroleum marketer in the state of Arkansas. "Bill Clinton will make an outstanding president and I highly recommend him to any business large or small." Also, last week in San Jose, California, 30 Presidents and CEOs of some of the nation's leading high-technology companies rejected the failed economic policies of the last twelve years and endorsed the Clinton-Gore ticket. "I am supporting Bill Clinton for President because he will put our government back on track," said California developer Kathryn Thompson. "Bill Clinton knows only an economically strong America can preserve world peace and promote expanding markets. Bill Clinton can see past the moment and therefore is the most qualified in shaping history in America's best interest." In a statement by TIME magazine released on Sunday, a panel of leading economists and marketplace experts convened by TIME to assess the economic programs of President Bush and Bill Clinton, "judged Clinton's plan more aggressive in putting forth long-term solutions underlying the economic problems troubling the U.S." "The Clinton-Gore plan is an investment in people, in plant and in equipment, the elements that generate private sector investment and participation in national economic recovery," said Delano Lewis, president and CEO of C&P Telephone. "For business people who want to provide employment opportunities, this plan makes absolute sense." "As a Republican who has voted for every GOP presidential candidate since Eisenhower in 1952, it has been an eye-opening experience to find that a Democratic governor from Arkansas has a far better understanding of what America needs than does an incumbent Republican Administration," said Western Digital Chairman Roger Johnson. -30-30-30-