    [Public Papers of the Presidents of the United States: George W. Bush (2008, Book II)]
    [July 29, 2008]
    [Pages 1060-1065]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Remarks at Lincoln Electric Company in Euclid, Ohio
    July 29, 2008

        Thank you all. George D.--
    [laughter]--introduces George W.--[laughter]--at Lincoln Welding.
    Thanks. I'm proud to be here with ``the welding experts.''
        I'm--I want to talk a little bit about our economy and the
    importance of energy, but before I do so, I do want to thank you all for
    your hospitality. I want to thank the workers here for their hard work.
    This is a productive site. This is a site that proves with good
    investment and good education and a company that treats its workers
    well, that America can compete with anybody, anytime, anywhere. That's
    what this country--[applause].
        I appreciate Mayor Cervenik for being here
    from Euclid. Thanks for coming, Mr. Mayor; I appreciate you coming. I
    oftentimes say you have a tougher job than I do; you have to fill the
    potholes. [Laughter] But I appreciate you coming.
        Two Members of the United States Congress, Steve
    LaTourette and Pat Tiberi, right here from the State of Ohio, have joined us.
    Thank you all for coming; proud you're here.
        Laura sends her best--mother of the
    bride and a great First Lady. I'm sorry
    John is not with us; he is in Colombia.
    Isn't that interesting? He's in Colombia trying to make sure that
    Lincoln Welding can sell more products down there. One of the issues
    that in a time of economic uncertainty--and these are uncertain times,
    no question about it. They're uncertain because you're paying high
    prices at the gas pump. They're uncertain because you're reading the
    newspapers about the housing issue. They're uncertain times.
        And during uncertain times, we ought to be playing to our strengths
    and implementing good, commonsense policy. Well, one of our strengths is
    right here in this company. You're good at making a product that people
    want. People want it here in the United States of America, and when
    people are introduced to it around the world, they want it as well.
        So John is down there trying to get new
    business. The problem is that our Government policy relative to a
    country like Colombia is backwards. I don't know if you know this or
    not, but most of the goods produced in Colombia come to our country duty
    free. The United States Congress, as a result of what is called the
    Andean Trade Preference Act, has passed law that said they can sell into
    our markets, which, frankly, is good for our consumers. The more product
    you get to choose from, the better off you are. On the other hand,
    products going into Colombia from the

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    United States face a duty, a tariff, a tax. In other words, the products
    made in the United States going into that market cost more because of
    taxes imposed by the Colombian Government.
        I think it makes sense for the United States Congress to level the
    playing field, to say, we treat you one way; you treat us another way.
    So we've negotiated a treaty that said with Colombia, all we want to do
    is be treated fairly in the United States of America. We don't want
    anything special. We don't think you ought to go overboard, just treat
    us the way we treat you. Most of your products come in duty free. We
    want our products, like those manufactured right here in Euclid, Ohio,
    going into that Colombia market without a special tax on it.
        And Congress needs to pass that trade bill. It would be good for
    workers right here in this plant and good for workers all across
    America. This Government ought to be working to make it easier for you
    to sell products. Because if you sell a product, you got people working
    here in steady jobs.
        But I really want to talk to you about energy. I understand what it
    means to our families and our small businesses and people right here in
    this room to be paying high energy prices, high gasoline prices, like a
    tax. I've worked hard to keep your taxes low. Our energy policy hasn't
    done a very good job of keeping your gasoline prices low, and therefore,
    it's like paying a tax. My whole philosophy of government, by the way,
    is, yes, we've obviously got some needs in Washington, DC. The primary
    one is to make sure those who wear the uniform have the full support of
    the Government of the United States of America.
        But I think it makes sense for government to trust you with your
    money. See, I'd rather have you spending your money than the Government
    spending your money. I trust--[applause]. I'd rather you figuring out
    what's best for your families rather than us telling you what's best for
    your families. And so therefore, I really have worked hard to keep your
    taxes low at the Federal level. I can't help it at the State level or
    local level, but I can help you at the Federal level. The problem is,
    gasoline prices have negated a lot of those tax cuts. And so it's--our
    economy is facing uncertainty. And I want to talk to you about what we
    could do about high energy prices.
        First, let me tell you: There's no such thing as a quick fix.
    Somebody said, ``What are you going to do about gasoline prices?'' I
    said, ``If I had the magic wand, I'd wave it.'' It took us a while to
    get to this position, and it's going to take us a while to get out of
    it.
        First thing, obviously, that can make a difference is conservation.
    What's interesting, however, is that people are plenty wise about how to
    conserve. You're making the choices about whether you want to drive a
    little extra more or not drive extra more. It's the collective wisdom,
    again, of the American people that really do set the best conservation
    measures.
        But the Government can help by working on higher fuel efficiency
    standards for automobiles, for example, so that as time goes on,
    automobiles will have better fuel efficiency. You'll get more gallons--
    miles per gallon than you normally would.
        It's interesting to note that many of our consumers, however, have
    already made the decision to switch away from the automobiles, like
    SUVs, that consume a lot of gasoline to smaller cars. Why? Because
    you're smart. You know how to handle your own business. So conservation
    helps, and the Government can help promote good conservation.
        The reason why your gasoline prices are high is because the demand
    for oil is greater than the supply of oil. The worldwide demand for oil
    has increased faster than the supplies of oil. Why? Well, one reason why
    is because there's some new emerging economies. China, for example,
    billions of people; more and more people are being

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    able to afford cars. So the demand for crude oil is going up. Same in
    India. I don't know if you know this or not, but there's 350 million
    people in India who are middle class citizens. That's more than all
    America total. So these economies are beginning to grow, and there's
    more demand.
        The feedstock for gasoline is oil. So when you hear ``my gasoline
    prices are going up,'' you got to understand the main reason why is
    because oil prices are going up. And the reason why--again, I want to
    repeat to you--is that the global demand for oil is growing faster than
    the global supply for oil. So it seems like we ought to be figuring out
    how to find more oil here in the United States, if we're worried about--
    [applause]. If we're worried about your gasoline price and recognize
    that it's high because of the price of crude oil, and it's possible to
    find more oil right here in the United States so we're not shipping our
    money overseas, doesn't it make sense to try to find that oil? I think
    it does. And here are some places where we can.
        One place where there is a--the experts say is a bountiful supply of
    oil, perhaps as much as 10 years worth at current consumption rates, is
    in the Outer Continental Shelf. That would be offshore America. One
    interesting fact that I want you to think about is how technology has
    changed, how we can find oil and gas in environmentally friendly ways.
    Of all people who know that, it's you. That's part of your business, is
    to make products that make it easier to move oil and gas from remote
    parts of the world under challenging conditions to markets in an
    environmentally friendly way. That's what you do. And by the way, you do
    a really good job of it.
        The American people must understand that new technologies make it
    easier to protect coral reefs, for example, when we drill offshore, that
    new technologies enable us to explore for oil and gas in ways that was
    not possible 20 years ago. You can have one platform and directionally
    drill from that platform. So I signed an Executive order that said, why
    don't we explore for oil and gas offshore. If we've got a problem with
    not having enough oil, let's go after some oil right here in the United
    States of America in environmentally friendly ways.
        There was an Executive order blocking that; I signed an Executive
    order that unblocked it. Now it's up to the United States Congress to
    make a decision as to whether or not you're going to continue to face
    high gasoline prices at the pump or whether or not the United States
    ought to send a clear signal to the world: We're tired of being
    dependent on oil from overseas. Let's find it right here in the United
    States of America.
        I wish people could see the products you make here. What's
    interesting is that not only would we send a clear signal that we're
    going to do our part of increasing supply, but there's also a direct
    correlation between investment and jobs. How do I know? I just saw a
    welding machine--actually, I was the guy that punched the button--
    [laughter]--on the welding machine that is making state-of-the-art
    pipeline equipment to be able to move natural gas to market. The more
    active we are here in the United States to find our own oil reserves,
    the more business companies like yours will get.
        So now there's a double--there's a dividend: more oil here in the
    United States, which takes pressure off gasoline prices and continuing
    good jobs in companies like Lincoln Electric.
        There are other things we can be doing as well. There's a lot of oil
    shale in the western part of the--our country, a lot. And there's new
    technologies that are now emerging that will make that oil shale,
    hopefully, become productive for increased crude oil here. And yet those
    lands have been taken off the exploration potential by U.S. law;
    Congress needs to change it.
        We got an energy problem here. It's not the lack of energy; it's
    because there's laws

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    that prohibit us from finding that energy or getting that energy. In
    Alaska, in a very small part of that grand State, is the potential to
    find a lot of oil and gas. And we can do it in a way that does not
    damage the caribou herds or the tundra. And yet the Congress refuses to
    allow for there to be exploration in this part of the world. And they
    need to change the law. If they're really concerned about the gasoline
    prices you're paying, they need to change the law.
        Do you know that we have not built a new refinery in the United
    States of America since the early 1970s? Do you also know that we get a
    lot of our refined product, gasoline, from overseas? It doesn't make
    sense to me for the Congress not to allow for refineries to be built on
    abandoned military bases and to make it easier to build those refineries
    without a bunch of unnecessary regulations so we can get more gasoline
    into the market so as to take pressure off price.
        So here's some commonsense solutions to the problem you're facing.
    People say, ``Well, it's not going to instantly change the problem.''
    You're right, it's not. There's no magic wand. But it will certainly
    send a clear signal to the markets that the United States is no longer
    going to sit on the sideline, that we're going to use our new
    technologies to find hydrocarbons right here in the continental United
    States. And guess who's going to make the products to help move that
    product to market? You are. And you're going to be better off for it,
    and so is the United States of America.
        I believe we're in a transition period from an era of hydrocarbons
    to new technologies. And the question is, how painful will it be for the
    American consumer?
        But make no mistake about it, we are headed for a new era. The
    United States of America needs to understand that if we truly are
    concerned about the environment and want to make sure we continue to
    grow our economy, we've got to expand nuclear power. And guess who makes
    a lot of the products that go into nuclear power plants? You do. So when
    you hear me talking about making sure that we have electricity at
    reasonable price, just keep in mind that there are technologies
    available that make it easy for me to say I am confident nuclear power
    is safe, because I understand that the products that go into a nuclear
    power plant are made by some of the finest welders in the United States
    of America.
        There's a lot of wind--they ought to have the biggest turbine farm
    in Washington, DC, where there's not only a lot of wind, there's a lot
    of hot air. [Laughter]
        Part of the mix has got to be solar and wind power--part of the mix.
    But you hear somebody say, ``Oh man, all we need is a bunch of windmills
    to make us run our economy''; they just don't understand the complexity
    of the American economy. But we can use wind power effectively. And you
    know the new technologies that have gone into wind turbines. You're
    actually making some here in Lincoln.
        And then there's going to be different ways--and coal, by the way.
    We got about, I don't know, 250, 300 years worth of coal. Seems like to
    me we ought to be figuring out how to use it and be--protect our
    economy. That's why I'm a big supporter of clean coal technologies.
        I believe you're going to be using batteries in your automobiles
    here within a reasonable period of time. And your automobile is not
    going to have to look like a golf cart. [Laughter] Battery technology is
    coming on line. That'll make it easier for us to say we're doing our
    part to conserve, that we're not using as much oil that we--as we used
    to.
        I'm a big believer in having our farmers grow crops that can be
    converted into fuel. And I'd rather be paying U.S. farmers for fuel than
    people overseas for our fuel. So that's why I'm a big believer in
    ethanol. I also understand the strain that's putting on our chicken
    raisers and hog raisers; the strain that--being the price of corn. And
    therefore, we're spending a lot of your

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    money--I think it's well spent--to find cellulosic ethanol
    possibilities. That means wood--that's a fancy word for wood chips or
    switchgrasses--all aiming--my point to you is, is that we're heading
    into a new era.
        There's not a single solution to make us less dependent on oil.
    There are a lot of solutions. And I fully believe that when my
    grandchildren are driving cars--and by the way, we've taken one step in
    that direction, called marriage--[laughter]--that there will be a whole
    different energy mix. The Government spends billions of dollars to
    encourage research and development toward that end. The private sector
    is spending billions of dollars toward research to that end.
        But I'm here to talk about the meantime, the interim, the right now.
    And if the United States of America cares about how much gasoline--the
    price of gasoline, then we better get after finding some supplies of oil
    and gas. And here are three practical ways to do so, and I'm calling on
    the Democrat leadership in the United States Congress to pass good
    legislation on behalf of the consumers of the United States of America.
        And so that's why I've come. It's also to thank you. I appreciate
    your patriotism; I appreciate your hard work; I appreciate you taking
    care of your families.
        And now I'd like to answer some questions, if you have any. After
    7\1/2\ years, if I can't figure out how to dodge them, I shouldn't--
    [laughter]. If you don't have any questions, I can tell you a lot of
    interesting stories. [Laughter]
        Okay, I'll tell you a story. I was in Bucharest, Romania. There were
    200 and--about 200,000-plus people there in a town square that had come
    to hear the President of the United States say these words: ``An attack
    on one is an attack on all.'' That happens to be Article 5 of the NATO
    Treaty. This country had emerged from communism, had been admitted into
    NATO, and they were anxious to see the President basically say, ``We're
    allies and we'll protect each other from harm.''
        This is a square that was a pretty dimly lit square because it was
    raining. But there was one balcony that was lit very brightly, and so I
    asked the guy walking out there, I said, ``What's that balcony?'' He
    said, ``That's the balcony where the tyrant Ceausescu had given his last
    speech.'' And he and he wife were awful people; they were true tyrants.
    And it was lit because people always want to remember the difference
    between freedom and tyranny. So it's kind of a memorial to that last
    speech.
        President Iliescu introduced me; I walk up
    to the podium, and a full rainbow appears. I'm talking full-spectrum
    rainbow. And it was a startling moment, so I turned back to Laura, who was sitting behind me there, and I said, ``Look at
    that.'' Of course, 200,000 heads whip around to look at it too. I was so
    amazed that my opening comment of the speech--I ad-libbed--was, ``God is
    smiling on Bucharest,'' because the rainbow ended exactly behind the
    balcony where the tyrant had given his last speech.
        Now, you can look at that any way you want to look at it. I'll tell
    you how I looked at it. I looked at it as a sign that freedom is
    beautiful, that freedom brings peace, that freedom is not ours alone,
    that freedom is universal.
        And it's in the interest of the world and the interest of the United
    States of America to fight and try to alleviate the tyranny of disease.
    And that's why tomorrow I'm going to sign a bill that commits the United
    States to dealing with HIV/AIDS on the continent of Africa and dealing
    with malaria. There's nothing more hopeless than somebody seeing their
    baby die because of a mosquito bite.
        The tyranny of government--if you believe in the universality of
    freedom like I do, then you shouldn't be surprised that when given a
    chance, people from all walks of life will do the hard work necessary to
    live in a free society.

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        We're in an ideological conflict today between people who use murder
    as a weapon to impose their ideology versus those of us who believe in
    human rights and human dignity and the right for anybody to worship any
    way they see fit. And the way to defeat an ideology of hate is with an
    ideology of hope. And there's no more hopeful ideology than one that's
    based upon liberty.
        We're a blessed nation because we're a free nation. We're a blessed
    nation because we're a nation that understands there are
    responsibilities in this world. So I saw that rainbow, and I said, I'm
    the fortunate--most fortunate man to be the President of this fabulous
    country. And to the best of my ability, I will protect us from harm, and
    the long way to do so is to help others realize the blessings of living
    under liberty.
        It's a huge honor to be here with you today. It's a huge honor to
    represent our country. May God bless you, and may God continue to bless
    the United States of America.

    Note: The President spoke at 3:46 p.m. In his remarks, he referred to
    George D. Blankenship, vice president, Cleveland operations, Lincoln
    Electric Company; Mayor Bill Cervenik of Euclid, OH; Rep. John A.
    Boehner; and former President Ion Iliescu of Romania. The Office of the
    Press Secretary also released a Spanish language transcript of these
    remarks.