THE WHITE HOUSE
10:06 A.M. EDT
Saturday, September 22, 2001
RADIO ADDRESS OF THE PRESIDENT
TO THE NATION
THE PRESIDENT: Good morning. The terrorists who attacked the United
States on September 11th targeted our economy, as well as our people.
They brought down a symbol of American prosperity, but they could
not touch it
source. Our country’s wealth is not contained in glass and steel,
it is found in the skill and hard work and entrepreneurship of our
people; and those are as strong today as they were two weeks ago.
Our economy has had a shock. Many workers lost their jobs this week,
especially in the airline and hospitality industries, in restaurants
and in tourism, as companies struggle to remain afloat. I applaud
those companies who are making extra efforts to avoid laying off workers
even during difficult times. Many Americans have also seen the value
of their stocks decline. Yet, for all these challenges, the American
economy is fundamentally strong. We have the best-educated, most productive
work force in the world. Our factories produce more goods, and a broader
variety of goods, than any country in the world.
Our scientists continue to push forward the frontiers of technology
and science, and our entrepreneurs continue to invent new ways to
bring these advances to market. This is why people from around the
world invest in America.
We have taken action to address our year-long economic slowdown.
Tax rebate checks continue to arrive in Americans’ mailboxes. The
$40 billion in tax relief these rebates represent will nearly double
next year to over $70 billion in tax relief, with more in each of
the next 10 years, as the child credit gets bigger, tax rates come
down, and the marriage penalty relief kicks in.
You can look forward to an improved business climate in America
in the years ahead. The Federal Reserve has done its job of keeping
our financial system strong and stable, cutting interest rates in
half in the last eight months. Energy prices have remained steady.
In fact, they are lower now than they were in the spring.
And members of Congress are working together, regardless of party,
in the best American spirit, to help get our economy moving again.
The administration and congressional leaders of both parties have
agreed to deliver emergency aid to keep our airlines flying. This
will help the airlines maintain short-term stability as they work
toward long-term viability for the benefit of all the workers and
companies that depend on air travel.
And, as well, we can assure the American traveler we are working
hard to make sure that a tough new security program is implemented
in our airports and our airplanes.
I appreciate so very much working with Congress to assure the safety
of the travelers in America. I’m also working with Congress to strengthen
our broader economy and to get Americans back to work. Both parties
in both Houses of Congress are united in our determination to use
the fundamental strength of our economy to meet our immediate economic
I’m deeply grateful to Speaker Hastert and Minority Leader Gephardt,
to Majority Leader Senator Tom Daschle, and Senator Trent Lott, for
their helpful advice and for their constant support, and for their
extraordinary service to our country in a difficult time.
I want to thank America for the outpouring of support. I want to
thank America for their strong will. And I want to remind the people
of America, we’re still the greatest nation on the face of the Earth,
and no terrorist will ever be able to decide our fate.
May God bless you all, and thank you for listening.