时间:2018年03月25日 03:49:22

REMARKS BY THE PRESIDENT AFTER REGULATORY REFORM MEETING Diplomatic Reception RoomFebruary 25, 3:56 P.M. EST THE PRESIDENT: Hello, everybody. This afternoon, I met with members of my economic team and some key leaders in Congress to discuss the threats to our financial markets in this new century and how we must transform our regulatory system to meet them. In recent months, we've seen turmoil on Wall Street like we haven't seen in decades, as major financial institutions have faltered or have been sold off. And we have seen the fallout on Main Street, as the market crisis became a credit crisis, and families struggle to get loans to buy a home or a car, to start a small business or to pay for college. This financial crisis was not inevitable. It happened when Wall Street wrongly presumed markets would continuously rise, and traded in complex financial products without fully evaluating their risks. Here in Washington, our regulations lagged behind changes in our markets -- and too often, regulators failed to use the authority that they had to protect consumers, markets and the economy. We now know from painful experience that we can no longer sustain 21 -- 21st century markets with 20th century regulations, and that while free markets are the key to our progress, they do not give us free license to take whatever we can get, however we can get it. But let me be clear: The choice we face is not between some oppressive government-run economy or a chaotic and unforgiving capitalism. Rather, strong financial markets require clear rules of the road, not to hinder financial institutions, but to protect consumers and investors, and ultimately to keep those financial institutions strong. Not to stifle, but to advance competition, growth and prosperity. And not just to manage crises, but to prevent crises from happening in the first place, by restoring accountability, transparency and trust in our financial markets. These must be the goals of a 21st century regulatory framework that we seek to create. Our meeting today was a critical first step in developing that framework. And I'm grateful for the legislative leaders who join me here with Secretary Geithner and Dr. Summers. We had a terrific conversation. I think this is an area where there is a growing consensus and where I think the capacity for people from different political parties and different perspectives to come together and solve problems. I've asked my economic team to develop recommendations for regulatory reform, and then to collaborate with these members of Congress and others from both sides of the aisle so they can start crafting legislation in the coming weeks and months. We will not always see eye to eye in our work. We may disagree -- and disagree strongly -- about particular provisions. But there are certain core principles that I believe must shape any proposal for reform -- and these are the principles that will guide our work. First, financial institutions that pose serious risks, systemic risks, to our market should be subject to serious oversight by the government. And here's why. When the Federal Reserve steps in as a lender of last resort, which it's had to do repeatedly since this financial crisis began, it's providing an insurance policy underwritten by the American taxpayer. And taxpayers should be assured that the Fed thoroughly understands the institutions that it is effectively insuring and actively monitoring them to make sure that they're not taking risks that will cost taxpayers in the long term. Second, our regulatory system -- and each of our major markets -- must be strong enough to withstand both system-wide stress and the failure of one or more large institutions. And that means modernizing and streamlining our regulatory structure, and monitoring both the scale and scope of risks that institutions can take. Third, to rebuild trust in our markets, we must redouble our efforts to promote openness, transparency and plain language throughout our financial system. Fourth, we need strong and uniform supervision of financial products marketed to investors and consumers. And we should base this oversight not on abstract models created by the institutions themselves, but on actual data on how actual people make financial decisions. Fifth, we must demand strict accountability, starting at the top. Executives who violate the public trust must be held responsible. Sixth, we must make sure our system of regulations covers appropriate institutions and markets, and is comprehensive and free of gaps, and prevents those being regulated from cherry-picking among competing regulators. Finally, we must recognize that the challenges we face are not just American challenges, they are global challenges. So as we work to set high regulatory standards here in the ed States, we have to challenge other countries around the world to do the same. That's how we will stop financial crises from spilling across borders and prevent global crises of the sort that we now face. In the end, the work of constructing a new regulatory framework will not be easy -- and reform will not happen overnight. But we must never forget that our market has always been the engine of America's success -- rewarding innovators and risk-takers, creating opportunities for generations of Americans and prosperity that is the envy of the world. And I have the utmost confidence that if these outstanding public servants standing beside me are working in concert, if we all do our jobs, if we once again guide the market's invisible hand with a higher principle, our markets will recover. Our economy will once again thrive, and America will once again lead the world in this new century as it did in the last. So, thank you very much, everybody. END 4:03 P.M. EST02/63184

[AUTHENTICITY CERTIFIED: Text version below transcribed directly from audio version #2.]I feel that this award was not made to me as a man, but to my work -- a life's work in the agony and sweat of the human spirit, not for glory and least of all for profit, but to create out of the materials of the human spirit something which did not exist before. So this award is only mine in trust. It will not be difficult to find a dedication for the money part of it commensurate with the purpose and significance of its origin. But I would like to do the same with the acclaim too, by using this moment as a pinnacle from which I might be listened to by the young men and women aly dedicated to the same anguish and travail, among whom is aly that one who will some day stand here where I am standing.Our tragedy today is a general and universal physical fear so long sustained by now that we can even bear it. There are no longer problems of the spirit. There is only the question: When will I be blown up? Because of this, the young man or woman writing today has forgotten the problems of the human heart in conflict with itself which alone can make good writing because only that is worth writing about, worth the agony and the sweat.He must learn them again. He must teach himself that the basest of all things is to be afraid; and, teaching himself that, forget it forever, leaving no room in his workshop for anything but the old verities and truths of the heart, the old universal truths lacking which any story is ephemeral and doomed -- love and honor and pity and pride and compassion and sacrifice. Until he does so, he labors under a curse. He writes not of love but of lust, of defeats in which nobody loses anything of value, of victories without hope and, worst of all, without pity or compassion. His griefs grieve on no universal bones, leaving no scars. He writes not of the heart but of the glands.Until he relearns these things, he will write as though he stood among and watched the end of man. I decline to accept the end of man. It is easy enough to say that man is immortal simply because he will endure: that when the last ding-dong of doom has clanged and faded from the last worthless rock hanging tideless in the last red and dying evening, that even then there will still be one more sound: that of his puny inexhaustible voice, still talking. I refuse to accept this. I believe that man will not merely endure: he will prevail. He is immortal, not because he alone among creatures has an inexhaustible voice, but because he has a soul, a spirit capable of compassion and sacrifice and endurance.The poet’s, the writer's, duty is to write about these things. It is his privilege to help man endure by lifting his heart, by reminding him of the courage and honor and hope and pride and compassion and pity and sacrifice which have been the glory of his past. The poet's voice need not merely be the record of man, it can be one of the props, the pillars to help him endure and prevail.200606/7685

THE PRESIDENT: Good morning. This week, my Administration reached an agreement with Republicans and Democrats in the Senate on immigration reform. I thank the leaders in both parties who worked hard to produce legislation that will secure the border, restore respect for the law, and meet the legitimate needs of our economy.This legislation includes all the elements required for comprehensive immigration reform. It will improve security at our borders. It will give employers new tools to verify the employment status of workers and hold businesses to account for those they hire. It will create a temporary worker program. It will help us resolve the status of millions of illegal immigrants who are here aly, without animosity and without amnesty. And it will honor the great American tradition of the melting pot by strengthening our efforts to help new arrivals assimilate into our society.Here's how the bill works: First, it will require that strong border security and enforcement benchmarks are met before other elements of the legislation are implemented. These benchmarks include completing our plan to double the number of Border Patrol agents, improving border infrastructure, and maintaining enough beds in our detention facilities so that all those apprehended at the border can be held and returned to their home countries. We will also improve work site enforcement by implementing an effective system to verify worker eligibility using tamper-resistant identification cards, and by imposing stiffer penalties on companies that knowingly violate the law. Once these benchmarks are met, they will trigger other provisions of comprehensive reform. The legislation will create a new temporary worker program. Such a program will help our economy and take pressure off the border by providing foreign workers with a legal and orderly way to enter our country to fill jobs that Americans are not doing. To ensure that this program is truly temporary, workers will be limited to three two-year terms, with at least a year spent outside the ed States between each term. Temporary workers will be allowed to bring immediate family members only if they demonstrate that they can support them financially, and that their family members are covered by health insurance.This legislation will also help resolve the status of illegal immigrants who are aly in our country without amnesty. Those who come out of the shadows will be given probationary status. If they pass a strict background check, pay a fine, hold a job, maintain a clean criminal record, and eventually learn English, they will qualify for and maintain a Z visa. If they want to become citizens, they have to do all these things, plus pay an additional fine, go to the back of the line, pass a citizenship test, and return to their country to apply for their green card.This legislation will also strengthen our efforts to help new immigrants assimilate. The key to unlocking the full promise of America is the ability to speak English. This bill affirms that English is the language of the ed States. And it provides new opportunities for immigrants to learn English and embrace the shared ideals that bind us as a nation.In addition, this legislation will clear the backlog of family members who've applied to come to our country lawfully, and have been waiting patiently in line. This legislation will end chain migration by limiting the relatives who can automatically receive green cards to spouses and minor children. And this legislation will transform our immigration system so that future immigration decisions are focused on admitting immigrants who have the skills, education, and English proficiency that will help America compete in a global economy.I realize that many hold strong convictions on this issue, and reaching an agreement was not easy. I appreciate the effort of Senators who came together to craft this important legislation. This bill brings us closer to an immigration system that enforces our laws and upholds the great American tradition of welcoming those who share our values and our love of freedom.Thank you for listening. 200801/23697

This afternoon the President was in Cleveland, Ohio, the city where House Republican Leader Boehner recently put forth his party’s priorities for the economy. In his remarks, the President laid out a stark contrast between policies that help the economy work for the middle class, and the policies that allowed special interests to run amok -- and to run our economy into a ditch. He spoke about the need to strengthen our recovery in both the short and long terms by investing in America’s roads, bridges and runways, by helping small businesses grow and hire, and by giving certainty to businesses through a permanent incentive to innovate and create good jobs in America in the Research and Experimentation Tax Credit.Read the Transcript | Download Video: mp4 (431MB) | mp3 (41MB)201009/113485

The President made clear early on that part of the way he intended to change the way Washington does business is by looking in every nook and cranny of government both for waste and abuse, and for ideas on how to root it out. Speaking in the Diplomatic room today, he had a chance to highlight both. He was joined by Nancy Fichtner, the Veterans Affairs employee who won the SAVE Award contest for the most popular cost-saving idea from a federal employee. In addition to commending her after meeting with her in the Oval Office, he also announced progress on his order earlier this year for departments and agencies to identify billions in saving through contracting waste and abuse:mp4视频下载12/92753

It is that unique self-definition which has given us an exceptional appeal, but it also imposes on us a special obligation,正是这种独一无二的自我定义,赋予了我们非同寻常的号召力,但同时也加之于我们一项特殊的义务,to take on those moral duties which, when assumed, seem invariably to be in our own best interests.这就是承担那些一旦履行便似乎总是切合我们最大利益的道义责任。You have given me a great responsibility to stay close to you, to be worthy of you, and to exemplify what you are.你们已赋予我一项巨大的任务,要求我同你们紧密地站在一起,不辜负你们的信任,作为一名代表来展示你们的风貌。Let us create together a new national spirit of unity and trust.让我们协同创造一种团结和信任的新国民精神吧!Your strength can compensate for my weakness, and your wisdom can help to minimize my mistakes.你们的力量能够弥补我的弱点,你们的智慧能够帮助我尽量少犯错误。Let us learn together and laugh together and work together and pray together, confident that in the end we will triumph together in the right.让我们一起学习,一起欢笑,一起工作,一起祈祷,对我们最终站在正义一方取得的胜利充满信心吧!The American dream endures. We must once again have full faith in our country and in one another.“美国梦”历久不衰。我们应当对我们的国家重新充满信心,相互之间也要充满信心。I believe America can be better. We can be even stronger than before.我深信美国能够变得更加美好。我们能比以往任何时候都更为强大。Let our recent mistakes bring a resurgent commitment to the basic principles of our Nation, for we know that if we despise our own government we have no future.让我们从最近的种种错误中汲取教训,恢复我们对我国各项基本原则的祟奉,因为我们懂得,我们如果蔑视自己的政府,就毫无前途可言。We recall in special times when we have stood briefly, but magnificently, united.回首往事,我们都记得一些特殊的时刻,那时我们团结一致,In those times no prize was beyond our grasp.虽然为时短暂,但意义深远;在那样的时刻,我们真是无往而不胜。But we cannot dwell upon remembered glory.但我们不可沉缅于记忆之中的荣耀。We cannot afford to drift. We reject the prospect of failure or mediocrity or an inferior quality of life for any person.我们付不起随波逐流的代价。对于失败、庸碌无为或让任何一个人过一种劣质生活这样的前景,我们都难以接受。03/437820

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