    [Weekly Compilation of Presidential Documents Volume 37, Number 44 (Monday, November 5, 2001)]
    [Pages 1576-1579]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Remarks to the National Association of Manufacturers

    October 31, 2001

        Thank you all. Welcome. Nice to see everybody. Thank you very much.
    I've just finished icing down my arm. [Laughter]
        Today there's some news out on our economy, and it confirms that the
    events of September the 11th really shocked the Nation. It affected our
    workforce and affected our business base. The gross domestic product for
    the third quarter was negative.
        People are having tough times in America. People are losing their
    jobs. And I'm deeply concerned about that, and I know you are, as well.
    Consumer confidence is down. After all, we're at war, and for the first
    time in our Nation's history, part of the battlefront is here at home.
        Shipments, particularly in the manufacturing sector, declined
    dramatically in recent months. And it's time for our Government to act
    in a positive and constructive way. The Congress needs to pass a
    stimulus package and get it to my desk before the end of November.
        I had breakfast today with the Speaker and Minority Leader, Majority
    Leader Daschle and Senator Lott. All five of us agreed that we need to
    work together to get a package, that we've got to put aside political
    differences and act swiftly and strongly on behalf of the American
    worker and the American business person. And so my call to Congress is:
    Get to work, and get something done. The American people expect us to do
    just that.
        I want to thank Paul O'Neill for being here. He is leading the
    charge on Capitol Hill for a commonsense economic stimulus package. He
    brings a lot of experience to the job. After all, he was a manufacturer
    at one time. He knows the struggles that you go through. And like me, he
    hurts with the workers who aren't finding work these days. And I
    appreciate Christie Todd being here, as well. One of the smartest things
    I've done is to tap some of my former Governor colleagues and ask them
    to come to the Government. I tapped a great one when I tapped Christie
    Todd Whitman. She brings a lot of sense and a good view of our
    environmental policy. And the American people are proud of the job she's
    doing, and so am I. Thank you for both being here.
        I also want to thank Tim very much for his friendship and his
    introduction. I didn't realize you were quite so eloquent. [Laughter]
    You must be taking speech lessons. [Laughter] I want to thank Don
    Wainwright as well and, of course, Jerry Jasinowski for his friendship
    and support.
        I--the American people know that we have acted quickly in terms of
    this attack that has taken place, and we've done so on the domestic
    front in quick order. Both Republicans and Democrats decided to spend a
    considerable sum of money to address the country's needs.
        We've allocated $55 billion, and it didn't take long to spend it, I
    might add. A big chunk of that is going to go to make sure we defend our
    country, make sure our Defense Department is bolstered during this war.
    A significant amount of money went to help New York City recover as it
    should. We want New York City to be on her feet. It's

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    an important symbol for the world that New York City be strong and
    vibrant.
        We spent a considerable amount of money for airplane security. My
    attitude was that the most directly affected industry was the airline
    industry, and therefore, we had to spend money to make sure the airlines
    survived and make sure there was loan money and make sure that the
    consumer realized that the Government was acting in a positive way to
    bring security to our airports. And the first act we took was to empower
    Governors to say, bring your guard to the gates; put troops so that
    people will see a visible presence. And we started to increase the air
    marshals. And Congress is now working on an airport security bill, and I
    hope I am able to sign that pretty quickly, too.
        But we are taking action. And we need to spend money on helping
    workers who were--lost their job as a result of the attack of September
    the 11th. I believe we need to expend--extend and expand the
    unemployment benefits to those workers. And I know we need to expand
    what they call national emergency grants, which will give Governors the
    latitude to take Federal monies and apply that money to workers'--
    special workers' needs, such as health care benefits, to make sure that
    any laid-off worker can have--be able to pay the premiums of their
    health care plans.
        And so there will be--there's more need. But I caution the Congress
    not to overspend. The temptation is to fund everybody's good idea. And
    my attitude is that our money ought to be focused and effective--the
    spending ought to be focused. And we ought to ask the question, is this
    effective spending? We need to make sure that when we spend there's a
    strategy and a reason.
        And so I look forward to working with the appropriators to be
    responsible about how we spend taxpayers' money, particularly as we run
    up to what I hope is a recess around the Thanksgiving period. And we
    also ought to make sure that we offset any spending with tax relief,
    that the way to have a balanced stimulus package is to recognize we've
    spent a considerable amount of money up to date, and we need to spend
    some more for our workers, but we ought to offset that with tax relief.
    And I have laid out some ideas for Congress to consider.
        One the one hand, we've got to make sure that we bolster consumer
    demand by both accelerating the tax cuts that now exist as well as
    providing rebates for non-taxpayers, but who filed. In other words,
    there are some people who didn't get rebates last year--generally low-
    income people--that filed an income tax return, but they didn't pay tax,
    and they ought to get a rebate. And Congress ought to act as quickly as
    possible to get that money into people's hands as quickly as possible to
    bolster demand.
        And then we've got to make sure our tax relief encourages
    investment, encourages the flow of capital. And therefore, I think we
    need to reform the alternative minimum tax on corporate America so
    corporate America doesn't have to get penalized during times of
    declining earnings--that doesn't make any sense to do that--as well as
    encourage investment in new plant and equipment.
        The House has passed some elements of that plan, and the Senate
    needs to act. And any differences we can work out in conference. But
    time is of the essence. As I mentioned, the leadership is prepared to
    spend the time necessary to get a good package out, and I'm grateful for
    that. And I hope the bill writers get moving. That's what the American
    people expect.
        I also want the Congress to know that there is more to helping our
    economy grow than just tax relief or just spending. And there's two
    items I want to briefly touch on. One is an energy plan. Our Nation
    needs an energy plan, an energy plan that encourages conservation and
    encourages exploration, and I believe we can do both in a responsible
    way.
        And we need to modernize the infrastructure that develops energy
    from point A to point B, from plant to consumer. We need to get after
    it. It is in our national interest that we have an energy plan, one
    designed to make us less reliant upon foreign sources of energy.
        And as Tim mentioned, I need to have what's called trade promotion
    authority. I need to be able to negotiate trade agreements with nations
    who want to trade with America. The Congress can vote the trade

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    agreement down if they don't like it. But we need to be aggressive when
    it comes to opening up markets and taking advantage of opportunities
    around the world.
        This Nation should not stand on the sidelines when it comes to free
    trade. We must be confident. People who build walls around America
    aren't confident in America. They're not confident in American workers;
    they're not confident in American businesses. I'm confident in America's
    ability to compete. I want to tear walls down. I want to make it easier
    for the world to trade in freedom. I think it's good for American
    workers that we trade. I think it's good for American business that we
    trade. And I know it's good for the spread of American values if we
    trade freely around the world.
        And so I ask the Congress to be confident as we approach these big
    issues, be confident in the ability of the American people, be confident
    in the ability of the entrepreneur to succeed, be confident in our
    future of the country. And that's exactly the way I feel.
        This is a very unusual period in American history, obviously. We've
    never been attacked like this before. We're still being attacked. Our
    heart goes out to anybody who suffers in America. And so, we're
    bolstering our homeland defense. We're disrupting and denying anybody
    who wants to harm the American people. We spend hours tracking down
    every possible lead of somebody who would come into this country or who
    might be buried in this country, trying to hurt any American. And I'm
    proud of our law enforcement officials who work nonstop, around the
    clock, taking every single lead and pursuing it to its end.
        Yesterday--or a couple of days ago, I put the country on alert for a
    reason, that, on the one hand, while we will go about our business of
    going to World Series games or shopping or traveling to Washington, DC,
    I want our law enforcement officials to know we had some information
    that made it necessary for us to protect the United States' assets, to
    protect those areas that might be vulnerable. And that's exactly what's
    taking place today.
        And we're also fighting a war overseas, with the purpose of hunting
    down the evildoers and bringing them to justice. And I'm patient, and
    I'm focused, and I will not yield. We must win. We have no other choice,
    for our children and our grandchildren, that we bring any terrorist to
    justice and hold those nations who harbor them--which harbor them or
    feed them or clothe them to justice, as well. And the United States will
    prevail.
        People ask me about the economy. They say, ``Are you worried?'' I
    say, ``I'm worried any time anybody loses a job. But in the long term,
    I'm optimistic about the U.S. economy. We've got good tax policy. We've
    got low interest rates. We've got the best workers in the world. We've
    got an entrepreneurial spirit that is infectious and strong and alive
    and well. We are the best place to do business in the entire globe. And
    that hasn't changed.''
        But I'm optimistic for another reason. I'm optimistic because the
    spirit of this country is incredibly strong. This is a fabulous nation.
    The evil ones thought they could affect the spirit of America, but it's
    had an opposite effect. Our country is patient. Our country is resolved.
    Our country is united, regardless of our religion, regardless of where
    we live, regardless of our political party. We're united behind the fact
    that we must rise to this occasion. And rise we will. We will plant that
    flag of freedom forever by winning the war against terrorism, by
    rallying our economy, and by keeping strong and adhering to the values
    we hold so dear, starting with freedom.
        I want to thank you all for letting me come by. Thank you for
    letting me come by. [Laughter] Keep working hard. Keep working hard. And
    may God continue to bless America.

    Note: The President spoke at 11:13 a.m. in Presidential Hall in the
    Dwight D. Eisenhower Executive Office Building. In his remarks, he
    referred to W.R. ``Tim'' Timken, Jr., chairman, board of directors,
    Arthur D. ``Don'' Wainwright, vice chairman, board of directors, and
    Jerry J. Jasinowski, president, National Association of Manufacturers.

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