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 Home > News & Policies > September 2006

For Immediate Release
Office of the Press Secretary
September 25, 2006

President Meets with Business Leaders on Lebanon Private Sector Initiative
The Oval Office

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     Fact sheet In Focus: Peace in the Middle East

9:38 A.M. EDT

THE PRESIDENT: I've just had a fascinating discussion with four business leaders and members of my administration, all of whom are strategizing on how to help the good people of Lebanon recover from the recent crisis.

Our goal, and our mission, is to help Lebanese citizens and Lebanese businesses not only recover, but to flourish, because we believe strongly in the concept of a democracy in Lebanon. Right from the beginning of the crisis I had stated that our objective is to help the Siniora government -- the Siniora government, which is a democratically elected government. And now we've got generous citizens of the United States, people who are very busy in their own right, who are willing to step forward and to strategize and raise monies to help people in Lebanon.

President George W. Bush addresses the media during a meeting with business leaders on Lebanon Private Sector Initiative in the Oval Office Monday, Sept. 25, 2006. Seated next to President Bush is CEO John Chambers of Cisco Systems. Participants also include Chairman Craig Barrett of Intel Corp., CEO Ray Irani of Occidental Petroleum Corp., and Chairman Yousif Ghafari of Ghafari, Inc. "Our goal, and our mission, is to help Lebanese citizens and Lebanese businesses not only recover, but to flourish, because we believe strongly in the concept of a democracy in Lebanon," said President Bush.  White House photo by Eric DraperAnd this is a very important mission for our country. It's a public/private partnership. Our federal government has committed $250 million [sic]*; OPIC, under Chairman Mosbacher's lead, has arranged financing. And now private sector individuals and businesses will work together to send a clear message to the Lebanese people: We care about you; we want you to live in a free society; we've got great hopes for you; we believe in your Prime Minister, Prime Minister Siniora; and we will back up our words with actions.

So I appreciate John Chambers, who has taken the lead for this group, and I appreciate you all taking time to go over to Lebanon and show the face of America -- we're a compassionate people, we care when people suffer and we care about the type of governments that people live under. And we strongly support the young democracies in the Middle East; we support the democracy of Lebanon; we support the democracy of Iraq. And our dream is one day for there to be a Palestinian democracy living side by side in peace with Israel.

Thank you all very much for your commitment. May God bless the good people of Lebanon. Thank you.

END 9:41 A.M. EDT

* $230 million