Meanwhile, this week, President Clinton’s Council of Economic Advisors released a report showing that the economic picture is actually better than Americans believe, that the effects of downsizing have been overstated. The report presents Clinton with a dilemma: should his campaign focus on this rosy news or appeal to voters real concerns about the economy? JOSEPH STIGLITZ, Chairman of the Council of Economic Advisors. AFL-CIO’S ELECTION STRATEGY. Pacifica National Affairs Correspondent Larry Bensky caught up with Steve Rosenthal, the Political Director of the AFL-CIO to talk about the labor federation’s big plans in the 1996 elections.