TNAG-2469-FCO40-3593-Most-favoured-nation-status-for-China-Hong-Kong-interests-1992 — Page 8

Clinton administration will maintain the military strength we need to defend our people, our vital interests and our values. They should also know that the danger that we will get carried away with our ideals does not loom large. That has not been our problem in the last four years. (Applause)

The real danger is that in this time of wrenching, sweeping change, under President Bush we will cling to tired and outdated notions that do not work and cannot inspire. Even within our budgetary constraints we can contribute a great deal to help democracy take root around the world. For while the new democracies will need financial assistance from the international community, they also need our help in learning how democracy and free markets work, about freedom's institutions, it's cultures, its values, and yes about its problems.

As President I will reorganize and redirect our foreign assistance programs. (Applause)

I believe we should stress not only sustainable development but also the development of the skills, the values and the institutions of free societies. But I do not believe in this difficult time we should spend American foreign aid dollars as the Bush administration has done, to subsidize American companies to shut plants down in the United States and move them overseas. (Applause)

I do not believe we should use taxpayer dollars as this administration has done to pay for advertisements to entice people to shut their plants down in America and take 57 cent a hour labor in other countries. (Applause)

I do not believe we should have one more year in which we spend more federal tax dollars training workers in another region of the world than we train people who lose their jobs here at home. I do not believe that. (Applause)

That not only does not make sense, it is absolutely wrong. But I wil support the establishment of a democracy corps which could provide teams o experienced Americans and local centers throughout the former Soviet Union to help grassroots leaders overcome bottlenecks to democratic development.

labor and

We will renew our support for institutions like the bipartisan National Endowment for Democracy and its partners in business, political leadership. We will revive the spirit of the Peace Corps, offering young people the opportunity to take part -- (applause) offering young people the opportunity to take part in the central politica experience of their time.

We will rely on America's voluntary organizations to help in the development of independent, civic and service sectors in the new democracies.

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