Biden 3/21 remarks to Business Roundtable

    10:09PM Mar 21, 2022

    Speakers:

    Keywords:

    invest

    america

    cyber

    world

    economy

    ukraine

    american

    commitment

    protect

    companies

    united

    deal

    americans

    organization

    response

    false flag operations

    services

    point

    operations

    consequence

    Welcome to the Business Roundtable. The organization of 238 CEOs, American companies.

    You know us because you always had

    problems the beginning of your administration. Agree or disagree.

    We welcome to America's business understand White House seriousness. This evening it's our privilege

    now.

    Ladies and gentlemen president, United States

    two days when I first ran for office can be 1972 of the United States. Senate entrepreneurs the eighth largest corporation in America.

    Thank you for having me. Hello, organization. Thank you, Joshua. I hope to see my house many years we've worked together on the American rescue plan, infrastructures, climate change,

    and climate cleanup, reducing costs and our strategy has worked I believe, and I think it's still working 6.7 million jobs last year. Most are created one year of more than 7 million now. 678,000 created just last month, one month 3.8% of our economy 5.7% Last year was Congress 14 years deficit position deficit. The same number used by $360 billion last year outstanding standing channel and attract reduce over $1 trillion this year. And that groundwork has positioned our economy to deal with problem inflation which is real people will be hurt by underscoring that America is a great place to invest. Intel's investing 20 million billion dollar semiconductor campus in Ohio I think very I think GM is best of 7 billion in us. In Florida, they can be 1 billion. point is that these are international history making investments of electric vehicles here. We've seen record electric vehicle sales along with records in solar wind and batteries in the sector after sector are making in America good investment. Objective is to make the infrastructure to keep building good day jobs, real jobs. Will bill the progress and Senate and House deep work innovation and send it to my desk. It's important for our economy and I our margin for national security as well are also leading on the global stage. I'm pleased to see American companies stepping up and doing their part which are doing great and winding down your operation without anybody anywhere I want to make that clear. Now, operations in Russia. Not all many have been around the world. And for the first time on that Sunday when we said this for the first time that we began Massachusetts long green border. I called for an emergency meeting of NATO in Europe to make the case that we had to be united. And one thing I'm confident knowing

    is that he was counting on meetings but he never thought I'd made a mistake. Stay totally early. I can assure you there's never been stronger and more united in this entire history is today in large part because of a lot of improvement. And but you know our response was the question here is do we present a united front throughout data in the Pacific quad is tossed possible in some way, shape, or form something as Japan is extremely strong as far as Australia. In terms of deal in terms of pressure. We present a united front drop in Pacific and if you did help to help us have sanctions occurred, the cost real cost on the Russian economy and we're seeing now that it matters obviously this December it made a big, big difference. And and I'm personally because because of our response because the response of working because you creatives are afraid so valuable and using the equipment we get on stage $2 billion today on the idea that they don't have enough sophisticated equipment is just simply not accurate. And I'm not going to take the time.

    The point is they have every every every piece of rational sense based on military and military. Do what they're doing. They're wreaking havoc attacks or helicopters. And notice they've just lost the hyper hypersonic missile recently because it's the only thing and

    certainly, it's a consequence of the same warhead as any other launch this doesn't make that much difference except now pushing back against the wall was just anticipating the extent or strength of our unity in the more backs against the wall. A greater starting attack excuse me may have seen it before. false flag operations whenever you start talking about something manually increasing the United States you may recall you said this to me this morning, that he was able to declassify a whole range of operations and they were about to engage him without sacrificing sources of methods and it was able to give everybody clear notice what it was about. Convinced a lot of our friends around the world we know what they're up to. And so he's back is against the wall. He's now he's talking about false flags. He says asserting that we in America biological as well as chemical weapons. simply not true. They guarantee are also suggested that Ukraine has biological, chemical weapons in Ukraine. That's a clear sign he's considering using both of those is already used chemical weapons in the past, and we should be careful not to come. He knows they'll be severe consequences because of the United Nations. The point is, it's really what I want to mention very much, very quickly is one of the tool she's most likely to use, in my opinion, is cyber cyber, gave a very sophisticated cyber capability. iPad as the same set of notes are very nice. We had an older company on this issue, a long conversation with customers when it is that he has a capability as a user and was forever displayed. And I wondered about Russian conduct maliciously malicious cyber activity in response to the cost we impose on our allies in the world. But look, today my administration is based on evolving intelligence Russia remains. As I said the magnitude reversal of cyber capacity is really consequential. And it's coming. The federal government is doing its part to get ready under US law. As you all know, the private sector overview largely the size of protections that take protecting your sources. But let me be absolutely clear about us. It's not just in your interest to stay protected in society is the national interest. And I would respectfully suggest as a patriotic obligation to invest as much as you can. Anyway, go under technological capacity to deal with cyber cyber attacks. First, to protect your own confidence second, provides critical as your best price for critical services. Rely on from power three and one. And finally, your role you can plan on being secure every American every American for example. Nice to have cyber security is financial data saying we're prepared to help you as I said many tools and expertise we possess if you're ready to do that, but your decision as to the special taking the responsibility it takes. Now we need to do a service for Ukraine but we also need to step up for families here at home. In 2019 your organizations realize she released a statement with a signature almost everyone in this room. It says quote American reserves and iconic versions exceed their hard work and creativity and lead away from being given and expressed a commitment from you to invest in your workforce wasn't a bigger statement as a capitalist capitalist. Statement. This was your view about how to run strong, profitable companies over the long term and this commitment have consequences for comparable free worlds and ways that you reaffirm that commitment.

    We can't afford it for shareholders and expensive customers and communities they think we're not doing that. Stand out people hire to invest the entire world. invest in innovation so you can deliver better products and services to more Americans. Myth for diversity stay committed to the sheer cultivated tools artificial intelligence and advanced dignity and opportunity for all Americans. And to invest in America's self manufacturing, created over 450 1000 manufacturing jobs is one of my colleagues said we're not going to talk about the rest of the expanding man capacity in the Midwest and invest in America itself, manufacturing, climate resilience clean energy, Americans with the competition in 21st century and won't hurt your bottom line is where the economy continues to grow.

    So much more to say. Probably taking too much time. On your time right now, but I'm happy to test questions