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(单词翻译:双击或拖选)
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REMARKS BY THE PRESIDENT ON THE AMERICAN AUTOMOTIVE INDUSTRY
Grand Foyer
11:07 A.M. EDT
THE PRESIDENT: Good morning, everybody.
One of the challenges we've confronted from the beginning of this administration is what to do with the state of the struggling auto1 industry. In recent months, my Auto Task Force has been reviewing requests by General Motors and Chrysler for additional government assistance, as well as plans developed by each of these companies to restructure, to modernize2, and to make themselves more competitive. Our evaluation3 is now complete. But before I lay out what needs to be done going forward, I want to say a few words about where we are and what led us to this point.
It will come as no surprise that some Americans who have suffered most during this recession have been those in the auto industry and those working for companies that support it. Over the past year, our auto industry has shed over 400,000 jobs, not only at plants that produce cars, but at the businesses that produce the parts that go into them and the dealers4 that sell and repair them. More than one in 10 Michigan residents is out of work -- the most of any state. And towns and cities across the great Midwest have watched unemployment climb higher than it’s been in decades.
The pain being felt in places that rely on our auto industry is not the fault of our workers; they labor5 tirelessly and desperately6 want to see their companies succeed. It's not the fault of all the families and communities that supported manufacturing plants throughout the generations. Rather, it's a failure of leadership -- from Washington to Detroit -- that led our auto companies to this point.
Year after year, decade after decade, we've seen problems papered over and tough choices kicked down the road, even as foreign competitors outpaced us. Well, we've reached the end of that road. And we, as a nation, cannot afford to shirk responsibility any longer. Now is the time to confront our problems head-on and do what’s necessary to solve them.
We cannot, and must not, and we will not let our auto industry simply vanish. This industry is like no other -- it's an emblem7 of the American spirit; a once and future symbol of America’s success. It's what helped build the middle class and sustained it throughout the 20th century. It's a source of deep pride for the generations of American workers whose hard work and imagination led to some of the finest cars the world has ever known. It's a pillar of our economy that has held up the dreams of millions of our people. And we cannot continue to excuse poor decisions. We cannot make the survival of our auto industry dependent on an unending flow of taxpayer8 dollars. These companies -- and this industry -- must ultimately stand on their own, not as wards9 of the state.
And that's why the federal government provided General Motors and Chrysler with emergency loans to prevent their sudden collapse10 at the end of last year -- only on the condition that they would develop plans to restructure. In keeping with that agreement, each company has submitted a plan to restructure. But after careful analysis, we've determined11 that neither goes far enough to warrant the substantial new investments that these companies are requesting.
And so today I'm announcing that my administration will offer GM and Chrysler a limited additional period of time to work with creditors12, unions, and other stakeholders to fundamentally restructure in a way that would justify13 an investment of additional taxpayer dollars. During this period they must produce plans that would give the American people confidence in their long-term prospects15 for success.
Now, what we're asking for is difficult. It will require hard choices by companies. It will require unions and workers who have already made extraordinarily16 painful concessions17 to do more. It'll require creditors to recognize that they can't hold out for the prospect14 of endless government bailouts. It'll have to -- it will require efforts from a whole host of other stakeholders, including dealers and suppliers. Only then can we ask American taxpayers18 who have already put up so much of their hard-earned money to once more invest in a revitalized auto industry.
But I'm confident that if each are willing to do their part, if all of us are doing our part, then this restructuring, as painful as it will be in the short term, will mark not an end, but a new beginning for a great American industry -- an auto industry that is once more out-competing the world; a 21st century auto industry that is creating new jobs, unleashing19 new prosperity, and manufacturing the fuel-efficient cars and trucks that will carry us towards an energy-independent future. I am absolutely committed to working with Congress and the auto companies to meet one goal: The United States of America will lead the world in building the next generation of clean cars.
And no one can deny that our auto industry has made meaningful progress in recent years -- and this doesn't get talked about often enough. Some of the cars made by American workers right now are outperforming the best cars made abroad. In 2008, the North American Car of the Year was a GM. This year, Buick tied for first place as the most reliable car in the world. Our companies are investing in breakthrough technologies that hold the promise of new vehicles that will help America end its addiction20 to foreign oil.
But our auto industry is not moving in the right direction fast enough to succeed in a very tough environment. So let me discuss what measures need to be taken by each of the auto companies requesting taxpayer assistance, and I'll start with General Motors.
GM has made a good faith effort to restructure over the past several months -- but the plan that they've put forward is, in its current form, not strong enough. However, after broad consultation21 with a range of industry experts and financial advisors22, I'm absolutely confident that GM can rise again, providing that it undergoes a fundamental restructuring. As an initial step, GM is announcing today that Rick Wagoner is stepping aside as Chairman and CEO. This is not meant as a condemnation23 of Mr. Wagoner, who's devoted24 his life to this company and has had a distinguished25 career; rather, it's a recognition that will take new vision and new direction to create the GM of the future.
In this context, my administration will offer General Motors adequate working capital over the next 60 days. And during this time, my team will be working closely with GM to produce a better business plan. They must ask themselves: Have they consolidated26 enough unprofitable brands? Have they cleaned up their balance sheets, or are they still saddled with so much debt that they can’t make future investments? Above all, have they created a credible27 model for how not only to survive, but to succeed in this competitive global market?
Let me be clear: The United States government has no interest in running GM. We have no intention of running GM. What we are interested in is giving GM an opportunity to finally make those much-needed changes that will let them emerge from this crisis a stronger and more competitive company.
The situation at Chrysler is more challenging. It's with deep reluctance28 but also a clear-eyed recognition of the facts that we've determined, after careful review, that Chrysler needs a partner to remain viable29. Recently, Chrysler reached out and found what could be a potential partner -- the international car company Fiat30, where the current management team has executed an impressive turnaround. Fiat is prepared to transfer its cutting-edge technology to Chrysler and, after working closely with my team, has committed to build -- building new fuel-efficient cars and engines right here in the United States. We've also secured an agreement that will ensure that Chrysler repays taxpayers for any new investments that are made before Fiat is allowed to take a majority ownership stake in Chrysler.
1 auto | |
n.(=automobile)(口语)汽车 | |
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2 modernize | |
vt.使现代化,使适应现代的需要 | |
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3 evaluation | |
n.估价,评价;赋值 | |
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4 dealers | |
n.商人( dealer的名词复数 );贩毒者;毒品贩子;发牌者 | |
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5 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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6 desperately | |
adv.极度渴望地,绝望地,孤注一掷地 | |
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7 emblem | |
n.象征,标志;徽章 | |
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8 taxpayer | |
n.纳税人 | |
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9 wards | |
区( ward的名词复数 ); 病房; 受监护的未成年者; 被人照顾或控制的状态 | |
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10 collapse | |
vi.累倒;昏倒;倒塌;塌陷 | |
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11 determined | |
adj.坚定的;有决心的 | |
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12 creditors | |
n.债权人,债主( creditor的名词复数 ) | |
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13 justify | |
vt.证明…正当(或有理),为…辩护 | |
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14 prospect | |
n.前景,前途;景色,视野 | |
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15 prospects | |
n.希望,前途(恒为复数) | |
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16 extraordinarily | |
adv.格外地;极端地 | |
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17 concessions | |
n.(尤指由政府或雇主给予的)特许权( concession的名词复数 );承认;减价;(在某地的)特许经营权 | |
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18 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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19 unleashing | |
v.把(感情、力量等)释放出来,发泄( unleash的现在分词 ) | |
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20 addiction | |
n.上瘾入迷,嗜好 | |
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21 consultation | |
n.咨询;商量;商议;会议 | |
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22 advisors | |
n.顾问,劝告者( advisor的名词复数 );(指导大学新生学科问题等的)指导教授 | |
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23 condemnation | |
n.谴责; 定罪 | |
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24 devoted | |
adj.忠诚的,忠实的,热心的,献身于...的 | |
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25 distinguished | |
adj.卓越的,杰出的,著名的 | |
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26 consolidated | |
a.联合的 | |
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27 credible | |
adj.可信任的,可靠的 | |
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28 reluctance | |
n.厌恶,讨厌,勉强,不情愿 | |
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29 viable | |
adj.可行的,切实可行的,能活下去的 | |
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30 fiat | |
n.命令,法令,批准;vt.批准,颁布 | |
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31 hurdles | |
n.障碍( hurdle的名词复数 );跳栏;(供人或马跳跃的)栏架;跨栏赛 | |
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32 partnership | |
n.合作关系,伙伴关系 | |
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33 implement | |
n.(pl.)工具,器具;vt.实行,实施,执行 | |
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34 bankruptcy | |
n.破产;无偿付能力 | |
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35 mechanism | |
n.机械装置;机构,结构 | |
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36 nagging | |
adj.唠叨的,挑剔的;使人不得安宁的v.不断地挑剔或批评(某人)( nag的现在分词 );不断地烦扰或伤害(某人);无休止地抱怨;不断指责 | |
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37 warranty | |
n.担保书,证书,保单 | |
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38 treasury | |
n.宝库;国库,金库;文库 | |
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39 deduct | |
vt.扣除,减去 | |
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40 excise | |
n.(国产)货物税;vt.切除,删去 | |
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41 incentive | |
n.刺激;动力;鼓励;诱因;动机 | |
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42 modernizing | |
使现代化,使适应现代需要( modernize的现在分词 ); 现代化,使用现代方法 | |
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43 modernization | |
n.现代化,现代化的事物 | |
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44 unprecedented | |
adj.无前例的,新奇的 | |
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45 affected | |
adj.不自然的,假装的 | |
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46 countless | |
adj.无数的,多得不计其数的 | |
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47 tornado | |
n.飓风,龙卷风 | |
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48 leveraged | |
促使…改变( leverage的过去式和过去分词 ); [美国英语]杠杆式投机,(使)举债经营,(使)利用贷款进行投机 | |
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49 subdue | |
vt.制服,使顺从,征服;抑制,克制 | |
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50 frustration | |
n.挫折,失败,失效,落空 | |
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51 livelihoods | |
生计,谋生之道( livelihood的名词复数 ) | |
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52 precisely | |
adv.恰好,正好,精确地,细致地 | |
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53 ingenuity | |
n.别出心裁;善于发明创造 | |
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54 arsenal | |
n.兵工厂,军械库 | |
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