All posts tagged Middle Class
Political Musings September 7, 2014: Biden campaigns for Democrats on the economy helping the middle class in address
Posted by bonniekgoodman on September 7, 2014
Political Musings September 7, 2014: Biden campaigns for Democrats on the economy helping the middle class in address
OBAMA PRESIDENCY & THE 113TH CONGRESS:
OP-EDS & ARTICLES
- September 7, 2014
Posted by bonniekgoodman on September 7, 2014
Full Text Obama Presidency September 6, 2014: Vice President Joe Biden’s Weekly Address: Time to Give the Middle Class a Chance
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Weekly Address: Time to Give the Middle Class a Chance
Source: WH, 9-6-14
WASHINGTON, DC —In this week’s address, the Vice President discusses our continued economic recovery, with 10 million private sector jobs created over the past 54 months. Yet even with this good news, too many Americans are still not seeing the effects of our recovery. As the Vice President explains, there’s more that can be done to continue to bolster our economy and ensure that middle class families benefit from the growth they helped create, including closing tax loopholes, expanding education opportunities, and raising the minimum wage.
Remarks of Vice President Joe Biden
The White House
September 6, 2014
Ladies and gentlemen, this is Joe Biden, I’m filling in for President Obama, while he addresses the NATO summit in Wales.
When the President and I took office in January of 2009, this nation was in the midst of the greatest economic crisis since the great depression. Our economy had plummeted at a rate of 8% in a single quarter – part of the fastest economic decline any time in the last half century. Millions of families were falling underwater on their homes and threatened with foreclosure. The iconic American automobile industry was under siege.
But yesterday’s jobs report was another reminder of how far we’ve come. We’ve had 54 straight months of job creation. And that’s the longest streak of uninterrupted job growth in the United States’ history.
We’ve gone from losing 9 million jobs during the financial crisis to creating 10 million jobs. We’ve reduced the unemployment rate from 10% in October of 2009 to 6.1% today. And for the first time since the 1990s, American manufacturing is steadily adding jobs – over 700,000 since 2010. And surveys of both American and foreign business leaders confirm that America once again is viewed as the best place in the world to build and invest.
That’s all good news. But an awful lot of middle class Americans are still not feeling the effects of this recovery. Since the year 2000, Gross Domestic Product – our GDP – has risen by 25%. And productivity in America is up by 30%. But middle class wages during that same time period have gone up by only fourteen cents.
Folks, it’s long past time to cut the middle class back into the deal, so they can benefit from the economic growth they helped create. Folks, there used to be a bargain in this country supported by Democrats and Republicans, business and labor. The bargain was simple. If an employee contributed to the growth and profitability of the company, they got to share in the profits and the benefits as well. That’s what built the middle class. It’s time to restore the bargain, to deal the middle class back in. Because, folks, when the middle class does well, everybody does well – the wealthy get wealthier and the poor have a way up.
You know, the middle class is not a number. It’s a value set. It means being able to own your home; raise your children in a safe neighborhood; send them to a good school where if they do well they can qualify to go to college and if they get accepted you’d be able to find a way to be able to send them to college. And in the meantime, if your parents need help, being able to take care of them, and hope to put aside enough money so that your children will not have to take care of you.
That’s the American dream. That’s what this country was built on. And that’s what we’re determined to restore.
In order to do that, it’s time to have a fair tax structure, one that values paychecks as much as unearned income and inherited wealth, to take some of the burden off of the middle class. It’s time to close tax loopholes so we can reduce the deficit, and invest in rebuilding America – our bridges, our ports, our highways, rails, providing good jobs.
With corporate profits at near record highs, we should encourage corporations to invest more in research and development and the salaries of their employees. It’s time for us to invest in educational opportunity to guarantee that we have the most highly skilled workforce in the world, for 6 out of every 10 jobs in the near term is going to require some education beyond high school. Folks, it’s long past due to increase the minimum wage that will lift millions of hardworking families out of poverty and in the process produce a ripple effect that boosts wages for the middle class and spurs economic growth for the United States of America. Economists acknowledge that if we do these and other things, wages will go up and we’ll increase the Gross Domestic Product of the United States.
My fellow Americans, we know how to do this. We’ve done it before. It’s the way we used to do business and we can do it that way again. All the middle class in this country want is a chance. No guarantee, just a chance.
Americans want to work. And when given a fair shot, the American worker has never, ever, ever, let his country down. Folks, it’s never a good bet to bet against the American people.
Thanks for listening.
May God bless you, and may God protect our troops.
Posted by bonniekgoodman on September 6, 2014
Full Text Obama Presidency June 28, 2014: President Barack Obama’s Weekly Address: Focusing on the Economic Priorities for the Middle Class Nationwide
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Weekly Address: Focusing on the Economic Priorities for the Middle Class Nationwide
Source: WH, 6-28-14
WASHINGTON, DC — In this week’s address, the President discussed his recent trip to Minneapolis where he met a working mother named Rebekah, who wrote the President to share the challenges her family and many middle class Americans are facing where they work hard and sacrifice yet still can’t seem to get ahead. But instead of focusing on growing the middle class and expanding opportunity for all, Republicans in Congress continue to block commonsense economic proposals such as raising the minimum wage, extending unemployment insurance and making college more affordable. The President will keep fighting his economic priorities in the weeks and months ahead, because he knows the best way to expand opportunity for all hardworking Americans and continue to strengthen the economy is to grow it from the middle-out.
Remarks of President Barack Obama
The White House
June 28, 2014
Hi, everybody. This week, I spent a couple days in Minneapolis, talking with people about their lives – their concerns, their successes, and their hopes for the future.
I went because of a letter I received from a working mother named Rebekah, who shared with me the hardships her young family has faced since the financial crisis. She and her husband Ben were just newlyweds expecting their first child, Jack, when the housing crash dried up his contracting business. He took what jobs he could, and Rebekah took out student loans and retrained for a new career. They sacrificed – for their kids, and for each other. And five years later, they’ve paid off debt, bought their first home, and had their second son, Henry.
In her letter to me, she wrote, “We are a strong, tight-knit family who has made it through some very, very hard times.” And in many ways, that’s America’s story these past five years. We are a strong, tight-knit family that’s made it through some very tough times.
Today, over the past 51 months, our businesses have created 9.4 million new jobs. By measure after measure, our economy is doing better than it was five years ago.
But as Rebekah also wrote in her letter, there are still too many middle-class families like hers who do everything right – who work hard and who sacrifice – but can’t seem to get ahead. It feels like the odds are stacked against them. And with just a small change in our priorities, we could fix that.
The problem is, Republicans in Congress keep blocking or voting down almost every serious idea to strengthen the middle class. This year alone, they’ve said no to raising the minimum wage, no to fair pay, no to student loan reform, no to extending unemployment insurance. And rather than invest in education that helps working families get ahead, they actually voted to give another massive tax cut to the wealthiest Americans.
This obstruction keeps the system rigged for those at the top, and rigged against the middle class. And as long as they insist on doing it, I’ll keep taking actions on my own – like the actions I’ve taken already to attract new jobs, lift workers’ wages, and help students pay off their loans. I’ll do my job. And if it makes Republicans in Congress mad that I’m trying to help people out, they can join me, and we’ll do it together.
The point is, we could do so much more as a country – as a strong, tight-knit family – if Republicans in Congress were less interested in stacking the deck for those at the top, and more interested in growing the economy for everybody.
So rather than more tax breaks for millionaires, let’s give more tax breaks to help working families pay for child care or college. Rather than protect tax loopholes that let big corporations set up tax shelters overseas, let’s put people to work rebuilding roads and bridges right here in America. Rather than stack the decks in favor of those who’ve already succeeded, let’s realize that we are stronger as a nation when we offer a fair shot to every American.
I’m going to spend some time talking about these very choices in the week ahead. That’s because we know from our history that our economy doesn’t grow from the top-down, it grows from the middle-out. We do better when the middle class does better. That’s the American way. That’s what I believe in. And that’s what I’ll keep fighting for.
Have a great Fourth of July, everybody – and good luck to Team USA down in Brazil.
Posted by bonniekgoodman on June 28, 2014
Full Text Obama Presidency June 23, 2014: President Barack Obama’s Remarks at the White House Summit on Working Families
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Remarks by President Obama at the White House Summit on Working Families | June 23, 2014
Source: WH, 6-23-14
Watch the Video
Omni Shoreham Hotel
1:51 P.M. EDT
THE PRESIDENT: This crowd looks fired up. (Applause.) Already, everybody have a seat. Have a seat. You look like you’ve been busy.
AUDIENCE MEMBERS: Yes!
AUDIENCE MEMBER: We’re just waiting on you.
THE PRESIDENT: I know that’s right. (Applause.) I know that’s right. (Laughter.) Good afternoon, everybody. Have a seat, have a seat.
AUDIENCE MEMBER: I love you, Mr. President.
THE PRESIDENT: I love you back. (Applause.) I do. Well, welcome to the White House Summit on Working Families. (Applause.) And thanks to all of you for joining us. I know that for most of you, you are taking time off of work or family, or both, to be here. And I know that’s a sacrifice. And I know just juggling schedules can be tough. And in fact, that’s one of the reasons that we are here today.
I want to thank our co-hosts, Secretary of Labor Tom Perez — give him a big round of applause — as well as Neera Tanden and everyone at the Center for American Progress for the great work that they did. (Applause.) Thanks as well to all the members of Congress who are participating, especially Nancy Pelosi and the members of the Democratic Women’s Working Group. (Applause.) And a long-time friend and champion of families and women and veterans, Connie Milstein — we could not have pulled this off without Connie’s great assistance, so we want to thank Connie. (Applause.)
So I just walked over to Chipotle for lunch. (Laughter.) I caused a lot of havoc, as you might expect. (Laughter.) It had been a while since I had the burrito bowl, and it was good. (Laughter.) And I went there with four new buddies of mine. One of them is a father of a four year old and a two month old who has worked with his wife to come up with a flexible plan where he works three or four days a week. She works three or four days a week. And the reason is because, as Roger put it, he thinks it’s important that he is able to bond with this kids just as much as his wife is.
Lisa you just heard from, who had twins who were prematurely born. And because her company was supportive, she was able to not just thrive and watch her kids grow up, but she’s also been able to be promoted and continue to succeed in her company without being on a slower track while maintaining that life-family balance, which is terrific — worth applauding.
Shirley Young from New York works at a nursing home, and she’s got older children. And she was most interested in talking about the fact that when her son — it was discovered had curvature of the spine, that she had health care that she could count on. Otherwise, there was no way that she could deal with it. And her benefits on the job were good enough that she could use her vacation time when he had to go to the doctor.
And then Shelby from Denver — (applause) — Shelby has got a little fan club here. Shelby talked about the fact that on her job it’s been a little more challenging. Her kids are older and she’s going back to school. And it is wonderful that she is actually now taking some classes with her children and they’re helping explain math to her. (Laughter.) On the other hand, she’s also got an aging parent. And when he had to go to the doctor, they don’t have a policy of paid family leave. And since it’s hard making ends meet in the first place, her dad had to end up getting on a bus for eye surgery and come back on his own, because she couldn’t afford to take the time off.
Now, each of these folks come from different parts of the country. They have different occupations, different income levels. And yet, what bound all of us together was a recognition that work gives us a sense of place and dignity, as well as income. And it is critically important, but family is also the bedrock of our lives and we don’t want a society in which folks are having to make a choice between those two things. And there are better decisions that we can make and there are not-so-good decisions that we can make as a society to support this balance between work and family.
Most of our days consist of work, family, and not much else. And those two spheres are constantly interacting with each other. When we’re with our family, sometimes we’re thinking about work, and when we’re at work, we’re thinking about family. That’s a pretty universal experience. It’s true when you are President of the United States. (Laughter.)
Now, I am lucky that my daughters were a bit older by the time I became President, so I never had to meet a world leader with Cheerios stuck to my pants. (Laughter.) That has not happened. And I’m also lucky, because we live above the store, so to speak. (Laughter.) I have a very short commute. (Laughter.) And as a consequence, we’ve been able to organize ourselves to have dinner with Michelle and the girls almost every night. And that’s pretty much the first time we’ve been able to do that in our lives. (Applause.)
But before I moved into the White House, I was away a lot sometimes with work, sometimes with campaigning. Michelle was working full-time and was at home with the responsibility all too often of dealing with everything that the girls needed. And so, I understand how lucky we are now, because there was a big chunk of time when we were doing what so many of you have to deal with every day, and that is figuring out how do we make this whole thing work.
A lot of Americans are not as lucky as we have been. It is hard sometimes just to get by. Our businesses have created jobs for 51 consecutive months — 9.4 [million] new jobs in all. (Applause.) But we all know somebody out there who is still looking for work. And there are a whole lot of people who are working harder than ever, but can’t seem to get ahead and pay all the bills at the end of the month. Despite the fact that our economy has grown and those of us at the very top have done very well, the average wage, the average income hasn’t gone up in 15 years in any meaningful way. And that means that relative to 15 years ago, a lot of families just aren’t that much better off. And the sacrifices they make for their families go beyond just missing family dinner.
You look at something like workplace flexibility. This was so important to our family when I was away, because if Malia or Sasha got sick, or the babysitter did not show up, it was Michelle who got the call. And, fortunately, she had an employer who understood if she needed to leave work in the middle of the day or change her schedule suddenly. In fact, actually when she applied for the job, she brought Sasha, who was then about six months, in her car seat into the interview — (applause) — just to kind of explain this is what you will be dealing with if you hire me. (Laughter.)
And so, they signed up for that. And that flexibility made all the difference to our families. But a lot of working moms and dads can’t do that. They don’t have the leverage. They’re not being recruited necessarily where they can dictate terms of employment. And as a consequence, if they need to bring their mom to the doctor or take an afternoon off to see their kid’s school play, it would mean them losing income that they can’t afford to lose. And even when working from home from time to time is doable, it’s often not an option — even though studies show that flexibility makes workers happier and helps companies lower turnover and raise productivity.
The same goes with paid family leave. A lot of jobs do not offer it. So when a new baby arrives or an aging parent gets sick, workers have to make painful decisions about whether they can afford to be there when their families need them the most. Many women can’t even get a paid day off to give birth. Now, that’s a pretty low bar. (Laughter.) You would think — that we should be able to take care of. (Laughter and applause.)
For many hourly workers, taking just a few days off can mean losing their job. And even though unpaid family leave is available, if you can’t pay the bills already the idea of taking a couple days off unpaid may mean you can’t make the mortgage payment or the rent payment at the end of the month.
Or look at childcare. In most countries, it costs — in most parts of the country, it costs thousands of dollars a year. In fact, in 31 states, decent childcare costs more than in-state college tuition — in 31 states, in more than half the states. I recently got a letter from a woman in Minnesota whose kids’ preschool is so expensive, it costs more than her monthly mortgage payment. Now, she’s made a determination to make that sacrifice for her kids, but a lot of working families can’t make that sacrifice. And, by the way, there are other countries that know how to do childcare well. I mean, this isn’t rocket science.
Or look at the minimum wage. Low-wage occupations disproportionately represented by women. Nearly 28 million Americans would benefit if we raised the minimum wage to $10.10 an hour. (Applause.) And we’re not just talking about young people on their first job. The average worker who would benefit from an increase in the minimum wage is 35 years old. Many have kids, a majority are women. And right now, many full-time minimum wage workers are not making enough to keep their children out of poverty.
So these are just a few of the challenges that working parents face. And every day, I hear from parents all across the country. They are doing everything right — they are working hard, they are living responsibly, they are taking care of their children, they’re participating in their community — and these letters can be heartbreaking, because at the end of the day it doesn’t feel like they’re getting ahead. And all too often, it feels like they’re slipping behind. And a lot of the time, they end up blaming themselves thinking, if I just work a little harder — if I plan a little better, if I sleep a little bit less, if I stretch every dollar a little bit farther — maybe I can do it. And that thought may have crossed the minds of some of the folks here from time to time.
Part of the purpose of this summit is to make clear you’re not alone. Because here’s the thing: These problems are not typically the result of poor planning or too little diligence on the parts of moms or dads, and they cannot just be fixed by working harder or being an even better parent. (Applause.) All too often, they are the results of outdated policies and old ways of thinking. Family leave, childcare, workplace flexibility, a decent wage — these are not frills, they are basic needs. They shouldn’t be bonuses. They should be part of our bottom line as a society. That’s what we’re striving for. (Applause.)
Parents who work full-time should earn enough to pay the bills, and they should be able to head off to work every day knowing that their children are in good hands. Workers who give their all should know that if they need a little flexibility, they can have it — because their employers understand that it’s hard to be productive if you’ve got a sick kid at home or a childcare crisis.
Talented, hard-working people should be able to say yes to a promotion or a great new opportunity without worrying about the price that their family will pay. There was a new poll by Nielsen’s that found that nearly half of all working parents say they have turned down a job not because they didn’t want it, but because it would put too much of a burden on their families. When that many members of our workforce are forced to choose between a job and their family, something’s wrong.
And here is a critical point: All too often, these issues are thought of as women’s issues, which I guess means you can kind of scoot them aside a little bit. At a time when women are nearly half of our workforce, among our most skilled workers, are the primary breadwinners in more families than ever before, anything that makes life harder for women makes life harder for families and makes life harder for children. (Applause.) When women succeed, America succeeds, so there’s no such thing as a women’s issue. (Applause.) There’s no such thing as a women’s issue. This is a family issue and an American issue — these are commonsense issues. (Applause.)
This is about you too, men. (Laughter.) Men care about having high-quality childcare. Dad’s rearrange their schedules to make it to teacher meetings and school plays, just like moms. Although somebody pointed out to me — this is a useful insight — that when dads say, yes, I’ve got to leave early to go to the parent-teacher conference, everybody in the office says, oh, isn’t that nice. (Laughter.) And then, when women do it, everybody is all like, is she really committed to the job? So there can be a double standard there. (Applause.) But sons help care for aging parents. A whole lot of fathers would love to be home for their new baby’s first weeks in the world.
People ask me what do I love most about being President, and it’s true Air Force One is on the list. (Laughter.) The Truman Balcony has a really nice view. (Laughter.) But one of the — I was telling folks the other day that one of the best perks about being President is anybody will hand you their baby — here. (Laughter.)
So I get this baby fix like two or three times a week. (Laughter.) But the reason it’s so powerful is because I remember taking the night shift when Malia was born and when Sasha was born, and being up at two in the morning changing diapers and burping them, and singing to them and reading them stories, and watching Sports Center once in a while, which I thought was good for their development. (Laughter.) It was. We want them to be well-rounded. (Laughter.)
But the point is, I was lucky enough to be able to take some time off so that I was there for the 2:00 a.m. feeding and the soothing, and just getting to know them and making sure they knew me. And that bond is irreplaceable. And I want every father and every child to have that opportunity. But that requires a society that makes it easier for us to give folks that opportunity. (Applause.)
So the bottom line is 21st-century families deserve 21st-century workplaces. (Applause.) And our economy demands them, because it’s going to help us compete. It’s going to help us lead. And that means paid family leave, especially paid parental leave. (Applause.) There is only one developed country in the world that does not offer paid maternity leave, and that is us. And that is not the list you want to be on by your lonesome. It’s time to change that, because all Americans should be able to afford to care for their families. (Applause.)
It means high-quality early education. We know that the investment we make in those early years pays off over a child’s entire lifetime. And these programs give parents a great place to know that their kids are thriving while they’re at work. Other countries know how to do this. If France can figure this out, we can figure it out. (Laughter and applause.) All our kids need to benefit from that early enrichment.
It means treating pregnant workers fairly, because too many are forced to choose between their health and their job. (Applause.) Right now, if you’re pregnant you could potentially get fired for taking too many bathroom breaks — clearly from a boss who has never been pregnant — or forced unpaid leave. That makes no sense. Congress should pass the Pregnant Workers Fairness Act without delay. (Applause.)
Speaking of Congress, by the way — (laughter) –
AUDIENCE MEMBERS: Booo –
THE PRESIDENT: No, don’t boo, vote. (Applause.) As long as Congress refuses to act on these policies, we’re going to need you to raise your voices. We need you to tell Congress don’t talk about how you support families, actually support families. Don’t talk the talk. We want you to walk the walk.
In the meantime, if Congress will not act, we’re going to need mayors to act. We’ll need governors and state legislators to act. We need CEOs to act. And I will promise you, you will have a President who will take action to support working families. (Applause.)
The good news is you don’t have to do it alone and I don’t have to do it alone. Now that’s part of the purpose of this summit is to recognize that there’s all kinds of exciting stuff going on around the country. We just have to make sure that we lift up conversations that are taking place at the kitchen table every single day. Some businesses are already taking the lead, knowing that family-friendly policies are good business practices. It’s how you keep talented employees. That’s how you build loyalty and inspire your workers to go the extra mile for your company.
Some of those businesses are represented here today. So JetBlue, for example, has a flexible, work-from-home plan in place for its customer service representatives. They found it led to happier and more productive employees, and it lowered their costs, which translated into higher profits and lower ticket prices for their customers. It was good business.
In 2007, Google realized that women were leaving the company at twice the rate that men left — and one of the reasons was that the maternity leave policy wasn’t competitive enough. So they increased paid leave for new parents — moms and dads — to five months. And that helped to cut the rate of women leaving the company in half. Good business sense.
Cisco estimates that by letting their employees telecommute, they save more than $275 million each year. They say it’s the main reason why they’re rated one of the best places to work in America.
So it’s easy to see how policies like this make for better places to work. There’s also a larger economic case for it. The strength of our economy rests on whether we’re getting the most out of our nation’s talent, whether we’re making it possible for every citizen to contribute to our growth and prosperity. We do better when we field an entire team, not just part of a team.
And the key to staying competitive in the global economy is your workforce, is your talent. Right now, too many folks are on the sidelines who have the desire and the capacity to work, but they’re held back by one obstacle or another. So it’s our job to remove those obstacles — help working parents, improve job training, improve early childhood education, invest in better infrastructure so people are getting to work safely. Just about everything I do as President is to make sure that we’re not leaving any of our nation’s talent behind. That’s what this summit is all about.
AUDIENCE MEMBER: Working families love you, Mr. President.
THE PRESIDENT: Well, thank you. (Applause.) So we’re seeing businesses set a good examples. We’ve got states who are setting a good example. California, Rhode Island, and New Jersey all gave workers paid family leave. Connecticut offers paid sick days and so does New York City. (Applause.) Since I asked Congress to raise the minimum wage last year — they’ve been a little slow, shockingly, but 13 states have taken steps to raise it on their own. (Applause.) In my State of the Union address this year, I asked mayors and governors and CEOs — do what you can to raise your workers’ wages, and a lot of them are. A lot of them are doing it.
Because even if Republicans in Congress refuse to budge on this issue this year, everybody knows America deserves a raise, including Republican voters out there. There are a lot of them who support it. And I’ve said I will work with anybody — Democrat or Republican — to increase opportunities for American workers. And Nancy Pelosi is ready to work. (Applause.)
Now, many of these issues, they’re not partisan until they get to Washington. Back home, to folks sitting around the kitchen table, this isn’t partisan. Nobody says, I don’t know, I’m not sure whether the Republican platform agrees with paid family leave. They’re thinking, I could really use a couple of paid days off to take care of dad, regardless of what their party affiliation is.
So even as we’re waiting for Congress, whenever I can act on my own, I’m going to. That’s why we raised the minimum wage for employees of federal contractors. (Applause.) Nobody who cooks our troops’ meals or washes their dishes should have to live in poverty. That’s a disgrace. That’s why I ordered Tom Perez, our Secretary of Labor, to review overtime protections for millions of workers to make sure they’re getting the pay that they deserve. (Applause.)
That’s why I signed an executive order preventing retaliation against federally contracted workers who share their salary information or raise issues of unequal compensation –because I think if you do the same work, you should get the same pay and you should be able to enforce it, which is why Congress should pass the Paycheck Fairness Act today for all workers and not just federally-contracted workers. (Applause.)
And yes, that’s why I fought to pass the Affordable Care Act, to give every American access to high-quality affordable care no matter where they work. (Applause.) So far, over 8 million people have enrolled in plans through the ACA. Millions with preexisting conditions have been prevented or have been confident that their insurance companies have not been able to block them from getting health insurance. And by the way, women are no longer charged more for being women.
They’re getting the basic care they need, including reproductive care. And millions are now free to take the best job for their families without worrying about losing their health care. Today, I’m going to sign a presidential memorandum directing every agency in the federal government to expand access to flexible work schedules, and giving employees the right to request those flexible work schedules. (Applause.)
Because whether it’s the public sector or the private sector, if there’s a way to make our employees more productive and happier, every employer should want to find it. And to help parents trying to get ahead, I’m going to direct my Secretary of Labor, Tom Perez, to invest $25 million in helping people who want to enroll in jobs programs, but don’t currently have access to the childcare that they need to enroll in those job training programs. (Applause.) We’re going to make it easier for parents to get the training they need to get a good job. (Applause.)
So we’re going to do everything we can to create more jobs and more opportunity for Americans. And then, let me just close by saying that I was interviewed in the run up to this on Friday. Somebody asked, well, it’s well-known that women are more likely to vote for Democrats — to which I said, women are smarter. This is true. (Applause.)
But they said, so isn’t this Working Families Summit political? And I said, no, I take this personally. I was raised by strong women who worked hard to support my sister and me. (Applause.) I saw what it was like for a single mom who was trying to go to school and work at the same time. And I remember her coming home and having to try to fix us dinner, and me saying, are we eating that again? (Laughter.) And she saying, you know what, buddy, I really don’t want to hear anything out of you right now, because I’ve got to go do some homework after this.
And I remember times where my mom had to take some food stamps to make sure that we had enough nutritious food in the house, and I know what she went through. I know what my grandmother went through, working her way up from a secretary to the vice president of a bank. But she should have run the bank, except she hit a glass ceiling and was training people who would leapfrog ahead of her year after year. I know what that’s like. I’ve seen it.
I take this personally, because I’m the husband of a brilliant woman who struggled to balance work and raising our girls when I was away. And I remember the stresses that were on Michelle, which I’m sure she’ll be happy to share with you later today. (Laughter.) And most of all, I take it personally, because I am the father of two unbelievable young ladies. (Applause.) And I want them to be able to have families. And I want them to be able to have careers. And I want them to go as far as their dreams will take them. And I want a society that supports that.
And I take this personally as the President of the country that built the greatest middle class the world has ever known and inspired people to reach new heights and invent, and innovate, and drew immigrants from every corner of the world because they understood that no matter what you look like or where you come from, here in America you can make it. That’s the promise of America. That’s what we’re going to keep on fighting for. That’s what you’re fighting for. That’s what this summit is all about.
Let’s go out there and get to work. Thank you, guys. I love you. God bless you. God bless America.
2:21 P.M. EDT
Posted by bonniekgoodman on June 23, 2014
Political Headlines August 7, 2013: President Obama’s Talks Housing & Mortgage Reform at Town Hall on Real Estate Site Zillow
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Obama ‘Would Save Some Money’ by Refinancing Chicago Home
MLADEN ANTONOV/AFP/Getty Images
President Obama personalized the promotion of his housing agenda Wednesday, saying he would save money by refinancing his family’s home in Chicago.
“I would probably benefit from refinancing right now. I would save some money,” the president said in an online forum hosted by real estate website Zillow….READ MORE
Posted by bonniekgoodman on August 7, 2013
Political Musings August 7, 2013: President Barack Obama unveils mortgage plan to restore housing market in Phoenix, Arizona speech
HISTORY, NEWS & POLITICS
HISTORY & POLITICAL HEADLINES
- August 7, 2013
Posted by bonniekgoodman on August 7, 2013
Full Text Obama Presidency August 6, 2013: President Barack Obama’s Speech on Mortgage Reform, Housing Market and the Economy at Vista High School in Arizona — Transcript
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Obama speech in Arizona: Full transcript of President’s speech at Desert Vista High School
Over the past couple weeks, I’ve been visiting towns like this talking about what we need to do as a country to secure a better bargain for the middle class – a national strategy to make sure everyone who works hard has a chance to succeed in the 21 st century economy.
For the past four and a half years, we’ve been fighting our way back from a devastating recession that cost millions of Americans their jobs, their homes, and their savings – a recession that laid bare the long erosion of middle-class security.
Together, we took on a broken health care system and a housing market in freefall. We invested in new American technologies to reverse our addiction to foreign oil. We changed a tax code that had become tilted in favor of the wealthiest at the expense of working families. We saved the auto industry, and now GM plans to hire 1,000 new workers right next door in Chandler to make sure we build some of the most high-tech cars in the world right here in America.
Today, our businesses have created 7.3 million new jobs over the last 41 months. We now sell more products made in America to the rest of the world than ever before. We produce more renewable energy than ever, and more natural gas than anyone. Health care costs are growing at the slowest rate in 50 years. And our deficits are falling at the fastest rate in 60 years.
Thanks to the grit and resilience of the American people, we’ve cleared away the rubble from the financial crisis, and begun to lay a new foundation for stronger, more durable economic growth. But as any middle-class family will tell you, we’re not where we need to be yet. Even before the crisis hit, we were living through a decade where a few at the top were doing better and better, while most families were working harder and harder just to get by.
Reversing this trend must be Washington’s highest priority. It’s certainly my highest priority. But for most of this year, an endless parade of distractions, political posturing, and phony scandals have shifted focus from what we need to do to shore up the middle class. And as Washington heads towards another budget debate, the stakes could not be higher.
That’s why I’m laying out my ideas for how we must build on the cornerstones of what it means to be middle class in America. A good job with good wages. A home to call your own. A good education. Affordable health care that’s there for you when you get sick. A secure retirement even if you’re not rich. And more chances for folks to earn their way into the middle class as long as they’re willing to work for it.
Last Tuesday, I went to Tennessee to talk about that first cornerstone, and lay out a grand bargain for middle-class jobs. And today, I’ve come to Phoenix to talk about that second, most tangible cornerstone at the heart of middle-class life: the chance to own your own home.
A home is supposed to be our ultimate evidence that in America, hard work pays off, and responsibility is rewarded. I think of my grandparents’ generation. After my grandfather served in World War II, this country gave him the chance to go to college on the GI Bill, and buy his first home with a loan from the FHA. To him, and to generations of Americans before and since, a home was more than just a house. A home was a source of pride and security. It was a place to raise children, put down roots, and build up savings for college, or a business, or retirement. And buying a home required responsibility on everyone’s part – banks were supposed to give you a fair deal, with terms you could understand, and buyers were supposed to live within their means. In my grandfather’s America, houses weren’t for flipping – they were for living in.
But over time, responsibility too often gave way to recklessness – on the part of lenders who sold loans to people who couldn’t afford them, and buyers who knew they couldn’t afford them. And when the housing bubble burst, triggering the recession, millions of Americans who had done everything right were hurt badly by the actions of others. By the time I took office, home values had fallen almost 20% from the year before. New housing starts had fallen nearly 80% from their peak. Hundreds of thousands of construction workers had lost their jobs. A record number of people were behind on their mortgages. And the storm hit harder here in Phoenix than almost anywhere.
So less than a month after I took office, I came here to Arizona and laid out steps to stabilize the housing market and help responsible homeowners get back on their feet. And while it’s been a long, slow process that’s taken longer than any of us would like, we’ve helped millions of Americans save an average of $3,000 each year by refinancing at lower rates, and we’ve helped millions of responsible homeowners stay in their homes.
where Congress wouldn’t act, we did. Over the past few years, the Department of Justice stood up for buyers who were discriminated against or conned by predatory lenders, winning more money for victims of discrimination last year alone than in the previous 23 combined. We worked with states to force big banks to repay more than $50 billion dollars to more than 1.5 million families – the largest lending settlement in history. We’ve extended the time folks who’ve lost their jobs can delay payments on their mortgages while they keep looking for work. And we’ve cracked down on the bad practices that led to the crisis in the first place – because if something is called a “liar’s loan,” it’s probably a bad idea.
Today, our housing market is healing. Home prices are rising at the fastest pace in 7 years. Sales are up nearly 50%. Construction is up nearly 75%. New foreclosures are down by nearly two-thirds. Millions of families have been able to come up for air, because they’re no longer underwater on their mortgages. And even though we’re not where we were need to be yet, Phoenix has led one of the biggest comebacks in the country. Home prices have risen by nearly 20% over the last year. New home sales are up by more than 25%. A company I visited this morning, Erickson Construction, shrank to less than 100 workers during the worst years of the crisis. Today they employ 580 people – and they’re hiring even more.
Now we have to build on this progress. We give to more hard-working Americans the chance to buy their first home. We have to help more responsible homeowners refinance their mortgage. And above all, we have to turn the page on the bubble-and-bust mentality that created this mess, and build a housing system that’s durable and fair and rewards responsibility for generations to come.
Some of the ideas I put forward today will be new. Some will be old ideas Congress hasn’t acted on yet. But like the other actions we’ve taken, these will not help the neighbors down the street who bought a house they couldn’t afford, then walked away and left a foreclosed home behind. It won’t help speculators who bought multiple homes just to make a quick buck.
What these ideas will do is help millions of responsible, middle-class homeowners who still need relief, and working Americans who dream of owning their own home fair and square. And there are immediate actions we can take, right now, that would make a difference.
Step one is for Congress to pass a good, bipartisan idea, and allow every homeowner to save thousands of dollars a year by refinancing their mortgage at today’s rates. Let’s get that done.
Step two: now that we’ve made it harder for reckless buyers to buy homes they can’t afford, let’s make it easier for qualified buyers to buy homes they can. We should simplify overlapping regulations and cut red tape for responsible families who want to get a mortgage, but who keep getting rejected by banks. And we should give well-qualified Americans who lost their jobs during the crisis a fair chance to get a loan if they’ve worked hard to repair their credit.
Step three is something you don’t always hear about when it comes to the housing market – and that’s fixing a broken immigration system. It’s pretty simple: when more people buy homes, and play by the rules, home values go up for everybody. According to one recent study, the average homeowner has already seen the value of their home boosted by thousands of dollars, just because of immigration. Now, with the help of your Senators, John McCain and Jeff Flake, the Senate has already passed a bipartisan immigration bill that’s got the support of CEOs, labor, and law enforcement. And considering what this bill can do for homeowners, that’s just one more reason Republicans in the House should stop dragging their feet and get this done.
Step four: we should address the uneven recovery by rebuilding the communities hit hardest by the housing crisis, including many right here in Arizona. Let’s put construction workers back to work repairing rundown homes and tearing down vacant properties. Places facing a longer road back from the crisis should have their country’s help to get there.
Step five: we should make sure families that don’t want to buy a home, or can’t yet afford to buy one, have a decent place to rent. In the run-up to the crisis, banks and the government too often made everyone feel like they had to own a home, even if they weren’t ready. That’s a mistake we shouldn’t repeat. Instead, let’s invest in affordable rental housing. And let’s bring together cities and states to address local barriers that drive up rent for working families.
Helping more Americans refinance. Helping qualified families get a mortgage. Reforming our immigration system. Rebuilding the hardest-hit communities. Making sure folks have a decent place to rent. These steps will give more middle-class families the chance to buy their own home, more relief
to responsible homeowners, and more options for families who aren’t yet ready to buy. But as home prices rise, we can’t just re-inflate a housing bubble. That’s the second thing I’m here to talk about today: laying a rock-solid foundation to make sure the kind of crisis we just went through never happens again.
That begins with winding down the companies known as Fannie Mae and Freddie Mac. For too long, these companies were allowed to make big profits buying mortgages, knowing that if their bets went bad, taxpayers would be left holding the bag. It was “heads we win, tails you lose.” And it was wrong.
The good news is that there’s a bipartisan group of Senators working to end Fannie and Freddie as we know them. I support these kinds of efforts, and today I want to lay out four core principles for what I believe this reform should look like.
First, private capital should take a bigger role in the mortgage market. I know that must sound confusing to the folks who call me a raging socialist every day. But just like the health care law that set clear rules for insurance companies to protect consumers and make it more affordable for millions to buy coverage on the private market, I believe that while our housing system must have a limited government role, private lending should be the backbone of the housing market, including community-based lenders who view their borrowers not as a number, but as a neighbor.
Second, no more leaving taxpayers on the hook for irresponsibility or bad decisions. We encourage the pursuit of profit – but the era of expecting a bailout after your pursuit of profit puts the whole country at risk is over.
Third, we should preserve access to safe and simple mortgage products like the 30-year, fixed-rate mortgage. That’s something families should be able to rely on when they make the most important purchase of their lives.
Fourth, we have to keep housing affordable for first-time homebuyers and families working to climb into the middle class. We need to strengthen the FHA so it gives today’s families the same kind of chance it gave my grandparents, and preserves that rung on the ladder of opportunity. And we need to support affordable rental housing and keep up our fight against homelessness. Since I took office we’ve helped bring one in four homeless veterans off the streets. Here in Phoenix, thanks to the hard work of everyone from Mayor Stanton to the local United Way to US Airways, you’re on track to end chronic homelessness for veterans by 2014. But we have to keep going, because nobody in America, and certainly no veteran, should be left to live on the street.
Putting these principles in place will protect our entire economy, but we also need to do more to give individual homeowners the tools they need to protect themselves. The Consumer Financial Protection Bureau we created is laying down new rules of the road that every family can count on when they’re shopping for a mortgage. They’re designing a new, simple mortgage form in plain English, with no fine print, so you know before you owe. And I’m glad the Senate finally confirmed Richard Cordray as the head watchdog at the CFPB, so he can aggressively protect homeowners and consumers.
But when it comes to some of the other leaders we need to look out for the American people, the Senate still has to do its job. Months ago, I nominated a man named Mel Watt to be our nation’s top housing regulator. Mel’s represented the people of North Carolina in Congress for 20 years, and in that time, he worked with banks and borrowers to protect consumers and help responsible lenders provide credit. He’s the right person for the job, and Congress should give his nomination an up-or-down vote without any more obstruction or delay.
Now I want to be clear: no program or policy will solve all the problems in a multi-trillion dollar housing market. The heights the housing bubble reached before it burst were unsustainable, and it will take time to fully recover. But if we take the steps I put forward today, then I know we will restore not just our home values, but our common values. We’ll make owning a home a symbol of responsibility and a source of security for generations to come, just like it was for my grandparents, and just like I want it to be for our grandchildren.
And if we follow the strategy I am laying out for our entire economy: for jobs, housing, education, healthcare, retirement, and climbing the ladders of opportunity, then I have no doubt we will secure that better bargain where hard work is once again rewarded with a shot at a middle-class life. More Americans will know the pride of that first paycheck. More will know the satisfaction of flipping the sign to “Open” on their own business. More will know the joy of etching a child’s height into the door of their new home.
We can do all this if we work together. It won’t be easy, but if we’re willing to take a few bold steps – and if Washington will just end
the gridlock and set aside the kind of slash-and-burn partisanship we’ve seen these past few years – our economy will be stronger a year from now. And five years from now. And ten years from now. And as long as I have the privilege of serving as your President, I’ll spend every minute of every day I have left in this office doing everything I can to build that better bargain for the middle class and make this country a place where everyone who works hard can get ahead.
Thank you, Arizona. God bless you, and God bless the United States of America.
Posted by bonniekgoodman on August 6, 2013
Full Text Obama Presidency August 3, 2013: President Barack Obama’s Weekly Address: Pitching a ‘Grand Bargain’ for the Middle Class
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Obama’s Weekly Address: Pitching a ‘Grand Bargain’ for the Middle Class
SAUL LOEB/AFP/Getty Images
Highlighting his new “grand bargain” offer to Republicans, President Obama says his plan to couple corporate tax reform with investments in programs to create middle class jobs has the potential to break through the “Washington logjam.”…READ MORE
Weekly Address: Securing a Better Bargain for the Middle Class
Source: WH, 8-3-13
In this week’s address, President Obama told the American people that his plan for creating a better bargain for the middle class builds on the progress we’ve made, fighting our way back from the worst economic recession of our lifetimes. The President underscored the need for Congress to end the logjam in Washington and act on his plan that strengthens the cornerstones of what it means to be middle class in America: a good job, a home that is your own, affordable health care, and a secure retirement.
Remarks of President Barack Obama
The White House
August 3, 2013
Hi, everybody. This week, I went down to an Amazon warehouse in Tennessee to talk more about what we need to do to secure a better bargain for the middle class – to make sure that anyone who works hard can get ahead in the 21st century economy.
Over the past four and a half years, we’ve fought our way back from the worst recession of our lifetimes and begun to lay a foundation for stronger, more durable economic growth. Today, our businesses have created 7.3 million new jobs over the last 41 months. We now sell more products made in America to the rest of the world than ever before. Health care costs are growing at the slowest rate in 50 years, and our deficits are falling at the fastest rate in 60 years.
But as any middle-class family will tell you, we’re not where we need to be yet. Even before the crisis hit, we were living through a decade where a few at the top were doing better and better, while most families were working harder and harder just to get by.
Reversing this trend must be Washington’s highest priority. It’s certainly mine. But too often over the past two years, Washington has taken its eye off the ball. They’ve allowed an endless parade of political posturing and phony scandals to distract from growing our economy and strengthening the middle class.
That’s why I’m laying out my ideas for how we can build on the cornerstones of what it means to be middle class in America. A good education. A home of your own. Health care when you get sick. A secure retirement even if you’re not rich. And the most important cornerstone of all: a good job in a durable, growing industry.
When it comes to creating more good jobs that pay decent wages, the problem is not a lack of ideas. Plenty of independent economists, business owners and people from both parties agree on what we have to do. I proposed many of these ideas two years ago in the American Jobs Act. And this week, I put forward common-sense proposals for how we can create more jobs in manufacturing; in wind, solar and natural gas; and by rebuilding America’s infrastructure.
What we’re lacking is action from Washington. And that’s why, in addition to proposing ideas that we know will grow our economy, I’ve also put forward a strategy for breaking through the Washington logjam – a “grand bargain” for the middle class.
I’m willing to work with Republicans to simplify our tax code for businesses large and small, but only if we take the money we save by transitioning to a simpler tax system and make a significant investment in creating good, middle-class jobs. We can put construction workers back on the job rebuilding our infrastructure. We can boost manufacturing, so more American companies can sell their products around the world. And we can help our community colleges arm our workers with the skills they need in a global economy – all without adding a dime to the deficit.
I’ll keep laying out my ideas to give the middle class a better shot in the 21st century, and I’ll keep reaching out to Republicans for theirs. But gutting critical investments in our future and threatening national default on the bills that Congress has already racked up – that’s not an economic plan. Denying health care to millions of Americans, or shutting down the government just because I’m for keeping it open – that won’t help the middle class.
The truth is, there are no gimmicks when it comes to creating jobs. There are no tricks to grow the economy. Reversing the long erosion of middle-class security in this country won’t be easy. But if we work together and take a few bold steps – and if Washington is willing to set aside politics and focus on what really matters – we can grow our economy and give the middle class a better bargain. And together, we can make this country a place where everyone who works hard can get ahead.
Thanks, and have a great weekend.
Posted by bonniekgoodman on August 3, 2013
Full Text Obama Presidency July 30, 2013: President Barack Obama’s Speech on Jobs for the Middle Class Unveils “Grand Bargain”
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Remarks by the President on Jobs for the Middle Class
Source: WH, 7-30-13
Amazon Chattanooga Fulfillment Center
2:00 P.M. EDT
THE PRESIDENT: Hello, Chattanooga! (Applause.) It is good to be back in Tennessee. (Applause.) It’s great to be here at Amazon. (Applause.)
I want to thank Lydia for the introduction and sharing her story. Give Lydia a big round of applause. (Applause.) So this is something here. I just finished getting a tour of just one little corner of this massive facility — size of 28 football fields. Last year, during the busiest day of the Christmas rush, customers around the world ordered more than 300 items from Amazon every second, and a lot of those traveled through this building. So this is kind of like the North Pole of the south right here. (Applause.) Got a bunch of good-looking elves here.
Before we start, I want to recognize your general manager, Mike Thomas. (Applause.) My tour guide and your vice president, Dave Clark. (Applause.) You’ve got the Mayor of Chattanooga, Andy Berke. (Applause.) And you’ve got one of the finest gentlemen I know, your Congressman, Jim Cooper. (Applause.) So thank you all for being here.
So I’ve come here today to talk a little more about something I was discussing last week, and that’s what we need to do as a country to secure a better bargain for the middle class -– a national strategy to make sure that every single person who’s willing to work hard in this country has a chance to succeed in the 21st century economy. (Applause.)
Now, you heard from Lydia, so you know — because many of you went through it — over the past four and a half years, we’ve been fighting our way back from the worst recession since the Great Depression, and it cost millions of Americans their jobs and their homes and their savings. And part of what it did is it laid bare the long-term erosion that’s been happening when it comes to middle-class security.
But because the American people are resilient, we bounced back. Together, we’ve righted the ship. We took on a broken health care system. We invested in new American technologies to reverse our addiction to foreign oil. Changed a tax code that had become tilted too much in favor of the wealthy at the expense of working families. Saved the auto industry, and thanks to GM and the UAW working together, we’re bringing jobs back here to America, including 1,800 autoworkers in Spring Hill. (Applause.) 1,800 workers in Spring Hill are on the job today where a plant was once closed.
Today, our businesses have created 7.2 million new jobs over the last 40 months. This year, we’re off to our best private-sector jobs growth since 1999. We now sell more products made in America to the rest of the world than ever before. (Applause.) We produce more renewable energy than ever. We produce more natural gas than anybody else in the world. (Applause.) Health care costs are growing at the slowest rate in 50 years. Our deficits are falling at the fastest rate in 60 years. (Applause.)
So thanks to hardworking folks like you, thanks to the grit and resilience of the American people, we’ve been able to clear away some of the rubble from the financial crisis. We’ve started to lay a new foundation for a stronger, more durable America — the kind of economic growth that’s broad-based, the foundation required to make this century another American century.
But as I said last week, and as any middle-class family will tell you, we’re not there yet. Even before the financial crisis hit, we were going through a decade where a few at the top were doing better and better, but most families were working harder and harder just to get by. And reversing that trend should be Washington’s highest priority. (Applause.) It’s my highest priority.
But so far, for most of this year, we’ve seen an endless parade of distractions and political posturing and phony scandals. And we keep on shifting our way — shifting our attention away from what we should be focused on, which is how do we strengthen the middle class and grow the economy for everybody. (Applause.) And as Washington heads towards yet another budget debate, the stakes couldn’t be higher.
And that’s why I’m visiting cities and towns like this -– to lay out my ideas for how we can build on the cornerstone of what it means to be middle class in America. A good job with good wages. A good education. (Applause.) A home to call your own. (Applause.) Affordable health care that’s there for you when you get sick. (Applause.) A secure retirement even if you’re not rich. (Applause.) More chances for folks to earn their way into the middle class as long as they’re willing to work for it. And, most importantly, the chance to pass on a better future for our kids. (Applause.)
So I’m doing a series of speeches over the next several weeks, but I came to Chattanooga today to talk about the first and most important cornerstone of middle-class security, and that’s a good job in a durable, growing industry. (Applause.)
It’s hard to get the other stuff going if you don’t have a good job. And the truth is everything I’m going to be talking about over the next several weeks really is about jobs. Because preparing our children and our workers for the global competition they’ll face, that’s about jobs. A housing finance system that makes it easier and safer to buy and build new homes, that’s about jobs in the construction industry. Health care that frees you from the fear of losing everything after you’ve worked so hard, and then having the freedom to maybe start your own business because you know you’ll be able to get health care, that’s about jobs. And, obviously, retirement benefits speak to the quality of our jobs.
And let me say this, it’s something everybody here understands: Jobs are about more than just paying the bills. Jobs are about more than just statistics. We’ve never just defined having a job as having a paycheck here in America. A job is a source of pride, is a source of dignity. It’s the way you look after your family. (Applause.) It’s proof that you’re doing the right things and meeting your responsibilities and contributing to the fabric of your community and helping to build the country. That’s what a job is all about. It’s not just about a paycheck. It’s not just about paying the bills. It’s also about knowing that what you’re doing is important, that it counts.
So we should be doing everything we can as a country to create more good jobs that pay good wages. Period. (Applause.)
Now, here’s the thing, Chattanooga, the problem is not that we don’t have ideas about how we could create even more jobs. We’ve got a lot of ideas out there. There are plenty of independent economists, plenty of business owners, people from both parties agree on some of the ingredients that we need for creating good jobs. And you’ve heard them debated again and again over these past few years. I proposed a lot of these ideas myself. Just two years ago, I announced the American Jobs Act — full of ideas that every independent economist said would create more jobs. Some were passed by Congress. But I got to admit, most of them weren’t. Sometimes there were ideas that historically had Republican support and for some reason suddenly Republicans didn’t want to support them anymore.
Putting people back to work rebuilding America’s infrastructure. Equipping our kids and our workers with the best skills. Leading the world in scientific research that helps to pave the way for new jobs in new industries. Accelerating our clean energy and natural gas revolutions. Fixing a broken immigration system so that American workers aren’t undercut, undermined because some businesses are unscrupulous and hiring folks and not paying them decent wages. (Applause.)
Independent economists say immigration reform would boost our economy by more than a trillion dollars. So we’ve got ideas out there we know can work. And if we don’t make these investments, if we don’t make these reforms, then we might as well be waving the white flag to the rest of the world, because they’re moving forward. They’re not slowing down. China, Germany, India — they’re going. And we can’t just sit by and do nothing. Doing nothing doesn’t help the middle class. (Applause.)
So today, I came here to offer a framework that might help break through some of the political logjam in Washington and try to get Congress to start moving on some of these proven ideas. But let me briefly outline some of the areas I think we need to focus on if we want to create good jobs, with good wages, in durable industries -– areas that will fuel our future growth.
Number one — jobs in American manufacturing. (Applause.) Over the past four years, for the first time since the 1990s, the number of manufacturing jobs in America hasn’t gone down, it’s actually gone up. (Applause.) So the trend lines are good; now we’ve got to build on that progress. I want to offer new incentives for manufacturers not to ship jobs overseas, but to bring them back here to America. (Applause.) I want new tax credits so communities hit hardest by plant closures can attract new investment. (Applause.)
In my State of the Union address, I asked Congress to build on a successful pilot program we’ve set up. We want to create not just 15 manufacturing innovation institutes that connect businesses and universities and federal agencies to help communities left behind by global competition to become centers of high-tech jobs. Today, I’m asking Congress to build on this bipartisan support and triple that number from 15 to 45 — these hubs — where we’re getting businesses, universities, communities all to work together to develop centers of high-tech industries all throughout the United States that allow us to be at the forefront of the next revolution of manufacturing. I want it made here in the United States of America. I don’t want that happening overseas. (Applause.)
Number two — I talked about this last week — jobs rebuilding our infrastructure. I look at this amazing facility and you guys, you don’t miss a beat. I mean, you’ve got these packages coming out. You’ve got dog food and Kindles and beard trimmers. (Laughter.) I mean, there’s all kinds of stuff around here. But once it’s packed up, it’s got to get to the customer. And how quickly and how dependably it gets to the customer depends on do we have good roads, do we have good bridges, do we have state-of-the-art airports.
We’ve got about $2 trillion of deferred maintenance here in this country. So let’s put more construction workers back on the job doing the work America needs done. (Applause.) These are vital projects that Amazon needs, businesses all across the country need, like widening Route 27 here in Chattanooga — (applause) — deepening the Jacksonville Port that I visited last week. These are projects vital to our national pride.
We’re going to be breaking ground this week at the St. Louis Arch. Congress should pass what I’ve called my “Fix-It-First” plan to put people to work immediately on our most urgent repairs, like the 100,000 bridges that are old enough to qualify for Medicare. That will create good middle-class jobs right now. (Applause.) And we should partner with the private sector to upgrade what businesses like Amazon need most. We should have a modern air traffic control system to keep planes running on time. We should have modern power grids and pipelines to survive a storm. We should have modern schools to prepare our kids for the jobs of tomorrow. (Applause.)
Number three, we need to keep creating good jobs in energy — in wind and solar and natural gas. Those new energy sources are reducing energy costs. They’re reducing dangerous carbon pollution. They’re reducing our dependence on foreign oil. So now is not the time to gut investments in American technology. Now is the time to double down on renewable energy and biofuels and electric vehicles, and to put money into the research that will shift our cars and trucks off oil for good. (Applause.)
And let me tell you, cheaper costs of natural gas is a huge boost to our businesses here in America, so we should develop it even more. We’ve got to do it in a way that protects our air and our water for our children and future generations. But we can do that. We’ve got the technology to do it.
Number four, we’ve got to export more. We want to send American goods all around the world. (Applause.) A year ago, I signed a new trade agreement with Korea, because they were selling a lot of Hyundais here, but we weren’t selling a lot of GM cars over there. Since we signed that deal, our Big Three automakers are selling 18 percent more cars in Korea than they were. (Applause.)
So now we’ve got to help more of our businesses do the same thing. I’m asking Congress for the authority to negotiate the best trade deals possible for our workers, and combine it with robust training and assistance measures to make sure our workers have the support and the skills they need for this new global competition. And we’re going to have to sharpen our competitive edge in the global job marketplace.
Two years ago, we created something called SelectUSA. This is a coordinated effort to attract foreign companies looking to invest and create jobs here in the United States. And today I’m directing my Cabinet to expand these efforts. And this October, I’m going to bring business leaders from around the world, and I’m going to connect them to state leaders and local leaders like your mayor who are ready to prove there’s no better place to do business than right here in the United States of America. (Applause.)
Number five — let’s do more to help the more than 4 million long-term unemployed Americans that are out there. (Applause.) One of the problems is a lot of folks, they lose their jobs during this really bad recession through no fault of their own. They’ve got what it takes to fill that job opening, but because they’ve been out of work so long employers won’t even give their application a fair look. (Applause.)
So I’m challenging CEOs to do more to get these Americans back on their feet. And I’m going to bring together the CEOs and companies that are putting in place some of the best practices for recruiting and training and hiring workers who have been out of work for a long time, but want the chance to show that they’re ready to go back to work. (Applause.)
And at the same time, I’m calling on our businesses to do more for their workers. (Applause.) Amazon is a great example of what’s possible. What you’re doing here at Amazon with your Career Choice Program pays 95 percent of the tuition for employees who want to earn skills in fields with high demand — not just, by the way, jobs here at Amazon, but jobs anywhere — computer-aided design or nursing. I talked to Jeff Bezos yesterday, and he was so proud of the fact that he wants to see every employee at Amazon continually upgrade their skills and improve. And if they’ve got a dream they want to pursue, Amazon wants to help them pursue it. (Applause.)
That’s the kind of approach that we need from America’s businesses. Offering training programs, health care, retirement plans, paying better wages — that’s not just the right thing to do, it’s actually good for your bottom line. A recent study shows that when a company makes the list of the “100 Best Companies to Work for in America,” its share price outperforms its competitors, because the stock market and investors, they know if a company has employees that are motivated and happy, that business is more likely to succeed. (Applause.) That business is more likely to succeed.
And because nobody who works full-time in America should have to live in poverty, I’m going to keep on making the case and fighting for the fact that we need to raise our minimum wage, because right now it’s in lower terms than it was when Ronald Reagan took office. (Applause.) When folks have more money in their pockets, that’s good for Amazon; it means your customers have a little more money. They can order a little more of that protein powder. (Laughter.) I noticed a lot of folks were ordering protein power. Everybody is trying to get bulked up. (Laughter.)
So here’s — those are some of the ideas that we’re out there, we’re promoting. We’re not lacking for ideas, we’re just lacking action, especially out of Washington. (Applause.)
For most of the past two years, Washington has just taken its eye off the ball when it comes to the middle class. And I’ll tell you — look, there are a growing number of — the good news is there are a growing number of Republican senators who are trying to work with Democrats to get some stuff done. (Applause.) That’s good news.
The bad news is that rather than keep our focus on what should be our priority — which is growing our economy and creating good middle-class jobs — we’ve seen a certain faction of Republicans in Congress hurt a fragile recovery by saying that they wouldn’t pay the very bills that Congress racked up in the first place, threatening to shut down the people’s government if they can’t get rid of Obamacare. Instead of reducing our deficits with a scalpel to get rid of programs we don’t need, but keep vital investments that we do, this same group has kept in place this meat cleaver called the sequester that is just slashing all kinds of important investments in education and research and our military. All the things that are needed to make this country a magnet for good middle-class jobs, those things are being cut.
And these moves don’t just hurt our economy in the long term; they hurt our middle class right now. The independent Congressional Budget Office estimates that the cuts that are being made right now in Washington will cost our economy 750,000 jobs this year; 900,000 fewer jobs next year. And a lot of the jobs at risk are at small businesses that contract with our military or our federal agencies.
Over the past four years, another 700,000 workers at the federal, state, and local levels of government have lost their jobs. These are cops and firefighters, and about half of them are people who work in our schools. Those are real jobs. It doesn’t help a company like Amazon when a teacher or a cop or a firefighter loses their job. They don’t have money to place an order. That’s hundreds of thousands of customers who have less money to spend.
If those layoffs had not happened, if public sector employees grew like they did in the past two recessions, the unemployment rate would be 6.5 percent instead of 7.5 percent. Our economy would be much better off, and the deficit would still be going down because we’d be getting more tax revenue.
So the point is, if Washington spent as much time and energy these past two years figuring out how to grow our economy and grow our middle class as it’s spent manufacturing crises in pursuit of a cut-at-all-costs approach to deficits, we’d be much better off. We’d be much better off. (Applause.)
And it’s not like we don’t have to cut our deficits. As a share of the economy, we’ve cut our deficits by nearly half since I took office. Half. And they’re projected to go down even further, but there’s a right way to do it and a wrong way to do it. And we should do it in a way that actually helps middle-class families instead of hurts them. (Applause.)
I’ve told Republicans that if they’re serious about a balanced, long-term fiscal plan that replaces harmful budget cuts that would get serious about a long-term plan that prevents those 900,000 jobs from being lost, that helps grow the economy, that helps the middle class, I am ready to go. But we can’t lose sight of our North Star. We can’t allow an impasse over long-term fiscal challenges to distract us from what the middle class needs right now.
So here’s the bottom line: If folks in Washington really want a grand bargain, how about a grand bargain for middle-class jobs? (Applause.) How about a grand bargain for middle-class jobs?
I don’t want to go through the same old arguments where I propose an idea and the Republicans just say, no, because it’s my idea. (Applause.) So I’m going to try offering something that serious people in both parties should be able to support: a deal that simplifies the tax code for our businesses and creates good jobs with good wages for middle-class folks who work at those businesses.
Right now, everybody knows this — our tax code is so riddled with loopholes and special interest tax breaks that a lot of companies who are doing the right thing and investing in America pay 35 percent in their taxes; corporations who have got fancy accountants and stash their money overseas, they pay little or nothing in taxes. That’s not fair, and it’s not good for the economy here.
So I’m willing to simplify our tax code — closes those loopholes, ends incentives to ship jobs overseas, lowers the rate for businesses that are creating jobs right here in America, provides tax incentives for manufacturers that bring jobs home to the United States. Let’s simplify taxes for small business owners, give them incentives to invest so they can spend less time filling out complicated forms, more time expanding and hiring.
I’m willing to do all that that should help businesses and help them grow. But if we’re going to give businesses a better deal, then we’re also going to have to give workers a better deal, too. (Applause.) I want to use some of the money that we save by closing these loopholes to create more good construction jobs with infrastructure initiatives that I already talked about. We can build a broader network of high-tech manufacturing hubs that leaders from both parties can support. We can help our community colleges arm our workers with the skills that a global economy demands. All these things would benefit the middle class right now and benefit our economy in the years to come.
So, again, here’s the bottom line: I’m willing to work with Republicans on reforming our corporate tax code, as long as we use the money from transitioning to a simpler tax system for a significant investment in creating middle-class jobs. That’s the deal. (Applause.)
And I’m just going to keep on throwing ideas out there to see if something takes. (Laughter.) I’m going to lay out my ideas to give the middle class a better shot. But now it’s time for Republicans to lay out their ideas.
If they’ve got a better plan to bring back more manufacturing jobs here to Tennessee and around the country, then let them know — let me know. I want to hear them. If they’ve got a better plan to create jobs rebuilding our infrastructure or to help workers earn the high-tech skills that they need, then they should offer up these ideas.
But I’ve got to tell you, just gutting our environmental protection, that’s not a jobs plan. Gutting investments in education, that’s not a jobs plan. They keep on talking about this — an oil pipeline coming down from Canada that’s estimated to create about 50 permanent jobs — that’s not a jobs plan. Wasting the country’s time by taking something like 40 meaningless votes to repeal Obamacare is not a jobs plan. That’s not a jobs plan. (Applause.)
So let’s get serious. Look, I want to tell everybody here the truth. And you know, look, I know that the politics for Obama aren’t always great in Tennessee. I understand that. But I want everybody to just hear the honest truth. I’ve run my last campaign, so I don’t need to spin. (Applause.)
And here’s the truth — there are no gimmicks that create jobs. There are no simple tricks to grow the economy. Growing the economy, making sure that the middle class is strong is like getting in shape. You can’t just go on the muffin and doughnut diet and the latest fad and lose weight. You’ve got to work out and you’ve got to eat better. Well, the same is true for our economy. The same is true for helping the middle class.
We’ve got to have a serious, steady, long-term American strategy to reverse the long-term erosion of middle-class security and give everybody a fair shot. (Applause.) And we know what we have to do. It involves education. It involves infrastructure. It involves research. It involves good energy policy. And we just have to stay at it — more good jobs that pay decent wages, a better bargain for the middle class, an economy that grows from the middle out. That’s got to be our focus.
We can’t be getting into a whole bunch of fads and pretend like you roll back Obamacare and suddenly all these jobs are going to be created, because the middle class was struggling before I came into office. (Applause.) The middle class was losing ground before I came into office. (Applause.) Jobs were getting shipped overseas before Obamacare was in place. So we’ve got to be honest. We’ve got to be honest about the challenges we face, but also the opportunities that are out there.
And that’s what I’m going to be focused on not just for the next few months. I’m going to be focused for every one of the 1,270 days I’ve got left in my presidency on how to make sure that we’ve got more opportunity and more security for everybody who is willing to work hard in this country. That’s where I believe America needs to go. (Applause.) And we can do it if we work together, Chattanooga. Let’s get to work.
Thank you very much, everybody. God bless you. God bless the United States of America.
2:32 P.M. EDT
Posted by bonniekgoodman on July 30, 2013
Political Headlines July 24, 2013: President Barack Obama Starts Economic Campaign, Accuses GOP of Obstruction
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Obama Starts Economic Campaign, Accuses GOP of Obstruction
Scott Olson/Getty Images
Seeking to force the public debate back to the economy, President Obama slammed Republicans on Wednesday for standing in the way of his efforts to boost the middle class, as he launched a campaign to highlight his second-term priorities.
“With an endless parade of distractions, political posturing and phony scandals, Washington has taken its eye off the ball. And I am here to say this needs to stop,” the president said in a speech at Knox College, the site of his first economic address on the national stage in 2005….READ MORE
Posted by bonniekgoodman on July 24, 2013
Political Headlines July 24, 2013: President Barack Obama Focuses on Economy, Vowing to Help Middle Class in Knox College Speech
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Obama Focuses on Economy, Vowing to Help Middle Class
Source: NYT, 7-24-13
President Obama spoke about the economy On Wednesday at Knox College in Galesburg, Ill.
President Obama tried to move past months of debate over guns, surveillance and scandal on Wednesday and reorient his administration behind a program to lift a middling economy and help middle-class Americans who are stuck with stagnant incomes and shrinking horizons….READ MORE
Posted by bonniekgoodman on July 24, 2013
Political Headlines May 9, 2013: President Barack Obama Declares Economy is ‘Poised for Progress’ on “Middle Class Jobs & Opportunity Tour” in Austin, Texas
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Obama Declares Economy is ‘Poised for Progress’
Source: ABC News Radio, 5-9-13
File photo. SAUL LOEB/AFP/Getty Images
Speaking before a group of high school students and teachers at Manor New Tech High School near Austin, Texas, on Thursday, President Obama said that the innovation and persistence of the American people has fostered an economy that is “poised for progress.”….READ MORE
Posted by bonniekgoodman on May 9, 2013
Political Headlines May 5, 2013: President Barack Obama to Start ‘Middle Class Jobs and Opportunity Tours’
OBAMA PRESIDENCY & THE 113TH CONGRESS:
Obama to Start ‘Middle Class Jobs and Opportunity Tours’
Source: ABC News Radio, 5-5-13
SAUL LOEB/AFP/Getty Images
President Obama will kick off a series of Middle Class Jobs and Opportunity Tours with a trip Thursday to Austin, Texas, a White House spokesman announced Sunday.
“In his State of the Union, the president laid out his belief that the middle class is the engine of economic growth. To reignite that engine, there are three areas we need to invest in: 1) jobs, 2) skills 3) opportunity,” White House spokesman Josh Earnest said….READ MORE
Posted by bonniekgoodman on May 5, 2013
Political Headlines February 16, 2013: President Barack Obama’s Weekly Address: The Plan for a Strong Middle Class
OBAMA PRESIDENCY & THE 113TH CONGRESS:
President Obama’s Weekly Address: the Plan for a Strong Middle Class
Source: ABC News Radio, 2-16-13
TOBY MELVILLE/AFP/Getty Images
President Obama spent much of this week traveling the country promoting his State of the Union message — what he calls a “Plan for a Strong Middle Class.” Now in his weekly address, the president’s message is the same, urging lawmakers to act on the proposals he laid out in his Tuesday speech before a joint session of Congress.
Speaking from Hyde Park Academy in his hometown Chicago, the president says he wants to reignite the “true engine of America’s economic growth — a rising, thriving middle class.”….READ MORE
Posted by bonniekgoodman on February 16, 2013