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[Weekly Compilation of Presidential Documents]

[Page i]
Monday, February 24, 2003

[[Page i]]

Weekly Compilation of



[Weekly Compilation of Presidential Documents]

[Page i-ii]
Pages 213-230

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Addresses and Remarks

    See also Meetings With Foreign Leaders
    Georgia, Carl Harrison High School in Kennesaw--218
    Radio address--213
    Swearing-in ceremony for William Donaldson as Chairman of the 
        Securities and Exchange Commission--214

Bill Signings

    Consolidated Appropriations Resolution, 2003, statements--225, 227

Communications to Congress

    Colombia, letter transmitting report on U.S. individuals involved in 
        the antinarcotics campaign--228
    Cyprus, letter transmitting report--217

Interviews With the News Media

    Exchange with reporters in the Roosevelt Room--214

Meetings With Foreign Leaders

    North Atlantic Treaty Organization, Secretary General Lord 

Statements by the President

    See also Bill Signings
    North Atlantic Treaty Organization decision on planning for the 
        defense of Turkey--217

Supplementary Materials

    Acts approved by the President--230
    Checklist of White House press releases--229
    Digest of other White House announcements--228
    Nominations submitted to the Senate--229

Editor's Note: The President was at the Bush Ranch in Crawford, TX, on 
February 21, the closing date of this issue. Releases and announcements 
issued by the Office of the Press Secretary but not received in time for 
inclusion in this issue will be printed next week.


Published every Monday by the Office of the Federal Register, National 
Archives and Records Administration, Washington, DC 20408, the Weekly 
Compilation of Presidential Documents contains statements, messages, and
other Presidential materials released by the White House during the 
preceding week.

The Weekly Compilation of Presidential Documents is published pursuant to
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[[Page 213]]

[Weekly Compilation of Presidential Documents]

[Page 213-214]
Pages 213-230
Week Ending Friday, February 21, 2003
The President's Radio Address

February 15, 2003

    Good morning. Last week the national terrorist threat level was 
raised to ``high.'' This is primarily a signal to Federal, State, and 
local law enforcement to take additional precautions and increase 
security measures against potential terrorist attacks. Raising the 
threat level also informs the general public to be more alert to their 
surroundings and prepared for possible emergencies in the event of an 
    Americans should go about their lives. And for those seeking 
specific guidance on how to be more vigilant, I encourage you to visit 
the Department of Homeland Security web site at DHS.gov.
    These recent threats are a stark reminder that our country remains 
engaged in a war on terror. Our enemies are still determined to attack 
America, and there is no such thing as perfect security against a hidden 
network of killers. Yet, I assure you that our government at every level 
is responding to this threat, working to track down every lead and 
standing watch 24 hours a day against terrorism.
    This past week, Secretary of Homeland Security Tom Ridge issued 
strategic plans to protect our critical infrastructure. These plans will 
guide local officials in securing our Nation's dams and powerplants, 
electrical grids, computer networks, and communications systems.
    Our effort to safeguard the homeland includes tighter security at 
the borders and ports of entry. We have posted more than 50,000 newly 
trained Federal screeners at airports. We have begun inoculating troops 
and first-responders against smallpox. We are deploying the Nation's 
first early warning network of sensors to detect biological attack. And 
we are moving to better coordinate the efforts of law enforcement.
    This week at FBI headquarters, I spoke to some of the fine men and 
women who are leading our antiterrorism efforts in law enforcement and 
intelligence. The FBI, CIA, Department of Homeland Security, and 
Department of Defense are working together as never before to assemble 
and analyze the threat information so we can act before our enemies can 
strike us.
    We are gathering the best information possible and using it to make 
sure the right people are in the right places to protect our citizens. 
Throughout the country, Joint Terrorism Task Forces are bringing 
together Federal, State, and local officials to fight terrorism. The FBI 
is expanding its terrorist identification system so that 18,000 State 
and local law enforcement agencies will be able to identify known or 
suspected terrorists almost immediately. Local police will be able to 
access Federal terrorist information from their squad cars to determine 
whether individuals they have pulled over or detained have terrorist 
    I've also asked Congress to fill a critical need in our defense 
against bioterror by committing almost $6 billion to quickly make 
available effective vaccines and treatments against agents like 
smallpox, anthrax, botulinum toxin, Ebola, and plague.
    Our Nation is preparing for a variety of threats we hope never will 
arrive. Many of these dangers are unfamiliar and unsettling. Yet the 
best way to fight these dangers is to anticipate them and act against 
them with focus and determination. This vigilance is a fundamental 
responsibility of your Government, and we are fulfilling that duty in 
every way we can.
    In the fight against terror, the American people are resolute. We 
will persevere, and we will prevail.
    Thank you for listening.

Note: The address was recorded at 10:15 a.m. on February 14 in the 
Cabinet Room at the White House for broadcast at 10:06 a.m. on February

[[Page 214]]

15. The transcript was made available by the Office of the Press 
Secretary on February 14 but was embargoed for release until the 
broadcast. The Office of the Press Secretary also released a Spanish 
language transcript of this address.

[Weekly Compilation of Presidential Documents]

[Page 214-216]
Pages 213-230
Week Ending Friday, February 21, 2003
Remarks at the Swearing-In Ceremony for William Donaldson as Chairman of 
the Securities and Exchange Commission and an Exchange With Reporters

February 18, 2003

    The President. Darn right. Bill, welcome, and Jane, thanks for 
coming. It's my honor to welcome your family here to the Roosevelt Room. 
And I'm proud to welcome Bill Donaldson as the Chairman of the 
Securities and Exchange Commission.
    Bill will be a strong leader of the SEC and a forceful advocate for 
the interests of investors. He's the right man at the right time. We're 
so honored you've agreed to accept this challenge, really appreciate it.
    Bill Donaldson spent a career preparing for this challenge. He has 
served as a founder of a leading investment banking firm, chairman of 
the New York Stock Exchange, the founding dean of the Yale School of 
Management. He has set high standards throughout his entire career. He 
will lead an active and energetic agency.
    This agency has been working hard. They've last year filed a record 
number of actions for financial reporting and disclosure violations, 
sought the removal of more than 100 corporate officers and directors on 
the grounds of misconduct, and ordered corporations and executives to 
return to investors hundreds of million dollars in improper gains.
    This administration is committed to the enforcement of the security 
laws. We're committed to creating a climate of confidence in our 
markets. There's no better person to help achieve that commitment than 
Bill Donaldson. In the 2004 budget, I'm asking Congress to increase SEC 
funding by 73 percent over the year 2002. We want to make sure the SEC 
has the tools necessary to pursue its important mission.
    This Nation is increasingly a nation of stockholders, who invest for 
their families and for their futures. Americans should be confident in 
the information they use in order to make investment decisions. All 
investors deserve to be treated fairly in the Tax Code as well. 
Investors should not be punished for saving and investing in America's 
future. Investors should not be--should be rewarded for taking risk in 
the marketplace. The Tax Code ought to treat these people fairly, and so 
that's why I've proposed that Congress end the unfair and unwise double 
taxation of dividends. This measure could improve corporate governance 
in America as well.
    Companies across America attract investors in a number of ways. One 
such way is to promise rapid growth, is to say, ``Even though we may not 
have cashflow, the future of our company is magnificent. Therefore, 
invest with us.'' Another way, of course, is to promise a steady source 
of income in the form of dividends. Eliminating double taxation of 
dividends would give more companies a reason to distribute their profits 
through direct cash to investors in the form of dividends. With 
dividends serving as a stronger foundation for long-term value, 
companies that pay them will have less motive to artificially inflate 
profits just to cause temporary increases in stocks.
    Our law should not discriminate against those companies that focus 
on stable, long-term growth. Eliminating the double taxation of 
dividends is good for American investors; it's good for American 
seniors; it's good for corporate reform.
    I'm glad Bill Donaldson has agreed to take charge of an agency with 
the vital purpose of showing the American investor that they're--can 
rely upon the data on which they use to evaluate investments, to really 
say to the markets loud and clear that we expect there to be corporate 
integrity throughout our system. This is a man who has not only set high 
standards but has achieved them. He's got a lot of talent and a lot of 
drive, a lot of wisdom, and a lot of integrity.
    Mr. Chairman.

[At this point, Chairman Donaldson made brief remarks.]

[[Page 215]]

    The President. Thank you, Mr. Chairman. Good job.
    Chairman Donaldson. Thanks.
    The President. Thank you. Ron [Ron Fournier, Associated Press]. I'll 
answer a couple of questions here.

Protests and Action Against Iraq

    Q. Thank you, Mr. President. What do you make of the fact that 
millions of people across the globe have taken to the streets to protest 
your approach to Iraq? And if you decide to go to war, how do you wage a 
campaign in the face of such stiff opposition?
    The President. Two points: One is that democracy is a beautiful 
thing and that people are allowed to express their opinion. I welcome 
people's right to say what they believe.
    Secondly, evidently some of the world don't view Saddam Hussein as a 
risk to peace. I respectfully disagree. Saddam Hussein has gassed his 
own people. Saddam Hussein has got weapons of mass destruction. Saddam 
Hussein has made--has defied the United Nations. Saddam Hussein is 
providing links to terrorists. Saddam Hussein is a threat to America, 

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