Radio Address by the President to the Nation, 11-21-08

WhiteHouse.gov ^ | 11-21-08 | George W. Bush

[Salvation]

For Immediate Release
Office of the Press Secretary
November 21, 2008

President's Radio Address

  President's Radio Address
  Audio
  En Español

      In Focus: APEC 2008

THE PRESIDENT: Good morning. This weekend I am in Lima, Peru, meeting with leaders from nations in the Asia Pacific region at our annual summit.

This summit comes at a time of serious turmoil in the global economy. It also comes at a time of unprecedented cooperation. A week ago in Washington, I hosted the first in what will be a series of international meetings to address the financial crisis. We reviewed the actions we have taken to manage the crisis. And we agreed on principles and specific actions to modernize our financial structures for the 21st century and help prevent another crisis.

 

As we work to rebuild confidence in our financial systems in the short term, we must also work to promote long-term economic growth. Together, our nations must focus our efforts on three great forces that drive this growth -- free markets, free trade, and free people.

No region of the world demonstrates the power of these forces more vividly than the Asia Pacific. Free markets have helped millions lift themselves out of poverty. Free trade has helped small nations turn themselves into global economic powers. And as more people in the Asia Pacific are free to develop their talents and pursue their ambitions, the whole region has grown in prosperity. We're facing a difficult challenge and there will be tough days ahead. But by relying on these principles, we can be confident in the future of our Nation and the world.

Back at home, one of the most serious economic challenges we face is the situation in our auto industry. America's auto manufacturers are facing severe and urgent financial shortfalls. Earlier this fall, I signed a bill that authorized up to $25 billion in loans to help these automakers make more fuel-efficient vehicles. Under the law, this money is not available to help auto companies with their immediate funding challenges. So this past week, Senators Bond, Levin, and Voinovich came forward with a new proposal that would allow auto companies to access the loans they need -- as long as they're willing to restructure to become financially viable.

This proposal earned support from both sides of the aisle on Capitol Hill. Unfortunately, the leadership in Congress adjourned without even allowing this measure to come up for a vote.

My position is clear: If the automakers are willing to make the hard decisions needed to become viable, they should be able to receive the funds Congress already allotted to them for other purposes. This is a critical issue for our economy and our country. The American people expect their elected leaders to do what it takes to solve it.

Thank you for listening.

 

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[Salvation]

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[Salvation]

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FYI, I will not continue to post Obama's Radio Address messages. Empty air bubbles, in my opinion. Posting the Republican response will be fun!

[sickoflibs]

RE :”If the automakers are willing to make the hard decisions needed to become viable, they should be able to receive the funds Congress already allotted to them for other purposes. This is a critical issue for our economy and our country. The American people expect their elected leaders to do what it takes to solve it. “

This is not ideal but forces democrats to swallow a bitter pill. CEOs and unions need to immediately renegotiate their benefit contracts as a good faith effort, before they get the money GWB proposes, as a loan. And no more job banks, let them get UI like the rest of us.

[eleni121]

Are the radio addresses also broadcast via internet?

[Salvation]

You might find what you need at the bottom of this page:

http://www.whitehouse.gov/

[Salvation]

** CEOs and unions **

Do you really think they will renegotiate? I doubt it.

[sickoflibs]

RE Do you really think they will renegotiate? I doubt it.

My point is that Obama claimed republicans dont care about workers or even the economy, while UAW and democrats claimed no bailout will cause depression, but now that this idea has lost popularity and Obama is hiding on it, it would be great to PR this as UAW shutting down entire country to get their lotto payoff from taxpayers. This is important in the union voting bill coming up:

Now why dont republicans think politically?. My new tagline:

“Democrats for Issues, Republicans for Solutions, which wins elections?”

[upchuck]

FYI, I will not continue to post Obama's Radio Address messages.

Salvation, I beg you to reconsider.

Just look at all the change His Majesty In Waiting, King nObama has already brought to Washington.

[Candor7]

FYI, I will not continue to post Obama's Radio Address messages.>>>>>>>>>>>>>>

Thank you for getting Obama out of my life.

He is not MY president. Sarah Palin is.

Obama was elected by the media.

Obama is not the president of the United States.

No greater pretender has sought the office.