August 9, 2007,10:33 A.M. EDT,THE PRESIDENT: Good morning, thank you. When I came into office in 2001, our nation was headed into a
recession1. So we cut the taxes across the board. And hardworking Americans have used this tax relief to produce strong and
lasting2 economic growth.,Since we began cutting taxes in 2001, our economy has expanded by more than $1.9 trillion. Since the tax cuts took full effect in 2003, our economy has added more than 8.3 million new jobs, and almost four years of uninterrupted growth.
Inflation3 is low, unemployment is low, real after-tax income has grown by an average of more than $3,400 per person since I took office. The American economy is the envy of the world, and we need to keep it that way.,
Our economy is growing in large part because America has the most ambitious, educated and innovative people in the world -- men and women who take risks, try out new ideas, and have the skills and courage to turn their dreams into new technologies and new businesses. To stay competitive in the global economy, we must continue to lead the world in human talent and creativity.,So in my 2006 State of the Union address, I announced the American Competitiveness Initiative, and I called on Republicans and Democrats in Congress to join me in this effort, to encourage innovation throughout our economy. As part of this initiative, I asked Congress to expand America's investment in basic research, so we can support our nation's most creative minds as they explore new frontiers in nano-technology or supercomputing or alternative energy sources. I asked Congress to strengthen math and science education, so our children have the skills they need to compete for the jobs of the future. I asked Congress to make permanent the research and development tax credit, so we can encourage bolder private-sector initiatives in technology.,Today I'm going to sign into law a bill that supports many of the key elements of the American Competitiveness Initiative. This legislation supports our efforts to double funding for basic research in physical sciences. This legislation authorizes most of the education programs I called for in the initiative I laid out at the State of the Union. These programs include Math Now proposals to improve instruction in mathematics, and the advanced placement program my administration proposed, to increase the number of teachers and students in AP and international baccalaureate classes.,These are important steps forward, and so I'm going to sign the bill. I'm looking forward to it. Yet the bill Congress sent to my desk leaves some of the key priorities unfulfilled, and authorizes unnecessary and duplicative programs. I will continue to focus my budget requests on the key priorities in the bill I outlined, and will work with Congress to focus its spending on those programs that will be most effective.,
I will continue to press Congress to approve the remaining measures of the American Competitiveness Initiative. These measures include the Adjunct Teacher Corps program to encourage math and science professionals to take time out of their lives and teach in our schools, and to inspire the youth to become more interested in math and science. I believe Congress ought to make the research and development tax credit a permanent part of the tax code, to encourage investment.,The bill I will sign today will help ensure that we do remain the most competitive and innovative nation in the world. I thank members of Congress from both parties who worked hard to secure its passage. I particularly want to thank Senators Pete Domenici, Jeff Bingaman, Lamar Alexander and John Ensign, as well as Congressmen Bart Gordon and Vern Ehlers.,You know, this bill shows that we can work together to make sure we're a competitive nation. There's a lot of areas where we can seek common ground coming this fall, and I'm looking forward to working with members of both parties to do that.,Thank you for coming. I'll be glad to answer some of your questions. Starting with you, Terry.,Q Mr. President, former Chairman of the House Transportation Committee, Republican Don Young, says there are about 500 bridges around the country like the one that collapsed in Minneapolis last week. And Young and other Transportation Committee members are recommending an increase in federal gasoline taxes to pay for repairs. Would you be willing to go along with an increase in gasoline taxes of five cents a gallon or more?,THE PRESIDENT: First of all, Secretary Peters is gathering information and will report to the White House and report to the nation about what she finds about whether there are any structural design flaws that may be applicable to other bridges. She's in the process of gathering this information now.,The American people need to know that we're working hard to find out why the bridge did what it did so that we can assure people that the bridges over which they will be traveling will be safe. That's step one.,You know, it's an interesting question about how Congress spends and prioritizes highway money. My suggestion would be that they revisit the process by which they spend gasoline money in the first place.,As you probably know, the Public Works Committee is the largest committee -- one of the largest committees in the House of Representatives. From my perspective, the way it seems to have worked is that each member on that committee gets to set his or her own priority first, and then whatever is left over is spent through a funding formula. That's not the right way to prioritize the people's money. So before we raise taxes which could affect economic growth, I would strongly urge the Congress to examine how they set priorities. And if bridges are a priority, let's make sure we set that priority first and foremost before we raise taxes.,
Q Thank you, Mr. President. One of your chief allies in the war on terrorism, President Musharraf of Pakistan, has faced so much instability and civil strife recently that there has been talk of declaring a state of emergency. How concerned are you about President Musharraf's situation and whether this might undermine Pakistani efforts against the Taliban and al Qaeda elements in the bordering areas of his country, which have been roundly criticized recently?,THE PRESIDENT: You know, I've seen the reports of what they call an emergency declaration. I have seen no such evidence that he's made that decision. In my discussions with President Musharraf, I have reminded him that we share a common enemy: extremists and radicals who would like to do harm to our respective societies -- in his case, they would like to kill him, and they've tried.,I have made it clear to him that I would expect there to be full cooperation in sharing intelligence, and I believe we've got good intelligence sharing. I have indicated to him that the American people would expect there to be swift action taken if there is actionable intelligence on high-value targets inside his country. Now, I recognize Pakistan is a sovereign nation, and that's important for Americans to recognize that. But it's also important for Americans to understand that he shares the same concern about radicals and extremists as I do and as the American people do.,So my focus in terms of the domestic scene there is that he have a free and fair election. And that's what we have been talking to him about and I'm hopeful they will.,Yes, we'll just go down the line here.,Q Thank you, Mr. President. You speak often about taking care of the troops and honoring their sacrifice. But the family of Corporal Pat Tillman believes there was a cover up regarding his death, and some say perhaps he was even murdered, instead of just friendly fire. At a hearing last week on Capitol Hill your former Defense Secretary, Donald Rumsfeld, other officials used some version of "I don't recall" 82 times. When it was his term to step up, Pat Tillman gave up a lucrative NFL career, served his country and paid the ultimate sacrifice. Now you have a chance to pledge to the family that your government, your administration will finally get to the bottom of it. Can you make that pledge to the family today, that you'll finally, after seven investigations, find out what really happened?,THE PRESIDENT: Well, first of all, I can understand why Pat Tillman's family, you know, has got significant emotions, because a man they loved and respected was killed while he was serving his country. I always admired the fact that a person who was relatively comfortable in life would be willing to take off one uniform and put on another to defend America. And the best way to honor that commitment of his is to find out the truth. And I'm confident the Defense Department wants to find out the truth, too, and we'll lay it out for the Tillman family to know.,Q But, Mr. President, there have been seven investigations and the Pentagon has not gotten to the bottom of it. Can you also tell us when you, personally, found out that it was not enemy fire, that it was friendly fire?,THE PRESIDENT: I can't give you the precise moment. But obviously the minute I heard that the facts that people believed were true were not true, that I expect there to be a full investigation and get to the bottom of it.,Q Sir, on Monday, at Camp David, when you met with President Karzai from Afghanistan, you were asked if you had actionable intelligence in Pakistan of top al Qaeda leaders; would you take action unilaterally, if in fact you felt that President Musharraf simply, for one reason or another, just simply couldn't get his people there in time, would you move in? And you said, if we had actionable -- good, actionable intelligence, we would get the job done.,My question, one, is, who is "we"? Does that we include the Pakistanis, or -- because the question says, Musharraf wouldn't be able to be in -- would you do it unilaterally? And one reason this is a hot question this week is that one of the Democratic presidential candidates, Barack Obama, talked about taking unilateral action. He kind of got beaten up by people in the Democratic Party, and by Mitt Romney in your party, Romney comparing him to Dr. Strangelove. I don't know if you would agree with that, or if you would feel --,THE PRESIDENT: John, I suspect that over the course of the next months, when I hold a press conference, you'll be trying to get me to engage in presidential politics; trying to get me to opine about what candidates are saying, whether they be Republicans or Democrats. And hopefully I'll be disciplined enough not to fall prey to your question, not to fall into that trap.,To the question you asked, and to my answer in Camp David, I said I'm confident that we -- both the Paks and the Americans -- will be able to work up a plan, based upon actionable intelligence, that will bring the top al Qaeda targets to justice. I meant what I said. We spend a lot of time with the leadership in Pakistan, talking about what we will do with actionable intelligence. And the question was, am I confident that they will be brought to justice, and my answer to you is, yes, I am confident.,Q Are you confident -- permit me to have one follow-up, sir?,THE PRESIDENT: Sure. We're getting into kind of a relaxed period here. I'll try to be more accommodating to fellows like you.,Q It's widely assumed that the CIA operatives are in Pakistan, cooperating with the Pakistanis and that they're sharing everything with you, and vice versa. Is that a fair assumption?,THE PRESIDENT: John, what's fair is -- what you must assume is that I'm not going to talk about ongoing intelligence matters.
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