Well, as I spelled out in my last fireside chat to the American people, there are three basic elements that I would require: One is fairness in dealing with consumers; the second one is meeting the goals of both conservation and production in the energy area; and, third, an energy proposal that won't bankrupt this Nation nor seriously disturb the future budgets of our country. That's a fairly broad base, and I think it's an adequate parameter within which the conferees can work. But if any of those principles are violated, I would not sign the bill.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Well, as I spelled out in my last fireside chat to the American people, there are three basic elements that I would require: One is fairness in dealing with consumers; the second one is meeting the goals of both conservation and production in the energy area; and, third, an energy proposal that won't bankrupt this Nation nor seriously disturb the future budgets of our country. That's a fairly broad base, and I think it's an adequate parameter within which the conferees can work. But if any of those principles are violated, I would not sign the bill." in the context of "" to mean that wisdom is timeless.