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anticipated, brink, compensation, concessions, declining, incentive, prospect, stability, stake, warranty

Text of Bush's statement on auto industry rescue

Associated Press
7:25 AM PST, December 19, 2008
Text of President George W. Bush's remarks delivered today at the White House on financial assistance to troubled auto makers:

source: Los Angeles Times

Good morning.

For years, America's automakers have faced serious challenges; burdensome costs, shrinking share of the market and declining profits. In recent months, the global financial crisis has made these challenges even more severe.

Now, some U.S. auto executives say that their companies are nearing collapse and that the only way they can buy time to restructure is with help from the federal government. It's a difficult situation that involves fundamental questions about the proper role of government.

On the one hand, government has the responsibility not to undermine the private enterprise system. On the other hand, government has a responsibility to safeguard the broader health and stability of our economy.

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 assistance第四級[名詞] 幫助,協助
 associated第四級[形容詞] 聯合的;關聯的; associate(聯想,把...聯想在一起) 的過去式及過去分詞
 collapse第四級[動詞] 倒塌; [名詞] 倒塌
 declining第六級decline(下降,下跌,衰退,婉拒,謝絕) 的現在分詞
 economy第四級[名詞] 節約,節省
 enterprise第五級[名詞] 企業,公司
 executives第五級executive(執行者;業務主管) 的複數
 federal第五級[形容詞] 聯邦(制)的; [名詞] 聯邦政府工作人員
 financial第四級[形容詞] 財政的;金融的
 fundamental第四級[形容詞] 基礎的;根本的; [名詞] 基本原則(或原理);綱要
 involves第四級involve(使捲入,連累;牽涉) 的第三人稱單數現在式
 remarks第四級remark(議論;評論) 的第三人稱單數現在式; remark(言辭;談論,評論) 的複數
 rescue第四級[動詞] 援救;營救; [名詞] 援救;營救
 safeguard第六級[動詞] 保護;防衛; [名詞] 保護;防衛;預防措施
 severe第四級[形容詞] 嚴重的;劇烈的
 stability第六級[名詞] 穩定;穩定性;安定
 undermine第六級[動詞] 侵蝕...的基礎;暗中破壞