Weekly Compilation of Presidential Documents

Monday, November 17, 2008 Volume 44—Number 45 Pages 1405–1424

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00001 Fmt 1249 Sfmt 1249 E:\PRESDOCS\P45NOF4.014 P45NOF4 dwashington3 on PRODPC61 with PRESDOCSF Contents

Addresses and Remarks Notices Bishop John T. Walker Memorial Dinner— Continuation of the National Emergency With 1412 Respect to Iran—1407 Maryland, remarks following visit with Continuation of National Emergency With wounded troops and their families at the Respect to Weapons of Mass Destruction— National Naval Medical Center in 1406 Bethesda—1405 New York City Proclamations Intrepid Sea, Air & Space Museum, rededication ceremony—1408 America Recycles Day—1421 Manhattan Institute—1416 Remarks on arrival—1407 Statements by the President United Nations High-Level Debate on Klamath River Basin conservation Interfaith Dialogue—1415 agreement—1420 Radio addresses—1405, 1421 2008 NCAA championship teams—1411 Supplementary Materials Communications to Congress Acts approved by the President—1424 Iran, letter on continuation of national Checklist of White House press releases— emergency with respect to—1407 1424 Weapons of mass destruction, letter on Digest of other White House continuation of national emergency with announcements—1422 respect to—1406 Nominations submitted to the Senate—1423

WEEKLY COMPILATION OF Distribution is made only by the Superintendent of Docu- ments, Government Printing Office, Washington, DC 20402. PRESIDENTIAL DOCUMENTS The Weekly Compilation of Presidential Documents will be furnished by mail to domestic subscribers for $80.00 per year Published every Monday by the Office of the Federal Reg- ($137.00 for mailing first class) and to foreign subscribers for ister, National Archives and Records Administration, Washing- $93.75 per year, payable to the Superintendent of Documents, ton, DC 20408, the Weekly Compilation of Presidential Docu- Government Printing Office, Washington, DC 20402. The ments contains statements, messages, and other Presidential charge for a single copy is $3.00 ($3.75 for foreign mailing). materials released by the White House during the preceding The Weekly Compilation of Presidential Documents is also week. available on the Internet on the GPO Access service at http:// The Weekly Compilation of Presidential Documents is pub- www.gpoaccess.gov/wcomp/index.html. lished pursuant to the authority contained in the Federal Reg- There are no restrictions on the republication of material ister Act (49 Stat. 500, as amended; 44 U.S.C. Ch. 15), under appearing in the Weekly Compilation of Presidential Docu- regulations prescribed by the Administrative Committee of the ments. Federal Register, approved by the President (37 FR 23607; 1 CFR Part 10).

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00002 Fmt 1249 Sfmt 1249 E:\PRESDOCS\P45NOF4.014 P45NOF4 dwashington3 on PRODPC61 with PRESDOCSF VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00003 Fmt 7969 Sfmt 7969 E:\PRESDOCS\P45NOF4.014 P45NOF4 dwashington3 on PRODPC61 with PRESDOCSF newmail.eps Week Ending Friday, November 14, 2008

The President’s Radio Address effort to ensure continuity throughout the ex- ecutive branch. November 8, 2008 A successful transition is just one of the many important tasks remaining for my ad- Good morning. Earlier this week, more ministration. Yesterday we learned that than 120 million Americans went to the polls America’s economy lost jobs in the month and voted for a new President and Congress. of October, and I will continue working hard No matter how we cast our ballots, all Ameri- to return our Nation to the path of prosperity cans have reason to be proud of our democ- and growth. To help address the global finan- racy. Our citizens have chosen a President cial crisis, my administration will host an his- who represents a triumph of the American toric international summit in Washington on story, a testament to hard work, optimism, November the 15th. We will also keep urging and faith in the enduring promise of our Na- Congress to approve America’s free trade tion. agreements with Colombia and Panama and When I called President-elect Obama to South Korea. We will continue working to congratulate him on his historic victory, I told defeat the terrorists and extremists abroad him that he can count on my complete co- to keep the American people safe here at operation as he makes his transition to the home. White House. Ensuring that this transition Americans expect their President to con- is seamless is a top priority for the rest of duct the people’s business. I will continue my time in office. Our country faces eco- to uphold this solemn obligation for as long nomic challenges that will not pause to let as this office remains in my trust. In the a new President settle in. This will also be meantime, I join the American people in America’s first wartime Presidential transi- wishing President-elect Obama every suc- tion in four decades. We’re in a struggle cess. Laura and I wish the Obama family as against violent extremists determined to at- much joy and happiness as our family has tack us, and they would like nothing more found in this wonderful house. than to exploit this period of change to harm Thank you for listening. the American people. So my administration will work hard to en- NOTE: The address was recorded at 10 a.m. on sure that the next President and his team can November 7 in the Cabinet Room at the White hit the ground running. For more than a year House for broadcast at 10:06 a.m. on November 8. The transcript was made available by the Office now, the White House and agencies through- of the Press Secretary on November 7 but was out the Federal Government have been pre- embargoed for release until the broadcast. The paring for a smooth transition. We’ve pro- Office of the Press Secretary also released a Span- vided intelligence briefings to the President- ish language transcript of this address. elect, and the Department of Justice has ap- proved security clearances for members of his transition staff. In the coming weeks, we Remarks Following a Visit With will ask administration officials to brief the Wounded Troops and Their Families Obama team on major ongoing policy issues, at the National Naval Medical Center ranging from the financial markets to the war in Bethesda, Maryland in Iraq. I will keep the President-elect fully November 10, 2008 informed on important decisions during this critical time for our Nation. Taken together, Admiral, thank you very much for leading these measures represent an unprecedented an amazing group of men and women who 1405

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00001 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1406 Nov. 10 / Administration of George W. Bush, 2008

provide such compassion and skill for those an unusual and extraordinary threat to the who have been wounded. national security, foreign policy, and econ- You know, I’m—appreciate the families omy of the United States; therefore, the na- who were so gracious to me here. One of tional emergency first declared on November the things I tell them is that their loved one 14, 1994, and extended in each subsequent is going to get fabulous medical care, and year, must continue. In accordance with sec- they do. It’s inspiring to see the hard work. tion 202(d) of the National Emergencies Act It’s also inspiring to see the courage of the (50 U.S.C. 1622(d)), I am continuing for 1 patients. I met some of the men that I’d seen year the national emergency declared in Ex- 6 months ago; I came back, and they’re to- ecutive Order 12938, as amended. tally different looking people. That’s because This notice shall be published in the Fed- of the good health care. It’s also because of eral Register and transmitted to the Con- their mental framework. They’ve decided gress. that nothing’s going to get them down, and they battled back. And they’re—a lot of them George W. Bush are doing really well. The White House, So I want to thank you for your time, and November 10, 2008. it’s been an honor to be the Commander in Chief of such fine men and women. Thank you. [Filed with the Office of the Federal Register, 11:15 a.m., November 10, 2008] NOTE: The President spoke at 11:19 a.m. In his remarks, he referred to Rear Adm. Matthew L. NOTE: This notice was published in the Federal Nathan, USN, commander, National Naval Med- Register on November 12. ical Center. Letter to Congressional Leaders on Notice—Continuation of National Continuation of the National Emergency With Respect to Emergency With Respect to Weapons of Mass Destruction Weapons of Mass Destruction November 10, 2008 November 10, 2008 On November 14, 1994, by Executive Dear Madam Speaker: (Dear Mr. Order 12938, the President declared a na- President:) tional emergency with respect to the unusual In accordance with section 202(d) of the and extraordinary threat to the national secu- National Emergencies Act (50 U.S.C. rity, foreign policy, and economy of the 1622(d)), I have sent the enclosed notice to United States posed by the proliferation of the Federal Register for publication, stating nuclear, biological, and chemical weapons that the national emergency with respect to (weapons of mass destruction) and the means the proliferation of weapons of mass destruc- of delivering such weapons. On July 28, 1998, tion that was declared in Executive Order the President issued Executive Order 13094 12938 of November 14, 1994, as amended, amending Executive Order 12938 to respond is to continue in effect beyond November more effectively to the worldwide threat of 14, 2008. weapons of mass destruction proliferation ac- Sincerely, tivities. On June 28, 2005, I issued Executive Order 13382 that, inter alia, further amend- George W. Bush ed Executive Order 12938 to improve our ability to combat proliferation. The prolifera- NOTE: Identical letters were sent to Nancy Pelosi, tion of weapons of mass destruction and the Speaker of the House of Representatives, and means of delivering them continues to pose Richard B. Cheney, President of the Senate.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00002 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST Administration of George W. Bush, 2008 / Nov. 11 1407

Notice—Continuation of the Congress a notice stating that the emergency National Emergency With Respect to is to continue in effect beyond the anniver- Iran sary date. In accordance with this provision, I have sent to the Federal Register for publi- November 10, 2008 cation the enclosed notice, stating that the On November 14, 1979, by Executive Iran national emergency declared in Execu- Order 12170, the President declared a na- tive Order 12170 of November 14, 1979, is tional emergency with respect to Iran pursu- to continue in effect beyond November 14, ant to the International Emergency Eco- 2008. nomic Powers Act (50 U.S.C. 1701–1706), to Our relations with Iran have not yet re- deal with the unusual and extraordinary turned to normal, and the process of imple- threat to the national security, foreign policy, menting the January 19, 1981, agreements and economy of the United States con- with Iran is still underway. For these reasons, stituted by the situation in Iran. Because our I have determined that it is necessary to con- relations with Iran have not yet returned to tinue the national emergency declared on normal, and the process of implementing the November 14, 1979, with respect to Iran, be- January 19, 1981, agreements with Iran is still yond November 14, 2008. underway, the national emergency declared Sincerely, on November 14, 1979, must continue in ef- George W. Bush fect beyond November 14, 2008. Therefore, consistent with section 202(d) of the National NOTE: Identical letters were sent to Nancy Pelosi, Emergencies Act (50 U.S.C. 1622(d)), I am Speaker of the House of Representatives, and Richard B. Cheney, President of the Senate. continuing for 1 year this national emergency with respect to Iran. This notice shall be published in the Fed- Remarks on Arrival in New York City eral Register and transmitted to the Con- November 11, 2008 gress. George W. Bush Veterans Day As you can see, I have the honor of trav- The White House, eling with men and women who have volun- November 10, 2008. teered to serve our Nation in a time of war. [Filed with the Office of the Federal Register, Behind me are five outstanding Americans 11:15 a.m., November 12, 2008] representing each branch of the military service. I am with them today because we NOTE: This notice was released by the Office of are celebrating Veterans Day. the Press Secretary on November 11, and it was Veterans have inspired troops such as published in the Federal Register on November these; veterans have inspired me. I was raised 13. by a veteran. I appreciate the commitment to our country that the veterans have made. Letter to Congressional Leaders on I am committed to making sure that today’s Continuation of the National veterans get all the health care and support Emergency With Respect to Iran they need from the Federal Government for agreeing to serve in a time of danger. November 11, 2008 Our Nation is blessed because our liberties have been defended by brave men and Dear Madam Speaker: (Dear Mr. women in the past. And we are blessed to President:) have brave men and women defend our lib- Section 202(d) of the National Emer- erties today. gencies Act (50 U.S.C. 1622(d)) provides for God bless our veterans. Thank you. the automatic termination of a national emer- gency unless, prior to the anniversary date NOTE: The President spoke at 10:16 a.m. at John of its declaration, the President publishes in F. Kennedy International Airport. In his remarks, the Federal Register and transmits to the he referred to CPO Shenequa Cox, USN, Navy

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00003 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1408 Nov. 11 / Administration of George W. Bush, 2008

Information Operations Command Hawaii; PO1 Members of the Intrepid Museum and Christopher O. Hutto, USCG, Sector Jacksonville Foundation board of trustees; wounded war- Aids to Navigation Team; S. Sgt. Michael Noyce- riors—you know, oftentimes they ask me, Mering, USA, B Company, 1–163d Cavalry Regi- ‘‘What are you going to miss about the Presi- ment, Montana National Guard; SrA. Alicia dency?’’ And first reaction is, I say, ‘‘No traf- Goetschel, USAF, 100th Security Forces Squad- ron; and Sgt. John Badon, USMC, Basic School fic jams in New York.’’ The truth of the mat- for Martial Arts Center of Excellence. ter is, I will miss being the Commander in Chief of such a fabulous group of men and women, those who wear the uniform of the Remarks at a Rededication United States military. Ceremony at the Intrepid Sea, Air & Veterans Day has a long and solemn his- Space Museum in New York City tory. The event that inspired it took place 90 years ago today in a small railway car in November 11, 2008 a French forest. November the 11th, 1918, the Allied Powers and Germany signed an Thank you all. Thank you for the warm armistice that ended one of the bloodiest welcome. Be seated. Charles and Rich, wars the world had ever witnessed. By the thanks a lot. I gratefully accept the Freedom time that day arrived, World War I had raged Award. And I’m honored to be with you for more than 4 years, and more than 8 mil- today as we rededicate a great monument lion soldiers had given their lives. But on the to freedom, the Intrepid Sea, Air & Space 11th hour of the 11th day of that 11th month, Museum. At this ceremony, we recognize the guns fell silent and peace began to return nearly 55,000 Americans who served aboard to Europe. the USS Intrepid, including some who are To commemorate the war’s end, President here today. And we commemorate Veterans Woodrow Wilson declared that November Day by honoring all those who have worn the 11th should be remembered as Armistice the uniform of the Army, Navy, Air Force, Day, a holiday to honor the brave sacrifices Coast Guard, and Marine Corps. Thank you of the American soldiers who defended de- for serving our great Nation. mocracy and freedom overseas. Today, we I am proud to be traveling with the First know it as Veterans Day, a day when we cele- Lady of the United States, Laura Bush, the brate and thank and honor every man and most patient woman in America. [Laughter] woman who have served in our Armed Governor, thank you for joining us. Secretary Forces. Kempthorne, Senator Hillary Clinton, I’m These noble Americans are our sons and proud to be with you. Thank you for being daughters, they are our fathers and mothers, here. Congressman Pete King, Congressman they are our family, and they are our friends. Charlie Rangel, Congressman Anthony They leave home to do the work of patriots, Weiner, thank you all for joining us today. and they lead lives of quiet dignity when they Looking forward to that lame duck session, return. Today we send a clear message to aren’t we? [Laughter] all who have worn the uniform: Thank you What an awesome guy General Jim for your courage, thank you for your sacrifice, Conway is, Commandant of the United and thank you for standing up when your Na- States Marine Corps and member of the tion needed you most. Joint Chiefs. Christine Quinn, thank you for In the years since we began celebrating your remarks. Bill White, the Vanna White Veterans Day, America’s Armed Forces have of the Intrepid. He’s a—[laughter]. Arnold defended our freedom in many conflicts. And Fisher and the Fisher family—what a fabu- in those conflicts, they have often relied on lous contribution the Fishers have made to the might of the USS Intrepid. the United States of America, and we thank The great ship’s keel was laid on Decem- you from the bottom of our hearts. ber 1, 1941. Less than a week later, Pearl John Rich—fellow Texan; John, tell them Harbor was attacked, and America entered we’re coming home, and we’re coming home World War II. In the years to come, as the with our heads held high. United States Navy defended the freedom

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00004 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST Administration of George W. Bush, 2008 / Nov. 11 1409

in the Pacific, the men of the ‘‘Fighting I’’ anniversary of D-Day, he was moved to see would be in the thick of the battle. The In- that the museum had arranged for a vintage trepid participated in the invasion of the Avenger, painted in the style of his unit, to Marshall Islands. She played a key role in be right here on the deck. It just so happens the amphibious assault on Okinawa. She was that it was flanked by two of the men who part of one of the greatest sea battles in his- had flown in his squadron. The man the In- tory, the Battles of Leyte Gulf. trepid honored that day is a great American. In that massive engagement, American He’s a dedicated servant to this country, and forces faced some of the most formidable I can tell you from personal experience he’s elements of the Japanese Navy. The Japanese a fabulous father. fleet included the Yamamato [Yamato] * and Even as a museum, the Intrepid still an- the Musashi; these were the heaviest and the swered the call to service. I’m pretty certain largest battleships ever constructed. The Im- most Americans don’t understand what I’m perial Navy approached the coast of the Phil- about to tell you, but on September the 11th, ippines from three different directions, and when we came attacked just a few blocks it was a fearsome challenge, but the men of from here, the Intrepid was used as an emer- this ship were ready. The Intrepid’s air group gency command center. First-responders fought courageously and without rest. By the launched helicopters from the decks. It be- time the battle ended 3 days later, the United came clear that this ship, which helped de- States Navy had sunk the Musashi to the feat the great totalitarian threats of the 20th ocean floor and lifted hopes for victory in century, was front and center in the opening the Pacific. moments of a new struggle against the forces The war ended the following year, but the of hatred and fear. Intrepid’s mission did not end. As the United The war on terror has required courage; States raced into the new frontier of space, it has required resolve equal to what previous the Intrepid stood by to retrieve astronauts generations of Americans brought to the returning to Earth. During the cold war, she fields of Europe and the deep waters of the patrolled the Mediterranean and helped Pacific. And I’m proud to report to my fellow force the surrender of pro-Castro terrorists citizens, our Armed Forces, the Armed who had hijacked a freighter in the Carib- Forces of this generation, have showed up bean, and did three tours off the waters of for the fight. And America is more secure Vietnam. For our Nation’s bicentennial cele- for it. bration, the United States Congress paid a This morning, Laura and I flew up here fitting tribute to this ship’s extraordinary with some brave men and women who are service when they selected the Intrepid to keeping us safe. I want to introduce them represent the United States Navy in Philadel- to you. phia. Staff Sergeant Michael Noyce-Merino was After more than 30 years at sea, the In- the first National Guardsman ever to be trepid was permanently decommissioned. named the Army’s Noncommissioned Officer Despite her amazing history, she was des- of the Year. Senior Airman Alicia Goetschel tined to be scrapped. But thanks to the work was named one of the Air Force’s Out- of the Intrepid Museum Foundation, she standing Airmen of the Year for her work found a home in New York City. Since 1982, in keeping dangerous extremists off the she has been a museum that educates new streets of Iraq. Chief Petty Officer Shenequa generations of Americans about the high Cox won several awards recognizing her as price that those who came before them paid one of the Navy’s finest sailors. Petty Officer for their freedom. First Class Chris Hutto was honored as the One of the veterans who has been honored Coast Guard’s Enlisted Person of the Year. here was a Navy pilot who flew Avenger tor- And United States Marine Sergeant John pedo planes during World War II. When he Badon’s bravery earned him two Purple was invited onboard the Intrepid for the 50th Hearts for his service in Operation Iraqi Freedom. Where are my new pals? God bless * White House correction. you.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00005 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1410 Nov. 11 / Administration of George W. Bush, 2008

They are representatives of the finest our his fellow sailors deal with a kamikaze attack. Nation offers. And they have the support of He saw his best friend burning alive and strong and caring and loving families. And caught in a gun mount. He rushed into the so on this Veterans Day, not only do we flames. He attempted to save his buddy, but honor those who have worn the uniform, before he could do so, an ammunition bin those who are wearing the uniform, we honor detonated; nine were killed, six injured, in- their families. And we thank them from the cluding Alonzo. bottom of our hearts. For his bravery, he was awarded the We have a moral obligation to support our Bronze Star. It’s a high honor, but a lot of families, and we have a moral obligation to folks didn’t think it was a high enough honor. support our veterans. It has been my privi- They felt he deserved the Navy Cross, and lege to work with Members of the United many believed that he had been denied the States Congress to nearly double the funding Navy Cross because of the color of his skin— for those who have worn the uniform. It has he was an African American. For 50 years been my privilege to work to implement the his advocates petitioned the Government, recommendations from the Dole-Shalala and for 50 years they were unsuccessful. But Commission, to make sure that we have a he kept the faith. November 3, 1993, under mental health care system and physical the Presidency of my predecessor, President health care system worthy of the sacrifice of Bill Clinton, right here on the deck of the those who have worn the uniform. Intrepid, Alonzo Swann finally received his It has been my privilege to work with the Navy Cross. And I want people to listen to United States Congress to expand education what he said. He said, ‘‘If you think you’re benefits for both members of our military as right, fight your heart out.’’ That ought to well as our veterans. It has been my privilege be the motto of the modern United States to say loud and clear to our veterans: We military. You think you’re right, and you’re love you, we respect you, and we thank you fighting your heart out for the sake of peace for serving the United States of America. and freedom, and we thank you for it. And I love what the Intrepid Relief Fund Laura and I are honored to be here. We’re and the Intrepid Fallen Heroes Fund have honored to see this majestic place. I love the done to support our veterans as well. They fact that parents can answer a child’s ques- provided more than $100 million to military tion about ‘‘Why fight?’’ with this answer: families in need. The Intrepid’s Fisher These brave souls fought for freedom, they House program has provided temporary fought for liberty, and they fought to guar- housing for families of service men and antee the rights given to us by our Creator. women receiving medical treatment. And that has been the history of our Armed At the center for the Intrepid’s physical Forces—brave folks, the mightiest defenders rehabilitation facility in San Antonio, Texas, of those unalienable rights. America’s wounded warriors receive some in- So on behalf of a grateful nation, I thank credible medical care. I have seen what hap- our veterans for your service, for your com- pens in this place of healing and hope first- mitment. May God bless you, and may God hand. The Intrepid Center brings great com- continue to bless the United States of Amer- passion to those who have worn and are ica. wearing the uniform. It also shows that the American people are incredibly generous in supporting the veterans. And I want to thank NOTE: The President spoke at 12:27 p.m. In his the Intrepid members, and those who sup- remarks, he referred to Charles de Gunzburg and port the Intrepid foundations, for your work Richard Santulli, cochairmen, and Arnold Fisher, on behalf of our country. chairman emeritus, Intrepid Sea, Air & Space Museum board of trustees; Gov. David A. Throughout the decades, our service men Paterson of New York; Christine C. Quinn, speak- and women have shown a spirit of selfless er, New York City Council; Bill White, president, courage. I was impressed by the story of Intrepid Sea, Air & Space Museum; television Alonzo Swann, who on October 29, 1944, personality Vanna White; and entertainer John here on the deck of the Intrepid, had to help Rich.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00006 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST Administration of George W. Bush, 2008 / Nov. 12 1411

Remarks Honoring 2008 NCAA The Arizona State University men’s and Championship Teams women’s indoor track and field team have November 12, 2008 joined us today. There you are. The Sun Devil men and women both took home in- Thank you all. Please be seated. Welcome door track and field championships. This was to the White House, champions day here on the first indoor title for the men and a repeat the South Lawn. We appreciate you coming. for the women. You have a great leader and We appreciate the fact that as champions you coach, Greg Kraft, and we’re glad to welcome have set goals and you have worked hard to you back. Congratulations, and thanks. achieve those goals. Arizona State softball team are with us I appreciate very much the fact that you today. [Applause] Seems to be some support brought your coaches with you and people out there for women’s softball. You’re looking at your universities who support you. I’m at a big women’s softball supporter. You went proud to welcome the Secretary of Housing 66–5, and 10–0 during the post-season to and Urban Development, his wife Molly, and capture the Sun Devils’ first NCAA softball daughter Ella. He is here because he is a national title. When Coach Clint Myers ar- graduate of Northwestern University. Of rived 3 years ago, he promised that you course, you’re probably here to cheer all the would win a national title. That’s a pretty teams, right? Yes. bold promise, Coach Myers, and you’ve de- I want to welcome other members of the livered. And you thanked him by dumping administration, school officials, families, and Gatorade all over him. [Laughter] I hope you fans. First team I want to honor is the team sent them the cleaning bill. for which we have called upon this weather: The Florida State men’s outdoor track and the University of Alaska Fairbanks rifle team. field team have joined us today, the mighty [Laughter] The Nanooks are with us today. Seminoles. This is your third straight title. You won your 10th national championship Coach Bob Braman told me that he—last and your third in a row. I want to welcome year, he said, ‘‘We’ll be back, Mr. President.’’ coach Dan Jordan and the folks from Fair- I said, ‘‘I’ll be here too.’’ You’re in the process banks—University of Alaska Fairbanks. I of winning; you produced nine All-Ameri- asked the captain, ‘‘Who did you beat to get cans. Congratulations on another great cham- here?’’ And he said, ‘‘Army.’’ [Laughter] The pionship. folks at West Point need to practice. [Laugh- The Northwestern University women’s la- ter] These guys make good competition to crosse team; they finished 21–1. I must tell you. Congratulations. Welcome. And we are you, I was slightly disappointed when I came glad you’re here. in the White House room there and looked A lot of teams from the State of Arizona at the feet of those women. I was looking have joined us. We put this weather on just for flip-flops. [Laughter] Coach Kathy— for you. [Laughter] Kelly Hiller led you to the fourth straight The University of Arizona men’s and wom- national title over Penn, and here is what she en’s swimming and diving teams are here. said: ‘‘I’m not going to call ourselves a dy- In March, the women defeated Auburn to nasty, but if you want to, I’m okay with it.’’ win the national championship, and 1 week [Laughter] Welcome back, a dynasty. Con- later, the men handily beat the University gratulations, ladies. of Texas. We welcome you here. This is the LSU women’s outdoor track and field first national championship for either team. team, straight out of Baton Rouge, Louisiana. And I got the feeling, having talked to some [Laughter] It came down to the wire, the of the athletes, this will not be the last time very last event of the very last day was the you’ll be at the White House, even though 4x400, and you won. And now you are the it will be my last time here at the White national champs. We welcome Coach Dennis House. [Laughter] Coach Frank Busch—no Shaver and the women from Louisiana State relation—and the mighty Arizona men and University. women’s team, congratulations, and we wel- I’m proud to welcome back Coach John come you. Murphy’s Brown University women’s rowing

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00007 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1412 Nov. 12 / Administration of George W. Bush, 2008

team. This is the second straight year that Laura and I are thrilled to be with you. the women have been back; this is your sixth I am always a better man when my wife is national championship in less than a decade. by my side. You are the most successful crew in NCAA I want to thank Jules Coles, the president women’s rowing history. Congratulations, of Africare; Maria Walker, the widow of and welcome back to the White House. Bishop John Walker. I was thinking coming And finally, Fresno State men’s baseball. over, ‘‘Let’s see, I’m George Walker Bush’’— So you talk about a team that refused to quit. [laughter]. I don’t know; what do you think? This team lost 12 of the first 20 games of [Laughter] Anyway, Madam—Ms. Walker, the season. I suspect some of you wrote you thank you very much for joining us. off, you know, like—[laughter]—8 and 12? I want to thank the members of the These guys call themselves champs? You Africare board of directors for this honor, but needed to win your conference tournament more importantly, for the work you do in Af- just to make the NCAA field of 64 teams. rica. Six times in post-season you were only one I thank my friend, Congressman Don game away from elimination. Every time you Payne, who’s one of the leading—[ap- held on, and you became national champs. plause]—the leading authorities in the No wonder the ESPYs nominated you for the United States Congress on African affairs. best upset of the year. I’m pleased members of my administration have joined me and Laura here tonight. I thank you for your willingness to never Henrietta Fore, Administrator of USAID; say die, your willingness to keep fighting. the head of the Millennium Challenge Cor- Steve Detwiler said this—he played with an poration, Ambassador John Danilovich; the injury by the way—he said: ‘‘It’s mind over U.S. Malaria Coordinator, Rear Admiral Tim matter. The pain is temporary; the pride is Ziemer—thank you for coming, Admiral. forever.’’ And I suspect, Steve, a lot of ath- I’m pleased to be here with Lloyd Pierson, letes, whether they were on your team or President and CEO of African Development on the teams represented here, can testify Foundation; Ron Tschetter, Director of the that pride is forever. This is a prideful mo- mighty Peace Corps. ment for you. Laura and I have the privilege of hosting We are glad you’re here at the White Bill Frist and his wife, Karyn, at the White House. I thank you for being good cham- House tonight. Make sure you make your pions on the field. I thank you for being bed, Senator, but we thank you for coming. champs off the field. I’m proud you’re here I want to thank members of the diplomatic at this grand house of the people. May God corps. We are proud you are here tonight. bless you, and may God continue to bless I’m in pretty good company when it comes the United States. to this Humanitarian Service Award. Jules said, ‘‘Man, you’re hanging out with some NOTE: The President spoke at 1:30 p.m. on the good folks.’’ Last year’s award winner went South Lawn at the White House. In his remarks, to—recipient was President Ellen Johnson he referred to Patrik Sartz, co-captain, University Sirleaf of Liberia, a great woman. Last year’s of Alaska Fairbanks rifle team; and Steve dinner speaker was, in fact, my wife Laura. Detwiler, outfielder, Fresno State men’s baseball And frankly, knowing both women, I am not team. sure which is a harder act to follow. I really am glad Laura is here because our work in Africa—and I say our collective work Remarks at the 2008 Bishop John T. in Africa—is a labor of love for us. Laura Walker Memorial Dinner and I have been to Africa a lot. She has November 12, 2008 worked in an effective way to help promote education and health. Our girls, Barbara and Thank you, Frank, and thanks for this great Jenna, have done a lot of work to help pro- honor. I accept it gratefully, but it ought to mote dignity on the continent of Africa, par- be offered to the American people. ticularly with those folks living with HIV/

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00008 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST Administration of George W. Bush, 2008 / Nov. 12 1413

AID. I am proud of their work, and I’m the most remote areas of the country. My proud of the work of millions of our fellow fellow citizens need to hear what President citizens. It is amazing to me that when you Kikwete said. He said that the Millennium go to Africa, the number of Americans you Challenge program is a ‘‘source of pride’’— meet who are living out the universal call to ‘‘making it possible for the people of Tan- love a neighbor like you’d like to be loved zania to chart a brighter future.’’ yourself, who are hearing that admonition Notice he didn’t say, making it possible for that to whom much is given, much is re- the American people to chart a brighter fu- quired. America—[applause]. ture for Tanzania. He said, making it possible I appreciate those who support Africare. for the citizens of Tanzania to chart their own I thank you for your work in caring for or- future. phans in Uganda or fighting polio in Angola It is uplifting to see people freed from or resettling refugees from Sudan. I thank hunger and thirst. And I’m proud of the fact you for the work you do in 20 nations on that the American people have supported the continent of Africa. And in that work, programs to help feed tens of millions of peo- you are carrying out the vision of the man ple on the continent. And I appreciate the we honor, Bishop John Walker. work of people here in Africare for helping When he was a young clergyman in the on that work. Your organization has part- sixties, he traveled to Uganda. He was wel- nered with our government to address the comed in the homes of people who needed lack of clean and safe drinking water. This his message of love. That experience con- is one of the greatest challenges to develop- vinced Bishop Walker that Africa’s greatest ment in African nations, and through your treasure is not its spectacular scenery or nat- efforts this evening, you’re helping to over- ural resources, but it is the determined spirit come it. of its people. On a way—one way our country is working Bishop Walker understood that disease with African governments is to provide safe and poverty and injustice are great chal- water through private-public partnerships, lenges. But he also knew that the people of and one such innovative program is called Africa have the talent and ambition and re- the PlayPumps Alliance. Mr. Dale Jones of solve to overcome them. And frankly, that PlayPumps International is with us today. has been the heart of our policy toward Afri- You probably may not have heard of ca. We do not believe in paternalism; we be- PlayPumps Alliance—it’s kind of hard for me lieve in partnership, because we believe in to say. [Laughter] But here’s the way it the potential of the people on the continent works: PlayPumps are children’s merry-go- of Africa. rounds attached to a water pump and a stor- I’ve had a lot of uplifting experiences as age tank, and so when the wheel turns, clean the President. And one of the most uplifting water is produced. Laura and Jenna helped experiences has been to witness a new and to get one of these new pumps moving dur- more hopeful era dawning on the continent. ing their visit to a Zambian school. As the Over the past 8 years, it’s been moving to wheel spun, children on the merry-go-round watch courageous Africans root out corrup- shouted and laughed with joy. At the same tion and open up their economies and invest time, they helped to keep their friends in in the prosperity of their people. The United good health. States stands with these leaders as partners There are innovative ways to express the and friends and allies in hope through the compassion of the American people on the work of the Millennium Challenge Account. continent of Africa. And I want to thank On my trip to Africa this February, I PlayPumps International for being one of the joined President Kikwete of Tanzania to sign innovators. a 5-year, nearly $700 million Millennium On my trips to Africa, it has been uplifting Challenge compact, which will help build up to see people fulfilling their God-given po- Tanzania’s infrastructure. And as part of this tential, thanks to a good education. The Afri- compact, Africare is helping to extend elec- can Education Initiative was mentioned, but tricity to homes and businesses in some of a part of that initiative is the fact that we’ve

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00009 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1414 Nov. 12 / Administration of George W. Bush, 2008

trained 700,000 teachers, distributed more Laura and I have seen this miracle with than 10 million textbooks, and provided hun- our own eyes. I’m sure many of you have dreds of thousands of scholarships to help as well. She traveled to South Africa in 2005; girls go to school. Laura visited a PEPFAR-supported clinic for In Liberia, I met a woman named Deddeh HIV-positive pregnant women. There she Zaizay, who told me that her husband had met Kunene Tantoh. When Kunene first ar- abandoned her and her three children be- rived at the clinic, she virtually had no im- cause she was illiterate. Deddeh is learning mune system left. But with the treatment she to read. She proudly declared in front of the received, Kunene survived. Not only did she President of Liberia that she plans to go to survive, 2 years later she was in the Rose college. And she has set her sights high; she Garden at the White House. She brought wants to be the President of Liberia one day. with him—she brought with her, her son, I do not see how you can have a hopeful Baron. She wanted Laura and me to see an life if your mother and father is dying of HIV/ HIV-free baby. Baron is a reminder of the AIDS or your baby is dying needlessly be- many lives that have been touched and saved cause of a mosquito bite. And so we have by the compassion of the American people. taken a strong stand against deadly disease. And he represents the bright and promising Through the malaria initiative, we’ve future awaiting the folks in Africa. partnered with African nations to dramati- In our visits to the continent, we have been cally reduce infection rates and save lives. overwhelmed by the affection and gratitude Laura and I saw the good work of the Amer- that the African people show to the American ican people and the good work of Africare people. Oh, a lot of people are out there say- at firsthand in Tanzania’s Meru District Hos- ing, ‘‘Why should I care about Africa? What pital. New mothers bring their babies into good does it do me, Mr. President, for our the hospital; they have them tested for ma- government to support Africa?’’ Well, I’ll tell laria and HIV. Nurses distribute bed net you what good it does. One, it is in our na- vouchers, where mothers can use to buy in- tional security interest that we defeat hope- secticide-treated bed nets. lessness. It is in our economic interest that we help economies grow. And it is in our Laura and I met the mothers. I cannot tell moral interest that when we find hunger and you the expression of pride they had on their suffering, the United States of America re- face when they held their babies up and said, sponds in a robust and effective way. ‘‘My baby is healthy.’’ Nothing more hopeful I thank Africare for being on the leading than to see the joy on a mother’s face, real- edge of this transformative series of initia- izing that her baby has escaped the scourge tives. I hope you feel as good about your con- of the deadly disease of malaria. I thank all tribution as I feel as good about our Govern- those in this audience and around our Nation ment’s contribution to doing what’s right. I’m who have helped this malaria initiative be- honored to receive this award. I am honored come robust and effective. to be the President of the most compassion, And then, of course, there’s the extraor- greatest nation on the face of the Earth. God dinary story—stories related to PEPFAR. We bless you, and God bless the people of Amer- launched the initiative in 2003; only 50,000 ica and Africa. people in sub-Sahara Africa were receiving Thank you all. antiretroviral treatment. Today, as was men- tioned, we support treatment for nearly 1.7 NOTE: The President spoke at 7:19 p.m. at the million people in the region. Africare is mak- Washington Hilton Hotel. In his remarks, he re- ing vital contributions to this effort. And with ferred to W. Frank Fountain, chairman, Africare; your help, people across Africa now speak former Senator William H. Frist; and Dale E. of a Lazarus effect: Communities once given Jones, chief executive officer, PlayPumps Inter- up for dead are being brought back to life. national.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00010 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST Administration of George W. Bush, 2008 / Nov. 13 1415

Remarks to the United Nations High- was founded by people seeking haven from Level Debate on Interfaith Dialogue religious persecution. The first amendment in New York City of our Constitution guarantees the free exer- November 13, 2008 cise of religion for all. And through the gen- erations, our Nation has helped defend the Mr. Secretary-General, distinguished religious liberty of others, from liberating the guests, ladies and gentlemen: Laura and I concentration camps of Europe to protecting are pleased to be back here at the United Muslims in places like Kosovo, Afghanistan, Nations, and I am grateful for the oppor- and Iraq. tunity to once again address the General As- Today, the United States is carrying on sembly. that noble tradition by making religious lib- I want to thank King Abdallah of Saudi erty a central element of our foreign policy. Arabia for his leadership and for convincing We’ve established a Commission on the us all to come together to speak about faith. International Religious Freedom to monitor I appreciate the participants who recognize the state of religious liberty worldwide. We the transformative and uplifting power of strongly encourage nations to understand faith. that religious freedom is the foundation of One of my core beliefs is that there is an a healthy and hopeful society. We’re not Almighty God and that every man, woman, afraid to stand with religious dissidents and and child on the face of this Earth bears His believers who practice their faith, even where image. Many years ago, faith changed my life. it is unwelcome. Faith has sustained me through the chal- One of the best ways to safeguard religious lenges and the joys of my Presidency, and freedom is to aid the rise of democracy. faith will guide me for the rest of my days. Democratic governments don’t all look alike. I know many of the leaders gathered in Each reflects the history and traditions of its this assembly have been influenced by faith own people. But one way—but one of the as well. We may profess different creeds and defining features of any democracy is that worship in different places, but our faith it makes room for people of all backgrounds leads us to common values. We believe God and all faiths. Democracies allow people with calls us to love our neighbors and to treat diverse views to discuss their differences and one another with compassion and respect. live in harmony. We believe God calls us to honor the dignity The expansion of democracy also rep- of all life and to speak against cruelty and resents the most promising path to peace. injustice. We believe God calls us to live in People who are free to express their opinions peace and to oppose all those who use His can challenge the ideologies of hate. They name to justify violence and murder. can defend their religious beliefs and speak Freedom is God’s gift to every man, out against those seeking to twist them to woman, and child. And that freedom in- evil ends. They can prevent their children cludes the right of all people to worship as from falling under the sway of extremists by they see fit. Sixty years ago, members of the giving them a more hopeful alternative. United Nations General Assembly acknowl- Over the past 8 years, I’ve been privileged edged this truth when we adopted the Uni- to see how freedom and faith can lift up lives versal Declaration of Human Rights. The and lead the world toward peace. I remem- declaration proclaims that everyone has the ber clearly a congregation in the State of right to choose or change religions and the Kansas, in my country, whose members right to worship in private or in public. stayed together and prayed together, even The United States strongly supported the when a tornado had torn down their church. adoption of the Universal Declaration. In I’ve seen faithful caregivers on the continent fact, the American delegation was led by a of Africa who take AIDS patients given up former First Lady, Eleanor Roosevelt. When for dead and restore them to health. I have we voted for the Universal Declaration, the seen mothers across the Middle East whose American people reaffirmed a conviction that faith leads them to dream of a better and dates back to our earliest days. Our Nation more peaceful future for their children, a

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00011 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1416 Nov. 13 / Administration of George W. Bush, 2008

dream shared by mothers all around the doing good work, being a good policy center. world. And before I begin, I must say, I would hope I appreciate every nation participating in that Ray Kelly would tell New York’s finest today’s dialog. Through dialog we can draw how much I appreciate the incredible hospi- closer to the day when our prayers for free- tality that we are always shown here in New dom and peace are answered, and every per- York City. You’re the head of a fabulous po- son on Earth enjoys the rights and dignity lice force, and we thank you very much, sir. granted by an Almighty God. We live in a world in which our economies God bless. are interconnected. Prosperity and progress have reached farther than any time in our NOTE: The President spoke at 11 a.m. in the Gen- eral Assembly Hall at the United Nations Head- history. Unfortunately, as we have seen in quarters. In his remarks, he referred to Secretary- recent months, financial turmoil anywhere in General Ban Ki-moon of the United Nations. The the world affects economies everywhere in Office of the Press Secretary also released a Span- the world. And so this weekend I’m going ish language transcript of these remarks. to host a summit on financial markets and the world economy with leaders from devel- oped and developing nations that account for Remarks to the Manhattan Institute nearly 90 percent of the world economy. in New York City Leaders of the World Bank, the International November 13, 2008 Monetary Fund, the United Nations, and the Financial Stability Forum are going to be Thank you very much. Please be seated. there as well. We’ll have dinner at the White Thank you. Larry, thank you for the introduc- House tomorrow night, and we’ll meet most tion. Thank you for giving Laura and me a of the day on Saturday. chance to come to this historic hall to talk The leaders attending this weekend’s about a big issue facing the world. And today I appreciate you giving me a chance to come meeting agree on a clear purpose: to address and for me to outline the steps that America the current crisis and to lay the foundation and our partners are taking and are going for reforms that will help prevent a similar to take to overcome this financial crisis. crisis in the future. We also agree that this And I thank the Manhattan Institute for undertaking is too large to be accomplished all you have done. I appreciate the fact that in a single session. The issues are too com- I am here in a fabulous city to give this plex, the problem is too significant to try to speech. People say, ‘‘Are you confident about solve or to come up with reasonable rec- our future?’’ And the answer is, absolutely. ommendations in just one meeting. So this And it’s easy to be confident when you’re summit will be the first of a series of meet- in a city like New York City. After all, there ings. is an unbelievable spirit in this city. This is It will focus on five key objectives: under- the city whose skyline has offered immigrants standing the causes of the global crisis; re- their first glimpse of freedom. This is the city viewing the effectiveness of our responses where people rallied when that freedom thus far; developing principles for reforming came under attack. This is the city whose our financial and regulatory systems; launch- capital markets have attracted investments ing a specific action plan to implement those from around the world and financed the principles; and reaffirming our conviction dreams of entrepreneurs all across America. that free market principles offer the surest This is the city that has been and will always path to lasting prosperity. be the financial capital of the world. First, we’re working toward a common un- And I am grateful to be in the presence derstanding of the causes behind the global of two men who served ably and nobly New crisis. Different countries will naturally bring York City, Mayor Koch and Mayor Giuliani. different perspectives, but there are some Thank you all for coming. Glad you’re here. points on which we can all agree. I thank the Manhattan Institute board of Over the past decade, the world experi- trustees and its chairman, Paul Singer, for enced a period of strong economic growth.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00012 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST Administration of George W. Bush, 2008 / Nov. 13 1417

Nations accumulated huge amounts of sav- meltdown. And at Saturday’s summit, we’re ings and looked for safe places to invest going to review the effectiveness of our ac- them. Because of our attractive political, tions. legal, and entrepreneurial climates, the Here in the United States, we have taken United States and other developed nations unprecedented steps to boost liquidity, re- received a large share of that money. capitalize financial institutions, guarantee The massive inflow of foreign capital, com- most new debt issued by insured banks, and bined with low interest rates, produced a pe- prevent the disorderly collapse of large, riod of easy credit. And that easy credit espe- interconnected enterprises. These were his- cially affected the housing market. Flush toric actions taken necessary to make—nec- with cash, many lenders issued mortgages, essary so that the economy would not melt and many borrowers could not afford them. down and affect millions of our fellow citi- Financial institutions then purchased these zens. loans, packaged them together, and con- In Europe, governments are also pur- verted them into complex securities designed chasing equity in banks and providing gov- to yield large returns. These securities were ernment guarantees for loans. In Asia, na- then purchased by investors and financial in- tions like China and Japan and South Korea stitutions in the United States and Europe have lowered interest rates and have and elsewhere, often with little analysis of launched significant economic stimulus their true underlying value. plans. In the Middle East, nations like Ku- The financial crisis was ignited when the wait and the UAE have guaranteed deposits booming housing markets began to decline. and opened up new government lending to As home values dropped, many borrowers banks. defaulted on their mortgages, and institutions holding securities backed by those mortgages In addition, nations around the world have suffered serious losses. Because of outdated taken unprecedented joint measures. Last regulatory structures and poor risk manage- month, a number of central banks carried out ment practices, many financial institutions in a coordinated interest rate cut. The Federal America and Europe were too highly lever- Reserve is extending needed liquidity to cen- aged. When capital ran short, many faced se- tral banks around the world. The IMF and vere financial jeopardy. This led to high-pro- World Bank are working to ensure that de- file failures of financial institutions in Amer- veloping nations can weather this crisis. ica and Europe, led to contractions and wide- This crisis did not develop overnight, and spread anxiety, all of which contributed to it’s not going to be solved overnight. But our sharp declines in the equity markets. actions are having an impact. Credit markets These developments have placed a heavy are beginning to thaw. Businesses are gaining burden on hard-working people around the access to essential short-term financing. A world. Stock market drops have eroded the measure of stability is returning to financial value of retirement accounts and pension systems here at home and around the world. funds. The tightening of credit has made it It’s going to require more time for these im- harder for families to borrow money for cars provements to fully take hold, and there’s or home improvements or education of the going to be difficult days ahead. But the children. Businesses have found it harder to United States and our partner are taking the get loans to expand their operations and cre- right steps to get through this crisis. ate jobs. Many nations have suffered job In addition to addressing the current crisis, losses and have serious concerns about the we will also need to make broader reforms worsening economy. Developing nations to strengthen the global economy over the have been hit hard as nervous investors have long term. This weekend, leaders will estab- withdrawn their capital. lish principles for adapting our financial sys- We are faced with the prospect of a global tems to the realities of the 21st century mar- meltdown. And so we’ve responded with bold ketplace. We will discuss specific actions we measures. I’m a market-oriented guy, but not can take to implement these principles. We when I’m faced with the prospect of a global will direct our finance ministers to work with

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00013 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1418 Nov. 13 / Administration of George W. Bush, 2008

other experts and report back to us with de- people they are designed to serve and focus tailed recommendations on further reason- on measurable results. able actions. All these steps require decisive actions One vital principle of reform is that our from governments around the world. At the nations must make our financial markets same time, we must recognize that govern- more transparent. For example, we should ment intervention is not a cure-all. For exam- consider improving accounting rules for se- ple, some blame the crisis on insufficient reg- curities, so that investors around the world ulation of the American mortgage market. can understand the true value of the assets But many European countries had much they purchase. more extensive regulations and still experi- Secondly, we must ensure that markets, enced problems almost identical to our own. firms, and financial products are properly History has shown that the greater threat regulated. For example, credit default to economic prosperity is not too little gov- swaps—financial products that insure against ernment involvement in the market, it is too potential losses—should be processed much government involvement in the mar- through centralized clearinghouses instead of ket. We saw this in the case of Fannie Mae through unregulated, over-the-counter mar- and Freddie Mac. Because these firms were kets. By bringing greater stability to this large chartered by the United States Congress, and important financial sector, we reduce the many believed they were backed by the full risk to our overall financial systems. faith and credit of the United States Govern- Third, we must enhance the integrity of ment. Investors put huge amounts of money our financial markets. For example, authori- into Fannie and Freddie, which they used ties in every nation should take a fresh look to build up irresponsibly large portfolios of at the rules governing market manipulation mortgage-backed securities. And when the and fraud and ensure that investors are prop- housing market declined, these securities, of erly protected. Fourth, we must strengthen cooperation course, plummeted in value. It took a tax- among the world’s financial authorities. For payer-funded rescue to keep Fannie and example, leading nations should better co- Freddie from collapsing in a way that would ordinate national laws and regulations. We have devastated the global financial system. should also reform international financial in- And there is a clear lesson: Our aim should stitutions such as the IMF and the World not be more government, it should be smart- Bank, which are based largely on the eco- er government. nomic order of 1944. To better reflect the All this leads to the most important prin- realities of today’s global economy, both the ciple that should guide our work. While re- IMF and World Bank should modernize forms in the financial sector are essential, the their governance structures. They should long-term solution to today’s problems is sus- consider extending greater voter—voting tained economic growth. And the surest path power to dynamic developing nations, espe- to that growth is free markets and free peo- cially as they increase their contributions to ple. these institutions. They should consider ways This is a decisive moment for the global to streamline their executive boards and economy. In the wake of the financial crisis, make them more representative. voices from the left and right are equating In addition, these important—to these the free enterprise system with greed and management changes, we should move for- exploitation and failure. It’s true this crisis ward with other reforms to make the IMF includes failures by lenders and borrowers and World Bank more transparent, account- and by financial firms and by governments able, and effective. For example, the IMF and independent regulators. But the crisis should agree to work more closely with mem- was not a failure of the free market system. ber countries to ensure that their exchange And the answer is not to try to reinvent that rate policies are market-oriented and fair. system. It is to fix the problems we face, And the World Bank should ensure its devel- make the reforms we need, and move for- opment programs reflect the priorities of the ward with the free market principles that

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00014 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST Administration of George W. Bush, 2008 / Nov. 13 1419

have delivered prosperity and hope to people for its vast fields of cane, is now forced to all across the globe. ration sugar. And while Iran sits atop giant Like any other system designed by men, oil reserves, its people cannot put enough capitalism is not perfect. It can be subject gasoline in its—in their cars. to excesses and abuse. But it is by far the most efficient and just way of structuring an The record is unmistakable. If you seek economy. At its most basic level, capitalism economic growth, if you seek opportunity, if offers people the freedom to choose where you seek social justice and human dignity, they work and what they do, the opportunity the free market system is the way to go. And to buy or sell products they want, and the it would be a terrible mistake to allow a few dignity that comes with profiting from their months of crisis to undermine 60 years of talent and hard work. The free market system success. provides the incentives that lead to pros- Just as important as maintaining free mar- perity: the incentive to work, to innovate, to kets within countries is maintaining the free save, to invest wisely, and to create jobs for movement of goods and services between others. And as millions of people pursue countries. When nations open up their mar- these incentives together, whole societies kets to trade and investment, their businesses benefit. and farmers and workers find new buyers for Free market capitalism is far more than their products. Consumers benefit from economic theory. It is the engine of social more choices and better prices. Entre- mobility, the highway to the American preneurs can get their ideas off the ground Dream. It’s what makes it possible for a hus- with funding from anywhere in the world. band and wife to start their own business or Thanks in large part to open markets, the a new immigrant to open a restaurant or a volume of global trade today is nearly 30 single mom to go back to college and to build times greater than it was six decades ago, and a better career. It is what allowed entre- some of the most dramatic gains have come preneurs in Silicon Valley to change the way in the developing world. the world sells products and searches for in- formation. It’s what transformed America As President, I have seen the trans- from a rugged frontier to the greatest eco- formative power of trade up close. I’ve been nomic power in history, a nation that gave to a Caterpillar factory in East Peoria, Illi- the world the steamboat and the airplane, nois, where thousands of good-paying Amer- the computer and the CAT scan, the Internet ican jobs are supported by exports. I’ve and the iPod. walked the grounds of a trade fair in Ghana, Ultimately, the best evidence for free mar- where I met women who support their fami- ket capitalism is its performance compared lies by exporting handmade dresses and jew- to other economic systems. Free markets al- elry. I’ve spoken with a farmer in Guatemala lowed Japan, an island with few natural re- who decided to grow high-value crops he sources, to recover from war and grow into could sell overseas and helped create more the world’s second largest economy. Free than 1,000 jobs. markets allowed South Korea to make itself into one of the most technologically ad- Stories like these show why it is so impor- vanced societies in the world. Free markets tant to keep markets open to trade and in- turned small areas like Singapore and Hong vestment. This openness is especially urgent Kong and Taiwan into global economic play- during times of economic strain. Shortly after ers. Today, the success of the world’s largest the stock market crash in 1929, Congress economies comes from their embrace of free passed the Smoot-Hawley Tariff, a protec- markets. tionist measure designed to wall off Amer- Meanwhile, nations that have pursued ica’s economy from global competition. The other models have experienced devastating result was not economic security; it was eco- results. Soviet communism starved millions, nomic ruin. And leaders around the world bankrupted an empire, and collapsed as deci- must keep this example in mind and reject sively as the Berlin Wall. Cuba, once known the temptation of protectionism.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00015 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1420 Nov. 13 / Administration of George W. Bush, 2008

There are clear-cut ways for nations to and Rudolph W. Giuliani of New York City; and demonstrate the commitment to open mar- Raymond W. Kelly, commissioner, New York City kets. The United States Congress has an im- Police Department. The Office of the Press Sec- mediate opportunity by approving free trade retary also released a Spanish language transcript agreements with Colombia, Peru [Panama],* of these remarks. and South Korea. America and other wealthy nations must also ensure this crisis does not Statement on the Klamath River become an excuse to reverse our engagement Basin Conservation Agreement with the developing world. And developing nations should continue policies that foster November 13, 2008 enterprise and investment. As well, all na- tions should pledge to conclude a framework I congratulate the many people of the this year that leads to a successful Doha Klamath River Basin in Oregon and Cali- agreement. fornia who recently put forward a shared vi- We’re facing this challenge together, and sion for conservation of the river. The agree- we’re going to get through it together. The ment my administration announced today United States is determined to show the way with Oregon, California, and PacifiCorp, the back to economic growth and prosperity. I company that owns four hydropower dams know some may question whether America’s on the Klamath River, will advance that vi- leadership in the global economy will con- sion. Federal, State, and private partners will tinue. The world can be confident that it will, now begin studying the feasibility of remov- because our markets are flexible, and we can ing four hydropower dams on the river. This rebound from setbacks. We saw that resil- is the first phase of a long-term conservation ience in the 1940s, when America pulled program for upriver salmon habitats. itself out of Depression, marshaled a power- This agreement turns what was a conflict ful army, and helped save the world from into a conservation success. For years, there tyranny. We saw that resilience in the 1980s, had been disagreement among irrigators, when Americans overcame gas lines, turned States, tribes, conservationists, and others. stagflation into strong economic growth, and Beginning with the drought of 2001, the won the cold war. We saw that resilience community, working in partnership with the after September the 11th, 2001, when our Federal Government, rallied together to find Nation recovered from a brutal attack, revi- a long-term solution. Since 2002, my admin- talized our shaken economy, and rallied the istration has requested and Congress has pro- forces of freedom in the great ideological vided approximately $90 million annually— struggle of the 21st century. a total of more than $500 million—for Klam- The world will see the resilience of Amer- ath Basin activities. Working together, the ica once again. We will work with our part- Federal Government and its partners have ners to correct the problems in the global restored irrigation and more than 10,000 financial system. We will rebuild our eco- acres of fish habitat and banked for conserva- nomic strength, and we will continue to lead tion more than 800,000 acre-feet of water. the world toward prosperity and peace. These actions have provided adequate water Thanks for coming, and God bless. for farmers while also helping species re- cover. NOTE: The President spoke at 1:58 p.m. at the Federal Hall National Memorial. In his remarks, Together we have produced an agreement he referred to Lawrence J. Mone, president, Man- that will greatly reduce the risk of future hattan Institute; former Mayors Edward I. Koch shutdowns of the irrigation system. I applaud this example of cooperative conservation and * White House correction. thank everyone who worked to bring it about.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00016 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST Administration of George W. Bush, 2008 / Nov. 14 1421

Proclamation 8319—America States of America the two hundred and thir- Recycles Day, 2008 ty-third. November 14, 2008 George W. Bush By the President of the United States [Filed with the Office of the Federal Register, of America 8:45 a.m., November 18, 2008]

A Proclamation NOTE: This proclamation will be published in the On America Recycles Day, we highlight Federal Register on November 19. the importance of recycling as a way to safe- guard and protect the environment and pre- The President’s Radio Address serve our precious natural resources. November 14, 2008 We live in a country of splendor and beau- ty, and no matter which State each of us calls Good morning. This weekend, I am home, we all have a responsibility to practice hosting a summit on the global financial crisis good environmental stewardship. It is in our with leaders of developed and developing na- Nation’s best interest that government, busi- tions. By working together, I’m confident nesses, community organizations, and indi- that with time we can overcome this crisis viduals work together to conserve our natural and return our economies to the path of resources. The Environmental Protection growth and vitality. Agency, through its Resource Conservation I know many of you listening are worried Challenge, is encouraging communities to in- about the challenges facing our economy. crease recycling collection. Through the Stock market declines have eroded the value Plug-In To eCycling Campaign, we are work- of retirement accounts and pension funds. ing to make it easier for Americans to donate The tightening of credit has made it harder or safely recycle old electronics, including for families to borrow money for cars, homes, TVs, computers, and cell phones. By recy- and education. Businesses have found it cling we can strengthen local economies, re- harder to get loans to expand their operations duce greenhouse gases, conserve natural re- and create jobs. Many nations have suffered sources, and save landfill space. Using our job losses and have serious concerns about resources wisely, we can make our commu- the worsening economy. nities more livable and our world a cleaner Nations around the world have responded place for our children and grandchildren. to this situation with bold measures, and our On this day, we remember our opportunity actions are having an impact. Credit markets to preserve the great American landscape are beginning to thaw, and businesses are through recycling. By continuing to work to- gaining access to essential short-term financ- gether, we can maintain and enjoy the beauty ing. It will require more time for these im- of our land for generations to come. provements to fully take hold, and there will Now, Therefore, I, George W. Bush, be more difficult days ahead. But the United President of the United States of America, States and our partners are taking the right by virtue of the authority vested in me by steps to get through the crisis. the Constitution and laws of the United As we address the current crisis, we also States, do hereby proclaim November 15, need to make broader reforms to adapt our 2008, as America Recycles Day. I call upon financial systems to the 21st century. So dur- the people of the United States to observe ing this summit, I will work with other lead- this day with appropriate programs and ac- ers to establish principles for reform, such tivities. as making markets more transparent and en- In Witness Whereof, I have hereunto set suring that markets, firms, and financial my hand this fourteenth day of November, products are properly regulated. in the year of our Lord two thousand eight, All these steps will require decisive actions and of the Independence of the United from governments around the world. At the

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00017 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1422 Nov. 14 / Administration of George W. Bush, 2008

same time, we must recognize that govern- Office of the Press Secretary also released a Span- ment intervention is not a cure-all. While re- ish language transcript of this address. forms in the financial sector are essential, the long-term solution to today’s problems is sus- tained economic growth. And the surest path to that growth is free markets and free peo- ple. Digest of Other This is a decisive moment for the global White House Announcements economy. In the wake of the financial crisis, voices from the left and right are equating The following list includes the President’s public the free enterprise system with greed, exploi- schedule and other items of general interest an- tation, and failure. It is true that this crisis nounced by the Office of the Press Secretary and included failures by lenders and borrowers, not included elsewhere in this issue. by financial firms, by governments, and inde- pendent regulators. But the crisis was not a failure of the free market system. And the November 8 answer is not to try to reinvent that system. In the morning, the President had an intel- It is to fix the problems we face, make the ligence briefing. reforms we need, and move forward with the free market principles that have delivered November 10 prosperity and hope to people around the In the morning, the President had an intel- world. ligence briefing. He then traveled to the Na- The benefits of free market capitalism tional Naval Medical Center in Bethesda, have been proven across time, geography, MD, where he visited with wounded U.S. and culture. Around the world, free market military personnel and presented Purple capitalism has allowed once impoverished Heart medals to six service members. Later, nations to develop large and prosperous he returned to Washington, DC. economies. And here at home, free market In the afternoon, on the South Portico, the capitalism is what transformed America from President and Mrs. Bush greeted President- a rugged frontier to the greatest economic elect Barack Obama and his wife, Michelle. power in history. Then, in the Diplomatic Reception Room, Just as important as maintaining free mar- they all met with Rear Adm. Stephen W. kets within countries is maintaining the free Rochon, USCG (Ret.), Director of the Exec- movement of goods and services between utive Residence and Chief Usher. Later, in countries. There are many ways for nations the Oval Office, he met with President-elect to demonstrate their commitment to open Obama. markets. The United States Congress can The White House announced that the take the lead by approving free trade agree- President will welcome Crown Prince of Abu ments with Colombia, Panama, and South Dhabi Sheikh Mohammed bin Zayed Al Korea before adjourning for the year. Nahyan to Camp David, MD, on November In the long run, Americans can be con- 16. fident in the future of our economy. We will The President announced the designation work with our partners around the world to of the following individuals as members of address the problems in the global financial a Presidential delegation to attend the Baku system. We will strengthen our economy, and Energy Summit in Baku, Azerbaijan, on No- we will continue to lead the world toward vember 14: Samuel W. Bodman (head of del- prosperity and peace. egation); Anne E. Derse; and C. Boyden Thank you for listening. Gray. NOTE: The address was recorded at 7:50 a.m. on The President announced the designation November 14 in the Cabinet Room at the White of Robert O. Blake, Jr., as his representative House for broadcast at 10:06 a.m. on November to attend the inauguration of President-elect 15. The transcript was made available by the Of- Mohamed Nasheed of Maldives in Male, fice of the Press Secretary on November 14. The Maldives, on November 11.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00018 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST Administration of George W. Bush, 2008 1423

The President announced his intention to eled to Wall Street, where he was joined by nominate Michael J. Green to be U.S. Spe- Mrs. Bush. cial Representative and Policy Coordinator Later in the afternoon, the President and for Burma with the rank of Ambassador. Mrs. Bush returned to Washington, DC. The President announced his intention to The President declared a major disaster in designate John Kim Cook as Small State and Missouri and ordered Federal aid to supple- Rural Advocate at the Federal Emergency ment State and local recovery efforts in the Management Agency at the Department of area struck by severe storms, flooding, and Homeland Security. a tornado from September 11–24. The President announced his intention to November 11 appoint Cornelius Williams Ruth as Commis- In the morning, the President had an intel- sioner of the U.S. Section of the Inter- ligence briefing. Later, he and Mrs. Bush national Boundary and Water Commission traveled to New York City. While en route (United States and Mexico). aboard Air Force One, he met with CPO The President announced his intention to Shenequa Cox, USN; PO1 Christopher O. appoint R. Bruce LaBoon as a member of Hutto, USCG; S. Sgt. Michael Noyce-Me- the Board of Directors of the Mickey Leland rino, USA; SrA. Alicia Goetschel, USAF; and National Urban Air Toxics Research Center. Sgt. John Badon, USMC. The President announced his intention to Later in the morning, the President and designate Deborah Garza as Acting Assistant Mrs. Bush toured the Intrepid Sea, Air & Attorney General (Antitrust Division) at the Space Museum. During the visit they met Department of Justice. with USA Freedom Corps volunteer Peter Cea. In the afternoon, the President met with November 14 family members of military personnel killed In the morning, the President had an intel- in Afghanistan and Iraq. He then partici- ligence briefing. pated in an interview with CNN. Later, he In the evening, on the North Portico, the and Mrs. Bush returned to Washington, DC. President greeted world leaders participating in the summit on Financial Markets and the November 12 World Economy. Later, in the State Dining In the morning, the President had an intel- Room, he hosted a working dinner for the ligence briefing. Later, he and Mrs. Bush leaders. participated in the taping of an interview The President announced his intention to with Dorothy Bush Koch for StoryCorps. nominate Neil M. Barofsky to be Special In- spector General for the Troubled Asset Re- November 13 lief Program at the Department of the Treas- ury. In the morning, the President had an intel- ligence briefing. Later, he and Mrs. Bush The President announced his intention to traveled to New York City, where, upon ar- nominate Steve A. Linick to be Inspector rival, he met with USA Freedom Corps vol- General of the Federal Housing Finance unteer Jane Cosco. They then traveled to Agency. United Nations Headquarters. Later in the morning, the President par- ticipated in a photo opportunity and met with Secretary-General Ban Ki-moon of the United Nations. Later, he traveled to the Nominations New York Palace Hotel. Submitted to the Senate In the afternoon, the President met with King Abdallah bin Abd al-Aziz Al Saud of Saudi Arabia. He then traveled to the Fed- NOTE: No nominations were submitted to the eral Hall National Memorial. Later, he trav- Senate during the period covered by this issue.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00019 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST 1424 Administration of George W. Bush, 2008

Checklist Released November 13 of White House Press Releases Transcript of a press gaggle by Deputy Press Secretary Gordon Johndroe The following list contains releases of the Office Statement by the Deputy Press Secretary on of the Press Secretary that are neither printed as disaster assistance to Missouri items nor covered by entries in the Digest of Other White House Announcements. Advance text of the President’s remarks to the Manhattan Institute Released November 10 Transcript of a press briefing by Press Sec- Released November 14 retary Dana Perino Transcript of a press briefing by Press Sec- Statement by the Press Secretary: Visit of retary Dana Perino Crown Prince of Abu Dhabi Statement by the Press Secretary: President Released November 11 Bush Welcomes World Leaders to the Sum- mit on Financial Markets and the World Transcript of a press gaggle by Press Sec- Economy retary Dana Perino Released November 12 Transcript of a press briefing by Press Sec- retary Dana Perino Acts Approved Transcript of a press briefing by Deputy Na- by the President tional Security Adviser for International Eco- nomic Affairs Daniel M. Price and Under Secretary of the Treasury for International NOTE: No acts approved by the President were Affairs David H. McCormick on the financial received by the Office of the Federal Register markets and world economy summit during the period covered by this issue.

VerDate Aug 31 2005 11:19 Nov 18, 2008 Jkt 217250 PO 00000 Frm 00020 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P45NOT4.014 P45NOT4 dwashington3 on PRODPC61 with PRESDOCST