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Young President's Organization 4/21/92 [OA 7572]
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Young President's Organization 4/21/92 [OA 7572]
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Records of the White House Office of Speechwriting (George H. W. Bush Administration)
Speech Backup Chronological Files
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administrative marker by the George Bush Presidential
Library Staff.
Record Group/Collection:
George H.W. Bush Presidential Records
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Speechwriting, White House Office of
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OA/ID Number:
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Young President's Organization 4/21/92 [OA 7572]
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26
22
4
6
What's News
Trade Gap
"The subdued recovery scenario
persists," Dederick said. But he added
that it now appears growth in the first
Narrowest
three months of 1992 was stronger
than previously thought.
The Labor Department said the
number of people filing first-time
In 9 Years
claims for jobless benefits fell 18,000
in early April to 415,000.
"Today's report indicates that busi-
ness activity is strengthening and lay-
THE WASHINGTON POST
U.S. Exports Rose
offs are on the decline," said Labor
Secretary Lynn Martin.
7 Pct. in February
Dederick said the slowdown in un-
Yet the February deficit with Ja-
pan-source of many of the consumer
employment claims signals brighter
Reuter
electronic and automotive products
job prospects ahead that will be vital to
sought in U.S. markets-fell to $2.97
The trade deficit hit its lowest level
sustain a recovery.
billion from $3.82 billion in January.
in nearly nine years in February, the
The unemployment rate was 7.3
That was the lowest since a $2.43 bil-
government said yesterday, as U.S.
percent in both February and March
lion deficit in May 1991.
exports steamed ahead despite a glob-
and only 19,000 jobs were created last
The surplus in trade with Western
al economic slump.
month.
The Commerce Department said
Europe rose to $2.63 billion from
In the first two months of 1992, the
the trade deficit shrank by 43 percent
$1.69 billion in January, a level unlike-
trade deficit has shrunk 27.5 percent
in February to $3.38 billion. Exports
ly to be sustained if Germany, the
from its level in the same period last
surged 7 percent to a record $37.81
powerhouse of the European econo-
billion while imports fell slightly to
year, said economist Marilyn Schaja of
my, keeps weakening.
$41.2 billion.
Donaldson, Lufkin and Jenrette Securi-
The actual $3.38 billion shortfall be-
The trade picture was far better
ties Corp. in New York. But she said
tween exports and imports was the
than Wall Street analysts expected and
the improvement is unlikely to contin-
smallest since a $2.84 billion deficit in
was particularly heartening given the
ue "due to the lackluster economic
March 1983.
struggling economies in Canada, Japan
growth prospects of our major trading
A big part of February's brighter
and much of Europe.
partners."
picture came from a $900 million pick-
"The basic message is that we re-
Japan and Germany especially are
up in overseas sales of U.S.-built civil-
main competitive, and despite the
experiencing slowdowns in their do-
ian aircraft and parts. But even dis-
slowdown in some foreign markets our
mestic economies that likely will make
counting the sharp gains in airplane
exports are sustaining themselves and
them weaker markets for U.S.-made
sales, economists said the increase
seem to have a slight upward bias,"
products.
was impressive and broad-based.
said Robert Dederick, an economist
with Northern Trust Co. in Chicago.
Along with a report that new claims
for jobless benefits fell to the lowest
level in six months, the trade figures
were consistent with a picture of a
slowly expanding economy, analysts
said.
Exports have been one of the
strongest sectors of the economy, sup-
porting manufacturing when many
FRIDAY, APRIL 17, 1992
other industries have been gripped by
recession.
What's News
THE WALL STREET JOURNAL FRIDAY, APRIL 17, 1992
U.S. Trade Gap
Cut in February
To $3.38 Billion
ECONOMY
By JONATHAN WEIL
Staff Reporter of THE WALL STREET JOURNAL
WASHINGTON - The U.S. posted its
smallest trade deficit in nine years in
February as a surge in aircraft sales
won't be sustainable until the economies
helped pull exports out of their three-month
improve among U.S. trading partners, no-
slump.
tably Western Europe and Japan.
The February trade gap shrank to
"We can expect continued strong export
$3.38 billion from $5.95 billion in Janu-
performance once our major trading part-
ary, the Commerce Department said. Ex-
ners emerge from their current economic
ports climbed 6.8% in February to $37.81
doldrums," said Barry Rogstad, president
billion, their first increase since October.
of American Business Conference, a group
More than half the rise was accounted for
of 100 fast-growing midsized companies.
by a 9.4% increase in exports of non-auto-
Import levels are expected to rise,
motive capital goods, principally civilian
however, as the U.S. recovery progresses.
aircraft. Auto exports also rose sharply.
Civilian aircraft exports grew 30.3%
Imports were down 0.4% to $41.20 billion.
in February, and auto exports climbed
For the first two months of 1992, exports
12.8%. Both industries typically are vola-
were 8.1% greater than a year earlier. But
tile, however, suggesting a shaky base for
economists figure the strong performance
the export growth.
"No one in their wildest imagination
Regional Trade Balances
thinks that auto exports will be able to
sustain" such an increase, said Lyle Gram-
U.S. merchandise trade balances by
ley, chief economist for Mortgage Bankers
region; in billions of U.S. dollars, not
Association. Aircraft and autos "are very
seasonally adjusted
large items. They're lumpy and tend to go
up one month and down the next."
FEB. '92
JAN. 92
FEB. '91
Food exports shot up 17.8% in Feb-
Japan
$2.97
-$3.82
$3.16
ruary, as seafood shipments more than
doubled. Exports of industrial supplies
Canada
0.69
0.26
0.51
were down 4.3%, however, as fuel oil
Western
2.63
1.69
0.29
exports tumbled.
Europe
Meanwhile, imports of food, industrial
NICs*
0.63
1.31
0.56
supplies and autos all registered significant
declines. Imports of both capital and con-
*Newly industrialized countries: Singapore,
sumer goods increased. Crude oil imports
Hong Kong, Talwan, South Korea,
were slashed 13.7% in February, while auto
Source: Commerce Department
imports fell 4.1%. But the U.S. continues
importing semiconductors and computers,
with imports climbing by 6.9% and 8.9%,
respectively.
All figures are adjusted for seasonal
fluctuations.
2
home, we must succeed economically abroad. The evidence is
indisputable: open markets and free trade mean jobs for American
workers and growth for American companies. Over the past four
decades, trade-related jobs in our country have grown three times
faster than overall American job growth.
We must build on this astounding success. Already, over the
almost tupled
past six years, our exports to Mexico have doubled, creating more
300
than 260,000 jobs here at home. We want to lock in those gains
with a North American Free Trade Agreement -- NAFTA. With Canada
and Mexico, NAFTA will establish one of the world's largest
trading areas, a $6 trillion market from the Yukon to the
Yucatan. That will mean hundreds of thousands new jobs here at
home.
And tomorrow I will meet with Jacques Delors, president of
the EC Commission, and Prime Minister Cavaco Silva, president of
the European Council, to discuss the Uruguay round of GATT, the
world trade negotiations. Over the next decade, a successful
could
conclusion of the Uruguay round will pump $5 trillion into the
cold
global economy. The U.S. share of this growth will top $1
trillion. No one should doubt my resolve to on preserving expand the
worldwide regime of open trade. GATT must be preserved, for this
reason: American workers and companies deserve the jobs and
opportunities these open markets offer.
I know that there's still much we can do to make America
even more competitive. One of our serious economic problems
right now is the cost of capital. It's too high. That's why I
To Andy
Date
4-17
Time 9:30am
WHILE YOU WERE OUT
M
of
Phone
Area Code
Number
Extension
TELEPHONED
PLEASE CALL
CALLED TO SEE YOU
WILL CALL AGAIN
WANTS TO SEE YOU
URGENT
RETURNED YOUR CALL
Message
From Rays
Johns - Office
of natil Service
Operator
AMPAD
EFFICIENCY@
23-021 CARBONLESS
04/02/92
17:10
INTERCAP/GATEWAY 12024566244
NO. 077
903
EXHIBIT I
THE YPO VISION
YPO is committed to the development of "Better Presidents Through Education and
Idea Exchange" by providing a challenging environment which promotes the exchange
of ideas and shared experiences, facilitates the acquisition of knowledge², the
development of wisdom3 and inspires and stimulates continual improvement of the
individual.
YPO fosters continual improvement of members' business enterprises, in their personal
and family lives and in their community responsibilities*.
YPO prepares members to lead and manage change in a multi-value⁵, multi-cultural
global environment, while integrating the strengths and traditions of the past with the
challenges and opportunities of the future.
YPO actively supports those principles that will further the development of individual
economic incentive⁶ and freedom of individual action?.
FOOTNOTES
1
"Environment" is any interaction between two or more YPOers.
2
"Knowledge" is learning, knowing something through experience and
association.
He
"Wisdom" comes from experience and the accumulation of knowledge.
4
YPO gives its members the skills and knowledge which members can then use
to carry out civic responsibilities.
the
All humans are a composite of value systems. Similarly, organizations, countries
and regions also have a wide spectrum of value-systems. YPO must embrace
and bridge these value systems.
100
Historically, YPO has supported free enterprise to the extent that free enterprise
- or any other economic system - stimulates and encourages economic growth
and development through the individual rather than the State or other economic
or political entity.
I
The individual is paramount in YPO. YPO promotes freedom of individual action.
YPO does not promote collective action by YPO as an organization.
[Reaffirmed . August 2, 1991, Board of Directors' Meeting]
04/02/92
17:11
INTERCAP/GATEWAY
12024566244
NO. 077
904
EXHIBIT II
YPO Purpose: Better Presidents Through Education and Idea Exchange
1.
The YPO Experience
YRO fosters a unique, individual personal experience of voluntary interaction with active
Presidents who have a commonality of Interests.
2.
Access
YPO has the responsibility to provide access to qualified Presidents worldwide, and to
encourage their participation while allowing the existing members of YPO to control the quality
of their YPO experience.
3.
The YPO Structure
YPO is a member-run organization that will govern itself on a representative basis according to
its Bylaws. All members must affiliate with an active Chapter within two years of the date of
membership.
4.
YPO Programs, Products and Services
The Organization has the responsibility to provide its membership with quality control, training
and assistance in the development and execution of their programs, products and services.
5.
YPO Communication
YPO must develop and maintain the most effective two-way communication between its
leadership and membership. This will be used for interchange of information on past. present
and future programs. products. services and issues. This is essential to YPO's continued
success.
E.
Public Relations
YPO has to be sensitive to its growing role within the world and must develop a positive profile
to meet this change.
7.
YPO and Commercialism
YPO must not allow members or member companies to be exposed to solicitation through the
use of the confidential membership rosters.
8.
Government Relations
YPO will endeavor to provide for access to governments for the benefit of YPO and its individual
members. However, YPO as an Organization should not take political positions on any issue.
9.
YPO and the Family
To further the YPO experience for the YPO member, YPO encourages and supports programs
that provide education and idea exchange to YPO families.
10.
YPO and Individual Action
YPO as an Organization does not espouse any causes or political beliefs other than its stated
purpose. YPO does encourage its members to be active and to support with their own
individual efforts and resources those causes and beliefs they believe to be worthy.
A COMMUNITY OF LIGHT:
A THOUSAND POINTS OF LIGHT IN ONE COMMUNITY
The only real hope for transforming a community is a thousand small acts of service
ELEMENTS OF A
COMMUNITY
Commitment to Children, Youth
Excellent Schools and
Meaningful Employment
A Decent, Drug Free and
Quality Health Care and a
WHOLE AND GOOD:
Developing Good Character and
a Culture that Fosters
Opportunities and the Hope of
Safe Place to Live in a
Sense of Well Being
Values, and Strong Families
Lifelong Learning
Economic Advancement
Clean Environment
EXAMPLES OF
MEMBERS OF
A COMMUNITY:
97,125,134,167,195,241,242,261,266,292,
1,12,18,28,57,97,112,116,125,134,167,168,172,
125,134,185,227,241,275,292,300,324,347,
3,125,171,194,241,260,261,296,307,332,
15,125,134,136,173,239,257,260,261,271,
BUSINESSES
300,344,355,368,381,382,385,412,433,439,
195,219,225,241,242,266,271,292,300,311,326,
355,381,385,428,447,450,460,473,477,482,
338,355,368,415,422,439,450,460,461,466,
275,288,316,338,368,381,385,428,443,444,450,
466,467,473,477,482,484,485,488,490,491,
329,344,355,368,381,382,385,412,415,428,433,
488,489,493,494,505,540,554,572,598
467,473,477,482,484,485,488,489,490,491,
453,459,460,461,471,482,483,484,485,487,488,
494,547
439,447,450,466,467,471,473,477,482,484,484,
493,507,524,540,554,581,584
485,488,490,491,493,494,495,507,524,567
489,490,495,524,528,531,532,533,538,540,547,
551,554,560,567,568,572,581,584
37,77,88,102,117,139,140,146,165,168,172,178,
86,102,128,131,139,140,146,155,191,193,200,
52,146,292,300,384,409,558,564
34,59,119,121,128,139,144,146,150,165,
48,58,102,113,114,117,128,131,139,140,
SCHOOLS
183,191,193,200,219,232,240,246,259,262,265,
203,240,246,259,261,280,292,293,297,300,310,
270,274,278,280,292,293,297,298,300,302,303,
191,194,220,261,274,294,310,351,352,364,
146,155,164,191,261,268,278,280,317,319,
312,325,350,351,353,362,364,390,400,404,405,
311,312,319,321,326,329,350,351,352,362,364,
404,405,410,411,417,420,421,454,465,467,
325,346,350,351,352,362,364,390,404,417,
410,411,417,420,421,432,454,464,469,474,476,
384,390,400,404,405,409,410,411,417,420,421,
469,474,481,486,556
444,464,465,474,476,481,556,562,565,590,
481,486,562,565,569,579,599
432,454,464,467,469,474,476,481,486,556,558,
592,597,599
562,564,565,578,579,599
PLACES OF
127, 131, 146, 176, 177, 261, 284, 286,
127,141,146,161,175,176,177,211,284,286,
42,104,127,141,146,177,179,211,276,284,
62,104,127,144,146,163,176,177,179,194,
46,104,127,131,141,146,163,175,176,177,
342, 352, 354, 424, 426, 435, 452, 454,
319,324,329,342,348,352,354,367,377,394,
286,296,324,342,348,352,354,377,424,488,
211,261,284,286,294,296,324,342,348,422,
179,210,211,235,261,276,284,286,319,335,
WORSHIP
470, 488, 522, 525, 555
423,424,426,435,452,454,470,488,548,555
489,522,541,548,555
424,435,452,454,488,489,522,541,548,555,
342,348,352,354,367,394,423,426,435,470
574
488,489,525,541,594,597
5,33,39,40,66,68,99,108,115,126,129,130,132,139,156,
27,60,99,105,108,115,124,126,129,130,131,132,139,
157,158,161,167,172,174,181,191,192,193,209,211,214
108,126,129,130,142,156,157,181,205,211,
10,11,13,21,24,25,49,53,56,65,67,69,73,76,78,81.
142,149151,157,162,173,181,187,191,198,201,205,210,
CLUBS AND
157,158,167,169,174,181,191,192,193,203,209,214,
212,236,275,276,277,279,290,291,296,299,
85,92,107,115,119,123,124,129,138,139,148,150,
211,223,226,230,235,236,239,244,251,254,257,260,261,
NEIGHBORHOOD
226,227,233,236,240,244,247,251,253,258,261,291,
293,299,301,305,323,324,329,334,337,344,351,352,354,
157,158,160,169,171,181,186,189,191,194,201,205,
267,273,275,276,279,281,282,283,290,295,305,306,318,
293,299,301,310,330,334,349,351,353,354,355,356,
324,337,345,354,355,363,366,373,374,377,
355,356,359,360,361,362,363,364,372,373,374,375,376,
209,211,212,217,226,227,236,238,244,256,260,261,
330,331,333,335,336,338,341,342,344,349,350,351,352,
GROUPS
359,361,362,364,370,372,378,381,382,385,391,395,
377,378,379,381,382,383,385,386,391,395,398,402,404,
379,381,385,386,402,406,409,431,436,447,
264,306,310,318,324,330,334,337,338,351,352,355,
354,356,357,360,362,363,364,366,370,372,373,374,375,
398,404,405,406,408,411,412,414,416,421,425,426,
405,407,407,408,409,411,412,414,415,416,418,419,421,
460,463,468,480,482,505,516,540,545,563,
359,364,369,391,395,398,404,405,406,408,411,414,
376,389,381,383,385,386,391,393,395,404,406,407,408,
427,432,433,434,435,436,441,445,446,451,452,455,
425,426,427,429,430,431,432,433,434,435,436,440,441,
415,419,421,422,427,434,435,436,440,441,445,446,
414,418,425,426,429,430,435,436,451,453,455,457,460,
587,598
458,464,470,474,479,480,482,485,486,502,505,510,
445,446,447,451,452,455,458,464,470,474,480,482,485
452,455,458,460,463,465,468,474,480,482,485,486,
463,464,465,468,470,474,478,479,480,482,485,495,499,
512,513,518,519,523,525,527,528,530,535,536,537,
486,495,512,517,519,529,530,535,543,544,545,552,557,
501,503,505,513,516,518,530,540,545,549,552,
501,502,504,510,511,513,514,517,518,519,520,526,527,
559,563,566,579,585,587
543,549,553,557,559,561,566,573,574,579,585,587
553,561,585,587
536,537,538,539,540,544,549,552,556,559,561,570,571,
573,588
PUBLIC SECTOR
124,128,134,191,233,241,242,250,261,269,
8,96,134,168,178,191,219,233,241,242,250,
96,134,241,269,373,384,409,431,482,488,
7,96,124,128,171,186,191,194,201,
128,134,186,191,197,201,208,261,283,285,
ORGANIZATIONS
304,334,340,344,400,414,437,466,482,485,
298,323,329,334,344,373,384,400,403,409,
489,493,499,580,596
238,241,250,261,269,289,309,334,
304,317,340,344,373,403,414,438,482,483,
488,490,491,531,579
414,431,437,466,482,485,488,490,491,493,
403,414,466,482,485,488,489,490,
485,487,488,489,490,493,531,538,582,597
579,580,596
491,493,580,596
90,93,94,98,124,126,128,132,140,145,155,
9,17,20,22,54,57,75,88,89,94,95,96,98,103,109,
44,47,63,74,94,96,100,126,137,180,185,
6,16,26,32,36,45,64,72,82,91,96,98,100,
2,4,14,19,23,28,41,43,50,55,70,79,84,87,98100,101,
165,180,182,195,196,200,202,203,216,241,
110,126,132,137,140,147,165,170,175,182,183,
103,106,118,120,122,124,128,144,165,180,
106,111,114,128,135,137,140,143,145,152,153,154,
FAMILIES AND
261,266,269,297,304,313,325,340,350,355,
195,196,199,200,218,219,222,225,228,229,232,
450,475,477,482,494,499,521,580,587,598
184,194,204,221,241,250,261,269,274,288,
155,159,164,166,175,180,188,190,197,206,207,208,
INDIVIDUALS
356,358,365,368,380,387,388,396,397,401,
234,241,250,255,262,263,265,266,271,272,274,
213,215,216,229,231,237,243,245,248,249,252,255,
285,286,287,302,311,321,322,326,350,355,356,
294,307,332,355,358,368,380,392,408,410,
261,268,271,285,286,287,288,304,308,313,314,315,
408,410,411,412,441,442,446,451,455,456,
358,368,371,377,380,387,388,389,392,396,397,
411,419,441,446,448,450,455,456,461,462,
316,317,320,325,327,328,339,340,346,350,356,358
462,472,475,477,482,484,494,497,500,506,
399,401,408,410,411,412,413,419,423,429,430,
472,475,477,482,484,497,521,542,571,580,
508,509,515,524,531,542,547,550,567,569,
441,442,446,448,449,450,451,455,456,462,472,
581,584,587
429,430,438,442,448,449,450,451,455,461,462,482,
586,587,589,591,599,600
475,477,482,484,494,497,509,515,516,567,578,
580,587,591,598,599,600
542,546,547,550,561,567,576,577,581,583,584,586,
588,590,593,594,595,599,600
# Individuals and organizations throughout the nation recognized by the President as Daily Points of Light for
* Points of Light that address several community objectives, or that represent collaborative efforts by different
Prepared by the White House Office of National Service
engaging in direct and consequential acts of community service focused on serious social problems.
sectors of a community, have been placed in more than one category.
Dlenn Hubbard
566- 2563
Treasury
(Ferguson/Aarhus)
April 16, 1992
Draft One
YPO
PRESIDENT REMARKS: YOUNG PRESIDENTS ORGANIZATION
ROOM 450
TUESDAY, APRIL 21, 1992
XX:00 PM
[Acknowledgments]
I am pleased to be here with you today. I'd like to briefly
address a few issues of concern to all Americans, but
particularly to those of you in the business world. Your
creativity and know-how are the fuel that creates our country's
wealth and provides rewarding and fulfilling jobs for our
communities.
In a free market, the role of government is too allow that
creativity and know-how to flourish. That means, in a word,
growth. I have tried, as you know, to promote sensible policies
conducive to economic growth. Earlier this year, I proposed to
1
the Congress a seven-point plan to jumpstart our economy.
Unfortunately, the Democrats in Congress had other ideas.
Instead of offering a serious, growth-oriented package of their
own, they sent me a grabbag of tax-and-spend proposals.
I drew the line against those new taxes, and I've made it
clear that I will not allow an abandonment of the budget
discipline that is the best hope we now have of controlling
government spending.
But I want to assure you today: our agenda for economic
growth is very much alive.
One of our serious economic problems right now is the cost
of capital. It's too high. That's why I will continue to fight
2
for a cut in the tax rate on capital gains. A high cap gains
rate merely discourages investment, and thus business expansion
and job creation.
None of our major industrial competitors taxes capital at
rates comparable to ours. Germany doesn't tax long-term cap
gains at all; Japan taxes them at a rate of one percent.
Yet the very people who complain about our ability to
compete worldwide vehemently oppose giving business this
essential competitive tool. A lower cap-gains rate will benefit
virtually everyone in America -- not only those who run a
business but anyone who owns a house or a share of stock, or
anyone who seeks a better job. It's time to stop punishing the
pursuit of excellence. It's time to cut the tax on capital
gains.
We are also working to lighten the regulatory burden that
Washington imposes on American business. You may recall that in
my State of the Union address, I announced a 90-day moratorium on
federal regulations. Wherever possible, we have blocked those
regulations that discourage growth; and we are accelerating those
that encourage growth. I will soon be reporting on the results
of our moratorium, and I think that you -- and anyone who cares
about our economic recovery -- will be pleased with the results.
But I can confidently tell you now: The day of over-regulation is
just that -- over.
We are pursuing comprehensive reforms in other areas that
directly relate to America's long-term competitiveness. We've
3
proposed a market-based health-care reform, to control
skyrocketing costs and bring coverage to the uninsured. Through
our America 2000 initiative, we are continuing our efforts to
revolutionize -- literally reinvent -- American education, to
create the most highly skilled workforce in the world. And we've
introduced important steps to reform our legal system, to put an
end to the frivolous lawsuits that mire so many businesses and
individuals in a bottomless swamp of litigation. We must start
suing each other less and helping each other more.
And that brings me to a final point. I would like today to
challenge you to join a movement that is transforming our
country. I speak of community service, of those bringing help to
the helpless, hope to the hopeless. Each of you I know is a
leader in his or her community, a person to whom other community
leaders look to for guidance and inspiration. The contribution
you can make is literally without limits.
4/16/92
Mtg. re: Young Organization President's
***
YPO
4500 U.S. members
Type A male
worldwide
self-satisfied
Pres of company, under age 50
here
150 chapter members
also members of WPO id pr
over 50 yrs.
CED - ceos
(intreprenurial)
YED young exce-org-
what they want to do for us re community of light
PORS bro mem of YPO?
Board of Dir.
Senior leaders
tend not to be too interested in
comm. service
Purpose of briefing
1. The economy - growth agenda
2. Getting all their organizations into comm ser.
Pres of YPO swill appoint someone
to lead this movement
y but not before but before
POTUS
this speech.
Sec. Brady
Gregg
order of program
Skinner
PORIS should challenge YPO to be more involved
Don't force them into it
Sensitivities
- do not support communities of light
- want individuals in group to take charge, groupas a
whole does not support causes as a group
- they have good natworking capabilities to help
Gregg thus far will get anec N: what other bur have done
eventsite:
Rm. 450
Communities of light
influential leaders get each other to get community
members involved in comm. ser.
YPO these execs, are involved in comm., or know
people who are.
they are leaders of leaders (they Sthis)
POTUS
1. there are exces making a diff anecs
2. leaders of all institutions in a comm can
mobilize members to become POL
t challenge you as mem. of ypoto
get your communities involved. see
yourself as leaders of other leaders who
call their mems. to axn.
make acomm of light
see POL matrix (fi. mtg)
small platoons of people working through their institution
potris
companies Hat mager in comm. service
find extra benefits: confidence morale
helps comm. you live in
helps company (toamwork, respect
- -t'ma big shot - t really should help the
"ymaller leaders + do good forthe community
(very flattering to have Poous call on these big
leaders to help)
Ray will get anecdotes
Economic growth - high light this
YPO- smaller businesses
pro-trade -want growth
cap gains
THE WHITE HOUSE
Office of the Press Secretary
For Immediate Release
April 21, 1992
REMARKS BY THE PRESIDENT
TO THE YOUNG PRESIDENTS ORGANIZATION
Room 450
Old Executive Office Building
2:04 P.M. EDT
THE PRESIDENT: Thank you all. Please be seated. I am
delighted to be here and it's delightful to have this distinguished
group of executives here. I want to single out Doug Glant, the
International President of YPO, and thank him for "honchoing" this
outfit and getting everybody together. Some of you look a little old
to be YPOs, but nevertheless -- (laughter) -- far be it from me to be
throwing darts in this way. (Laughter.)
But I'd like to briefly talk about some of the issues of
concern -- certainly of concern to this group, but I think of concern
to all Americans, but with particular emphasis for the business
community. Your creativity and the know-how that I think of when I
think of YPO really are the fuel that creates our country's wealth
and provides rewarding and fulfilling jobs for our communities. And
the role of government in free enterprise is to allow this creativity
to flourish. And that means growth.
I know we've had a very difficult time here, a far
longer slowdown -- indeed recession in some corners -- than we would
have liked. But for the past three years, we have been trying to
promote sensible policies that will help you expand businesses and
help create jobs. And we're going to continue to fight for a growth
agenda. I had to veto some tax legislation recently, but we were
pressing at the same time for seven bullet-point pieces of
legislation that would have stimulated the economy. I am still
hopeful that we can get some of them through this Congress, and I'll
mention a couple of them in a minute.
We face a decision here in the White House now on
another subject, and that's the participation in the U.N. Conference
on the Environment and Development in Rio. The attendance of the
U.S. President at the Rio Conference would add a major political
impetus to that undertaking; there's no question about that at all.
The world looks to us for leadership in this field. But it could
also commit the United States to a course of action that could
dramatically impede long-term economic growth in this country. And I
am committed to international cooperation to preserve the world's
environment. I want to be very clear on that. And that's why I
would like to go to this conference. But I am not going to go to the
Rio Conference and make a bad deal or be a party to a bad deal. I am
not going to sign an agreement that does not protect the environment
and the economy of this country.
And this is a very important decision. It's an
important decision for our environment and it's a very important
decision for our economy. And to play politics with the Rio
Conference severely undercuts the U.S. position as we try now to
assure a world view that will protect the environment and the
economy. Negotiations are going on right now to try to accomplish
both before I make a decision as to whether or not I will go to Rio.
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We are going to consider intensely this matter in the days ahead.
And I'm going to let you know soon -- let the country know soon of
our final decision on my attendance in Rio.
Here at home last week, we had some more heartening news
about the United States economy. All around the world, consumers and
companies buy American goods and services in ever-greater amounts,
despite the sluggish performance of some of their own economies.
U.S. exports -- I look around this room and I see many who are
participating in this -- U.S. exports are experiencing a surge,
rising seven percent in February to a one-month record high of almost
$38 billion. And once again, I think in a good sense, American
exports, manufacturing exports, are leading the way.
This good news underscores a fundamental truth about our
own competitiveness: If we're to succeed economically at home, we
must succeed economically abroad. And the evidence is indisputable:
Open markets and free trade mean new jobs for American workers and
certainly growth for American companies. Over the past four decades,
trade-related jobs in our country have grown three times faster than
overall American job creation.
We must build on this astounding success. And already
over the past four years, our exports to Mexico have more than
doubled, creating more than 300,000 export-related jobs here at home.
And I remember attending a YPO meeting in Mexico about 12 years ago,
maybe 14 I think it was, when we were really way behind the power
curve in terms of doing business with that country. And they were
way behind the power curve in terms of a political situation that
would permit the kind of vigorous business that I've just talked
about here.
But what we're trying to do now is take that improvement
and lock in the gains with what is known as the NAFTA, the North
American Free Trade Agreement. With Canada and Mexico, the North
American Free Trade Agreement will establish one of the world's
largest trading areas, a $6-trillion market from the Yukon to
Yucatan. And that's going to mean hundreds of thousands of new jobs
for U.S. workers. Those that are fighting me or fighting us on this
concept are saying it will cost jobs. We are absolutely convinced
that a successful conclusion to that trade agreement will create
jobs, and I mean good jobs.
Tomorrow, on another field, I'm going to be meeting with
Jacques Delors, the President of the EC Commission. And with him
will be President Cavaco Silva, an old friend, President of the
European Council. He is the Prime Minister of Portugal as you know.
And we're going to be discussing the Uruguay Round of the GATT, the
world trade negotiations that are so essential to expanding trade for
everybody.
Over the next decade, a successful conclusion of that
Uruguay Round could pump $5 trillion into the global economy. And
the U.S. share of this growth would top $1 trillion. And no one
should doubt our resolve to preserve and expand the worldwide regime
of open trade. GATT must be preserved for this reason: American
workers and American companies deserve the jobs and opportunities
that those open markets offer.
I think these negotiations are going to be tough. They
are going to be difficult. But we're approaching them, as we have
earlier negotiations, with a positive spirit. We will do our part,
but the United States must not be asked to bear the entire burden of
compromise when it comes to hammering out a successful conclusion to
this GATT Round.
There's still much we can do to make America more
competitive. And one of our serious economic problems right now --
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and I won't tell you too much about this, lest you tell me about it
-- that is the cost of capital. And it's too high. We know that.
And that's why we're going to continue to fight for a cut in the
capital gains rate -- capital gains tax rate. A high cap-gains rate
discourages investment and, thus, business expansion and, thus, job
creation. And it is very clear to most business people that this
would be a helpful thing.
Ironically, two years ago, in both Houses we had a
majority for reducing the capital gains tax. And it was beaten down
purely by the political leadership in the United States Senate,
keeping us from giving this incentive to American businesses, large
and small. I am continuing to fight for this. Some call it a tax
break for the rich, and I never believed that in the first place and
I don't believe it now. And we're going to keep fighting to get that
stimulative cut in capital gains.
None of our industrial competitors -- major industrial
competitors -- tax capital gains at rates comparable to ours.
Germany, as some of you know, Germany doesn't tax them
at all. And in Japan, an entrepreneur who sells the company that
he's built from scratch pays a tax of one percent. And we are
supposed to compete with those vigorous economies with a much higher
capital gains rate.
And yet, the very people who complain about America's
ability to compete block our effort -- every effort to lower the
capital gains tax. A lower rate will benefit virtually everyone in
America, not only those who run a business, but anyone who owns a
house, or share of stock, seeks a better job. It will help a lot in
the agricultural area of this great country of ours, too. So it's
time to stop punishing the pursuit of excellence. And it's time, I
think, to cut the tax on capital gains.
We're also working to lighten up the regulatory burden
that Washington imposes on every American business. Last January we
announced a 90-day moratorium on federal regulations. Wherever
possible, we blocked those regulations that discourage growth and
we're accelerating those that encourage growth.
so far, the preliminary estimates show that we've saved
American business $10 billion to $20 billion in regulatory costs.
When new legislation is passed, clearly new regulations are required.
I'm thinking of the civil rights legislation that I'm very proud of:
the Americans with Disabilities Act. And, yes, it imposed a burden
on some, but it was overdue. It's sound legislation. It encourages
people to get into the mainstream. And yet, there's been some cost
with that one.
We renegotiated the Clean Air Act, and that was long
overdue. And I think it's good. We tried to use market forces,
incidentally, in letting people meet the clean air standards, but
nevertheless, that imposed a regulatory burden. So now we're trying
to move forward and fulfill our responsibilities for safety and all
of that, but eliminate this movement towards overregulation. And as
I say, these preliminary estimates have been pretty encouraging in
terms of the savings in regulatory costs.
I'm going to soon be making an announcement about our
battle against these excessive regulations, but for now I simply want
to say the days of overregulation are just that -- they are over.
And we are going to stay in there to be sure that independent
agencies, whatever they are -- people -- whoever come in with these
excessive regulations are going to have them blocked, if at all
possible.
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We're pursuing comprehensive reforms in other areas that
directly relate to America's long-term competitiveness. We've
proposed, for example, market-based health care reform to control the
skyrocketing costs and to bring coverage to the uninsured. I do not
want to see us lose the quality of health care that we have in this
country by going to the pay-or-play plan that's going to break a lot
of small businesses; or even worse, to the so-called nationalized
plans that have many of our neighbors sending their people over here
for care. We are not going to go to that centralized or socialized
approach to medicine. And the proposals that we have made that give
people access to insurance and show much greater flexibility in the
insurance pool I believe is the answer to this health care problem.
In another way, another field, through our America 2000
initiative, we are intensifying our efforts to literally
revolutionize -- reinvent -- American education. It isn't good
enough anymore to simply throw more money at the mandated programs
that have failed the young people of this country. And we're not
going to do that. And we've gone together, gotten the governors
together, set six national education goals -- very sensible goals --
no partisanship involved in that coming together of the governors,
and now we're moving forward trying to get this program underway.
Some legislation is required. Fortunately, a lot of legislation is
not required, and we can go right to the communities to reinvent the
American school. And it is a good program, and I urge you to take a
hard look at it because I know that you know that we are going to
have to do a better job of education, particularly in math and
science, if we're going to be competitive in the year 2000.
So American education -- I think we've got a good
program and I strongly urge you to give it your support.
Another area that I know is of concern to people here,
it is to me, and that is the area of legal reform. We have
introduced important steps to reform our legal system, to put an end
to the frivolous lawsuits that mire so many businesses and
individuals and community activities in a bottomless swamp of
litigation. We've got to sue each other less, start helping each
other more.
And I will continue to fight to get this Congress,
hostile Congress in this area, I might say, to at least give an up or
down vote on reform of the liability system. We haven't even been
able to get that; we haven't even been able to get it out of
committee; blocked by powerful lobbies up there. So here's an area
where I know your interests are at stake and an area where I would
earnestly solicit your support. Because we must start capping some
of these outrageous settlements that run the cost of business right
off the chart, run doctors out of business, and say to Little League
coaches, hey, you better not take a chance by coaching the Little
League or this guy over on third base is going to sue you.
And SO we're going to fight this one. But again, it's
an area where we need your help.
And the last point is this: The fact is that none of
these pressing social problems are going to be solved without the
voluntary involvement of individuals and communities. And when I
think of YPO and the success that this epitomizes, this organization
epitomizes, I think of a thousand points of light and I think of
people who, in spite of spending an awful lot of time building and
creating jobs for people, they find time to do something in the
communities. From the first day of this administration, we have
called on every American to be a point of light -- to bring hope to
the helpless, and to help the homeless, and to love and care for
those who are in need.
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And it is working. And it isn't a government program;
it is simply encouraging the sense of volunteerism that is in
everybody. Right here in your organizations, you're going to --
plenty of examples of what I'm talking about. Gay Mayer, who works
with a drug rehabilitation program in his area, has helped more than
100 young adults recover from the ravages of drug abuse to lead
productive lives. What one individual has been able to do just by
giving of himself. Joe Lobozzo, who spends his Wednesday nights
counseling children of alcoholics.
I would like today to challenge all of you to join these
men in a movement that is literally transforming our country. It is
much more effective than having a mandated specialized program coming
out of some subcommittee in the United States House of
Representatives. And it is working. It is the best in ourselves.
And I urge you to really, really pitch in.
First, I ask you to make your company a point of light,
by personally devoting as much time as you possibly can to community
service, encouraging the employees to do the same. This whole
concept of mentoring, where businesses reach out and help in this
Education 2000 program, is really working around the country.
Secondly, you can encourage other leaders to make
voluntary service part of their own missions as well. And finally,
you can work among your vast memberships to help America itself
become a nation with communities of light -- a concept where an
entire community comes together figuring how to solve its own
enormous social problems.
I spoke earlier with some of your leaders -- Doug and
others -- and I know that there is support among your members to
assume this leadership role. And I know Doug has asked David Weaver,
an old friend, to work with each of you to decide how you can all
best respond to this challenge.
I am convinced the results will be profound, and urging
this -- we're not trying to escape the responsibility of the federal
government. It's something entirely different. It's the concept
that Thoreau noticed years ago about the propensity of one American
to help another. And we're simply trying to revitalize this,
especially in these days of scarce resources and failed centralized
mandates.
So we've got a lot at stake here, including the legacy
that we leave our children. We all want a world at peace; strong,
wholesome families; rewarding jobs for all who seek them.
You know, in these days, you hear and I hear mostly
about the problems. We've got a lot to be grateful for in this
country. Our kids -- grandkids in some cases -- go to bed at night
with far less fear of nuclear war. The war has changed dramatically
in the last three years -- unprecedented changes that nobody would
have believed possible.
In the Middle East, ancient enemies are at least talking
about peace. South of our border you see the emergence of
democracies that none of us would have predicted just three or four
years ago. The solidifying of the democratic way. And you see
countries coming to grips with their economic problems. Argentina
comes to mind; Mexico, a sterling example of this dramatic change
that is taking place around the world.
I spent this morning talking to a group of business
people on working with them on what we can do to help democracy along
in the CIS, the Commonwealth of Independent States over there, led by
Russia. And then the Ukraine, with Kravchuk coming here next month
and Yeltsin the next. And so there's an awful lot of change in this
world that is good and strong and positive.
- 6 -
And now what we've got to do is take these ideas, and
maybe some that you have that I haven't mentioned, bring them to bear
on the economic problems SO we can regain the growth that is
absolutely essential if the United States is going to continue to be
the leader in these very important areas.
But you've caught me on an upbeat day, a day that I am
confident about the United States' leadership. It is only -- I might
tell you this, and some of you can confirm this from your trips
abroad -- it is only our country that the others look to now as the
undisputed leader of the entire world. So we've got to fulfill those
responsibilities while still trying to do what we can to assist those
that are hurting right here at home.
And I am confident, with your help, with your continued
imaginative leadership, that we can do just exactly that. So thank
you very, very much for coming to the White House. I didn't intend
to give you this much of a lecture, but I'm just -- I don't normally
have such a high-talented, captive audience. Thank you all very,
very much. (Applause.)
END
2:25 P.M. EDT
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