[Weekly Compilation of Presidential Documents Volume 29, Number 46 (Monday, November 22, 1993)]
[Pages 2353-2355]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
The President's Radio Address

 November 13, 1993

    Good morning. This week, Americans celebrated Veterans Day, the day 
we set aside to thank those who served, kept us secure, and helped 
preserve the freedoms each of us cherish.
    On Thursday, after paying my respects to the veterans at Arlington 
Cemetery, I met with two groups of patriots who span the generations: 
some of the remaining veterans of World War I and active duty personnel 
who served with such distinction in Somalia. These brave Americans are 
linked across the years to each other and to history by the valor with 
which they served our Nation. None of

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them shrunk from danger or challenge. In troubled times, they reached 
beyond our borders to protect our interests.
    And as the world undergoes the most profound changes in the last 50 
years, today we can draw a very powerful lesson from their courage and 
their vision. Just as we never protected our country by shrinking from a 
military threat, we cannot protect our prosperity by shrinking from our 
economic challenges.
    Since I became President, our administration has been dedicated to 
restoring the American economy, to making work pay for all Americans 
again, to creating the conditions that will allow our private sector to 
create more jobs and higher incomes and more opportunity for everyone.
    This economic program is beginning to work. We've lowered the 
deficit, kept inflation down, pushed interest rates down to record lows. 
Millions of Americans have refinanced their homes and businesses. And 
even though we still don't have as many jobs as we'd like, the private 
sector has produced more jobs in the last 10 months than in the previous 
4 years.
    Ultimately, however, the only way a wealthy nation can grow and 
create jobs and lift incomes is to lower trade barriers and expand trade 
in a growing global economy. There simply is no other way that any rich 
country in the world can create jobs and raise incomes than to find 
other customers for their goods and services. America is no exception. 
We have a chance to do this in a few days when Congress considers the 
trade agreement called NAFTA.
    The North American Free Trade Agreement will lower Mexico's barriers 
to American exports. When these barriers come down, we'll sell another 
55,000 more American-made cars in Mexico next year alone. We'll sell 
hundreds of thousands more computers and create 200,000 new high-paying 
jobs in the next 2 years. NAFTA is a real good deal for America. And if 
we don't open up Mexico for our products, you can be sure that the 
Europeans and the Japanese will open up Mexico for theirs.
    You see, if NAFTA passes, we'll have a competitive advantage over 
the Japanese and the Europeans in the Mexican market. If it fails, and 
Japan or Europe takes up the challenge that we walked away from, then 
they'll have an advantage over us.
    Why then do some of our fellow citizens fear NAFTA so much? Because 
in the last 20 years their world has changed a lot and often not for the 
better. Technology can now go anywhere in the world. Money and 
information travel the globe in a millisecond. Skills we once had alone, 
others now share.
    This new global economy has created an awful lot of opportunity, but 
it's also created a lot of hardship. We have to do many things to 
adjust. We're working now to devise a completely new system to replace 
our outdated unemployment system called reemployment. So that anyone who 
loses a job, for whatever reason, will immediately receive the education 
and training and job placement help they need. We passed the family 
leave law so that you can't lose your job when you take some time off 
for a newborn baby or a sick parent; so that people can be good workers 
and good family members at the same time. We've got to have health care 
reform, and we've presented a plan that will provide, for the first time 
in our history, health care security to all Americans, even if they lose 
their jobs. And we're determined to fight crime with more police on the 
beat, more boot camps for youthful offenders, more jail cells for people 
who need that, too. That's what the crime bill, now moving through the 
Congress, will do.
    So in education, in health care, in family leave, in crime, we're 
working hard to give the American people the security all of us need to 
face the changes we confront. But we cannot make the world the way it 
was. We simply cannot protect our workers, their jobs, and their incomes 
from the winds of global competition by trying to build walls. The only 
way to provide economic security and expanded opportunity for the middle 
class in this country is to take this new world head on, to compete and 
to win. And we can win. The American worker is now the most productive 
worker in the world again. We can out-compete and out-perform anyone 
anywhere. We will be number one again for a long time if we reach out to 
the world to compete. That's why American workers have nothing to fear 
from NAFTA and why Amer- 

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ican workers should be very concerned if we vote NAFTA down, walk away 
from Mexico and the rest of Latin America and the opportunities they 
present.
    The day after Congress votes on NAFTA, I'm going to Seattle to meet 
with the leaders from Asian countries, including China and Japan, to ask 
them to open up their markets to our products, too. By the end of this 
year I'm going to try very hard to conclude an even bigger worldwide 
trade agreement that will bring down trade barriers to our products in 
Europe and the world over. Together with other nations, we can literally 
reignite growth in the world's economy and create millions of new jobs 
and export opportunities for all Americans. But we must begin this week 
by passing NAFTA. NAFTA is not only a trade agreement with Mexico, it 
has become a symbol of our commitment to growth and to trade throughout 
the world. And believe me, whichever way the Congress votes, it will 
send a signal to every nation in the world about our intentions. Are we 
going to maintain our lead in the global economy and push others to open 
their markets to our products and services and to everyone else's, or 
are we going to retreat into a shell of protectionism?
    If we pass NAFTA, it can put us at the center of the largest trading 
bloc in the world with Canada and Mexico, one that will quickly grow 
larger as we bring in the rest of Latin America. If we don't, we'll be 
stuck while someone else takes advantage of the opportunity. You know, 
this vote will tell us a lot about who we are as Americans in 1993. 
Great nations are defined not by how they act when the rules are clear 
and the future is set and the times are easy but by the choices they 
make during periods of great change when the future is not clear, the 
times are tough, and people have to forge their own future.
    This is a defining moment for America. Will we seize the moment? 
Will we vote for hope over fear? The history of America's greatness says 
we will, for we've always triumphed when our Nation has engaged the 
world and great challenges it offers. By passing NAFTA, Congress can 
demonstrate that we intend to compete and win in a thriving global 
economy. We took the lead in creating it, now we have to make it again 
for the 21st century. We can build a future we'll be proud to leave our 
children, and the future begins on Wednesday with a positive vote for 
the North American Free Trade Agreement.
    Thanks for listening.

Note: The address was recorded at approximately 3:40 p.m. on November 12 
in the Oval Office at the White House for broadcast at 10:06 a.m. on 
November 13.