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Illinois Farm Bureau 12/10/91 [OA 6040] [2]
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SENT BY:The TICKET CENTER
:12- 9-91 ; 10:14 ; LEGISLATIVE AFFAIRS-
6218;# 2
Document No. 291780
91 NOV WHITE HOUSE STAFFING MEMORANDUM
42
DATE: December 7, 1991
ACTION/CONCURRENCE/COMMENT DUE BY: 10:00 A.M., MON. 12/09
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU, CHICAGO, ILLINOIS
SUBJECT:
TUES., DEC. 10, 1991
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SUNUNU
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
CARD
MCBRIDE
DEMAREST
SNOW
FITZWATER
BOSKIN
GRAY
MARTINEZ
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122,
x2930, no later than 10:00 A.M., MONDAY, DECEMBER 9, with a
copy to this office. Thank you.
RESPONSE:
JR-Check States
of Bill P94.
See Fins comments
- 2 brief Comments P95.
In Green-too!
PHILLIP D. BRADY
12/9/91 *
Assistant to the President
and Staff Secretary
Ext. 2702
SENT BY:The TICKET CENTER
;12- 9-91 ; 10:14 ; LEGISLATIVE AFFAIRS-
6218;# 3
(Duggan/Simon)
December 6, 1991
Draft Two
31 DEC 6 P6: 10
Farm.TS
PRESIDENTIAL REMARKS:
ILLINOIS FARM BUREAU
CHICAGO, ILLINOIS
TUESDAY, DECEMBER 10, 1991
[Acknowledgments]
I feel I've come to the right place. My top priority is to
get this country moving faster and more confidently on the path
of economic progress. With my visits this morning on the
trading floors at the Merc and the Board of Trade -- and now here
with the Illinois Farm Bureau -- I've had a chance to talk face
to face with men and women who are leading the way. Agriculture
is our perennial export leader, and recently exports have been
the leading factor in our overall economic growth. And here's
how important that is: Every billion dollars in manufactured
exports means 20,000 new American jobs. [get appropriate data on
farm exports in relation to jobs]
American farmers understand how the world works. They know
that taking a stand for peace and stability abroad, supporting
emerging democracies, and developing free and fair international
markets will make our national economy stronger. They know what
a robust American involvement in global trade represents on the
bottom line: It means higher net farm income.
So first, I want to offer enthusiastic thanks for the Farm
Bureau's efforts to keep America a leader in world commerce and
world security. I know I speak for several hundred thousand
SENT BY:The TICKET CENTER
:12- 9-91 ; 10:15 ; LEGISLATIVE AFFAIRS-
6218;# 4
2
young servicemen and women in saying thanks for all your support
during Desert Shield and Desert Storm. 11
The Farm Bureau's leadership is vital to our progress for
free and fair trade. You've made a big contribution to keeping
the North American Free Trade Talks moving on the fast track.
You've helped get our Enterprise for the Americas program off to
a great start, promoting trade and investment throughout the
Western Hemisphere. I can assure you: because of your
foresight, a generation from now hundreds of millions of North
and South Americans -- from the Illinois prairies to the
Argentine pampas -- will enjoy unprecedented prosperity and
economic security.
The day is soon approaching when we'll sign that historic
new agreement for global trade at the Uruguay round of the GATT
negotiations. GATT will revolutionize world agriculture trade,
opening markets and leveling the playing field for American
exports. When we achieve this, we'll owe an incalculable debt to
the Farm Bureau.
You're quite a contrast to the noisy voices that want to
withdraw us into isolationism and protectionism. They say they
want to put "America First." You have the common sense to
recognize that America is first -- and that we'll remain first
only if we stay engaged in world markets and involved in world
security.
In Kiev and Moscow and every other capital of the old Soviet
empire, everyone now admits that seventy years of socialism
SENT BY:The TICKET CENTER
:12- 9-91 ; 10:15 ; LEGISLATIVE AFFAIRS-
6218;# 5
3
turned eastern Europe's breadbaskets into basket cases. But here
in our own country, you and I have to contend with political
opponents want us to turn inward, slash production, toss our free
market successes on the trash heap, and hand our agriculture over
to a cadre of American commissars. 11 oh, well. You remember
what Yakov Smirnov says: "What a country!" 11
American agriculture is productive and competitive because
it stands on strong fundamentals. Take education for instance.
Farm communities face many hardships, but they always involve
parents in schools -- and that always produces better students.
With programs such as 4-H and FFA, rural America takes a leading
role in our America 2000 strategy to revolutionize our education.
( (I can't tell you how impressed I am at how much most farmers
know about computers. I've had enough trouble just finding the
"on" switch on mine.)) Anyone who doesn't appreciate the
agriculture
sophistication of the modern farmerk doesn't understand the modern
farmer, rancher or agribuisinempenson.
Last month, by the way, I spoke to 18,000 of our best and
brightest kids at the FFA convention in Kansas City. And let me
tell you: I can't contain my excitement thinking about the day
when those young men and women become the leaders of our country.
Consider problems like drugs, where not just the economy but
our deepest social and moral well-being is at stake. Wherever I
go in this country, I call attention to those who fight the drug
who
war on the front lines. I praise the businessmen keep drugs out
of their companies. So let me take this opportunity right now to
SENT BY:The TICKET CENTER
:12- 9-91 ; 10:16 ; LEGISLATIVE AFFAIRS-
6218;# 6
4
thank a couple of million Americans who don't get mentioned often
enough for their devotion in running drug-free workplaces. I'm
referring to the moms and dads and grandparents who run America's
family farms. 11
In government policy, we have some solid fundamentals to
keep our economy strong. I've followed policies and made
appointments that helped bring interest rates to their lowest
levels in nearly agricultural two decades. I know how important interest
rates are to the farmors' enterprises I'll work my hardest to
keep those rates down.
[We stand by our commitment to help ease the pain caused by
natural disasters. [[I'm proud to have signed this morning the
drought and disaster relief legislation. (Also any other
language on the bill) I only regret that Congress did not act
several months ago when I asked it urgently to provide these
funds. Illinois and neighboring states suffered unusually
severe droughts this year, and it is only fair that we keep to
our tradition of helping when such disasters strike.]
We know we've got more to do to get the economy on the move.
During the next session of Congress, I'll renew the fight for
series of growth initiatives. ((I'm a little self-conscious
about using this bit of Washingtonese here in the heartland. I
suspect that when you say "growth initiatives" in Illinois, the
ingredients that come to mind are hybrid seed, some good prairie
topsoil, and a lot of fertilizer. \ Back in Washington, we have
SENT BY:The TICKET CENTER
;12- 9-91 ; 10:16 ; LEGISLATIVE AFFAIRS-
6218;# 7
5
plenty of fertilizer -- and I'm not talking about the chemical
kind. \\\ ))
My legislative growth package aims at giving Americans the
freedom to get the highest yields from the plow-and-seed types of
growth package. A top priority is to cut capital gains taxes.
Our high taxes on capital gains are way out of line with the
policies in other successful economies. Germany has no capital
gains tax. Japan's effective rate is much, much lower than ours.
A capital gains tax cut will free up the capital we need for
growth. It will increase the value of land, labor and capital -
- all at once -- by reducing our tax on success.
Right now, we place entrepreneurs in a lose-lose situation.
When they risk money and effort on something that fails, they
lose. When they risk money on a winner, we tax their capital
gain -- and they lose again. We have to put an end to this lose-
lose approach to the economy. A capital gains cut will stimulate
investment and create jobs in every sector. Quite frankly, it
will restore some fundamental fairness to the way we treat
farmers and homeowners.
Capital gains tax relief is only part of our program.
mikely
Thanks to leadership from Illinois's own Sam Skinner, I've just
signed a transportation bill that creates new jobs while
rebuilding our infrastructure
]
I'm working for a research tax
credit to help new technologies create more jobs; for new IRAs to
help first-time home buyers; and for bank reform to help
SENT BY:The TICKET CENTER
:12- 9-91 ; 10:17 ; LEGISLATIVE AFFAIRS-
6218;# 8
6
Americans and our financial institutions compete in the 21st
century.
We want our children's future to be worthy of the dreams and
sacrifices that built and sustained America as a great nation.
Back in 1862, in spite of his preoccupation with a Civil War, our
greatest President enlarged his Cabinet to establish the U.S.
Department of Agriculture. Abraham Lincoln revered the American
farmer. He believed deeply and stated eloquently that a strong
American agriculture was the key to preserving our nation's
independence.
agriculture isa
A century and a quarter later, Illinois farmers are worthy
heir to Lincoln's vision. You and your organization form a
vital force for keeping America strong and free. I am delighted
to be with you and I am proud to work with you to help keep our
great country growing and thriving.
May God bless you and the United States of America.
#
#
#
WHITE HOUSE COMMCTR
SAT 07 DEC 91 20:20
PG.01
Document No. 291780
91 NOV 8 A10: 28
WHITE HOUSE STAFFING MEMORANDUM
DATE: December 7, 1991 ACTION/CONCURRENCE/COMMENT DUE BY: 10:00 A.M., MON., 12/09
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU, CHICAGO, ILLINOIS
SUBJECT:
TUES., DEC. 10, 1991
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SUNUNU
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
MCBRIDE
CARD
SNOW
DEMAREST
FITZWATER
BOSKIN
MARTINEZ
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122,
x2930, no later than 10:00 A.M., MONDAY, DECEMBER 9, with a
copy to this office. Thank you.
S.R
RESPONSE:
word
16/6/21
PHILLIP D. BRADY
Assistant to the President
WHITE HOUSE COMMCTR
SAT 07 DEC 91 20:08
PG.01
(Duggan/Simon)
December 6, 1991
Draft Two
01 DEC 6 P6: 10
Farm. TS
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU
CHICAGO, ILLINOIS
TUESDAY, DECEMBER 10, 1991
[Acknowledgments]
I feel I've come to the right place. My top priority is to
get this country moving faster and more confidently on the path
of economic progress. With my visits this morning on the
trading floors at the Merc and the Board of Trade -- and now here
with the Illinois Farm Bureau -- I've had a chance to talk face
to face with men and women who are leading the way. Agriculture
is our perennial export leader, and recently exports have been
the leading factor in our overall economic growth. And here's
how important that is: Every billion dollars in manufactured
exports means 20,000 new American jobs. [get appropriate data on
farm exports in relation to jobs]
American farmers understand how the world works. They know
that taking a stand for peace and stability abroad, supporting
emerging democracies, and developing free and fair international
markets will make our national economy stronger. They know what
a robust American involvement in global trade represents on the
bottom line: It means higher net farm income.
So first, I want to offer enthusiastic thanks for the Farm
Bureau's efforts to keep America a leader in world commerce and
world security. I know I speak for several hundred thousand
WHITE HOUSE COMMCTR
SAT 07 DEC 91 20:08
PG.02
2
young servicemen and women in saying thanks for all your support
during Desert Shield and Desert Storm.
The Farm Bureau's leadership is vital to our progress for
free and fair trade. You've made a big contribution to keeping
the North American Free Trade Talks moving on the fast track.
You've helped get our Enterprise for the Americas program off to
a great start, promoting trade and investment throughout the
Western Hemisphere. I can assure you: because of your
foresight, a generation from now hundreds of millions of North
and South Americans -- from the Illinois prairies to the
Argentine pampas -- will enjoy unprecedented prosperity and
economic security.
The day is soon approaching when we'll sign that historic
not
new agreement for global trade at the Uruguay round of the GATT
so
negotiations. GATT will revolutionize world agriculture trade,
opening markets and leveling the playing field for American
exports. When we achieve this, we'll owe an incalculable debt to
the Farm Bureau.
,WEll so do I, but...
You're quite a contrast to the noisy voices that want to
Pransition Better?
withdraw us into isolationism and protectionism. must) They say they
want to put "America First." You have the common sense to
recognize that America is first -- and that we'll remain first
only if we stay engaged in world markets and involved in world
security.
In Kiev and Moscow and every other capital of the old Soviet
empire, everyone now admits that seventy years of socialism
WHITE HOUSE COMMCTR
SAT 07 DEC 91 20:09
PG.03
3
turned eastern Europe's breadbaskets into basket cases. But here
in our own country, you and I have to contend with political
opponents want us to turn inward, slash production, toss our free
market successes on the trash heap, and hand our agriculture over
to a cadre of American commissars. 11 Oh, well. You remember
what Yakov Smirnov says: "What a country!" 11
American agriculture is productive and competitive because
it stands on strong fundamentals. Take education for instance.
Farm communities face many hardships, but they always involve
spell
parents in schools -- and that always produces better students.
With programs such as 4-H and FFA, rural America takes a leading
fature farmer out
role in our America 2000 strategy to revolutionize our education.
((I can't tell you how impressed I am at how much most farmers
know about computers. I've had enough trouble just finding the
"on" switch on mine.) ) Anyone who doesn't appreciate the
sophistication of the modern farmer doesn't understand the modern
farmer.
Last month, by the way, I spoke to 18,000 of our best and
brightest kids at the FFA convention in Kansas City. And let me
tell you: I can't contain my excitement thinking about the day
when those young men and women become the leaders of our country.
Consider problems like drugs, where not just the economy but
our deepest social and moral well-being is at stake. Wherever I
go in this country, I call attention to those who fight the drug
war on the front lines. I praise the businessmen keep drugs out
of their companies. So let me take this opportunity right now to
WHITE HOUSE COMMCTR
SAT 07 DEC 91 20:10
PG.04
4
thank a couple of million Americans who don't get mentioned often
enough for their devotion in running drug-free workplaces. I'm
referring to the moms and dads and grandparents who run America's
family farms.
In government policy, we have some solid fundamentals to
keep our economy strong. I've followed policies and made
appointments that helped bring interest rates to their lowest
levels in nearly two decades. I know how important interest
to]
rates are to the farmers' enterprise. I'll work my hardest to
keep those rates down.
good
[We stand by our commitment to help ease the pain caused by
natural disasters. [[I'm proud to have signed this morning the
can we
drought and disaster relief legislation. (Also any other
language on the bill) I only regret that Congress did not act
several months ago when I asked it urgently to provide these
funds. ]] Illinois and neighboring states suffered unusually
severe droughts this year, and it is only fair that we keep to
our tradition of helping when such disasters strike.]
We know we've got more to do to get the economy on the move.
During the next session of Congress, I'll renew the fight for
series of growth initiatives. ((I'm a little self-conscious
about using this bit of Washingtonese here in the heartland. I
suspect that when you say "growth initiatives" in Illinois, the
ingredients that come to mind are hybrid seed, some good prairie
topsoil, and a lot of fertilizer. \ Back in Washington, we have
WHITE HOUSE COMMCTR
SAT 07 DEC 91 20:10
PG.05
bad
5
plenty of fertilizer -- and I'm not talking about the chemical
kind. III))
My legislative growth package aims at giving Americans the
freedom to get the highest yields from the plow-and-seed types of
growth package. A top priority is to cut capital gains taxes.
define
Our high taxes on capital gains are way out of line with the
policies in other successful economies. Germany has no capital
gains tax. Japan's effective rate is much, much lower than ours.
A capital gains tax cut will free up the capital we need for
growth. It will increase the value of land, labor and capital -
- all at once -- by reducing our tax on success.
Right now, we place entrepreneurs in a lose-lose situation.
When they risk money and effort on something that fails, they
lose. When they risk money on a winner, we tax their capital
gain -- and they lose again. We have to put an end to this lose-
lose approach to the economy. A capital gains cut will stimulate
investment and create jobs in every sector. Quite frankly, it
will restore some fundamental fairness to the way we treat
farmers and homeowners.
Capital gains tax relief is only part of our program.
Thanks to leadership from Illinois's own Sam Skinner, I've just
signed a transportation bill that creates new jobs while
rebuilding our infrastructure. I'm working for a research tax
credit to help new technologies create more jobs; for new IRAs to
help first-time home buyers; and for bank reform to help
WHITE HOUSE COMMCTR
SAT 07 DEC 91 20:11
PG.06
6
Americans and our financial institutions compete in the 21st
century.
We want our children's future to be worthy of the dreams and
sacrifices that built and sustained America as a great nation.
Back in 1862, in spite of his preoccupation with a Civil War, our
greatest President enlarged his Cabinet to establish the U.S.
Department of Agriculture. Abraham Lincoln revered the American
farmer. He believed deeply and stated eloquently that a strong
American agriculture was the key to preserving our nation's
independence.
A century and a quarter later, Illinois farmers are worthy
heirs to Lincoln's vision. You and your organization form a
vital force for keeping America strong and free. I am delighted
to be with you and I am proud to work with you to help keep our
great country growing and thriving.
May God bless you and the United States of America.
#
#
#
Document No. 291780V
WHITE HOUSE STAFFING MEMORANDUM
91 NOV 8 All: 02
DATE: December 7, 1991. ACTION/CONCURRENCE/COMMENT DUE BY: 10:00 A.M., MON., 12/09
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU, CHICAGO, ILLINOIS
SUBJECT:
TUES., DEC. 10, 1991
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SUNUNU
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
CARD
MCBRIDE
SNOW
DEMAREST
FITZWATER
BOSKIN
MARTINEZ
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122,
x2930, no later than 10:00 A.M., MONDAY, DECEMBER 9, with a
copy to this office. Thank you.
RESPONSE:
4ae
OMMMENT
P.4
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
Ext. 2702
(Duggan/Simon)
December 6, 1991
Draft Two
01 DEC 6 P6: 10
Farm.TS
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU
CHICAGO, ILLINOIS
TUESDAY, DECEMBER 10, 1991
[Acknowledgments]
I feel I've come to the right place. My top priority is to
get this country moving faster and more confidently on the path
of economic progress. With my visits this morning on the
trading floors at the Merc and the Board of Trade -- and now here
with the Illinois Farm Bureau -- I've had a chance to talk face
to face with men and women who are leading the way. Agriculture
is our perennial export leader, and recently exports have been
the leading factor in our overall economic growth. And here's
how important that is: Every billion dollars in manufactured
exports means 20,000 new American jobs. [get appropriate data on
farm exports in relation to jobs]
American farmers understand how the world works. They know
that taking a stand for peace and stability abroad, supporting
emerging democracies, and developing free and fair international
markets will make our national economy stronger. They know what
a robust American involvement in global trade represents on the
bottom line: It means higher net farm income.
So first, I want to offer enthusiastic thanks for the Farm
Bureau's efforts to keep America a leader in world commerce and
world security. I know I speak for several hundred thousand
2
young servicemen and women in saying thanks for all your support
during Desert Shield and Desert Storm. 11
The Farm Bureau's leadership is vital to our progress for
free and fair trade. You've made a big contribution to keeping
the North American Free Trade Talks moving on the fast track.
You've helped get our Enterprise for the Americas program off to
a great start, promoting trade and investment throughout the
Western Hemisphere. I can assure you: because of your
foresight, a generation from now hundreds of millions of North
and South Americans -- from the Illinois prairies to the
Argentine pampas -- will enjoy unprecedented prosperity and
economic security.
The day is soon approaching when we'll sign that historic
new agreement for global trade at the Uruguay round of the GATT
negotiations. GATT will revolutionize world agriculture trade,
opening markets and leveling the playing field for American
exports. When we achieve this, we'll owe an incalculable debt to
the Farm Bureau.
You're quite a contrast to the noisy voices that want to
withdraw us into isolationism and protectionism. They say they
want to put "America First." You have the common sense to
recognize that America is first -- and that we'll remain first
only if we stay engaged in world markets and involved in world
security.
In Kiev and Moscow and every other capital of the old Soviet
empire, everyone now admits that seventy years of socialism
3
turned eastern Europe's breadbaskets into basket cases. But here
in our own country, you and I have to contend with political
opponents want us to turn inward, slash production, toss our free
market successes on the trash heap, and hand our agriculture over
to a cadre of American commissars. 11 Oh, well. You remember
what Yakov Smirnov says: "What a country!" 11
American agriculture is productive and competitive because
it stands on strong fundamentals. Take education for instance.
Farm communities face many hardships, but they always involve
parents in schools -- and that always produces better students.
With programs such as 4-H and FFA, rural America takes a leading
role in our America 2000 strategy to revolutionize our education.
((I can't tell you how impressed I am at how much most farmers
know about computers. I've had enough trouble just finding the
"on" switch on mine.) Anyone who doesn't appreciate the
sophistication of the modern farmer doesn't understand the modern
farmer.
Last month, by the way, I spoke to 18,000 of our best and
brightest kids at the FFA convention in Kansas City. And let me
tell you: I can't contain my excitement thinking about the day
when those young men and women become the leaders of our country.
Consider problems like drugs, where not just the economy but
our deepest social and moral well-being is at stake. Wherever I
go in this country, I call attention to those who fight the drug
war on the front lines. I praise the businessmen keep drugs out
of their companies. So let me take this opportunity right now to
4
thank a couple of million Americans who don't get mentioned often
enough for their devotion in running drug-free workplaces. I'm
referring to the moms and dads and grandparents who run America's
family farms.
In government policy, we have some solid fundamentals to
keep our economy strong. I've followed policies and made
appointments that helped bring interest rates to their lowest
levels in nearly two decades. I know how important interest
rates are to the farmers' enterprise. I'll work my hardest to
keep those rates down.
[We stand by our commitment to help ease the pain caused by
natural disasters. [[I'm proud to have signed this morning the
drought and disaster relief legislation. (Also any other
language on the bill) I only regret that Congress did not act
several months ago when I asked it urgently to provide these
funds. ]] Illinois and neighboring states suffered unusually
severe droughts this year, and it is only fair that we keep to
our tradition of helping when such disasters strike. ]
We know we've got more to do to get the economy on the move.
During the next session of Congress, I'll renew the fight for
series of growth initiatives. ((I'm a little self-conscious
about using this bit of Washingtonese here in the heartland. I
suspect that when you say "growth initiatives" in Illinois, the
ingredients that come to mind are hybrid seed, some good prairie
topsoil, and a lot of fertilizer. \ Back in Washington, we have
AAD TRANSPORTATION BILL
5
plenty of fertilizer -- and I'm not talking about the chemical
kind. \\\))
My legislative growth package aims at giving Americans the
freedom to get the highest yields from the plow-and-seed types of
growth package. A top priority is to cut capital gains taxes.
Our high taxes on capital gains are way out of line with the
policies in other successful economies. Germany has no capital
gains tax. Japan's effective rate is much, much lower than ours.
A capital gains tax cut will free up the capital we need for
growth. It will increase the value of land, labor and capital -
- all at once -- by reducing our tax on success.
Right now, we place entrepreneurs in a lose-lose situation.
When they risk money and effort on something that fails, they
lose. When they risk money on a winner, we tax their capital
gain -- and they lose again. We have to put an end to this lose-
lose approach to the economy. A capital gains cut will stimulate
investment and create jobs in every sector. Quite frankly, it
will restore some fundamental fairness to the way we treat
farmers and homeowners.
Capital gains tax relief is only part of our program.
Thanks to leadership from Illinois's own Sam Skinner, I've just
signed a transportation bill that creates new jobs while
rebuilding our infrastructure. I'm working for a research tax
credit to help new technologies create more jobs; for new IRAs to
help first-time home buyers; and for bank reform to help
6
Americans and our financial institutions compete in the 21st
century.
We want our children's future to be worthy of the dreams and
sacrifices that built and sustained America as a great nation.
Back in 1862, in spite of his preoccupation with a Civil War, our
greatest President enlarged his Cabinet to establish the U.S.
Department of Agriculture. Abraham Lincoln revered the American
farmer. He believed deeply and stated eloquently that a strong
American agriculture was the key to preserving our nation's
independence.
A century and a quarter later, Illinois farmers are worthy
heirs to Lincoln's vision. You and your organization form a
vital force for keeping America strong and free. I am delighted
to be with you and I am proud to work with you to help keep our
great country growing and thriving.
May God bless you and the United States of America.
#
#
#
Document No. 291780
WHITE HOUSE STAFFING MEMORANDUM
91 DEC 9 P5: 33
DATE: December 7, 1991 ACTION/CONCURRENCE/COMMENT DUE BY: 10:00 A.M., MON., 12/09
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU, CHICAGO, ILLINOIS
SUBJECT:
TUES., DEC. 10, 1991
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SUNUNU
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
CARD
MCBRIDE
SNOW
DEMAREST
FITZWATER
BOSKIN
GRAY
MARTINEZ
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122,
x2930, no later than 10:00 A.M., MONDAY, DECEMBER 9, with a
copy to this office. Thank you.
RESPONSE:
PHIL:
I CALLED THESE COMMENTS IN TO
TONY SNOW.
PHILLIP D. BRADY
Assistant to the President
ROGER
and Staff Secretary
Ext. 2702
(Duggan/Simon)
December 6, 1991
Draft Two
01 DEC 6 P6: 10
Farm.TS
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU
CHICAGO, ILLINOIS
TUESDAY, DECEMBER 10, 1991
[Acknowledgments]
I feel I've come to the right place. My top priority is to
get this country moving faster and more confidently on the path
IN
of economic progress. With my visits this morning on TO the
trading floors at the Merc and the Board of Trade -- and now here
with the Illinois Farm Bureau -- I've had a chance to talk face
to face with men and women who are leading the way. Agriculture
is our perennial export leader, and recently exports have been
ARE A
the leading factor in our overall economic growth. And here's
SHOULD
how important that is: Every billion dollars in manufactured
THIS A FARM
exports means 20,000 new American jobs. [get appropriate data on
farm exports in relation to jobs]
American farmers understand how the world works. They know
that taking a stand for peace and stability abroad, supporting
emerging democracies, and developing free and fair international
markets will make our national economy stronger. They know what
a robust American involvement in global trade represents on the
bottom line: It means higher net farm income.
So first, I want to offer enthusiastic thanks for the Farm
Bureau's efforts to keep America a leader in world commerce and
world security. I know I speak for several hundred thousand
2
young servicemen and women in saying thanks for all your support
during Desert Shield and Desert Storm. 11
The Farm Bureau's leadership is vital to our progress for
free and fair trade. You've made a big contribution to keeping
the North American Free Trade Talks moving on the fast track.
You've helped get our Enterprise for the Americas program off to
a great start, promoting trade and investment throughout the
Western Hemisphere. I can assure you: because of your
foresight, a generation from now hundreds of millions of North
and South Americans -- from the Illinois prairies to the
Argentine pampas -- will enjoy unprecedented prosperity and
economic security.
SECRETARY MADIGAN AND AMBASSADOR HILLS ARE WORKING
The day is soon approaching when we 41 sign that historic
HARD TO SECURE A SOLID AGREEMENT THE HISTORIC URUGUAY ROUND OF
new agreement for global trade at the Uruguay round of the GATT
GLOBAL TRADE NEGOTIATION, A SUCCESSFUL ROUND
negotiations GATT L will revolutionize world agriculture trade,
opening markets and leveling the playing field for American
exports. When we achieve this, we'll owe an incalculable debt to
the Farm Bureau.
You're quite a contrast to the noisy voices that want to
withdraw us into isolationism and protectionism. They say they
want to put "America First." You have the common sense to
recognize that America is first -- and that we'll remain first
only if we stay engaged in world markets and involved in world
security.
In Kiev and Moscow and every other capital of the old Soviet
empire, everyone now admits that seventy years of socialism
3
turned eastern Europe's breadbaskets into basket cases. But here
in our own country, you and I have to contend with political
opponents want us to turn inward, slash production, toss our free
market successes on the trash heap, and hand our agriculture over
to a cadre of American commissars. 11 Oh, well. You remember
what Yakov Smirnov says: "What a country!" 11
American agriculture is productive and competitive because
it stands on strong fundamentals. Take education for instance.
Farm communities face many hardships, but they always involve
parents in schools -- and that always produces better students.
With programs such as 4-H and FFA, rural America takes a leading
role in our America 2000 strategy to revolutionize our education.
((I can't tell you how impressed I am at how much most farmers
know about computers. I've had enough trouble just finding the
"on" switch on mine. )) Anyone who doesn't appreciate the
sophistication of the modern farmer doesn't understand the modern
farmer.
Last month, by the way, I spoke to 18,000 of our best and
brightest kids at the FFA convention in Kansas City. And let me
tell you: I can't contain my excitement thinking about the day
when those young men and women become the leaders of our country.
Consider problems like drugs, where not just the economy but
our deepest social and moral well-being is at stake. Wherever I
go in this country, I call attention to those who fight the drug
war on the front lines. I praise the businessmen keep drugs out
of their companies. So let me take this opportunity right now to
4
thank a couple of million Americans who don't get mentioned often
enough for their devotion in running drug-free workplaces. I'm
referring to the moms and dads and grandparents who run America's
family farms. 11
In government policy, we have some solid fundamentals to
keep our economy strong. I've followed policies and made
appointments that helped bring interest rates to their lowest
levels in nearly two decades. I know how important interest
rates are to the farmers' enterprise. I'll work my hardest to
keep those rates down.
[We stand by our commitment to help ease the pain caused by
natural disasters. [[I'm proud to have signed this morning the
drought and disaster relief legislation. (Also any other
language on the bill) I only regret that Congress did not act
several months ago when I asked it urgently to provide these
funds. ]] Illinois and neighboring states suffered unusually
severe droughts this year, and it is only fair that we keep to
our tradition of helping when such disasters strike. ]
We know we've got more to do to get the economy on the move.
During the next session of Congress, I'll renew the fight for
series of growth initiatives. ((I'm a little self-conscious
about using this bit of Washingtonese here in the heartland. I
suspect that when you say "growth initiatives" in Illinois, the
ingredients that come to mind are hybrid seed, some good prairie
topsoil, and a lot of fertilizer. \ Back in Washington, we have
5
plenty of fertilizer -- and I'm not talking about the chemical
kind. \\\))
My legislative growth package aims at giving Americans the
freedom to get the highest yields from the plow-and-seed types of
growth package. A top priority is to cut capital gains taxes.
Our high taxes on capital gains are way out of line with the
policies in other successful economies. Germany has no capital
gains tax. Japan's effective rate is much, much lower than ours.
A capital gains tax cut will free up the capital we need for
growth. It will increase the value of land, labor and capital -
- all at once -- by reducing our tax on success.
Right now, we place entrepreneurs in a lose-lose situation.
When they risk money and effort on something that fails, they
lose. When they risk money on a winner, we tax their capital
gain -- and they lose again. We have to put an end to this lose-
lose approach to the economy. A capital gains cut will stimulate
investment and create jobs in every sector. Quite frankly, it
will restore some fundamental fairness to the way we treat
farmers and homeowners.
Capital gains tax relief is only part of our program.
Thanks to leadership from Illinois's own Sam Skinner, I've just
signed a transportation bill that creates new jobs while
rebuilding our infrastructure. I'm working for a research tax
credit to help new technologies create more jobs; for new IRAs to
help first-time home buyers; and for bank reform to help
6
Americans and our financial institutions compete in the 21st
century.
We want our children's future to be worthy of the dreams and
sacrifices that built and sustained America as a great nation.
Back in 1862, in spite of his preoccupation with a Civil War, our
greatest President enlarged his Cabinet to establish the U.S.
Department of Agriculture. Abraham Lincoln revered the American
farmer. He believed deeply and stated eloquently that a strong
American agriculture was the key to preserving our nation's
independence.
A century and a quarter later, Illinois farmers are worthy
heirs to Lincoln's vision. You and your organization form a
vital force for keeping America strong and free. I am delighted
to be with you and I am proud to work with you to help keep our
great country growing and thriving.
May God bless you and the United States of America.
#
#
#
Document No. 291780
WHITE HOUSE STAFFING MEMORANDUM
DATE: December 7, 1991 ACTION/CONCURRENCE/COMMENT DUE BY: 10:00 A.M., MON., 12/09
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU, CHICAGO, ILLINOIS
SUBJECT:
TUES., DEC. 10, 1991
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SUNUNU
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
CARD
MCBRIDE
SNOW
DEMAREST
FITZWATER
BOSKIN
MARTINEZ
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122,
x2930, no later than 10:00 A.M., MONDAY, DECEMBER 9, with a
copy to this office. Thank you.
RESPONSE:
See comments
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
Ext. 2702
(Duggan/Simon)
December 6, 1991
Draft Two
01 DEC 6 P6: 10
Farm.TS
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU
CHICAGO, ILLINOIS
TUESDAY, DECEMBER 10, 1991
[Acknowledgments]
I feel I've come to the right place. My top priority is to
get this country moving faster and more confidently on the path
of economic progress. With my visits this morning on the
trading floors at the Merc and the Board of Trade -- and now here
with the Illinois Farm Bureau -- I've had a chance to talk face
to face with men and women who are leading the way. Agriculture
is our perennial export leader, and recently exports have been
the leading factor in our overall economic growth. And here's
Farm
2852
how important that is: Every billion dollars in manufactured
30,000
exports means 20,000 new American jobs. [get appropriate data on
farm exports in relation to jobs]
American farmers understand how the world works. They know
that taking a stand for peace and stability abroad, supporting
emerging democracies, and developing free and fair international
markets will make our national economy stronger. They know what
a robust American involvement in global trade represents on the
bottom line: It means higher net farm income.
So first, I want to offer enthusiastic thanks for the Farm
Bureau's efforts to keep America a leader in world commerce and
world security. I know I speak for several hundred thousand
2
young servicemen and women in saying thanks for all your support
during Desert Shield and Desert Storm. 11
The Farm Bureau's leadership is vital to our progress for
free and fair trade. You've made a big contribution to keeping
the North American Free Trade Talks moving on the fast track.
You've helped get our Enterprise for the Americas program off to
a great start, promoting trade and investment throughout the
Western Hemisphere. I can assure you: because of your
foresight, a generation from now hundreds of millions of North
and South Americans -- from the Illinois prairies to the
Argentine pampas -- will enjoy unprecedented prosperity and
economic security.
The day is soon approaching when we'll sign that historic
new agreement for global trade at the Uruguay round of the GATT
negotiations. GATT will revolutionize world agriculture trade,
opening markets and leveling the playing field for American
exports. When we achieve this, we'll owe an incalculable debt to
the Farm Bureau.
You're quite a contrast to the noisy voices that want to
withdraw us into isolationism and protectionism. They say they
want to put "America First." You have the common sense to
recognize that America is first -- and that we'll remain first
only if we stay engaged in world markets and involved in world
security.
In Kiev and Moscow and every other capital of the old Soviet
empire, everyone now admits that seventy years of socialism
3
turned eastern Europe's breadbaskets into basket cases. But here
in our own country, you and I have to contend with political
opponents who want us to turn inward, slash production, toss our free
soully
45178
market successes on the trash heap, and hand our agriculture over
to a cadre of American commissars. 11 Oh, well. You remember
what Yakov Smirnov says: "What a country!" 11
American agriculture is productive and competitive because
it stands on strong fundamentals. Take education for instance.
Farm communities face many hardships, but they always involve
parents in schools -- and that always produces better students.
With programs such as 4-H and FFA, rural America takes a leading
role in our America 2000 strategy to revolutionize our education.
( (I can't tell you how impressed I am at how much most farmers
know about computers. I've had enough trouble just finding the
"on" switch on mine. )) Anyone who doesn't appreciate the
sophistication of the modern farmer doesn't understand the modern
farmer.
Last month, by the way, I spoke to 18,000 of our best and
brightest kids at the FFA convention in Kansas City. And let me
tell you: I can't contain my excitement thinking about the day
when those young men and women become the leaders of our country.
Consider problems like drugs, where not just the economy but
our deepest social and moral well-being is at stake. Wherever I
go in this country, I call attention to those who fight the drug
war on the front lines. I praise the businessmen/) who keep drugs out
of their companies. So let me take this opportunity right now to
4
thank a couple of million Americans who don't get mentioned often
enough for their devotion in running drug-free workplaces. I'm
referring to the moms and dads and grandparents who run America's
family farms. 11
In government policy, we have some solid fundamentals to
keep our economy strong. I've followed policies and made
appointments that helped bring interest rates to their lowest
levels in nearly two decades. I know how important interest
rates are to the farmers' enterprise. I'll work my hardest to
keep those rates down.
[We stand by our commitment to help ease the pain caused by
natural disasters. [[I'm proud to have signed this morning the
being Parasmph bill
drought and disaster relief legislation. (Also any other
language on the bill) I only regret that Congress did not act
manner, bisined., a
several months ago when I asked it urgently to provide these
funds. ]] Illinois and neighboring states suffered unusually
severe droughts this year, and it is only fair that we keep to
our tradition of helping when such disasters strike.]
We know we've got more to do to get the economy on the move.
During the next session of Congress, I'll renew the fight for
a
series of growth initiatives. ((I'm a little self-conscious
about using this bit of Washingtonese here in the heartland. I
suspect that when you say "growth initiatives" in Illinois, the
ingredients that come to mind are hybrid seed, some good prairie
topsoil, and a lot of fertilizer. \ Back in Washington, we have
5
plenty of fertilizer -- and I'm not talking about the chemical
kind. \\\\))
My legislative growth package aims at giving Americans the
freedom to get the highest yields from the plow-and-seed types of
growth package. A top priority is to cut capital gains taxes.
Our high taxes on capital gains are way out of line with the
policies in other successful economies. Germany has no capital
gains tax. Japan's effective rate is much, much lower than ours.
A capital gains tax cut will free up the capital we need for
growth. It will increase the value of land, labor and capital -
- all at once -- by reducing our tax on success.
Right now, we place entrepreneurs in a lose-lose situation.
When they risk money and effort on something that fails, they
lose. When they risk money on a winner, we tax their capital
gain -- and they lose again. We have to put an end to this lose-
lose approach to the economy. A capital gains cut will stimulate
investment and create jobs in every sector. Quite frankly, it
will restore some fundamental fairness to the way we treat
farmers and homeowners.
Capital gains tax relief is only part of our program.
Thanks to leadership from Illinois's own Sam Skinner, I've just
signed a transportation bill that creates new jobs while
rebuilding our infrastructure. I'm working for a research tax
credit to help new technologies create more jobs; for new IRAs to
help first-time home buyers; and for bank reform to help
6
Americans and our financial institutions compete in the 21st
century.
We want our children's future to be worthy of the dreams and
sacrifices that built and sustained America as a great nation.
Back in 1862, in spite of his preoccupation with a Civil War, our
greatest President enlarged his Cabinet to establish the U.S.
Department of Agriculture. Abraham Lincoln revered the American
farmer. He believed deeply and stated eloquently that a strong
American agriculture was the key to preserving our nation's
independence.
A century and a quarter later, Illinois farmers are worthy
heirs to Lincoln's vision. You and your organization form a
vital force for keeping America strong and free. I am delighted
to be with you and I am proud to work with you to help keep our
great country growing and thriving.
May God bless you and the United States of America.
#
#
#
THE WHITE HOUSE
WASHINGTON
December 9, 1991
MEMORANDUM FOR ROBERT A. SNOW
DEPUTY ASSISTANT TO THE PRESIDENT FOR
COMMUNICATIONS AND DIRECTOR OF SPEECHWRITING
FROM:
ROBERT T. SWANSON RTS/LBR
ASSISTANT COUNSEL TO THE PRESIDENT
SUBJECT:
Presidential Remarks: Illinois Farm Bureau,
Chicago, Illinois - Tuesday, December 10, 1991
The Counsel's Office has no legal objection to the above-
subject.
Attachment
CC: Phillip D. Brady
91 DEC 9 P6: 40
Document
No. 291780
8947
WHITE HOUSEC STAFFING MEMORANDUM
04
DATE: December 7, 1991 ACTION/CONCURRENCE/COMMENT DUE BY: 10:00 A.M., MON., 12/09
PRESIDENTIAL REMARKS: ILLINOIS FARM BUREAU, CHICAGO, ILLINOIS
SUBJECT:
TUES., DEC. 10, 1991
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SUNUNU
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
CARD
MCBRIDE
SNOW
DEMAREST
FITZWATER
BOSKIN
MARTINEZ
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122,
x2930, no later than 10:00 A.M., MONDAY, DECEMBER 9, with a
copy to this office. Thank you.
RESPONSE:
TO: TONY SNOW
December 9, 1991
NSC concurs with the attached as revised.
Brent B Scowcroft
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
CC: Phillip Brady
Ext. 2702
(Duggan/Simon)
December 6, 1991
Draft Two
01 DEC 6 P6: 10
Farm. TS
PRESIDENTIAL REMARKS:
ILLINOIS FARM BUREAU
CHICAGO, ILLINOIS
TUESDAY, DECEMBER 10, 1991
[Acknowledgments]
I feel I've come to the right place. My top priority is to
get this country moving faster and more confidently on the path
of economic progress. With my visits this morning on the
trading floors at the Merc and the Board of Trade -- and now here
with the Illinois Farm Bureau -- I've had a chance to talk face
to face with men and women who are leading the way. Agriculture
is our perennial export leader, and recently exports have been
the leading factor in our overall economic growth. ? And here's
Pritting
how important that is: Every billion dollars in manufactured
this
exports means 20,000 new American jobs. [get appropriate data on
the
farm exports in relation to jobs]
THE
American farmers understand how the world works. They know
Nile
that taking a stand for peace and stability abroad, supporting
30d.
emerging democracies, and developing free and fair international
markets will make our national economy stronger. They know what
2
a robust American involvement in global trade represents on the
bottom line: It means higher net farm income.
So first, I want to offer enthusiastic thanks for the Farm
Bureau's efforts to keep America a leader in world commerce and
world security. I know I speak for several hundred thousand
2
young servicemen and women in saying thanks for all your support
during Desert Shield and Desert Storm.
The Farm Bureau's leadership is vital to our progress for
free and fair trade. You've made a big contribution to keeping
the North American Free Trade Talks moving on the fast track.
You've helped get our Enterprise for the Americas program off to
a great start, promoting trade and investment throughout the
Western Hemisphere. I can assure you: because of your
foresight, a generation from now hundreds of millions of North
and South Americans -- from the Illinois prairies to the
Argentine pampas -- will enjoy unprecedented prosperity and
economic security.
I hope
The day is soon approaching when we'll sign that historic
1
new agreement for global trade at the Uruguay round of the GATT
negotiations. GATT will revolutionize world agriculture trade,
opening markets and leveling the playing field for American
exports. When we achieve this, we'll owe an heavy incalculable debt to
the Farm Bureau.
You're quite a contrast to the noisy voices that want to
withdraw us into isolationism and protectionism. They say they
want to put "America First." You have the common sense to
recognize that America is first -- and that we'll remain first
only if we stay engaged in world markets and involved in world
security.
In Kiev and Moscow and every other capital of the old Soviet
empire, everyone now admits that seventy years of socialism
3
turned eastern Europe's breadbaskets into basket cases. But here
in our own country, you and I have to contend with political
opponents want us to turn inward, slash production, toss our free
market successes on the trash heap, and hand our agriculture over
to a cadre of American commissars. 11 Oh, well. You remember
what Yakov Smirnov says: "What a country!"
American agriculture is productive and competitive because
it stands on strong fundamentals. Take education for instance.
Farm communities face many hardships, but they always involve
parents in schools -- and that always produces better students.
With programs such as 4-H and FFA, rural America takes a leading
role in our America 2000 strategy to revolutionize our education.
((I can't tell you how impressed I am at how much most farmers
know about computers. I've had enough trouble just finding the
"on" switch on mine.)) Anyone who doesn't appreciate the
sophistication of the modern farmer doesn't understand the modern
farmer.
Last month, by the way, I spoke to 18,000 of our best and
brightest kids at the FFA convention in Kansas City. And let me
tell you: I can't contain my excitement thinking about the day
when those young men and women become the leaders of our country.
Consider problems like drugs, where not just the economy but
our deepest social and moral well-being is at stake. Wherever I
go in this country, I call attention to those who fight the drug
who
war on the front lines. I praise the businessmen, keep drugs out
of their companies. So let me take this opportunity right now to
4
thank a couple of million Americans who don't get mentioned often
enough for their devotion in running drug-free workplaces. I'm
referring to the moms and dads and grandparents who run America's
family farms. 11
In government policy, we, have some solid fundamentals to
keep our economy strong. I've followed policies and made
appointments that helped bring interest rates to their lowest
levels in nearly two decades. I know how important interest
rates are to the farmers' enterprise. I'll work my hardest to
keep those rates down.
[We stand by our commitment to help ease the pain caused by
natural disasters. [[I'm proud to have signed this morning the
drought and disaster relief legislation. (Also any other
language on the bill) I only regret that Congress did not act
several months ago when I asked it urgently to provide these
funds. ]] Illinois and neighboring states suffered unusually
severe droughts this year, and it is only fair that we keep to
our tradition of helping when such disasters strike.]
We know we've got more to do to get the economy on the move.
During the next session of Congress, I'll renew the fight for
series of growth initiatives. ((I'm a little self-conscious
about using this bit of Washingtonese here in the heartland. I
suspect that when you say "growth initiatives" in Illinois, the
ingredients that come to mind are hybrid seed, some good prairie
topsoil, and a lot of fertilizer. \ Back in Washington, we have
5
plenty of fertilizer -- and I'm not talking about the chemical
kind. \\\ ))
My legislative growth package aims at giving Americans the
freedom to get the highest yields from the plow-and-seed types of
growth package. A top priority is to cut capital gains taxes.
Our high taxes on capital gains are way out of line with the
policies in other successful economies. Germany has no capital
gains tax. Japan's effective rate is much, much lower than ours.
A capital gains tax cut will free up the capital we need for
growth. It will increase the value of land, labor and capital -
- all at once -- by reducing our tax on success.
Right now, we place entrepreneurs in a lose-lose situation.
When they risk money and effort on something that fails, they
lose. When they risk money on a winner, we tax their capital
gain -- and they lose again. We have to put an end to this lose-
lose approach to the economy. A capital gains cut will stimulate
investment and create jobs in every sector. Quite frankly, it
will restore some fundamental fairness to the way we treat
farmers and homeowners.
Capital gains tax relief is only part of our program.
Thanks to leadership from Illinois's own Sam Skinner, I've just
signed a transportation bill that creates new jobs while
rebuilding our infrastructure. I'm working for a research tax
credit to help new technologies create more jobs; for new IRAs to
help first-time home buyers; and for bank reform to help
6
Americans and our financial institutions compete in the 21st
century.
We want our children's future to be worthy of the dreams and
sacrifices that built and sustained America as a great nation.
Back in 1862, in spite of his preoccupation with a Civil War, our
greatest President enlarged his Cabinet to establish the U.S.
Department of Agriculture. Abraham Lincoln revered the American
farmer. He believed deeply and stated eloquently that a strong
American agriculture was the key to preserving our nation's
independence.
A century and a quarter later, Illinois farmers are worthy
heirs to Lincoln's vision. You and your organization form a
vital force for keeping America strong and free. I am delighted
to be with you and I am proud to work with you to help keep our
great country growing and thriving.
May God bless you and the United States of America.
#
#
#
(Duggan/Simon)
December 6, 1991
Draft Two
Farm. TS
PRESIDENTIAL REMARKS:
ILLINOIS FARM BUREAU
CHICAGO, ILLINOIS
TUESDAY, DECEMBER 10, 1991
[Acknowledgments]
I feel I've come to the right place. My top priority is to
get this country moving faster and more confidently on the path
of economic progress. With my visits this morning on the
trading floors at the Merc and the Board of Trade -- and now here
with the Illinois Farm Bureau -- I've had a chance to talk face
to face with men and women who are leading the way. Agriculture
is our perennial export leader, and recently exports have been
the leading factor in our overall economic growth. And here's
how important that is: Every billion dollars in manufactured
exports means 20,000 new American jobs. [get appropriate data on
farm exports in relation to jobs]
American farmers understand how the world works. They know
that taking a stand for peace and stability abroad, supporting
emerging democracies, and developing free and fair international
markets will make our national economy stronger. They know what
a robust American involvement in global trade represents on the
bottom line: It means higher net farm income.
So first, I want to offer enthusiastic thanks for the Farm
Bureau's efforts to keep America a leader in world commerce and
world security. I know I speak for several hundred thousand
2
young servicemen and women in saying thanks for all your support
during Desert Shield and Desert Storm.
The Farm Bureau's leadership is vital to our progress for
free and fair trade. You've made a big contribution to keeping
the North American Free Trade Talks moving on the fast track.
You've helped get our Enterprise for the Americas program off to
a great start, promoting trade and investment throughout the
Western Hemisphere. I can assure you: because of your
foresight, a generation from now hundreds of millions of North
and South Americans -- from the Illinois prairies to the
Argentine pampas -- will enjoy unprecedented prosperity and
economic security.
The day is soon approaching when we'll sign that historic
new agreement for global trade at the Uruguay round of the GATT
negotiations. GATT will revolutionize world agriculture trade,
opening markets and leveling the playing field for American
exports. When we achieve this, we'll owe an incalculable debt to
the Farm Bureau.
You're quite a contrast to the noisy voices that want to
withdraw us into isolationism and protectionism. They say they
want to put "America First." " You have the common sense to
recognize that America is first -- and that we'll remain first
only if we stay engaged in world markets and involved in world
security.
In Kiev and Moscow and every other capital of the old Soviet
empire, everyone now admits that seventy years of socialism
3
turned eastern Europe's breadbaskets into basket cases. But here
in our own country, you and I have to contend with political
opponents want us to turn inward, slash production, toss our free
market successes on the trash heap, and hand our agriculture over
to a cadre of American commissars. Oh, well. You remember
what Yakov Smirnov says: "What a country!"
American agriculture is productive and competitive because
it stands on strong fundamentals. Take education for instance.
Farm communities face many hardships, but they always involve
parents in schools -- and that always produces better students.
With programs such as 4-H and FFA, rural America takes a leading
role in our America 2000 strategy to revolutionize our education.
((I can't tell you how impressed I am at how much most farmers
know about computers. I've had enough trouble just finding the
"on" switch on mine.) ) Anyone who doesn't appreciate the
sophistication of the modern farmer doesn't understand the modern
farmer.
Last month, by the way, I spoke to 18,000 of our best and
brightest kids at the FFA convention in Kansas City. And let me
tell you: I can't contain my excitement thinking about the day
when those young men and women become the leaders of our country.
Consider problems like drugs, where not just the economy but
our deepest social and moral well-being is at stake. Wherever I
go in this country, I call attention to those who fight the drug
war on the front lines. I praise the businessmen keep drugs out
of their companies. So let me take this opportunity right now to
4
thank a couple of million Americans who don't get mentioned often
enough for their devotion in running drug-free workplaces. I'm
referring to the moms and dads and grandparents who run America's
family farms.
In government policy, we have some solid fundamentals to
keep our economy strong. I've followed policies and made
appointments that helped bring interest rates to their lowest
levels in nearly two decades. I know how important interest
rates are to the farmers' enterprise. I'll work my hardest to
keep those rates down.
[We stand by our commitment to help ease the pain caused by
natural disasters. [[I'm proud to have signed this morning the
drought and disaster relief legislation. (Also any other
language on the bill) I only regret that Congress did not act
several months ago when I asked it urgently to provide these
funds. ]] Illinois and neighboring states suffered unusually
severe droughts this year, and it is only fair that we keep to
our tradition of helping when such disasters strike.]
We know we've got more to do to get the economy on the move.
During the next session of Congress, I'll renew the fight for
series of growth initiatives. ((I'm a little self-conscious
about using this bit of Washingtonese here in the heartland. I
suspect that when you say "growth initiatives" in Illinois, the
ingredients that come to mind are hybrid seed, some good prairie
topsoil, and a lot of fertilizer. \ Back in Washington, we have
5
plenty of fertilizer -- and I'm not talking about the chemical
kind. 111 ))
My legislative growth package aims at giving Americans the
freedom to get the highest yields from the plow-and-seed types of
growth package. A top priority is to cut capital gains taxes.
Our high taxes on capital gains are way out of line with the
policies in other successful economies. Germany has no capital
gains tax. Japan's effective rate is much, much lower than ours.
A capital gains tax cut will free up the capital we need for
growth. It will increase the value of land, labor and capital -
- all at once -- by reducing our tax on success.
Right now, we place entrepreneurs in a lose-lose situation.
When they risk money and effort on something that fails, they
lose. When they risk money on a winner, we tax their capital
gain -- and they lose again. We have to put an end to this lose-
lose approach to the economy. A capital gains cut will stimulate
investment and create jobs in every sector. Quite frankly, it
will restore some fundamental fairness to the way we treat
farmers and homeowners.
Capital gains tax relief is only part of our program.
Thanks to leadership from Illinois's own Sam Skinner, I've just
signed a transportation bill that creates new jobs while
rebuilding our infrastructure. I'm working for a research tax
credit to help new technologies create more jobs; for new IRAs to
help first-time home buyers; and for bank reform to help
6
Americans and our financial institutions compete in the 21st
century.
We want our children's future to be worthy of the dreams and
sacrifices that built and sustained America as a great nation.
Back in 1862, in spite of his preoccupation with a Civil War, our
greatest President enlarged his Cabinet to establish the U.S.
Department of Agriculture. Abraham Lincoln revered the American
farmer. He believed deeply and stated eloquently that a strong
American agriculture was the key to preserving our nation's
independence.
A century and a quarter later, Illinois farmers are worthy
heirs to Lincoln's vision. You and your organization form a
vital force for keeping America strong and free. I am delighted
to be with you and I am proud to work with you to help keep our
great country growing and thriving.
May God bless you and the United States of America.
#
#
#
ILLINOIS FARM BUREAU
CHICAGO, ILLINOIS
TUESDAY, DECEMBER 10, 1991
1:25 P.M.
THANK YOU, JOHN WHITE. GOVERNOR EDGAR, SECRETARY
MADIGAN, CONGRESSMAN EWING, ENID SCHLIPF [SHLIF], AND
LADIES AND GENTLEMEN OF THE ILLINOIS FARM BUREAU:
I FEEL I'VE COME TO THE RIGHT PLACE. MY TOP
PRIORITY IS TO GET THIS COUNTRY MOVING FASTER AND MORE
CONFIDENTLY ON THE PATH OF ECONOMIC PROGRESS. I'VE
HAD EXCELLENT VISITS THIS MORNING ON THE TRADING FLOORS
AT THE MERC AND THE BOARD OF TRADE. AND I HAD THE
PRIVILEGE TO HAVE JOHN WHITE AND ENID SCHLIPF, LEADERS
OF THE ILLINOIS FARM BUREAU AT MY SIDE DURING THOSE
SESSIONS AND ALSO AT LUNCH. SPEAKING OF FARMING, LET
ME GIVE YOU A BIT OF HISTORICAL TRIVIA: MY GREAT-
GRANDFATHER, DAVID WALKER, GREW UP ON A FARM NEAR
BLOOMINGTON, ILLINOIS.
- 2 -
MEETING SO MANY ILLINOIS FARMERS AND AGRIBUSINESS
LEADERS, I'VE HAD A CHANCE TO TALK FACE TO FACE WITH
MEN AND WOMEN WHO ARE LEADING THE WAY. AGRICULTURE IS
A PERENNIAL EXPORT LEADER, AND RECENTLY EXPORTS HAVE
BEEN A BIG FACTOR IN OUR OVERALL ECONOMIC GROWTH. AND
HERE'S HOW IMPORTANT THAT IS: EVERY BILLION DOLLARS IN
AGRICULTURAL EXPORTS MEANS 28,000 AMERICAN JOBS.
AMERICAN FARMERS UNDERSTAND HOW THE WORLD WORKS.
YOU KNOW THAT TAKING A STAND FOR PEACE AND STABILITY
ABROAD, SUPPORTING EMERGING DEMOCRACIES, AND DEVELOPING
FREE AND FAIR INTERNATIONAL MARKETS WILL MAKE OUR
NATIONAL ECONOMY STRONGER. YOU KNOW WHAT A DETERMINED
AMERICAN INVOLVEMENT IN GLOBAL TRADE REPRESENTS TO THE
BOTTOM LINE: IT MEANS HIGHER NET FARM INCOME.
- 3 -
so FIRST, I WANT TO OFFER ENTHUSIASTIC THANKS FOR
THE FARM BUREAU'S EFFORTS TO KEEP AMERICA A LEADER IN
WORLD COMMERCE AND WORLD SECURITY. I KNOW I SPEAK FOR
SEVERAL HUNDRED THOUSAND YOUNG SERVICEMEN AND WOMEN IN
SAYING THANKS FOR ALL YOUR SUPPORT DURING DESERT SHIELD
AND DESERT STORM. 11
THE FARM BUREAU'S LEADERSHIP IS VITAL TO OUR
PROGRESS FOR FREE AND FAIR TRADE. YOU'VE MADE A BIG
CONTRIBUTION TO GETTING THE NORTH AMERICAN FREE TRADE
TALKS OFF AND RUNNING. YOU'VE HELPED LAUNCH OUR
ENTERPRISE FOR THE AMERICAS INITIATIVE FOR TRADE AND
INVESTMENT THROUGHOUT THE WESTERN HEMISPHERE. I CAN
ASSURE YOU: BECAUSE OF YOUR FORESIGHT, WE CAN LOOK
FORWARD TO UNPRECEDENTED PROSPERITY AND ECONOMIC
SECURITY FOR HUNDREDS OF MILLIONS OF NORTH AND SOUTH
AMERICANS -- FROM THE ILLINOIS PRAIRIES TO THE
ARGENTINE PAMPAS.
- 4 -
SECRETARY MADIGAN AND AMBASSADOR CARLA HILLS ARE
WORKING TO SECURE A SOLID AGREEMENT FOR GLOBAL TRADE AT
THE URUGUAY ROUND OF THE GATT NEGOTIATIONS. A
SUCCESSFUL GATT NEGOTIATION WILL REVOLUTIONIZE WORLD
AGRICULTURE TRADE, OPENING MARKETS AND LEVELING THE
PLAYING FIELD FOR AMERICAN EXPORTS. WHEN WE ACHIEVE
THIS, WE'LL OWE AN INCALCULABLE DEBT TO THE FARM
BUREAU.
YOU'RE QUITE A CONTRAST TO THE NOISY VOICES THAT
WANT TO WITHDRAW US INTO ISOLATIONISM AND
PROTECTIONISM. THEY SAY THEY WANT TO PUT "AMERICA
FIRST." YOU HAVE THE COMMON SENSE TO RECOGNIZE THAT
AMERICA IS FIRST -- AND WE'LL REMAIN FIRST ONLY IF WE
STAY ENGAGED IN WORLD MARKETS AND INVOLVED IN WORLD
SECURITY. 11
- 5 -
AMERICAN AGRICULTURE IS PRODUCTIVE AND
COMPETITIVE BECAUSE OF ITS STRONG ORIENTATION TO FREE
MARKETS. OUR AGRICULTURE'S ALSO OWE MUCH TO SUCH
FUNDAMENTALS AS ADVANCING PRODUCTIVITY, EMBRACING NEW
TECHNOLOGIES, AND MOVING FORWARD TO NEW FRONTIERS OF
SCIENTIFIC RESEARCH.
RURAL AMERICA IS A MODEL OF STRENGTH ON SOCIAL
ISSUES VITAL TO OUR FUTURE. FARM COMMUNITIES FACE MANY
HARDSHIPS, BUT THEY ALWAYS INVOLVE PARENTS IN SCHOOLS
-- AND THAT ALWAYS PRODUCES BETTER STUDENTS. WITH
PROGRAMS SUCH AS 4-H AND FUTURE FARMERS OF AMERICA,
RURAL AMERICA TAKES A LEADING ROLE IN OUR AMERICA 2000
STRATEGY TO REVOLUTIONIZE OUR EDUCATION. ((I CAN'T
TELL YOU HOW IMPRESSED I AM AT HOW MUCH MOST FARMERS
KNOW ABOUT COMPUTERS. I'VE HAD ENOUGH TROUBLE JUST
FINDING THE "ON" SWITCH ON MINE.)) 11 ANYONE WHO
DOESN'T APPRECIATE THE SOPHISTICATION OF THE MODERN
FARMER DOESN'T UNDERSTAND THE MODERN FARMER. 11
- 6 -
LAST MONTH, BY THE WAY, I SPOKE TO 18,000 OF OUR
BEST AND BRIGHTEST KIDS AT THE FUTURE FARMERS OF
AMERICA CONVENTION IN KANSAS CITY. AND LET ME TELL
YOU: I CAN'T CONTAIN MY EXCITEMENT THINKING ABOUT THE
DAY WHEN THOSE YOUNG MEN AND WOMEN BECOME THE LEADERS
OF OUR COUNTRY. 11
ANOTHER CONCERN I KNOW YOU SHARE WITH ME IS THE
DRUG PROBLEM. THE STAKES HERE INVOLVE NOT JUST THE
ECONOMY BUT OUR DEEPEST SOCIAL AND MORAL WELL-BEING.
WHEREVER I GO IN THIS COUNTRY, I CALL ATTENTION TO
THOSE WHO FIGHT THE DRUG WAR ON THE FRONT LINES. I
PRAISE THE BUSINESSMEN AND WOMEN WHO KEEP DRUGS OUT OF
THEIR COMPANIES, AND THE NEIGHBORHOOD YOUTH CENTERS
THAT KEEP TEENAGERS OFF THE STREETS. so LET ME TAKE
THIS OPPORTUNITY RIGHT NOW TO THANK HUNDREDS OF
THOUSANDS OF AMERICANS WHO DON'T GET MENTIONED OFTEN
ENOUGH FOR THEIR DEVOTION IN RUNNING THE STRONGEST KIND
OF DRUG-FREE WORKPLACES. I'M REFERRING TO THE MOMS AND
DADS AND GRANDPARENTS WHO RUN AMERICA'S FAMILY FARMS.
- 7 -
NOW I KNOW SOMETIMES TIMES ARE TOUGH FOR AMERICA'S
FARMERS. THAT'S WHY WE STAND BY OUR COMMITMENT TO HELP
EASE THE PAIN CAUSED BY NATURAL DISASTERS. THIS WEEK I
WILL SIGN LEGISLATION TO PROVIDE DROUGHT AND DISASTER
RELIEF. MANY FARMERS IN ILLINOIS AND OTHER STATES
SUFFERED UNUSUALLY SEVERE LOSSES THIS YEAR AND LAST
YEAR. THIS LEGISLATION WILL PROVIDE MUCH-NEEDED
ASSISTANCE FOR HARD-HIT FARMERS. 11
I KNOW THE ECONOMIC DOWNTURN IS HURTING A LOT OF
PEOPLE IN VIRTUALLY EVERY SECTOR. I'VE HEARD FROM SOME
TOUGH, OPTIMISTIC PEOPLE ON MY VISITS TODAY, BUT THEY
DIDN'T SUGAR-COAT THEIR MESSAGE ABOUT THE PAIN AND
PROBLEMS THE COUNTRY IS GOING THROUGH RIGHT NOW.
- 8 -
YOU AND I KNOW WE'VE GOT MORE TO DO TO GET THE
ECONOMY ON THE MOVE. I'M PREPARED TO FIGHT HARDER THAN
EVER FOR A SERIES OF GROWTH INITIATIVES -- AND WHEN
MEMBERS OF CONGRESS GO BACK TO WORK IN JANUARY, THEY'LL
HEAR FROM ME IN NO UNCERTAIN TERMS. MY GROWTH
INITIATIVES WILL GIVE AMERICANS THE FREEDOM AND
INCENTIVE TO GET HIGHER YIELDS FROM THEIR EFFORTS. A
TOP PRIORITY IS TO CUT CAPITAL GAINS TAXES. I KNOW IT
IS A TOP PRIORITY OF THE FARM BUREAU, Too, AND I WANT
TO EXPRESS MY DEEP THANKS FOR YOUR OUTSTANDING SUPPORT
ON THIS INITIATIVE. 11 OUR HIGH TAXES ON CAPITAL
GAINS ARE WAY OUT OF LINE WITH THE POLICIES IN OTHER
SUCCESSFUL ECONOMIES. GERMANY HAS NO CAPITAL GAINS TAX
ON ASSETS HELD LONGER THAN SIX MONTHS. IN JAPAN, AN
ENTREPRENEUR WHO SELLS THE COMPANY HE'S BUILT FROM
SCRATCH PAYS A TAX OF ONE PERCENT. A CAPITAL GAINS TAX
CUT WILL FREE UP THE CAPITAL WE NEED FOR GROWTH. IT
WILL INCREASE THE VALUE OF LAND, LABOR AND CAPITAL --
ALL AT ONCE -- BY REDUCING OUR TAX ON SUCCESS.
- 9 -
RIGHT NOW, WE PLACE ENTREPRENEURS IN A LOSE-LOSE
SITUATION. WHEN THEY RISK MONEY AND EFFORT ON
SOMETHING THAT FAILS, THEY LOSE. WHEN THEY RISK MONEY
ON A WINNER, WE TAX THEIR CAPITAL GAIN -- AND THEY LOSE
AGAIN. 11 WE HAVE TO PUT AN END TO THIS LOSE-LOSE
APPROACH TO THE ECONOMY. 11 A CAPITAL GAINS CUT WILL
STIMULATE INVESTMENT AND CREATE JOBS IN EVERY SECTOR.
QUITE FRANKLY, IT WILL RESTORE SOME FUNDAMENTAL
FAIRNESS TO THE WAY WE TREAT FARMERS AND HOMEOWNERS. 11
CAPITAL GAINS TAX RELIEF IS ONLY PART OF OUR
PROGRAM. THANKS TO LEADERSHIP FROM ILLINOIS' OWN SAM
SKINNER, I EXPECT SOON TO SIGN A TRANSPORTATION BILL
THAT CREATES NEW JOBS WHILE REBUILDING OUR ROADS AND
BRIDGES. I'M WORKING FOR A RESEARCH TAX CREDIT TO HELP
NEW TECHNOLOGIES CREATE MORE JOBS; FOR NEW IRAS TO HELP
FIRST-TIME HOME BUYERS; AND FOR BANK REFORM TO HELP
AMERICA COMPETE IN THE 21ST CENTURY.
- 10 -
WE WANT OUR CHILDREN'S FUTURE TO BE WORTHY OF THE
DREAMS AND SACRIFICES THAT BUILT AND SUSTAINED AMERICA
AS A GREAT NATION. BACK IN 1862, IN SPITE OF HIS
PREOCCUPATION WITH A CIVIL WAR, OUR PRESIDENT
ESTABLISHED THE U.S. DEPARTMENT OF AGRICULTURE.
ABRAHAM LINCOLN REVERED THE AMERICAN FARMER. HE
BELIEVED DEEPLY AND STATED ELOQUENTLY THAT A STRONG
AMERICAN AGRICULTURE WAS THE KEY TO PRESERVING OUR
NATION'S INDEPENDENCE.
A CENTURY AND A QUARTER LATER, THE MEN AND WOMEN
OF ILLINOIS AGRICULTURE ARE WORTHY HEIRS TO LINCOLN'S
VISION. YOU AND YOUR ORGANIZATION FORM A VITAL FORCE
FOR KEEPING AMERICA STRONG AND FREE. I'M LOOKING
FORWARD TO SEEING MANY OF YOU AGAIN NEXT MONTH AT THE
AMERICAN FARM BUREAU NATIONAL CONVENTION IN KANSAS
CITY. I AM DELIGHTED TO BE WITH YOU TODAY, AND I AM
PROUD TO WORK WITH YOU TO HELP KEEP OUR GREAT COUNTRY
GROWING AND THRIVING.
MAY GOD BLESS YOU AND THE UNITED STATES OF
AMERICA.
#
#
#
ILLINOIS FARM BUREAU
CHICAGO, ILLINOIS
TUESDAY, DECEMBER 10, 1991
1:25 P.M.
THANK YOU, JOHN WHITE. GOVERNOR EDGAR, SECRETARY
MADIGAN, CONGRESSMAN EWING, ENID SCHLIPF [SHLIF], AND
LADIES AND GENTLEMEN OF THE ILLINOIS FARM BUREAU:
I FEEL I'VE COME TO THE RIGHT PLACE. MY TOP
PRIORITY IS TO GET THIS COUNTRY MOVING FASTER AND MORE
CONFIDENTLY ON THE PATH OF ECONOMIC PROGRESS. I'VE
HAD EXCELLENT VISITS THIS MORNING ON THE TRADING FLOORS
AT THE MERC AND THE BOARD OF TRADE. AND I HAD THE
PRIVILEGE TO HAVE JOHN WHITE AND ENID SCHLIPF, LEADERS
OF THE ILLINOIS FARM BUREAU AT MY SIDE DURING THOSE
SESSIONS AND ALSO AT LUNCH. SPEAKING OF FARMING, LET
ME GIVE YOU A BIT OF HISTORICAL TRIVIA: MY GREAT-
GRANDFATHER, DAVID WALKER, GREW UP ON A FARM NEAR
BLOOMINGTON, ILLINOIS.
- 2 -
MEETING SO MANY ILLINOIS FARMERS AND AGRIBUSINESS
LEADERS, I'VE HAD A CHANCE TO TALK FACE TO FACE WITH
MEN AND WOMEN WHO ARE LEADING THE WAY. AGRICULTURE IS
A PERENNIAL EXPORT LEADER, AND RECENTLY EXPORTS HAVE
BEEN A BIG FACTOR IN OUR OVERALL ECONOMIC GROWTH. AND
HERE'S HOW IMPORTANT THAT IS: EVERY BILLION DOLLARS IN
AGRICULTURAL EXPORTS MEANS 28,000 AMERICAN JOBS.
AMERICAN FARMERS UNDERSTAND HOW THE WORLD WORKS.
YOU KNOW THAT TAKING A STAND FOR PEACE AND STABILITY
ABROAD, SUPPORTING EMERGING DEMOCRACIES, AND DEVELOPING
FREE AND FAIR INTERNATIONAL MARKETS WILL MAKE OUR
NATIONAL ECONOMY STRONGER. YOU KNOW WHAT A DETERMINED
AMERICAN INVOLVEMENT IN GLOBAL TRADE REPRESENTS TO THE
BOTTOM LINE: IT MEANS HIGHER NET FARM INCOME.
- 3 -
so FIRST, I WANT TO OFFER ENTHUSIASTIC THANKS FOR
THE FARM BUREAU'S EFFORTS TO KEEP AMERICA A LEADER IN
WORLD COMMERCE AND WORLD SECURITY. I KNOW I SPEAK FOR
SEVERAL HUNDRED THOUSAND YOUNG SERVICEMEN AND WOMEN IN
SAYING THANKS FOR ALL YOUR SUPPORT DURING DESERT SHIELD
AND DESERT STORM. 11
THE FARM BUREAU'S LEADERSHIP IS VITAL TO OUR
PROGRESS FOR FREE AND FAIR TRADE. YOU'VE MADE A BIG
CONTRIBUTION TO GETTING THE NORTH AMERICAN FREE TRADE
TALKS OFF AND RUNNING. YOU'VE HELPED LAUNCH OUR
ENTERPRISE FOR THE AMERICAS INITIATIVE FOR TRADE AND
INVESTMENT THROUGHOUT THE WESTERN HEMISPHERE. I CAN
ASSURE YOU: BECAUSE OF YOUR FORESIGHT, WE CAN LOOK
FORWARD TO UNPRECEDENTED PROSPERITY AND ECONOMIC
SECURITY FOR HUNDREDS OF MILLIONS OF NORTH AND SOUTH
AMERICANS FROM THE ILLINOIS PRAIRIES TO THE
ARGENTINE PAMPAS.
- 4 -
SECRETARY MADIGAN AND AMBASSADOR CARLA HILLS ARE
WORKING TO SECURE A SOLID AGREEMENT FOR GLOBAL TRADE AT
THE URUGUAY ROUND OF THE GATT NEGOTIATIONS. A
SUCCESSFUL GATT NEGOTIATION WILL REVOLUTIONIZE WORLD
AGRICULTURE TRADE, OPENING MARKETS AND LEVELING THE
PLAYING FIELD FOR AMERICAN EXPORTS. WHEN WE ACHIEVE
THIS, WE'LL OWE AN INCALCULABLE DEBT TO THE FARM
BUREAU.
YOU'RE QUITE A CONTRAST TO THE NOISY VOICES THAT
WANT TO WITHDRAW US INTO ISOLATIONISM AND
PROTECTIONISM. THEY SAY THEY WANT TO PUT "AMERICA
FIRST." YOU HAVE THE COMMON SENSE TO RECOGNIZE THAT
AMERICA IS FIRST -- AND WE'LL REMAIN FIRST ONLY IF WE
STAY ENGAGED IN WORLD MARKETS AND INVOLVED IN WORLD
SECURITY. 11
- 5 -
AMERICAN AGRICULTURE IS PRODUCTIVE AND
COMPETITIVE BECAUSE OF ITS STRONG ORIENTATION TO FREE
MARKETS. OUR AGRICULTURE'S ALSO OWE MUCH TO SUCH
FUNDAMENTALS AS ADVANCING PRODUCTIVITY, EMBRACING NEW
TECHNOLOGIES, AND MOVING FORWARD TO NEW FRONTIERS OF
SCIENTIFIC RESEARCH.
RURAL AMERICA IS A MODEL OF STRENGTH ON SOCIAL
ISSUES VITAL TO OUR FUTURE. FARM COMMUNITIES FACE MANY
HARDSHIPS, BUT THEY ALWAYS INVOLVE PARENTS IN SCHOOLS
-- AND THAT ALWAYS PRODUCES BETTER STUDENTS. WITH
PROGRAMS SUCH AS 4-H AND FUTURE FARMERS OF AMERICA,
RURAL AMERICA TAKES A LEADING ROLE IN OUR AMERICA 2000
STRATEGY TO REVOLUTIONIZE OUR EDUCATION. ((I CAN'T
TELL YOU HOW IMPRESSED I AM AT HOW MUCH MOST FARMERS
KNOW ABOUT COMPUTERS. I'VE HAD ENOUGH TROUBLE JUST
FINDING THE "ON" SWITCH ON MINE.) 11 ANYONE WHO
DOESN'T APPRECIATE THE SOPHISTICATION OF THE MODERN
FARMER DOESN'T UNDERSTAND THE MODERN FARMER. 11
- 6 -
LAST MONTH, BY THE WAY, I SPOKE TO 18,000 OF OUR
BEST AND BRIGHTEST KIDS AT THE FUTURE FARMERS OF
AMERICA CONVENTION IN KANSAS CITY. AND LET ME TELL
YOU: I CAN'T CONTAIN MY EXCITEMENT THINKING ABOUT THE
DAY WHEN THOSE YOUNG MEN AND WOMEN BECOME THE LEADERS
OF OUR COUNTRY. 11
ANOTHER CONCERN I KNOW YOU SHARE WITH ME IS THE
DRUG PROBLEM. THE STAKES HERE INVOLVE NOT JUST THE
ECONOMY BUT OUR DEEPEST SOCIAL AND MORAL WELL-BEING.
WHEREVER I GO IN THIS COUNTRY, I CALL ATTENTION TO
THOSE WHO FIGHT THE DRUG WAR ON THE FRONT LINES. I
PRAISE THE BUSINESSMEN AND WOMEN WHO KEEP DRUGS OUT OF
THEIR COMPANIES, AND THE NEIGHBORHOOD YOUTH CENTERS
THAT KEEP TEENAGERS OFF THE STREETS. SO LET ME TAKE
THIS OPPORTUNITY RIGHT NOW TO THANK HUNDREDS OF
THOUSANDS OF AMERICANS WHO DON'T GET MENTIONED OFTEN
ENOUGH FOR THEIR DEVOTION IN RUNNING THE STRONGEST KIND
OF DRUG-FREE WORKPLACES. I'M REFERRING TO THE MOMS AND
DADS AND GRANDPARENTS WHO RUN AMERICA'S FAMILY FARMS.
- 7 -
NOW I KNOW SOMETIMES TIMES ARE TOUGH FOR AMERICA'S
FARMERS. THAT'S WHY WE STAND BY OUR COMMITMENT TO HELP
EASE THE PAIN CAUSED BY NATURAL DISASTERS. THIS WEEK I
WILL SIGN LEGISLATION TO PROVIDE DROUGHT AND DISASTER
RELIEF. MANY FARMERS IN ILLINOIS AND OTHER STATES
SUFFERED UNUSUALLY SEVERE LOSSES THIS YEAR AND LAST
YEAR. THIS LEGISLATION WILL PROVIDE MUCH-NEEDED
ASSISTANCE FOR HARD-HIT FARMERS. 11
I KNOW THE ECONOMIC DOWNTURN IS HURTING A LOT OF
PEOPLE IN VIRTUALLY EVERY SECTOR. I'VE HEARD FROM SOME
TOUGH, OPTIMISTIC PEOPLE ON MY VISITS TODAY, BUT THEY
DIDN'T SUGAR-COAT THEIR MESSAGE ABOUT THE PAIN AND
PROBLEMS THE COUNTRY IS GOING THROUGH RIGHT NOW.
- 8 -
YOU AND I KNOW WE'VE GOT MORE TO DO TO GET THE
ECONOMY ON THE MOVE. I'M PREPARED TO FIGHT HARDER THAN
EVER FOR A SERIES OF GROWTH INITIATIVES -- AND WHEN
MEMBERS OF CONGRESS GO BACK TO WORK IN JANUARY, THEY'LL
HEAR FROM ME IN NO UNCERTAIN TERMS. MY GROWTH
INITIATIVES WILL GIVE AMERICANS THE FREEDOM AND
INCENTIVE TO GET HIGHER YIELDS FROM THEIR EFFORTS. A
TOP PRIORITY IS TO CUT CAPITAL GAINS TAXES. I KNOW IT
IS A TOP PRIORITY OF THE FARM BUREAU, Too, AND I WANT
TO EXPRESS MY DEEP THANKS FOR YOUR OUTSTANDING SUPPORT
ON THIS INITIATIVE. 11 OUR HIGH TAXES ON CAPITAL
GAINS ARE WAY OUT OF LINE WITH THE POLICIES IN OTHER
SUCCESSFUL ECONOMIES. GERMANY HAS NO CAPITAL GAINS TAX
ON ASSETS HELD LONGER THAN SIX MONTHS. IN JAPAN, AN
ENTREPRENEUR WHO SELLS THE COMPANY HE'S BUILT FROM
SCRATCH PAYS A TAX OF ONE PERCENT. A CAPITAL GAINS TAX
CUT WILL FREE UP THE CAPITAL WE NEED FOR GROWTH. IT
WILL INCREASE THE VALUE OF LAND, LABOR AND CAPITAL --
ALL AT ONCE -- BY REDUCING OUR TAX ON SUCCESS.
- 9 -
RIGHT NOW, WE PLACE ENTREPRENEURS IN A LOSE-LOSE
SITUATION. WHEN THEY RISK MONEY AND EFFORT ON
SOMETHING THAT FAILS, THEY LOSE. WHEN THEY RISK MONEY
ON A WINNER, WE TAX THEIR CAPITAL GAIN -- AND THEY LOSE
AGAIN. 11 WE HAVE TO PUT AN END TO THIS LOSE-LOSE
APPROACH TO THE ECONOMY. 11 A CAPITAL GAINS CUT WILL
STIMULATE INVESTMENT AND CREATE JOBS IN EVERY SECTOR.
QUITE FRANKLY, IT WILL RESTORE SOME FUNDAMENTAL
FAIRNESS TO THE WAY WE TREAT FARMERS AND HOMEOWNERS. 11
CAPITAL GAINS TAX RELIEF IS ONLY PART OF OUR
PROGRAM. THANKS TO LEADERSHIP FROM ILLINOIS' OWN SAM
SKINNER, I EXPECT SOON TO SIGN A TRANSPORTATION BILL
THAT CREATES NEW JOBS WHILE REBUILDING OUR ROADS AND
BRIDGES. I'M WORKING FOR A RESEARCH TAX CREDIT TO HELP
NEW TECHNOLOGIES CREATE MORE JOBS; FOR NEW IRAS TO HELP
FIRST-TIME HOME BUYERS; AND FOR BANK REFORM TO HELP
AMERICA COMPETE IN THE 21ST CENTURY.
- 10 -
WE WANT OUR CHILDREN'S FUTURE TO BE WORTHY OF THE
DREAMS AND SACRIFICES THAT BUILT AND SUSTAINED AMERICA
AS A GREAT NATION. BACK IN 1862, IN SPITE OF HIS
PREOCCUPATION WITH A CIVIL WAR, OUR PRESIDENT
ESTABLISHED THE U.S. DEPARTMENT OF AGRICULTURE.
ABRAHAM LINCOLN REVERED THE AMERICAN FARMER. HE
BELIEVED DEEPLY AND STATED ELOQUENTLY THAT A STRONG
AMERICAN AGRICULTURE WAS THE KEY TO PRESERVING OUR
NATION'S INDEPENDENCE.
A CENTURY AND A QUARTER LATER, THE MEN AND WOMEN
OF ILLINOIS AGRICULTURE ARE WORTHY HEIRS TO LINCOLN'S
VISION. YOU AND YOUR ORGANIZATION FORM A VITAL FORCE
FOR KEEPING AMERICA STRONG AND FREE. I'M LOOKING
FORWARD TO SEEING MANY OF YOU AGAIN NEXT MONTH AT THE
AMERICAN FARM BUREAU NATIONAL CONVENTION IN KANSAS
CITY. I AM DELIGHTED TO BE WITH YOU TODAY, AND I AM
PROUD TO WORK WITH YOU TO HELP KEEP OUR GREAT COUNTRY
GROWING AND THRIVING.
MAY GOD BLESS YOU AND THE UNITED STATES OF
AMERICA.
#
#
#
Dec. 10 / Administration of George Bush, 1991
of confidence, a new spirit as a Nation. And
chairman emeritus of the exchange and
men and wom
I'm not going to back away from that. I am
chairman of the Globex Corp. A tape was
You see, agric
proud that we're bringing parties that have
not available for verification of the content
leader, and re
stood at each other's throats for years,
of these remarks.
tremendous fa
bringing them together in the Middle East
all economic I
to talk some peace. I'm proud of the way
portant that is
we've handled the evolution in the Soviet
cultural expo
Union. And right today it is extraordinarily
complicated.
Remarks to the Illinois Farm Bureau in
25,000 Americ
American fa
But my point is, we cannot withdraw, we
Chicago, Illinois
world works. ]
can't pull back. You can't do it. You're en-
December 10, 1991
for peace and
gaged in the markets, and well you should
emerging dem
be, because that offers prosperity to the
Thank you, John, and to all the members,
fair internation
American people as well as to others. And I
thank you. Thank you, John White, Gover-
tional econom
don't think a President should pull back in
nor Edgar, and to Secretary Madigan, son of
what a detern
the face of domestic criticism by some par-
Illinois, who is doing a superb job as our
in global trad
tisans suggesting that we don't have to
Secretary of Agriculture. I'm glad he flew
line. It means
worry about our national security and that
out here with us. To Congressman Ewing,
So first, I rea
we don't see that jobs stem from being en-
who will be flying back with us, I under-
astically give t
gaged with foreign countries, instead of
stand, on Air Force One back to Washing-
efforts to keep
being pulled back from engagement with
ton. We've welcomed him to the Congress
commerce an
foreign countries.
and proud he's there. To Enid Schlipf, who
speak for seve
So, I can do both. We can stay involved,
has been at my side today, and I'm grateful
service men a
work for world peace, enhance our national
for that, his counsel. We had a session, a
you for all y
security, and now drive forward to get this
listening session, getting counsel from busi-
Shield and tha
economy moving by bipartisan action for
ness people, and it was most appropriate
during Desert
growth, economic growth that means jobs
that Messrs. White and Schlipf were there.
grateful.
for the American people.
And to all of you ladies and gentlemen of
The Farm E
Years ago, Carl Sandburg described this
the Illinois Farm Bureau, thank you for that
our progress fc
city as "the hog butcher for the world."
warm reception and for your hospitality. I
take about it.
That was the Chicago of another era, an-
feel that I've come to the right place. My
to getting the
other world. And today, Chicago serves the
top priority is to get this country moving
talks off and rt
pork belly's future, the currency's future,
faster and more confidently on the path of
our Enterprise
the future, period, of an international mar-
economic progress.
for trade and
ketplace. And the one message I'd like to
I've had excellent visits this morning on
Western Hemi
come out of this meeting here today and
the trading floors at the Merc and at the
cause of your f
the other meetings I've had is that we are
Board of Trade. I lost 3 pounds in the proc-
to unpreceden
the hub of the international market. And
ess just kind of working my way through
security for hu
countries that are emerging into democracy
those hand signals. And it was wonderful.
and South Am
are looking to us for leadership in terms of
And I had the privilege to have both John
ries to the pam
making world markets. And nobody does it
and Enid, who are leaders of the Farm
Secretary M:
any better than the people right here in
Bureau, at my side during those sessions
Hills are work
this room.
and also, at Billy Goat's-[laughter]-1 think
ment for globa
Thank you very, very much. And now get
you guys were up there. It's a marvelous
of the GATT
back to work and help us shape another
burger place here. But speaking of farming,
GATT negotia
American century. Thank you all. I'm glad
let me give you a little bit of historical trivia
ize world agri
to be with you.
that will not send you into euphoria, but I
kets and leve
always try to claim kinship with various
American exp
Note: The President spoke at 12:05 p.m. fol-
States. And my great-grandfather, David
we will owe
lowing a tour of the trading floor. In his
Walker, grew up on a farm near Blooming-
Farm Bureau
remarks, he referred to John F. Sandner,
ton, Illinois. How about that one? Nobody's
and never loo
chairman of the board of governors of the
ever heard that before.
question of into
Chicago Mercantile Exchange; William J.
But anyway, meeting with so many Illi-
And I might
Brodsky, president and chief executive offi-
nois farmers and agribusiness leaders, I've
trast, this mai
cer of the exchange; and Leo Melamed,
had a chance to talk face to face with some
noisy voices th
1800
Administration of George Bush, 1991 / Dec. 10
e exchange and
men and women who are leading the way.
isolationism and protectionism. They say
Corp. A tape was
You see, agriculture is a perennial export
they want to put "America first." You have
on of the content
leader, and recently exports have been a
the common sense to recognize that Amer-
tremendous factor, a big factor in our over-
ica is first and will remain first only if we
all economic growth. And here's how im-
stay engaged in world markets and involved
portant that is: Every billion dollars in agri-
in world security. And as long as I am Presi-
cultural exports means approximately
dent, that's exactly what I intend to do.
25,000 American jobs.
Farm Bureau in
American agriculture is productive and
American farmers understand how the
competitive because of its strong orienta-
world works. You know that taking a stand
tion to free markets. Our agriculture owes
for peace and stability abroad, supporting
much to such fundamentals as advancing
emerging democracies, developing free and
productivity, embracing new technologies,
all the members,
fair international markets, will make our na-
in White, Gover-
moving forward to new frontiers in scientif-
tional economy much stronger. You know
ic research.
y Madigan, son of
what a determined American involvement
uperb job as our
Rural America is a model of strength on
in global trade represents to the bottom
social issues that are vital to our future.
I'm glad he flew
line. It means higher net farm income.
gressman Ewing,
Thank God that family and family values
So first, I really wanted to thank, enthusi-
vith us, I under-
astically give thanks for the Farm Bureau's
remain so important to agricultural Amer-
back to Washing-
ica. Farm communities, let's face it, they
efforts to keep America a leader in world
to the Congress
commerce and world security. I know I
face many hardships. But they always in-
Enid Schlipf, who
speak for several hundred thousand young
volve parents in the schools, and that
and I'm grateful
service men and women in saying thank
always produces better students. With pro-
had a session, a
you for all your support during Desert
grams such as 4-H and FFA, Future Farm-
ounsel from busi-
Shield and thank you for all your support
ers of America, rural America takes a lead-
nost appropriate
during Desert Storm. We are very, very
ing role in our America 2000 strategy to
hlipf were there.
grateful.
revolutionize, literally revolutionize our
and gentlemen of
The Farm Bureau's leadership is vital to
education.
hank you for that
our progress for free and fair trade, no mis-
I can't tell you how impressed I am also
our hospitality. I
take about it. You made a big contribution
at how much most farmers know about
right place. My
to getting the North American free trade
computers, not speaking for all of you, I
country moving
talks off and running. You've helped launch
understand, but some of you. But I've had
y on the path of
our Enterprise for the Americas Initiative
enough trouble just finding the "on" switch
for trade and investment throughout the
on my computer, say nothing of getting the
this morning on
Western Hemisphere. I can assure you, be-
cursor to move where and when I want it
Merc and at the
cause of your foresight, we can look forward
to. But the point is this, anyone who doesn't
unds in the proc-
to unprecedented prosperity and economic
appreciate the sophistication of the modern
ny way through
security for hundreds of millions of North
farmer doesn't understand the modern
was wonderful.
and South Americans from the Illinois prai-
farmer.
have both John
ries to the pampas of the Argentine.
Last month, by the way-maybe some of
rs of the Farm
Secretary Madigan and Ambassador Carla
you all were out there-but I spoke to
g those sessions
Hills are working to secure a solid agree-
18,000 of our best and brightest kids at the
aughter]-I think
ment for global trade at the Uruguay round
Future Farmers of America convention in
It's a marvelous
of the GATT negotiations. A successful
Kansas City. And let me tell you, I can't
king of farming,
GATT negotiation will literally revolution-
contain my excitement thinking about the
f historical trivia
ize world agriculture trade, opening mar-
day when those young men and women
euphoria, but I
kets and leveling the playing field for
become the leaders of our country. They
ip with various
American exports. When we achieve this,
were bright and alert and patriotic and for-
ndfather, David
we will owe an incalculable debt to the
ward-looking. And somebody, parents in
near Blooming-
Farm Bureau who has always looked ahead
this room and across agricultural America
it one? Nobody's
and never looked back on this important
are doing a wonderful job with these young
question of international trade.
men and women.
th so many Illi-
And I might say, John, you're quite a con-
The guy that introduced me was so good,
ess leaders, I've
trast, this marvelous organization, to the
I thought he was getting ready to run
face with some
noisy voices that want to withdraw us into
against me. [Laughter] But anyway, you
1801
Dec. 10 / Administration of George Bush, 1991
should have heard him. He's a real articu-
ital gains, no tax on capital gains on assets
national con
late dude.
held longer than 6 months. In Japan, an
I am deligh
Another concern I know you share with
entrepreneur who sells the company that
am proud t
me is the drug problem. The stakes here
he's built from scratch pays a tax of 1 per-
this great
involve not just the economy but our deep-
cent. A capital gains tax cut will free up the
thriving. I p
est social and moral well-being. Wherever I
capital that we need for growth. And it will
best to lead
go in this country, I call attention to those
increase the value of land, of labor and cap-
new opport
who fight the drug war on the front lines. I
ital all at once by reducing the tax on suc-
May God
praise the businessmen and women who
cess. And I am going to keep on fighting
the United S
keep drugs out of their companies and the
until we get that done.
very, very n
neighborhood youth centers that keep teen-
Right now, we place entrepreneurs in a
agers off the streets. So, let me take this
lose-lose situation. When they risk money
Note: The I
opportunity right now to thank hundreds
and effort on something that fails, they lose.
the Palmer
and thousands of Americans who don't get
And when they risk money on a winner, we
referred to
mentioned often enough for their devotion
tax the capital gain, and they lose again. We
Schlipf, pres
in running the strongest kind of drug-free
have to put an end to this lose-lose ap-
respectively,
workplaces. And I'm referring, again, to the
proach to the economy. A capital gains cut
moms and the dads and the grandparents
will stimulate investment and create jobs in
who run America's family farms.
every sector. And quite frankly, it will re-
Now, I know that sometimes times are
store some fundamental fairness to the way
tough for America's farmer. And that's why
we treat farmers and the way we treat
Exchange 1
we stand by our commitment to help ease
homeowners.
Cabinet Ro
the pain caused by natural disasters. This
Capital gains tax relief is but a part of our
December 1
week I will be signing legislation to provide
drought and disaster relief. Many farmers in
program. Thanks to leadership from Illinois'
Illinois and other States suffered unusually
own Sam Skinner, our soon-to-be Chief of
Soviet Union
severe losses this year and last year. And
Staff, I expect soon to sign a transportation
this legislation will provide much-needed
bill that creates new jobs while rebuilding
Q. Mr. Pre
assistance for hard-hit farmers. And I will
our roads and bridges. And I'm working for
Soviet Union
The Presia
be delighted to sign it.
a research tax credit to help new technol-
Now, I know that the economic downturn
ogies create more jobs; working for new
situation ver
is hurting a lot of people in virtually every
IRA's to help the first-time homebuyer,
And of cours
sector. And I've heard from some tough,
stimulate that homebuilding market; and
cratic and m
for bank reform. We desperately need com-
of that. They
optimistic people on my visit just today, but
they didn't sugarcoat their message about
prehensive bank reform to help America
out themselv
the pain and the problems the country is
compete in the 21st century and to help
and-reform
going through right now.
free up capital right now.
And that me
We want our children's future to be
So, we are
You and I know that we've got to do
worthy of the dreams and sacrifices that
as these dra
more to get the economy on the move, to
get confidence back. And I'm prepared to
built and sustained America as a great
proposals con
fight harder than ever for a series of growth
Nation. Back in 1862, in spite of his preoc-
the Republic
initiatives. And when Members of Congress
cupation with the Civil War, our President
think the an
go back to work in January, after Christmas,
established back then the U.S. Department
just got to
they'll hear from me in no uncertain terms.
of Agriculture. Abraham Lincoln revered
about. So, we
My growth initiatives will give Americans
the American farmer. He believed deeply
I'll be me
the freedom and incentive to get higher
and stated eloquently that a strong Ameri-
Secretary ano
yields from their efforts. A top priority, and
can agriculture was the key to preserving
ing about Jin
John referred to this, is to cut capital gains
our Nation's independence.
that are clear
taxes. I know it's a top priority of the Farm
A century and a quarter later, the men
we want thi
Bureau, too, and I want to express my deep
and women of Illinois ag are worthy heirs
manitarian ai
thanks for your outstanding support on this
to Lincoln's vision. You and this organiza-
promote pea
initiative.
tion form a vital force for keeping America
tion-besides
Our high taxes, then, on capital gains are
strong and free. And I am looking forward
interest in se
way out of line with the policies in other
to seeing some of you, many of you maybe,
Madigan and
successful economies. Germany has no cap-
next month at the American Farm Bureau
terday on the
1802