 You're left hand on the Bible and raise your right hand and repeat the old fashioned name. I, Clayton Knight, do solemnly swear that I will support and defend the Constitution of the United States. The Constitution of the United States against all enemies, fallen in the midst. Against all enemies, born in domestic. That I will bear true faith and allegiance to the same. That I take this obligation freely without any mental reservation or purpose of evasion. And that I will well and faithfully discharge the duties of the office on which I am about to enter. So help me God. So help me God. Thank you very much. Oh, thank you. Thank you. You can tell me what the problem is. I know. Now that we've settled the trade debt, I thought I'll take care of it. I think I should remind you again, meeting will be in four months. I'm going to start earning my pay. Welcome aboard. Thank you, Mr. President. It's a pleasure. Thank you, and thank you to everybody for coming. And I think all of you fellows with the brownies and ladies with the brownies would like to know, come in here. There's more in the family. This is our son, Van, and our daughter, Kim. There are two more, Brad and Greg, our two older ones who were back out of Nebraska. But Kim and Van came in from Chicago. I should say, Mr. President, since you are very interested in athletics, that all of us have a chance to brag on the kids. Van was one of the outstanding high school basketball players we were nation two years ago. Kim was a top cross country runner in her days. But we have other attributes. I just have to tell you one thing, that the last basketball player that I remember formally receiving in the Oval Office just a few weeks ago was Karim Jabar. You had him out of the foot. Duck. You can't make the NBA at 6'2", I don't worry. I think we better go back to work. Thanks, everybody, so much for coming. Sandra, thank you very much for being here. Pleasure to be here. OK, very good. And I would like to say, Sandra, don't believe yet. There is a little. This is for the guests. There is a little formality here. I assume it's California. Jim, that's not important. Jim, like Mr. President will make sure they do that. Be successful. Thank you, Mr. President. You're a very great privilege to serve here. Your Honor, this always works better than breaking the bottle. I'm sure it does. Mr. President, thank you very much. Yes, yes. Mr. President, as you know, the Congress is out of town, but we've got one representative of Campbell Hill today, Phil Crane. Phil, why don't you come over and take a bow? Come on. I would say, Mr. President, that you've made a superb acquisition for our U.S. trade representative in the United States. I think it's not only an opportunity to stand, but an outstanding person. I congratulate you on your good days. Thank you for those words. And we're both not too far from Dixon, Illinois. That's true. I used to have a constituent, Mr. President, whose life you saved in a swimming accident when you were a lifeguard, you did. And he told me that, this was several years ago, he told me when you see the President tell him, I've never forgotten even a knee problem. I heard he probably lost six. Not when they all done the chance anyway. He is now, no, seven summers, 77 rescues, no losses. What do you think, Mr. President? I heard that, I mean, it was sports, it was people literally, it was life, it was a life barrier. Speaking of saving lives, as we break up, I should say, I think everybody here would join you, Mr. President, saying that you saved some more lives this past week. We are at a mighty, mighty appreciative and honored. Great performance. And all the good team. Okay. Mr. Kingen says that we should go to work, so thank you, everybody. I'm going to get away. Sorry. Thanks. Thank you. Here we go. Thank you. Thank you. I think I made the wrong choice. You saved that many lives. I chose basketball. I made a six-two. I think I made the wrong choice there. Don, I want to meet you there. Hi Joe, how are you? Hi, who is this? I should turn around and say hello to Mr. Beaconess, my wife, Jean, her son, and our daughter, Kim, and Joe Wraith, kind of, along right behind. Okay, enough. Come back here. Nice to meet you. Nice to meet you. Nice to meet you. Nice to meet you. Enjoy. Enjoy. My wife. Great line, please. Oh, see, Joe Wraith. Nice to meet you. Nice to meet you. You across the table. We're falling in between the two of us. There you are. Oh, there. This has been scheduled to provide a briefing for the cabinet on the hostage crisis and the effects of terrorism on airplanes and airplane safety. And Bud's going to give us a review of the diplomatic efforts for the release of the remaining hostages. So there we'll start with you. President, this was planned before the matter was resolved in the case of those aboard the aircraft. And I suppose, however, it may be worthwhile to recall some of the central factors and the outcome. Because as much as we might hold, it's likely we will face some kind of terrorist problem and some part of the world for the foreseeable future. And some of the lessons learned are relevant, I think, beyond the national security community and the entire cabinet. The president had a very clear framework for making decisions from the first moment. And when he was advised early Friday morning, two weeks ago, it was clear after he assembled the NSC that he had identified, first of all, the immediate goals of the people involved, not only what they wanted right away, but what were their broader purposes. And the Hezbollah people were quite different from the Amal people. And I'll be buttery's objective being a personal political game. Hezbollah, they brought our theological fundamentalism. The leader's digest. Well, first of all, thank you all for taking the time to come here and meet with us. And thank you for the support that you have been in our efforts to bring about meaningful results in reducing the federal spending and lowering the deficit. I know that I'm preaching to the choir here, but there are a few things that I think should be said about the lack of progress in the Congress in producing an acceptable budget. Despite Senate leaders' best efforts with the budget resolution they passed and then in the conference committee, that committee was unable to agree. And the standing block was easy to identify. There are just too many members in the Congress that haven't gotten a message yet that federal spending must be cut. That the federal government's taking too big a share from the private sector. And those that feel that way offer up tax increases instead. They've had their way for a number of times in the past, and it doesn't work. As a matter of fact, back in the 70s we had the biggest tax increase in our nation's history. And the budget immediate for the deficit immediately increased after that. I believe that our 1981 tax cut was the most important factor in the recovery that we've been enjoying. Yes, the rates were lower, but the revenues for government went up. Proving that a hundred years ago a fellow named Eben Caldoon, the Arab philosopher, was right when he said in the beginning of the empire, the rates were small and the revenues for the empire were great. He said the end of the empire, the rates were great and the revenues were small. So we must cut spending, but we must also reject the idea that the only place we can cut is in defense spending. Those people that are coming home today out of Andrews Air Force Base, I think, point out the need for us to provide realistically for our national security. The budget resolution with the Senate passed contains reductions in the defense budget and the figure that we had proposed last February would amount to 120 people to go further than some in Congress would have us do now. We had to figure we cannot, with a clear conscience, do that because I think it would do immediate harm to our national defense. So the problem is very simple. The conference committees you do has put together a program of domestic spending cuts to match the defense cuts that have already been put there. And I hope you join in delivering that message to the Congress and now is a good time, their home, where you can reach them and let them know what their constituents are watching. I have said many times over it isn't necessary to make Congress see the light and you just have to make them feel the heat. A few weeks ago, when it changed the subject here just for a second, we unveiled a, as you know, a tax reform plan. Overhaul the tax code, make it fairer, and we believe to help promote also economic growth. The polls show that two out of three who have heard our plan supported and we'd like to count you among that number. The plan makes changes which will provide, we think, direct benefits to American corporations and small businesses. And I know that some of you found provisions you don't need, but we feel that overall our plan favors neither large nor small business and neither the wealthy nor the poor nor Democrats or Republicans. And now with that I'm going to end the monologue here and turn the meeting over to Mary Jo. Thank you Mr. President. Quite possibly the new foreign minister will take up the invitation for you to do a MECO and come here at MECO in September or whatever it is when it comes to the UN and when it comes. Constant diplomatic exchanges. And so we intend, obviously it depends on them as well as us, to prepare for this meeting in a thoughtful, careful way so that we maximize the utility of the time our two heads of state spend together. Camera. Hi. Hello there. Can you give them a smile? She's not too sure. Thank you Mr. President. Jim on a Saturday at the ranch. Yes sir. We got the seven guys back yet? Oh sir, call this for kind of update on where the long-term counter-terrorist strategy stands. Earlier tasking then to go ahead.