President Participates in Panel on the American Competitiveness Initiative
Cisco Systems, Inc.
San Jose, California
http://www.whitehouse.gov/news/releases/2006/04/20060421-6.htmlTHE PRESIDENT: I'm thrilled, John. Thanks for coming. This is going to be an issues discussion, I hope, for you, because it's going to talk about how America intends to shape our future and not fear the future. That's what we're really here to talk about -- interesting challenges facing the country.
Yesterday, one reason you're so nice is because I invited him to lunch at the White House yesterday. (Laughter.)
MR. CHAMBERS: Thank you.
THE PRESIDENT: He and Elaine came, and we had lunch with Hu Jintao, the President of China. And sitting there during the lunch, I was thinking about people's fears about whether or not we can compete against a country like China. If you really think about a global economy and a global world -- there's some folks that say, well, maybe we can't compete in the long run.
My attitude is just the opposite. Not only can we compete, we must compete and remain a leader of the world. And that's what we're here to talk about, how we do that. And before we do that I do want to thank John, and the good folks here at Cisco for hosting us. It's not easy to host the President. (Laughter.)
MR. CHAMBERS: That's for sure. (Laughter.)
THE PRESIDENT: Our entourages are quite large. (Laughter.) But I thank you for having me. I am excited to be at one of America's most innovative companies. And I was asking John, 20 years ago how many employees were there. There were zero. Ten years, maybe 6,000; today, 47,000 highly-trained, highly-competent, skilled folks that are helping to change America and countries around the world, as well. So thanks for having us. It's wonderful to be in entrepreneurial heaven. (Applause.)
I also am honored to be here with the Governor. I cannot thank you enough for coming, Arnold. It's really thoughtful of you to be here. He is a -- really an interesting man. (Laughter.) He didn't have to run for office, but chose to do so, and I admire that in you. I admire somebody who doesn't always take the comfortable way in life in order to serve something greater than himself. And I appreciate your service, I really do. (Applause.)
Traveling with me today is Norm Mineta, a Cabinet Secretary. Mr. Secretary, thank you for coming. (Applause.) He said, I'm glad to fly on Air Force One -- I just wish you would have landed at Mineta Field. (Applause.) And his son, David, is here today. More importantly than son, David, being here, is tomorrow, I think, is David's daughter's birthday. So we've got the grandfather and the father. Thank you all for coming and thanks for serving the country so well, Norm.
I appreciate Mayor Ron Gonzales, of the City of San Jose joining us. Mr. Mayor, thank you for being here. (Applause.) I appreciate your time. I want to thank my friend, Floyd Kvamme, who is the co-chair of the President's Council of Advisors on Science and Technology, as well as George Scalise, who is with us, as well. Thank you all for serving. I appreciate -- there you are, Floyd, thanks for coming. (Applause.)
And Lezlee Westine, it's good to see you, Leslie. Thank you for coming, appreciate your service in my administration.
Our economy is good, it's real good. And we intend to keep it that way. The fundamental question is, though, can it be that way five years from now, or 10 years from now? And my answer is, absolutely, if we do some wise things. I happen to believe it's wise to keep taxes low so that people have incentive to invest and save and spend.
I know we're going to have to do something about energy. I aim to be a competitive nation. Part of a competitive agenda means that we have got to deal with problems short-term and long-term, and we've got a problem when it comes to our dependence on oil. I know the folks here are suffering at the gas pump. Rising gasoline prices is like taking a -- is like a tax, particularly on the working people and the small business people.
I pledge to the people here of California that if we find any price gouging it will be dealt with firmly.