Good morning. On Tuesday, I will host an economic forum at Baylor University,
in Texas, to meet with people on the front lines of the American economy. Small
business owners, working people, investors, corporate leaders, economists, farmers
and government policy makers are coming together to discuss where our economy
stands, the impact of the policies we have put in place, and the steps we are
taking as we move forward.
After a recession that was beginning as I took office, the terrorist attacks
of September the 11th and the corporate scandals that have recently come to
light, the American economy faces challenges. Yet, the great strengths of America
are more than equal to its challenges. American workers are productive, American
entrepreneurs are visionary, and we are acting to reach the full potential of
These efforts began last year with a tax cut that boosted our economy at just
the right time, and continues to put more money into the hands of consumers.
I have just signed into law Trade Promotion Authority, which I will use to open
foreign markets to American goods, creating high paying jobs at home. I worked
with Congress to enact new laws designed to keep corporate executives and auditors
honest, and to punish those who are not. And we are actively investigating,
arresting and prosecuting corporate wrongdoers.
And this week, hundreds of companies will submit signed statements to the SEC,
either verifying that their financial records are accurate, or letting investors
know if there are any problems.
Yet, there is more we must do: more to promote long-term growth and create jobs
in our economy; more to enforce budget discipline in Congress, so we can focus
on urgent priorities like the war on terror; more to guarantee pension security
and improve access to affordable health care; more to educate every child for
economic and personal success.
At next week's economic forum, we will discuss all these topics. Economists
will provide their latest ideas and analysis of the economic recovery. But I'm
also eager to hear from Americans from all walks of life, who are working hard
to make ends meet during these uncertain economic times. And I expect I will
get a wide variety of suggestions on strengthening the economy.
Let me tell you about some of the Americans participating in this forum. Xavier
Teixido, a restaurant owner from Delaware, he immigrated to this country from
Paraguay when he was two years old, and worked his way up in the restaurant
business. He was recently elected Chairman of the Board of the National Restaurant
Maria Sobrino is another entrepreneur who will attend the forum. In 1982, she
brought her mother's traditional Mexican desserts to the U.S. market. Twenty
years later, she owns a successful food production company in Southern California.
Mr. Teixido and Mrs. Sobrino will tell us about the obstacles small business
owners face, and offer opinions about how the federal government can help small
businesses thrive and create more jobs.
Robert Landon and Jimmie Morgan will also join us at the forum. Robert is a
driver for UPS down in Waco, and a member of the Teamsters. Jimmie works for
Boeing in Wichita, Kansas, and he has held a number of jobs in the company,
from factory worker to management. Robert and Jimmie know that more trade means
more jobs, and they want to be sure our nation continues to open foreign markets
to American goods.
With the help of Xavier Teixido, Maria Sobrino, Robert Landon, Jimmie Morgan
and other participants, the economic forum will generate ideas to strengthen
our economy, and make workers and investors more secure. I look forward to participating
in the discussions and sharing our findings with the American people.