VIEWS: 12 PAGES: 3 CATEGORY: Social Sciences POSTED ON: 6/3/2010
This is a decisive moment for the global economy. In the wake of the financial crisis, voices from the left and right are equating the free enterprise system with greed, exploitation, and failure. It is true that this crisis included failures by lenders and borrowers, by financial firms, by governments, and independent regulators. But the crisis was not a failure of the free market system. And the answer is not to try to reinvent that system.
Administration of George W. Bush, 2008 / Nov. 14 1421 Proclamation 8319—America States of America the two hundred and thir- Recycles Day, 2008 ty-third. November 14, 2008 George W. Bush By the President of the United States [Filed with the Office of the Federal Register, of America 8:45 a.m., November 18, 2008] A Proclamation NOTE: This proclamation will be published in the Federal Register on November 19. On America Recycles Day, we highlight the importance of recycling as a way to safe- guard and protect the environment and pre- The President’s Radio Address serve our precious natural resources. November 14, 2008 We live in a country of splendor and beau- ty, and no matter which State each of us calls Good morning. This weekend, I am home, we all have a responsibility to practice hosting a summit on the global financial crisis good environmental stewardship. It is in our with leaders of developed and developing na- Nation’s best interest that government, busi- tions. By working together, I’m confident nesses, community organizations, and indi- that with time we can overcome this crisis viduals work together to conserve our natural and return our economies to the path of resources. The Environmental Protection growth and vitality. Agency, through its Resource Conservation I know many of you listening are worried Challenge, is encouraging communities to in- about the challenges facing our economy. crease recycling collection. Through the Stock market declines have eroded the value Plug-In To eCycling Campaign, we are work- of retirement accounts and pension funds. ing to make it easier for Americans to donate The tightening of credit has made it harder or safely recycle old electronics, including for families to borrow money for cars, homes, TVs, computers, and cell phones. By recy- and education. Businesses have found it cling we can strengthen local economies, re- harder to get loans to expand their operations duce greenhouse gases, conserve natural re- and create jobs. Many nations have suffered sources, and save landfill space. Using our job losses and have serious concerns about resources wisely, we can make our commu- the worsening economy. nities more livable and our world a cleaner Nations around the world have responded place for our children and grandchildren. to this situation with bold measures, and our On this day, we remember our opportunity actions are having an impact. Credit markets to preserve the great American landscape are beginning to thaw, and businesse
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