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| PRESIDENT CLINTON'S ADDRESS | |
| January 27, 2000 |
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To keep our historic economic expansion going, we need a 21st-century revolution to open new markets, start new businesses and hire new workers right here in America -- in our inner cities, poor rural areas and on Indian reservations. Our nation's prosperity has not yet reached these places. Over the last six months, I have traveled to many of them -- joined by many of you, and many far-sighted business people -- to shine a spotlight on the enormous potential in communities from Appalachia to the Mississippi Delta, from Watts to the Pine Ridge Indian Reservation. Everywhere I've gone, I've met talented people eager for opportunity, and able to work. Let's put them to work. For business, it's the smart thing to do. For America, it's the right thing to do. And if we don't do it now, when will we ever get around to it? |
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| Bringing opportunity to every community | ||||||||||||||||||||
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I ask Congress to give businesses the same incentives to invest in America's new markets that they now have to invest in foreign markets. Tonight, I propose a large New Markets tax credit and other incentives to spur $22 billion in private-sector capital -- to create new businesses and new investments in inner cities and rural areas. Empowerment zones have been creating these opportunities for five years now. We should also increase incentives to invest in them and create more of them. This is not a Democratic or a Republican issue. It is an We must maintain our commitment to community development banks and
keep the Community Reinvestment Act strong so all Americans have access
to the capital they need to buy homes and build businesses. We need
to make special efforts to address the areas My budget includes a special $110 million initiative to promote economic
development in the Mississippi Delta and $1 billion to increase economic
opportunity, health care, education and law enforcement for Native American
communities. In this new century, we should honor our historic responsibility
to empower the first Americans. I thank leaders and members from both
parties who have Today, opportunity for all requires something new: having access to a computer and knowing how to use it. That means we must close the digital divide between those who have these tools and those who don't. Connecting classrooms and libraries to the Internet is crucial, but
it's just a start. My budget ensures that all new teachers are trained
to teach 21st-century skills and creates technology centers in 1,000
communities to serve adults. This spring, I will invite high-tech leaders
to join me on another New Markets tour -- to close the digital divide
and open opportunity for all our people. I thank the high-tech companies
that are already doing so much in this area If we take these steps, we will go a long way toward our goal of bringing opportunity to every community. |
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| Reaching beyond our borders | ||||||||||||||||||||
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To realize the full possibilities of the new economy, we must reach
beyond our own borders, to shape the revolution that is tearing down
barriers and building new networks among nations and individuals, economies
and cultures: globalization. It is the central reality of our time.
Change this profound is both liberating and threatening. But there is
no turning back. And our open, creative society stands to benefit more
than any other -- if First, we must forge a new consensus on trade. Those of us who believe passionately in the power of open trade must ensure that it lifts both our living standards and our values, never tolerating abusive child labor or a race to the bottom on the environment and worker protection. Still, open markets and rules-based trade are the best engines we know for raising living standards, reducing global poverty and environmental destruction, and assuring the free flow of ideas. There is only one direction for America on trade: We must go forward. First, we must continue to encourage our former adversaries, Russia and China, to emerge as stable, prosperous, democratic nations. Both are being held back from reaching their full potential: Russia by the legacy of communism, economic turmoil, a cruel and self-defeating war in Chechnya; China by the illusion that it can buy stability at the expense of freedom. But think how much has changed in the past decade: thousands of former
Soviet nuclear weapons eliminated, Russian soldiers serving with ours
in the Balkans, Russian people electing their leaders for the first
time in a thousand years. And in China, an economy more open to the
world than ever before. No one can know for sure what That is why we must support those Russians struggling for a democratic, prosperous future, continue to reduce both our nuclear arsenals and help Russia safeguard weapons and materials that remain. That is why Congress should support the agreement we negotiated to bring China into the WTO, by passing permanent normal trade relations as soon as possible this year. Our markets are already open to China. This agreement will open China's markets to us. And it will advance the cause of peace in Asia and promote the cause of change in China. A second challenge is to protect our security from conflicts And we should be proud of the men and women of our armed forces and
those of our allies who stopped the ethnic cleansing in Kosovo -- enabling
a million innocent people to return to their homes. When Slobodan A third challenge is to keep the inexorable march of technology from giving terrorists and potentially hostile nations the means to undermine our defenses. The same advances that have shrunk cell phones to fit in the palms of our hands can also make weapons of terror easier to conceal and easier to use. We must meet this threat: by making effective agreements to restrain
nuclear and missile programs in North Korea, curbing the flow of lethal
technology to Iran, preventing Iraq from threatening its neighbors,
increasing our preparedness against chemical and biological attack,
protecting our vital computer systems from hackers and criminals and
developing a system to defend against new I hope we can have a constructive bipartisan dialogue this year to build a consensus which will lead eventually to the ratification of the Comprehensive Nuclear Test Ban Treaty. |
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| Ensuring stability and security | ||||||||||||||||||||
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A fourth challenge is to ensure that the stability of our planet is not threatened by the huge gulf between rich and poor. We cannot accept a world in which part of humanity lives on the cutting edge of a new economy, while the rest live on the bare edge of survival. We must do our part, with expanded trade, expanded aid and the expansion of freedom. From Nigeria to Indonesia, more people won the right to choose their leaders in 1999 than in 1989, the year the Berlin Wall fell. We must stand by democracies -- like Colombia, fighting narco-traffickers for its people's lives, and our children's lives. I have proposed a strong two-year package to help Colombia win this fight; and I ask for your support. And I will propose tough new legislation to go after what drug barons value most -- their money. In a world where 1.2 billion people live on less than a dollar a day,
we must do our part in the global endeavor to reduce the debts of the
poorest countries so they can invest in education, health and economic
growth -- as the pope and other religious leaders have urged. Last year,
Congress made a down payment on America's share. And America must help more nations break the bonds of disease. Last
year in Africa, AIDS killed 10 times as many people as war did. My budget
invests $150 million more in the fight against this and other infectious
killers. Today, I propose a tax credit to speed the development of vaccines
for diseases like malaria, TB and AIDS. I ask the private sector and
our partners around the world to join us in embracing this cause. Together,
we can save millions of Our final challenge is the most important: to pass a national I ask you to pass this budget and I thank you for the |
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