Political Headlines May 13, 2013: President Barack Obama Has ‘No Patience’ for IRS’ Targeting Conservatives

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

Obama Has ‘No Patience’ for IRS’ Targeting Conservatives

Source: ABC News Radio, 5-13-13

Alex Wong/Getty Images

President Obama said Monday he has “no patience” for reports that the Internal Revenue Service singled out conservative groups for additional scrutiny, promising accountability if allegations of political motivations at the agency turn out to be true.

“So we’ll wait and see what exactly all the details and the facts are,” Obama said at a news conference. “But I’ve got no patience with it. I will not tolerate it. And we’ll make sure that we find out exactly what happened on this.”…READ MORE

Full Text Obama Presidency May 13, 2013: President Barack Obama Addresses Benghazi Hearings & IRS Controversy at Press Conference

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

Obama Addresses Benghazi and I.R.S. Controversies

Source: NYT, 5-13-13

Alex Wong/Getty Images

The president said Republicans were dishonoring the four victims of the attacks in Benghazi last fall, but said he would not tolerate I.R.S. wrongdoing….READ MORE

Source: WH, 5-13-13

PRESIDENT OBAMA:  Thank you.  All right, we’ve got time for a couple of questions.  We’re going to start with Julie Pace.

Q    Thank you, Mr. President.  I wanted to ask about the IRS and Benghazi.  When did you first learn that the IRS was targeting conservative political groups?  Do you feel that the IRS has betrayed the public’s trust?  And what do you think the repercussions for these actions should be?  And on Benghazi, newly public emails show that the White House and the State Department appear to have been more closely involved with the crafting of the talking points on the attack than first acknowledged.  Do you think the White House misled the public about its role in shaping the talking points?  And do you stand by your administration’s assertions that the talking points were not purposely changed to downplay the prospects of terrorism?  And, Prime Minister Cameron, on Syria, if the EU arms embargo that you mentioned is amended or lapses, is it your intention to send the Syrian opposition forces weapons?  And are you encouraging President Obama to take the same step?  Thank you.

PRESIDENT OBAMA:  Well, let me take the IRS situation first.  I first learned about it from the same news reports that I think most people learned about this.  I think it was on Friday.  And this is pretty straightforward.

If, in fact, IRS personnel engaged in the kind of practices that had been reported on and were intentionally targeting conservative groups, then that’s outrageous and there’s no place for it.  And they have to be held fully accountable, because the IRS as an independent agency requires absolute integrity, and people have to have confidence that they’re applying it in a non-partisan way — applying the laws in a non-partisan way.

And you should feel that way regardless of party.  I don’t care whether you’re a Democrat, independent or a Republican.  At some point, there are going to be Republican administrations.  At some point, there are going to be Democratic ones.  Either way, you don’t want the IRS ever being perceived to be biased and anything less than neutral in terms of how they operate.  So this is something that I think people are properly concerned about.

The IG is conducting its investigation.  And I am not going to comment on their specific findings prematurely, but I can tell you that if you’ve got the IRS operating in anything less than a neutral and non-partisan way, then that is outrageous, it is contrary to our traditions.  And people have to be held accountable, and it’s got to be fixed.  So we’ll wait and see what exactly all the details and the facts are.  But I’ve got no patience with it.  I will not tolerate it.  And we will make sure that we find out exactly what happened on this.

With respect to Benghazi, we’ve now seen this argument that’s been made by some folks primarily up on Capitol Hill for months now.  And I’ve just got to say — here’s what we know.  Americans died in Benghazi.  What we also know is clearly they were not in a position where they were adequately protected.  The day after it happened, I acknowledged that this was an act of terrorism.  And what I pledged to the American people was that we would find out what happened, we would make sure that it did not happen again, and we would make sure that we held accountable those who had perpetrated this terrible crime.

And that’s exactly what we’ve been trying to do.  And over the last several months, there was a review board headed by two distinguished Americans — Mike Mullen and Tom Pickering — who investigated every element of this.  And what they discovered was some pretty harsh judgments in terms of how we had worked to protect consulates and embassies around the world.  They gave us a whole series of recommendations.  Those recommendations are being implemented as we speak.

The whole issue of talking points, frankly, throughout this process has been a sideshow.  What we have been very clear about throughout was that immediately after this event happened we were not clear who exactly had carried it out, how it had occurred, what the motivations were.  It happened at the same time as we had seen attacks on U.S. embassies in Cairo as a consequence of this film.  And nobody understood exactly what was taking place during the course of those first few days.

And the emails that you allude to were provided by us to congressional committees.  They reviewed them several months ago, concluded that, in fact, there was nothing afoul in terms of the process that we had used.  And suddenly, three days ago, this gets spun up as if there’s something new to the story.  There’s no “there” there.

Keep in mind, by the way, these so-called talking points that were prepared for Susan Rice five, six days after the event occurred pretty much matched the assessments that I was receiving at that time in my presidential daily briefing.  And keep in mind that two to three days after Susan Rice appeared on the Sunday shows, using these talking points, which have been the source of all this controversy, I sent up the head of our National Counterterrorism Center, Matt Olsen, up to Capitol Hill and specifically said it was an act of terrorism and that extremist elements inside of Libya had been involved in it.

So if this was some effort on our part to try to downplay what had happened or tamp it down, that would be a pretty odd thing that three days later we end up putting out all the information that, in fact, has now served as the basis for everybody recognizing that this was a terrorist attack and that it may have included elements that were planned by extremists inside of Libya.

Who executes some sort of cover-up or effort to tamp things down for three days?  So the whole thing defies logic.  And the fact that this keeps on getting churned out, frankly, has a lot to do with political motivations.  We’ve had folks who have challenged Hillary Clinton’s integrity, Susan Rice’s integrity, Mike Mullen and Tom Pickering’s integrity.  It’s a given that mine gets challenged by these same folks.  They’ve used it for fundraising.

And frankly, if anybody out there wants to actually focus on how we make sure something like this does not happen again, I am happy to get their advice and information and counsel.  But the fact of the matter is these four Americans, as I said right when it happened, were people I sent into the field, and I’ve been very clear about taking responsibility for the fact that we were not able to prevent their deaths.  And we are doing everything we can to make sure we prevent it, in part because there are still diplomats around the world who are in very dangerous, difficult situations.  And we don’t have time to be playing these kinds of political games here in Washington.  We should be focused on what are we doing to protect them.

And that’s not easy, by the way.  And it’s going to require resources and tough judgments and tough calls.  And there are a whole bunch of diplomats out there who know that they’re in harm’s way.  And there are threat streams that come through every so often, with respect to our embassies and our consulates — and that’s not just us, by the way; the British have to deal with the same thing.

And we’ve got a whole bunch of people in the State Department who consistently say, you know what, I’m willing to step up, I’m willing to put myself in harm’s way because I think that this mission is important in terms of serving the United States and advancing our interests around the globe.

And so we dishonor them when we turn things like this into a political circus.  What happened was tragic.  It was carried out by extremists inside of Libya.  We are out there trying to hunt down the folks who carried this out, and we are trying to make sure that we fix the system so that it doesn’t happen again.

Full Text Political Headlines March 17, 2013: Speaker of the House John Boehner’s Interview on ABC News’ This Week with Martha Raddatz Transcript

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

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John Boehner: The ‘Talk About Raising Revenue Is Over’

Source: ABC New Radio, 3-17-13

TOBY JORRIN/AFP/Getty Images

House Speaker John Boehner, R-Ohio, told ABC News’ Martha Raddatz during an exclusive interview for This Week that talk of including revenue as part of an effort to strike a so-called “grand bargain” to address the $16 trillion debt of the United States was “over,” leaving Democrats and Republicans where they have been for months – at loggerheads….READ MORE

This Week’ Transcript: Speaker of the House John Boehner

Source: ABC News, 3-17-13

SPEAKER JOHN BOEHNER: Good to be with you, Martha.

MARTHA RADDATZ: It’s great to have you here. I call it the so-called charm offensive because you don’t seem particularly charmed. You wrote that outreach is always positive, but then you wrote you had heard it all before, saying it’s going to take more than dinner dates and phone calls from the president. So, were those dinners and meetings a good thing, or did it make no difference at all?

SPEAKER JOHN BOEHNER: Well, it’s always a good thing to– engage in more conversation– engage more members in the conversation that– have not been involved up to this point. But when you get down the– the– the bottom line, if the president believes that we have to have more taxes from the American people, we’re not gonna get very far.

If the president– doesn’t believe that the goal oughta be to balance the budget over the next ten years– I don’t– not sure we’re gonna get very far. And this is the whole issue. We have a spending problem here in Washington and it’s time to solve the problem.

MARTHA RADDATZ: Well, when you talk about that he has to get beyond the Democratic dogma, but the Republicans have taken a very hard line as well.

SPEAKER JOHN BOEHNER: Hard line? The president– you got $650 billion worth of tax hikes on January the 1st. When are we gonna deal with the spending problem? It’s as simple as that….READ MORE – 1 | 2 | 3 4 5 6 Next Page

Full Text Political Headlines February 26, 2013: Senate Minority Leader Mitch McConnell’s Remarks on the Senate Floor on the Sequester — Smarter Cuts, Not Tax Hikes

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Smarter Cuts, Not Tax Hikes

Source: McConnell.Senate.gov, 2-26-13

“I’d like to say a word about the sequester.

“The President’s top aides proposed the sequester as a way of helping the White House avoid a debt-limit debate during last-year’s campaign.

“In essence, the deal we struck was that, in exchange for avoiding a second vote before the election, the debt limit would be paired with spending cuts only, and would not involve a tax increase.

“The President had more than a year and a half to revisit his proposal and work with us to prevent it. He obviously thought his time and energies would be better spent elsewhere.

“In fact, I note that today he’s off campaigning again in Virginia instead of working with us to resolve the issue.

“So here we are.

“The President’s been running around acting like the world’s going to end because Congress might actually follow through on an idea he proposed and signed into law – all the while pretending he’s somehow powerless to stop it.

“Well, it’s time to put the record straight. And as someone who was personally involved in the 2011 budget talks, I think I’m uniquely qualified to do it.

“On the question of who came up with the idea in the first place, it originated, as I just noted, in the White House. I was less than 100 yards from this very spot when Vice President Biden called me at my desk to lay it out. He explained the sequester in exquisite detail, and then, as has been reported, the administration stubbornly stuck by those details throughout the negotiations, refusing any effort by Republicans to adjust its design in any way.

“More important than who came up with the idea of the sequester, however, is the fact that the bipartisan agreement that included it and that brought us to this point envisioned $2.1 trillion in spending cuts. Let me say that again: Democrats and Republicans agreed to $2.1 trillion in cuts as part of the 2011 Budget Control Act.

“So we can all go back and talk about what might have been, or what the President wanted or now wants. But let’s be clear about the facts.

“Those cuts were to come in two steps.

“First, through an immediate $900 billion spending reduction in the form of budget caps, and then by an additional $1.2 trillion in cut to be achieved one of two ways: either by the so-called Supercommittee or, if that failed, through the President’s sequester proposal – meaning automatic spending cuts to domestic and defense programs.

“And while the President tried repeatedly to make tax hikes a part of the backup plan, he ultimately gave up on that in exchange for avoiding a second vote on the debt limit before the election. The President made a deliberate decision, in other words, to give up on getting any tax hikes – or revenue enhancements, or whatever the White House wants to call it – as part of the negotiations over the sequester mechanism.

“He made the calculation that avoiding a second vote on the debt limit before the election was more important. So any effort to bring taxes into the picture now is just a ploy to move the goal posts, as the primary chronicler of this whole episode, Bob Woodward, has noted.

“Of course, the White House has tried to refute these historical facts, but it hasn’t gotten anywhere.

“As the Chairman of the Finance Committee helpfully reminded us last week, ‘The President is part of the sequester’ because ‘the White House recommended it … and so now we’re feeling the effects of it.’

“So it’s time for the administration to at least accept reality so we can all move forward and focus on what the White House is actually doing right now. It’s asking the American people for permission to break its own word on spending.

“We reached an agreement to cut $2.1 trillion in government spending over 10 years, and we intend to keep our word.

“Should these cuts be implemented in a smarter way? Absolutely. But the President and his cabinet secretaries had a year and a half to think about that. They can’t just show up now at the last minute and expect the American people to bail them out of their own lack of responsibility.

“We can either secure those reductions more intelligently, or we can do it the President’s way with across-the board cuts. But one thing Americans simply will not accept is another tax increase to replace spending reductions we already agreed to.

“It was my hope that the Supercommittee would have succeeded. The Senators I appointed took that assignment very seriously. They put real skin in the game, because they wanted it to work. They didn’t like the sequester idea. And had the President engaged in a serious and supportive way at that time, the Supercommittee may very well have succeeded. He chose to campaign, and I’d argue, undermine the process instead.

“But even after the Supercommittee failed, Republicans continued to work to find another way to achieve these cuts. We repeatedly called for replacing the sequester with smarter cuts, rather than tax hikes, according to the original pact. House Republicans passed two bills to do just that. But again, instead of engaging with us, the President just set up more roadblocks.

“For more than a year, he resisted and dismissed every Republican attempt at a compromise. He refused to offer any kind of reasonable alternative, and he even threatened to veto other proposals aimed at averting the sequester. And now, here we are, with the President presenting the country with two options: Armageddon or a tax hike.

“Well, it’s a false choice, and he knows it. But then, the President’s a master at creating the impression of chaos as an excuse for government action. Do nothing. Fan the flames of catastrophe. Then claim the only way out is more government, in the form of higher taxes.

“Look: the choice we face isn’t between the sequester and tax hikes. Remember, we’re only talking about cutting 2 to 3 percent of the budget. Any business owner or middle-class parent will tell you it’s completely ridiculous to think Washington can’t find a better way to cut 2 to 3 percent of the federal budget at a time when we’re $16 trillion in debt.

“Every single working American had to figure out how to make ends meet with 2 percent less in their paychecks last month when the payroll tax holiday expired. Are you telling me Washington can’t do the same? It’s absurd.

“There’s no reason in the world these cuts need to fall on essential services or emergency responders. After all, even with the sequester, Washington will be spending more than when President Obama got here. We’re only talking about cutting a tenth of what the President spent on the stimulus bill.

“Enough.

“Step one in this process of getting to a serious solution is to end the White House’s denial of historical reality. We’re starting to get there, slowly but surely.

“More important, though, is the next step: that’s when the President and his Democrat allies actually come to the table and negotiate in a serious way, without gimmicks and without games on how best to reduce Washington spending. So let’s please shelve the tax hikes and the endless campaigning.

“Finally, I think there’s an even larger point to be made here. The President’s been going around warning of utter chaos if the sequester takes effect. And while I agree that those cuts could be made in a smarter way, and don’t like the fact that they fall disproportionately on defense, what does it say about the size of government that we can’t cut it by 2 to 3 percent without inviting disaster? Doesn’t that make our point? Hasn’t government gotten too big if just cutting the overall budget by a couple percentage points could have that kind of impact?

“Personally, I don’t believe the world will end if the President’s sequester takes effect. But our country would be much better served if the Democrats who run Washington would get off the campaign trail and work with us to trim the budget in a more rational way.

“Americans are tired of the manufactured crises. I know my constituents in Kentucky are. They’re just tired of it. They want us to work together, and Republicans are ready to do just that.”

Full Text Political Headlines February 26, 2013: Speaker John Boehner’s Press Conference on the Sequester — President Obama Using Military as a Campaign Prop to Demand Tax Hikes

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Speaker Boehner: President Obama Using Military as a Campaign Prop to Demand Tax Hikes

Source: Speaker Boehner Press Office, 2-26-13

February 26, 2013
Video

“You know, Republicans have voted twice to replace the sequester.  The president, as you’re all aware, insisted that he not have to deal with the debt ceiling twice and insisted that the backstop for the work of the super committee be the sequester. 

“But I don’t think the president’s focused on trying to find a solution to the sequester.  The president has been traveling all over the country and today going down to Newport News in order to use our military men and women as a prop in yet another campaign rally to support his tax hikes. 

“Now the American people know if the president gets more money they’re just going to spend it.  The fact is is that he’s gotten his tax hikes.   It’s time to focus on the real problem here in Washington and that is spending. 

“The president has known for 16 months that the sequester was looming out there when the super committee failed to come to an agreement.  And so for 16 months the president’s been traveling all over the country holding rallies instead of sitting down with Senate leaders in order to try to forge an agreement over there in order to move a bill.  We have moved a bill in the House twice, we should not have to move a third bill before the Senate gets off their ass and begins to do something.”     

Political Headlines February 3, 2013: President Barack Obama’s Pre-Super Bowl Interview with CBS News: Talks Football, Gender Issues, Taxes

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

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Obama Talks Football, Gender Issues, Taxes Before Super Bowl

Source: ABC News Radio, 2-4-13

Alex Wong/Getty Images

As the nation geared up for the Super Bowl XLVII matchup between the San Francisco 49ers and Baltimore Ravens, President Obama said he stood by his recent comments that as a parent he’d hesitate allowing his children to play football and that he viewed the contact sport differently in light of recent heightened national awareness of its health dangers.

In a pre-Super Bowl interview with CBS’ Scott Pelley, the president reiterated what he’d told the New Republic.

“It is a great sport, I am huge fan, but there is no doubt some of the concerns that we have learned about when it comes to concussions have to give parents pause,” he said.  “And as I said before.  I feel differently about the NFL, these are  grown men, they are well compensated, they know the risks that are involved.  But as we start thinking about the pipeline, Pop Warner, high school, college, I want to make sure we are doing everything we can to make the sport safer.”…READ MORE

Political Headlines December 21, 2012: Senate Minority Leader Mitch McConnell: A Sassy Merry Christmas ‘I’m Stuck Here in Washington’

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

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A Sassy Merry Christmas from Mitch McConnell: ‘I’m Stuck Here in Washington’

Source: ABC News Radio, 12-21-12

Tom Williams/CQ Roll Call

It’s a Christmas greeting with a few digs reflecting the frustration over the fiscal cliff stalemate from Senate Minority Mitch McConnell, R-Ky.

In a video just posted to his You Tube page, the Minority Leader, sitting in front of a fireplace and Christmas tree says, “Hello I’m Senator Mitch McConnell. I’m stuck here in Washington trying to prevent my fellow Kentuckians having to shell out more money to Uncle Sam next year, but I wanted to take just a minute to wish you and your family a Merry Christmas.”

McConnell then instructs Americans to drink eggnog, sing carols and enjoy their time together – because Washington has all the arguing covered already.

“So pour some eggnog, turn up the Christmas music and enjoy your family. No need to argue with your family, there is plenty of arguing in Washington to go around. Merry Christmas everyone.”…READ MORE

Political Headlines December 5, 2012: President Barack Obama Rejects ‘Doomsday’ Plan as John Boehner Urges Fresh Talks

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

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Obama Rejects ‘Doomsday’ Plan as Boehner Urges Fresh Talks

Source: ABC News Radio, 12-5-12

MANDEL NGAN/AFP/Getty Images

With the economy hanging in the balance, President Obama and House Speaker John Boehner Wednesday tangled over who’s to blame for the “fiscal cliff” standoff and what to do if lawmakers can’t reach a broad deficit-reduction agreement in 27 days.

Obama, speaking at a meeting of 100 CEOs, warned Republicans that he would not accept a so-called “doomsday” deal that extends tax cuts for middle-income earners before the end of the year but nothing more….READ MORE

Full Text Obama Presidency December 5, 2012: President Barack Obama’s Speech on Raising Debt Ceiling as Part of ‘Fiscal Cliff’ Deal at Business Roundtable

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

President Obama Speaks to the Business Roundtable

Source: WH, 12-5-12

President Barack Obama delivers remarks and takes questions from business leadersPresident Barack Obama delivers remarks and takes questions from business leaders at the quarterly meeting of the Business Roundtable at the BRT in Washington, D.C., Dec. 5, 2012. (Official White House Photo by Pete Souza)

Today, President Obama spoke to members of the Business Roundtable, an association of CEOs of American businesses, and reiterated his plan to extend tax cuts for middle-class families.

Opening Remarks by the President to the Business Roundtable

Source: WH, 12-5-12

Business Roundtable
Washington, D.C.

10:57 A.M. EST

THE PRESIDENT: Well, good morning, everybody. It is great to see all of you. Many of you I’ve had a chance to see individually or in small groups over the last several months, but it’s good to be back at the Business Roundtable. Jim, thanks for your leadership.

Originally, my team had prepared some remarks. They always get nervous when I’m out there on my own — never know what I might say. Given the dialogue that we had the last time, I thought it was useful for me to abbreviate my remarks, speak off the cuff at the top, and then spend most of our time just having a conversation.

Let me begin by saying that all of you in this room are not just business leaders, not just CEOs of your companies, but you’re also economic leaders and thought leaders in this country. And I recognize that all of you have an enormous investment not only in your own companies but in the well-being of America.

There are a lot of patriots in this room, people who care deeply about not only your bottom lines but also the future of this country. You’ve shown that over the last four years. We’ve gone through as difficult an economic period as we’ve seen in most of our lifetimes, and we’ve emerged not yet where we need to be but we’ve certainly made progress. And the reason we’ve made progress in part has been because of the outstanding management and productivity gains and efficiencies and competitiveness that you’ve been able to achieve in each and every one of your companies.

And I’ve said this to some of the small groups, let me repeat it to the large group — I am passionately rooting for your success, because if the companies in this room are doing well, then small businesses and medium-sized businesses up and down the chain are doing well. If companies in this room are doing well, then folks get jobs, consumers get confidence, and we’re going to be able to compete around the world.

Now, the good news is that despite the extraordinary challenges that we’ve seen over the last four years, there is progress in some key sectors of our economy. We’ve seen housing finally begin to bounce back for the first time. And that obviously has an enormous ripple effect throughout the economy. Consumer confidence is as high as it’s been. Many of you, over the last two, three years, have experienced record profits or near record profits, and have a lot of money where you’re prepared to invest in plants and equipment and hire folks.

Obviously, globally, the economy is still soft. Europe is going to be in the doldrums for quite some time. Asia is not charging forward, and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago.

But I think what all of you recognize and many of you have told me is that everybody is looking to America because they understand that if we’re able to put forward a long-term agenda for growth and prosperity that’s broad-based here in the United States, that confidence will not just increase here in the United States, it will increase globally, and we can get the kind of virtuous cycle that I think all of us have been waiting for and want to see.

What’s holding us back right now, ironically, is a lot of stuff that’s going on in this town. And I know that many of you have come down here to try to see is there a way that we can break through the logjam and go ahead and get things done. And I’m here to tell you that nobody wants to get this done more than me. I know that you’ve gotten a lot of briefings, but let me just try to describe where the situation is right now with respect to our fiscal situation, both what the opportunities are but what also the challenges are.

I campaigned over the last year on the idea that we need to make sure that this economy is growing and that we’re providing ladders of opportunity for folks — (electricity goes out, feed drops) — I can speak pretty loud. Can people hear me in the back?

During the entire campaign, I talked about the importance of short-term measures to boost growth but also a long-term plan to make sure that we’ve got our fiscal house in order, and I called for a balanced and responsible plan. My budget reflects a balanced, responsible plan, and I’ve shown myself willing to make some tough decisions when it comes to government spending — because, despite, I think, my reputation or the reputation of Democrats, I don’t think every government program works exactly the way it should. I think there are efficiencies that can be gained; there are some programs that used to work and just don’t work now the way they were intended. And as a consequence, working with Democrats and Republicans last year, we were able to cut over a trillion dollars of spending — the largest cut, by the way, in discretionary spending in history. So we’re prepared to make some tough decisions when it comes to spending cuts.

But if you look at what’s needed in order for us to stabilize our budget, stabilize our deficit-to-GDP ratio, our debt-to-GDP ratio, then every credible economist will tell you that you can’t just do it on spending cuts. We can’t cut our way to prosperity, that there’s got to be a balanced approach in which we also are bringing in new revenues — partly because our revenue levels are as low as they’ve been in most of our lifetimes.

And what I’ve proposed, what I put forward in the campaign and what I think a majority of the American people agreed with — in fact, there’s some folks who didn’t vote for me that focus groups and polls show nevertheless they agreed with my concept when it comes to deficit reduction — is that an approach that says we’re going to raise additional revenue particularly from those who have done best in the economy over the last decade, combined with some smart cuts and with entitlement reform that can strengthen our social safety net over the long term but do so in a responsible way — that’s the way to go forward. And that’s what we’ve put forward.

Now, the question I think on the minds of a lot of you is how do you get there — because I know that, speaking to many of you privately, you agree with this approach. I’ve been struck by the number of CEOs who said, we’re willing to pay slightly higher taxes if it means that we’ve got the kind of certainty and stability over the long term that allows us to invest and hire with confidence. So most of the folks in this room I think are onboard for a balanced plan.

The problem that we had up until fairly recently — and this was extensively debated during the campaign — was the belief that either, A, we could balance our budgets entirely on spending cuts, or a variation that has emerged is, is that we can do so while still lowering rates simply by closing loopholes and deductions. And you’ve heard from my team, but let me just repeat, we don’t have any objection to tax reform, tax simplification, closing loopholes, closing deductions. But there is a bottom-line amount of revenue that is required in order for us to get a real, meaningful deficit reduction plan that hits the numbers that are required for us to stabilize our debt and deficits. And all the math that we’ve done — and we analyzed this stuff pretty carefully — shows that it is not possible for us to raise the amount of revenue that’s required for a balanced package if all you are relying on is closing deductions and loopholes.

Let me amend that. It is possible to do, theoretically; it is not possible or wise to do as a practical matter. And the reason is, is that in order for us to raise the amount of revenue that’s needed just by closing deductions and loopholes for high earners, we’d have to, for example, eliminate or severely cap the charitable deduction. And folks in this room, you guys are not only CEOs — I can’t imagine there’s a person here who doesn’t sit on a number of non-for-profit boards, university boards, hospital boards. In your respective communities, you are supporting an entire infrastructure that is the glue that holds our communities together. So the notion that somehow we’re going to just eliminate charitable deductions is unlikely.

What that means is, is that any formula that says we can’t increase tax rates probably only yields about $300-$400 billion, realistically. And that’s well short of the amount of revenue that’s needed for a balanced package.

So what we’ve said instead is let’s allow higher rates to go up for the top 2 percent — that includes all of you, yes, but not in any way that’s going to affect your spending, your lifestyles, or the economy in any significant way; let’s make sure that 98 percent of Americans don’t see a single dime in tax increases next year, 97 percent of small businesses don’t see a single dime in tax increases next year — and by doing that alone we raise almost a trillion dollars without any adverse effects on the economy.

Let’s combine that, then, with some additional spending cuts and some long-term entitlement reform that can get us to a number close to $4 trillion, which stabilizes our debt and our deficits relative to GDP for at least a decade, perhaps more.

That’s our plan. That’s what we’ve presented. The holdup right now is that Speaker Boehner took a position I think the day after the campaign that said we’re willing to bring in revenue but we’re not willing to increase rates. And I just explained to you why we don’t think that works. We’re not trying to — we’re not insisting on rates just out of spite or out of any kind of partisan bickering, but rather because we need to raise a certain amount of revenue.

Now, we’ve seen some movement over the last several days among some Republicans. I think there’s a recognition that maybe they can accept some rate increases as long as it’s combined with serious entitlement reform and additional spending cuts. And if we can get the leadership on the Republican side to take that framework, to acknowledge that reality, then the numbers actually aren’t that far apart. Another way of putting this is we can probably solve this in about a week; it’s not that tough. But we need that conceptual breakthrough that says we need to do a balanced plan; that’s what’s best for the economy; that’s what the American people voted for; that’s how we’re going to get it done.

Let me make one last point and then I’ll start taking questions. There had been reports — and these are not necessarily confirmed, and maybe some of you have more insight than I do on this — that perhaps the Republicans go ahead and let the middle-class tax cuts get extended, the upper-income tax cuts go up, otherwise we don’t get a deal, and next year we come back and the thinking is Republicans will have more leverage because there will be another vote on the debt ceiling and we will try to extract more concessions with a stronger hand on the debt ceiling.

I have to just tell you that is a bad strategy for America. It is a bad strategy for our businesses. And it is not a game that I will play.

Most of you were involved in discussions and watched the catastrophe that happened in August of 2011. Everybody here is concerned about uncertainty; there’s no uncertainty like the prospect that the United States of America, the largest economy that holds the world’s reserve currency potentially defaults on its debts; that we give up the basic notion that the United States stands behind its obligations.

And we can’t afford to go there again. And this isn’t just my opinion; it’s the opinion of most of the folks in this room. So when I hear some on the other side suggesting that to resolve the possibility of a perpetual or a quarterly debt ceiling crisis that there is a price to pay — well, the price is paid by the American people and your businesses and the economic environment worldwide. And we should not accept going through that.

John Engler, who is, I think — he and I philosophically don’t agree on much — (laughter) — no, I’m just being honest about John, and he’s a great politician but he — he originally comes from the other party — but John is exactly right when he says the only thing that the debt ceiling is good for as a weapon is just to destroy your credit rating.

So I want to send a very clear message to people here: We are not going to play that game next year. If Congress in any way suggests that they’re going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation — which, by the way, we had never done in our history until we did it last year — I will not play that game. Because we’ve got to break that habit before it starts.

So, with that, let me just say we’ve got one path where we resolve this fairly quickly — we’ve got some tough spending cuts, we reform our entitlements, we have modest revenue increases; you get business certainty; you do what you do best, innovate, invest, hire workers, make profits, do well by your shareholders and grow America — and we then have open running room next year to deal with a whole host of other issues like information and tax reform and immigration reform that will further make America, Inc. competitive. That’s one option.

The other option is to engage in a self-inflicted series of wounds that will potentially push us back into recession and set back this country, after all the work that we’ve done over the last four years digging ourselves out of a hole.

I know the choice I’d like to make. And I think the BRT can be helpful in making sure that everybody here in Washington makes the right choice.

So with that, let me take some questions. (Applause.)

END
11:14 A.M. EST

Political Headlines December 5, 2012: President Barack Obama to Address Raising Debt Ceiling as Part of ‘Fiscal Cliff’ Deal at Business Roundtable

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Obama to Address Raising Debt Ceiling as Part of ‘Fiscal Cliff’ Deal

Source: ABC News Radio, 12-5-12

Alex Wong/Getty Images

In remarks at the Business Roundtable on Wednesday, President Obama for the first time will highlight the need to raise the debt ceiling as part of a “fiscal cliff” deal.

“The president will highlight why it would hurt our economy and our nation’s businesses if we do not find a solution to avoid another debt ceiling crisis, and will ask the business leaders for their help in supporting an approach that resolves the debt limit without drama or delay,” a White House official said, according to Politico….READ MORE

Political Headlines November 29, 2012: President Barack Obama & John Boehner Share ‘Curt’ Phone Call on Fiscal Cliff

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Obama, Boehner Share ‘Curt’ Phone Call

Source: ABC News Radio, 11-29-12

MANDEL NGAN/AFP/Getty Images

President Obama and House Speaker John Boehner had what Politico called a “curt” conversation on Wednesday, the White House confirms.

Aides to the speaker also confirm the call, adding only, “Watch Boehner this morning” at a scheduled news conference on Capitol Hill.  Both sides refuse to say when during the day the call occurred….READ MORE

Full Text Political Headlines November 10, 2012: GOP Weekly Address: Speaker John Boehner on Growing the Economy, Creating Jobs, and Averting the Fiscal Cliff

POLITICAL HEADLINES

http://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

GOP Address: Speaker Boehner on Growing the Economy

Source: ABC News Radio, 11-10-12

ABC/Martin H. Simon

House Speaker John Boehner and President Obama may have found something on which they can agree. In the days since the president’s reelection Tuesday, the House speaker and the president both have stated that they would like to see bipartisan leaders in Washington come together in avoiding the approaching “fiscal cliff.”

While the president has said he refuses to consider any approach that isn’t balanced in reducing the federal deficit. According to President Obama, a balanced approach would mean spending cuts coupled with increased taxes for those making more than $250,000 to generate more revenue.

On the other hand, Boehner has said that tax increases are “unacceptable.”…READ MORE

Weekly Republican Address: Speaker Boehner on Helping Our Economy Grow, Create Jobs, and Avert the Fiscal Cliff

Source: Speaker.gov, 11-10-12

Download Audio | YouTube | Download Video

“This week, I called for action by both parties on a plan to help our economy grow and create jobs, which is critical to solving our debt.

“It’s also critical to averting the so-called fiscal cliff, a combination of automatic spending cuts and tax rate increases that’s just weeks away from taking effect.

“Some have said that despite the risks, we should let our nation’s economy go off part of the fiscal cliff in January, by allowing the top two rates to rise.  They believe that doing that will generate more revenue for the federal government.

“But here’s the problem with that.  Raising those rates on January 1 would, according to the independent firm Ernst & Young, destroy 700,000 American jobs.  That’s because many of those hit by this tax increase are small business owners – the very people who are the key to job creation in America.  I used to be one of them.

“This week, I offered congratulations to President Obama – along with an alternative to sending our economy over any part of the fiscal cliff.

“Instead of raising tax rates on the American people and accepting the damage it will do to our economy, let’s start to actually solve the problem.

“Let’s focus on tax reform that closes special interest loopholes and lowers tax rates.

“Instead of accepting arbitrary cuts that will endanger our national defense, let’s get serious about shoring up the entitlement programs that are the primary drivers of our country’s massive, growing debt.  2013 should be the year to begin to solve our debt through tax reform and entitlement reform.

“Together, we should avert the fiscal cliff in a manner that ensures that 2013 finally is that year.

“Shoring up entitlements and reforming the tax code – closing special interest loopholes and deductions, and moving to a fairer, cleaner, and simpler system – will bring jobs home and result in a stronger, healthier economy.

“A stronger economy means more revenue – which is exactly what the president is seeking.  And without a strong economy, we’ll never be able to balance the budget and erase our country’s debt.

“This framework can lead to common ground.  The president and I had a brief conversation this week and I’m hopeful that we can continue those talks and forge an agreement that can pass both chambers of Congress.

“Because if there was a mandate in this election, it was a mandate to work together to do what’s in the best interest of our country.  And right now what’s best is getting our economy moving again and keeping it moving, so we can begin to restore our children’s future.

“It’s a great honor to serve as Speaker of the House.  I’m constantly inspired by the courage and grace of the American people, especially the 22.5 million veterans who we pause to honor this weekend.  To them and their families, we say thank you, God bless you, God bless this great nation that you’ve served so valiantly.”

Full Text Obama Presidency November 10, 2012: President Barack Obama’s Weekly Address on Extending Middle Class Tax Cuts to Grow the Economy ‘No Time to Wait’

POLITICAL BUZZ

OBAMA PRESIDENCY & THE 112TH CONGRESS:

President Obama’s Address: Middle Class Tax Cuts — ‘No Time to Wait’

Source: ABC News Radio, 11-10-12

The White House

With re-election behind him, President Obama says “there’s no reason to wait,” regarding tax cut extensions for middle class families.

“You elected us to focus on your jobs, not ours,” the president says in this week’s address, his first since the nation voted him into his second term….READ MORE

Weekly Address: Extending Middle Class Tax Cuts to Grow the Economy

Source: WH, 11-10-12

President Obama says that it’s time for Congress to pass the middle class tax cuts for 98 percent of all Americans. Both parties agree that this will give 98 percent of families and 97 percent of small businesses the certainty that will lead to growth, and so there is no reason to wait. On Tuesday, the American people voted for compromise and action, and the President calls on Congress to come together in that spirit to help create jobs and strengthen our economy.

Transcript  |  Download mp4  |  Download mp3

Weekly Address: Extending Middle Class Tax Cuts to Grow the Economy

Hello, everybody.

On Tuesday, America went to the polls. And the message you sent was clear: you voted for action, not politics as usual. You elected us to focus on your jobs, not ours.

That’s why I’ve invited leaders of both parties to the White House next week, so we can start to build consensus around challenges we can only solve together. I also intend to bring in business, labor and civic leaders from outside Washington to get their ideas and input as well.

At a time when our economy is still recovering from the Great Recession, our top priority has to be jobs and growth. That’s the focus of the plan I talked about during the campaign. It’s a plan to reward businesses that create jobs here in America, and give people access to the education and training that those businesses are looking for. It’s a plan to rebuild our infrastructure and keep us on the cutting edge of innovation and clean energy. And it’s a plan to reduce our deficit in a balanced and responsible way.

This is even more important because at the end of this year, we face a series of deadlines that require us to make major decisions about how to pay down our deficit – decisions that will have a huge impact on the economy and the middle class, now and in the future.

Last year, I worked with Democrats and Republicans to cut a trillion dollars’ worth of spending, and I intend to work with both parties to do more. But as I said over and over again on the campaign trail, we can’t just cut our way to prosperity. If we’re serious about reducing the deficit, we have to combine spending cuts with revenue – and that means asking the wealthiest Americans to pay a little more in taxes. That’s how we did it when Bill Clinton was President. And that’s the only way we can afford to invest in education and job training and manufacturing – all the ingredients of a strong middle class and a strong economy.

Already, I’ve put forward a detailed plan that allows us to make these investments while reducing our deficit by $4 trillion over the next decade.  Now, I’m open to compromise and new ideas.  But I refuse to accept any approach that isn’t balanced. I will not ask students or seniors or middle-class families to pay down the entire deficit while people making over $250,000 aren’t asked to pay a dime more in taxes. This was a central question in the election. And on Tuesday, we found out that the majority of Americans agree with my approach – that includes Democrats, Independents, and Republicans.

Now we need a majority in Congress to listen – and they should start by making sure taxes don’t go up on the 98% of Americans making under $250,000 a year starting January 1. This is something we all agree on. Even as we negotiate a broader deficit reduction package, Congress should extend middle-class tax cuts right now. It’s a step that would give millions of families and 97% of small businesses the peace of mind that will lead to new jobs and faster growth. There’s no reason to wait.

We know there will be differences and disagreements in the months to come. That’s part of what makes our political system work. But on Tuesday, you said loud and clear that you won’t tolerate dysfunction, or politicians who see compromise as a dirty word. Not when so many of your families are still struggling.

Instead, you want cooperation. You want action. That’s what I plan to deliver in my second term, and I expect to find leaders from both parties willing to join me.

Thanks, and have a great weekend.

Full Text Obama Presidency November 9, 2012: President Barack Obama’s Speech on Fiscal Cliff, Tax Cuts & Deficit Deal with Congress

POLITICAL BUZZ

OBAMA PRESIDENCY & THE 112TH CONGRESS:

President Obama made a statement in the East Room of the White House on Friday.
Doug Mills/The New York Times

President Obama made a statement in the East Room of the White House on Friday.

Remarks by the President

Source:  WH, 11-9-12

East Room

1:08 P.M. EST

THE PRESIDENT: Thank you. (Applause.) Thank you so much. (Applause.) Thank you very much, everybody. Everybody, please have a seat. (Applause.)

Well, good afternoon, everybody. Now that those of us on the campaign trail have had a chance to get a little sleep — (laughter) — it’s time to get back to work. And there is plenty of work to do.

As I said on Tuesday night, the American people voted for action, not politics as usual. You elected us to focus on your jobs, not ours. And in that spirit, I’ve invited leaders of both parties to the White House next week, so we can start to build consensus around the challenges that we can only solve together. And I also intend to bring in business and labor and civic leaders from all across the country here to Washington to get their ideas and input as well.

At a time when our economy is still recovering from the Great Recession, our top priority has to be jobs and growth. That’s the focus of the plan I talked about during the campaign. (Applause.) It’s a plan to reward small businesses and manufacturers that create jobs here, not overseas. It’s a plan to give people the chance to get the education and training that businesses are looking for right now. It’s a plan to make sure this country is a global leader in research and technology and clean energy, which will attract new companies and high-wage jobs to America. It’s a plan to put folks back to work, including our veterans, rebuilding our roads and our bridges, and other infrastructure. And it’s a plan to reduce our deficit in a balanced and responsible way.

Our work is made that much more urgent because at the end of this year, we face a series of deadlines that require us to make major decisions about how to pay our deficit down — decisions that will have a huge impact on the economy and the middle class, both now and in the future. Last year, I worked with Democrats and Republicans to cut a trillion dollars’ worth of spending that we just couldn’t afford. I intend to work with both parties to do more — and that includes making reforms that will bring down the cost of health care so we can strengthen programs like Medicaid and Medicare for the long haul.

But as I’ve said before, we can’t just cut our way to prosperity. If we’re serious about reducing the deficit, we have to combine spending cuts with revenue — and that means asking the wealthiest Americans to pay a little more in taxes. (Applause.) That’s how we did it in the 1990s, when Bill Clinton was President. That’s how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy. That’s the only way we can still afford to train our workers, or help our kids pay for college, or make sure that good jobs in clean energy or high-tech manufacturing don’t end up in countries like China.

Now, already, I’ve put forward a detailed plan that allows us to make these investments while reducing our deficit by $4 trillion over the next decade. I want to be clear — I’m not wedded to every detail of my plan. I’m open to compromise. I’m open to new ideas. I’m committed to solving our fiscal challenges. But I refuse to accept any approach that isn’t balanced. I am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000, aren’t asked to pay a dime more in taxes. I’m not going to do that. (Applause.)

And I just want to point out this was a central question during the election. It was debated over and over again. And on Tuesday night, we found out that the majority of Americans agree with my approach — and that includes Democrats, independents, and a lot of Republicans across the country, as well as independent economists and budget experts. That’s how you reduce the deficit — with a balanced approach.

So our job now is to get a majority in Congress to reflect the will of the American people. And I believe we can get that majority. I was encouraged to hear Speaker Boehner agree that tax revenue has to be part of this equation — so I look forward to hearing his ideas when I see him next week.

And let me make one final point that every American needs to hear. Right now, if Congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody’s taxes will automatically go up on January 1st — everybody’s — including the 98 percent of Americans who make less than $250,000 a year. And that makes no sense. It would be bad for the economy and would hit families that are already struggling to make ends meet.

Now, fortunately, we shouldn’t need long negotiations or drama to solve that part of the problem. While there may be disagreement in Congress over whether or not to raise taxes on folks making over $250,000 a year, nobody — not Republicans, not Democrats — want taxes to go up for folks making under $250,000 a year. So let’s not wait. Even as we’re negotiating a broader deficit reduction package, let’s extend the middle-class tax cuts right now. Let’s do that right now. (Applause.)

That one step — that one step — would give millions of families — 98 percent of Americans and 97 percent of small businesses — the certainty that they need going into the new year. It would immediately take a huge chunk of the economic uncertainty off the table, and that will lead to new jobs and faster growth. Business will know that consumers, they’re not going to see a big tax increase. They’ll know that most small businesses won’t see a tax increase. And so a lot of the uncertainty that you’re reading about, that will be removed.

In fact, the Senate has already passed a bill doing exactly this, so all we need is action from the House. And I’ve got the pen ready to sign the bill right away. I’m ready to do it. (Applause.) I’m ready to do it. (Applause.)

The American people understand that we’re going to have differences and disagreements in the months to come. They get that. But on Tuesday, they said loud and clear that they won’t tolerate dysfunction. They won’t tolerate politicians who view compromise as a dirty word. Not when so many Americans are still out of work. Not when so many families and small business owners are still struggling to pay the bills.

What the American people are looking for is cooperation. They’re looking for consensus. They’re looking for common sense. Most of all, they want action. I intend to deliver for them in my second term, and I expect to find willing partners in both parties to make that happen. So let’s get to work.

Thank you very much, everybody. Thank you. (Applause.)
END
1:15 P.M. EST

Full Text Campaign Buzz October 28, 2012: President Barack Obama’s Speech at a Campaign Event in Nashua, New Hampshire — Hits Mitt Romney for ‘Cradle to Grave Tax Hikes, Fees’

CAMPAIGN 2012

CAMPAIGN BUZZ 2012

THE HEADLINES….

President Obama Hits Mitt Romney for ‘Cradle to Grave Tax Hikes, Fees’

Source: ABC News Radio, 10-28-12

SAUL LOEB/AFP/GettyImages

President Obama delivered his final pitch to voters Saturday in the Live Free or Die state, accusing rival Mitt Romney of being untrustworthy, and slamming his record of “cradle to grave tax hikes and fees” as governor of neighboring Massachusetts.

“During Gov. Romney’s campaign for governor down there, he promised the same thing he’s promising now, said he’d fight for jobs and middle class families,” Obama said. “But once he took office, he pushed through a tax cut that overwhelmingly benefited 278 of the wealthiest families in the state and then he raised taxes and fees on middle class families to the tune of $750 million. Does that sound familiar to you?…READ MORE

Remarks by the President at a Campaign Event in Nashua, NH

Source: WH, 10-28-12

Elm Street Middle School

Nashua, New Hampshire

1:59 P.M. EDT

THE PRESIDENT:  How’s it going, Nashua?  (Applause.)  Are you fired up?

AUDIENCE:  Yes!

THE PRESIDENT:  Are you ready to go?

AUDIENCE:  Yes!

THE PRESIDENT:  This is an unbelievable crowd!  (Applause.) And this is what the weather is always like in late October in New Hampshire — 70 degrees and sunny.  (Applause.)

Can everybody please give it up for your outstanding United States Senator, Jeanne Shaheen?  (Applause.)  Your next governor, Maggie Hassan.  (Applause.)  Your next congresswoman, Annie Kuster.  (Applause.)

And I’ve just got to say something special about one of the most talented singers and songwriters that America has ever had. He has just been a great friend.  This guy has been working his tail off on behalf of this campaign.  I couldn’t be prouder that he’s working with us — James Taylor.  Give him a big round of applause.  (Applause.)

AUDIENCE MEMBER:  We love you!

THE PRESIDENT:  I love you back.  (Applause.)

Ten days, New Hampshire.  (Applause.)  Ten days.  Ten days and you’ll be stepping into a voting booth and making a defining choice about the future of our country.  Not just a choice between two candidates or two political parties, it is a choice between two fundamentally different visions for America.

We believe in the values that built the largest middle class, the strongest economy the world has ever known; the promise that hard work will pay off; the promise that responsibility will be rewarded; the idea at the core of this nation that no matter who you are, no matter where you come from, no matter what you look like, this is a country where everybody gets a fair shot and everybody does their fair share, everybody plays by the same rules.  (Applause.)  That’s what we believe here in America.  (Applause.)

We believe that we are endowed by our Creator with certain inalienable rights.  We insist on personal responsibility.  We don’t believe anybody is entitled to success — we know we all have to earn it.  We honor the strivers, the dreamers, the risk-takers, everybody who has been the driving force behind our free enterprise system, the greatest engine of growth and prosperity the world has ever known.

But we also believe that the true measure of prosperity is more than just a running tally of corporate balance sheets, quarterly profit reports.  We measure prosperity not just by how many millionaires and billionaires we produce; we measure prosperity by how well a typical family is doing — (applause) — by whether our kids are getting a great education and can go as far as their dreams and hard work will take us.  (Applause.)

We understand that in this country people succeed when they’ve got a chance at a decent education, when they can learn new skills.  And by the way, so do the businesses that hire them or the companies that they start.  We believe our economy grows when we support research into medical breakthroughs — (applause) — or new technologies like clean energy and fuel-efficient cars. (Applause.)

We know that our country is stronger when we can count on affordable health insurance and Medicare and Social Security — (applause) — when we protect our kids from toxic dumping and mercury pollution; when there are rules in place to make sure that we aren’t taken advantage of by credit card companies or mortgage lenders or unscrupulous financial institutions.  (Applause.)

We know we’re better off when politicians in Washington aren’t allowed to make decisions about health care that women are perfectly capable of making for themselves.  (Applause.)

That’s what we believe.  That’s the vision that we embrace.

AUDIENCE MEMBER:  We believe in you!

THE PRESIDENT:  I appreciate that.  (Laughter.)

Governor Romney, now, he’s got an entirely different view about what this country is about.

AUDIENCE:  Booo –

THE PRESIDENT:  Don’t boo –

AUDIENCE:  Vote!

THE PRESIDENT:  — vote.  Vote.  (Applause.)

He’s been running around saying he’s got a five-point plan for the economy — turns out it’s a one-point plan.  (Laughter.) Folks at the very top get to play by a different set of rules than you do.  They get to pay lower tax rates, outsource jobs.  They want to let Wall Street run wild and make reckless bets with other folks’ money.  That was his philosophy when he was a CEO.  That was his philosophy as governor.  And as President Clinton said, he does have a lot of brass because he’s not talking about big change, but all he’s offering is a big rerun of the same policies that created so much hardship for so many Americans.

And Governor Romney has been out here making a lot of last-minute promises lately — said he’s all about fighting for the middle class; says he’d cut taxes for everybody, and ask something from nobody.  But the problem is we’ve heard those promises before.

Now keep in mind, Governor Romney lives just a few miles south of here in the state of Massachusetts.  (Applause.)  Love Massachusetts.  (Applause.)  But during Governor Romney’s campaign for governor down there, he promised the same thing he’s promising now — said he’d fight for jobs and middle-class families.  But once he took office, he pushed through a tax cut that overwhelmingly benefitted 278 of the wealthiest families in the state, and then he raised taxes and fees on middle-class families to the tune of $750 million.  Does that sound familiar to you?

AUDIENCE:  Yes!

THE PRESIDENT:  Now, when he’s asked about this, he says, no these weren’t taxes, these were fees.  (Laughter.)  But keep in mind there were higher fees to be a barber, higher fees to become a nurse.  There were higher fees for gas.  There were higher fees for milk.  There were higher fees for blind people who needed to get a certificate that they were blind.  He raised fees to get a birth certificate — which would have been expensive for me.  (Laughter and applause.)

He raised fees for marriage certificates and fees for funeral homes — so there were literally cradle-to-grave tax hikes and fees.  (Laughter.)  And when he left office, there were only three states in the country that had created fewer jobs than Massachusetts.  And by the way, one of them was Louisiana that had been hit by Hurricane Katrina.  (Laughter.)

He talked a lot about small businesses — still talks about it.  Says, I’m a business guy, I know about small businesses.  Massachusetts, when he was governor, ranked 48th in small business creation.  And one of the two states that ranked lower was Louisiana that had gotten hit by Hurricane Katrina.  So this is a guy who has a track record of saying one thing and doing something else.

On the other hand, when I ran four years ago, I made promises, too.  I promised to cut taxes for middle-class families — and I did, by $3,600.  (Applause.)  I promised to cut taxes for small business owners — and I did, 18 times.  (Applause.)  I promised to end taxpayer-funded Wall Street bailouts — and we have.  And by the way, we got every dime worth of money that we used for the bank rescue, and we got interest with it, too.  (Applause.)  I promised to take on those financial institutions that were charging too much for student loans — and we, as a consequence, were able to make college more affordable for millions of Americans.  (Applause.)

I promised I’d never walk away from the millions of jobs that were in jeopardy when the auto industry was on the brink of collapse.  We decided to ignore Governor Romney’s business advice when he said Detroit should go bankrupt — and now, America, we are building the best cars on Earth.  (Applause.)

Four years ago, I promised to end the war in Iraq — and we did.  (Applause.)  I promised that we would begin the transition in Afghanistan — and we are.  (Applause.)  I said we’d go after the terrorists who attacked us on 9/11 — and thanks to the brave men and women in uniform, the courage of our Navy SEALs, al Qaeda is on the path to defeat, and Osama bin Laden is dead.  (Applause.)

After losing 9 million jobs under the theories that Governor Romney is now promoting, our businesses under the ideas we’ve been working with have added more than 5 million new jobs over the last two-and-a-half years.  (Applause.)  Manufacturing — highest job growth in manufacturing since the 1990s.  The unemployment rate is falling.  Manufacturing is coming back to our shores.  Our assembly lines are humming again.  Housing prices are starting to pick up.  Housing starts are all on the move.

We’ve got a lot of work to do.  But, New Hampshire, the country has come too far for us to turn back now.  (Applause.)  We can’t afford to go back to the policies that got us into this mess.  We’ve got to continue with the policies that are getting out of the mess.  We’ve got to move forward.  And that’s why I am running for second term as President of the United States.  (Applause.)

AUDIENCE:  Four more years!  Four more years!

AUDIENCE MEMBER:  You can do it, Mr. President!

THE PRESIDENT:  Well, I’m going to do it with you.  We can do it together.  (Applause.)

Unlike Governor Romney’s plan — he doesn’t like to talk about it too much — I have a plan that will actually create jobs; that will actually lower our deficit; and will actually provide the middle class with a greater sense of security.  And the good news is my plan — the math actually adds up.  (Applause.)

If you want to check it out, you can go to BarackObama.com/plans.  And I want you to share it with your friends and your neighbors and your coworkers.  There are still people out there who are trying to make up their minds.  Some of you who are here may be trying to make up your mind.  Maybe your girlfriend dragged you out here.  (Laughter.)  No, no, maybe Grandma said, you’ve got to go to the Obama rally — (laughter)  — and you’re still trying to figure it out.  So I’m asking you to compare my plan with Governor Romney’s.  I want you to know what we’re proposing, each of us, and see which plan is better for you and what is better for the future of America.

So, number one, I want to end tax breaks for companies that are shipping jobs overseas.  (Applause.)  I want to reward small businesses and manufacturers who are putting down roots here, hiring American workers, creating American products stamped with three proud words:  Made in America.  We can bring those jobs back to our shores.  (Applause.)

Number two, I want to cut our oil imports in half by 2020 so we control more of our own energy.  Because of the work we’ve already done — increasing oil production, increasing natural gas production, but also emphasizing renewables like solar and wind and biofuels — today we are less dependent on foreign oil than in any time in the last two decades.  (Applause.)  That’s good for your pocketbook.  That’s good for our national security.  It’s good for the environment.

And one reason we’ve been able — we have confidence we can keep on making progress is we’ve doubled the fuel-efficiency standards for cars and trucks.  So in the middle of the next decade, you’ll go twice as far on a gallon of gas. (Applause.)   I want us now to build on that progress.  We’ve got to keep making those investments.  I don’t want fuel-efficient cars and long-lasting batteries and wind turbines and solar panels produced in China.  I want them produced right here in New Hampshire.  (Applause.)  I want them made right here in America. And we can do that.

Number three, we have to make it a nation mission to educate our kids and train our workers better than anybody else in the world.  (Applause.)  I want to recruit 100,000 new math and science teachers because we know that’s an area where we can’t afford to fall behind.  I want to train 2 million workers at our community colleges for the skills that businesses are hiring for right now.  And I want to work with colleges and universities to make sure that tuition does not keep on going up — because our young people can’t afford the debt that they are taking on, and that’s something we can do.  (Applause.)

Number four, my plan will reduce the deficit by $4 trillion over the next 10 years in a balanced way.  We’re going to cut out spending we don’t need — we’ve already cut out a trillion dollars’ worth of spending.  We can do more, but I’m also going to ask the wealthiest Americans to pay a little bit more so we can invest in the research and technology and education that will keep new jobs and businesses coming to America.

And under the guise of reducing the deficit, I will never turn Medicare into a voucher system — (applause) — because no American should have to spend their golden years at the mercy of an insurance company.

And by the way — I think we saw just this past week — we don’t need a whole bunch of politicians in Washington, most of whom are male, making health care decisions for women.  (Applause.)  I don’t think your boss or your insurance company should be making those decisions either.  I believe women should be making their own health care decisions for themselves.  (Applause.)

That’s why the health care law we passed put those choices in your hands, where they belong, and that’s where they’ll stay as long as I’m President of the United States.  (Applause.)

Now, finally, number five, we’re going to use the savings from ending the wars in Iraq and Afghanistan to put our people back to work.  Let’s do some nation-building here at home.  Let’s rebuild our roads, our bridges, our schools.  Let’s lay broadband lines into rural communities all across the country.  And as we’re doing that, we’re going to be putting our veterans back to work.  We’ve got to serve them as well as they’ve served us — because nobody who fights for this country should have to fight for a job, or a roof over their heads, or the care that they’ve earned when they come home.  (Applause.)

So that’s the plan we need, New Hampshire.  That’s how you build a strong, sustainable economy.  That’s how you make sure that middle-class jobs that pay a good wage are out there.  That’s how you encourage new businesses to start here and stay here in America.  That’s how you increase take-home pay — not just by talking about it.  That’s how you build an economy where everybody who works hard can get ahead.  And that’s what we can do together.

But here’s the thing, New Hampshire, it’s now up to you.  It’s your choice.  It’s up to the young people who are here to choose — (applause) — a future that is worthy of all your dreams.  It’s up to the not-so-young people here, including me — I’m included in that category — (laughter) — to make sure we’re leaving the kind of America we want for future generations.

You can choose the top-down policy that got us into this mess, but I think we need to build on the policies that are helping us to make real progress all across this country.  You can choose a foreign policy that’s reckless and wrong, or you can choose the kinds of leadership that I’ve provided that’s steady and strong.  (Applause.)

You can choose to turn back the clock 50 years for women and immigrants and gays — or in this election, you can stand up for that basic principle enshrined in our founding documents that all of us are created equal — black, white, Hispanic, Asian, Native American, young, old, rich, poor, gay, straight, abled, disabled. No matter who you are, no matter what you look like, no matter where you come from, you’ve got a place in America.  You can make it here if you try.  That’s what we believe.  (Applause.)

New Hampshire, we’ve been through tough times, but we’ve been through tough times before and we are tougher.  We always come out on top.  We always bounce back because we pull together. Because we look after one another.  Because we don’t leave anybody behind.  Because when we succeed, we prop that door open and bring those who are following behind us — we pull them through.  That’s who we are.  (Applause.)

Our destiny is not written for us; it’s written by us.  We don’t go backward.  We look forward to that distant horizon, to that new frontier.  We imagine a better America and then we work hard to make it happen.  That’s who we are.

That’s why I’m asking for your vote.  And if you give me your vote, I promise you, you will always have a President who hears your voices, who will fight for your families, who will spend every waking moment thinking about how to make your lives a little bit better.  (Applause.)

New Hampshire, I still believe in you.  I need you to keep believing in me.  (Applause.)  And if you’re willing to work with me, and roll up your sleeves with me, knock on some doors with me, make some phone calls for me, we’ll win Hillsborough County again.  (Applause.)  We’ll win New Hampshire again.  (Applause.) We’ll finish what we started.  And we’ll remind the world why the United States of America is the greatest nation on Earth.  (Applause.)

God bless you, and God bless the United States of America.  (Applause.)

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