President-Elect Barack Obama
December 3, 2008
[AS PREPARED FOR DELIVERY]
Last week, Vice President-Elect Biden and I began the process of
announcing our economic team. Today, we are pleased to name
another key member of this team: our nominee for Secretary of Commerce,
my friend, Governor Bill Richardson.
With each passing day, the work our team has begun, developing plans to
revive our economy, becomes more urgent. Earlier this week, we
learned that the U.S. economy has been in recession since December of
2007 and that our manufacturing output is at a 26 year low – two stark
reminders of the magnitude of the challenges we face.
But while I know rebuilding our economy won’t be easy – and it won’t
happen overnight – I also know this: right now, somewhere in America, a
small business is at work on the next big idea. A scientist is on
the cusp of the next breakthrough discovery. An entrepreneur is
sketching plans for the startup that will revolutionize an
industry. Right now, across America, the finest products in the
world are rolling off our assembly lines. And the proudest, most
determined, most productive workers in the world are on the job – some,
already on their second shift of the day; many, putting in longer hours
than ever before.
After nearly two years traveling across this country, meeting with
workers, visiting businesses large and small, I am more confident than
ever before that we have everything we need to renew our economy – we
have the ingenuity and technology, the skill and commitment – we just
need to put it to work. It’s time to not just address our
immediate economic threats, but to start laying the groundwork for
long-term economic prosperity – to help American businesses grow and
thrive at home, and expand our efforts to promote American enterprise
around the world.
This work is the core mission of the Secretary of Commerce. And
with his breadth and depth of experience in public life, Governor
Richardson is uniquely suited for this role as a leading economic
diplomat for America.
During his time in state government and Congress, and in two tours of
duty in the cabinet, Bill has seen from just about every angle what
makes our economy work and what keeps it from working better.
As Governor of New Mexico, Bill showed how government can act as a
partner to support our businesses, helping create 80,000 new
jobs. And under his leadership, New Mexico saw the lowest
unemployment rate in decades.
As a former Secretary of Energy, Bill understands the steps we must
take to build a new, clean-energy industry and create the green jobs of
the twenty-first century. Jobs that pay well and won’t be shipped
overseas – jobs that will help us end our dependence on foreign oil.
And as a former Ambassador to the United Nations, Bill brings both
international stature and a deep understanding of today’s global
economy. He understands that the success of today’s business in
Detroit or Columbus often depends on whether it can sell products in
places like Santiago or Shanghai. And he knows that America’s
reputation in the world is critical not just to our security, but to
our prosperity – that when the citizens of the world respect America’s
leadership, they are more likely to buy America’s products.
To this crucial work of restoring America’s international standing,
Bill will bring a leadership style all his own. Bill has never
been content to learn just from briefing books – never satisfied with
only the official version of the story. During his time in
Congress, he held more than 2,500 town-hall meetings, so he could hear
directly from constituents. He was a regular in the U.N.
cafeteria, mixing it up with U.N. employees over lunch. And
during his 2002 campaign for Governor, he actually broke a world record
by shaking nearly 14,000 hands in just eight hours.
All of this reflects a determination to reach out and understand where
people are coming from, what they hope for, and what he can do to
help. This approach, I believe, has been the key to Bill’s
success as a negotiator and will be key to his work on the critical
functions of the Commerce Department – from administering our census
and monitoring our climate to protecting our intellectual property and
restoring our economic diplomacy.
In the end, Bill Richardson is a leader who shares my values -- and he
measures progress the same way I do. Are we creating good jobs,
instead of losing them? Are incomes growing, instead of
shrinking? I know that Bill will be an unyielding advocate for
American business and American jobs, at home and around the
world. And I look forward to working with him in the years ahead.