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Remarks at a Swearing-In Ceremony for James B. Peake As Secretary Of

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Remarks at a Swearing-In Ceremony for James B. Peake As Secretary Of 1626 Dec. 20 / Administration of George W. Bush, 2007 businesses create most of the growth in our they pass that free trade agreement with economy, most of the job growth. And a sure Korea. It’s in our interests we do so. way to stop that from happening is to take But, no, I understand that people are— money out of their treasury. when they write down their assets, they may So I’m a strong believer that tax cuts work, need to get a little extra capital on their bal- and we need to keep taxes low. ance sheets. And it doesn’t trouble me at all; Yes, sir. Dow Jones man [Henry ‘‘Jay’’ it doesn’t. What troubles me is the fact that Pulizzi, Dow Jones Newsletter]. How’s the they—is that some of this paper isn’t worth market? what people thought it was, and it’s going Q. I don’t know. I’ll check. to have to work through the system. The President. Okay. Good. Thanks. Listen, thank you all. Have a wonderful holiday season. Appreciate it. U.S. Financial Markets/Foreign Investors NOTE: The President’s news conference began at Q. The mortgage crisis is leading some of 10:01 a.m. in the James S. Brady Press Briefing the Nation’s biggest financial institutions to Room at the White House. In his remarks, he seek investments from funds that are con- referred to Gen. Dan K. McNeill, USA, Com- trolled by foreign governments. Is that some- mander, International Security Assistance Force, thing that concerns you? NATO, Afghanistan; President Hamid Karzai of The President. No, I like to get our Afghanistan; President Bashar al-Asad of Syria; money back. I think the world that is open and President-elect Lee Myung-bak of South Korea. A reporter referred to President Nicolas for investment and trade is a world that will Sarkozy of France. The Office of the Press Sec- lead to overall prosperity. It’s interesting that retary also released a Spanish language transcript they’re going to have to do that. My attitude of this news conference. is, is that Wall Street needs to put all their— put it all out there for everybody to see. They need to have the—off-balance sheet this and Remarks at a Swearing-In Ceremony put out there for investors to take a look at. for James B. Peake as Secretary of And if there’s some write-downs to be done, Veterans Affairs they need to do it now. December 20, 2007 And so I’m fine with capital coming in from overseas to help bolster financial insti- The President. Good morning. Thanks for tutions; I don’t think it’s a problem. I think the warm welcome to the Department of what will be a problem is to say, we’re not Veterans Affairs. I am proud to introduce going to accept foreign capital, or we’re not your new Secretary, Lieutenant General going to open markets, or we become protec- James Peake. And I am pleased to be joined tionists. Protectionism would be a huge mis- by his wife, Janice, and daughter Kimberly, take for this country. And what’s going to and her husband, Mack. I know they’re be an interesting test next year on whether proud of what Jim has accomplished during or not we’re going to be a country that trades his career, and I thank them for supporting with others and opens up markets is these him in his work ahead. free trade votes. I applaud the Congress for I thank the Vice President for joining me passing the Peruvian free trade deal. But we today. We had a long ride over here, Jim. got some votes coming up with Colombia. [Laughter] Plenty of time to visit. [Laughter] That’s going to be an interesting test to deter- I want to thank the Secretary for joining us— mine whether or not we remain—that we re- Secretary of Defense Bob Gates; honored main an open economy and that we expect you’re here, sir. Appreciate Elaine Chao, others to treat us the way we treat them. Secretary of Labor; Deputy Secretary Gor- And I spoke this morning to the President- don Mansfield—I’m going to say something elect of South Korea. And the people there about you here in a minute. I appreciate Ad- are going to be watching very carefully as miral Thad Allen, Commandant of the U.S. to whether or not our Congress understands Coast Guard, for joining us. Thanks for com- the importance of the relationship and that ing, Admiral; General Dick Cody, Vice Chief VerDate Aug 31 2005 11:36 Dec 27, 2007 Jkt 214250 PO 00000 Frm 00028 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P51DET4.021 P51DET4 rfrederick on PROD1PC67 with PRESDOCST Administration of George W. Bush, 2007 / Dec. 20 1627 of Staff of the United States Army. I appre- of service. His mother was an Army nurse. ciate all those who wear the uniform who His father was an Army officer, who spent have joined us today as well. most of his 30-year career in the Medical I want to thank Arlen Specter, United Service Corps. And I know they both would States Senator, for joining us. Senator, thanks be proud to see their oldest son, Jim, become for coming. And my Congressman, the Con- the Secretary of Veterans Affairs. gressman from central Texas, Congressman Dr. Peake follows in the footsteps of an- Chet Edwards, chairman of the Military Con- other fine public servant and Vietnam com- struction and Veterans Affairs Appropriations bat veteran, Secretary Jim Nicholson. Subcommittee; proud you’re here. Throughout his career, Jim Nicholson has I want to thank the members of veterans served our Nation with honor and integrity— service organizations who are with us today. as an Army Ranger, an ambassador, and as Audience member. Hoorah! [Laughter] Secretary of Veterans Affairs. Secretary The President. Looking forward to work- Nicholson built on the fine record of his ing with you. [Laughter] And behave your- predecessor, Tony Principi—Mr. Secretary, self. [Laughter] glad you’re here today—and he leaves an im- The Secretary of Veterans Affairs has one pressive legacy of his own. Under his leader- of the most important jobs in our Govern- ship, this Department has worked to meet ment. The Secretary leads a Department of the needs of new veterans returning home more than 240,000 employees, and I want from Afghanistan and Iraq. Secretary Nichol- to thank every one of them for serving our son also launched an effort to modernize the country; appreciate your hard work. The Sec- Department’s information technology sys- retary is charged with a solemn responsi- tems, so we can better protect patients’ per- bility, to ensure our Nation’s veterans receive sonal information. I want to thank Jim for the care and the benefits they deserve. his work on behalf of our Nation’s veterans, Dr. Jim Peake has the skills and experience and I wish him and his wife Suzanne all the to carry out this mission. He is both the first very best. physician and the first general to lead this I also want to thank Deputy Secretary Gor- Department. His 36-year medical career has don Mansfield. He served as the Acting Sec- taken him to military bases across the world. retary for Veterans Affairs since October. And during the opening years of the war on Gordon is a retired Army officer who has terror, he directed the Army Medical De- dedicated much of his career to serving his partment as Army Surgeon General. In that fellow veterans. I’ve benefited from Gordon’s position, he led more than 55,000 medical wisdom and counsel, and he did a terrific personnel and managed an operating budget job as Acting Secretary during this time of of nearly $5 billion. Throughout his long ca- transition. reer, Dr. Peake has worked to improve the Dr. Peake takes office at a critical moment way we deliver medical care to our troops. in the history of this Department. Our Na- And thanks to his efforts, many who once tion is at war, and many new veterans are might have died on the battlefield have re- leaving the battlefield and entering the VA turned home to live lives of hope and prom- system. This system provides our veterans ise. with the finest care, but sometimes the bu- We see this hope and promise in the story reaucracy can be difficult. To address these of Dr. Peake’s own life. Dr. Peake’s first stay problems, our administration, along with the at a military hospital came years before he Secretary’s leadership, is implementing rec- entered his—earned his medical degree at ommendations of the Dole-Shalala Commis- Cornell. It came as a wounded patient during sion on Wounded Warriors. In other words, the Vietnam war. This West Point graduate we’re not going to tolerate bureaucratic received several medals for his valor, includ- delays. We want the very best for our vet- ing the Silver Star; he earned a reputation erans. Some of the Commission’s rec- for honor and selflessness. ommendations require the approval of Con- Dr. Peake learned those values from his gress—and Congressman and Senator, we’re loving parents who taught him the meaning looking forward to working with you on VerDate Aug 31 2005 11:36 Dec 27, 2007 Jkt 214250 PO 00000 Frm 00029 Fmt 1244 Sfmt 1244 E:\PRESDOCS\P51DET4.021 P51DET4 rfrederick on PROD1PC67 with PRESDOCST 1628 Dec.
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