 Ladies and gentlemen, the President of the United States and the Vice President of the United States. Good morning. Please, I thank you very much for being here and a warm welcome. As a Californian, I have long recognized the importance of the Pacific region and I am pleased that during this administration we have been able to expand and deepen our ties with the countries of the Pacific Basin and I look forward to hearing your views on the issues that we face. The market-oriented economies of the Pacific have achieved a sustained and impressive economic growth. We in the administration value highly our relationship with the countries of the Pacific. We look forward to working with them to develop policies which will sustain the impressive record of economic growth for the benefit of our citizens, of our Pacific partners and our global free market system. And Theodore Roosevelt said almost at the turn of the 20th century years ago that the Atlantic was the ocean of the present and the Pacific is the ocean of the future. Well, I think his vision was a clear one and today I think we've seen proof of that. I congratulate all of you on your foresight and commitment to recognizing the importance of the Pacific to our nation's future and acting upon it. Your advice and counsel will be important to our continued effort. Your group includes four senators, four members of the House, seven members of the executive in their unofficial capacity and I think this demonstrates a bipartisan commitment of both branches and all of us are in your debt for what you're doing and wish you well. Thank you very much. Right here, his wife's in the hospital. How are you? You? Good to see you. Hello, Bill. Good to see you. All right. Thank you. That ends the formalities. All right. Thank you very much. Banking and the farm creditor of industry here in the country and discuss issues that are concerning to you and farm credit, I would have to say, in spite of maybe some of the natural disasters probably heads the list and we've been watching the farm credit situation closely and know that farmers are laboring under a debt burden and much of that comes from the late 1970s when interest rates and inflation were too high and the key now I think is to give the people on the farm time enough to work out their past problems and with time lower interest rates and low inflation I think maybe farmers will have more secure operations in the future. We've designed a four-part program which I'm going to ask Jack to highlight here for you during the discussion but I'd also like to give you an opportunity to raise other issues that may be of concern to you and then toward the end we're going to let the rest of you here and we're going to have more statements about what Jack is going to outline to you and other things about it. Well thank you Mr. President and let me say that both low inflation and lower interest rates that all of us are bringing about and I'm pleased to announce today a four-part program that will permit many troubled farmers to put together financial plans that will give them more secure hope for the future. Secretary Block will provide a more detailed discussion but let me give you the highlights. First, I've directed the farmers' home administration to agree to defer for five years up to 25 percent of the principal and interest payments owed by farmers who need breathing room to return to a sound financial footing and these deferrals will be made available on a case by case basis as part of comprehensive transition plans to get farmers back on their feet. Second, in order to assist those who do not participate in the FMHA programs, we'll be making available $630 million in loan guarantees that will be used to facilitate additional lending by private banks as part of financial recovery plans. Third, we'll be enlisting the aid of experts from the community to help farmers develop financial plans and fourth, farmers' home will expand its ability to serve the public by contracting with local banks and other financial institutions to handle routine paperwork processing in areas that have experienced delays and backlogs. This, we believe, is a balanced approach that treats farmers as individuals and that recognizes our basic objective must be to help people through temporary difficulties, not create a massive new federal program that will destroy the private credit system that serves the majority of farmers' needs. End of statement. Once again, if I may add one more point, I think it's important that we all appreciate that this package is a debt restructuring, debt management package that will drill with farmers. Yes. You guys take credit for bringing this up. I already got yours. I appreciate it. Once you sit up there, that's going to be a credit initiative. We have a farm credit initiative and we've been having a good meeting at the Farm Bureau and it's our approach to the farm economy and the problem of farm credit is based on the belief that the future will be better than the past and that the right program is a transitional program that helps farmers get from the high inflation, high interest, economic disasters of the previous administration to the stable growth, low inflation, lower interest rates that all of us are bringing about. And so I am pleased to announce today a four part program that will permit many trouble farmers to put together financial plans that will give them the more secure hold for the future. And first I directed the Farmers Home Administration who agreed to defer for five years to 25% of the principal and interest payments owed by farmers who need breathing room to return to a sound financial footing. These deferrals will be made available on a case by case basis as part of a comprehensive transition plan to get farmers back on their feet. Second, in order to assist those who do not participate in the MNHA programs, we'll be making available $630 million in loan guarantees that will be used to facilitate additional lending by private banks as part of financial recovery plans. Third, we'll be enlisting the aid of experts from the committee to help farmers develop financial plans. And fourth, Farmers Home will expand its ability to serve the public by contracting with local banks and other financial institutions to handle routine paperwork processing in areas that have experienced delays and backlogs. And we think this is a balanced approach that treats farmers as individuals, recognizes that our basic objective must be to help people through temporary difficulties and not create a massive new federal program that will destroy the private credit system that serves the majority of farmers' needs. Thank you. We're here to thank the, to mark the progress I should say of the fight against drug abuse and to commit on ourselves to an even greater amount of drug abuse. We raised a battle flag and declared war on one of the greatest problems that I think is facing our nation. Action breast dreams. Past three years, permissive attitudes are giving way to a new sense of responsibility, hopeless in the fight. Concerned parents abandoning together hundreds of community and business organizations to know the drugs. At the federal level, we've taken strong measures to crack down on big-money drug traffickers and to catch drug smugglers in the act. Yet we only, for some of these, seeking every opportunity to promote an anti-drug pro-achievement generation. In her travels, she's confident that all of us, if we work together, become more involved for our 1984 National Strategy for Prevention of Drug Abuse and Drug Trafficking. This is a program that is not in place. We're on the right track. We don't need to change direction, but we do need to step up the pace. The federal government will redouble its efforts and commitment of private industry, public organizations, local government, and citizen volunteers to all of us. And I know that for each of you here today, there are thousands of other caring Americans who are also dealing with themselves. None of you ever expected the opportunity to recognize you today. As chairman of the Texans War on Drug Committees, Mr. Ross Perot is helping to make Texas one of the worst places in the world for drug users, pushers, dealers, and traffickers. And his committee is now a model for many other states. Mrs. Marcia Monat Shuhar and Mrs. Loretta Ciswander have contributed unsparingly at their time, energy, and talents to make lasting contributions to the National Drug Abuse Prevention Program. Mrs. Shuhar was the Inc. DC Comics, a division of Warner Communications, represented by William Siren, and the as a local source of credible information and technical assistance on drug use and abuse. Each of you is demonstrating the unique American spirit of volunteerism. In your own way, you're helping to resolve the drug abuse problem in a more effective manner than we could ever do with large federal programs. We're grateful for the people you've helped and the people whose lives in the Justice Department and all the others in our drug abuse program here in the attempt to intercept and keep drugs from crossing our borders and coming into the country. I think we all know that the real victory will only come not when we keep on trying, just trying to take the drug away from the customer when we take the customers away from the drug. And that's when we'll bring you one more piece of business. I know that both of you have a strong personal interest in this proclamation and we're grateful to you for it. Mr. President, we understand, sir, you're going to propose a series of summit meetings with the Soviets that are a little different character from the Bostock model. Is that correct, sir? We're exploring a lot of things, Sam, that we're asking a question on the campus. We're exploring a lot of things and a lot of alteries for ourselves to determine what we think is best. And some columnists wrote this morning that you might do that. They also say you have to take a pretty hard line for me to come. They also say that you're going to put arms control as a very low priority that it really doesn't matter. It doesn't matter. It matters until we can get rid of nuclear weapons throughout the world. Ambassador Hartman, are you telling the President that the Soviets are ready to deal with him or are you saying that he's still going to be entrancing? Vice, please. Thank you. Nice to see you, Secretary Hartman. I think we're going to see a lot more on that one. The next couple of talks. No, I'm going to the warm September storm. I said that warm weather. Saying over here that the kids that she's been able to express her real, deep, interesting religion. No, this is true. I think that it's not widespread. It's there and it's possible. And sometimes there's that warm protest in certain homes of Soviets that will trouble the children and then work across. I think you're right.