Our great allies have taken advantage of our good nature, and they like steel in Japan and appliances in Korea. They've just taking advantage of us it's time for them to partner with us and bring that production back home. So I think we're going to work closely with our allies to increase their manufacturing productivity at home and I think your way of thinking about it, saying let's work together to do that and bring it home, I think is really important for us and really important for our workforce.
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Countries as well as families benefit from the ability to trade with one another. Trade allows countries to specialize in what they do best and to enjoy a greater variety of goods and services. The Japanese, as well as the French and the Egyptians and the Brazilians, are as much our partners in the world economy as they are our competitors.
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We have an alliance that was forged more than a half century ago, and strengthened by shared interests and democratic values. Our people share ties of family, ties of culture, and ties of commerce. Our troops have served to protect Japan’s shores, and our citizens have found opportunity and friendship in Japan’s cities and towns.
The time has come for us to look after ourselves, and as the foreigner protects himself, so we must put the interests of our own people first. We will ask the country also to enter into trade agreements with our own dominions, under which we will ask them to buy our own manufactured goods, we taking in exchange foodstuffs and raw materials. ... We will ask the electorate to give us powers to stimulate wheat-growing.
On 9/11, having friends and allies made all the difference in the world. As we look at the pandemic and a possible second wave, the global economic collapse, the challenge that China and other authoritarian countries are presenting to our democracies, do we really want to face all this alone? Having retreated, are we going to return to our senses and re-establish and strengthen these alliances? That is a rhetorical question, but it’s an important one for Americans.
Members, you and I will work together in the months ahead on other issues: productive farm policy, a cleaner environment, broader home ownership, especially among minorities, and ways to encourage the good work of charities and faith-based groups. I ask you to join me on these important domestic issues in the same spirit of cooperation we've applied to our war against terrorism.
The answer is to increase industrial efficiency, to build up our exports, and to substitute home production for imports wherever this can be achieved competitively and economically, to broaden the base of our economy with capital investment, through the training of skilled manpower and the encouragement to accept change, to enable us to expand without running into strains and stresses such as have revealed themselves in past periods of expansion.
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