Full Text Obama Presidency November 20, 2014: President Barack Obama’s Speech to the Nation Outlining Immigration Reform Executive Actions & Executive Amnesty — Transcript

POLITICAL TRANSCRIPTS

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Full text: Obama’s immigration speech

My fellow Americans, tonight, I’d like to talk with you about immigration.

For more than 200 years, our tradition of welcoming immigrants from around the world has given us a tremendous advantage over other nations. It’s kept us youthful, dynamic, and entrepreneurial. It has shaped our character as a people with limitless possibilities — people not trapped by our past, but able to remake ourselves as we choose.

But today, our immigration system is broken, and everybody knows it.

Families who enter our country the right way and play by the rules watch others flout the rules. Business owners who offer their workers good wages and benefits see the competition exploit undocumented immigrants by paying them far less. All of us take offense to anyone who reaps the rewards of living in America without taking on the responsibilities of living in America. And undocumented immigrants who desperately want to embrace those responsibilities see little option but to remain in the shadows, or risk their families being torn apart.

It’s been this way for decades. And for decades, we haven’t done much about it.

When I took office, I committed to fixing this broken immigration system. And I began by doing what I could to secure our borders. Today, we have more agents and technology deployed to secure our southern border than at any time in our history. And over the past six years, illegal border crossings have been cut by more than half. Although this summer, there was a brief spike in unaccompanied children being apprehended at our border, the number of such children is now actually lower than it’s been in nearly two years. Overall, the number of people trying to cross our border illegally is at its lowest level since the 1970s. Those are the facts.

Meanwhile, I worked with Congress on a comprehensive fix, and last year, 68 Democrats, Republicans, and Independents came together to pass a bipartisan bill in the Senate. It wasn’t perfect. It was a compromise, but it reflected common sense. It would have doubled the number of border patrol agents, while giving undocumented immigrants a pathway to citizenship if they paid a fine, started paying their taxes, and went to the back of the line. And independent experts said that it would help grow our economy and shrink our deficits.

Had the House of Representatives allowed that kind of a bill a simple yes-or-no vote, it would have passed with support from both parties, and today it would be the law. But for a year and a half now, Republican leaders in the House have refused to allow that simple vote.

Now, I continue to believe that the best way to solve this problem is by working together to pass that kind of common sense law. But until that happens, there are actions I have the legal authority to take as President – the same kinds of actions taken by Democratic and Republican Presidents before me – that will help make our immigration system more fair and more just.

Tonight, I am announcing those actions.

First, we’ll build on our progress at the border with additional resources for our law enforcement personnel so that they can stem the flow of illegal crossings, and speed the return of those who do cross over.

Second, I will make it easier and faster for high-skilled immigrants, graduates, and entrepreneurs to stay and contribute to our economy, as so many business leaders have proposed.

Third, we’ll take steps to deal responsibly with the millions of undocumented immigrants who already live in our country.

I want to say more about this third issue, because it generates the most passion and controversy. Even as we are a nation of immigrants, we are also a nation of laws. Undocumented workers broke our immigration laws, and I believe that they must be held accountable — especially those who may be dangerous. That’s why, over the past six years, deportations of criminals are up 80 percent. And that’s why we’re going to keep focusing enforcement resources on actual threats to our security. Felons, not families. Criminals, not children. Gang members, not a mother who’s working hard to provide for her kids. We’ll prioritize, just like law enforcement does every day.

But even as we focus on deporting criminals, the fact is, millions of immigrants — in every state, of every race and nationality — will still live here illegally. And let’s be honest – tracking down, rounding up, and deporting millions of people isn’t realistic. Anyone who suggests otherwise isn’t being straight with you. It’s also not who we are as Americans. After all, most of these immigrants have been here a long time. They work hard, often in tough, low-paying jobs. They support their families. They worship at our churches. Many of their kids are American-born or spent most of their lives here, and their hopes, dreams, and patriotism are just like ours.

As my predecessor, President Bush, once put it: “They are a part of American life.”

Now here’s the thing: we expect people who live in this country to play by the rules. We expect that those who cut the line will not be unfairly rewarded. So we’re going to offer the following deal: If you’ve been in America for more than five years; if you have children who are American citizens or legal residents; if you register, pass a criminal background check, and you’re willing to pay your fair share of taxes – you’ll be able to apply to stay in this country temporarily, without fear of deportation. You can come out of the shadows and get right with the law.

That’s what this deal is. Now let’s be clear about what it isn’t. This deal does not apply to anyone who has come to this country recently. It does not apply to anyone who might come to America illegally in the future. It does not grant citizenship, or the right to stay here permanently, or offer the same benefits that citizens receive – only Congress can do that. All we’re saying is we’re not going to deport you.

I know some of the critics of this action call it amnesty. Well, it’s not. Amnesty is the immigration system we have today – millions of people who live here without paying their taxes or playing by the rules, while politicians use the issue to scare people and whip up votes at election time.

That’s the real amnesty – leaving this broken system the way it is. Mass amnesty would be unfair. Mass deportation would be both impossible and contrary to our character. What I’m describing is accountability – a commonsense, middle ground approach: If you meet the criteria, you can come out of the shadows and get right with the law. If you’re a criminal, you’ll be deported. If you plan to enter the U.S. illegally, your chances of getting caught and sent back just went up.

The actions I’m taking are not only lawful, they’re the kinds of actions taken by every single Republican President and every single Democratic President for the past half century. And to those Members of Congress who question my authority to make our immigration system work better, or question the wisdom of me acting where Congress has failed, I have one answer: Pass a bill. I want to work with both parties to pass a more permanent legislative solution. And the day I sign that bill into law, the actions I take will no longer be necessary. Meanwhile, don’t let a disagreement over a single issue be a dealbreaker on every issue. That’s not how our democracy works, and Congress certainly shouldn’t shut down our government again just because we disagree on this. Americans are tired of gridlock. What our country needs from us right now is a common purpose – a higher purpose.

Most Americans support the types of reforms I’ve talked about tonight. But I understand the disagreements held by many of you at home. Millions of us, myself included, go back generations in this country, with ancestors who put in the painstaking work to become citizens. So we don’t like the notion that anyone might get a free pass to American citizenship. I know that some worry immigration will change the very fabric of who we are, or take our jobs, or stick it to middle-class families at a time when they already feel like they’ve gotten the raw end of the deal for over a decade. I hear these concerns. But that’s not what these steps would do. Our history and the facts show that immigrants are a net plus for our economy and our society. And I believe it’s important that all of us have this debate without impugning each other’s character.

Because for all the back-and-forth of Washington, we have to remember that this debate is about something bigger. It’s about who we are as a country, and who we want to be for future generations.

Are we a nation that tolerates the hypocrisy of a system where workers who pick our fruit and make our beds never have a chance to get right with the law? Or are we a nation that gives them a chance to make amends, take responsibility, and give their kids a better future?

Are we a nation that accepts the cruelty of ripping children from their parents’ arms? Or are we a nation that values families, and works to keep them together?

Are we a nation that educates the world’s best and brightest in our universities, only to send them home to create businesses in countries that compete against us? Or are we a nation that encourages them to stay and create jobs, businesses, and industries right here in America?

That’s what this debate is all about. We need more than politics as usual when it comes to immigration; we need reasoned, thoughtful, compassionate debate that focuses on our hopes, not our fears.

I know the politics of this issue are tough. But let me tell you why I have come to feel so strongly about it. Over the past few years, I have seen the determination of immigrant fathers who worked two or three jobs, without taking a dime from the government, and at risk at any moment of losing it all, just to build a better life for their kids. I’ve seen the heartbreak and anxiety of children whose mothers might be taken away from them just because they didn’t have the right papers. I’ve seen the courage of students who, except for the circumstances of their birth, are as American as Malia or Sasha; students who bravely come out as undocumented in hopes they could make a difference in a country they love. These people – our neighbors, our classmates, our friends – they did not come here in search of a free ride or an easy life. They came to work, and study, and serve in our military, and above all, contribute to America’s success.

Tomorrow, I’ll travel to Las Vegas and meet with some of these students, including a young woman named Astrid Silva. Astrid was brought to America when she was four years old. Her only possessions were a cross, her doll, and the frilly dress she had on. When she started school, she didn’t speak any English. She caught up to the other kids by reading newspapers and watching PBS, and became a good student. Her father worked in landscaping. Her mother cleaned other people’s homes. They wouldn’t let Astrid apply to a technology magnet school for fear the paperwork would out her as an undocumented immigrant – so she applied behind their back and got in. Still, she mostly lived in the shadows – until her grandmother, who visited every year from Mexico, passed away, and she couldn’t travel to the funeral without risk of being found out and deported. It was around that time she decided to begin advocating for herself and others like her, and today, Astrid Silva is a college student working on her third degree.

Are we a nation that kicks out a striving, hopeful immigrant like Astrid – or are we a nation that finds a way to welcome her in?

Scripture tells us that we shall not oppress a stranger, for we know the heart of a stranger – we were strangers once, too.

My fellow Americans, we are and always will be a nation of immigrants. We were strangers once, too. And whether our forebears were strangers who crossed the Atlantic, or the Pacific, or the Rio Grande, we are here only because this country welcomed them in, and taught them that to be an American is about something more than what we look like, or what our last names are, or how we worship. What makes us Americans is our shared commitment to an ideal – that all of us are created equal, and all of us have the chance to make of our lives what we will.

That’s the country our parents and grandparents and generations before them built for us. That’s the tradition we must uphold. That’s the legacy we must leave for those who are yet to come.

Thank you, God bless you, and God bless this country we love.

Political Musings November 17, 2014: Never mind government shutdown Obama is looking to be impeached or sued by GOP Congress over immigration reform

POLITICAL MUSINGS

http://historymusings.files.wordpress.com/2013/06/pol_musings.jpg?w=500&h=80?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Never mind government shutdown Obama is looking to be impeached or sued by GOP

When news broke on Thursday, Nov. 13, 2014 that President Barack Obama is planning to take executive action on immigration this week, the first thought that came to mind is that the GOP might prevent the budget bills from passing…READ MORE

Full Text Obama Presidency November 16, 2014: President Barack Obama’s Press Conference at the End of the G20 Summit in Brisbane Australia — Transcript

POLITICAL TRANSCRIPTS

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Remarks by President Obama at G20 Press Conference | November 16, 2014

Source: WH, 11-16-14 

Brisbane Convention and Exhibition Center
Brisbane, Australia

4:19 P.M. AEST

PRESIDENT OBAMA:Thank you, everybody.Please have a seat.Good afternoon.I want to begin by thanking Prime Minister Abbott, the people of Brisbane, and the people of Australia for being such extraordinary hosts for the G20.All the arrangements were terrific and, as always, the people of Australia could not have been friendlier and better organized.So I very much appreciate everything that you have done.

We had a lot of good discussions during the course of the G20, but as our Australian friends say, this wasn’t just a “good old chinwag.”I really love that expression.(Laughter.)It was a productive summit.And so I want to thank Tony for his leadership, and the people of Brizzy truly did shine throughout this process with their hospitality.

This is the final day of a trip that has taken me across the Asia Pacific — a visit that comes against the backdrop of America’s renewed economic strength.The United States is in the longest stretch of uninterrupted private sector job growth in its history.Over the last few years, we’ve put more people back to work than all the other advanced economies combined.And this growing economic strength at home set the stage for the progress that we have made on this trip.It’s been a good week for American leadership and for American workers.

We made important progress in our efforts to open markets to U.S. goods and to boost the exports that support American jobs.We continue to make progress toward the Trans-Pacific Partnership.Our agreement with China to extend visas for business people, tourists and students is going to boost tourism, grow our two economies and create jobs for Americans and Chinese alike.We also agreed with China to pursue a bilateral investment treaty, as well as agreeing on an approach to the Information Technology Agreement that is estimated would support some 60,000 American jobs.And here at the G20, China committed to greater transparency on its economic data, including its foreign exchange reserves.And this is a step toward the market-driven exchange rate that we’ve been pushing for because it would promote a level playing field for American businesses and American workers.

Here in Brisbane, all the G20 countries announced strategies to increase growth and put people back to work, including a new initiative to support jobs by building infrastructure.Our nations made commitments that could bring another 100 million women into our collective workforce.We took new steps toward strengthening our banks, closing tax loopholes for multinational companies, and stopping tax evaders and criminals from hiding behind shell companies.And these were all very specific provisions.These were not just goals that were set without any substance behind them.We have made very concrete progress during the course of the last several G20 sessions in preventing companies from avoiding the taxes that they owe in their home countries, including the United States, and making sure that we’ve got a financial system that’s more stable and that can allow a bank to fail without taxpayers having to bail them out.

Meanwhile, the breakthrough the United States achieved with India this week allows for a resumption of talks on a global trade deal that would mean more growth and prosperity for all of us.

This week, we also took historic steps in the fight against climate change.The ambitious new goal that I announced in Beijing will double the pace at which America reduces its carbon pollution while growing our economy and creating jobs, strengthening our energy security, and putting us on the path to a low carbon future.Combined with China’s commitment — China for the first time committed to slowing and then peaking and then reversing the course of its emissions — we’re showing that there’s no excuse for other nations to come together, both developed and developing, to achieve a strong global climate agreement next year.

The $3 billion contribution to the Green Climate Fund that I announced yesterday will help developing nations deal with climate change, reduce their carbon pollution and invest in clean energy.I want to commend, by the way, Prime Minister Abe and Japan for their $1.5 billion pledge to the Fund.And following the steps we’ve taken in the United States, many of the G20 countries agreed to work to improve the efficiency of heavy-duty vehicles, which would be another major step in reducing emissions.

And finally, I’m pleased that more nations are stepping up and joining the United States in the effort to end the Ebola epidemic in West Africa.Coming on the heels of our Global Health Security Agenda in the United States, the G20 countries committed to helping nations like those in West Africa to build their capacity to prevent, detect and respond to future outbreaks before they become epidemics.

So from trade to climate change to the fight against Ebola, this was a strong week for American leadership.And the results will be more jobs for the American people; historic steps towards a cleaner and healthier planet; and progress towards saving lives not just in West Africa, but eventually in other places.If you ask me, I’d say that’s a pretty good week.The American people can be proud of the progress that we’ve made.I intend to build on that momentum when I return home tomorrow.

And with that, I am going to take a few questions.I’ve got my cheat-sheet here.And we’re going to start with Matt Spetalnick of Reuters.

Q Thank you, Mr. President.Some of your fellow G20 leaders took an in-your-face approach with President Putin.You had conversations –

PRESIDENT OBAMA:I’m sorry, with President –

Q With President Putin.

PRESIDENT OBAMA:Oh, I see.

Q Took a kind of confrontational approach to him.You had brief discussions with him at APEC.How confrontational or not were those encounters?Did you have any further exchanges with him here?What, if any, progress did you make with him on the Ukraine issue?And, of course, you’ve now just met with EU leaders.Did you agree on further sanctions?

One other question, sir, on a domestic subject.Are you prepared to state unequivocally that if Congress does pass a Keystone pipeline bill, that you would veto it if it comes to your desk?

PRESIDENT OBAMA:I had naturally several interactions with President Putin during the course of the APEC Summit and then here at G20.I would characterize them as typical of our interactions, which are businesslike and blunt.And my communications to him was no different than what I’ve said publicly as well as what I’ve said to him privately over the course of this crisis in Ukraine, and that is Russia has the opportunity to take a different path, to resolve the issue of Ukraine in a way that respects Ukraine’s sovereignty and is consistent with international law.That is our preference, and if it does so then I will be the first to suggest that we roll back the sanctions that are, frankly, having a devastating effect on the Russian economy.

If he continues down the path that he is on — violating international law; providing heavy arms to the separatists in Ukraine; violating an agreement that he agreed to just a few weeks ago, the Minsk Agreement, that would have lowered the temperature and the killing in the disputed areas and make providing us a pathway for a diplomatic resolution — then the isolation that Russia is currently experiencing will continue.

And in my meeting with European leaders, they confirmed their view that so far Russia has not abided by either the spirit or the letter of the agreement that Mr. Putin signed — or agreed to, and that as a consequence we are going to continue to maintain the economic isolation while maintaining the possibility of a diplomatic solution.

It is not our preference to see Russia isolated the way it is.We would prefer a Russia that is fully integrated with the global economy; that is thriving on behalf of its people; that can once again engage with us in cooperative efforts around global challenges.But we’re also very firm on the need to uphold core international principles.And one of those principles is, is that you don’t invade other countries or finance proxies and support them in ways that break up a country that has mechanisms for democratic elections.

Q Did you discuss or agree with them on further sanctions?

PRESIDENT OBAMA:At this point, the sanctions that we have in place are biting plenty good.We retain the capabilities, and we have our teams constantly looking at mechanisms in which to turn up additional pressure as necessary.

With respect to Keystone, I’ve said consistently — and I think I repeated in Burma, but I guess I’ve got to answer it one more — we’re going to let the process play itself out.And the determination will be made in the first instance by the Secretary of State.But I won’t hide my opinion about this, which is that one major determinant of whether we should approve a pipeline shipping Canadian oil to world markets, not to the United States, is does it contribute to the greenhouse gases that are causing climate change.

Q What were your comments on the pipeline –

PRESIDENT OBAMA:Matt, I got to move on, man.Everybody wants to go home.All right?Other people have questions.Jim Acosta, CNN.

Q Thank you, Mr. President.I wanted to ask you about the climate deal that you agreed to with Chinese President Xi, and on that front but also adding in your expected executive action on immigration, that you’re taking executive actions on a multitude of fronts.And I wanted to ask you, sir, what is stopping a future Republican President, or even a Democratic President, from reversing your executive orders?And are you expanding the powers of the presidency in ways that could potentially backfire on your agenda down the road?

And on the battle against ISIS — your Joint Chiefs Chairman, Martin Dempsey, is in Iraq right now, but at a congressional hearing last week he said he could envision a scenario in which ground forces could be engaged in combat in Iraq alongside Iraqi security forces.I know you’ve ruled out the possibility of having ground forces — U.S. ground forces engaged in combat going house to house and so forth.Has your thinking on that changed somewhat, and might General Dempsey be able to convince you otherwise?

PRESIDENT OBAMA:Okay.With respect to the climate agreement, the goal that we’ve set — a 26 to 28 percent reduction by 2025 — we shaped that target based on existing authorities rather than the need for additional congressional action.

And I want to be clear here, Jim, that that’s based not on particular executive actions that I’m taking, but based on the authority that’s been upheld repeatedly by this Supreme Court for the EPA, the Environmental Protection Agency, to be able to shape rules to regulate the emission of greenhouse gases.

Obviously it’s supplemented by a bunch of stuff that we’re doing that nobody suggests isn’t within our authority.For example, the doubling of fuel-efficiency standards on cars is something that we negotiated with the car companies and with labor groups, and is working really well and we’re selling a lot of American cars domestically as well as internationally.And they are more fuel-efficient cars and, as a consequence, more popular cars.

With respect to executive actions generally, the record will show that I have actually taken fewer executive actions than my predecessors.Nobody disputes that.What I think has changed is the reaction of some of my friends in Congress to exercising what are normal and, frankly, fairly typical exercises of presidential authority.

You are absolutely right that the very nature of an executive action means that a future President could reverse those actions.But that’s always been true.That was true when I came into office; if President Bush had a bunch of executive actions that he had signed, it was part of my authority to reverse them.That’s why, for example, on immigration reform it continues to be my great preference to see Congress pass comprehensive legislation, because that is not reversed by a future President, it would have to be reversed by a future Congress.That’s part of the reason why I’ve argued consistently that we’re better off if we can get a comprehensive deal through Congress.That’s why I showed extraordinary patience with Congress in trying to work a bipartisan deal. That’s why I was so encouraged when the Senate produced a bipartisan immigration deal and why I waited for over a year for Speaker Boehner to call that bipartisan bill in the House.

But as I’ve said before, I can’t wait in perpetuity when I have authorities that, at least for the next two years, can improve the system, can allow us to shift more resources to the border rather than separating families; improve the legal immigration system.I would be derelict in my duties if I did not try to improve the system that everybody acknowledges is broken.

With respect to Syria, Chairman Dempsey I think has consistently said in all his testimony, and I would expect him to always do this, to give me his best military advice and to not be constrained by politics.And he has not advised me that I should be sending U.S. troops to fight.What he said in testimony, and what I suspect he’ll always say, is that, yes, there are circumstances in which he could envision the deployment of U.S. troops.That’s true everywhere, by the way.That’s his job, is to think about various contingencies.And, yes, there are always circumstances in which the United States might need to deploy U.S. ground troops.

If we discovered that ISIL had gotten possession of a nuclear weapon, and we had to run an operation to get it out of their hands, then, yes, you can anticipate that not only would Chairman Dempsey recommend me sending U.S. ground troops to get that weapon out of their hands, but I would order it.So the question just ends up being, what are those circumstances.I’m not going speculate on those.Right now we’re moving forward in conjunction with outstanding allies like Australia in training Iraqi security forces to do their job on the ground.

Q — your thinking on that has not changed?

PRESIDENT OBAMA:My thinking has not changed currently.

Ed Henry of Fox.

Q Thank you.One question, I promise.

PRESIDENT OBAMA:That’s great.(Laughter.)

Q At your Burma town hall a couple days ago you tried to inspire young leaders by saying governments need to be held accountable and be responsive to the people.I wonder how you square that with your former advisor, Jonathan Gruber, claiming you were not transparent about the health law?Because in his words, the American people, the voters are stupid.Did you mislead Americans about the taxes, about keeping your plan, in order to get the bill passed?

PRESIDENT OBAMA:No, I did not.I just heard about this.I get well briefed before I come out here.The fact that some advisor who never worked on our staff expressed an opinion that I completely disagree with in terms of the voters, is no reflection on the actual process that was run.

We had a year-long debate, Ed.I mean, go back and look at your stories.The one thing we can’t say is that we did not have a lengthy debate about health care in the United States of America, or that it was not adequately covered.I mean, I would just advise all of — every press outlet here:Go back and pull up every clip, every story, and I think it’s fair to say that there was not a provision in the health care law that was not extensively debated and was fully transparent.

Now, there were folks who disagreed with some of these various positions.It was a tough debate.But the good news is — and I know this wasn’t part of your question — but since some folks back home who don’t have health insurance may be watching, open enrollment just started, which means that those who did not take advantage of the marketplaces the first time around, they’ve got another chance to sign up for affordable health care; they may be eligible for a tax credit.

So far, there were over half a million successful logins on the first day.Healthcare.gov works really well now — 1.2 million people using the window-shopping function since Sunday.There were 23,000 applications completed in just the first eight hours, and tens of thousands more throughout the day.

Health care is working.More than 10 million people have already gotten health insurance; millions more are eligible.And contrary to some of the predictions of the naysayers, not only is the program working, but we’ve actually seen health care inflation lower than it’s been in 50 years, which is contributing to us reducing the deficit, and has the effect of making premiums for families lower that they otherwise would have been if they have health insurance.

All right?Kristen Welker.

Q Thank you, Mr. President.I’d like to ask you again about Syria.When you were recently asked about the U.S. campaign against ISIS, you said, “It’s too early to say whether we are winning.”You went on to say, “This is going to be a long-term plan.”There are now reports that you have ordered a review of your entire Syria policy.So I’d like to put the question to you today:Are you currently recalibrating your policy in Syria?And does that include plans to remove President Bashar al-Assad?And was it a miscalculation not to focus on the removal of Assad initially?Thank you.

PRESIDENT OBAMA:We have a weekly meeting with my CENTCOM Commander, with the Chairman of the Joint Chiefs, with all our diplomatic personnel related to the region, as well as my national security team, and Secretary of State and Secretary of Defense, intelligence teams, to assess what kind of progress are we making both in Iraq and in Syria with respect to ISIL.And I will be having weekly meetings as long as this campaign lasts, because I think it’s very important for us to get it right.

We have not had a comprehensive review of Syria.We’ve had a comprehensive review of what are we doing each and every week — what’s working, what’s not.Some of it is very detailed at the tactical level.Some of it is conceptual.We continue to learn about ISIL — where its weaknesses are; how we can more effectively put pressure on them.And so nothing extraordinary, nothing formal of the sort that you describe has taken place.

Certainly no changes have taken place with respect to our attitude towards Bashar al-Assad.And I’ve said this before, but let me reiterate:Assad has ruthlessly murdered hundreds of thousands of his citizens, and as a consequence has completely lost legitimacy with the majority of the country.For us to then make common cause with him against ISIL would only turn more Sunnis in Syria in the direction of supporting ISIL, and would weaken our coalition that sends a message around the region this is not a fight against Sunni Islam, this is a fight against extremists of any stripe who are willing to behead innocent people or kill children, or mow down political prisoners with the kind of wanton cruelty that I think we’ve very rarely seen in the modern age.

And so we have communicated to the Syrian regime that when we operate going after ISIL in their air space, that they would be well-advised not to take us on.But beyond that, there’s no expectation that we are going to in some ways enter an alliance with Assad.He is not credible in that country.
Now, we are looking for a political solution eventually within Syria that is inclusive of all the groups who live there — the Alawite, the Sunni, Christians.And at some point, the people of Syria and the various players involved, as well as the regional players — Turkey, Iran, Assad’s patrons like Russia — are going to have to engage in a political conversation.

And it’s the nature of diplomacy in any time, certainly in this situation, where you end up having diplomatic conversations potentially with people that you don’t like and regimes that you don’t like.But we’re not even close to being at that stage yet.

Q But just to put a fine point on it — are you actively discussing ways to remove him as a part of that political transition?

PRESIDENT OBAMA:No.

Major Garrett.

Q Thank you, Mr. President.As you well know, the continuing resolution expires on December 11th.Many things you’ve talked about on this trip are related to that:funding for coalition operations in Iraq and Syria, the Ebola outbreak, not to mention day-to-day government operations.What are the odds the country will see itself in a shutdown scenario?How much do you fear the government will shut down?And to what degree does your anxiety about this or your team’s anxiety about this influence the timing of your decision on immigration and executive action?

PRESIDENT OBAMA:I take Mitch McConnell at his word when he says that the government is not going to shut down.There is no reason for it to shut down.We traveled down that path before.It was bad for the country, it was bad for every elected official in Washington.And at the end of the day, it was resolved in the same way that it would have been resolved if we hadn’t shut the government down.So that’s not going to be productive, and I think that Leader McConnell and Speaker Boehner understand that.

But this goes to a broader point that I’ve made previously and I’ll just reiterate:It is in the nature of democracy that the parties are going to disagree on certain issues.And in our system, because we don’t have a parliamentary system, it means that you can have a Congress of one party and a President of another, and they disagree on some really fundamental issues.And the question then is, how do you deal with that?Well, the sensible way to deal with it is to say here are the issues we don’t agree on, and we’ll fight like heck for our position and then we’ll work together on the issues that we do agree on.And that’s how it’s always been; that’s how it was with Ronald Reagan when he was dealing with a Democratic Congress.There was no — at no point did the Democrats say, well, because we don’t agree with Ronald Reagan on X,Y,Z issue, then we can’t work with him on Social Security reform or tax reform or other issues.He said, okay, we’ll fight on that, we’ll join together on that, and as a consequence the co
ntry will make progress.

And I would expect that same attitude in this instance.I understand that there are members of the Republican Party who deeply disagree with me and law enforcement and the evangelical community and a number of their own Republican colleagues about the need for immigration reform, I get that.And they’ve made their views clear and there’s nothing wrong with them arguing their position and opposing legislation.But why they would then decide we’re going to shut down the government makes about as much sense as my decision to shut down the government if they decide to take a vote to repeal health care reform for the — is it 53rd or 55th time?I mean, I understand that there’s a difference there, but let’s keep on doing the people’s business.

Q Does the shutdown anxiety in any way affect your timing at all on immigration action?

PRESIDENT OBAMA:No, I think the main concern I have is making sure that we get it right, and that’s what we’re focused on at this point, because any executive action that I take is going to require some adjustments to how DHS, the Department of Homeland Security, operates where it’s deploying resources, et cetera; how are folks processed; what priorities are set up.And so I want to make sure that we’ve crossed all our T’s and dotted all our I’s — that that’s my main priority.

And we are going to close with Jim Avila.

Q Thank you, Mr. President.Following up on immigration — in 2010, when asked by immigration reform advocates to stop deportations and act alone on providing legal status for the undocumented, you said, “I’m President, I’m not king.I can’t do these things just by myself.”In 2013, you said, “I’m not the emperor of the United States.My job is to execute laws that are passed.”Mr. President, what has changed since then?And since you’ve now had a chance to talk since July with your legal advisors, what do you now believe are your limits so that you can continue to act as President and not as emperor or king?

PRESIDENT OBAMA:Well, actually, my position hasn’t changed.When I was talking to the advocates, their interest was in me, through executive action, duplicating the legislation that was stalled in Congress.And getting a comprehensive deal of the sort that is in the Senate legislation, for example, does extend beyond my legal authorities.There are certain things I cannot do.There are certain limits to what falls within the realm of prosecutorial discretion in terms of how we apply existing immigration laws.

And what we’ve continued to do is to talk to Office of Legal Counsel that’s responsible for telling us what the rules are, what the scope of our operations are, and determining where it is appropriate for us to say we’re not going to deport 11 million people.On the other hand, we’ve got severe resource constraints right now at the border not in apprehending people, but in processing and having enough immigration judges and so forth.And so what’s within our authority to do in reallocating resources and reprioritizing since we can’t do everything.And it’s on that basis that I’ll be making a decision about any executive actions that I might take.

I will repeat what I have said before:There is a very simple solution to this perception that somehow I’m exercising too much executive authority.Pass a bill I can sign on this issue.If Congress passes a law that solves our border problems, improves our legal immigration system, and provides a pathway for the 11 million people who are here working in our kitchens, working in farms, making beds in hotels, everybody knows they’re there, we’re not going to deport all of them.We’d like to see them being able, out in the open, to pay their taxes, pay a penalty, get right with the law.Give me a bill that addresses those issues — I’ll be the first one to sign it and, metaphorically, I’ll crumple up whatever executive actions that we take and we’ll toss them in the wastebasket, because we will now have a law that addresses these issues.

Q But in those five months, sir, since you said you were going to act, have you received the legal advice from the Attorney General about what limits you have -–

PRESIDENT OBAMA:Yes.

Q — and what you can do?

PRESIDENT OBAMA:Yes.

Q And would you tell us what those are?

PRESIDENT OBAMA:No.(Laughter.)I will tell them when I make the announcement.But it’s a good try, though.That was a good angle.(Laughter.)Jim and I go way back, although he was famous, I was not.He used to be a broadcaster in Chicago, so I used to watch him on TV.You’ve aged a little better than I have.(Laughter.)

All right.The people of Australia, thank you again for your wonderful hospitality.(Applause.)

END
4:51 P.M. AEST

Political Musings November 13, 2014: Obama to announce immigration reform executive actions next week, ignores GOP

POLITICAL MUSINGS

http://historymusings.files.wordpress.com/2013/06/pol_musings.jpg?w=500&h=80?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Obama to announce immigration reform executive actions next week, ignores GOP

By Bonnie K. Goodman

The New York Times on Thursday, Nov. 13, 2014 was the first to announce that President Barack Obama is planning to take executive action on immigration next week. While Fox News reported that it would include a 10-point plan…READ MORE

Full Text Obama Presidency November 7, 2014: President Barack Obama’s Remarks Before Meeting with Congressional Leadership

POLITICAL TRANSCRIPTS

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Remarks by the President Before Meeting with Congressional Leadership

Source: WH, 11-7-14 

Old Family Dining Room

12:52 P.M. EST

THE PRESIDENT:  Well, I want to thank the leadership of both the House and the Senate for being here for this lunch, post-election.  As I said the other night, obviously Republicans had a good night, and I’ve congratulated both Mitch McConnell as well as Speaker Boehner for running very strong campaigns.

As I also said the day after the election, what we’ve seen now for a number of cycles is that the American people just want to see work done here in Washington.  I think they’re frustrated by the gridlock.  They’d like to see more cooperation.  And I think all of us have the responsibility, me in particular, to try to make that happen.  And so this gives us a good opportunity to explore where we can make progress on behalf of the people who sent us here.

The good news is, today we saw another good set of jobs numbers.  We’ve now had 56 consecutive months of job growth; more than 10.6 million jobs have been created.  And the unemployment rate now is down to 5.8 percent.

So business is out there investing, hiring.  The economic indicators are going in the right direction.  As I travel to Asia for the G20 Summit, I’m going to be able to say that we’ve actually created more jobs here in the United States than every other advanced country combined.  And they notice that we’re doing something right here.  But what we also know is that the American people are still anxious about their futures, and that means that what we can do together to ensure that young people can afford college; what we can do together to rebuild our infrastructure so we’re competitive going forward; what we can do together to make sure that we’ve got a tax system that is fair and simple, and unleashes the dynamism of the economy; what we can do together to make sure that we keep the progress that we’ve been making in reducing the deficit while still making the investments we need to grow.

Those are all going to be areas where I’m very interested in hearing and sharing ideas.  And then the one thing that I’ve committed to both Speaker Boehner and Leader McConnell is that I am not going to judge ideas based on whether they’re Democratic or Republican; I’m going to be judging them based whether or not they work.  And I’m confident that they want to produce results, as well, on behalf of the American people.

So I appreciate their graciousness in coming here.  And I’m very much looking forward to giving them some updates on progress we’ve been making on issues like Ebola and ISIL.  There’s going to be some specific work that has to get done during the next several weeks before the new Congress commences.  And my hope is, is that even as we enter into a new Congress, the previous Congress has the opportunity still to make progress on a whole bunch of fronts, and I’m confident we can get that done.

So thank you again.

Q    Have you made a decision on an Attorney General, Mr. President?

THE PRESIDENT:  You’re going to be the first to find out, Major, along with everybody else.

Thank you, everybody.

END
12:56 P.M. EST

Political Musings November 7, 2014: Boehner warns Obama he would be “burned” for immigration reform executive action

POLITICAL MUSINGS

http://historymusings.files.wordpress.com/2013/06/pol_musings.jpg?w=500&h=80?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Boehner warns Obama he would be “burned” for immigration reform executive action

By Bonnie K. Goodman

Speaker of the House John Boehner, R-OH on Thursday, Nov. 6, 2014 had his turn to speak out on the Republican Party regaining control and adding more seats to the Republican majority in the House. The real focus however…READ MORE

Political Musings November 6, 2014: Ever defiant Obama knocks down McConnell olive branch vows executive actions

POLITICAL MUSINGS

http://historymusings.files.wordpress.com/2013/06/pol_musings.jpg?w=500&h=80?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Ever defiant Obama knocks down McConnell olive branch vows executive actions

By Bonnie K. Goodman

President Barack Obama held his first post-midterm elections press conference in the White House East Room on Wednesday, Nov. 5, 2014. The president said he heard voters after his Democratic Party’s historic losses, but with his…READ MORE

Political Musings October 31, 2014: Obama celebrates Halloween with devilish cake, White House trick-or-treat party

POLITICAL MUSINGS

http://historymusings.files.wordpress.com/2013/06/pol_musings.jpg?w=500&h=80?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

President Barack Obama along with First Lady Michelle Obama on Friday, Oct. 31, 2014 hosted trick-or-treaters at the White House, the treats however, were not as health conscious as the First Lady usually advocates. President Obama was so…READ MORE

Political Musings October 27, 2014: Why are Ebola health care workers purposely trying to spread the disease in US?

POLITICAL MUSINGS

http://historymusings.files.wordpress.com/2013/06/pol_musings.jpg?w=500&h=80?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Why are Ebola health care workers purposely trying to spread the disease in US?

By Bonnie K. Goodman

The first case of Ebola in New York was made official on Thursday Oct. 23, 2014, with the positive test of a Doctors Without Borders doctor Craig Spencer, 33 who had just returned from Guinea a week before. His diagnosis…READ MORE

Political Musings October 19, 2014: Obama rules out West Africa Congressionally supported travel ban over Ebola

POLITICAL MUSINGS

http://historymusings.files.wordpress.com/2013/06/pol_musings.jpg?w=500&h=80?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

OP-EDS & ARTICLES

Obama rules out West Africa Congressionally supported travel ban over Ebola

By Bonnie K. Goodman

This past week as the Ebola was spreading in health care workers who treated Liberian Thomas Eric Duncan, and the Obama Administration, and the Center for Disease Control’s (CDC) responses where criticized, President Barack Obama…READ MORE

Full Text Obama Presidency October 8, 2014: President Barack Obama’s Remarks at the Pentagon on the Fight Against ISIS and Ebola Crisis — Transcript

POLITICAL TRANSCRIPTS

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Remarks by the President at the Pentagon

Source: WH, 10-8-14

The Pentagon
Washington, D.C.

4:20 P.M. EDT

THE PRESIDENT:  Good afternoon, everybody.  I want to thank Secretary Hagel, Deputy Secretary Work, Chairman Dempsey, Vice Chairman Winnefeld, and all the outstanding leaders who are here today.  This is a periodic check-in that I have with not only our service commander but also our COCOMs.  And I thought, although usually we do this over the White House, now was a good time for me to come over to the Pentagon and have an opportunity to hear from our top military about the work that they’re doing.

And I’ve said this before and I want to repeat:  We put enormous burdens and enormous strains on our men and women of the armed forces, and each and every time, the members of our armed services, our troops perform in exemplary fashion.  I think at a time when there’s so much turbulence in the world, never during my presidency has it become more apparent how good our military is, but also how they can tackle a wide range of problems and not just a narrow set of problems.  It’s not just the finest military in the history of the world, it’s also just one of the best organizations we’ve ever seen at doing a whole bunch of different stuff.

And so I expressed my gratitude to the leadership, but also asked them to express to those under their command the thanks of the American people.

We had an opportunity to talk about ISIL and the campaign there.  After this meeting, we’ll have a National Security Council meeting in which General Lloyd Austin, who’s leading Central Command, will further brief us on the progress that’s been made by the coalition there.

Our strikes continue alongside our partners.  It remains a difficult mission.  As I’ve indicated from the start, this is not something that is going to be solved overnight.  The good news is, is that there is a broad-based consensus not just in the region but among nations of the world that ISIL is a threat to world peace, security and order, that their barbaric behavior has to be dealt with.  And we’re confident that we will be able to continue to make progress in partnership with the Iraqi government, because ultimately it’s going to be important for them to be able to, with our help, secure their own country and to find the kind of political accommodations that are necessary for long-term prosperity in the region.

We had a chance to talk about the fight against Ebola, and I got a briefing from General Rodriguez.  Our military is essentially building an infrastructure that does not exist in order to facilitate the transport of personnel and equipment and supplies to deal with this deadly epidemic and disease.  And we are doing it in a way that ensures our men and women in uniform are safe.  That has been my top priority, and I’ve instructed folks we’re not going to compromise the health and safety of our armed services.

But what’s true is, we have unique capabilities that nobody else has.  And as a consequence of us getting in early and building that platform, we’re now able to leverage resources from other countries and move with speed and effectiveness to curb that epidemic.

We had a discussion about global security generally, including the work that, with General Breedlove, we’re doing at NATO to mobilize Europe around the increased threats posed by Russian aggression in Ukraine and against some of its neighbors. We had a very successful meeting in Wales that showed the commitment from all 28 NATO countries to redouble the reassurance they can provide to frontline states to invest further in the joint capabilities that are necessary.  And I very much appreciate the leadership that General Breedlove has shown on that front.

And I got a chance to get a briefing from Admiral Locklear of the Pacific Command about the ongoing both challenges and opportunities in the Pacific.  It’s been noted that our alliances in that area have never been stronger.  We are very much welcomed as a Pacific power in the region.  And our ability to continue to maintain a presence that ensures freedom of navigation, that international law is observed is going to be critically important.  And we need to do that in a way that also reflects our interest in cooperation and effective communication with China, which obviously is a major player in the region.

But the anchor of our presence there, our treaties and alliances with key countries like South Korea and Japan, obviously remain critically important.  And thanks to the work of some of the gentlemen sitting around this table and their staffs, those alliances have never been in better shape.

Finally, we had a chance to talk briefly about defense budget and reforms.  We have done some enormous work, and I want to thank everybody sitting around this table to continue to make our forces leaner, meaner, more effective, more tailored to the particular challenges that we’re going to face in the 21st century.

But we also have to make sure that Congress is working with us to avoid, for example, some of the Draconian cuts that are called for in sequestration, and to make sure that if we’re asking this much of our armed forces, that they’ve got the equipment and the technology that’s necessary for them to be able to succeed at their mission, and that we’re supporting their families at a time when, even after ending one war and winding down another, they continue to have enormous demands placed on them each and every day.

So I want to thank everybody around this table.  A special thank-you to General Austin for the enormous amount of work that’s been done by CENTCOM in what is a very challenging situation.  We very much appreciate him.  I want to thank General Rodriguez for the great work in standing up our operations in West Africa.

And finally, I want to say publicly a hearty thank you to Jim Amos, who somewhere between eight to 10 days from now — (laughter) — will be retiring from his command.  He is the 35th Commandant of the Marine Corps, the first aviator to command our Marine Corps.  I know that he could not be prouder of the men and women under his command.  They continue to make us proud.  They certainly make him proud.  We want to thank him and Mrs. Amos and the entire family for the great service that they’ve rendered to our country.

So thank you very much.  (Applause.)

END4:29 P.M. EDT

Full Text Obama Presidency October 6, 2014: President Barack Obama’s Remarks After Meeting on Ebola Announcing Airport Screening — Transcript

POLITICAL TRANSCRIPTS

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Remarks by the President After Meeting on Ebola

Source: WH, 10-6-14 

Roosevelt Room

4:04 P.M. EDT

THE PRESIDENT:  Good afternoon, everybody.  I just had an opportunity to get a full briefing from my entire team across administrations — across agencies on the aggressive steps that we are taking to fight the Ebola epidemic, to stop the epidemic at its source in West Africa but also to make sure that we are doing everything we need to do to prevent an outbreak here in the United States.

As I’ve said from the start of this outbreak, I consider this a top national security priority.  This is not just a matter of charity — although obviously the humanitarian toll in countries that are affected in West Africa is extraordinarily significant.  This is an issue about our safety.  It is also an issue with respect to the political stability and the economic stability in this region.

And so it is very important for us to make sure that we are treating this the same way that we would treat any other significant national security threat.  And that’s why we’ve got an all-hands-on-deck approach — from DOD to public health to our development assistance, our science teams — everybody is putting in time and effort to make sure that we are addressing this as aggressively as possible.

I know that the American people are concerned about the possibility of an Ebola outbreak, and Ebola is a very serious disease.  And the ability of people who are infected who could carry that across borders is something that we have to take extremely seriously.  At the same time, it is important for Americans to know the facts, and that is that because of the measures that we’ve put in place, as well as our world-class health system and the nature of the Ebola virus itself — which is difficult to transmit — the chances of an Ebola outbreak in the United States is extremely low.

Procedures are now in place to rapidly evaluate anybody who might be showing symptoms.  We saw that with the response of the airplane in Newark and how several hospitals across the United States have been testing for possible cases.  In recent months we’ve had thousands of travelers arriving here from West Africa, and so far only one case of Ebola has been diagnosed in the United States, and that’s the patient in Dallas.  Our prayers are obviously with him and his family.

We have learned some lessons, though, in terms of what happened in Dallas.  We don’t have a lot of margin for error.  The procedures and protocols that are put in place must be followed.  One of the things that we discussed today was how we could make sure that we’re spreading the word across hospitals, clinics, any place where a patient might first come in contact with a medical worker to make sure that they know what to look out for, and they’re putting in place the protocols and following those protocols strictly.  And so we’re going to be reaching out not only to governors and mayors and public health officials in states all across the country, but we want to continue to figure out how we can get the word out everywhere so that everybody understands exactly what is needed to be done.

Meanwhile, at the federal level, we’re constantly reviewing and evaluating the measures that we already have in place to see if there are additional improvements.  We continue to look at any additional steps that can be taken to make sure that the American people are safe, which is our highest priority.

And finally, we had a discussion about what we’re doing on site in West Africa.  There’s been already extraordinary work done by the Department of Defense in conjunction with the CDC in standing up isolation units and hospital beds.  We are making progress.  The environment is difficult because the public health system there has very few resources and is already extraordinarily fragile.

And I’ll be very honest with you — although we have seen great interest on the part of the international community, we have not seen other countries step up as aggressively as they need to.  And I said at the United Nations, and I will repeat, that this is an area where everybody has to chip in and everybody has to move quickly in order for us to get this under control.  Countries that think that they can sit on the sidelines and just let the United States do it, that will result in a less effective response, a less speedy response, and that means that people die, and it also means that the potential spread of the disease beyond these areas in West Africa becomes more imminent.

So I’m going to be putting a lot of pressure on my fellow heads of state and government around the world to make sure that they are doing everything that they can to join us in this effort.  We’ve got some small countries that are punching above their weight on this, but we’ve got some large countries that aren’t doing enough.  And we want to make sure that they understand that this is not a disease that’s going to discriminate, and this is something that all of us have to be involved in.

So the bottom line is, is that we’re doing everything that we can to make sure, number one, that the American people are safe; I’m confident that we’re going to be able to do that.  But we’re also going to need to make sure that we stop this epidemic at its source.  And we’re profoundly grateful to all our personnel — our medical personnel, our development personnel, our military personnel who are serving in this effort.  It’s because of their professionalism, their dedication and their skill that we are going to be able to get this under control, but this is a faraway place, with roads that in many cases are impassable, areas that don’t have even one hospital.  We’re having to stand up, essentially, a public health infrastructure in many of these areas that haven’t had it before, and that requires an enormous amount of effort.

I’m very grateful for the people who are on the front lines making this work.  It’s a reminder once again of American leadership.  But even with all the dedicated effort that our American personnel are putting in, there are going to be — they need to be joined by professionals from other countries who are putting up similar effort and similar resources.  And so I hope they’re going to be paying attention over the next several weeks so we can get on top of this.

Thank you.

Q    What do you say to the American people who remain nervous in spite of your assurances?

THE PRESIDENT:  Well, I just explained to them that the nature of this disease — the good news is, is that it’s not an airborne disease.  We are familiar with the protocols that are needed to isolate and greatly reduce the risks of anybody catching this disease, but it requires us to follow those protocols strictly, and that’s exactly what we are in the process of doing.  And the CDC is familiar with dealing with infectious diseases and viruses like this.  We know what has to be done and we’ve got the medical infrastructure to do it.  But this is an extraordinarily virulent disease when you don’t follow the protocols.

And so the key here is just to make sure that each step along the way — whether it’s a hospital admissions desk, whether it is the doctors, the nurses, public health officials — that everybody has the right information.  If they have the right information and they’re following those protocols, then this is something that we’re going to be able to make sure does not have the kind of impact here in the United States that a lot of people are worried about.  But that requires everybody to make sure that they stay informed.  Most particularly, we’ve got to make sure that our health workers are informed.

We’re also going to be working on protocols to do additional passenger screening, both at the source and here in the United States.  All of these things make me confident that here in the United States, at least, the chances of an outbreak, of an epidemic here are extraordinarily low.

But let’s keep in mind that, as we speak, there are children on the streets dying of this disease — thousands of them.  And so obviously my first job is to make sure that we’re taking care of the American people, but we have a larger role than that.  We also have an obligation to make sure that those children and their families are safe as well, because ultimately the best thing we can do for our public health is also to extend the kind of empathy, compassion and effort so that folks in those countries as well can be rid of this disease.

Thank you very much, everybody.

Q    Are you looking to the private sector –

THE PRESIDENT:  A lot of volunteering.  Thank you, everybody.

END
4:15 P.M. EDT

Full Text Obama Presidency October 3, 2014: President Barack Obama’s Town Hall on Manufacturing at Millennium Steel — Transcript

POLITICAL TRANSCRIPTS

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Remarks by the President at a Town Hall on Manufacturing

Source: WH, 10-3-14 

Millennium Steel
Princeton, Indiana

2:17 P.M. CDT

THE PRESIDENT: Hello, everybody! Hello, Indiana! It’s good to be back close to home. Everybody have a seat, have a seat.

Well, first of all, let me thank Henry and everybody for extending such a warm welcome. It’s good to be back in Indiana. A couple people I just want to acknowledge very quickly: Your Mayor, Bob Hurst. Where did Mayor Hurst go? (Applause.) He was here just a second — there he is right there. Give him a big round of applause. (Applause.) We’ve got your former Congressman, Brad Ellsworth, in the house. Say hi to Brad. (Applause.)

It is great to be back in Indiana. It’s great to be in Princeton. And I want to thank Millennium Steel for hosting us here today. I’m here because you might have heard that today is National Manufacturing Day. You don’t get the day off on National Manufacturing Day. (Laughter.) But factories like this one, all over the country, are opening their doors to give young people a chance to understand what opportunities exist in manufacturing in 21st century in the United States of America. So I figured, what better place to celebrate Manufacturing Day than with a manufacturer?

And instead of giving a long speech, what I want to do today is just have a conversation with folks about what’s happening in the American economy, what’s happening in your lives, what’s happening in manufacturing, and to talk a little bit about how we can continue to build an economy that works for everybody, that gives everybody who’s willing to work hard a chance.

And I wanted to do that here because, in some ways, American manufacturing is powering the American recovery. This morning, we learned that last month, our businesses added more than 236,000 jobs. (Applause.) The unemployment rate fell from 6.1 percent to 5.9 percent. (Applause.) What that means is that the unemployment rate is below 6 percent for the first time in six years. (Applause.) And we’re on pace for the strongest job growth since the 1990s — strongest job growth since the 1990s. Over the past 55 months, our businesses have now created 10.3 million new jobs. (Applause.)

Now, that happens to be the longest uninterrupted stretch of job growth in the private sector in American history. And all told, the United States has put more folks back to work than Europe, Japan, and all other advanced economies combined. All combined, we put more folks back to work right here in the United States of America. (Applause.)

So this progress that we’ve been making, it’s been hard, it goes in fits and starts, it’s not always been perfectly smooth or as fast as we want, but it is real and it is steady and it is happening. And it’s making a difference in economies all across the country. And it’s the direct result of the best workers in the world, the drive and determination of the American people, the resilience of the American people bouncing back from what was the worst financial crisis since the Great Depression — and it’s also got a little bit to do with some decisions we made pretty early on in my administration.

So, just to take an example, many of you know that the auto industry was really in a bad spot when I came into office. And we decided to help our automakers to rebuild, to retool, and they’re now selling new cars at the fastest rate in about eight years. And they’re great cars, too. (Applause.) And that’s helped a lot of communities all across the Midwest. And that’s just one example of what’s been happening to American manufacturing generally.

About 10, 15 years ago, everybody said American manufacturing is going downhill, everything is moving to China or other countries. And the Midwest got hit a lot harder than a lot of places because we were the backbone of American manufacturing. But because folks invested in new plants and new technologies, and there were hubs that were created between businesses and universities and community colleges so that workers could master and get trained in some of these new technologies, what we’ve now seen is manufacturing driving economic growth in a way we haven’t seen in about 20-25 years.

Because of the efforts that we’ve made, manufacturing as a whole has added about 700,000 new jobs. It’s growing twice as fast as the rest of the economy. New factories are opening their doors. More than half of manufacturing executives have said they’re actively looking to bring jobs back from China. Our businesses are selling more goods overseas than any time in our history. And the reason this is important is not just because of some abstract statistic. Manufacturing jobs have good pay and good benefits.

And they create a ripple effect to the whole economy because everybody who’s working here at Millennium Steel, because you’re getting paid well, because you’ve got decent benefits, that means that the restaurants in the neighborhood are doing better. It means you can afford to make your mortgage payments and buy a new car yourself, and buy some new appliances. And you get a virtuous cycle in which all businesses are doing better.

To most middle-class folks, the last decade was defined by those jobs going overseas. But if we keep up these investments, then we can define this decade as a period, instead of outsourcing, insourcing — bringing jobs back to America. And when you ask business executives around the world, what’s the number-one place to invest their money right now, for a long time it was China. Today they say, the best place to invest money is here in the United States of America. Here in the United States of America. (Applause.)

So there is a lot of good stuff happening in the economy right now. But what we all know is, is that there’s still some challenges — there’s still some challenges — because there are still a lot of families where somebody in the family is out of work, or isn’t getting as many hours as they want. There are still a lot of folks who, at the end of the month, are having trouble paying the bills. And wages and incomes have not moved up as fast as all the gains we’re making in jobs and productivity. Too much of the growth in income and wealth is going to the very top; not enough of it is being spread to the ordinary worker.

And that means that we’ve still got some more work to do to put in place policies that make sure that the economy works not just for the few, but it works for everybody; and that if you work hard you’re going to be able to pay the bills, you’re going to be able to retire with some dignity and some respect, you can send your kids to school without having to worry about it. That’s what we’ve got to be working on — making sure that no matter who you are, where you started, you can make it here in America. That’s what the American Dream is all about. (Applause.)

Now, let me just close by saying a couple of things that I know would make a difference if we were doing them right now to make the economy grow even faster, to bring the unemployment rate down even faster, and if employers are hiring more workers and the labor market gets a little bit tighter, then employers end up paying a little bit more and wages go up a little bit more, and that means people have a little more money in their pockets, and then they’re spending more of it on businesses’ products and services, which means that even more workers get hired. There are some things we could do right now that would make a difference.

We should be investing in roads and bridges and ports and infrastructure all across the country. We’ve got a lot of stuff that was built back in the ‘40s and the ‘50s that needs to be updated. And if we’re putting construction workers back to work, that means they also need some steel. They also need some concrete. It means you need engineers doing the work, and you need suppliers. And all that would give a huge boost to the economy and make it easier for businesses to deliver their products and services around the world. It would be good for our economy. That’s something that we should be doing right now.

And I’ve been putting proposals forward in front of Congress to say let’s go ahead and just start rebuilding all kinds of parts of America that need rebuilding. And nobody disagrees that they need to be rebuilt. The only thing that’s holding us up right now is politics.

We should be raising the minimum wage to make sure that more workers — (applause) — who have been working full-time shouldn’t be living in poverty. And we’ve got legislation going on right now that would call for a minimum wage of $10.10 an hour, which would mean that if you work full-time you’re not living in poverty, you can raise a family. And the good news is, is about 13 states and a bunch of cities around the country have gone ahead and done it without Congress. But it would sure help if Congress went ahead and did it as well. Because right now, since I, two years ago, called for a hike in the minimum wage, about 7 million people have seen their incomes go up, but there are still about 21 million people who would stand to benefit if we had a national minimum wage.

And by the way, when you hear folks saying, well, if you raise the minimum wage that’s going to be fewer jobs — it turns out the states that have raised the minimum wage have had faster job growth than the states that haven’t raised the minimum wage. So this is something that would benefit families, but again, if folks have more money in their pockets, they’re working hard, they go out and spend it. And that ends up being good for business, not just for the workers involved.

We should be making sure that women are getting paid the same as men for doing the same work. (Applause.) That’s something, by the way, that should be a no-brainer for men, too, because — (laughter) — I remember when Michelle and I were both working, I was always happy if she got a raise. I wanted to make sure that she was getting paid fairly because it’s all one household, and the more women that get into the workforce, the more families are reliant on two incomes in order to make ends meet. Plus it’s just fair and it’s the right thing to do. (Applause.)

So there are a number of steps that we can take to make unemployment go down faster, to make sure that wages are rising faster, and that would benefit everybody. And I’ll just close with this comment. If you look at American history, the times we grow fastest and do best is when we’re growing the economy from the middle out. When middle-class families are growing, when working folks can get their way into the middle class, that’s when the whole economy does well. When you have an economy where just a few are doing well, and a lot of other folks are left, no matter how hard they work, still just scraping to get by, the economy doesn’t get the same kind of momentum.

And if you think about what America is about, what the American Dream is about, it’s always been that everybody should have opportunity. It shouldn’t matter how you started out if you’re willing to work hard, if you have good values, if you take responsibility. And that’s the kind of economy that we want to build. And we can build it, and manufacturing is going to be right smack dab in the middle of that effort, we’ve got to continue to build on the success we have. We’re not going to rest on our laurels. We’re going to keep on going until every single person who wants to find a good job out there can get a good job, and that America is competing against everybody else, so that 21st century is the American Century, just like the 20th century was.

All right? (Applause.)

Here is how we’re going to do this. I’m going to just grab this mic. Anybody who wants to ask a question or make a comment just raise your hand. There are probably some folks with mics in the audience. Wait for the mic so everybody can hear you. Stand up, introduce yourself. Try to make your questions kind of short, and I’ll try to make my answers kind of short. That way we can get more folks in. All right? All right. Who wants to go first? Oh, and I’ll go boy, girl, boy, girl — to make sure everybody — (laughter) — it’s kind of fair, kind of even. All right.

This young man right here.

Q Thank you for coming out today, President Obama. I’m with the University of Southern Indiana Manufacturing Club out here –

THE PRESIDENT: Excellent.

Q And my question for you is, can you share some specifics about the Rebuild America Act? I know you talked a little bit about that.

THE PRESIDENT: Well, we have about $2 trillion in deferred maintenance. I don’t have to tell you because some of you have probably hit some potholes and tried to figure out what the heck is going on, why aren’t we fixing that road? But it’s not just the traditional roads and bridges. It’s also the infrastructure we don’t see — sewer systems, water systems. A lot of them are breaking down. Gas lines that we’ve been seeing in some big cities — those things start wearing out, suddenly they actually pose a threat if they explode because they’re just not in good shape.

There’s a whole bunch of new infrastructure that we should be building. So I’ll give you a good example is our electricity grid. The way we transmit power — if we’ve got old electricity grids, what happens is a lot of the electricity leaks, a lot of the power leaks in the transmission from the power plant to, let’s say, a factory like this one. And the more it leaks, the more that’s driving up prices, because it’s not as efficient as it should be and it’s more vulnerable to blackouts.

And in fact, if we built a smarter power grid — that’s called a smart grid — means that not only is it not leaking power, but it’s also sending power in efficient ways during peak times, so that we end up using less energy, which drives down consumer prices and is good for the environment.

I’ll give you one other example that I know everybody here will appreciate. We have an old, archaic air traffic control system. Some of you heard about what happened in Chicago — some guy got mad he was being transferred to Hawaii. Now, let me tell you, I’ve been to Hawaii. I don’t know why he was mad about that. (Laughter.) He sets fire to some of the facilities there, and suddenly folks couldn’t get in and out of Chicago for a couple of days. In fact, I was in Chicago yesterday — day before yesterday. I had to land in Gary because O’Hare was still somewhat restricted.

But even setting aside that, it turns out that if we revamped our whole air traffic control system, we could reduce the number of delayed flights by about 30 percent. We could reduce the amount of fuel that airlines use by about 30 percent, which means we could lower ticket prices by a whole bunch. It means that you wouldn’t have two-hour waits in the airport. And if you’re flying for business, that’s going to save you time and money. If you’re just trying to get home to see your family, it means time spent with family instead of sitting in an airport, buying stuff that’s really expensive. (Laughter.)

The whole economy would be more efficient if we do it. So the good news is it’s the best time for us to rebuild our infrastructure because there are still a lot of construction workers out of work, a lot of contractors — it’s not like they’ve got so much business, which means they can do the work on time, under budget. Interest rates are low. If we spent, let’s say, the next 10 years just saying we’re just going to rebuild all across America, old infrastructure and new infrastructure, then not only would we give the economy a boost right now, but what we’d also do is lay the foundation for even more economic growth in the future.

It’s a smart investment, and we should be doing it. So what I’ve proposed is let’s close some tax loopholes that exist right now that in some cases are incentivizing companies to send money overseas and profits overseas instead of investing here in the United States of America. Let’s close those loopholes that aren’t good for creating jobs here. Let’s take some of that money, let’s use that to rebuild our infrastructure. Makes good sense.

But Congress hasn’t done it yet — not because it’s not a good idea. Infrastructure is not partisan. That’s not Democratic or Republican, that’s just a common-sense thing. Eisenhower built the Interstate Highway System. Lincoln — first Republican President — helped build the Transcontinental Railroad. Traditionally, everybody has been in favor of infrastructure because it powers our economy. It’s part of what made us an economic superpower. We’ve got to get back to that kind of mentality.

All right. Young lady right here.

Q Mr. President, you mentioned an increase to the minimum wage. How do you counter an opinion that increasing employee wages would ultimately increase the selling price of goods and services, thus negating any increase to the employee’s standard of living?

THE PRESIDENT: No, it’s a good question. It’s interesting that if you look at the studies that have been done — first of all, most employers pay more than the minimum wage already. Typically, minimum wage are in certain sectors of the economy. They’re disproportionately women who are getting paid the minimum wage. But unlike what people think, the majority of folks getting paid the minimum wage are adults, many of them supporting families. The average age of somebody getting paid the minimum wage is 35 years old. They’re not 16.

So in those states or where you’ve had one state pass a hike in the minimum wage and the state right next door doesn’t, and you kind of look at what’s happening along the border where you think that people would be kind of influenced — maybe they shop where the prices are cheaper, or businesses would move over to the place where there isn’t a minimum wage — it turns out that actually it doesn’t have that much of an impact. It has an impact on the families. It generally does not have a huge impact in terms of prices, and it doesn’t have — another argument that’s made is folks will hire fewer people because salaries are higher. Well, it turns out actually that’s not generally what happens. It’s just that if everybody has to raise the minimum wage, then everybody adjusts. And in some cases, because of competition, they’re not going to be able to raise their prices.

But you’re getting to a larger point that I think has plagued the American economy for some time, and that is that business has learned how to be really profitable and produce a lot of goods with fewer and fewer workers, partly through automation. And sometimes that does drive down prices. The problem is it also drives down wages. And it’s driven wages down faster, in many cases, than prices.

I mean, if what you’re worried about most is low prices, then presumably we could have everything made in low-wage countries overseas. They’d get shipped back here, but it doesn’t do you any good if a pair of sneakers is really cheap and you don’t have a job. So I think the goal here should be prioritizing — number one, making sure people have work, number two, making sure that that work pays well.

And if people have good jobs and they’re getting paid a decent wage, then businesses are the ones who have to compete for your business. They’re still going to have to keep prices down relatively low because they’re going to have to compete against other businesses. If they raise their prices too much, somebody is going to come in and offer a better deal. And consumers have gotten better, partly because of the Internet. They know what prices are there.

So there’s never been greater competition out there. The problem is right now that all that competition is on the back of workers. Businesses’ profits are through the roof. There was a report this week that showed that corporate balance sheets in America are as strong as they’ve been in history. It’s part of the reason why the stock market is doing great. So it’s not as if companies don’t have some room to pay their workers more. They’re just not doing it. And a greater and greater share has been going to the corporate balance sheet, and less and less of a share is going to workers.

So don’t let folks tell you that companies right now can’t afford to provide their workers a raise. The reason they’re not giving their workers a raise is because, frankly, they don’t have to — because the labor market is still somewhat soft, and people are afraid that if I leave this job I may not find something.

The good news is, as the unemployment rate comes down, there are fewer workers looking for jobs, and that means companies have to start bidding up wages a little bit. The market will take care of some of this. But having a minimum wage that is a little bit higher, that’s also going to help.

Last example I’ll give, by the way, Costco –I assume some folks here shopped at Costco before. Costco has the best prices around, right? Starting salary for a cash register operator — $11.50, maybe it’s $11.35. Starting wage. And by the way, even before the Affordable Care Act, Costco gave everybody health care. But they’ve been growing just as fast as folks who don’t pay the minimum wage and don’t provide health care benefits. Their stock has done great. The difference is they’re spreading more of the profits to their workers, which is good for the economy as a whole. And by the way, when you walk into Costco, everybody is pretty cheerful because they’re feeling like they’re getting a fair deal and that the company cares about them.

All right? Yes.

Q I’m the general manager at Millennium Steel. We’re very honored to have you. One of the questions I had is about the health care costs. We are seeing almost a double-digit increase in health care costs every year. So do you think that trend is going to go down? And what can we do to control that trend?

THE PRESIDENT: I think that’s really interesting. You’re going to have to talk to Henry because — (laughter) — no, no, no, this is serious. The question is whether you guys are shopping effectively enough. Because it turns out that this year, and in fact over the course of the last four years, premiums have gone up at the slowest rate in 50 years. So health care premiums have actually slowed down significantly. And it is having an effect both on businesses and families and the federal debt. Because most of the federal deficit and the federal debt, when folks talk about we’ve got to drive down the debt, we’ve got to do something about the debt — it turns out that most of the federal deficit and the federal debt over the last decade has come from health care costs going up so high, which means Medicare and Medicaid costs start going up. And that’s gobbled up a bigger and bigger share of the federal budget.

Because health care costs are going up much more slowly than expected, so far we anticipate we’re going to save about $188 billion over the next 10 years and reduce health care costs.

So the issue now is what can we do to make sure that you at Millennium are shopping and seeing more competition. Because the only problem with the health care market is sometimes it’s different in different pockets of the country, depending on how many carriers there are. And what we’re trying to do is to make sure that there’s more competition driving down cost when it comes to both the businesses who are trying to buy health care for their employees, but also folks who don’t get health care on the job and are just having to buy it on their own.

That’s part of what the Affordable Care Act is all about. Now, some of you — Affordable Care Act, by the way, is also known as Obamacare. (Applause.) For a while, everybody was saying — sort of using that as kind of an insult. I’m feeling pretty good about it being called Obamacare. I suspect that about five years from now when everybody agrees that it’s working, then they won’t call it Obamacare anymore. (Laughter.) That’s okay.

But part of what we did there is we set up what’s called these marketplaces, these exchanges, where individuals can go online and shop. And as you know, the website was really bad for the first three months. It’s now in really good shape. We’ve signed up 10 million people to get health coverage many times for the first time. And we’re giving them tax credits to help lower the cost even more. But we’re also setting up a network for businesses to be able to shop for health insurance.

And what’s happened — I talked about this yesterday — right now on average across America — so it may not be true in every single market, but across America, on average, premiums have — if it had not been for this drop in health care inflation, premiums would probably be about $1,800 higher per family than they actually have turned out to be. Now, you think about that — $1,800, that’s money that’s in your pocket that otherwise would be going to you paying for your health care premiums. That’s like an $1,800 tax cut for every family that’s got health insurance. And that’s good news. But we’ve got to make sure everybody takes advantage of it.

So I’m going to make sure — are you in charge of buying health care? You are? All right, so what I’m going to do is I’m going to make sure that you talk to some of our health care market folks. I bet we can get you a better deal. All right? We’ll see if we can save you a little money. (Applause.)

All right. Young lady right here in the jacket.

Q Good afternoon. My name is Conner Perry (ph). I’m in the 8th grade at the Lexington School in Lexington, Kentucky.

THE PRESIDENT: Well, it’s so nice to meet you.

Q Thank you.

THE PRESIDENT: How old are you — you’re in 8th grade, so you’re just tall and pretty, just like Malia and Sasha. There you go.

Q I was wondering, what are some actions we could take to put people in rural America to work?

THE PRESIDENT: That’s a great question. You know, the rural economy has actually done extremely well compared to the rest of the economy over the last couple of years. The main reason for it — first of all, we’ve got the best farmers in the world and we’re the most productive agricultural system in the world. So we just — our crops are really good and we produce a lot. And the weather has been pretty decent. I just talked to my friend — where is Scates? There he is. Good buddy of mine — the Scates farm over on Illinois side. He said best crops he’s seen in a while — right? Ever. So that’s the good news.

But what’s also helped is that we have increased our agricultural exports, sending our outstanding products overseas at a record pace. And I should introduce, by the way, Secretary of Commerce Penny Pritzker is right here. That’s Penny. (Applause.) And one of Penny’s most important jobs is going around the world and trying to open up new markets for agricultural goods. One of our biggest exports.

And so we’ve got to keep on making sure that if we have the best crops, the best products at the lowest price that we can get into these markets. A lot of countries protect their markets and their farmers from competition by closing their markets — even though they’re selling stuff to us. And my general attitude about trade, I’m a big believer in trade, but my attitude is it’s got to be two-way. If we’re going to buy your cars, or we’re going to buy your TV sets, or whatever else you’re selling, then you’ve got to be able to buy American wheat and corn and beans. And Penny has done a terrific job. And that’s part of the reason why we’ve seen record exports. And that helps the agricultural economy.

That’s number one. But number two, we’ve also got to diversify the rural economy so it’s not just dependent on agriculture. And that means, for example, investing in things like biofuels and clean energy. We are at the threshold of being able to create new energy sources out of not just crops that we grow — corn and ethanol — but also stuff that we usually throw away, like the corn stalks instead of the corn. And the more we invest in biofuels, clean energy, that can make a big difference in the rural economy.

So that’s another area where we can make progress. And then the rural economy should — just like here in Princeton, we’ve got to make sure that we are offering up opportunities for manufacturers to come back in to look at some of these rural sites, where you know the people there work hard and quality of life is high, but oftentimes international investors don’t know about some of these rural communities. And so Penny has been helping to advertise. We’ve got a whole program called SelectUSA where we go around and we help towns, mayors, county chairmen, local chambers of commerce invite investors from Japan and Singapore and Germany — come invest here in the United States of America.

Because what you want is an economy that isn’t just relying on one thing, but it has a bunch of different components to it, so that if, say, you have a bad crop one year the whole economy of that area doesn’t just collapse. And that can make a big difference.

But if we’re going to be able to attract investment into rural America, there are at least two things that have to happen. Number one, we’ve got to invest in education to make sure that the young people in rural America have the skills for today’s jobs. And that includes not just K through 12, but also community colleges — which are really a crown jewel — community colleges can be so powerful in just training folks — they may not go to a four-year college, but if they can get some technical training they’re suddenly ready for that job. And that is really attractive to investors. If they know they’ve got good workers in a site, that’s one of the most important things they’re looking for.

And the second thing is the thing I talked about earlier, which is infrastructure. Part of the problem with rural communities is they’re a little more isolated. All the more important, then, that our rail, our roads, our airports, that they all work, and that they’ve got broadband connections and Internet connections in order to make sure that they can access international markets.

All right? Great question. All right, it’s a gentleman’s turn. Right here. Right here in front.

Q Hello, Mr. President. Thank you for coming. I hope I’ve got this right — it is your wedding anniversary today?

THE PRESIDENT: That is correct.

Q So happy anniversary to you and Michelle.

THE PRESIDENT: Thank you, sir. Thank you. (Applause.) Thank you. Twenty-two years she’s been putting up with me. (Laughter.) I had a young man, a friend of mine just got married. And I told the bride — wonderful young lady — I said it takes about 10 years to train a man properly. (Laughter.) So you’ve got to be patient with him. Because he’ll screw up a bunch, but eventually we learn. It’s just it takes us a little longer. We’re not as smart. So Michelle has been very patient with me.

Thank you very much. That’s very kind of you. (Applause.) Young lady right here.

Q Hi, President Obama. I’m from Indiana State University. Right here. (Applause.) Representing.

THE PRESIDENT: Yay, Indiana State!

Q I just had a question. Recently on the media, we have been hearing a lot about the EPA system and the war on coal. What are your feelings on that?

THE PRESIDENT: Some of that is — some of it’s hype and politics. And that’s sort of the nature of our politics these days. But there’s a real issue involved. Less and less of our power is coming from coal.

Now, a lot of people think that’s because of environmental regulations. And the truth of the matter is, is that there’s some environmental regulations that have had an impact mainly because what it’s said to the power plant operators is you’ve got to be more efficient and you can’t send as much pollution into the air. So if you’re using coal, you’ve got to figure out how can we get smart coal — smart coal technologies that capture some of the pollution that’s being sent up, put it underground, store it. Some of that technology is developing, but it’s not quite there yet.

But actually the main reason that power plants in America are using less coal is because natural gas is so cheap. So the real war on coal is natural gas, which, because of new technologies, we are now extracting at a rate that is unbelievable. There’s about a hundred years’ supply of natural gas underground here in America. We are now the number-one natural gas producer in the world. And by the way, we’re also producing more oil than we import for the first time in almost two decades. (Applause.)

Some people don’t realize — you know who the number-one oil producer in the world is? It’s us, the United States of America. So we’re producing more oil than ever. We’re producing more natural gas than ever. And natural gas, we’re producing so much that when new power plants get built, it’s cheaper for them to run on natural gas than it is on coal. So that obviously causes some hardship in communities that traditionally relied on coal.

There are two things we need to do. Number one is — and my administration has been hugely supportive — we’ve put a lot of money into developing these new technologies to make sure we can burn coal cleaner than we have. And the second thing that we need to do is make sure that some of the new opportunities in clean energy and in natural gas and other energy-related industries that they locate in places that used to have coal, or used to be primarily coal country.

Because the trend lines are going to be inevitable. Because if you burn coal in a dirty way, that’s going to cause more and more pollution, including pollution that causes climate change. You’re going to see more and more restrictions on the use of coal not just here in the United States, but around the world, which means that we’ve got to get out in front of that and make sure that we’ve got the technologies to use coal cheaply. And we’ve got to be able to send those technologies to other counties that are still burning coal.

Because there are going to be counties like China and India and others that still use coal for years to come. They’re poor, and they’re building a lot of power plants quickly. They don’t have as much natural gas as us, so they’re going to be interested in figuring how can they use their coal supplies and how can they import our coal. But if we’re doing a good job giving them technologies that allow them to burn it cleanly, then it’s a win-win for us. Not only are we able to then sell coal to them, but we’re also selling the technology to help them burn it in the cleanest way possible.

We’ve been making those investments, and we’ve got to keep on making those investments in order for us to get ahead of the curve.

Great question.

Gentleman back there in the tie. There aren’t that many ties in here, so there you go.

Q Hi, Mr. President. I’m with the Fabricators and Manufacturers Association. We’re one of the founding partners of Manufacturing Day, so thank you for your support. (Applause.)

THE PRESIDENT: Thank you.

Q I’d like to ask you about R&D. U.S. manufacturers do more R&D than any county in the world. It makes us productive. It makes us innovative. Could you talk about policies and ideas to continue to support R&D activities to promote and accelerate manufacturing? Thank you.

THE PRESIDENT: When we think about manufacturing, we always think about the traditional guy with the hard hat and the glasses, and there are sparks flying and it’s noisy. These days you go into a manufacturing plant like this one, first of all, it’s clean, it’s quiet, and so much of it is running on computers and automation and new systems. So if we’re going to stay competitive in manufacturing, we’ve got some terrific advantages.

Energy, by the way, is one of our biggest advantages because we have some of the cheapest energy in the world. That’s part of why a lot of companies want to relocate here in the United States. But we’ve also got to stay ahead of the curve in the new technologies for the new kinds of manufacturing. Every budget I’ve submitted has called for an increase in our R&D budget — our research and development budget. And we’ve specifically been interested in putting more money into research and development in manufacturing.

So, in fact, today I announced the fifth — the proposal for the fifth manufacturing hub that we’re creating. We want to actually create about 15 more of them after this. And what it’s doing is it’s linking manufacturers with universities and researchers to start developing some of the new technologies that we know are going to be key to the future.

So, for example, we already created a manufacturing hub around 3D printing. Everybody know what 3D printing is? It’s actually pretty interesting. So basically the idea is, is that using software you can manufacture just about anything from a remote location just by you send the program to some site and then the machine builds whatever it is that you designed on the computer from scratch. And we know that over time this is going to be more and more incorporated in the manufacturing process. But we want to make sure that all that stuff is done right here in the United States of America. So we created a hub for that.

Today, I’m announcing a $100 million competition to create a new hub around photonics — I had to ask Penny to make sure I pronounced it right. But this is basically the science, the technology around light which is used to transmit data and information, and also is used in the manufacturing process for everything from lasers to some of the stuff that the Department of Defense is doing.

And what these hubs allow us to do is instead of having a slower process where somebody in some lab coat somewhere figures something out and then writes a report on it, and then maybe five years later, some manufacturer says, huh, I wonder if I could tinker around with that and use that in my manufacturing process, you have a system where the businesses and the researchers are working on it at the same time, which speeds up the discovery process and means we’re moving from discovery to application a lot faster.

Now, Germany has about 60 of these manufacturing hubs, and so far I’ve been able to create five of them — or four of them. This is going to be the fifth. And as I said, I want us to make sure we’re doing a lot more than that.

So that’s just one example of why our investment in manufacturing research and development is going to be so critically important. It allows us to keep our lead because America has always been the top innovator in the world. That’s the reason why our economy historically has done so well, is because we invent stuff faster and better than anybody else. And if we lose that lead, we’re going to be in trouble.

Can I just say one last thing about — because I appreciate you working on this National Manufacturers Day. For the young people here, and anybody who is listening, the reason we set up this National Manufacturing Day is because too many young people do not understand the opportunities that exist in manufacturing. Because so many plants were shut down, and so much offshoring was taking place, I think a lot of people just kind of gave up on the idea of working in manufacturing. The problem is that for a lot of young people, manufacturing offers great opportunities.

I was in Wisconsin, somebody told me an amazing statistic, which is the average age of a skilled tool and die operator in Wisconsin is 59 years old. Now, these folks are making 25, 30 bucks an hour, benefits. You are solidly middle class if you have one of these jobs. And the workforce is getting older and older in that area, and the young people aren’t coming to replace them.

So the idea behind National Manufacturing Day, we got 50,000 young people going into factories all across the county and learning about — look at all the jobs that you can get in manufacturing. Engineering jobs, but also jobs on the line, technical jobs. All of them require some skills. All of them require some higher level learning. But not all of them require a four-year degree. You could make a good living. So that’s part of what we’re trying to encourage getting young people to reorient.

And we’re actually also talking to high schools, saying to them, try to encourage young people to think about manufacturing as a career option. Because not everybody wants to sit behind a desk, pushing paper all day long. And different people have different aptitudes and different talents and different interests. And if we can set up a situation where high schools are starting to connect to manufacturing, then a lot of young people can start getting apprenticeships early — realize how interesting some of that work is. Then they have a better idea, if they do end up going to college, it’s a little more focused around the things that they’re actually going to need in order to succeed in manufacturing.

So thank you for participating in that. It’s really important.

We’ve got — how much more time do we have? I just want to make sure. We’ll make it two. We’ll make it two. All right, young lady right there. Yes, right — you, yes. All right, hold on, let’s make sure we got the microphone here.

Q Hi. I am a secondary English education student at USI. And I just want to say thank you for coming here today. It’s such an honor to hear you speak.

Being in the job force in the next couple of years, I am worried about equal pay as a woman. So you’ve talked a little bit about that. How can we get there? What can we do to get equal pay for women?

THE PRESIDENT: Well, it’s a great question. Here are the statistics, first of all. Women on average make 77 cents for every dollar a man makes. Now, what folks will tell you sometimes is you can’t really compare the situation because a lot of women by choice end up working less when they have kids, and decide to stay home, and so it’s not the same thing. But here’s the problem. It turns out that actually in a lot of companies sometimes it’s still the case that women are getting paid less than men for doing the exact same job.

And so one of the first bills I signed was called the Lilly Ledbetter bill. And Lilly, who is a friend of mine, she was doing a job for 25 years and about 20 years into it just happened to find out that for that whole time she had been getting paid less for doing the exact same job that a man had been doing. And when she tried to sue to get her back pay, the court said, well, it’s too late now because the statute of limitations had run out. She said, well, I just found out. That doesn’t matter.

So we changed that law, and that was the first thing that we did. And what we’ve also done is through executive action what I’ve said is any federal contractor who does business with the federal government, you’ve got to allow people to compare their salaries so that they can get information about whether they’re getting paid fairly or not.

There is a fair pay bill that is before Congress, but so far it’s been blocked by the House Republicans. It hasn’t come up for a vote. We need to keep putting pressure on them to get this done. This is just a matter of basic fairness. I don’t think my daughters should be treated any different than somebody else’s sons if they’re doing a good job. They should get paid the same.

But it’s also a matter of economics, as I said before. More and more women are the key breadwinner in their family, and if they’re getting paid less, that whole family suffers. So this is something that we have to take care.

I do want to mention, though, going back to the first argument, people saying that women make different choices when they have children — well, part of the reason they have to make different choices is because we don’t have a good child care system. (Applause.) It’s because we don’t have a good family leave policy. A child gets sick; you need to take care of a sick child. You can get unpaid leave under the Family Medical Leave Act. But what if you can’t afford to give up that paycheck that day? Or you’ve got an ailing parent — they have to go to the doctor one day. They don’t drive. You need to drive them. You need a day off. But if you take the day off, now you can’t pay your rent.

So there are family-friendly policies that we could put in place — and some states are doing so — improving child care, especially early childhood education, by the way, which we know every dollar we invest in that makes our kids do better in school the whole way. (Applause.) So it’s good for our education system, but it’s also just good for parents.

Somebody mentioned my wedding anniversary. I can tell you the toughest time when we were married was when our kids were still small and I was working and Michelle was working. And sometimes I’d be out of town, and the babysitter doesn’t show up, and suddenly Michelle is having scramble. And I promise you when I get home, it’s rough. (Laughter.)

But we were actually — we were professionals. We were both lawyers. We were in a better position to get help than most families, but it was still hard. So the more we do on early childhood education, high quality day care, making it affordable for families, family leave, those family-friendly policies that will help make sure that women are able to take care of their families and pursue their professional careers and bring home the kind of paycheck that they deserve — we need to do both. It’s not a choice between one or the other. We have to do all those things.

I got time for one more question. Gentleman, right here in the blue.

Q Mr. President, I would like to thank you also for visiting. My name is Randy Perry, this young lady’s father. I do have a small manufacturing company in rural America. But how do you speak to us small manufacturers that want to raise the minimum wage but we have to compete?

THE PRESIDENT: Well, as I said before, the first thing we need to do is to make sure that the economy as a whole is strong because, remember what I said, when the economy is strong as a whole, there is more demand for workers. That gives workers more leverage to get pay raises. The same is true for businesses. When demand is high for whatever product you’re producing, then you can afford to charge a little bit more.

And the truth of the matter is, is that for a lot of small businesses, there’s going to be more pressure than large businesses when it comes to wages because you just don’t have as much margin for error. But overall, our economy is going to do better, and small businesses do better when there is greater demand out there for products and services. And there’s greater demand for products and services if people have money in their pockets.

And one of the biggest problems we have in our economy right now — and this includes one of the biggest problems for small businesses — is that when a bigger and bigger share goes to folks at the top, a lot of that money, they just don’t spend.

I had lunch with Bill Gates the other day. Now, Bill Gates has ot a lot of money. (Laughter.) And he’s doing great things with it, by the way, doing great charitable work. But the truth of the matter is, is that if Bill Gates gets an extra million dollars, it’s not like he’s going to spend more money on food or go and buy an extra car, or buy a new refrigerator, because he’s already got everything he needs.

But if somebody who is a low-wage worker gets a raise, first thing they’re going to do is they’re going to spend it — maybe on a new backpack for the kids, or finally trade in that old beater, or a new car. And that drives the economy. It picks it up. It boosts it. And when that happens, then more demand exists for services and goods. And that means that all businesses are going to do better, including small businesses. And that, then, gives you the higher profits, which then allows you to pay your workers a little bit more. You get in this virtuous cycle.

And this is part of the argument that I’ve been having with my good friends in the Republican Party for quite some time. If you look at the policies we’ve been pursuing and proposing — investing in research and development, rebuilding our infrastructure, making sure that college is more affordable, improving child care, fair pay legislation, increase the minimum wage — I can point to evidence that shows that that’s going to put more money in the pockets of middle-class families. That’s going to increase growth at a faster pace, and the economy, as a whole is going to do better.

And their main response to me typically is two things. One is they’ll say we got to get rid of regulations. Except the problem is, for example, the last big crisis we had was precisely because we didn’t have enough regulations on Wall Street, and folks were selling a bunch of junk on the market and doing reckless things that ended up costing everybody something.

And then the second argument that they make is we need more tax cuts for folks like me who make a pretty good living, folks at the top. And I’ve got to tell you, there’s no evidence that that’s going to help middle-class families. There’s no evidence for this trickle-down theory that somehow another tax cut for folks who are already making out like bandits over the last 20 years is going to somehow improve the prospects for ordinary families. It just doesn’t exist. They keep on repeating it, but they don’t show that that’s actually going to help the economy. That’s not going to help you. It’s not going to help you. And it’s not going to help Millennium. And it’s not going to help your business.

I made a speech yesterday at Northwestern, and what I just said is just look at the facts. Since I’ve been President, unemployment has gone from — is down from 10 percent down to now 5.9. The deficit has been cut by more than half. Our energy production is higher than it’s ever been. Our health care costs are slowing. More people have insurance. High school dropout rate has gone down. Graduation rate has gone up. College attendance rate has gone up. Our production of clean energy has doubled. Solar energy has gone up tenfold. Wind energy has gone up threefold. Exports — we export more than we ever have in history. Corporate balance sheets are doing great. Stock market, all-time highs. Housing market beginning to recover. There’s almost no economic measure by which the economy as a whole isn’t doing significantly better than it was when I came into office. (Applause.)

Now, those are just facts. You can look them up. I’m not making it up. That’s one thing about being President — if I stand here and say it, all these folks are filming me so they’ll go and check. (Laughter.) So that’s the truth. But what is also true is that wages and incomes have continued to be flat even though the economy is growing and businesses are making more money. So what that tells me is the one thing that’s holding things back, the one thing that people are still concerned about and the one thing that if we could change would really give more confidence to the economy and boost it is if wages and incomes start going up a little bit.

If all the productivity and profits, if we start sharing that a little bit more with more folks, and ordinary families start feeling like they got a little bit of a cushion, that will be good for everybody. Because that’s the one thing that really we haven’t seen as much improvement on as we need. And so what everybody should be asking is how do we increase wages, how do we increase incomes. Because if we do that, things are going to better.

And there are pretty much just a handful of ways to do it. Number one, you make the economy grow even faster so the labor market gets tighter. Number two, you pursue policies like a higher minimum wage, or making sure that families are able to get child care, you’re driving down health care costs, the kinds of things that affect people’s pocketbooks directly. Those are the things that I’ve been pursuing since I’ve been President. And those are the things I’ll continue to pursue as long as I have this great privilege of bring President.

Thank you so much, everybody. God bless you. Appreciate you. (Applause.)

END
P.M. CDT

Full Text Obama Presidency October 2, 2014: President Barack Obama’s Speech at Congressional Hispanic Caucus Institute Gala — Transcript

POLITICAL TRANSCRIPTS

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Remarks by the President at Congressional Hispanic Caucus Institute Gala

Source: WH, 10-2 -14

Walter E. Washington Convention Center
Washington, D.C.

7:54 P.M. EDT

THE PRESIDENT:  Good evening!  (Applause.)  Thank you to Senator Menendez, Congressman Hinojosa, and the entire CHC for inviting me.  Everybody, you can have a seat, take a load off. (Laughter.)  I want to congratulate tonight’s outstanding honorees — Jose Diaz-Balart — (applause) — Eliseo Medina — (applause) — and Juliet Garcia.  (Applause.)  I want to thank all the other members of Congress who are here tonight, including the outstanding Nancy Pelosi.  (Applause.)  Although I have to say Nancy Pelosi was really talking mostly about the San Francisco Giants — in a Nationals town.  So that just shows her courage.  (Laughter.)

I want to give a special thanks to two young men who rode over with me from the White House tonight.  Luis and Victor are CHCI interns and fellows.  (Applause.)  They are also DREAMers, living and working in the country they call home, and making it a better place for all of us.  Their stories are inspiring.  And along with the other CHCI fellows, they give me great hope for the future.  They make me optimistic about what America is all about.

Six years ago, I came here as a candidate for this office and I said if we worked together, we could do more than just win an election — we could rebuild America so that everybody, no matter what you look like, no matter what your last name is, no matter what God you worship, no matter who you love — everybody is free to pursue their dreams.  (Applause.)

And that’s exactly what we set out to do.  And today, there is progress that we should be proud of.  I gave a long speech this afternoon about it because sometimes we don’t focus on what has happened over these last six years.  Over the past four and a half years, our businesses have created 10 million new jobs — the longest uninterrupted stretch of job creation in our history. (Applause.)  In the spring, our economy grew faster than any time since 2006, and there are more job openings today than at any time since 2001.  (Applause.)And we are going to keep working as hard as we can to help create good, middle-class jobs even faster.

Six years ago, I told you we would confront the crisis of overcrowded classrooms and underfunded schools, and help more families afford higher education.  And since 2000, we have cut the Latino dropout rate by more than half.  (Applause.)  Because dropouts are down, today our high school graduation rate is the highest on record.  And since 2008, the rate of college enrollment among young Latinos has risen by 45 percent.  (Applause.)

Six years ago, I said we’d take on a broken health care system that left one out of three Hispanics uninsured.  Today, millions more Americans have quality, affordable health insurance that they can count on.  (Applause.)  Over the last year alone, about 10 million Americans gained health insurance.  And that includes millions of Latinos.  (Applause.)

Six years ago, I told you we’d restore the idea at the heart of America that we’re in this together, that I am my brother’s keeper, and my sister’s keeper.  Last year, poverty among Latinos fell, and incomes rose.  And this week, I launched the My Brother’s Keeper Community Challenge, asking every community in our country to publicly commit to strategies that will help put our young people on the path to success, from cradle to career.  (Applause.)

So the point I want to make is the progress we’ve made has been hard, sometimes it’s been slower than we want, but that progress has been steady and it has been real.  We have done big things together, and we’re going to do more.  And tonight, I want to make something clear:  Fixing our broken immigration system is one more, big thing that we have to do and that we will do.  (Applause.)

Now, I know there’s deep frustration in many communities around the country right now.  And I understand that frustration because I share it.  I know the pain of families torn apart because we live with a system that’s broken.  But if anybody wants to know where my heart is or whether I want to have this fight, let me put those questions to rest right now.  I am not going to give up this fight until it gets done.  (Applause.)

As Bob mentioned, I’ve taken so far actions — (audience interruption) — I’m about to get to that.  About to get to it. (Applause.)  The actions that we’ve taken so far — (audience interruption) — you’re going to want to hear it, you’ll want to hear what I say, rather than just — the actions that we’ve taken so far are why more than 600,000 young people can live and work without fear of deportation.  (Applause.)  That’s because of the actions I took and the administration took.  (Applause.)

Because of the coalition that we built together, business and labor, faith and law enforcement, Democrats and Republicans
– created a bipartisan bill and got it through the Senate last year.  When states like Alabama and Arizona passed some of the harshest immigration laws in history, my Attorney General took them on in court and we won.  (Applause.)

So you know what we’ve done together.  You know that we’ve done it despite what is possibly the most uncooperative House of Representatives in history.  (Applause.)  If House Republicans brought the Senate bill up for a vote today, it would pass today; I would sign it today.  And they know it.  (Applause.)  But instead, they’ve been sitting on it for more than a year.  They voted to strip DREAMers of new protections and make them eligible for deportation — not once, but twice they voted that way.

And this summer, when a wave of unaccompanied minors crossed part of our southwest border, my administration matched compassion for kids with a firm message to families.  Today, fewer parents are sending their children on that perilous journey than they were at this time last year, and we’re working to give more kids the chance to apply for asylum in their home countries and avoid that journey altogether.  (Applause.)

But while we worked to deal with an urgent humanitarian problem, while we actually did something about the problem, Republicans exploited the situation for political gain.  And in June, as all this was going on, Speaker Boehner told me he would continue to block a vote on immigration reform for at least the remainder of this year.

AUDIENCE:  Booo –

THE PRESIDENT:  Now, don’t boo, vote.  (Applause.)

I’ve said before that if Congress failed to live up to its responsibilities to solve this problem, I would act to fix as much of our immigration system as I can on my own, and I meant what I said.  So this is not a question of if, but when.  Because the moment I act — and it will be taking place between the November elections and the end of the year — opponents of reform will roll out the same old scare tactics.  They’ll use whatever excuse they have to try to block any attempt at immigration reform at all.  And we have to be realistic:  For any action to last, for it to be effective and extend beyond my administration — because I’m only here two more years — we’re going to have to build more support of the American people so that it is sustainable and lasting.

And so I am going to be spending the next month, month and a half, six weeks, eight weeks — I’m going to be spending that time not just talking about what we’ve done for the economy, but explaining why immigration reform is good for our economy, and why it’s good for everybody.  (Applause.)  And when opponents are out there saying who knows what, I’m going to need you to have my back.  I’m going to need you to have my back.  I’m going to need you to keep putting pressure on Congress, because the fact of the matter is no matter how bold I am, nothing I can do will be as comprehensive or lasting as the Senate bill.  Anything I can do can be reversed by the next President.

To move beyond what I can do in a limited way, we are going to need legislation.  And if we want that legislation to happen sooner rather than later, then there’s one more thing I need you to do — I’ve got to have you talk to your constituents and your communities, and you’ve got to get them out to vote.  (Applause.)

You already know how powerful the Latino vote can be.  (Applause.)  In 2012, Latinos voted in record numbers.  The next day, even Sean Hannity changed his mind and decided immigration reform was a good idea.  (Laughter.)  But despite that record-breaking turnout, only 48 percent of Hispanic voters turned out. Fewer than half.  Fewer than half.  So the clearest path to change is to change that number.  Si, se puede … si votamos.  Yes we can … if we vote.  (Applause.)

You know, earlier this year, I had the chance to host a screening of the film Cesar Chavez at the White House, and I was reminded that Cesar organized for nearly 20 years before his first major victory.  He never saw that time as a failure.  Looking back, he said, “I remember… the families who joined our movement and paid dues long before there was any hope of winning contracts… I remember thinking then that with spirit like that… no force on Earth could stop us.”

That’s the promise of America then, and that’s the promise of America now — people who love this country can change it.  America isn’t Congress.  America isn’t Washington.  America is the striving immigrant who starts a business, or the mom who works two low-wage jobs to give her kid a better life.  America is the union leader and the CEO who put aside their differences to make the economy stronger.  America is the student who defies the odds to become the first in a family to go to college — (applause) — the citizen who defies the cynics and goes out there and votes — (applause) — the young person who comes out of the shadows to demand the right to dream.  That’s what America is about.  (Applause.)

And six years ago, I asked you to believe.  And tonight, I ask you to keep believing — not just in my ability to bring about change, but in your ability to bring about change.  Because in the end, “dreamer” is more than just a title — it’s a pretty good description of what it means to be an American.  (Applause.) Each of us is called on to stand proudly for the values we believe in and the future we seek.  All of us have the chance to reach out and pull this country that we call home a little closer to its founding ideals.

That’s the spirit that’s alive in this room.  That’s the spirit I saw in Luis and Victor, and all the young people here tonight.  That spirit is alive in America today.  And with that spirit, no force on Earth can stop us.

Thank you, everybody.  God bless you.  God bless America.  (Applause.)

END
8:07 P.M. EDT

Full Text Obama Presidency October 2, 2014: President Barack Obama’s Speech on the Economy at Northwestern University — Transcript

POLITICAL TRANSCRIPTS

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Remarks by the President on the Economy — Northwestern University

Source: WH, 10-2-14 

Northwestern University
Evanston, Illinois

1:11 P.M. CDT

THE PRESIDENT:  Hello, Evanston!  (Applause.)  Hello, Northwestern!  (Applause.)  Thank you so much.  Everybody, have a seat.  Have a seat.  It is so good to be here.  Go ‘Cats!  (Applause.)  I want to thank your president, Morty Schapiro, and the dean of the Kellogg Business School, Sally Blount, for having me.  I brought along some guests.  Your Governor, Pat Quinn, is here.  (Applause.)  Your Senator, Dick Durbin, is here.  (Applause.)  Your Congresswoman, Jan Schakowsky, is here.  (Applause.)  We’ve got some who represent the Chicagoland area in Congress and do a great job every day — Danny Davis, Robin Kelly, Mike Quigley, Brad Schneider.  (Applause.)  We’ve got your mayor, Elizabeth Tisdahl.  (Applause.)  Where’s Elizabeth?  There she is.  One of my great friends and former chief of staff — the mild-mannered Mayor of Chicago, Rahm Emanuel, is here.  (Laughter and applause.)

It is great to be back home.  (Applause.)  It’s great to be back at Northwestern.  Back when I was a senator, I had the honor of delivering the commencement address for the class of 2006.  And as it turns out, I’ve got a bunch of staff who graduated from here, and so they’re constantly lobbying me about stuff.  And so earlier this year, I popped in via video to help kick off the dance marathon.  I figured this time I’d come in person — not only because it’s nice to be so close to home, but it’s also just nice to see old friends, people who helped to form how I think about public service; people who helped me along the way.  Toni Preckwinkle was my alderwoman and was a great supporter.  (Applause.)  Lisa Madigan, your attorney general, was my seatmate.  State Senator Terry Link was my golf buddy.  So you’ve got people here who I’ve just known for years and really not only helped me be where I am today, but helped develop how I think about public service.

And I’m also happy to be here because this is a university that is brimming with the possibilities of a new economy — your research and technology; the ideas and the innovation; the training of doctors and educators, and scientists and entrepreneurs.  But you can’t help but visit a campus like this and feel the promise of the future.

And that’s why I’m here — because it’s going to be young people like you, and universities like this, that will shape the American economy and set the conditions for middle-class growth well into the 21st century.

And obviously, recent months have seen their fair share of turmoil around the globe.  But one thing should be crystal clear:  American leadership is the one constant in an uncertain world.  It’s America — our troops, our diplomats — that lead the fight to degrade and ultimately destroy the terrorist group known as ISIL.

It’s America — our doctors, our scientists, our know-how — that leads the fight to contain and combat the Ebola epidemic in West Africa.

It’s America — our colleges, our graduate schools, our unrivaled private sector — that attracts so many people to our shores to study and start businesses and tackle some of the most challenging problems in the world.

When alarms go off somewhere in the world, whether it’s a disaster that is natural or man-made; when there’s an idea or an invention that can make a difference, this is where things start.  This is who the world calls — America.  They don’t call Moscow.  They don’t call Beijing.  They call us.  And we welcome that responsibility of leadership, because that’s who we are.  That’s what we expect of ourselves.

But what supports our leadership role in the world is ultimately the strength of our economy here at home.  And today, I want to step back from the rush of global events to take a clear-eyed look at our economy, its successes and its shortcomings, and determine what we still need to build for your generation — what you can help us build.

As Americans, we can and should be proud of the progress that our country has made over these past six years.  And here are the facts — because sometimes the noise clutters and I think confuses the nature of the reality out there.  Here are the facts:  When I took office, businesses were laying off 800,000 Americans a month.  Today, our businesses are hiring 200,000 Americans a month.  (Applause.)  The unemployment rate has come down from a high of 10 percent in 2009, to 6.1 percent today.  (Applause.)  Over the past four and a half years, our businesses have created 10 million new jobs; this is the longest uninterrupted stretch of private sector job creation in our history.  Think about that.  And you don’t have to applaud at — because I’m going to be giving you a lot of good statistics.  (Laughter.)  Right now, there are more job openings than at any time since 2001.  All told, the United States has put more people back to work than Europe, Japan, and every other advanced economy combined.  I want you to think about that.  We have put more people back to work, here in America, than Europe, Japan, and every other advanced economy combined.

This progress has been hard, but it has been steady and it has been real.  And it’s the direct result of the American people’s drive and their determination and their resilience, and it’s also the result of sound decisions made by my administration.

So it is indisputable that our economy is stronger today than when I took office.  By every economic measure, we are better off now than we were when I took office.  At the same time, it’s also indisputable that millions of Americans don’t yet feel enough of the benefits of a growing economy where it matters most — and that’s in their own lives.

And these truths aren’t incompatible.  Our broader economy in the aggregate has come a long way, but the gains of recovery are not yet broadly shared — or at least not broadly shared enough.  We can see that homes in our communities are selling for more money, and that the stock market has doubled, and maybe the neighbors have new health care or a car fresh off an American assembly line.  And these are all good things.  But the stress that families feel — that’s real, too.  It’s still harder than it should be to pay the bills and to put away some money.  Even when you’re working your tail off, it’s harder than it should be to get ahead.

And this isn’t just a hangover from the Great Recession.  I’ve always said that recovering from the crisis of 2008 was our first order of business, but I also said that our economy wouldn’t be truly healthy until we reverse the much longer and profound erosion of middle-class jobs and incomes.

So here’s our challenge.  We’re creating more jobs at a steady pace.  We’ve got a recovering housing market, a revitalized manufacturing sector — two things that are critical to middle-class success.  We’ve also begun to see some modest wage growth in recent months.  All of that has gotten the economy rolling again, despite the fact that the economies of many other countries around the world are softening.  But as Americans, we measure our success by something more than our GDP, or a jobs report.  We measure it by whether our jobs provide meaningful work that give people a sense of purpose, and whether it allows folks to take care of their families.  And too many families still work too many hours with too little to show for it.  Job growth could be so much faster and wages could be going up faster if we made some better decisions going forward with the help of Congress.  So our task now is to harness the momentum that is real, that does exist, and make sure that we accelerate that momentum, that the economy grows and jobs grow and wages grow.  That’s our challenge.

When the typical family isn’t bringing home any more than it did in 1997, then that means it’s harder for middle-class Americans to climb the ladder of success.  It means that it’s harder for poor Americans to grab hold of the ladder into the middle class.  That’s not what America is supposed to be about.  It offends the very essence of who we are.  Because if being an American means anything, it means we believe that even if we’re born with nothing — regardless of our circumstances, a last name, whether we were wealthy, whether our parents were advantaged — no matter what our circumstances, with hard work we can change our lives, and then our kids can too.

And that’s about more than just fairness.  It’s more than just the idea of what America is about.  When middle-class families can’t afford to buy the goods or services our businesses sell, it actually makes it harder for our economy to grow.  Our economy cannot truly succeed if we’re stuck in a winner-take-all system where a shrinking few do very well while a growing many are struggling to get by.  Historically, our economic greatness rests on a simple principle:  When the middle class thrives, and when people can work hard to get into the middle class, then America thrives.  And when it doesn’t, America doesn’t.

This is going to be a central challenge of our times.  We have to make our economy work for every working American.  And every policy I pursue as President is aimed at answering that challenge.

Over the last decade, we learned the hard way that it wasn’t sustainable to have an economy where too much of the growth was based on inflated home prices and bubbles that burst and a casino mentality on Wall Street; where the recklessness of a few could threaten all of us; where incomes at the top skyrocketed, while working families saw theirs decline.  That was not a formula for sustained growth.  We need an economy that’s built on a rock, and that — a rock that is durable and competitive, and that’s a steady source of good, middle-class jobs.  When that’s happening, everybody does well.

So that’s why on day one, when I took office, with Rahm and Dick Durbin and others who were working with us, I said we would rebuild our economy on a new foundation for growth and prosperity.  And with dedicated, persistent effort, we’ve actually been laying the cornerstones of this foundation every single day since.

So I mentioned earlier that there is not an economic measure by which we’re not better off than when we took official.  But let me break down what we’ve also been doing structurally to make sure that we have a strong foundation for growth going forward.

The first cornerstone is new investments in the energy and technologies that make America a magnet for good, middle-class jobs.

So right off the bat, as soon as I came into office, we upped our investments in American energy to reduce our dependence on foreign oil and strengthen our own energy security.  And today, the number-one oil and gas producer in the world is no longer Russia or Saudi Arabia.  It’s America.  (Applause.)

For the first time in nearly two decades, we now produce more oil than we buy from other countries.  We’re advancing so fast in this area that two years ago I set a goal to cut our oil imports by half by — in half by 2020, and we’ve actually — we will meet that goal this year, six years ahead of schedule.  (Applause.)

So that’s in the traditional fossil fuel area.  But at the same time, we’ve helped put tens of thousands of people to work manufacturing wind turbines, and installing solar panels on homes and businesses.  We have tripled the electricity that we harness from the wind.  We have increased tenfold what we generate from the sun.  We have brought enough clean energy online to power every home and business in Illinois and Wisconsin, 24/7.  And that’s the kind of progress that we can be proud of and in part accounts for the progress we have also made in reducing carbon emissions that cause climate change.  And I know that here at Northwestern, your researchers are working to convert sunlight into liquid fuel — which sounds impossible, or at least really hard.  (Laughter.)  But the good news is, if you need to get the hard or the impossible done, America and American universities are a pretty good place to start.

Meanwhile, our 100-year supply of natural gas is a big factor in drawing jobs back to our shores.  Many are in manufacturing — which produce the quintessential middle-class job.  During the last decade, it was widely accepted that American manufacturing was in irreversible decline.  And just six years ago, its crown jewel, the American auto industry, could not survive on its own.  With the help of folks like Jan and Dick and Mike Quigley and others, we helped our automakers restructure and retool.  Today, they’re building and selling new cars at the fastest rate in eight years.  We invested in new plants, new technologies, new high-tech hubs like the Digital Manufacturing and Design Institute that Northwestern has partnered with in Chicago.

Today, American manufacturing has added more than 700,000 new jobs.  It’s growing almost twice as fast as the rest of the economy.  And more than half of all manufacturing executives have said they are actively looking at bringing jobs back from China.  To many in the middle class, the last decade was defined by outsourcing good jobs overseas.  If we keep up these investments, we can define this decade by what’s known as “insourcing” — with new factories now opening their doors here in America at the fastest pace in decades.  And in the process, we’ve also worked to grow American exports and open new markets, knock down barriers to trade, because businesses that export tend to have better-paying jobs.  So today, our businesses sell more goods and services made in America to the rest of the world than ever before.  Ever.

And that’s progress we can be proud of.  Now, we also know that many of these manufacturing jobs have changed.  You’re not just punching in and pounding rivets anymore; you’re coding computers and you’re guiding robots.  You’re mastering 3D printing.  And these jobs require some higher education or technical training.  And that’s why the second cornerstone of the new foundation we’ve been building is making sure our children are prepared and our workers are prepared to fill the jobs of the future.

America thrived in the 20th century because we made high school free.  We sent a generation to college.  We cultivated the most educated workforce in the world.  But it didn’t take long for other countries to look at our policies and caught on to the secret of our success.  So they set out to educate their kids too, so they could out-compete our kids.  We have to lead the world in education once again.  (Applause.)

That’s why we launched a Race to the Top in our schools, trained thousands of math and science teachers, supported states that raised standards for learning.  Today, teachers in 48 states and D.C. are teaching our kids the knowledge and skills they need to compete and win in the global economy.  Working with parents and educators, we’ve turned around some of the country’s lowest-performing schools.  We’re on our way to connecting 99 percent of students to high-speed Internet, and making sure every child, at every seat, has the best technology for learning.

Look, let’s face it:  Some of these changes are hard.  Sometimes they cause controversy.  And we have a long way to go.  But public education in America is actually improving.  Last year, our elementary and middle school students had the highest math and reading scores on record.  The dropout rates for Latinos and African Americans are down.  (Applause.)  The high school graduation rate — the high school graduation rate is up.  It’s now above 80 percent for the first time in history.  We’ve invested in more than 700 community colleges — which are so often gateways to the middle class — and we’re connecting them with employers to train high school graduates for good jobs in fast-growing fields like high-tech manufacturing and energy and IT and cybersecurity.

Here in Chicago, Rahm just announced that the city will pay community college tuition for more striving high school graduates.  We’ve helped more students afford college with grants and tax credits and loans.  And today, more young people are graduating than ever before.  We’ve sent more veterans to college on the Post-9/11 GI Bill — including several veterans here at Northwestern — and a few of them are in this hall today, and we thank them for their service.  (Applause.)

So we’ve made progress on manufacturing and creating good jobs.  We’ve made progress on education.  Of course, even if you have the right education, for decades, one of the things that made it harder for families to make ends meet and businesses to grow was the high cost of health care.  And so the third cornerstone had to be health care reform.

In the decade before the Affordable Care Act, aka, Obamacare — (laughter and applause) — in the decade before the Affordable Care Act, double-digit premium increases were common.  CEOs called them one of the biggest challenges to their competitiveness.  And if your employer didn’t drop your coverage to avoid these costs, they might pass them on to you and take them out of your wages.

Today, we have seen a dramatic slowdown in the rising cost of health care.  When we passed the Affordable Care Act, the critics were saying, what are you doing about cost.  Well, let me tell you what we’ve done about cost.  If your family gets your health care through your employer, premiums are rising at a rate tied for the lowest on record.  And what this means for the economy is staggering.  If we hadn’t taken this on, and premiums had kept growing at the rate they did in the last decade, the average premium for family coverage today would be $1,800 higher than they are.  Now, most people don’t notice it, but that’s $1,800 you don’t have to pay out of your pocket or see vanish from your paycheck.  That’s like a $1,800 tax cut.  That’s not for folks who signed up for Obamacare.  That’s the consequences of some of the reforms that we’ve made.

And because the insurance marketplaces we created encourage insurers to compete for your business, in many of cities they’ve announced that next year’s premiums — well, something important is happening here — next year’s premiums are actually falling in some of these markets.  One expert said this is “defying the law of physics.”  But we’re getting it done.  And it is progress we can be proud of.

So we’re slowing the cost of health care, and we’re covering more people at the same time.  In just the last year, we reduced the share of uninsured Americans by 26 percent.  That means one in four uninsured Americans — about 10 million people — have gained the financial security of health insurance in less than one year.  And for young entrepreneurs, like many of you here today, the fact that you can compare and buy affordable plans in the marketplace frees you up to strike out on your own, chase that new idea — something I hope will unleash new services and products and enterprises all across the country.  So the job lock that used to exist because you needed health insurance, you’re free from that now.   You can go out and do something on your own and get affordable health care.

And meanwhile, partly because health care prices have been growing at the slowest rate in nearly 50 years, the growth in what health care costs the government is down, also.  I want everybody to listen carefully here, because when we were debating the Affordable Care Act there was a lot of complaining about how we couldn’t afford this.  The independent, nonpartisan Congressional Budget Office recently reported that in 2020, Medicare and Medicaid will cost us $188 billion less than projected just four years ago.  And here’s what that means in layman’s terms:  Health care has long been the single biggest driver of America’s future deficits.  It’s been the single biggest driver of our debt.  Health care is now the single biggest factor driving down those deficits.

And this is a game-changer for the fourth cornerstone of this new foundation — getting our fiscal house in order for the long run, so we can afford to make investments that grow the middle class.

Between a growing economy, some prudent spending cuts, health care reform, and asking the wealthiest Americans to pay a little bit more on their taxes, over the past five years we’ve cut our deficits by more than half.  When I took office, the deficit was nearly 10 percent of our economy.  Today, it’s approaching 3 percent.  (Applause.)  In other words, we can shore up America’s long-term finances without falling back into the mindless austerity or manufactured crises or trying to find excuses to slash benefits to seniors that dominated Washington budget debates for so long.

And finally, we’ve put in place financial reform to protect consumers and prevent a crisis on Wall Street from hammering Main Street ever again.  We have new tools to prevent “too big to fail,” to stop taxpayer-funded bailouts.  We made it illegal for big banks to gamble with your money.  We established the first-ever consumer watchdog to protect consumers from irresponsible lending or credit card practices.  We secured billions of dollars in relief for consumers who get taken advantage of.  And working with states attorneys general like Lisa Madigan, we’ve seen industry practices changing.

Now, an argument you’ll hear oftentimes from critics is that the way to grow the economy is to just get rid of regulations; free folks up from the oppressive hand of the government.  And you know, it turns out, truth be told, there are still some kind of dopey regulations on the books.  (Laughter.)  There are regulations that are outdated or are no longer serving a useful purpose.  And we have scrubbed the laws out there and identified hundreds that are outdated, that don’t help our economy, that don’t make sense, and we’re saving businesses billions of dollars by gradually eliminating those unnecessary regulations.  But you have to contrast that with rules that discourage a casino-style mentality on Wall Street, or rules that protect the basic safety of workers on the job, or rules that safeguard the air our children breathe and keep mercury or arsenic out of our water supply.  These don’t just have economic benefits, these are rules that save lives and protect families.  And I’ll always stand up for those — and they’re good for our economy.

So here’s the bottom line:  For all the work that remains, for all the citizens that we still need to reach, what I want people to know is that there are some really good things happening in America.  Unemployment down.  Jobs up.  Manufacturing growing.  Deficits cut by more than half.  High school graduation is up.  College enrollment up.  Energy production up.  Clean energy production up.  Financial system more stable.  Health care costs rising at a slower rate.  Across the board, the trend lines have moved in the right direction.

That’s because this new foundation is now in place.  New investments in energy and technologies that create new jobs and new industries.  New investments in education that will make our workforce more skilled and competitive.  New reforms to health care that cut costs for families and businesses.  New reforms to our federal budget that will promote smart investments and a stronger economy for future generations.  New rules for our financial system to protect consumers and prevent the kinds of crises that we endured from happening again.

You add it all up, and it’s no surprise that for the first time in more than a decade, business leaders from around the world — these are business surveys.  Kellogg, you’re familiar with these.  (Laughter.)  Business leaders from around the world have said the world’s most attractive place to invest is not India or China, it’s the United States of America.  And that’s because the financial sector is healthier; because manufacturing is healthier; because the housing market is healthier; because health care inflation is at a 50-year low; because our energy boom is at new highs.  Because of all these things, our economy isn’t just primed for steadier, more sustained growth; America is better poised to lead and succeed in the 21st century than any other nation on Earth.  We’ve got the best cards.

And I will not allow anyone to dismantle this foundation.  Because for the first time, we can see real, tangible evidence of what the contours of the new economy will look like.  It’s an economy teeming with new industry and commerce, and humming with new energy and new technologies, and bustling with highly skilled, higher-wage workers.

It’s an America where a student graduating from college has the chance to advance through a vibrant job market, and where an entrepreneur can start a new business and succeed, and where an older worker can retool for that new job.  And to fully realize this vision requires steady, relentless investment in these areas.  We cannot let up and we cannot be complacent.  We have to be hungry as a nation.  We have to compete.  When we do — if we take the necessary steps to build on the foundation that through some really hard work we have laid over the last several years — I promise you, over the next 10 years we’ll build an economy where wage growth is stronger than it was in the past three decades.  It is achievable.

So let me just talk a little more specifically about what we should be doing right now.

First of all, we’ve got to realize that the trends that have battered the middle class for so long aren’t ones that we’re going to reverse overnight.  The facts that I just laid out don’t mean that there aren’t a lot of folks out there who are underpaid, they’re underemployed, they’re working long hours, they’re having trouble making ends meet.  I hear from them every day, I meet with them.  And it’s heartbreaking — because they’re struggling hard.  And there are no silver bullets for job creation or faster wage growth.  Anybody who tells you otherwise is not telling the truth.  But there are policies that would grow jobs and wages faster than we’re doing right now.

If we rebuild roads and bridges — because we’ve got $2 trillion of deferred maintenance on our infrastructure — we won’t just put construction workers and engineers on the job; we will revitalize entire communities, and connect people to jobs, and make it easier for businesses to ship goods around the world.  And we can pay for it with tax reform that actually cuts rates on businesses, but closes wasteful loopholes, making it even more attractive for companies to invest and create jobs here in the United States.  Let’s do this and make our economy stronger.

If we make it easier for first-time homebuyers to get a loan, we won’t just create even more construction jobs and speed up recovery in the housing market; we’ll speed up your efforts to grow a nest egg and start a new company, and send your own kids to college and graduate school someday.  So let’s help more young families buy that first home, make our economy stronger.

If we keep investing in clean energy technology, we won’t just put people to work on the assembly lines, pounding into place the zero-carbon components of a clean energy age; we’ll reduce our carbon emissions and prevent the worst costs of climate change down the road.  Let’s do this — invest in new American energy and make our economy stronger.

If we make high-quality preschool available to every child, not only will we give our kids a safe place to learn and grow while their parents go to work; we’ll give them the start that they need to succeed in school, and earn higher wages, and form more stable families of their own.  In fact, today, I’m setting a new goal:  By the end of this decade, let’s enroll 6 million children in high-quality preschool.  That is an achievable goal that we know will make our workforce stronger.  (Applause.)

If we redesign our high schools, we’ll graduate more kids with the real-world skills that lead directly to a good job in the new economy.  If we invest more in job training and apprenticeships, we’ll help more workers fill more good jobs that are coming back to this country.  If we make it easier for students to pay off their college loans, we’ll help a whole lot of young people breathe easier and feel freer to take the jobs they really want.  (Applause.)  So look, let’s do this — let’s keep reforming our education system to make sure young people at every level have a shot at success, just like folks at Northwestern do.

If we fix our broken immigration system, we won’t just prevent some of the challenges like the ones that we saw at the border this summer; we’ll encourage the best and brightest from around the world to study here and stay here, and create jobs here.  Independent economists say that a big bipartisan reform bill that the House has now blocked for over a year would grow our economy, shrink our deficits, secure our borders.  Let’s pass that bill.  Let’s make America stronger.  (Applause.)

If we want to make and sell the best products, we have to invest in the best ideas, like you do here at Northwestern.  Your nanotechnology institute doesn’t just conduct groundbreaking research; that research has spun off 20 startups and more than 1,800 products — that means jobs.  (Applause.)

Here’s another example.  Over a decade ago, America led the international effort to sequence the human genome.  One study found that every dollar we invested returned $140 to our economy.  Now, I don’t have an MBA, but that’s sounds like a good return on investment.  (Laughter and applause.)

Today, though, the world’s largest genomics center is in China.  That doesn’t mean America is slipping.  It does mean America isn’t investing.  We can’t let other countries discover the products and businesses that will shape the next century and the century after that.  So we’ve got to invest more in the kinds of basic research that led to Google and GPS, and makes our economy stronger.

If we raise the minimum wage, we won’t just put — (applause) — we won’t just put more money in workers’ pockets; they’ll spend that money at local businesses, who in turn will hire more people.

In the two years since I first asked Congress to raise the national minimum wage, 13 states and D.C. went and raised theirs.  And more business owners are joining them on their own.  It’s on the ballot in five states this November, including Illinois.  (Applause.)  And here’s the thing — recent surveys show that a majority of small business owners support a gradual increase to $10.10 an hour.  A survey just last week showed that nearly two-thirds of employers thought the minimum wage should go up in their state — and more than half of them think it should be at least $10.  So what’s stopping us?  Let’s agree that nobody who works full-time in America should ever have to raise a family in poverty.  Let’s give America a raise.  It will make the economy stronger.  (Applause.)

If we make sure a woman is paid equal to a man for her efforts — (applause) — that is not just giving women a boost.  Gentlemen, you want your wife making that money that she has earned.  (Laughter.)  It gives the entire family a boost and it gives the entire economy a boost.  Women now outpace men in college degrees and graduate degrees, but they often start their careers with lower pay.  And that gap grows over time, and that affects their families.  It’s stupid.  (Laughter and applause.)  Let’s inspire and support more women, especially in fields like science and technology and engineering and math.  (Applause.)  Let’s catch up to 2014, pass a fair pay law, make our economy stronger.

And while we’re at it, let’s get rid of the barriers that keep more moms who want to work from entering the workforce.  Let’s do what Dean Blount did here at Kellogg.  She’s been working with us at the White House, helping business and political leaders who recognize that flexibility in the workplace and paid maternity leave are actually good for business.  And let’s offer those deals to dads, too.  (Applause.)  Because we want to make sure that they can participate in child-rearing.  And let’s make sure work pays for parents who are raising young kids.  It’s a good investment.

California adopted paid leave, which boosted work and earnings for moms with young kids.  Let’s follow their lead.  Let’s make our economy stronger.

Now, none of these policies I just mentioned on their own will entirely get us to where we want to be.  But if we do these things systematically, the cumulative impact will be huge.  Unemployment will drop a little faster, which means workers will gain a little more leverage when it comes to wages and salaries, which means consumer confidence will go up, which means families will be able to spend a little more and save a little more, which means our economy grows stronger, and growth will be shared.  More people will feel this recovery, rather than just reading about it in the newspapers.  That’s the truth.

And I’m going to keep making the argument for these policies, because they are right for America.  They are supported by the facts.  And I’m always willing to work with anyone, Democrat or Republican, to get things done.  And every once in a while, we actually see a bill land on my desk from Congress.  (Laughter.)  And we do a bill signing and I look at the members, and I say — I tell them, look how much fun this is.  Let’s do this again.  Let’s do it again.  (Laughter and applause.)

But if gridlock prevails, if cooperation and compromise are no longer valued, but vilified, then I’ll keep doing everything I can on my own if it will make a difference for working Americans.  (Applause.)

I will keep teaming up with governors and mayors and CEOs and philanthropists who want to help.  Here’s an example.  There are 28 million Americans who would benefit from a minimum wage increase — 28 million.  Over the past two years, because we’ve teamed up with cities and states and businesses, and went around Congress, 7 million of them have gotten a raise.  So until Congress chooses to step up and help all of them, I’ll keep fighting to get an extra million here and an extra million there with a raise.  We’ll keep fighting for this.

And let me just say one other thing about the economy — because oftentimes you hear this from the critics:  The notion is that the agenda I’ve just outlined is somehow contrary to pro-business, capitalist, free-market values.  And since we’re here at a business school, I thought it might be useful to point out that Bloomberg, for example, I think came out with an article today saying that corporate balance sheets are the strongest just about that they’ve ever been.  Corporate debt is down.  Profits are up.  Businesses are doing good.

So this idea that somehow any of these policies — like the minimum wage or fair pay or clean energy — are somehow bad for business is simply belied by the facts.  It’s not true.  And if you talk to business leaders, even the ones who really don’t like to admit it because they don’t like me that much — (laughter) — they’ll admit that actually their balance sheets look really strong, and that this economy is doing better than our competitors around the world.  So don’t buy this notion that somehow this is an anti-business agenda.  This is a pro-business agenda.  This is a pro-economic growth agenda.

Now, I am not on the ballot this fall.  Michelle is pretty happy about that.  (Laughter.)  But make no mistake:  These policies are on the ballot — every single one of them.  This isn’t some official campaign speech, or political speech, and I’m not going to tell you who to vote for — although I suppose it is kind of implied.  (Laughter and applause.)  But what I have done is laid out my ideas to create more jobs and to grow more wages.  And I’ve also tried to correct the record — because, as I said, there’s a lot of noise out there.  Every item I ticked off, those are the facts.  It’s not conjecture.  It’s not opinion.  It’s not partisan rhetoric.  I laid out facts.

So I laid out what I know has happened over the six years of my presidency so far, and I’ve laid out an agenda for what I think should happen to make us grow even better, grow even faster.  A true opposition party should now have the courage to lay out their agenda, hopefully also grounded in facts.

There’s a reason fewer Republicans are preaching doom on deficits — it’s because the deficits have come down at almost a record pace, and they’re now manageable.  There’s a reason fewer Republicans you hear them running about Obamacare — because while good, affordable health care might seem like a fanged threat to the freedom of the American people on Fox News — (laughter) — it’s turns out it’s working pretty well in the real world.  (Applause.)

Now, when push came to shove this year, and Republicans in Congress actually had to take a stand on policies that would help the middle class and working Americans — like raising the minimum wage, or enacting fair pay, or refinancing student loans, or extending insurance for the unemployed — the answer was “no.”  But one thing they did vote “yes” on was another massive tax cut for the wealthiest Americans.  In fact, just last month, at least one top Republican in Congress said that tax cuts for those at the top are — and I’m quoting here — “even more pressing now” than they were 30 years ago.  More pressing.  When nearly all the gains of the recovery have gone to the top 1 percent, when income inequality is at as high a rate as we’ve seen in decades, I find that a little hard to swallow that they really desperately need a tax cut right now, it’s urgent.  ]

Why?  (Laughter.)  What are the facts?  What is the empirical data that would justify that position?  Kellogg Business School, you guys are all smart.  You do all this analysis.  You run the numbers.  Has anybody here seen a credible argument that that is what our economy needs right now?  Seriously.  (Laughter.)

But this is the — if you watch the debate, including on some of the business newscasts — (laughter) — and folks are just pontificating about how important this is.  Based on what?  What’s the data?  What’s the proof?  If there were any credible argument that says when those at the top do well and eventually everybody else will do well, it would have borne itself out by now.  We’d see data that that was true.  It’s not.

American economic greatness has never trickled down from the top.  It grows from a rising, thriving middle class and opportunity for working people.  That’s what makes us different.  (Applause.)

So I just want to be clear here — because you guys are going to be business leaders of the future, and you’re going to be making decisions based on logic and reason and facts and data.  And right now you’ve got two starkly different visions for this country.  And I believe, with every bone in my body, that there’s one clear choice here because it’s supported by facts.

And this is our moment to define what the next decade and beyond will look like.  This is our chance to set the conditions for middle-class growth in the 21st century.  The decisions we make this year, and over the next few years, will determine whether or not we set the stage for America’s greatness in this century just like we did in the last one — whether or not we restore the link between hard work and higher wages; whether or not we continue to invest in a skilled, educated citizenry; whether or not we rebuild an economy where everyone who works hard can get ahead.

And some of that depends on you.  There is a reason why I came to a business school instead of a school of government.  I actually believe that capitalism is the greatest force for prosperity and opportunity the world has ever known.  And I believe in private enterprise — not government, but innovators and risk-takers and makers and doers — driving job creation.

But I also believe in a higher principle, which is we’re all in this together.  (Applause.)  That’s the spirit that made the American economy work.  That’s what made the American economy not just the world’s greatest wealth creator, but the world’s greatest opportunity generator.  And because you’re America’s future business leaders and civic leaders, that makes you the stewards of America’s greatest singlet asset — and that’s our people.

So as you engage in the pursuit of profits, I challenge you to do so with a sense of purpose.  As you chase your own success, I challenge you to cultivate more ways to help more Americans chase their success.

It is the American people who’ve made the progress of the last six years possible.  It is the American people who will make our future progress possible.  It is the American people that make American business successful.  And they should share in that success.  It’s not just for you.  It’s for us.  Because it’s the American people that made the investments over the course of generations to allow you and me to be here and experience this success.  That’s the story of America.  America is a story of progress — sometimes halting, sometimes incomplete, sometimes harshly challenged.  But the story of America is a story of progress.

And it has now been six long years since our economy nearly collapsed.  Despite that shock, through the pain that so many fellow Americans felt; for all the gritty, grueling work required to come back, all the work that’s left to be done — a new foundation is laid.  A new future is yet to be written.  And I am as confident as ever that that future will be led by the United States of America.

Thank you, everybody.  God bless you.  God bless America.

END
2:06 P.M. CDT

%d bloggers like this: