with Economic Team
Prairie Chapel Ranch
August 13, 2003
11:44 A.M. CDT
THE PRESIDENT: Good morning. As you can see, my economic team came down. We've
had some great briefings. Let me summarize by saying that this administration
is optimistic about job creation. We believe strongly that the tax relief
plan that was approved by Congress in '01, and most recently in '03, is going
to have a very positive effect on economic growth and vitality. We believe
it is more likely in the upcoming year that people are going to be able to
find a job, and that's exactly what -- where we focused our policy.
But I also know there's more that can be done. I think one thing is certain,
and we've spent a lot of time discussing this, there needs to be a strong
message to Congress not to overspend, set priorities and hold the line on
the priorities. As well, we need an energy policy and we need good tort reform.
And I appreciate the fact that the House has passed a good energy bill and
the Senate passed an energy bill. Now is the time to get together and reconcile
their differences and get a bill to my desk. I also appreciate the fact that
the House passed good class action reform, and the Senate now needs to follow
And I also look forward to working with the Congress to get associated
health care plans passed, which will make it easier for small businesses
to be able to write affordable health care for their employees. So there's
some things we can do to make sure the economy continues to grow so people
can find work. If you'll remember the tax relief plan that was passed was
called the jobs plan, growth and jobs creation plan -- that's what we're
interested in. We're interested in people being able to work in America.
And we're upbeat about the chances for our fellow citizens who are looking
for work to be able to find a job.
I'll answer some questions, starting with Scott.
QUESTION: Thanks, Mr. President. President Taylor has met your demand to leave Liberia.
You've got a West African peacekeeping force in there. Is the time right
to send in those 4,500 Marines and sailors? And should Nigeria turn President
Taylor over to the War Crimes Tribunal?
THE PRESIDENT: They can work that out, how they deal with Taylor. One, I'm
glad he's gone. But my focus now is on making sure that humanitarian relief
gets to the people who are suffering in Liberia. And one of the things I
have said all along was that we are there to help ECOMIL do its job by providing
the conditions necessary for the arrival of relief. And that's why we've
got an assessment team on the ground that's dealing with the Nigerian who's
in charge of ECOMIL, to determine what is necessary to help ECOMIL do its
job. They are in the lead and we are there to support and help.
Obviously, one place we've got to make sure is secure and open is the port.
So we're working with ECOMIL. And I will again take recommendations from
the Defense Department as to what is necessary to fulfill the mission.
QUESTION: What's your timetable, if I may?
THE PRESIDENT: My timetable of listening --
QUESTION: Making a decision on whether to send those 4,500 in.
THE PRESIDENT: Well, I've already made the decision, Scott. And I said this
from day one. The decision is for us to help ECOMIL do its job of getting
humanitarian relief to the people in Liberia. I've made that decision, and
nothing has changed.
QUESTION: Yesterday there was a sting operation that netted a Brit believed to be
trying to sell surface-to-air missiles to someone they believed who was al
Qaeda, highlighting the dangers to airlines. Also yesterday there were three
lost fisherman who came on shore to JFK Airport, breaching security.
Your democratic opponents are trying to use homeland security as an issue
in the campaign, saying that the administration is not doing enough to protect
the American people. What is your assessment in light of what happened yesterday?
THE PRESIDENT: My assessment is people are going to say the darndest thing
when they run for office, in terms of just the politics. The American people
know the difference between politics and reality, and the reality is we're
doing everything we can to protect the homeland.
And the fact that we were able to sting this guy is a pretty good example
of what we're doing in order to protect the American people. And our homeland
security is focused on airport security. And today the airports are much
more secure than they were prior to September the 11th. America is a safe
place for people to fly, precisely because we're working hard to make sure
that our homeland security is strong.
The other way to make sure the homeland stays strong is to hunt terrorists
down before they come to America. And that's why we're on the global hunt.
That's why we've got troops around in places like Afghanistan and Iraq dealing
with potential terrorists, bringing them to justice, finding them before
they hurt us.
QUESTION: Are you going to go for a new round of tax cuts this fall?
THE PRESIDENT: Elizabeth, we are discussing a lot of things. And we believe
that the tax relief plan we have in place is robust enough to encourage job
QUESTION: Is that a "no"?
THE PRESIDENT: Well, as of this moment -- see, things change in the economy,
as you know, but as of this moment, we feel like the plans we have in place
are robust enough to create jobs.
QUESTION: Is there any discussion --
THE PRESIDENT: Please. The other thing that's necessary is to make sure
we've got spending discipline in Washington, to make sure that Congress doesn't
overspend. And that will -- because that will affect the psychology of those
who are -- risk capital in order to create the job base.
You had a follow-up, I take it.
QUESTION: Yes, I was just going to ask you, the discussions in the administration
-- maybe not at the White House level -- about a, perhaps a business tax
credit, that you would get a tax credit if you hired somebody to sort of
THE PRESIDENT: Well, thus far we -- in the discussions today, we feel like
the tax relief plans that we have passed will be robust enough to create
the conditions necessary for economic growth, and therefore people will find
a job. If we change our opinion, we will let you know. You may not be the
first to know, but you'll be one of the first to know.
QUESTION: Russia has proposed a multilateral security pact to end the standoff with
North Korea. Are you willing to offer incentives before North Korea dismantles
its nuclear weapons program?
THE PRESIDENT: Here's what we're going to do. We're going to continue the
dialogue with North Korea, to make it clear to them that not only does the
United States feel strongly that the peninsula ought to be nuclear free,
but other countries which live in the neighborhood feel the same way. And,
remember, the policy has evolved from one of bilateral -- you know, pressure
to negotiate bilaterally with the North Koreans. That's what we did in the
past. And that policy unfortunately failed because the North Koreans didn't
keep their word about whether or not they would enrich uranium.
And so now we've taken another tact, which is to, first of all, to convince
the Chinese to be an active participant in a dialogue to make sure that the
Korean Peninsula is nuclear free. By the way, the first stage of that happened
right here in Crawford, when Jiang Zemin came to visit. And he stated clearly
after that visit that it was in China's interest that the Korean Peninsula
be nuclear weapons free.
And we're just continuing that policy. It's very helpful that the Russians
are involved with the dialogue with the North Koreans. It is also very helpful
that the South Koreans and the Japanese will be involved. And I think we
can deal with this issue in a peaceful way, and we're making good progress.
QUESTION: Mr. President, you said that candidates say the darndest things when they're
running for office. One of the things they're saying is that there are fewer
jobs now than when you took office.
THE PRESIDENT: Yes.
QUESTION: A year from now you are going to be standing for reelection, yourself.
Do you think there will be as many jobs as when you took office? And when
will we start to see a significant decrease in the unemployment rate?
THE PRESIDENT: Let me remind the listeners here about what our country has
gone through. The stock market started to change in March of 2000. And there
was a precipitous decline in March of 2000. And that began to affect savings
and money and attitude. And then the country went into a recession. The first
three quarters of 2001 was a recession. And we dealt with that by passing
tax relief, which made the recession one of the shallowest in history.
Now, people said, well, maybe you shouldn't have done that, maybe you shouldn't
have had tax relief, maybe you should have let the recession run its course.
But my attitude about that is, is that a deep recession would have caused
more people to lose work. And I'm more worried about families finding a job
and putting food on the table than I am about economic theory and economic
numbers. And so the recession was shallow.
And as the economy was beginning to recover, the enemy hit us on September
the 11th, and that affected our economy in a big way. And then we had corporate
scandals which we've dealt with. And then, of course, you remember the "march
to war." I've reminded people -- I think this isn't the first time I've
said this -- that some would put on their TV screens that we were "marching
to war." As a matter of fact, it was a year ago that we began the "march
to war." During the August vacation, as I recall, there was the march
to war. It's hard to have an upbeat view of the world when you're "marching
to war." War is not exactly a positive thought, particularly when it
comes to people willing to take risks, and consumer confidence.
But, nevertheless, we dealt with that issue. And so now the economy is --
having overcome those obstacles, is beginning to recover. And, yes, I think
people are going to go back to work. And I firmly believe that what we have
done was the absolute right course of action in order to help people find
Mark, you've got a question?
QUESTION: I do.
THE PRESIDENT: I'm being very generous today, as you can see.
QUESTION: Yes, you are. Thank you, sir.
THE PRESIDENT: My pleasure.
QUESTION: If a Democrat were President, and running --
THE PRESIDENT: Wait a minute. Let me stop you there. They say the silliest
things during political season. And sometimes, people ask the silliest questions.
Be careful, be careful. (Laughter.)
QUESTION: With that in mind, if a Democrat were President --
THE PRESIDENT: Are you adjusting? (Laughter.)
QUESTION: -- and were running a $455 billion deficit, as are you, all other things
being equal, wouldn't you be upset about it?
THE PRESIDENT: Let me tell you something, the deficit was caused by a recession
which we inherited and did something about. The deficit was caused because
we spent more money on fighting a war, and the American people expect a President
to do what is necessary to win a war. So I look forward to taking this debate
on. I really do. We did the right thing when it came to tax relief. We inherited
a tough situation.
But most importantly, the American know that I'm not afraid to lead and
to make a tough decision. And I made a tough decision, a series of tough
decisions. One, to make America more secure, a tough decision to make the
world more peaceful, and I made tough decisions when it comes to making sure
our economy grows.
And I believe that we've laid the foundation for good economic growth a
vitality. I think people are going to be more likely to find a job in the
Thank you all for coming.
QUESTION: Are you going to do anything for Arnold? You say he'll be a good governor.
You're spending two days in California.
THE PRESIDENT: I'm going to campaign for George W., as you know.
QUESTION: Will he get a plug in the speech, a mention?
THE PRESIDENT: I think I've answered the question, and yes, he would be
a good governor, as would others running for governor of California. Like
you, I'm most interested in seeing how the process evolves. It's a fascinating
bit of political drama evolving in the state -- in the country's largest
QUESTION: It's also the biggest political story in the country. Is it hard to go
in there and say nothing about it?
THE PRESIDENT: It is the biggest political story in the country? That's
interesting. That says a lot. That speaks volumes.
QUESTION: You don't agree?
THE PRESIDENT: It's up to -- I don't get to decide the biggest political
story. You decide the biggest political story. But I find it interesting
that that is the biggest political story in the country, as you just said.
QUESTION: You don't think it should be?
THE PRESIDENT: Oh, I think there's maybe other political stories. Isn't
there, like, a presidential race coming up? (Laughter.) Maybe that says something.
It speaks volumes, if you know what I mean. But, yes, it's an interesting
story, it really is. And I'm looking forward, like you are, to seeing the
outcome of the interesting story.
But, no, I'm going to go, I'm going to talk about -- now that you've asked,
are you going on the trip?
QUESTION: Yes, sir.
THE PRESIDENT: Good. Well, you'll see me speak to Marines and their families,
thanking them for their service to our country, reminding them that what's
taking place in Iraq is essential to U.S. security. Then I'm going to go
to a national park, talking about the fact that we believe parks ought to
be revitalized, and talk about the initiatives that I've laid out to do that.
And then, of course, I'll be doing a little spade work for the '04 campaign.
(Laughter.) One of the most important political -- (laughter.)