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Electronic Industries Association, 3/15/89 [2]
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Document No. 015848
WHITE HOUSE STAFFING MEMORANDUM
3/11/89
DATE:
ACTION/CONCURRENCE/COMMENT DUE BY: NOON, MONDAY, 3/13/89
PRESIDENTIAL REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
SUBJECT:
(3/10 - 8:00 p.m. draft)
ACTION FYI
ACTION FYI
VICE PRESIDENT
MCCLURE
SUNUNU
NEWMAN
SCOWCROFT
PORTER
DARMAN
STUDDERT
BATES
UNTERMEYER
BREEDEN
ROGERS
CARD
PINKERTON
CICCONI
WINSTON
DEMAREST
GRAHAM
FITZWATER
GRAY
HAGIN
REMARKS:
Please provide cmts/edits directly to Chriss Winston, Rm. 122, x2930
by NOON, MONDAY, 3/13/89, with an info copy to my office.
Thank you.
RESPONSE. DAee our suggestions on pages 1,2,3,4,5,6, and 8.
2
see also our suggestions for page 7, attached
James W. Cicconi
Assistant to the President
and Deputy to the Chief of Staff
Ext. 2702
INSERT A, for page 7.
With a clear understanding of our objectives and consistency in
our approach, we can use the strength of our technology and
industry, together with access to our great market, to encourage
other countries to open their markets to us just as we have
opened our market to them.
We also want to build on the more than 130 industrial
research consortia that have been formed since the National
Cooperative Research Act was passed in 1984. We need to follow
that act with further initiatives that will allow our industries
to work together in product development and manufacture when such
cooperation will make the United States more able to compete
against large industrial groups in other countries.
7
innovation. Our proposal will increase domestic research by
multinationals, and end the uncertainty of expiring temporary
rules. We also need to insist that intellectual properties and
accomplishments be respected everywhere.
These steps invest in America's future. They will encourage
progress, stability, and public confidence. And so will
investments, for instance, in education, in the environment,
in our most precious resource, our kids, and in space.
As a Texan, I know, first-hand, the role of space
exploration. I know of your industries' involvement, and your
role in its success. Our budget allocates $2.4 billion for the
affordable access to space through the National Aero-Space Plane program and
Space Program. It supports b flight rate of nine Space Shuttle
flights by 1990. It funds Space Station Freedom, planned for
operation by the mid-1990s.
I
also want to elevate the status of
the President's Science Advisor to that of the National Security
Advisor
Like America, space embodies freedom; we must help both
reach unexplored frontiers. Toward that end, let us invest in
the Superconducting Super Collider, which celebrates the fusion
of science, technology, and education. Let us expand free trade
-- free, but fair trade -- which will leverage America's
technological prowess in such areas as microcomputers, automative
INSERT A
electronics, electronic tubes, and high-definition TV. And let
us assist the National Science Foundation. I intend to double
its budget by 1993, and to develop engineering and scientific
Redone
- see highlighed yellow
March 13, 1989
areas.
3/13/89
MEMORANDUM FOR JIM CICCONI
4:25 P.M.
FROM;
DENISE SCHWARZ D&
OFFICE OF CABINET AFFAIRS
SUBJECT;
PRESIDENTIAL REMARKS; ELECTRONIC INDUSTRIES
ASSOCIATION, MARCH 15, 1989
LOG #015848
We have reviewed the attached and have attached a suggested
paragraph to be incorporated into the speech from the Department
of Commerce.
Also, Treasury has incorporated a couple of comments
throughout the speech.
CC: Chriss Winston
Attachment
03/13/89
13:52
DOC TRANSITION
002
/
a
/
UNITED STATES DEPARTMENT OF COMMERCE
/
Office of the Secretary
Washington, D.C. 20230
2 /
Suggested paragraph for the President's remarks to the Electronics
Industries Association.
"I have asked my friend, Sccretary of Commerce Bob Mosbacher, to
review all options facing us in the area of high definition
television. I know that he spoke to you this afternoon on this
matter. He knows of its significance and I am looking to him for
recommendations on how to proceed."
Document No. 015848
WHITE HOUSE STAFFING MEMORANDUM
3/11/89
DATE:
ACTION/CONCURRENCE/COMMENT DUE BY: NOON, MONDAY, 3/13/89
PRESIDENTIAL REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
SUBJECT:
(3/10 - 8:00 P m draft)
ACTION FYI
ACTION FYI
VICE PRESIDENT
MCCLURE
SUNUNU
NEWMAN
SCOWCROFT
PORTER
DARMAN
STUDDERT
BATES
UNTERMEYER
BREEDEN
ROGERS
CARD
PINKERTON
CICCONI
WINSTON
DEMAREST
GRAHAM
FITZWATER
GRAY
HAGIN
REMARKS:
Please provide cmts/edits directly to Chriss Winston, Rm. 122, x29:
by NOON, MONDAY, 3/13/89, with an info copy to my office.
Thank you.
RESPONSE:
James W. Cicconi
Assistant to the President
and Deputy to the Chief of Staff
Ext. 2702
(Smith/Dooley)
March 10, 1989
1003 NAR I 8:00 "Jy
REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
Members of the Electronic Industries Association, honored
guests, ladies and gentlemen, friends.
You know, twelve years ago John Ralston resigned as head
coach of football's Denver Broncos. "I left because of illness
and fatigue," he explained. "The fans were sick and tired of
me."
Tonight, accordingly, I promise not to speak overtime!
Instead, I want to thank you for that introduction, and for the
warmth of your reception.
Let me first congratulate this year's EIA Medal of Honor
recipient, Sidney Topol (TOE-pull). And I want also to say a
word about this organization, the oldest and largest exploring
the new horizons of America's technological future.
Today, nearly two million Americans work in the electronics
industry. You are leading America's newest industrial
revolution. And you're helping us outwork and outperform any
competitor in the world.
2
You know, Barbara is from New York, and I often kid her
about the definition of a New Yorker: "Someone who meets his
neighbors by seeing them in Florida."
Well, tonight we meet as neighbors, and as fellow
businessmen. Our goal is a fairer, more just, and richer life:
Not merely in our time, but for generations to come.
A richer life can mean many things.
It means education and opportunity. It means a Nation of
responsive citizens -- not only willing but eager to share. And
it means the economic development which makes that sharing
possible. For prosperity depends on growth, and growth depends
on freedom.
My friends, the freedom to dare, risk, and defy the odds
forms the heart of private enterprise, just as private enterprise
is central to America.
Freedom allows us to raise our horizons. Freedom can give
our children a better land than we, ourselves, inherited. But to
preserve it, we must protect it. I have proposed four objectives
to do just that: first, reduce the deficit; second, invest in
America's future; third, find solutions to an urgent set of
priorities; and, last but not least, no new taxes.
3
Reducing the deficit will free our children from interest
debt which haunts their future. Investing in that future will
free them to serve the general interests of America. Focusing on
selective priorities will free government to marshal its
resources. And no new taxes is as All-American as dumping tea
into Boston Harbor.
These objectives will build on the progress of the last
eight years. They will reaffirm our strengths, defuse ticking
time-bombs, and re-orient us as a Nation. Above all, they form a
new approach which looks to tomorrow, not today.
Yes, America faces immediate problems -- ocean dumping, the
homeless, illiteracy. And, yes, I pledge to you: We will
address them now -- not somewhere down the line. But as we do,
let us move beyond the immediate. For, today, America is
prosperous and at peace. Some might say that, today, for the
first time since the mid-1960s, we face no crises, foreign or
domestic -- challenges, yes, but not calamities -- no Viet Nam or
rampant unemployment, no energy shortages, no double-digit
inflation.
We must recognize that we stand at a special moment in our
history. A moment which may afford America a most precious
gift: the gift of time
not for complacency
not to
sit back and reflect upon what has been
but to reflect upon
what might be. Time to take stock; time to think, calmly,
4
prudently; time to avoid mistakes, and ensure this nation's
destiny. Will we use that time? Will we seize our moment? We
will, and we must.
Our new approach says that government, like business, cannot
mortgage the future to engage in self-indulgence. It says that
government can do much, but not everything -- that we must
identify what's necessary to keep us Number One. It says that
the decisions we make, and the direction we choose, will
determine the kind of America in which our children and their
children live.
As President, I am committed to this new approach. That is
why, last month, I proposed a budget to cut the Federal deficit,
help ensure our financial future, and, thus, enhance business'
ability to plan, expand, and build. And I proposed to cut that
deficit not by increasing America's taxes, but by enlarging the
American Pie and keeping spending under control.
My friends, next year alone, thanks to economic growth,
Federal tax revenues will rise by more than $80 billion -- yes,
more than $80 billion, with no new taxes. Our budget seeks to
use that money to slash the Federal deficit by more than
excluding $75 asset sale more
billion. That will reduce the deficit to $91 billion, nearly
$
that
5
billion below the target mandated by Graham-Rudman-Hollings.
As you know, we have begun the budget process. The
Administration has acted; now, it is up to the Congress to
5
respond. And I'm confident that it will, for no one has termed
our budget "Dead on arrival." Our task is to keep the momentum
going, and growing. Only then can we create the investment so
crucial to America: to increase new jobs; to unlock new markets;
and, yes, to unleash new technologies.
Again, a new approach -- in policy and attitude. For we
Americans are restless, never satisfied: We look to next week,
next year, not to the year 2000. We care that our baseball team
wins the pennant; we care less that its farm system is bursting
at the seams. Casey Stengel once said, "If you can't imitate
him, don't copy him. Well, as Americans, we don't have to
imitate anyone, nor apologize for our ambition. We are
go-getters, and our genius has enriched mankind.
Government's role--its challenge--is to utilize that genius.
For government must look beyond today. By meeting challenges, it
can prevent them from becoming crises. Last year, a large survey
of CEOs revealed that while American business leaders are
inherently optmistic, they believe -- in this poll, by nine to
one -- that we are too short-term oriented. Our budget speaks to
the long-term, and to a stable business climate. It says "Yes"
to America's standard of living, and to her future standing in
the world.
My friends, America's future will need our courage,
creativity, and, most of all, investments. And let me remind you
6
that while I'm referring to economic investments, they can
benefit America socially, culturally, racially, morally. Each
investment can define us as a people. Each can enhance that
moment which comes only once in a thousand years--the beginning
of a new millennium. In 1978 this organization following the
leadership of Congresoman Bill striger work to reduce the
capital itself. gains tax and the results of that action Speaks for
For instance, there is the investment that will result from
Today we must fight that Gattle again.
cutting the maximum tax rate on capital gains. Our budget
long held assets.
supports reducing it to 15 per cent on, investments held for a
year or more
Keep in mind that the economies of the Pacific Rim -- the
"four" dragons" of Hong Kong, Singapore, Taiwan, and South Korea
-- exempt capital gains from taxes; and our second-biggest
trading partner, Japan, didn tax them at all during her
Searcely ed
meteoric rise.
Well, we can learn from our competitors, and also from our
past. History is clear: Restoring the capital gains
differential will lift revenues, help savings, and free American
businesses, without distorting world markets.
Since December 1982, we've created 19 million new jobs in
this country -- five times the number created in Japan. We want
to do still better. Accordingly, our budget recommends a
permanent extension of the Research and Experimentation tax
andimproving reasearch and experimentation ofpense allocation rules;
credit we need to keep America in the forefront of technological
7
innovation. Our proposal will increase domestic research by
multinationals, and end the uncertainty of expiring temporary
rules.
These steps invest in America's future. They will encourage
progress, stability, and public confidence. And so will
investments, for instance, in education, in the environment,
in our most precious resource, our kids, and in space.
As a Texan, I know, first-hand, the role of space
exploration. I know of your industries' involvement, and your
role in its success. Our budget allocates $2.4 billion for the
Space Program. It supports a flight rate of nine Space Shuttle
flights by 1990. It funds Space Station Freedom, planned for
operation by the mid-1990s. I also want to elevate the status of
the President's Science Advisor to that of the National Security
Advisor.
Like America, space embodies freedom; we must help both
reach unexplored frontiers. Toward that end, let us invest in
the Superconducting Super Collider, which celebrates the fusion
of science, technology, and education. Let us expand free trade
-- free, but fair trade -- which will leverage America's
technological prowess in such areas as microcomputers, automative
electronics, electronic tubes, and high-definition TV. And let
us assist the National Science Foundation. I intend to double
its budget by 1993, and to develop engineering and scientific
8
research centers which link university, government, and industry
labs.
Investments, all, in research and development: Not some
river-boat gamble in a distant future, but a steadfast way to
ensure the future.
And, remember: That future will depend, above all, on
America's children. By investing in them, we can shape America's
dreams of the Twenty-First Century.
Our budget proposes a new child care initiative which
increases options for working parents -- a church can help, or
grandparents, or professional nursery.
Our budget mobilizes resources to teach our children that
drugs are wrong. And we have created the YES Program -- or Youth
Entering Service -- to involve our kids in their communities. We
want to help them understand that a successful life must include
serving others.
But most of all, investment means education. For if
excellence breeds achievement, then excellence must be rewarded
-- in grade school, in high school, and at our colleges and
universities.
9
Consider that between global competition and advancing
technology, the demand for skilled technical professionals will
grow 40 per cent in the coming decade. Yet, the NSF predicts a
shortage of 400,000 scientists 11 years from now. Today, the
number of students who graduate from high school with the skills
to succeed in science- and math-based study is too small to meet
industry's need. Our trading partners produce more engineers per
capita than we do. And these nations' secondary-school students
outperform ours in international math and science tests of
ability.
That is why I want Congress to create a $500-million program
to reward America's "merit schools" -- the schools which improve
the most. I intend to create special Presidential awards in every
State. And I urge expanded use of magnet schools -- giving
parents and teachers the freedom of choice.
I propose a program to spur "alternative certification" --
allowing talented Americans from every field, especially science
and mathematics, to teach in America's classrooms. And through a
program of National Science Scholars, I want to give America's
youth a special incentive to excel in math and science.
We must invest, as well, in minority students; our budget
proposes $60 million over four years in endowment matching grants
for historically black colleges and universities. Many of these
10
students -- black and white -- will one day choose careers based
in new technology. We must ensure they are prepared.
My friends, our children can make the Twenty-first Century a
new American Century. So let us help them, guide them, as free
men and women. And let us understand that we are one
community--proud, united, and unafraid of the future.
I found that out in Texas, after Barbara and I packed our
belongings, moved halfway across the country, and founded an oil
company with 250 workers.
It was there that I learned about the people, problems, and
priorities of industry. I made right decisions, and wrong ones.
And I learned how our fate is not divisible: That to build a
company, like to head a family, we must give of, not merely to,
ourselves.
The business of America isn't only business.
The business of business is America.
Albert Einstein said, "Everything that is really great and
inspiring is created by individuals who labor in freedom."
11
For more than 200 years, Americans have invested their
labor, their talent, their compassion, and their vision to
preserve freedom, seize the moment, and sustain our way of
life.
I ask you: With America's tomorrow at stake, can we do any
less today?
Thank you for inviting me. Thank you so very much. God bless
you all, and God bless the United States of America.
Document No. 015848
1611
WHITE HOUSE STAFFING MEMORANDUM
3/11/89
DATE:
ACTION/CONCURRENCE/COMMENT DUE BY: NOON, MONDAY, 3/13/89
PRESIDENTIAL REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
SUBJECT:
(3/10 - 8:00 p.m. draft)
ACTION FYI
ACTION FYI
VICE PRESIDENT
MCCLURE
SUNUNU
NEWMAN
SCOWCROFT
PORTER
DARMAN
STUDDERT
BATES
UNTERMEYER
BREEDEN
ROGERS
CARD
PINKERTON
CICCONI
WINSTON
DEMAREST
GRAHAM
FITZWATER
GRAY
HAGIN
REMARKS:
Please provide cmts/edits directly to Chriss Winston, Rm. 122, x2930,
by NOON, MONDAY, 3/13/89, with an info copy to my office.
Thank you.
RESPONSE:
March 13, 1989
TO: Chriss Winston
NSC concurs, with one minor fix on page 6 as marked.
Brent R Sates for Scowcroft
James W. Cicconi
Assistant to the President
and Deputy to the Chief of Staff
CC: J.W.Cicconi
Ext. 2702
(Smith/Dooley)
March 10, 1989
1989 MAR I 8 00 Till B 09
REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
Members of the Electronic Industries Association, honored
guests, ladies and gentlemen, friends.
You know, twelve years ago John Ralston resigned as head
coach of football's Denver Broncos. "I left because of illness
and fatigue," he explained. "The fans were sick and tired of
me."
Tonight, accordingly, I promise not to speak overtime!
Instead, I want to thank you for that introduction, and for the
warmth of your reception.
Let me first congratulate this year's EIA Medal of Honor
recipient, Sidney Topol (TOE-pull). And I want also to say a
word about this organization, the oldest and largest exploring
the new horizons of America's technological future.
Today, nearly two million Americans work in the electronics
industry. You are leading America's newest industrial
revolution. And you're helping us outwork and outperform any
competitor in the world.
2
You know, Barbara is from New York, and I often kid her
about the definition of a New Yorker: "Someone who meets his
neighbors by seeing them in Florida."
Well, tonight we meet as neighbors, and as fellow
businessmen. Our goal is a fairer, more just, and richer life:
Not merely in our time, but for generations to come.
A richer life can mean many things.
It means education and opportunity. It means a Nation of
responsive citizens -- not only willing but eager to share. And
it means the economic development which makes that sharing
possible. For prosperity depends on growth, and growth depends
on freedom.
My friends, the freedom to dare, risk, and defy the odds
forms the heart of private enterprise, just as private enterprise
is central to America.
Freedom allows us to raise our horizons. Freedom can give
our children a better land than we, ourselves, inherited. But to
preserve it, we must protect it. I have proposed four objectives
to do just that: first, reduce the deficit; second, invest in
America's future; third, find solutions to an urgent set of
priorities; and, last but not least, no new taxes.
3
Reducing the deficit will free our children from interest
debt which haunts their future. Investing in that future will
free them to serve the general interests of America. Focusing on
selective priorities will free government to marshal its
resources. And no new taxes is as All-American as dumping tea
into Boston Harbor.
These objectives will build on the progress of the last
eight years. They will reaffirm our strengths, defuse ticking
time-bombs, and re-orient us as a Nation. Above all, they form a
new approach which looks to tomorrow, not today.
Yes, America faces immediate problems -- ocean dumping, the
homeless, illiteracy. And, yes, I pledge to you: We will
address them now -- not somewhere down the line. But as we do,
let us move beyond the immediate. For, today, America is
prosperous and at peace. Some might say that, today, for the
first time since the mid-1960s, we face no crises, foreign or
domestic -- challenges, yes, but not calamities -- no Viet Nam or
rampant unemployment, no energy shortages, no double-digit
inflation.
We must recognize that we stand at a special moment in our
history. A moment which may afford America a most precious
gift: the gift of time
not for complacency
not to
sit back and reflect upon what has been
but to reflect upon
what might be. Time to take stock; time to think, calmly,
4
prudently; time to avoid mistakes, and ensure this nation's
destiny. Will we use that time? Will we seize our moment? We
will, and we must.
Our new approach says that government, like business, cannot
mortgage the future to engage in self-indulgence. It says that
government can do much, but not everything -- that we must
identify what's necessary to keep us Number One. It says that
the decisions we make, and the direction we choose, will
determine the kind of America in which our children and their
children live.
As President, I am committed to this new approach. That is
why, last month, I proposed a budget to cut the Federal deficit,
help ensure our financial future, and, thus, enhance business'
ability to plan, expand, and build. And I proposed to cut that
deficit not by increasing America's taxes, but by enlarging the
American Pie and keeping spending under control.
My friends, next year alone, thanks to economic growth,
Federal tax revenues will rise by more than $80 billion -- yes,
more than $80 billion, with no new taxes. Our budget seeks to
use that money to slash the Federal deficit by more than $75
billion. That will reduce the deficit to $91 billion, nearly $4
billion below the target mandated by Graham-Rudman-Hollings.
Às you know, we have begun the budget process. The
Administration has acted; now, it is up to the Congress to
5
respond. And I'm confident that it will, for no one has termed
our budget "Dead on arrival." Our task is to keep the momentum
going, and growing. Only then can we create the investment so
crucial to America: to increase new jobs; to unlock new markets;
and, yes, to unleash new technologies.
Again, a new approach -- in policy and attitude. For we
Americans are restless, never satisfied: We look to next week,
next year, not to the year 2000. We care that our baseball team
wins the pennant; we care less that its farm system is bursting
at the seams. Casey Stengel once said, "If you can't imitate
him, don't copy him." Well, as Americans, we don't have to
imitate anyone, nor apologize for our ambition. We are
go-getters, and our genius has enriched mankind.
Government's role--its challenge--is to utilize that genius.
For government must look beyond today. By meeting challenges, it
can prevent them from becoming crises. Last year, a large survey
of CEOs revealed that while American business leaders are
inherently optmistic, they believe -- in this poll, by nine to
one -- that we are too short-term oriented. Our budget speaks to
the long-term, and to a stable business climate. It says "Yes"
to America's standard of living, and to her future standing in
the world.
My friends, America's future will need our courage,
creativity, and, most of all, investments. And let me remind you
6
that while I'm referring to economic investments, they can
benefit America socially, culturally, racially, morally. Each
investment can define us as a people. Each can enhance that
moment which comes only once in a thousand years--the beginning
of a new millennium.
For instance, there is the investment that will result from
cutting the maximum tax rate on capital gains. Our budget
supports reducing it to 15 per cent on investments held for a
year or more.
Keep in mind that the economies of the Pacific Rim -- the
the Republic of of
"four" dragons" of Hong Kong, Singapore, Taiwan, and South Korea
-- exempt capital gains from taxes; and our second-biggest
trading partner, Japan, didn't tax them at all during her
meteoric rise.
Well, we can learn from our competitors, and also from our
past. History is clear: Restoring the capital gains
differential will lift revenues, help savings, and free American
businesses, without distorting world markets.
Since December 1982, we've created 19 million new jobs in
this country -- five times the number created in Japan. We want
to do still better. Accordingly, our budget recommends a
permanent extension of the Research and Experimentation tax
credit; we need to keep America in the forefront of technological
7
innovation. Our proposal will increase domestic research by
multinationals, and end the uncertainty of expiring temporary
rules.
These steps invest in America's future. They will encourage
progress, stability, and public confidence. And so will
investments, for instance, in education, in the environment,
in our most precious resource, our kids, and in space.
As a Texan, I know, first-hand, the role of space
exploration. I know of your industries' involvement, and your
role in its success. Our budget allocates $2.4 billion for the
Space Program. It supports a flight rate of nine Space Shuttle
flights by 1990. It funds Space Station Freedom, planned for
operation by the mid-1990s. I also want to elevate the status of
the President's Science Advisor to that of the National Security
Advisor.
Like America, space embodies freedom; we must help both
reach unexplored frontiers. Toward that end, let us invest in
the Superconducting Super Collider, which celebrates the fusion
of science, technology, and education. Let us expand free trade
free, but fair trade -- which will leverage America's
technological prowess in such areas as microcomputers, automative
electronics, electronic tubes, and high-definition TV. And let
us assist the National Science Foundation. I intend to double
its budget by 1993, and to develop engineering and scientific
8
research centers which link university, government, and industry
labs.
Investments, all, in research and development: Not some
river-boat gamble in a distant future, but a steadfast way to
ensure the future.
And, remember: That future will depend, above all, on
America's children. By investing in them, we can shape America's
dreams of the Twenty-First Century.
Our budget proposes a new child care initiative which
increases options for working parents -- a church can help, or
grandparents, or professional nursery.
Our budget mobilizes resources to teach our children that
drugs are wrong. And we have created the YES Program -- or Youth
Entering Service -- to involve our kids in their communities. We
want to help them understand that a successful life must include
serving others.
But most of all, investment means education. For if
excellence breeds achievement, then excellence must be rewarded
-- in grade school, in high school, and at our colleges and
universities.
9
Consider that between global competition and advancing
technology, the demand for skilled technical professionals will
grow 40 per cent in the coming decade. Yet, the NSF predicts a
shortage of 400,000 scientists 11 years from now. Today, the
number of students who graduate from high school with the skills
to succeed in science- and math-based study is too small to meet
industry's need. Our trading partners produce more engineers per
capita than we do. And these nations' secondary-school students
outperform ours in international math and science tests of
ability.
That is why I want Congress to create a $500-million program
to reward America's "merit schools" -- the schools which improve
the most. I intend to create special Presidential awards in every
State. And I urge expanded use of magnet schools -- giving
parents and teachers the freedom of choice.
I propose a program to spur "alternative certification" --
allowing talented Americans from every field, especially science
and mathematics, to teach in America's classrooms. And through a
program of National Science Scholars, I want to give America's
youth a special incentive to excel in math and science.
We must invest, as well, in minority students; our budget
proposes $60 million over four years in endowment matching grants
for historically black colleges and universities. Many of these
10
students -- black and white -- will one day choose careers based
in new technology. We must ensure they are prepared.
My friends, our children can make the Twenty-first Century a
new American Century. So let us help them, guide them, as free
men and women. And let us understand that we are one
community--proud, united, and unafraid of the future.
I found that out in Texas, after Barbara and I packed our
belongings, moved halfway across the country, and founded an oil
company with 250 workers.
It was there that I learned about the people, problems, and
priorities of industry. I made right decisions, and wrong ones.
And I learned how our fate is not divisible: That to build a
company, like to head a family, we must give of, not merely to,
ourselves.
The business of America isn't only business.
The business of business is America.
Albert Einstein said, "Everything that is really great and
inspiring is created by individuals who labor in freedom." "
11
For more than 200 years, Americans have invested their
labor, their talent, their compassion, and their vision to
preserve freedom, seize the moment, and sustain our way of
life.
I ask you: With America's tomorrow at stake, can we do any
less today?
Thank you for inviting me. Thank you so very much. God bless
you all, and God bless the United States of America.
Document No. 015848
WHITE HOUSE STAFFING MEMORANDUM
3/11/89
DATE:
ACTION/CONCURRENCE/COMMENT DUE BY: NOON, MONDAY, 3/13/89
PRESIDENTIAL REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
SUBJECT:
(3/10 - 8:00 p.m. draft)
ACTION FYI
ACTION FYI
VICE PRESIDENT
MCCLURE
SUNUNU
NEWMAN
SCOWCROFT
PORTER
DARMAN
STUDDERT
BATES
UNTERMEYER
BREEDEN
ROGERS
CARD
PINKERTON
CICCONI
WINSTON
DEMAREST
GRAHAM
FITZWATER
GRAY
HAGIN
REMARKS:
Please provide cmts/edits directly to Chriss Winston, Rm. 122, x2930,
by NOON, MONDAY, 3/13/89, with an info copy to my office.
Thank you.
RESPONSE: Oh egg
James W. Cicconi
Assistant to the President
and Deputy to the Chief of Staff
Ext. 2702
1
(Smith/Dooley)
March 10, 1989
Draft Five
Suggested Remarks
For President Bush
Electronic Industries Association
March 15, 1989
Members of the Electronic Industries Association, honored
guests, ladies and gentlemen, friends.
You know, twelve years ago John Ralston resigned as head
coach of football's Denver Broncos. "I left because of illness
and fatigue," he explained. "The fans were sick and tired of
me."
Tonight, accordingly, I promise not to speak overtime!
Instead, I want to thank you for that introduction, and for the
warmth of your reception.
Let me first congratulate this year's EIA Medal of Honor
recipient, Sidney Topol (TO-pull). And I want also to say a word
about this organization, the oldest and largest exploring the new
horizons of America's technological future.
Today, nearly two million Americans work in the electronics
industry. You are leading America's newest industrial
revolution. And you're helping us outwork and outperform any
competitor in the world.
2
You know, Barbara is from New York, and I often kid her
about the definition of a New Yorker: "Someone who meets his
neighbors by seeing them in Florida." "
Well, tonight we meet as neighbors, and as fellow
businessmen. Our goal is a fairer, more just, and richer life:
Not merely in our time, but for generations to come.
A richer life can mean many things.
It means education and opportunity. It means a Nation of
responsive citizens -- not only willing but eager to share. And
it means the economic development which makes that sharing
possible. For prosperity depends on growth, and growth depends
on freedom.
My friends, the freedom to dare, risk, and defy the odds
forms the heart of private enterprise, just as private enterprise
is central to America.
Freedom allows us to raise our horizons. Freedom can give
our children a better land than we, ourselves, inherited. But to
preserve it, we must protect it. I have proposed four objectives
to do just that: first, reduce the deficit; second, invest in
America's future; third, find solutions to an urgent set of
priorities; and, last but not least, no new taxes.
3
Reducing the deficit will free our children from interest
debt which haunts their future. Investing in that future will
free them to serve the general interests of America. Focusing on
selective priorities will free government to marshal its
resources. And no new taxes is as All-American as the tea dumped
into Boston Harbor. You remember that sort of an early version
of the EPA.
These objectives will build on the progress of the last
eight years. They will reaffirm our strengths, defuse ticking
time-bombs, and re-orient us as a Nation. Above all, they form a
new approach which looks to tomorrow, not today.
Yes, America faces immediate problems -- unemployment, the
oceas dumping
illiteracy
homeless, the fragility of our banking system. And, yes, I
pledge to you: We will address them now -- not somewhere down
the line. But as we do, let us move beyond the immediate. For,
some
Some might say that
today, America is prosperous and at peace And, today, for the
first time since the mid-1960s, we face no crises, foreign or
domestic -- challenges, yes, but not calamities -- no Viet Nam or
roupout uneuployment
double degit
Watergate, no energy shortages no high inflation.
However, we must recognize that
In short, we stand at a special moment as Americans, and in
amoment which may
our history. This affords America a most precious gift: the
gift of time. Time to take stock; time to think, calmly,
prudently; time to avoid mistakes, and ensure this nation's
not for complacency. not cho sit to reflexupon back and
reflect uponwhat has been boo but what mught
4
Will
destiny. Will we use that time ? and thereby seize our moment?
of course, we will, and must.
A
Our new approach says that government, like business, cannot
mortgage the future to engage in self-indulgence. It says that
government can do much, but not everything -- that we must
identify what's necessary to keep us Number One. It says that
the decisions we make, and the direction we choose, will
determine the kind of America in which our children and their
children live.
As President, I am committed to this new approach. That is
why, last month, I proposed a budget to cut the Federal deficit,
help ensure our financial future, and, thus, enhance business'
ability to plan, expand, and build. And I proposed to cut that
deficit not by increasing America's taxes, but by enlarging the
American Pie and keeping spending under control.
My friends, next year alone, thanks to economic growth,
Federal tax revenues will rise by more than $80 billion -- yes,
more than $80 billion, with no new taxes. Our budget seeks to
use that money to slash the Federal deficit by more than $75
billion. That will reduce the deficit to $91 billion, nearly $4
billion below the target mandated by Graham-Rudman-Hollings.
As you know, we have begun the budget process. The
Administration has acted; now, it is up to the Congress to
5
respond. And I'm confident that it will, for no one has termed
our budget "Dead on arrival." Our task is to keep the momentum
going, and growing. Only then can we create the investment so
crucial to America: to increase new jobs; to unlock new markets;
and, yes, to unleash new technologies.
Again, a new approach -- in policy and attitude. For we
Americans are restless, never satisfied: We look to next week,
next year, not to the year 2000. We care that our baseball team
wins the pennant; we care less that its farm system is bursting
at the seams. Casey Stengel once said, "If you can't imitate
him, don't copy him.' " Well, as Americans, we don't have to
imitate anyone, nor to apologize for our ambition. We are
go-getters, and our genius has enriched mankind.
Government's role--its challenge--is to utilize that genius.
For government must look beyond today; by meeting challenges, it
can prevent them from becoming crises. Last year, a large survey
of CEOs revealed that while American business leaders are
inherently optmistic, they believe -- in this poll, by nine to
one -- that we are too short-term oriented. Our budget speaks to
the long-term, and to a stable business climate. It says "Yes"
to America's standard of living, and to her future standing in
the world.
My friends, America's future will need our courage,
creativity, and, most of all, investments. And let me remind you
6
that while I'm referring to economic investments, they can
benefit America socially, culturally, racially, morally. Each
investment can define us as a people. Each can enhance that
moment which comes only once in a thousand years--the beginning
of a new millennium.
For instance, there is the investment that will result from
cutting the maximum tax rate on capital gains. Our budget
supports reducing it to 15 per cent on investments held for a
year or more.
Keep in mind that the economies of the Pacific Rim -- the
"four" dragons" of Hong Kong, Singapore, Taiwan, and South Korea
-- exempt capital gains from taxes; and our second-biggest
trading partner, Japan, didn't tax them at all during her
meteoric rise.
Well, we can learn from our competitors, and also from our
past. History is clear: Restoring the capital gains
differential will lift revenues, help savings, and free American
businesses, without distorting world markets.
Since December 1982, we've created 19 million new jobs in
this country -- five times the number created in Japan. We want
to do still better. Accordingly, our budget recommends a
permanent extension of the Research and Experimentation tax
credit; we need to keep America in the forefront of technological
7
innovation. Our proposal will increase domestic research by
multinationals, and end the uncertainty of expiring temporary
rules.
These steps invest in America's future. They will encourage
progress, stability, and public confidence. And so will
investments, for instance, in our banking system, in space,
education, and the environment, and in our most precious
resource, our kids.
As you know, the Savings and Loan issue imperils America's
banking system a failure caused by corruption, inefficiency,
and inattention. My friends, we can't put this on the back
burner -- it's simmèred there too long. Instead, we've proposed
a bailout plan which, above all, protects those whose trust has
been so abused. And we/ve asked the Congress to act on our
proposal in the next 45 days.
Solvent S&Ls will help savers and borrowers chart new
horizons on earth. Let us chart them, too, in space
As a Texan, I know, first-hand, the role of space
exploration. I know of your industries' involvement, and your
role in its success. Our budget allocates $2.4 billion for the
Space Program. It supports a flight rate of nine Space Shuttle
flights by 1990. It funds Space Station Freedom, planned for
operation by the mid-1990s. I also want to elevate the status of
8
the President's Science Advisor to that of the National Security
Advisor.
Like America, space embodies freedom; we must help both
reach unexplored frontiers. Toward that end, let us invest in
the Superconducting Super Collider, which celebrates the fusion
of science, technology, and education. Let us expand, as you
have, free trade, yes, but fair trade, which will leverage
America's technological prowess in such areas as microcomputers,
automative electronics, electronic tubes, and high-definition TV.
And let us assist the National Science Foundation. I intend to
double its budget by 1993, and to develop engineering and
scientific research centers which link university, government,
and industry labs.
Investments, all, in research and development: Not some
river-boat gamble in a distant future, but a steadfast way to
ensure the future.
And, remember: That future will depend, above all, on
America's children. By investing in them, we can shape America's
dreams of the Twenty-First Century.
Our budget proposes a new child care initiative which
increases options for working parents -- a church can help, or
grandparents, or professional nursery.
9
Our budget mobilizes resources to teach our children that
drugs are wrong. And we have created the YES Program -- or Youth
Entering Service -- to involve our kids in their communities. We
want to help them understand that a successful life must include
serving others.
But most of all, investment means education. For if
excellence breeds achievement, then excellence must be rewarded
-- in grade school, in high school, and at our colleges and
universities.
Consider that between global competition and advancing
technology, the demand for skilled technical professionals will
grow 40 per cent in the coming decade. Yet, the NSF predicts a
shortage of 400,000 scientists 11 years from now. Today, the
number of students who graduate from high school with the skills
to succeed in science- and math-based study is too small to meet
industry's need. Our trading partners produce more engineers per
capita than we do. And these nations' secondary-school students
outperform ours in international math and science tests of
ability.
That is why I want Congress to create a $500-million program
to reward America's "merit schools" -- the schools which improve
the most. I intend to create special Presidential awards in every
State. And I urge expanded use of magnet schools -- giving
parents and teachers the freedom of choice.
10
I propose a program to spur "alternative certification" --
allowing talented Americans from every field, especially science
and mathematics, to teach in America's classrooms. And through a
program of National Science Scholars, I want to give America's
youth a special incentive to excel in math and science.
We must invest, as well, in minority students; our budget
proposes $60 million over four years in endowment matching grants
for historically black colleges and universities. Many of these
students -- black and white -- will one day choose careers based
in new technology. We must ensure they are prepared.
My friends, our children can make the Twenty-first Century a
new American Century. So let us help them, guide them, as free
men and women. And let us understand that we are one
community--proud, united, and unafraid of the future.
I found that out in Texas, after Barbara and I packed our
belongings, moved halfway across the country, and founded an oil
company with 250 workers.
It was there that I learned about the people, problems, and
priorities of industry. I made right decisions, and wrong ones.
And I learned how our fate is not divisible: That to build a
company, like to head a family, we must give of, not merely to,
ourselves.
11
The business of America isn't only business.
The business of business is America.
Albert Einstein said, "Everything that is really great and
inspiring is created by individuals who labor in freedom."
For more than 200 years, Americans have invested their
labor, their talent, their compassion, and their vision to
preserve freedom, seize the moment, and sustain our way of
life.
I ask you: With America's tomorrow at stake, can we do any
less today?
Thank you for inviting me. Thank you so very much. God bless
you all, and God bless the United States of America.
the white HOUSE
3/13/89
washington
12:00
Bobbie -
Here is the latest
speeds. The due time is
noon, but they inevitably
arrive Late so take more
time especially Since its
late gotting to you!
Kristen
KRISTEN, ON WeDNCSDAY DURING the Day,
PRESIDENT'S CHILD CARE billwiLL submitted
to CONGRESS a he may Do photo of over
IN Cabinet Room ON onth bill. with
relevant Cab.NCT members + HILL
SPONSORS.
Thus, yourry WANT TO beef up
me child CaRe PART ONP 8 by Sulling
pur "Topay I submittes to CONGRESS
win
How IMPORTANT CTC.
Bobbie
sop am incomper
poir Bates $ Porter wor king
on the logistic details
HNO prosep
papers
5/12/86
(Smith/Dooley)
March 10, 1989
8:00 p.m.
REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
Members of the Electronic Industries Association, honored
guests, ladies and gentlemen, friends.
You know, twelve years ago John Ralston resigned as head
coach of football's Denver Broncos. "I left because of illness
and fatigue," he explained. "The fans were sick and tired of
me."
Tonight, accordingly, I promise not to speak overtime!
Instead, I want to thank you for that introduction, and for the
warmth of your reception.
Let me first congratulate this year's EIA Medal of Honor
recipient, Sidney Topol (TOE-pull). And I want also to say a
word about this organization, the oldest and largest exploring
the new horizons of America's technological future.
Today, nearly two million Americans work in the electronics
industry. You are leading America's newest industrial
revolution. And you're helping us outwork and outperform any
competitor in the world.
2
You know, Barbara is from New York, and I often kid her
about the definition of a New Yorker: "Someone who meets his
neighbors by seeing them in Florida."
Well, tonight we meet as neighbors, and as fellow
businessmen. Our goal is a fairer, more just, and richer life:
Not merely in our time, but for generations to come.
A richer life can mean many things.
It means education and opportunity. It means a Nation of
responsive citizens -- not only willing but eager to share. And
it means the economic development which makes that sharing
possible. For prosperity depends on growth, and growth depends
on freedom.
My friends, the freedom to dare, risk, and defy the odds
forms the heart of private enterprise, just as private enterprise
is central to America.
Freedom allows us to raise our horizons. Freedom can give
our children a better land than we, ourselves, inherited. But to
preserve it, we must protect it. I have proposed four objectives
to do just that: first, reduce the deficit; second, invest in
America's future; third, find solutions to an urgent set of
priorities; and, last but not least, no new taxes.
3
Reducing the deficit will free our children from interest
debt which haunts their future. Investing in that future will
free them to serve the general interests of America. Focusing on
selective priorities will free government to marshal its
resources. And no new taxes is as All-American as dumping tea
into Boston Harbor.
These objectives will build on the progress of the last
eight years. They will reaffirm our strengths, defuse ticking
time-bombs, and re-orient us as a Nation. Above all, they form a
new approach which looks to tomorrow, not today.
Yes, America faces immediate problems -- ocean dumping, the
homeless, illiteracy. And, yes, I pledge to you: We will
address them now -- not somewhere down the line. But as we do,
let us move beyond the immediate. For, today, America is
prosperous and at peace. Some might say that, today, for the
first time since the mid-1960s, we face no crises, foreign or
domestic -- challenges, yes, but not calamities -- no Viet Nam or
rampant unemployment, no energy shortages, no double-digit
inflation.
We must recognize that we stand at a special moment in our
history. A moment which may afford America a most precious
gift: the gift of time
not for complacency
not to
sit back and reflect upon what has been
but to reflect upon
what might be. Time to take stock; time to think, calmly,
4
prudently; time to avoid mistakes, and ensure this nation's
destiny. Will we use that time? Will we seize our moment? We
will, and we must.
Our new approach says that government, like business, cannot
mortgage the future to engage in self-indulgence. It says that
government can do much, but not everything -- that we must
identify what's necessary to keep us Number One. It says that
the decisions we make, and the direction we choose, will
determine the kind of America in which our children and their
children live.
As President, I am committed to this new approach. That is
why, last month, I proposed a budget to cut the Federal deficit,
help ensure our financial future, and, thus, enhance business'
ability to plan, expand, and build. And I proposed to cut that
deficit not by increasing America's taxes, but by enlarging the
American Pie and keeping spending under control.
My friends, next year alone, thanks to economic growth,
Federal tax revenues will rise by more than $80 billion -- yes,
more than $80 billion, with no new taxes. Our budget seeks to
use that money to slash the Federal deficit by more than $75
billion. That will reduce the deficit to $91 billion, nearly $4
billion below the target mandated by Graham-Rudman-Hollings.
As you know, we have begun the budget process. The
Administration has acted; now, it is up to the Congress to
5
respond. And I'm confident that it will, for no one has termed
our budget "Dead on arrival." Our task is to keep the momentum
going, and growing. Only then can we create the investment so
crucial to America: to increase new jobs; to unlock new markets;
and, yes, to unleash new technologies.
Again, a new approach -- in policy and attitude. For we
Americans are restless, never satisfied: We look to next week,
next year, not to the year 2000. We care that our baseball team
wins the pennant; we care less that its farm system is bursting
at the seams. Casey Stengel once said, "If you can't imitate
him, don't copy him." Well, as Americans, we don't have to
imitate anyone, nor apologize for our ambition. We are
go-getters, and our genius has enriched mankind.
Government's role--its challenge- is to utilize that genius.
For government must look beyond today. By meeting challenges, it
can prevent them from becoming crises. Last year, a large survey
of CEOs revealed that while American business leaders are
inherently optmistic, they believe -- in this poll, by nine to
one -- that we are too short-term oriented. Our budget speaks to
the long-term, and to a stable business climate. It says "Yes"
to America's standard of living, and to her future standing in
the world.
My friends, America's future will need our courage,
creativity, and, most of all, investments. And let me remind you
6
that while I'm referring to economic investments, they can
benefit America socially, culturally, racially, morally. Each
investment can define us as a people. Each can enhance that
moment which comes only once in a thousand years--the beginning
of a new millennium.
For instance, there is the investment that will result from
cutting the maximum tax rate on capital gains. Our budget
supports reducing it to 15 per cent on investments held for a
year or more.
Keep in mind that the economies of the Pacific Rim -- the
"four" dragons" of Hong Kong, Singapore, Taiwan, and South Korea
-- exempt capital gains from taxes; and our second-biggest
trading partner, Japan, didn't tax them at all during her
meteoric rise.
Well, we can learn from our competitors, and also from our
past. History is clear: Restoring the capital gains
differential will lift revenues, help savings, and free American
businesses, without distorting world markets.
Since December 1982, we've created 19 million new jobs in
this country -- five times the number created in Japan. We want
to do still better. Accordingly, our budget recommends a
permanent extension of the Research and Experimentation tax
credit; we need to keep America in the forefront of technological
7
innovation. Our proposal will increase domestic research by
multinationals, and end the uncertainty of expiring temporary
rules.
These steps invest in America's future. They will encourage
progress, stability, and public confidence. And so will
investments, for instance, in education, in the environment,
in our most precious resource, our kids, and in space.
As a Texan, I know, first-hand, the role of space
exploration. I know of your industries' involvement, and your
role in its success. Our budget allocates $2.4 billion for the
Space Program. It supports a flight rate of nine Space Shuttle
flights by 1990. It funds Space Station Freedom, planned for
operation by the mid-1990s. I also want to elevate the status of
the President's Science Advisor to that of the National Security
Advisor.
Like America, space embodies freedom; we must help both
reach unexplored frontiers. Toward that end, let us invest in
the Superconducting Super Collider, which celebrates the fusion
of science, technology, and education. Let us expand free trade
-- free, but fair trade -- which will leverage America's
technological prowess in such areas as microcomputers, automative
electronics, electronic tubes, and high-definition TV. And let
us assist the National Science Foundation. I intend to double
its budget by 1993, and to develop engineering and scientific
8
research centers which link university, government, and industry
labs.
Investments, all, in research and development: Not some
river-boat gamble in a distant future, but a steadfast way to
ensure the future.
And, remember: That future will depend, above all, on
America's children. By investing in them, we can shape America's
dreams of the Twenty-First Century.
check
on
Our budget proposes a new child care initiative which
netro.
increases options for working parents -- a church can help, or
grandparents, or professional nursery.
Our budget mobilizes resources to teach our children that
drugs are wrong. And we have created the YES Program -- or Youth
Entering Service -- to involve our kids in their communities. We
want to help them understand that a successful life must include
serving others.
But most of all, investment means education. For if
excellence breeds achievement, then excellence must be rewarded
-- in grade school, in high school, and at our colleges and
universities.
9
Consider that between global competition and advancing
technology, the demand for skilled technical professionals will
grow 40 per cent in the coming decade. Yet, the NSF predicts a
shortage of 400,000 scientists 11 years from now. Today, the
number of students who graduate from high school with the skills
to succeed in science- and math-based study is too small to meet
industry's need. Our trading partners produce more engineers per
capita than we do. And these nations' secondary-school students
outperform ours in international math and science tests of
ability.
That is why I want Congress to create a $500-million program
to reward America's "merit schools" -- the schools which improve
the most. I intend to create special Presidential awards in every
State. And I urge expanded use of magnet schools -- giving
parents and teachers the freedom of choice.
I propose a program to spur "alternative certification" --
allowing talented Americans from every field, especially science
and mathematics, to teach in America's classrooms. And through a
program of National Science Scholars, I want to give America's
youth a special incentive to excel in math and science.
We must invest, as well, in minority students; our budget
proposes $60 million over four years in endowment matching grants
for historically black colleges and universities. Many of these
10
students -- black and white -- will one day choose careers based
in new technology. We must ensure they are prepared.
My friends, our children can make the Twenty-first Century a
new American Century. So let us help them, guide them, as free
men and women. And let us understand that we are one
community--proud, united, and unafraid of the future.
I found that out in Texas, after Barbara and I packed our
belongings, moved halfway across the country, and founded an oil
company with 250 workers.
It was there that I learned about the people, problems, and
priorities of industry. I made right decisions, and wrong ones.
And I learned how our fate is not divisible: That to build a
company, like to head a family, we must give of, not merely to,
ourselves.
The business of America isn't only business.
The business of business is America.
Albert Einstein said, "Everything that is really great and
inspiring is created by individuals who labor in freedom."
11
For more than 200 years, Americans have invested their
labor, their talent, their compassion, and their vision to
preserve freedom, seize the moment, and sustain our way of
life.
I ask you: With America's tomorrow at stake, can we do any
less today?
Thank you for inviting me. Thank you so very much. God bless
you all, and God bless the United States of America.
Document No. 015848
WHITE HOUSE STAFFING MEMORANDUM
3/11/89
DATE:
ACTION/CONCURRENCE/COMMENT DUE BY: NOON, MONDAY, 3/13/89
PRESIDENTIAL REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
SUBJECT:
(3/10 - 8:00 p.m. draft)
ACTION FYI
ACTION FYI
VICE PRESIDENT
MCCLURE
SUNUNU
NEWMAN
SCOWCROFT
PORTER
DARMAN
STUDDERT
BATES
UNTERMEYER
BREEDEN
ROGERS
CARD
PINKERTON
CICCONI
WINSTON
DEMAREST
GRAHAM
FITZWATER
GRAY
HAGIN
REMARKS:
Please provide cmts/edits directly to Chriss Winston, Rm. 122, x2930,
by NOON, MONDAY, 3/13/89, with an info copy to my office.
Thank you.
RESPONSE: Aee our suggestions on pages 1,2,3,4,5,6, and 8.
James W. Cicconi
Assistant to the President
and Deputy to the Chief of Staff
Ext. 2702
(Smith/Dooley)
March 10, 1989
1909 MAR 8:00 Rdy
REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
Members of the Electronic Industries Association, honored
guests, ladies and gentlemen, friends.
You know, twelve years ago John Ralston resigned as head
?
coach of football's Denver Broncos. "I left because of illness
and fatigue," he explained. "The fans were sick and tired of
me. "
Tonight, accordingly, I promise not to speak overtime!
Instead, I want to thank you for that introduction, and for the
warmth of your reception.
Let me first congratulate this year's EIA Medal of Honor
recipient, Sidney Topol (TOE-pull). And I want also to say a
word about this organization, the oldest and largest exploring
the new horizons of America's technological future.
Today, nearly two million Americans work in the electronics
industry. You are leading America's newest industrial
revolution. And you're helping us outwork and outperform any
competitor in the world.
2
?
You know, Barbara is from New York, and I often kid her
about the definition of a New Yorker: "Someone who meets his
neighbors by seeing them in Florida. "
Well, tonight we meet as neighbors, and as fellow
businessmen. Our goal is a fairer, more just, and richer life:
Not merely in our time, but for generations to come.
A richer life can mean many things.
It means education and opportunity. It means a Nation of
responsive citizens -- not only willing but eager to share. And
it means the economic development which makes that sharing
possible. For prosperity depends on growth, and growth depends
on freedom.
to
to
My friends, the freedom to dare, risk, and defy the odds
a
forms the heart of private enterprise, just as private enterprise
is central to America because freedom is central America
Freedom allows us to raise our horizons. Freedom can give
our children a better land than we, ourselves, inherited. But to
preserve it, we must protect it. I have proposed four objectives
to do just that: first, reduce the deficit; second, invest in
America's future; third, find solutions to an urgent set of
priorities; and, last but not least, no new taxes.
3
Reducing the deficit will free our children from interest
debt which haunts their future. Investing in that future will
free them to serve the general interests of America. Focusing on
selective priorities will free government to marshal its
resources. And no new taxes is as All-American as dumping tea
into Boston Harbor.
These objectives will build on the progress of the last
eight years. They will reaffirm our strengths, defuse ticking
time-bombs, and re-orient us as a Nation. Above all, they form a
new approach which looks to tomorrow, not today.
Yes, America faces immediate problems -- ocean dumping, the
homeless, illiteracy. And, yes, I pledge to you: We will
address them now -- not somewhere down the line. But as we do,
let us move beyond the immediate. For, today, America is
prosperous and at peace. Some might say that, today, for the
first time since the mid-1960s, we face no crises, foreign or
domestic -- challenges, yes, but not calamities -- no Viet Nam or
rampant unemployment, no energy shortages, no double-digit
inflation.
We must recognize that we stand at a special moment in our
history. A moment which may afford America a most precious
gift: the gift of time
not for complacency
not to
sit back and reflect upon what has been
but to reflect upon
what might be. Time to take stock; time to think, calmly,
It says that government must be a catalys t- bringing out the
best in our institutions, and encouraging the talents and
participation of us as free individuals.
prudently; time to avoid mistakes, and ensure this nation's
destiny. Will we use that time? Will we seize our moment? We
will, and we must.
Our new approach says that government, like business, cannot
mortgage the future to engage in self-indulgence. It says that
government can do much, but not everything -- that we must
identify what's necessary to keep us Number One. It says that
the decisions we make, and the direction we choose, will
determine the kind of America in which our children and their
children live.
As President, I am committed to this new approach. That is
why, last month, I proposed a budget to cut the Federal deficit,
help ensure our financial future, and, thus, enhance business'
ability to plan, expand, and build. And I proposed to cut that
deficit not by increasing America's taxes, but by enlarging the
American Pie and keeping spending under control.
My friends, next year alone, thanks to economic growth,
Federal tax revenues will rise by more than $80 billion -- yes,
more than $80 billion, with no new taxes. Our budget seeks to
use that money to slash the Federal deficit by more than $75
billion. That will reduce the deficit to $91 billion, nearly $4
billion below the target mandated by Graham-Rudman-Hollings.
As you know, we have begun the budget process. The
Administration has acted; now, it is up to the Congress to
5
respond. And I'm confident that it will, for no one has termed
our budget "Dead on arrival." Our task is to keep the momentum
going, and growing. Only then can we create the investment so
crucial to America: to increase new jobs; to unlock new markets;
and, yes, to unleash new technologies.
Again, a new approach -- in policy and attitude. For we
Americans are restless, never satisfied: We look to next week,
next year, not to the year 2000. We care that our baseball team
wins the pennant; we care less that its farm system is bursting
at the seams. Casey Stengel once said, "If you can't imitate
him, don't copy him." Well, as Americans, we don't have to
imitate anyone, nor apologize for our ambition. We are
go-getters, and our genius has enriched mankind.
One of the central challanges we face in coming years is to shift our
attention to the longer term wellpast the next quarterly statement
Government's role--its challenge--is to utilize that genius.
For government must look beyond today. By meeting challenges, it
can prevent them from becoming crises. Last year, a large survey
of CEOs revealed that while American business leaders are
inherently optmistic, they believe -- in this poll, by nine to
one -- that we are too short-term oriented. Our budget speaks to
the long-term, and to a stable business climate. It says "Yes"
to America's standard of living, and to her future standing in
the world.
perspective, confident that we will depend be able on to such meet a
Our and future I am competitive position will
My friends, America's future will need our courage,
thischallenge
creativity, and, most of all, investments. And let me remind you
6
that while I'm referring to economic investments, they can
benefit America socially, culturally, racially, morally. Each
investment can define us as a people.
Each can enhance that
moment which comes only once in a thousand years--the beginning
?
of a new millennium.
For instance, there is the investment that will result from
cutting the maximum tax rate on capital gains. Our budget
supports reducing it to 15 per cent on investments held for a
year or more.
Keep in mind that the economies of the Pacific Rim -- the
y
"four" dragons" of Hong Kong, Singapore, Taiwan, and South Korea
-- exempt capital gains from taxes; and our second-biggest
trading partner, Japan, didn't tax them at all during her
its
meteoric rise.
Well, we can learn from our competitors, and also from our
past. History is clear: Restoring the capital gains
differential will lift revenues, help savings, and free American
businesses, without distorting world markets.
Since December 1982, we've created 19 million new jobs in
this country -- five times the number created in Japan. We want
to do still better. Accordingly, our budget recommends a
permanent extension of the Research and Experimentation tax
credit; we need to keep America in the forefront of technological
7
innovation. Our proposal will increase domestic research by
multinationals, and end the uncertainty of expiring temporary
rules.
These steps invest in America's future. They will encourage
progress, stability, and public confidence. And so will
investments, for instance, in education, in the environment,
in our most precious resource, our kids, and in space.
As a Texan, I know, first-hand, the role of space
exploration. I know of your industries' involvement, and your
role in its success. Our budget allocates $2.4 billion for the
Space Program. It supports a flight rate of nine Space Shuttle
flights by 1990. It funds Space Station Freedom, planned for
operation by the mid-1990s. I also want to elevate the status of
the President's Science Advisor to that of the National Security
Advisor.
Like America, space embodies freedom; we must help both
reach unexplored frontiers. Toward that end, let us invest in
the Superconducting Super Collider, which celebrates the fusion
of science, technology, and education. Let us expand free trade
-- free, but fair trade -- which will leverage America's
technological prowess in such areas as microcomputers, automative
electronics, electronic tubes, and high-definition TV. And let
us assist the National Science Foundation. I intend to double
its budget by 1993, and to develop engineering and scientific
8
research centers which link university, government, and industry
labs.
Investments, all, in research and development: Not some
river-boat gamble in a distant future, but a steadfast way to
ensure the future.
And, remember: That future will depend, above all, on
America's children. By investing in them, we can shape America's
cell!
dreams of the Twenty-First Century.
Our budget proposes a new child care initiative which
increases options for working parents -- a church can help, or
grandparents, or professional nursery.
Our budget mobilizes resources to teach our children that
drugs are wrong. And we have created the YES Program -- or Youth
Entering Service -- to involve our kids in their communities. We
want to help them understand that a successful life must include
serving others.
This is out ultimate long-term investment-
the investment in our youth the very future of our nation
But most of all, investment means education. For if
and it does,
^
excellence breeds achievement, then excellence must be rewarded
a
-- in grade school, in high school, and at our colleges and
universities.
9
Consider that between global competition and advancing
technology, the demand for skilled technical professionals will
grow 40 per cent in the coming decade. Yet, the NSF predicts a
shortage of 400,000 scientists 11 years from now. Today, the
number of students who graduate from high school with the skills
to succeed in science- and math-based study is too small to meet
industry's need. Our trading partners produce more engineers per
capita than we do. And these nations' secondary-school students
outperform ours in international math and science tests of
ability.
That is why I want Congress to create a $500-million program
to reward America's "merit schools" -- the schools which improve
the most. I intend to create special Presidential awards in every
State. And I urge expanded use of magnet schools -- giving
parents and teachers the freedom of choice.
I propose a program to spur "alternative certification" --
allowing talented Americans from every field, especially science
and mathematics, to teach in America's classrooms. And through a
program of National Science Scholars, I want to give America's
youth a special incentive to excel in math and science.
We must invest, as well, in minority students; our budget
proposes $60 million over four years in endowment matching grants
for historically black colleges and universities. Many of these
10
students -- black and white -- will one day choose careers based
in new technology. We must ensure they are prepared.
My friends, our children can make the Twenty-first Century a
new American Century. So let us help them, guide them, as free
men and women. And let us understand that we are one
community--proud, united, and unafraid of the future.
I found that out in Texas, after Barbara and I packed our
belongings, moved halfway across the country, and founded an oil
company with 250 workers.
It was there that I learned about the people, problems, and
priorities of industry. I made right decisions, and wrong ones.
And I learned how our fate is not divisible: That to build a
company, like to head a family, we must give of, not merely to,
ourselves.
The business of America isn't only business.
The business of business is America.
Albert Einstein said, "Everything that is really great and
inspiring is created by individuals who labor in freedom."
11
For more than 200 years, Americans have invested their
labor, their talent, their compassion, and their vision to
preserve freedom, seize the moment, and sustain our way of
life.
I ask you: With America's tomorrow at stake, can we do any
less today?
Thank you for inviting me. Thank you so very much. God bless
you all, and God bless the United States of America.
Document No. 015848
WHITE HOUSE STAFFING MEMORANDUM
3/11/89
DATE:
ACTION/CONCURRENCE/COMMENT DUE BY: NOON, MONDAY, 3/13/89
PRESIDENTIAL REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
SUBJECT:
(3/10 - 8:00 p m draft)
ACTION FYI
ACTION FYI
VICE PRESIDENT
MCCLURE
SUNUNU
NEWMAN
SCOWCROFT
PORTER
DARMAN
STUDDERT
BATES
UNTERMEYER
BREEDEN
ROGERS
CARD
PINKERTON
CICCONI
WINSTON
DEMAREST
GRAHAM
FITZWATER
GRAY
HAGIN
REMARKS:
Please provide cmts/edits directly to Chriss Winston, Rm. 122, x2930,
by NOON, MONDAY, 3/13/89, with an info copy to my office.
Thank you.
RESPONSE:
James W. Cicconi
Assistant to the President
and Deputy to the Chief of Staff
Ext. 2702
(Smith/Dooley)
March 10, 1989
1989 MAR 18:00 Roy
REMARKS: ELECTRONIC INDUSTRIES ASSOCIATION
MARCH 15, 1989
Members of the Electronic Industries Association, honored
guests, ladies and gentlemen, friends.
You know, twelve years ago John Ralston resigned as head
coach of football's Denver Broncos. "I left because of illness
and fatigue," he explained. "The fans were sick and tired of
me."
Tonight, accordingly, I promise not to speak overtime!
Instead, I want to thank you for that introduction, and for the
warmth of your reception.
Let me first congratulate this year's EIA Medal of Honor
recipient, Sidney Topol (TOE-pull). And I want also to say a
word about this organization, the oldest and largest exploring
the new horizons of America's technological future.
Today, nearly two million Americans work in the electronics
industry. You are leading America's newest industrial
revolution. And you're helping us outwork and outperform any
competitor in the world.
2
You know, Barbara is from New York, and I often kid her
about the definition of a New Yorker: "Someone who meets his
neighbors by seeing them in Florida."
Well, tonight we meet as neighbors, and as fellow
businessmen. Our goal is a fairer, more just, and richer life:
Not merely in our time, but for generations to come.
A richer life can mean many things.
It means education and opportunity. It means a Nation of
responsive citizens -- not only willing but eager to share. And
it means the economic development which makes that sharing
possible. For prosperity depends on growth, and growth depends
on freedom.
My friends, the freedom to dare, risk, and defy the odds
forms the heart of private enterprise, just as private enterprise
is central to America.
Freedom allows us to raise our horizons. Freedom can give
our children a better land than we, ourselves, inherited. But to
preserve it, we must protect it. I have proposed four objectives
to do just that: first, reduce the deficit; second, invest in
America's future; third, find solutions to an urgent set of
priorities; and, last but not least, no new taxes.
3
Reducing the deficit will free our children from interest
debt which haunts their future. Investing in that future will
free them to serve the general interests of America. Focusing on
selective priorities will free government to marshal its
resources. And no new taxes is as All-American as dumping tea
into Boston Harbor.
These objectives will build on the progress of the last
eight years. They will reaffirm our strengths, defuse ticking
time-bombs, and re-orient us as a Nation. Above all, they form a
new approach which looks to tomorrow, not today.
Yes, America faces immediate problems -- ocean dumping, the
homeless, illiteracy. And, yes, I pledge to you: We will
address them now -- not somewhere down the line. But as we do,
let us move beyond the immediate. For, today, America is
drugs?
prosperous and at peace. Some might say that, today, for the
first time since the mid-1960s, we face no crises, foreign or
domestic -- challenges, yes, but not calamities -- no Viet Nam or
rampant unemployment, no energy shortages, no double-digit
inflation.
We must recognize that we stand at a special moment in our
history. A moment which may afford America a most precious
gift: the gift of time
not for complacency
not to
sit back and reflect upon what has been
but to reflect upon
what might be. Time to take stock; time to think, calmly,
4
prudently; time to avoid mistakes, and ensure this nation's
destiny. Will we use that time? Will we seize our moment? We
will, and we must.
Our new approach says that government, like business, cannot
mortgage the future to engage in self-indulgence. It says that
government can do much, but not everything -- that we must
identify what's necessary to keep us Number One. It says that
the decisions we make, and the direction we choose, will
determine the kind of America in which our children and their
children live.
As President, I am committed to this new approach. That is
why, last month, I proposed a budget to cut the Federal deficit,
help ensure our financial future, and, thus, enhance business'
ability to plan, expand, and build. And I proposed to cut that
deficit not by increasing America's taxes, but by enlarging the
American Pie and keeping spending under control.
My friends, next year alone, thanks to economic growth,
Federal tax revenues will rise by more than $80 billion -- yes,
Weich 35
more than $80 billion, with no new taxes. Our budget seeks to
use that money to slash the Federal deficit by more than $75
using 6ram Redium
billion. That will reduce the deficit to $91 billion Anearly $4 the
mandated
of $ $100 billion
will
be
billion below then target 1 mandated by Graham Rudman Hollings.
As you know, we have begun the budget process. The
Administration has acted; now, it is up to the Congress to
5
respond. And I'm confident that it will, for no one has termed
our budget "Dead on arrival." Our task is to keep the momentum
going, and growing. Only then can we create the investment so
crucial to America: to increase new jobs; to unlock new markets;
and, yes, to unleash new technologies.
Again, a new approach -- in policy and attitude. For we
Americans are restless, never satisfied: We look to next week,
next year, not to the year 2000. We care that our baseball team
wins the pennant; we care less that its farm system is bursting
at the seams. Casey Stengel once said, "If you can't imitate
him, don't copy him." Well, as Americans, we don't have to
imitate anyone, nor apologize for our ambition. We are
go-getters, and our genius has enriched mankind.
Government's role--its challenge--is to utilize that genius.
For government must look beyond today. By meeting challenges, it
can prevent them from becoming crises. Last year, a large survey
of CEOs revealed that while American business leaders are
inherently optmistic, they believe -- in this poll, by nine to
one -- that we are too short-term oriented. Our budget speaks to
the long-term, and to a stable business climate. It says "Yes"
to America's standard of living, and to her future standing in
the world.
My friends, America's future will need our courage,
creativity, and, most of all, investments. And let me remind you
6
that while I'm referring to economic investments, they can
benefit America socially, culturally, racially, morally. Each
investment can define us as a people. Each can enhance that
moment which comes only once in a thousand years--the beginning
of a new millennium.
For instance, there is the investment that will result from
cutting the maximum tax rate on capital gains. Our budget
supports reducing it to 15 per cent on investments held for a
year or more.
Keep in mind that the economies of the Pacific Rim -- the
"four" dragons" of Hong Kong, Singapore, Taiwan, and South Korea
-- exempt capital gains from taxes; and our second-biggest
trading partner, Japan, didn't tax them at all during her
meteoric rise.
Well, we can learn from our competitors, and also from our
past. History is clear: Restoring the capital gains
differential will lift revenues, help savings, and free American
businesses, without distorting world markets.
[Wrichzr
November
over 19 1/2
Since December 1982, we've created 19 million new jobs in
this country -- five times the number created in Japan. We want
to do still better. Accordingly, our budget recommends a
OMB
permanent extension of the Research and Experimentation tax
credit; we need to keep America in the forefront of technological
7
innovation. Our proposal will increase domestic research by
multinationals, and end the uncertainty of expiring temporary
rules.
These steps invest in America's future. They will encourage
progress, stability, and public confidence. And so will
investments, for instance, in education, in the environment,
in our most precious resource, our kids, and in space.
As a Texan, I know, first-hand, the role of space
exploration. I know of your industries' involvement, and your
(Andris 3Tea
Anders
provides Junincreaseof
role in its success. Our budget allocates $2.4 billion for the
in funding
Space Program. It supports a flight rate of nine Space Shuttle
flights by 1990. It funds Space Station Freedom, planned for
operation by the mid-1990s. I also want to elevate the status of
the President's Science Advisor to that of the National Security
Advisor.
*NOTE: This buzz word is often a code
(Wrichtr)
word for protectionist legislation
Like America, space embodies freedom; we must help both
reach unexplored frontiers. Toward that end, let us invest in
the Superconducting Super Collider, which celebrates the fusion
of science, technology, and education. Let us expand free trade
-- free, but fair trade which will leverage America's
technological prowess in such areas as microcomputers, automative
electronics, electronic tubes, and high-definition TV. And let
us assist the National Science Foundation. I intend to double
its budget by 1993, and to develop engineering and scientific
8
research centers which link university, government, and industry
labs.
Investments, all, in research and development: Not some
river-boat gamble in a distant future, but a steadfast way to
ensure the future.
And, remember: That future will depend, above all, on
America's children. By investing in them, we can shape America's
Hole
dreams of the Twenty First Century.
5128
Our budget proposes a new child care initiative which
increases options for working parents -- a church can help, or
grandparents, or professional nursery.
Our budget mobilizes resources to teach our children that
proposed
drugs are wrong. And we have created the YES Program -- or Youth
Entering Service -- to involve our kids in their communities. We
want to help them understand that a successful life must include
serving others.
But most of all, investment means education. For if
excellence breeds achievement, then excellence must be rewarded
-- in grade school, in high school, and at our colleges and
universities.
9
Consider that between global competition and advancing
technology, the demand for skilled technical professionals will
grow 40 per cent in the coming decade. Yet, the NSF predicts a
shortage of 400,000 scientists 11 years from now. Today, the
number of students who graduate from high school with the skills
to succeed in science- and math-based study is too small to meet
industry's need. Our trading partners produce more engineers per
capita than we do. And these nations' secondary-school students
outperform ours in international math and science tests of
ability.
That is why I want Congress to create a $500-million program
to reward America's "merit schools" -- the schools which improve
the most. I intend to create special Presidential awards in every
State. And I urge expanded use of magnet schools -- giving
parents and teachers the freedom of choice.
I propose a program to spur "alternative certification" --
allowing talented Americans from every field, especially science
and mathematics, to teach in America's classrooms. And through a
program of National Science Scholars, I want to give America's
youth a special incentive to excel in math and science.
We must invest, as well, in minority students; our budget
proposes $60 million over four years in endowment matching grants
for historically black colleges and universities. Many of these
seenertpy.
Holen
10
9178
SEE previous
page
students black and white will one day choose careers based
in new technology. We must ensure they are prepared.
?
My friends, our children can make the Twenty. first Century a
new American Century. So let us help them, guide them, as free
men and women. And let us understand that we are one
community--proud, united, and unafraid of the future.
I found that out in Texas X after Barbara and I packed our
belongings, moved halfway across the country, and founded an oil
company with 250 workers.
It was there that I learned about the people, problems, and
priorities of industry. I made right decisions, and wrong ones.
And I learned how our fate is not divisible: That to build a
company, like to head a family, we must give of, not merely to,
ourselves.
The business of America isn't only business.
The business of business is America.
Albert Einstein said, "Everything that is really great and
inspiring is created by individuals who labor in freedom."
11
For more than 200 years, Americans have invested their
labor, their talent, their compassion, and their vision to
preserve freedom, seize the moment, and sustain our way of
life.
I ask you: With America's tomorrow at stake, can we do any
less today?
Thank you for inviting me. Thank you so very much. God bless
you all, and God bless the United States of America.
CAPITAL GAINS
Let me turn to an issue that I know concerns all of you:
capital gains. Each of you knows how vital the favorable
treatment of capital gains was to you in getting your company off
the ground and in raising the capital you used for expansion. If
America is going to have the dynamic industries of the 1990s and
the 21st century, we've got to provide the same kind of favorable
capital gains treatment to today's entrepreneurs.
We've all heard a lot of talk about competitiveness
Many
members of Congress are constantly fretting that America is
all
losing its competitive edge. Well, to all the fretters out there
I want to issue a simple challenge: stop wringing your hands and
start doing something. Tonight I call upon the Congress to put
some action behind all its rhetoric. Pass the capital gains tax
cut I proposed and just watch America compete.
We are the only major industrial power in the world that
does not give favorable tax treatment to capital gains.
Singapore, Taiwan, South Korea, and Hong Kong all have a zero
capital gains tax. Japan had no capital gains tax during its
meteoric rise. Nor does West Germany, the most dynamic economy
in Europe.
How can Congress sit around talking about competitiveness
when they impose a stiff tax on the rewards to investment and
risk taking? How can they talk about a level playing field when
they demand that America's entrepreneurs run uphill against the
rest of the world?