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Originally Processed With FOIA(s): foia Number: S FOIA MARKER This is not a textual record. This is used as an administrative marker by the George Bush Presidential Library Staff. Record Group/Collection: George H.W. Bush Presidential Records Collection/Office of Origin: Speechwriting, White House Office of Series: Speech File Draft Files Subseries: Chron File, 1989-1993 OA/ID Number: 13474 Folder ID Number: 13474-016 Folder Title: Business Luncheon, 2/3/89 [2] Stack: Row: Section: Shelf: Position: G 25 6 1 1 (McIntyre edit) February 2, 1989 8:30 a.m. PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS STATE DINING ROOM FEBRUARY 3, 1989 Thank you Thank you very much. It's great to see so many old friends here today -- especially all of you who have helped me to be with you today in this capacity. Having made my living in the hydro-carbon business, I have an appreciation for what those of you in business face. I know what its like to take risks. I've had to meet a payroll. I've had to lay people off when times were tough. Today we are in the midst of the longest peacetime economic expansion in our nation's history. Productivity is up. Real family income is up. A higher percentage of our men and women are at work than ever before. In fact, we've created more jobs since 1982 than all of Europe and Japan combined. I am proud of what American business has accomplished. We are the most prosperous, the most productive and generous nation on the face of the earth. At its best, American business reminds 2 us of who we are. At its best, American business reminds us who we can be. And yet, in recent years we have seen too many people abuse the freedom of our marketplace. Too many people, both in private and public life, have discarded their moral compass on the way to the top. There has been insider trading on Wall Street, corruption in City Hall, and fraud and waste in Washington. I will tell you frankly that I feel angry and disgusted and betrayed when I see those who have held positions of trust, whether in government or the private sector, violate that trust for profit. They shame themselves, they shame our government, and they shame their business colleagues. Their actions are unacceptable -- above all because of the poor example they set and the trust they break. And of course I don't agree with the ruthless investor in the movie "Wall Street" who says, "Greed is good. Greed is right." And "Greed will save the U.S.A." It's unacceptable to pollute our environment in the name of greed. When the safety of working men and women is at stake, it's unacceptable to cut corners in the name of greed. Profit is a legitimate force in the United States of America, greed is not. And I know you feel the same way. (XX) 3 Since I was sworn in as President, I've been working hard to assemble a government that the American people can be proud of -- a government to a large extent already comprised of honorable men and women who share my conviction that a public office is a public trust. My emphasis on ethical public service is not a fad or some passing fancy. It's something that I want my Administration to institutionalize. Last week I appointed a bi-partisan commission headed by Ambassador Malcolm Wilkey and former Attorney General Griffin Bell to develop ethics reform proposals that will address all branches of the Federal government. Today, I am calling on you to take seriously the responsibility you have to be role models of integrity within your own companies. You, of course, set the standard for your employees, especially the younger executives who are just starting out. Part of that standard -- a big part of it -- is ethical conduct. Another part of it is service. The responsibility American business has in strengthening communities is critical. The efficient, competitive successes of American Business have been integral in strengthening American society. But, strong profits alone are not enough to guarantee our future economic leadership in the community of nations. 4 America has long been committed to helping people at home and abroad in achieving literacy, housing, and safety -- a commitment that is born from our deep sense of justice and freedom. But there is more than altruism involved. I have said that I want a kinder, gentler nation. Well, you can't legislate kindness. A President can't sign an executive order and create a gentle nation. But the Presidency does provide an incomparable opportunity to set a tone, to lead a movement. So today I will ask you to join me in a vast, cooperative movement unparalleled in magnitude and nobility of purpose -- a movement of national service. It will be a movement whose leadership extends from the South Lawn of the White House to the grassroots of America. A movement that respects the dignity of the individual and is steeped in the values that have made our nation great for more than 200 years. It's the spirit of neighbor-helping-neighbor that has made America the most decent and generous nation on earth. If we can revitalize the embers of that spirit, America will become a kinder, gentler place to live. And that's where you come in. 5 The essence of our government is that it is a democracy of, for, and by the people To be successful, our movement of national service must also be of, for, and by the people. The challenges are great, but government cannot do everything -- Government cannot do it alone. And without the will of the people, it cannot do anything. I have opened the Office of National Service here in the White House, which will lead the community and national service programs of my Administration. We will not only build on the Private Sector Initiatives, which President Reagan began, and which many of you have been involved in, but I will actively seek your leadership and involvement on specific initiatives. For example, I am committed to strengthening the ethic of community service among America's young people. During last fall's campaign, I promised to establish the YES to America Foundation, or Youth Entering Service -- a foundation I will chair. The YES to America Foundation will serve as a public-private partnership to work with local community and school-based programs to involve teenagers and young adults in volunteer service. During the past several months, you may have heard me speak of "a thousand points of light." I've been using the phrase as shorthand for the fact that we are a nation of communities, of 6 thousands of business and professional and religious and ethnic communities -- and in this diversity of strength is our key to success. The community, next to the family, is the most important unit of our nation. A community is more than brick and mortar. Our community, our town, our neighborhood -- it's where we live and work it's where our kids play it's where we invite friends over for a barbecue. America is only as good and as strong as our communities are good and strong. I am committed to dramatically increasing community participation, in order to pragmatically address the difficult problems challenging the country. To prepare for the 21st Century we need to build community spirit -- in every community large and small. We need to unlock the concern, the dedication, and the leadership that lie unconnected to someone else who cares. I know that most of you are already involved in community service. I wish I had the time to single out every one of you who is deserving. To all of you who already serve your communities, I say: "Thank you. You have my heartfelt respect. And we will need 7 your continued work and expertise." And to those of you who are still looking for ways to help, come help us face the challenge. I am not calling on you to reach into your pocket, I am calling on you to reach into your heart. If you do that, believe me, the money will take care of itself. Together we will create innovative new programs to feed the hungry, house the homeless, care for -- and educate -- our children. With faith in the future, with trust in each other, with love for where we live, we will pitch in and build up a stronger, healthier, more caring nation. A kinder, gentler America. There is so much more to be done, and so much more you can do. Thank you. #### THE WHITE HOUSE WASHINGTON Feb. 2, 1989 Chriss -- David Bates' comments were not included in the BUsiness Council leaders speech. I have written his comments on McIntyre's second draft. I ran into Dave in the hall and cleared these changes with him. Thanks. John (McIntyre edit) February 1, 1989 8:30 p.m. PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS STATE DINING ROOM FEBRUARY 3, 1989 1 Thank you Thank you very much. It's great to see so many old friends here today ( (especially the ones good sense to support me all of you who who had have the helped me to be with you today in this capacity the campaign. (LL) Having made my living in the hydro-carbon business, I have an appreciation for what those of you in business face. I know what its like to take risks. I've had to meet a payroll. I've had to lay people off when times were tough. Today we are in the midst of the longest peacetime economic expansion in our nation's history. Productivity is up. Real family income is up. A higher percentage of our men and women are at work than ever before. In fact, we've created more jobs since 1982 than all of Europe and Japan combined. I am proud of what American business has accomplished. We are the most prosperous, the most productive and generous nation on the face of the earth. At its best, American business reminds us of who we are. At its best, American business reminds us who 2 we can be. Each and every one of you is American business at its I best. And yet, in recent years we have seen too many people abuse the freedom of our marketplace. Too many people, both in private and public life, have discarded their moral compass on the way to the top. There has been insider trading on Wall Street, corruption in City Hall, and fraud and waste in Washington. I will tell you frankly that I feel angry and disgusted and betrayed when I see those who have held positions of trust, whether in government or the private sector, violate that trust for profit. They shame themselves, they shame our government, and they shame their business colleagues. Their actions are unacceptable -- above all because of the poor example they set and the trust they break. And of course I don't agree with the ruthless investor in the movie "Wall Street" who says, "Greed is good. Greed is right. " And "Greed will save the U.S.A." It's unacceptable to pollute our environment in the name of greed. When the safety of working men and women is at stake, it's unacceptable to cut corners in the name of greed. Profit is a legitimate force in the United States of America, greed is not. And I know you feel the same way. (XX) 3 Since I was sworn in as President, I've been working hard to assemble a government that the American people can be proud of -- a government to a large extent already comprised of honorable men and women who share my conviction that a public office is a public trust. My emphasis on ethical public service is not a fad or some passing fancy. It's something that I want my Administration to institutionalize. Last week I appointed a bi-partisan commission headed by Ambassador Malcolm Wilkey and former Attorney General Griffin Bell to develop ethics reform proposals that will address all branches of the Federal government. Today, I am calling on you to take seriously the responsibility you have to be role models of integrity within your own companies. You, of course, set the standard for your employees, especially the younger executives who are just starting out. Part of that standard -- a big part of it -- is ethical conduct. Another part of it is service. The responsibility American business has in strengthening communities is critcal. The efficient, competitive successes of American Business have been integral in strengthening American society. But, strong profits alone are not enough to guarantee our future economic leadership in the community of nations. 4 America has long been committed to helping people at home and abroad in achieving literacy, housing, and safety -- a commitment that is born from our deep sense of justice and freedom. But there is more than altruism involved. I have said that I want a kinder, gentler nation. Well, you can't legislate kindness. A President can't sign an executive order and create a gentle nation. But the Presidency does provide an incomparable opportunity to set a tone, to lead a movement. So today I will ask you to join me in a vast, cooperative movement unparalleled in magnitude and nobility of purpose -- a movement of national service. It will be a movement whose leadership extends from the South Lawn of the White House to the grassroots of America. A movement that respects the dignity of the individual and is steeped in the values that have made our nation great for more than 200 years. It's the spirit of neighbor-helping-neighbor that has made America the most decent and generous nation on earth. If we can rekindle rentalize the embers of that spirit, America will become a kinder, gentler place to live. And that's where you come in. 5 The essence of our government is that it is a democracy of, for, and by the people. To be successful, our movement of national service must also be of, for, and by the people. Yes, government has a role, and my Administration will never shirk its duty to help all people reach for their potential. I Believe me, when I look out the window of this magnificent house, I see the homeless sleeping on grates across the street. I've heard illiterate teenagers stumbling across the pages of a book. I understand the frustration of workers whose skills have not kept pace with our changing economy. The challenges are great, but government cannot do everything -- Government cannot do it alone. And without the will of the people, it cannot do anything. I have opened the Office of National Service here in the White House, which will lead the community and national service programs of my Administration. We will not only build on the Private Sector Initiatives, which President Reagan began, and which many of you have been involved in, but I will actively seek your leadership and involvement on specific initiatives. For example, I am committed to strengthening the ethic of community service among America's young people. During last fall's campaign, I promised to establish the YES to America Foundation, or Youth Entering Service -- a foundation I will 6 chair. The YES to America Foundation will serve as a public-private partnership to work with local community and school-based programs to involve teenagers and young adults. in volunteer service. During the past several months, you may have heard me speak of "a thousand points of light." I've been using the phrase as shorthand for the fact that we are a nation of communities, of thousands of business and professional and religious and ethnic communities -- and in this diversity of strength is our key to success. The community, next to the family, is the most important unit of our nation. A community is more than brick and mortar. Our community, our town, our neighborhood -- it's where we live and work it's where our kids play it's where we invite friends over for a barbecue. America is only as good and as strong as our communities are good and strong. I am committed to dramatically increasing community participation, in order to pragmatically address the difficult problems challenging the country. To prepare for the 21st Century we need to build community spirit -- in every community large and small. We need to unlock the concern, the dedication, and the leadership that lie unconnected to someone else who cares. 7 I know that most of you are already involved in community service. I wish I had the time to single out every one of you who is deserving. To all of you who already serve your communities, I say: "Thank you. You have my heartfelt respect. And we will need your continued work and expertise." And to those of you who are still looking for ways to help, come help us face the challenge. I am not calling on you to reach into your pocket, I am calling on you to reach into your heart. If you do that, believe me, the money will take care of itself. Together we will create innovative new programs to feed the hungry, house the homeless, care for -- and educate -- our children. With faith in the future, with trust in each other, with love for where we live, we will pitch in and build up a stronger, healthier, more caring nation. A kinder, gentler America. There is so much more to be done, and so much more you can do. Thank you. #### THE WHITE HOUSE WASHINGTON February 1, 1989 MEMORANDUM FOR CHRISS WINSTON FROM: ROGER B. PORTER RBP SUBJECT: Presidential Remarks: Luncheon with Business Leaders The draft remarks for the business leader's luncheon are clearly focused on the theme of service and ethics. Those are themes that we have emphasized during the first two weeks and this speech can make a useful contribution in that effort. It might make sense to include a paragraph in the speech at the outset in which he indicates that next week he will be speaking to the Congress and to the country outlin- ing his budget proposals and his priorities for 1989. In this paragraph he could underscore his commitment to policies that will lead to sustained economic growth without inflation and that it is the business community that has a major role to play in creating jobs and in making the kind of investments that will lead to a better future for our children and our nation. Then he could say that what he wants to focus attention on today are two central issues that also confront us as a nation -- the ethical standards we have as a people and our commitment to reach out and help others. CC: James W. Cicconi Document No. 062359 WHITE HOUSE STAFFING MEMORANDUM DATE: 1/31/89 ACTION/CONCURRENCE/COMMENT DUE BY: 12:00 2/1/89 PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS SUBJECT: ACTION FYI ACTION FYI VICE PRESIDENT MCCLURE SUNUNU NEWMAN SCOWCROFT PORTER DARMAN STUDDERT BATES UNTERMEYER BREEDEN FIRESTONE CARD WINSTON CICCONI ROGERS DEMAREST Boskin FITZWATER GRAY HAGIN REMARKS: Please provide your comments/recommendations directly to Chriss Winston's office with an info copy to my office by 12:00 Wednesday, February 1. Thank you. RESPONSE: James W. Cicconi Assistant to the President and Deputy to the Chief of Staff Ext. 2702 (McIntyre) January 31, 1989 1 p.m. PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS STATE DINING ROOM FEBRUARY 3, 1989 Thank you Thank you very much. It's great to see so many old friends here today -- ( (especially the ones who had the good sense to support me during the campaign.) ) (LL) As a former businessman myself, I'm always pleased to have the opportunity to speak to business groups -- and this certainly is an esteemed gathering. ((Of course, I was never as successful in business as any of you, but I guess I've turned out okay.) ) (LL) ((In my early days in business, I travelled around selling drilling equipment for oil rigs down in Texas. One morning I stopped at a diner and ordered a cup of coffee and a couple of eggs. The waitress brought the order and said, "Will there be anything else?" I said, "How about a few kind words." She said, "Don't eat the eggs. ")) (LL) Having made my living in the hydro-carbon business, I have an appreciation for what those of you in business face. I know 2 what its like to take risks. I've met a payroll. I had to lay people off when times were tough. That's one reason why during the past 8 years I spent so much of my time as Vice President trying to encourage economic growth by reducing unnecessary government regulations on business. The task force which I headed made considerable progress. I believe the prosperity we've enjoyed since 1982 stems in part from the increased freedom of a deregulated market. Today we are in the midst of the longest peacetime economic expansion in our nation's history. Productivity is up. Real family income is up. A higher percentage of our men and women are at work than ever before. In fact, we've created more jobs since 1982 than all of Europe and Japan combined. I am proud of what American business has accomplished. We are the most prosperous, the most productive and generous nation on the face of the earth. At its best, American business reminds us of who we are. At its best, American business reminds us who we can be. Each and every one of you is American business at its best. And yet, in recent years we have seen too many people abuse the freedom of our marketplace. Too many people, both in private and public life, have discarded their moral compass on the way to 3 the top. There has been insider trading on Wall Street, corruption in City Hall, and influence peddling in Washington. I will tell you frankly that I feel angry and disgusted and betrayed when I see those who have held positions of trust, whether in government or the private sector, violate that trust for profit. They shame themselves, they shame our government, and they shame their business colleagues. Their actions are unacceptable -- above all because of the poor example they set and the trust they break. I also don't agree with the ruthless investor in the movie "Wall Street" who says, "Greed is good. Greed is right. Greed will save the U.S.A." It's unacceptable to pollute our environment in the name of padding profits. It's unacceptable to cut corners when the e safety of working men and women is at stake. It's unacoptable to ignore creative new ideas just because they cost a little more in the short run. Greed is not a legitimate force in the United States of America. I don't believe it, and I know none of you do, either. (XX) Since I was sworn in as President ((2 weeks, 1 hour and 23 minutes ago)) (LL), I've been working hard to assemble a 4 government that the American people can be proud of -- a government comprised of honorable men and women who share my conviction that a public office is a public trust. My emphasis on ethical public service is not a fad or some passing fancy. It's something that I want my Administration to institutionalize. Last week I appointed a bi-partisan commission headed by Judge Wilkey and former Attorney General Griffen Bell to develop ethics reform proposals which will include all branches of the Federal government. Today I am appealing to you to take seriously the responsibility you have to be role models of integrity within your own companies. It's your job to set the standard for your employees, especially the younger executives who are just starting out. Part of that standard -- a big part of it -- is ethical conduct. Another part of it is service, the responsibility you have to look beyond your balance sheets to your own backyards -- your communities. Henry David Thoreau once wrote that "It is true enough that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience." What Thoreau was saying was that being in business does not remove a person's responsibility to help improve his or her community. Investing in your community is not, by any means, 5 simple altruism. It is an investment in the future business climate of this country -- and goodness is one investment that always pays off. Business benefits when America benefits, whether it's through a lower crime rate, a better educated workforce, or more affordable child care. A healthy society is the greatest asset any company can have. I have said that I want a kinder, gentler nation. Well, you can't legislate kindness. A President can't sign an executive order and create a gentle nation. But the Presidency does provide an incomparable opportunity to set a tone, to lead a movement. Teddy Roosevelt called it the OCCASION "bully pulpit." And so today I am using this bully pulpit to ask you to join me in a vast, cooperative movement unparalleled in magnitude and nobility of purpose -- a movement of national service. It will be a movement whose leadership extends from the South Lawn of the White House to the grassroots of America. A movement that respects the dignity of the individual and is steeped in the values that have made our nation great for more than 200 years. 6 Early in the last century, the French observer Alexis de Tocqueville wrote these words about volunteer efforts in America: "I have often seen Americans make really great sacrifices for the common good, and I have noticed a hundred cases in which, when help was needed, they hardly ever failed to give each other trusty support the American's heart easily inclines toward benevolence." I like that: "The American heart easily inclines toward benevolence." That spirit of neighbor-helping-neighbor has made America the most decent and generous nation on earth. If we can rekindle the old embers of that spirit, America will become a kinder, gentler place to live. And that's where you come in. The essence of our government is that it is a democracy of, for, and by the people. To be successful, our movement of national service must also be of, for, and by the people. Yes, government has a role, and my Administration will never shirk its duty to help those who are less fortunate. Believe me, when I look out the window of this magnificent building, I see the homeless sleeping on grates across the street. I hear the illiterate teenagers stumbling across the pages of a book. I feel the frustration of workers whose skills have not kept pace with our changing economy. 7 We must offer our hand to these people. But government cannot do everything. Government cannot do it alone. And without the will of the people, it cannot do anything. I have opened the Office of National Service here in the White House, which will carry out the volunteer and community service programs that my Administration plans to lead. One of those areas is Private Sector Initiatives, which President Reagan began, many of you have been involved in, and I will build on and expand. I am also committed to cultivating the ethic of community service among America's young people. During last fall's campaign, I promised to establish the YES to America Foundation, or Youth Entering Service. The YES to America Foundation will serve as a public-private partnership to work with local community and school-based programs to involve teenagers and young adults in volunteer service. YES to America will be directed by citizens through a volunteer board of directors. And guess who's going to be the chairman? I am. Lee Iacocca once told me that's the only way to make sure exactly what you want to happen is happening. CO During the past several months, you may have heard me speak of "a thousand points of light." ((Perhaps some of you are still wondering what the heck I'm talking about. )) (LL) I've been using the phrase as shorthand for the fact that we are a nation of communities, of thousands of business and professional and religious and ethnic communities -- and in this diversity is our salvation. That's where America will be saved -- in our communities, which are spread like stars, like a thousand points of light in a broad and peaceful sky. The community, next to the family, is the most important unit of our nation. A community is more than brick and mortar. Our community, our town, our neighborhood -- it's where we live and work it's where our kids play it's where we invite friends over for a barbecue. America is only as good and as strong as our communities are good and strong. We are challenged today by the problems of the 20th Century: loneliness and homelessness, hunger and alienation, drug abuse and child abuse, teenage suicide, illiteracy. Frankly, the problems sometimes seem almost too numerous to count. To prepare for the 21st Century we need to build community spirit -- in every community large and small. We need to unlock 9 the love and the leadership that lie unconnected to someone else who cares. I need your help because you can add candle power to the thousand points of light. Where there is already light, let's work together to make it shine brighter. Where there is darkness, let us work together so that every child might feel the warm sunlight of hope and opportunity. I know that most of you are already involved in community service. I wish I had the time to single out every one of you who is deserving. The Mobil Corporation's "Clean Team/Green Team" program provides jobs for low-income, inner-city young people. Johnson and Johnson's "Shelter Aid" created the first-ever national toll-free domestic violence hotline. The K Mart Children's Tree has made it possible for thousands of children to receive a new present during the holidays. As I said, I wish I could mention everyone. To all of you who already serve your communities, I say: "Thank you. You have my heartfelt respect." And to those of you who are still looking for ways to help, come join me. I am not calling on you to reach into your pocket, I am calling on you to reach into your heart. If you do that, believe me, the money will take care of itself. 10 Join me, and together we will create innovative new programs to feed the hungry, house the homeless, care for -- and educate -- our children. With faith in the future, with trust in each other, with love for where we live, we will pitch in and build up a stronger, healthier, more caring nation. A kinder, gentler America. There is so much more to be done, and so much more you can do. Thank you. #### Document No. 062359 WHITE HOUSE STAFFING MEMORANDUM 1/31/89 12:00 2/1/89 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS SUBJECT: ACTION FYI ACTION FYI VICE PRESIDENT MCCLURE SUNUNU NEWMAN SCOWCROFT PORTER DARMAN STUDDERT BATES UNTERMEYER BREEDEN FIRESTONE CARD WINSTON CICCONI ROGERS DEMAREST Baskin FITZWATER Petersmeyer GRAY HAGIN REMARKS: Please provide your comments/recommendations directly to Chriss Winston's office with an info copy to my office by 12:00 Wednesday, February 1. Thank you. RESPONSE: on with edits Guess Peterminy James W. Cicconi Assistant to the President and Deputy to the Chief of Staff Ext. 2702 THE WHITE HOUSE WASHINGTON (McIntyre) January 31, 1989 1 p.m. PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS STATE DINING ROOM FEBRUARY 3, 1989 Thank you Thank you very much. It's great to see so many old friends here today -- ( (especially the ones who had the good sense to support me during the campaign. )) (LL) As a former businessman myself, I'm always pleased to have the opportunity to speak to business groups -- and this certainly is an esteemed gathering. (Of course, I was never as successful in business as any of you, but I guess I've turned out okay. )) (LL) ((In my early days in business, I travelled around selling drilling equipment for oil rigs down in Texas. One morning I stopped at a diner and ordered a cup of coffee and a couple of eggs. The waitress brought the order and said, "Will there be anything else?" I said, "How about a few kind words." She said, "Don't eat the eggs. ")) (LL) Having made my living in the hydro-carbon business, I have an appreciation for what those of you in business face. I know what its like to take risks I've met a payroll. I had to lay THE WHITE HOUSE people off when times were toughington Today we are in the midst of the longest peacetime economic expansion in our nation's history. Productivity is up. Real family income is up. A higher percentage of our men and women are at work than ever before. In fact, we've created more jobs since 1982 than all of Europe and Japan combined. I am proud of what American business has accomplished. We are the most prosperous, the most productive and generous nation on the face of the earth. At its best, American business reminds us of who we are. At its best, American business reminds us who we can be. Each and every one of you is American business at its best. And yet, in recent years we have seen too many people abuse the freedom of our marketplace. Too many people, both in private and public life, have discarded their moral compass on the way to the top. There has been insider trading on Wall Street, corruption in City Hall, and fraud and waste in Washington. I will tell you frankly that I feel angry and disgusted and betrayed when I see those who have held positions of trust, whether in government or the private sector, violate that trust for profit. They shame themselves, they shame our government, and they shame their business colleagues. Their actions are unacceptable -- above all THE because WHITE of HOUSE the poor example they set and the trust they break. WASHINGTON AND of Course I don IL also don't agree with the ruthless investor in the movie "Wall Street" who says, "Greed is good. Greed is right. Greed will save the U.S.A." It's unacceptable to pollute our environment in the name of greed. When the safety of working men and women is at stake it's unacceptable to cut corners in the name of greed. Profit is a legitimate force in the United States of America, greed is not. I don't believe it, and I know none of you do, either. (XX) Since I was sworn in as President ((2 weeks, 1 hour and 23 minutes ago)) (LL), I've been working hard to assemble a government that the American people can be proud of -- a government to a large extent alresdy comprised of honorable men and women who share my conviction that a public office is a public trust. My emphasis on ethical public service is not a fad or some passing fancy. It's something that I want my Administration to institutionalize. Last week I appointed a bi-partisan commission headed by Judge Wilkey and former Attorney General Griffin Bell to develop ethics reform proposals which will include all branches of the calling m Federal government. Today I am appealing to you to take THE WHITE HOUSE seriously the responsibility you have to be role models of WASHINGTON integrity within your own companies. It's your job to set the you, of corrse, standard for your employees, especially the younger executives who are just starting out. Part of that standard -- a big part of it -- is ethical conduct. Another part of it is service. the responsibility you have to look beyond your balance sheets to your own backyards -- your communities AMORICAN business has in strengthering are communities is critical, Henry David Thoreau once wrote that "It is true enough that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience." Ryon A What Thoreau was saying was that being in business does not remove a person's responsibility to help improve his or her community. Investing in your community is not, by any means, simple altruism. It is an investment in the future business climate of this country -- and goodness is one investment that always pays off. I have said that I want a kinder, gentler nation. Well, you can't legislate kindness. A President can't sign an executive order and create a gentle nation. RYDER A The efficient, competitive successes of American Business been integral in strengthening American society. But Thoreau understood correctly that strong profits alone are not enough to guarantee our future economic leadership in the community of nations. America has long been committed to helping people at home and abroad in achieving literacy, housing, safety -- a commitment that is born from our deep sense of justice and freedom. But there is more than altruism involved. But the Presidency does provide opportunity to set a tone, to lead a movement. Teddy Roosevelt called it the will bully pulpit " And so today I am using this bully pulpit to ask you to join me in a vast, cooperative movement unparalleled in magnitude and nobility of purpose -- a movement of national service. It will be a movement whose leadership extends from the South Lawn of the White House to the grassroots of America. A movement that respects the dignity of the individual and is steeped in the values that have made our nation great for more than 200 years. It's the spirit of neighbor-helping-neighbor that has made America the most decent and generous nation on earth. If we can rekindle the old embers of that spirit, America will become a kinder, gentler place to live. And that's where you come in. The essence of our government is that it is a democracy of, for, and by the people. To be successful, our movement of national service must also be of, for, and by the people. Yes, government has a role, and my Administration will never all people reach for their potentials) shirk its duty to help those who are less fortunate. house Believe me, when I look out the window of this magnificent building, I see the homeless sleeping on grates across the street. I've heard illiterate teenagers stumbling across the pages of a book. I understand the frustration HOLF WHOLTHE HSO whose skills have not kept WASHINGTON pace with our changing economy. The challenges are great, We must offer our hand to these people But government stat cannot do everything - Government cannot do it alone. And without the will of the people, it cannot do anything working the Communitis O businesses chrech groups I have opened the Office of National Service here in the White House, which will carry 1EAD out the volunteer and community a and national service programs that of my Administration, plans to lead. One of we will Notonly build on the areas is Private Sector Initiatives, which President Reagan began and many of you have been involved in, and I will build on and expand. but J will actively seek your letonship and involvement ON specific in itiatives. for example I am also committed to cultivating the ethic of community strengthering service among America's young people. During last fall's campaign, I promised to establish the YES to America Foundation, A FOUNDATION I will chair. or Youth Entering Service. The YES to America Foundation will serve as a public-private partnership to work with local community and school-based programs to involve teenagers and young adults in volunteer service. YES to America will be directed by citizens through a volunteer board of directors. And guess who's the chairman? I am. Lee Iacocca once told me that Whe only way to make sure exactly what you want to happen is happening. During the past several months, you may have heard me speak of "a thousand points of light. ( (Perhaps some of you are still wondering what the heck I'm talking about.) ) (LL) I've been using the phrase as shorthand for the fact that we are a nation of communities, of thousands of business and professional and religious and ethnic communities -- and in this of strength Key tosaccess diversity is our salvation. That's where America will be saved in our communities, which are spread like stars, like a thousand points of light in a broad and peaceful sky. The community, next to the family, is the most important unit of our nation. A community is more than brick and mortar. Our community, our town, our neighborhood -- it's where we live and work it's where our kids play it's where we invite friends over for a barbecue. America is only as good and as strong as our communities are good and strong. I AM committed to dramatically increasing Community participation in order to prognatically address The difficult problems challenging The country. To prepare for the 21st Century we need to build community spirit -- in every community large and small. We need to unlock CONCERN, rededication the love and the leadershipe unconnected to someone else WASHINGTON who cares. I know that most of you are already involved in community service. I wish I had the time to single out every one of you stat who is deserving. The Mobil Corporation's "Clean Team/Green Team" program provides jobs for low-income, inner-city young people. Johnson and Johnson's "Shelter Aid" created the first-ever national toll-free domestic violence hotline. The K Mart Children's Tree has made it possible for thousands of children to receive a new present during the holidays. of you who is desering As I said, I wish I could mention everyone To all of you who already serve your communities, I say: "Thank you. You have my heartfelt respect.' And to those of you who are still looking for ways to help, come join me. help us face the challenge. we will veed your contievelwork and expertise. I am not calling on you to reach into your pocket, I am calling on you to reach into your heart. If you do that, believe me, the money will take care of itself. Join me, and together we will create innovative new programs to feed the hungry, house the homeless, care for -- and educate -- our children. With faith in the future, with trust in each other, with love for where we live, we will pitch in and build up a stronger, healthier, more caring nation. A kinder, gentler Americante HOUSE WASHINGTON There is so much more to be done, and so much more you can do. Thank you. #### Document No. 00239 WHITE HOUSE STAFFING MEMORANDUM 89 JAN31 P 02:12 1/31/89 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: 12:00 2/1/89 PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS SUBJECT: ACTION FYI ACTION FYI VICE PRESIDENT MCCLURE SUNUNU NEWMAN SCOWCROFT PORTER DARMAN STUDDERT BATES UNTERMEYER BREEDEN FIRESTONE CARD WINSTON CICCONI ROGERS DEMAREST Baskin FITZWATER GRAY HAGIN REMARKS: Please provide your comments/recommendations directly to Chriss Winston's office with an info copy to my office by 12:00 Wednesday, February 1. Thank you. Rm 122 RESPONSE: alease see Corrections of Changes Which were done. Thanks James Deane W. Cicconi (X6611) Assistant to the President and Deputy to the Chief of Staff Ext. 2702 (McIntyre) January 31, 1989 1 p.m. PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS STATE DINING ROOM FEBRUARY 3, 1989 Thank you Thank you very much. It's great to see so many old friends here today -- ( (especially the ones who had the good sense to support me during the campaign.) ) (LL) As a former businessman myself, I'm always pleased to have the opportunity to speak to business groups -- and this certainly is an esteemed gathering. ((Of course, I was never as successful in business as any of you, but I guess I've turned out okay. )) (LL) ( (In my early days in business, I travelled around selling drilling equipment for oil rigs down in Texas. One morning I stopped at a diner and ordered a cup of coffee and a couple of eggs. The waitress brought the order and said, "Will there be anything else?" I said, "How about a few kind words." She said, "Don't eat the eggs. ")) (LL) Having made my living in the hydro-carbon business, I have an appreciation for what those of you in business face. I know 2 what its like to take risks. I've met a payroll. I had to lay people off when times were tough. That's one reason why during the past 8 years I spent so much of my time as Vice President trying to encourage economic growth by reducing unnecessary government regulations on of that business. The task force which I headed made considerable and progress I believe the prosperity we've enjoyed since 1982 stems in part from the increased freedom of a deregulated market. Today we are in the midst of the longest peacetime economic expansion in our nation's history. Productivity is up. Real family income is up. A higher percentage of our men and women are at work than ever before. In fact, we've created more jobs since 1982 than all of Europe and Japan combined. I am proud of what American business has accomplished. We not what are the most prosperous, the most productive and generous nation this on the face of the earth. At its best, American business reminds us of who we are. At its best, American business reminds us who charity we can be. Each and every one of you is American business at its Aventy #1? we best. And yet, in recent years we have seen too many people abuse the freedom of our marketplace. Too many people, both in private and public life, have discarded their moral compass on the way to 3 the top. There has been insider trading on Wall Street, corruption in City Hall, and influence peddling in Washington. I will tell you frankly that I feel angry and disgusted and betrayed when I see those who have held positions of trust, whether in government or the private sector, violate that trust for profit. They shame themselves, they shame our government, and they shame their business colleagues. Their actions are unacceptable -- above all because of the poor example they set and the trust they break. I also don't agree with the ruthless investor in the movie "Wall Street" who says, "Greed is good. Greed is right. Greed will save the U.S.A." It's unacceptable to pollute our environment in the name of padding profits. It's unacceptable to cut corners when the e safety of working men and women is at stake. It's unaccptable to True, ignore creative new ideas just because they cost a little more in but not "disgusting" the short run. enough to fif in context. Greed is not a legitimate force in the United States of America. I don't believe it, and I know none of you do, either. (XX) Since I was sworn in as President ((2 weeks, 1 hour and 23 minutes ago)) (LL), I've been working hard to assemble a 4 government_that the American people can be proud of -- a government comprised of honorable men and women who share my conviction that a public office is a public trust. My emphasis on ethical public service is not a fad or some passing fancy. It's something that I want my Administration to institutionalize. Ambassador, Last week I appointed a bi-partisan commission headed by Malcolm Judge Wilkey and former Attorney General Griffen Bell to develop ^ that address ethics reform proposals which will include all branches of the Federal government. Today I am appealing to you to take Wilkey indicated seriously the responsibility you have to be role models of heprefers of his integrity within your own companies. It's your job to set the west title standard for your employees, especially the younger executives who are just starting out. Part of that standard -- a big part of it -- is ethical conduct. Another part of it is service, the responsibility you have to look beyond your balance sheets to your own backyards -- your communities. Henry David Thoreau once wrote that "It is true enough that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience." What Thoreau was saying was that being in business does not remove a person's responsibility to help improve his or her community. Investing in your community is not, by any means, 5 simple altruism. It is an investment in the future business climate of this country -- and goodness is one investment that always pays off. Business benefits when America benefits, whether it's through a lower crime rate, a better educated workforce, or more affordable child care. A healthy society is the greatest asset any company can have. I have said that I want a kinder, gentler nation. Well, you can't legislate kindness. A President can't sign an executive order and create a gentle nation. But the Presidency does provide an incomparable opportunity to set a tone, to lead a movement. Teddy Roosevelt called it the "bully pulpit.' And so today I am using this bully pulpit to ask you to join me in a vast, cooperative movement unparalleled in magnitude and nobility of purpose -- a movement of national service. It will be a movement whose leadership extends from the South Lawn of the White House to the grassroots of America. A movement that respects the dignity of the individual and is steeped in the values that have made our nation great for more than 200 years. 6 Early-in the last century, the French observer Alexis de Tocqueville wrote these words about volunteer efforts in America: "I have often seen Americans make really great sacrifices for the common good, and I have noticed a hundred cases in which, when help was needed, they hardly ever failed to give each other trusty support the American's heart easily inclines toward benevolence. " I like that: "The American heart easily inclines toward benevolence." That spirit of neighbor-helping-neighbor has made America the most decent and generous nation on earth. If we can rekindle see environment the old embers of that spirit, America will become a kinder, gentler place to live. And that's where you come in. The essence of our government is that it is a democracy of, for, and by the people. To be successful, our movement of Has not. no national service must also be of, for, and by the people. Yes, government has a role, and my Administration will never shirk its duty to help those who are less fortunate. Believe me, when I look out the window of this magnificent building, I see S ce the homeless sleeping on grates across the street. I hear the illiterate teenagers stumbling across the pages of a book. I feel the frustration of workers whose skills have not kept pace with our changing economy. 7 We must offer our hand to these people. But government cannot do everything. Government cannot do it alone. And without the will of the people, it cannot do anything. I have opened the Office of National Service here in the White House, which will carry out the volunteer and community service programs that my Administration plans to lead. One of those areas is Private Sector Initiatives, which President Reagan began, many of you have been involved in, and I will build on and expand. I am also committed to cultivating the ethic of community service among America's young people. During last fall's campaign, I promised to establish the YES to America Foundation, Dear & or Youth Entering Service. The YES to America Foundation will serve as a public-private partnership to work with local drs?) wh they issuas policy related hithin volved defer this community and school-based programs to involve teenagers and young adults in volunteer service. YES to America will be directed by citizens through a volunteer board of directors. And guess who's going to be the chairman? I am. Lee Iacocca once told me that's the only way to make sure exactly what you want to happen is happening. CO During the past several months, you may have heard me speak of "a thousand points of light. If ((Perhaps some of you are still wondering what the heck I'm talking about.) ) (LL) I've been using the phrase as shorthand for the fact that we are a nation of communities, of thousands of business and professional and religious and ethnic communities -- and in this diversity is our salvation. That's where America will be saved -- in our communities, which are spread like stars, like a thousand points of light in a broad and peaceful sky. The community, next to the family, is the most important unit of our nation. A community is more than brick and mortar. Our community, our town, our neighborhood -- it's where we live and work it's where our kids play it's where we invite friends over for a barbecue. America is only as good and as strong as our communities are good and strong. We are challenged today by the problems of the 20th Century: loneliness and homelessness, hunger and alienation, drug abuse and child abuse, teenage suicide, illiteracy. Frankly, the problems sometimes seem almost too numerous to count. To prepare for the 21st Century we need to build community spirit -- in every community large and small. We need to unlock 9 the love and the leadership that lie unconnected to someone else who cares. I need your help because you can add candle power to the thousand points of light. Where there is already light, let's work together to make it shine brighter. Where there is darkness, let us work together so that every child might feel the warm sunlight of hope and opportunity. I know that most of you are already involved in community service. I wish I had the time to single out every one of you who is deserving. The Mobil Corporation's "Clean Team/Green Have entity Team" program provides jobs for low-income, inner-city young these been checked to people. Johnson and Johnson's "Shelter Aid" created the ont any first-ever national toll-free domestic violence hotline. The K Mart Children's Tree has made it possible for thousands of po children to receive a new present during the holidays. As I said, I wish I could mention everyone. To all of you who already serve your communities, I say: "Thank you. You have my heartfelt respect." And to those of you who are still looking for ways to help, come join me. I am not calling on you to reach into your pocket, I am calling on you to reach into your heart. If you do that, believe me, the money will take care of itself. Join me, and together we will create innovative new programs to feed the hungry, house the homeless, care for -- and educate -- our children. With faith in the future, with trust in each other, with love for where we live, we will pitch in and build up a stronger, healthier, more caring nation. A kinder, gentler America. There is so much more to be done, and so much more you can do. Thank you. #### Km 122 Document No. 06239 WHITE HOUSE STAFFING MEMORANDUM DATE: 1/31/89 ACTION/CONCURRENCE/COMMENT DUE BY: 12:00 2/1/89 SUBJECT: PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS ACTION FYI ACTION FYI VICE PRESIDENT MCCLURE SUNUNU NEWMAN SCOWCROFT PORTER DARMAN STUDDERT BATES UNTERMEYER BREEDEN FIRESTONE CARD WINSTON CICCONI ROGERS DEMAREST Baskin 5:45 FITZWATER GRAY HAGIN REMARKS: Please provide your comments/recommendations directly to Chriss Winston's office with an info copy to my office by 12:00 Wednesday, February 1. Thank you. christ I'm - See pp3+8 Two suggested changes mike RESPONSE: James W. Cicconi Assistant to the President and Deputy to the Chief of Staff Ext. 2702 (McIntyre) January 31, 1989 1 p.m. PRESIDENTIAL REMARKS: LUNCHEON WITH BUSINESS LEADERS STATE DINING ROOM FEBRUARY 3, 1989 Thank you Thank you very much. It's great to see so many old friends here today -- ( (especially the ones who had the good sense to support me during the campaign.)) (LL) As a former businessman myself, I'm always pleased to have the opportunity to speak to business groups -- and this certainly is an esteemed gathering. ((Of course, I was never as successful in business as any of you, but I guess I've turned out okay.) ) (LL) ( (In my early days in business, I travelled around selling drilling equipment for oil rigs down in Texas. One morning I stopped at a diner and ordered a cup of coffee and a couple of eggs. The waitress brought the order and said, "Will there be anything else?" I said, "How about a few kind words." She said, "Don't eat the eggs. ) ) (LL) Having made my living in the hydro-carbon business, I have an appreciation for what those of you in business face. I know 2 what its like to take risks. I've met a payroll. I had to lay people off when times were tough. That's one reason why during the past 8 years I spent so much of my time as Vice President trying to encourage economic growth by reducing unnecessary government regulations on business. The task force which I headed made considerable progress. I believe the prosperity we've enjoyed since 1982 stems in part from the increased freedom of a deregulated market. Today we are in the midst of the longest peacetime economic expansion in our nation's history. Productivity is up. Real family income is up. A higher percentage of our men and women are at work than ever before. In fact, we've created more jobs since 1982 than all of Europe and Japan combined. I am proud of what American business has accomplished. We are the most prosperous, the most productive and generous nation on the face of the earth. At its best, American business reminds us of who we are. At its best, American business reminds us who we can be. Each and every one of you is American business at its best. And yet, in recent years we have seen too many people abuse the freedom of our marketplace. Too many people, both in private and public life, have discarded their moral compass on the way to 3 the top. There has been insider trading on Wall Street, corruption in City Hall, and influence peddling in Washington. I will tell you frankly that I feel angry and disgusted and betrayed when I see those who have held positions of trust, whether in government or the private sector, violate that trust for profit. They shame themselves, they shame our government, and they shame their business colleagues. Their actions are unacceptable -- above all because of the poor example they set and the trust they break. I also don't agree with the ruthless investor in the movie "Wall Street" who says, "Greed is good. Greed is right. Greed will save the U.S.A." " It's unacceptable to pollute our environment in the name of padding profits. It's unacceptable to cut corners when the safety of working men and women is at stake. It's unaccptable to ignore creative new ideas just because they cost a little more in suggerlin new ideas worket dangnous products to there who don't understand the short run. the risk. inter won be Greed is not a legitimate force in the United States of America. I don't believe it, and I know none of you do, either. (XX) Since I was sworn in as President ((2 weeks, 1 hour and 23 minutes ago)) (LL), I've been working hard to assemble a 4 government that the American people can be proud of -- a government comprised of honorable men and women who share my conviction that a public office is a public trust. My emphasis on ethical public service is not a fad or some passing fancy. It's something that I want my Administration to institutionalize. Last week I appointed a bi-partisan commission headed by Judge Wilkey and former Attorney General Griffen Bell to develop ethics reform proposals which will include all branches of the Federal government. Today I am appealing to you to take seriously the responsibility you have to be role models of integrity within your own companies. It's your job to set the standard for your employees, especially the younger executives who are just starting out. Part of that standard -- a big part of it -- is ethical conduct. Another part of it is service, the responsibility you have to look beyond your balance sheets to your own backyards -- your communities. Henry David Thoreau once wrote that "It is true enough that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience." What Thoreau was saying was that being in business does not remove a person's responsibility to help improve his or her community. Investing in your community is not, by any means, 5 simple altruism. It is an investment in the future business climate of this country -- and goodness is one investment that always pays off. Business benefits when America benefits, whether it's through a lower crime rate, a better educated workforce, or more affordable child care. A healthy society is the greatest asset any company can have. I have said that I want a kinder, gentler nation. Well, you can't legislate kindness. A President can't sign an executive order and create a gentle nation. But the Presidency does provide an incomparable opportunity to set a tone, to lead a movement. Teddy Roosevelt called it the "bully pulpit." And so today I am using this bully pulpit to ask you to join me in a vast, cooperative movement unparalleled in magnitude and nobility of purpose -- a movement of national service. It will be a movement whose leadership extends from the South Lawn of the White House to the grassroots of America. A movement that respects the dignity of the individual and is steeped in the values that have made our nation great for more than 200 years. 6 Early in the last century, the French observer Alexis de Tocqueville wrote these words about volunteer efforts in America: "I have often seen Americans make really great sacrifices for the common good, and I have noticed a hundred cases in which, when help was needed, they hardly ever failed to give each other trusty support the American's heart easily inclines toward benevolence." I like that: "The American heart easily inclines toward benevolence." That spirit of neighbor-helping-neighbor has made America the most decent and generous nation on earth. If we can rekindle the old embers of that spirit, America will become a kinder, gentler place to live. And that's where you come in. The essence of our government is that it is a democracy of, for, and by the people. To be successful, our movement of national service must also be of, for, and by the people. Yes, government has a role, and my Administration will never shirk its duty to help those who are less fortunate. Believe me, when I look out the window of this magnificent building, I see the homeless sleeping on grates across the street. I hear the illiterate teenagers stumbling across the pages of a book. I feel the frustration of workers whose skills have not kept pace with our changing economy. 7 We must offer our hand to these people. But government cannot do everything. Government cannot do it alone. And without the will of the people, it cannot do anything. I have opened the Office of National Service here in the White House, which will carry out the volunteer and community service programs that my Administration plans to lead. One of those areas is Private Sector Initiatives, which President Reagan began, many of you have been involved in, and I will build on and expand. I am also committed to cultivating the ethic of community service among America's young people. During last fall's campaign, I promised to establish the YES to America Foundation, or Youth Entering Service. The YES to America Foundation will serve as a public-private partnership to work with local community and school-based programs to involve teenagers and young adults in volunteer service. YES to America will be directed by citizens through a volunteer board of directors. And guess who's going to be the chairman? I am. Lee Iacocca once told me that's the only way to make sure exactly what you want to happen is happening. CO During the past several months, you may have heard me speak of "a thousand points of light." ((Perhaps some of you are still wondering what the heck I'm talking about.)) (LL) I've been using the phrase as shorthand for the fact that we are a nation of communities, of thousands of business and professional and religious and ethnic communities -- and in this diversity is our salvation. That's where America will be saved -- in our communities, which are spread like stars, like a thousand points of light in a broad and peaceful sky. The community, next to the family, is the most important unit of our nation. A community is more than brick and mortar. Our community, our town, our neighborhood -- it's where we live and work it's where our kids play it's where we invite friends over for a barbecue. America is only as good and as strong as our communities are good and strong. We are challenged today by the problems of the 20th Century: loneliness and homelessness, hunger and alienation, drug abuse and child abuse, teenage suicide, illiteracy. Frankly, the too negative problems sometimes seem almost too numerous to count. may yeture new fn To prepare for the 21st Century we need to build community spirit -- in every community large and small. We need to unlock 9 the love and the leadership that lie unconnected to someone else who cares. I need your help because you can add candle power to the thousand points of light. Where there is already light, let's work together to make it shine brighter. Where there is darkness, let us work together so that every child might feel the warm sunlight of hope and opportunity. I know that most of you are already involved in community service. I wish I had the time to single out every one of you who is deserving. The Mobil Corporation's "Clean Team/Green Team" program provides jobs for low-income, inner-city young people. Johnson and Johnson's "Shelter Aid" created the first-ever national toll-free domestic violence hotline. The K Mart Children's Tree has made it possible for thousands of children to receive a new present during the holidays. As I said, I wish I could mention everyone. To all of you who already serve your communities, I say: "Thank you. You have my heartfelt respect." And to those of you who are still looking for ways to help, come join me. I am not calling on you to reach into your pocket, I am calling on you to reach into your heart. If you do that, believe me, the money will take care of itself. 10 Join me, and together we will create innovative new programs to feed the hungry, house the homeless, care for -- and educate -- our children. With faith in the future, with trust in each other, with love for where we live, we will pitch in and build up a stronger, healthier, more caring nation. A kinder, gentler America. There is so much more to be done, and so much more you can do. Thank you. ####