<quoted text>Second, are you seriously blaming the recession on Clinton?.Bush, the admitted international war criminal, destroyed the greatest economy in the history of man. Not Clinton..
Entire transcript Quote from Clinton Speech signing the China Trade Act
I guess I ought to point out that our work’s not over when I sign the bill. For China must still complete its WTO accession negotiations and live up to the agreements it has negotiated with us and our partners before it can join. But when it happens, China will open its markets to American products from wheat to cars to consulting services, and our companies will be far more able to sell goods without moving factories or investments there.
Beyond the economy, however, America has a profound stake in what happens in China, how it chooses to relate to the rest of the world, whether it is open to the world, respectful of human rights, upholding the rule of law at home and its dealings with other nations.
Of course, opening trade with China will not in and of itself lead China to make all the choices we believe it should. But clearly, the more China opens its markets, the more it unleashes the power of economic freedom, the more likely it will be to more fully liberate the human potential of its people. As tariffs fall, competition will rise, speeding the demise of huge state enterprises. Private firms will take their place and reduce the role of government in people’s daily lives. Open markets will accelerate the information revolution in China, giving more people more access to more sources of knowledge. That will strengthen those in China who fight for decent labor standards, a cleaner environment, human rights, and the rule of law.
We also will continue to press China to meet its commitments on stopping the transfer of dangerous technology and deadly weapons. We will continue to be a force for security in Asia, maintaining our military presence and our strong alliances. We will continue to support, from the outside, those who struggle within China for human rights and religious freedom.
I want to say a special word of thanks to Congressman Levin and Bereuter. Because of them, we will have both normal trade relations and a good new policy took to monitor our human rights concern. They made this better bill, and all Americans are in their debt. Thank you.
There are so many Members here today, I can’t introduce them all, but some who had no institutional mandate to do so also joined us in fighting hard for this bill. Among them, Senator Baucus, Congressman Matsui, Congressman Dooley, Congressman Dreier, Congressman Kolbe, and Congressman Crane. I, in particular, thank those of you who worked so closely with me in this regard, and all the rest of you who fought hard for this.
Let me say, in case you’ve all forgotten, this thing was hard to pass.(Laughter) This was a lot of trouble. And I would just like to close in reiterating something that I often said in these endless meeting we had in that room right up there on the third floor where, ironically, President Franklin Roosevelt had his office during World War II.
I do think this a good economic deal for America. I think it will increase our exports, and over the long run, will strengthen our economic position in the world. But I think, by far, the most important reason to ratify this agreement is the potential it gives us to build a safer, more integrated world.
You heard Senator Moynihan talking about the day he joined the Navy. In the last 60 years of the 20th century, we fought three major wars in Asia. We can build a whole different future there now. We concluded a trade agreement with Vietnam. Today a very high official from North Korea came into the Oval Office to bring a message from the leader of North Korea. But nothing-nothing- can enhance the prospects of peace and the prospects of a very different 21st century like having china take the right path into the future....