 But if so, we need simplification. My second. Internal revenue for the subsets of 341E, first sentence is 479 orders long. That's almost three pages or so. Nine or eight pages, oh baby. That's a lot. Well, hey. Say something. I think the vice president's coming this way. I don't think he's going to leave the far... I don't think he's going to leave the far. I don't think he's going to leave. I think the vice president is coming this evening. I don't know. I always keep thinking on my mind, well, two sisters, sitting next to a worker quote from my friend, was about the migrant, and all he sits next to. Well, let me get you a great quote would be wonderful. I always think we'd better not sit there. I want to know where we're going with that. We're going to raise the cup. Well, I'm going to get up on half an hour. I'm going to make the best use of your time. We're going to first talk about, well, generally economic atonement with an emphasis on what's going on and the trepidation balance of payments. Then we'll come to monetary policy, and then see what's on your mind about the economy. So the question you have, so Marty, why don't you start? We can do all of that in half an hour. Here's a little outline of the things I want to talk about about the international trade and its impact on our economy. That's the place to begin by saying that a little about a decade ago, 1970, we were running trade surpluses every year. We were exporting more to the rest of the world than we were importing. And as a result, we had a surplus that we could invest in Europe and other parts of the world. But for the past few years, we've been running a trade deficit. We would buy more from abroad than we've been selling to abroad. And we've had to pacer that by using the interest in dividends that we've earned among those investments that we made back before 1970s. Deep for the last couple of years, the trade deficits have been so large that the interest in dividends were not enough. And in order to pay for the amount that we bought from abroad, we had to borrow it from abroad or directly let them wait to find out about your trip so far. The last tip, O'Neill, is a few things have happened since we've announced, as you know, our new INN negotiating position and an opportunity to express my views on our national security needs to the country. Also presented our hopes for initiating development of a defensive, strategic capability someday the ongoing spiral. And we've also witnessed an horrifying spectacle of the House passing a blatantly political budget resolution which in my view is unacceptable in every respect on the case of this 2.3% real growth defense recommendation that I think was designed for no other purpose but that we have been able to global, Senate and conference debate. I've reviewed a defense program. We only have an item over here and I continue to believe it reflects what is required to rebuild our defenses in a useful time frame. And I don't feel that it's inconsistent with the positions on which I was elected or the Republican platform adopted at the convention. I know there's great disagreement on that, but we've modified our program several times already and we won't be able to maintain priority readiness and organization initiatives if a large reduction is targeted this year. Your committee led the move to fund these initiatives to cut back and stretch out programs now I think would be inefficient and wasted. More to the point we would never get the capability that we need and toward which we're striving. Strong defensive capability for the country has always been an issue around which Republicans could rally and show a united and committed front. We have to just second toward some more words on this then we'll have a discussion and I want to hear your councilman advice. I also want to urge you to support our efforts to sustain a rebuilding program and to demonstrate that we are committed to the importance of national defense and I hope that we once again present a united front that we have most of the issues in the last two years but it draws as far as we are. I don't know their statements but we're going to announce whether or not that the White House is going to get South Carolina that the day just got the grand break and 10 and a half. It's just a hint of what we must do in the future until these last two years. Well, I'm going to be happy to say a few words to them. I hope I didn't interrupt your remarks because I know they'd be fine remarks. Well, okay, I guess I'm on now. All right, listen, last spring in the Rose Garden it was my great honor to announce the creation of a public commission with a 12 month mandate to combat the drunk driving problem in our country. This commission shared by former Secretary of Transportation John Volpe has performed a valuable and highly effective public service in the interest of greater highway safety. Responding to the outcry of individual citizens and private organizations that commission has worked zealously with many of you with state and local governments to bring drunk driving under control and I understand that you Elizabeth and John Volpe are in Denver today reporting to that Joint Conference of Federal, State and Concerned Private Sector Representatives on the commission's progress and recommendations so I won't take the time to enumerate those accomplishments. Let me say only that I'm very proud of the work which has been done and look forward to greater progress and right now on my desk before me is an executive order that will extend the commission to December 31st, 1983. We haven't yet cured the problem but together we've prescribed some effective legislative medicine. In the true American fashion you are pleased to have been heard and heeded and through a concerted coordinated national effort the threat of the alcohol-impaired driver on our highways is being reduced. With the full and continued support of each of you and many other concerned Americans more of those who travel our highways will enjoy safer and longer lives and I want to thank all of you for what you've done and I am now going to take pen in hand and sign that proclamation or that executive order which will extend the life of the commission so that it can continue to do the fine work that it has been doing. Elizabeth, I think that's all I have to say and I can say hello since you're out there in Colorado I can say hello from your fine Senator Bill Armstrong and go back into the meeting that I'm having with him and some of the other Senators right now. Yes, well thank you Elizabeth and right now while you were talking and I was listening and holding the phone with one hand with my right hand I have just signed the executive order. Okay, and God bless all of you. Tony Vandegraaf will come. Thank you very much for all of you. This is Vandegraaf. I'm not very close to anyone. Jerry Ellis of Australia. I'm a colleague of the Ivory Coast. I'm from Ego, Malaysia. Thank you. I'm from Yenesh, Hungary. Laila Karakeboka of Indonesia. Lili Bautista of the Philippines. Dr. Antonio Hernandez of Portugal. George Kau of Taiwan. Oliver Chan. Brian Patterson of Ireland. Eddie Narale of Tunisia. Boris Ramirez of Panama. Dr. Kusuma of Thailand. Francois Proust of France. Dr. Ahad of Sudan. Mrs. Dora Bantu of Tanzania. Mian Tayyip Khasame of Pakistan. And Mahmood Saada of Egypt. Indivisible, sir. I'm sorry, I'm worried about you. George Bergeleis of Greece. And I'm Yekho, the Yekho of Colombia. Mr. Jaffa of Chicago, Morocco. And Mr. Khazami of Belgium. And spouses. I'm not a Yekho, I'm representing our countries. I'm not a Yekho, I'm representing our countries. I'm not a Yekho, I'm representing our countries. I'm not a Yekho, I'm representing our countries. I'm not a Yekho, I'm representing our countries. Some still to go. I'm trying to get there. But I welcome you all and your families, husbands and wives, before they were with you. 1983 Eisenhower Fellows. He welcomed you not only to the White House, but to the United States. We're so pleased to have you here. Eisenhower Fellow, each one of you has been selected for the leadership role that you've demonstrated in your own country. And I hope that your time in the United States has paused in educational and just an experience that will contribute to that role of leadership. You're in a very real sense, citizen difference. You will find if you haven't already that Americans are anxious to assist you in learning about America. And you will also find that Americans will want to learn about your nations, your problems, and your views on the world, including the intersections of the nations and America's role in the world. President Eisenhower was very fond of saying that the fellowship program created and his name represented the finest, most enduring, and most gratifying birthday present of his lifetime. His faith can be very simply stated that hatred rarely survives sustained contact between people. And I've had another way of saying it myself, that a lot of the problems in the world disappear if more people talk to each other instead of about each other. And you'll likely travel different paths when you leave Washington, but you'll always share this experience of contact between people. And I'm sure that we'll all be richer for the experience. And again, I want to welcome you here and wish you well. A room full of people like this is such an indication that more people could only sit down together. We wouldn't have the concerns and the worries about conflict and war, because people don't start wars. Governments do. I bet we have to do something about that. I'm delighted to see you here. I know that I have to excuse myself, too. And I thank you very much for this, for your presence. I have a, I mean, I'll have risen for you on these seven to a few seconds. Well, I'm sure. I thought I'd like you to give you a list of what some of our former Eisenhower Fellows are doing around the world today. Minister of Health, Minister of Labor and Social Affairs, former President, Minister of Finance, Minister of Relations for the Economic Committee, Minister of Housing, Public Health, Minister of Education, Deputy Leader, Minister of State. Listen, this is, that's quite an alumni record to live up to. I can't tell you why, but that's a nice detail. Thank you. I mean, I have to take just one second and tell you about a hard-working experience that I'm going to now. Recently, there was a television program in our country, and it was on a subject that is very much in our minds here right now, and that is the sacredness of human life, particularly of newborn babies who seem to be born with, born less than perfect and whether to keep them alive or not. And in connection with that, there was one family that was shown on television that did believe that it was worth keeping them alive, and I was so taken with what I saw that I called them on the phone, and they are now here in the White House to meet with me. The mother and father, he'd been one of our Air Force officers, retired from the Air Force. He and his wife, hearing about and seeing examples of babies that someone thought should not be allowed to continue life because of their disabilities, and they, and about 14 of those, they have adopted the most grievously handicapped from birth defects on, including one little child that I don't know the technical name for it, but is born with just a brain stem and no brain, so can either see or talk or think, they're here, and yet is so capable of responding with joy to loving attention and candy, so loving. And that whole family, all of them are here in the White House and I'm going to meet with them. And I've seen them so on television, all of them together, and you had never seen happier people, and I think the children themselves with every kind of disability that you could think of and yet so happy and so loving to each other and it's just a sample of what two people that decided there was something they could do for their found man set out to do. I've been looking forward to the visit for quite some time. I just thought you might want to hear about that and know about some of our people. I don't think there's anything nicer than people. Thank you all again for being here. I wish you well and I just hope that you enjoyed your experience here with our fellow citizens. I know they'll enjoy all of you.