Full Text Campaign Buzz 2016 July 13, 2015: Full Text of Gov. Scott Walker’s Campaign Launch Speech Transcript

ELECTION 2016

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CAMPAIGN BUZZ 2016

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Transcript: Read Full Text of Gov. Scott Walker’s Campaign Launch

Source: Time, 7-13-15

Wisconsin Gov. Scott Walker launched his presidential campaign Monday with a speech in Waukesha, Wisconsin.

Here is a transcript for the full remarks.

I love America.

As kids, my brother David and I enjoyed going over to the home of a neighbor by the name of Claire Congdon. In our small town, Mr. Congdon was something of a legend. He served our country in both World War I and World War II.

Then, like so many other veterans, he returned home and continued to serve his community. Mr. Congdon helped out with the concession stand at Legion baseball, he was active in our church and he was one of the leaders of my Boy Scout troop.

Each year before Memorial Day, he would organize all of us Scouts as we put flags on the graves of the fallen. He loved America. It was impossible to be around him and not share his love for God and Country.

Thirty years ago, Mr. Congdon’s American Legion Post in our small town of Delavan, Wisconsin, helped me attend Badger Boys State. This is where I learned about state and local government. It was then my honor to be chosen to represent Wisconsin at a program called Boys Nation.

There I met a Vietnam veteran from Georgia by the name of Bob Turner. Bob and the other veterans who helped run the program did more than teach us about the federal government and national elections, they shared their love for our country, and instilled within me the importance of public service as we seek to protect our freedom.

These veterans remind me that America is a can-do kind of country. We just have a government in Washington that can’t seem to get the job done. Washington, or as I call it, 68 square miles surrounded by reality.

The good news is that there is still time left to turn things around.

To do this, we need new, fresh leadership; leadership with big, bold ideas from outside of Washington; the kind of leadership that can actually get things done – like we have here in Wisconsin.

Since I’ve been Governor, we took on the unions and won.

We reduced taxes by $2 billion and lowered taxes on individuals, employers and property. In fact, property taxes are lower today than they were in 2010. How many Governors can say that?

Since I’ve been Governor, we passed lawsuit reform and regulatory reform. We defunded Planned Parenthood and enacted pro-life legislation. We passed Castle Doctrine and concealed carry. And we now require a photo ID to vote in the State of Wisconsin.

If our reforms can work in a blue state like Wisconsin, they can work anywhere in America.

Traveling the country, I’ve heard people say that they are tired of politicians who only tell them what they’re against and why they should vote against someone.

Americans want to vote FOR something and FOR someone.

So let me tell you what I’m for: I’m for Reform. Growth. Safety.

I’m for transferring power from Washington to the hard-working taxpayers in states all across the country. That’s real reform.

I’m for building a better economy where everyone can live their piece of the American Dream. That’s pro-growth.

I’m for protecting our children and grandchildren from radical Islamic terrorism and other threats in the world. That’s true safety.

My record shows that I know how to fight and win. Now, more than ever, we need a President who will fight and win for America.

Real Reform

First, we need to be for real reform in Washington.

Our big, bold reforms in Wisconsin took the power from the big government special interests and put it firmly into the hands of the hard-working taxpayers.

Today, people elected by local taxpayers actually get to run the schools. Our reforms ended seniority and tenure. Now we can hire and fire based on merit and pay based on performance. We can put the best and the brightest in the classroom.

Four years later: our graduation rates are up, third grade reading scores are higher and Wisconsin’s ACT scores are now second best in the country.

Government that is closest to the people is usually the best. This is why we should move power and money out of Washington and send it back to our states and communities in key areas like Medicaid, transportation, workforce development and education.

Sadly though, Washington seems to measure success by how many people are dependent on the government. Instead, we should measure it by just the opposite: by how many people are no longer dependent on the government.

We understand that true freedom and prosperity don’t come from the mighty hand of the government, they come from empowering people to live their own lives and control their own destinies through the dignity that comes from work.

You see, my first job was washing dishes at the Countryside Restaurant. Then, I moved up to the big times and started flipping hamburgers in high school at McDonald’s to save up for college.

My dad was a small-town pastor and my mom worked as a part-time secretary and bookkeeper. My grandparents were farmers who didn’t have indoor plumbing until my mom went off to junior high school. My dad’s dad – my Grandpa Walker – was a machinist for 42 years at Barber-Coleman.

Looking back, I realize my brother David and I didn’t inherit fame and fortune from our family. What we got was the belief that if you work hard and play by the rules, you can do and be anything you want. That’s the American Dream. And that is worth fighting for.

Helping adults who are able to work transition from government dependence to true independence will help more people live that dream.

In Wisconsin, we enacted a program that says that adults who are able to work must be enrolled in one of our job training programs before they can get a welfare check. Now, as of the budget I just signed, we are also making sure they can take a drug test.

When I proposed this, the status quo defenders cried that we were making it harder to get government assistance. My response? No, we’re making it easier to get a job.

Strong families help too. We know that children who are raised in a household where both parents are involved are more likely to finish school, find a good job and live a life free of government dependence.

The federal government needs to support strong families by ending the marriage penalty and by reforming welfare programs that discourage fathers from being involved in the lives of their children.

I know how important both my parents were to my brother David and I when we were growing up.

That’s why Tonette and I try to be good role models for Matt and Alex and we are proud of the leaders that each have become today.

We want to ensure that they – and every other son and daughter – have the opportunity to grow up in a more free and prosperous country.

Pro-Growth

To ensure that prosperity, we need to be for a pro-growth economic plan that helps individuals and families earn, save and achieve their piece of the American Dream.

Instead of the top-down, government-knows-best approach we hear from politicians in Washington, we need to build the economy from the ground up in a way that is new and fresh, organic and dynamic.

As long as you don’t violate the health and safety of your neighbors – go out and start your own career, build your own business, live your own life.

That’s freedom – the freedom that serves as the cornerstone of the American Dream.

To help live that dream, we have a plan to help the people of this country create more jobs and higher wages.

First, we must repeal ObamaCare. That’s right, repeal the so-called Affordable Care Act entirely and put patients and families back in charge of their health care decisions – not the federal government.

As Governor, I approved Wisconsin joining the lawsuit against ObamaCare on my first day in office. We need a President who – on the first day in office – will call on Congress to pass a full repeal of ObamaCare.

Next, we need to rein in the federal government’s out-of-control regulations that are like a wet blanket on the economy. Yes, enforce common sense rules – but don’t add more bureaucratic red tape.

In Wisconsin, I called for an overhaul of Wisconsin’s regulatory process on my first day as Governor. We can do the same in Washington, then we can act to repeal Obama’s bad regulations.

Then, put into place an “all-of-the-above” energy policy that uses the abundance of what God has given us here in America and on this continent. We are now an energy-rich country and we can literally fuel our economic recovery.

We need a President who will approve the Keystone pipeline on the very first day in office and then seek to level the playing field for all sources of energy.

Next, we need to help people get the education and the skills they need to succeed. This will help people find careers that pay far more than the minimum wage.

In Wisconsin, we reformed our public schools and gave families as many quality choices as possible because I trust parents to make the right decision for their children. I believe that every child deserves access to a great education – be it in a traditional public, charter, choice, private, virtual or home school environment.

We want high standards, but we want them set at the local level. No Common Core. No nation-wide school board.

I will push to take the power and money out of Washington and send it to our states and our schools, where it is more effective, more efficient and more accountable to the people of America. Think about it: where would you rather spend your dollar – in Washington or at your child’s school?

And then, we need to lower the burden on hard-working taxpayers to improve take-home pay. And we need tax levels that are competitive for job creators to bring jobs back from overseas to put more of our fellow Americans back to work.

We can do it. We did it in Wisconsin and we can do it in Washington, too.

So, why do I focus so much attention on tax relief? Well, some of you know that Tonette and I like to shop at Kohl’s. Over the years, I’ve learned that if I’m going to buy a new shirt, I go to the rack that says that the shirt was $29.99 but now is $19.99. Then, I take the coupon from the Sunday paper up to the cashier or I take out the flyer that we get in the mail that gives us 15 or 20% off – or even 30% if we are really lucky.

Then, Tonette reaches into her purse and pulls out some Kohl’s cash. Next thing you know, they’re paying us to buy that shirt.

Well, not really. So how does a company like Kohl’s make money?

Volume. They make it off of volume.

You see, they could charge you $29.99 and a few of you could afford it or they can lower the price and broaden the base and make more money off of volume.

That’s what I think about your money – the taxpayers’ money. The government could charge the higher rates and a few of you could afford it. Or, we can lower the rates and broaden the base and increase the volume of people participating in our economy.

Years ago, we saw this kind of plan work well under President Ronald Reagan. Back then, it was called the Laffer Curve. Today, I call it the Kohl’s Curve because I believe that you can spend your own money far better than the government – and that will help grow the economy.

True Safety

To prosper, however, we need a safe and stable world. Let me tell you why I’m for true safety. To me, the commander in chief has a sacred duty to keep the people of America safe.

During my lifetime, the best president on national security and foreign policy was a Governor from California. Under his leadership, we rebuilt our military, stood up for our friends, stood up to our enemies and – without apology – stood for American values: this led to one of the most peaceful times in modern American history.

Today sadly, under the Obama/Clinton doctrine, America is leading from behind and we’re headed toward a disaster.

We have a President who drew a line in the sand and allowed it to be crossed. A President who called ISIS the JV squad, Yemen a success story and Iran a place we can do business with. Iran…think about that.

My brother David and I used to tie ribbons around the tree in front of our house during the 444 days that Iran held 52 Americans hostage. One of them was Kevin Hermening who grew up down the road in Oak Creek. He was the youngest hostage – a Marine working at the U.S. Embassy in Tehran.

Kevin Hermening is here today. He knows that Iran is not a place we should be doing business with. Iran hasn’t changed much since he and the other hostages were released on President Reagan’s first day in office.

Looking ahead, we need to terminate the bad deal with Iran on Day One, put in place crippling economic sanctions and convince our allies to do the same.

Earlier this year, the President proclaimed that climate change is the greatest threat to future generations. Well Mr. President, I respectfully disagree. The greatest threat to future generations is radical Islamic terrorism and we need to do something about it.

That means lifting the political restrictions on our military personnel in Iraq so they can help our Kurd and Sunni allies reclaim land taken by ISIS. On behalf of your children and mine, I’d rather take the fight to them than wait for them to bring the fight to us.

We need to acknowledge that Israel is our ally and start treating Israel like an ally. There should be absolutely no daylight between our two countries. That’s why I went to Israel earlier this year and met with both the Prime Minister and the opposition leader to express my wholehearted support for the unshakeable bonds between our two countries.

We need to stop the aggression of Russia into sovereign nations. Putin bases his policies on Lenin’s old principle: probe with bayonets, if you encounter mush, push; if you encounter steel, stop.

With Obama and Clinton, Putin has encountered years of mush. The United States needs a foreign policy that puts steel in front of our enemies.

We need to stop China’s cyber attacks, stop their territorial expansion into international waters and speak out about their abysmal human rights record.

We need to have the capacity to protect our national security interests – here and abroad – and those of our allies. That begins with rebuilding the Defense budget at least to the levels recommended by Secretary Gates.

We need to honor our men and women in uniform by giving them the resources they need to keep us safe – and then give them the quality and timely healthcare they deserve when they return home.

But I believe that the best way we can honor them is by fighting to win. This is important because our goal is peace, but there will be times when America must fight.

And if we must, Americans fight to win.

The world needs to know that there is no better friend and no worse enemy than the United States of America.

America is a great country. We just need to lead again.

It’s not too late. We can do it because we’ve done it before.

Veterans like Claire Congdon and Bob Turner remind me that what makes America great, what makes us exceptional, what makes us the greatest country in the world, is that all throughout our history during times of crisis – be it economic or fiscal, spiritual or military – what makes America amazing, is that there have been men and women of courage who thought more about future generations than they did about their own political futures.

This is one of those times in American history.

After a great deal of thought and a whole lot of prayer, we are proud to announce that I am officially running to serve as your President of the United States of America.

Tonette and I want our sons Matt and Alex – and all of the other sons and daughters like them – to grow up in a country that is at least as great as the one we inherited.

Americans deserve a President who will fight and win for them.

Someone who will stand up for the right to life, liberty and the pursuit of happiness. Someone who will stand up for our religious rights and all of our other Constitutional rights. Someone who will stand up for America.

You see, It doesn’t matter if you’re from a big city, a suburb or a small town, I will fight and win for you.

Healthy or sick, born or unborn, I will fight and win for you.

Young or old – or somewhere in between – I will fight and win for you.

Over the years, I’ve met some amazing people who came here from other places around the world. The people I’ve met tell me that they didn’t come here to become dependent on the government.

No, the reason they came was because America is one of the few places left in the world where it doesn’t matter what class you were born into or what your parents did for a living. In America, you can do and be anything you want.

Here, the opportunity is equal for all, but the outcome is up to each and every one of us.

You see, there is a reason we just took a day off to celebrate the 4th of July and not April 15th. Because in America, we celebrate our independence from the government and not our dependence on it.

That’s why I love America. That’s why we love America. That’s why – working together – we can fight and win for America.

God bless you. God bless our troops. And may God bless the United States of America.

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Full Text Campaign Buzz 2016 July 13, 2015: Hillary Clinton’s Speech on Economic Policy Transcript

ELECTION 2016

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CAMPAIGN BUZZ 2016

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Transcript of Hillary Clinton’s Speech On Economic Policy

Thank you, thank you, thank you so much. Thank you very much President Van Zandt, and thanks to everyone at the New School for welcoming us today. I’m delighted to be back.

You know, over the past few months, I’ve had the opportunity to listen to Americans’ concerns about an economy that still isn’t delivering for them. It’s not delivering the way it should – it still seems to most Americans that I have spoken with that it is stacked for those at the top.

But I’ve also heard their hopes for the future: going to college without drowning in debt… starting that small business they’ve always dreamed about… getting a job that pays well enough to support a family and provide for a secure retirement.

Previous generations of Americans built the greatest economy and strongest middle class the world has ever known on the promise of a basic bargain:

If you work hard and do your part, you should be able to get ahead. And when you get ahead, America gets ahead.

But over several decades, that bargain has eroded. Our job is to make it strong again.

For 35 years, Republicans have argued that if we give more wealth to those at the top – by cutting their taxes and letting big corporations write their own rules – it will trickle down, it will trickle down to everyone else.

Yet every time they have a chance to try that approach, it explodes the national debt, concentrates wealth even more, and does practically nothing to help hard-working Americans.

Twice now in the past 20 years, a Democratic president has had to come in and clean up the mess. I think the results speak for themselves.

Under President Clinton – I like the sound of that – America saw the longest peacetime expansion in history … nearly 23 million jobs… a balanced budget and a surplus for the future. And most importantly, incomes rose across the board, not just for those already at the top.

Eight years later, President Obama and the American people’s hard work pulled us back from the brink of Depression. President Obama saved the auto industry, imposed new rules on Wall Street, and provided health care to 16 million Americans.

Now today, today as the shadow of crisis recedes and longer-term challenges come into focus, I believe we have to build a “growth and fairness” economy. You can’t have one without the other.

We can’t create enough jobs and new businesses without more growth, and we can’t build strong families and support our consumer economy without more fairness.

We need both, because while America is standing again, we’re not yet running the way we should.

Corporate profits are at near-record highs and Americans are working as hard as ever – but paychecks have barely budged in real terms.

Families today are stretched in so many directions, and so are their budgets. Out-of-pocket costs of health care, childcare, caring for aging parents are rising a lot faster than wages.

I hear this everywhere I go.

The single mom who talked to me about juggling a job and classes at community college, while raising three kids. She doesn’t expect anything to come easy, but if she got a raise, everything wouldn’t be quite so hard.

The grandmother who works around the clock providing childcare to other people’s kids. She’s proud of her work but the pay is barely enough to live on, especially with the soaring price of her prescription drugs.

The young entrepreneur whose dream of buying the bowling alley where he worked as a teenager was nearly derailed by his student debt. If he can grow his business, he’ll be able to pay off his debt and pay his employees, including himself, more too.

Millions of hard-working Americans tell similar stories.

Wages need to rise to keep up with costs.

Paychecks need to grow.

Families who work hard and do their part deserve to get ahead and stay ahead.

The defining economic challenge of our time is clear:

We must raise incomes for hard-working Americans so they can afford a middle-class life. We must drive strong and steady income growth that lifts up families and lifts up our country.

And that will be my mission from the first day I’m President to the last. I will get up everyday thinking about the families of America, like the family that I came from with a hard working dad who started a small business and scrimped and saved and gave us a good middle class life. I’ll be thinking about all the people that I represented here in New York and the stories that they told me and that I worked with them to improve. And I will as your President take on this challenge against the backdrop of major changes in our economy and the global economy that didn’t start with the recession and won’t end with the recovery.

You know advances in technology and expanding global trade have created whole new areas of commercial activity and opened new markets for our exports, but too often they’re also polarizing our economy – benefiting high-skilled workers but displacing or downgrading blue collar jobs and other midlevel jobs that used to provide solid incomes for millions of Americans.

Today’s marketplace focuses too much on the short term – like second-to-second financial trading and quarterly earnings reports – and too little on long-term investments.

Meanwhile, many Americans are making extra money renting out a spare room, designing websites, selling products they design themselves at home, or even driving their own car. This “on demand” or so-called “gig economy” is creating exciting opportunities and unleashing innovation but it’s also raising hard questions about workplace protections and what a good job will look like in the future.

So all of these trends are real, and none, none is going away. But they don’t determine our destiny. The choices we make as a nation matter. And the choices we make in the years ahead will set the stage for what American life in the middle class in our economy will be like in this century.

As President, I will work with every possible partner to turn the tide. To make these currents of change start working for us more than against us. To strengthen –not hollow out – the American middle class.

Because I think at our best, that’s what Americans do. We’re problem solvers, not deniers. We don’t hide from change – we harness it.

The measure of our success must be how much incomes rise for hard-working families, not just for successful CEOs and money managers. And not just some arbitrary growth target untethered to people’s lives and livelihoods.

I want to see our economy work for the struggling, the striving, and the successful.

We’re not going to find all the answers we need today in the playbooks of the past. We can’t go back to the old policies that failed us before. Nor can we just replay previous successes. Today is not 1993 or 2009. We need solutions for the big challenges we face now.

So today I am proposing an agenda to raise incomes for hard-working Americans. An agenda for strong growth, fair growth, and long-term growth.

Let me begin with strong growth.

More growth means more jobs and more new businesses. More jobs give people choices about where to work. And employers have to offer higher wages and better benefits in order to compete with each other to hire new workers and keep the productive ones. That’s why economists tell us that getting closer to full employment is crucial for raising incomes.

Small businesses create more than 60 percent of new American jobs on net. So they have to be a top priority. I’ve said I want to be the small business President, and I mean it. And throughout this campaign I’m going to be talking about how we empower entrepreneurs with less red tape, easier access to capital, tax relief and simplification.

I’ll also push for broader business tax reform to spur investment in America, closing those loopholes that reward companies for sending jobs and profits overseas.

And I know it’s not always how we think about this, but another engine of strong growth should be comprehensive immigration reform.

I want you to hear this: Bringing millions of hard-working people into the formal economy would increase our gross domestic product by an estimated $700 billion over 10 years.

Then there are the new public investments that will help established businesses and entrepreneurs create the next generation of high-paying jobs.

You know when we get Americans moving, we get our country moving.

So let’s establish an infrastructure bank that can channel more public and private funds, channel those funds to finance world-class airports, railways, roads, bridges and ports.

And let’s build those faster broadband networks – and make sure there’s a greater diversity of providers so consumers have more choice.

And really there’s no excuse not to make greater investments in cleaner, renewable energy right now. Our economy obviously runs on energy. And the time has come to make America the world’s clean energy superpower. I advocate that because these investments will create millions of jobs, save us money in the long run, and help us meet the threats of climate change.

And let’s fund the scientific and medical research that spawns innovative companies and creates entire new industries, just as the project to sequence the human genome did in the 1990s, and President Obama’s initiatives on precision medicine and brain research will do in the coming years.

I will set ambitious goals in all of these areas in the months ahead.

But today let me emphasize another key ingredient of strong growth that often goes overlooked and undervalued: breaking down barriers so more Americans participate more fully in the workforce – especially women.

We are in a global competition, as I’m sure you have noticed, and we can’t afford to leave talent on the sidelines, but that’s exactly what we’re doing today. When we leave people out, or write them off, we not only shortchange them and their dreams — we shortchange our country and our future.

The movement of women into the workforce over the past forty years was responsible for more than three and a half trillion dollars in economic growth.

But that progress has stalled. The United States used to rank 7th out of 24 advanced countries in women’s labor force participation. By 2013, we had dropped to 19th. That represents a lot of unused potential for our economy and for American families.

Studies show that nearly a third of this decline relative to other countries is because they’re expanding family-friendly policies like paid leave and we are not.

We should be making it easier for Americans to be both good workers and good parents and caregivers. Women who want to work should be able to do so without worrying every day about how they’re going to take care of their children or what will happen if a family member gets sick.

You know last year while I was at the hospital here in Manhattan waiting for little Charlotte to make her grand entrance, one of the nurses said, “Thank you for fighting for paid leave.” And we began to talk about it. She sees first-hand what it means for herself and her colleagues as well as for the working parents that she helps take care of.

It’s time to recognize that quality, affordable childcare is not a luxury – it’s a growth strategy. And it’s way past time to end the outrage of so many women still earning less than men on the job — and women of color making even less.

All this lost money adds up and for some women, it’s thousands of dollars every year.

Now I am well aware that for far too long, these challenges have been dismissed by some as “women’s issues.”

Well those days are over.

Fair pay and fair scheduling, paid family leave and earned sick days, child care are essential to our competitiveness and growth.

And we can do this in a way that doesn’t impose unfair burdens on businesses – especially small businesses.

As President, I’ll fight to put families first – just like I have my entire career.

Now, beyond strong growth, we also need fair growth. And that will be the second key driver of rising incomes.

The evidence is in: Inequality is a drag on our entire economy, so this is the problem we need to tackle.

You may have heard Governor Bush say last week that Americans just need to work longer hours. Well, he must not have met very many American workers.

“Let him tell that to the nurse who stands on her feet all day or the trucker who drives all night. Let him tell that to the fast food workers marching in the streets for better pay. They don’t need a lecture – they need a raise.

The truth is, the current rules for our economy reward some work – like financial trading – much more than other work, like actually building and selling things the work that’s always been the backbone of our economy.

To get all incomes rising again, we need to strike a better balance. If you work hard, you ought to be paid fairly. So we have to raise the minimum wage and implement President Obama’s new rules on overtime. And then we have to go further.

I’ll crack down on bosses who exploit employees by misclassifying them as contractors or even steal their wages.

To make paychecks stretch, we need to take on the major strains on family budgets. I’ll protect the Affordable Care Act – and build on it to lower out-of-pocket health care costs and to make prescription drugs more affordable.

We’ll help families look forward to retirement by defending and enhancing Social Security and making it easier to save for the future.

Now many of these proposals are time-tested and more than a little battle-scarred. We need new ideas as well. And one that I believe in and will fight for is profit sharing.

Hard working Americans deserve to benefit from the record corporate earnings they help produce. So I will propose ways to encourage companies to share profits with their employees.

That’s good for workers and good for business.

Studies show profit-sharing that gives everyone a stake in a company’s success can boost productivity and put money directly into employees’ pockets. It’s a win-win.

Later this week in New Hampshire, I’ll have more to say about how we do this.

Another priority must be reforming our tax code.

Now we hear Republican candidates talk a lot about tax reform. But take a good look at their plans. Senator Rubio’s would cut taxes for households making around $3 million a year by almost $240,000 – which is way more than three times the earnings of a typical family. Well that’s a sure budget-busting give-away to the super-wealthy. And that’s the kind of bad economics you’re likely to get from any of the candidates on the other side.

I have a different take, guided by some simple principles.

First, hard-working families need and deserve tax relief and simplification.

Second, those at the top have to pay their fair share. That’s why I support the Buffett Rule, which makes sure that millionaires don’t pay lower rates than their secretaries.

I have also called for closing the carried interest loophole, which lets wealthy financiers pay an artificially low rate.

And let’s agree that hugely successful companies that benefit from everything America has to offer should not be able to game the system and avoid paying their fair share… especially while companies who can’t afford high-price lawyers and lobbyists end up paying more.

Alongside tax reform, it’s time to stand up to efforts across our country to undermine worker bargaining power, which has been proven again and again to drive up wages.

Republicans governors like Scott Walker have made their names stomping on workers’ rights. And practically all the Republican candidates hope to do the same as President.

I will fight back against these mean-spirited, misguided attacks.

Evidence shows that the decline of unions may be responsible for a third of the increase of inequality among men. So if we want to get serious about raising incomes, we have to get serious about supporting workers.

And let me just say a word here about trade. The Greek crisis as well as the Chinese stock market have reminded us that growth here at home and growth an ocean away are linked in a common global economy. Trade has been a major driver of the economy over recent decades but it has also contributed to hollowing out our manufacturing base and many hard-working communities. So we do need to set a high bar for trade agreements.

We should support them if they create jobs, raise wages, and advance our national security. And we should be prepared to walk away if they don’t.

To create fair growth, we need to create opportunity for more Americans.

I love the saying by Abraham Lincoln, who in many ways was not only the President who saved our union, but the president who understood profoundly the importance of the middle class, and the importance of the government playing its role in providing opportunities. He talked about giving Americans a fair chance in the race of life. I believe that with all my heart. But I also believe it has to start really early at birth. High quality early learning, especially in the first five years, can set children on the course for future success and raise lifetime incomes by 25 percent.

I’m committed to seeing every 4-year old in America have access to high-quality preschool in the next ten years. But I want to do more. I want to call for a great outpouring of support from our faith community, our business community, our academic institutions, from philanthropy and civic groups and concerned citizens to really help parents, particularly parents who are facing a lot of obstacles. To really help prepare their own children in that zero to four age group.

80% of your brain is physically formed by age of three. That’s why families like mine read, talk, and sing endlessly to our granddaughter. I’ve said that her first words are going to be enough with the reading, and the talking, and the singing. But we do it not only because we love doing it, even though I’ll admit it’s a little embarrassing to be reading a book to a two-week old, or a six-week old, a ten-week old. But we do it because we understand that it’s building her capacity for learning. And the research shows that by the time she enters kindergarten she will have heard 30 million more words than I child from a less privileged background.

Think of what we are losing because we are not doing everything we can to reach out to those families and we know again from so much research here in the United States and around the world that the early help, that mentoring, that intervention to help those often-stressed out young moms understand more about what they can do and avoid the difficulties that stand in the way of their being able to get their child off to the best start.

We also have to invest in our students and teachers at every level.

And in the coming weeks and months, I’ll lay out specific steps to improve our schools, make college truly affordable, and help Americans refinance their student debt.

Let’s embrace the idea of lifelong learning. In an age of technological change, we need to provide pathways to get skills and credentials for new occupations, and create online platforms to connect workers to jobs. There are exciting efforts underway and I want to support and scale the ones that show results.

As we pursue all these policies, we can’t forget our fellow Americans hit so hard and left behind by this changing economy— from the inner cities to coal country to Indian country. Talent is universal – you find it everywhere – but opportunity is not.

There are nearly 6 million young people aged 16 to 24 in America today who are not in school or at work. The numbers for young people of color are particularly staggering. A quarter of young black men and nearly 15 percent of all Latino youth cannot find a job.

We’ve got to do a better way of coming up to match the growing middle class incomes we want to generate with more pathways into the middle class. I firmly believe that the best anti-poverty program is a job, but that’s hard to say if there are not enough jobs for people that we are trying to help lift themselves out of poverty.

That’s why I’ve called for reviving the New Markets Tax Credit and Empowerment Zones to create greater incentives to invest in poor and remote areas.

When all Americans have the chance to study hard, work hard, and share in our country’s prosperity – that’s fair growth. It’s what I’ve always believed in and it’s what I will fight for as President.

Now, the third key driver of income alongside strong growth and fair growth must be long-term growth.

Too many pressures in our economy today push us toward short-termism. Many business leaders see this. They’ve talked to me about. One has called it the problem of “quarterly capitalism.” They say everything’s focused on the next earnings report or the short-term share price. The result is too little attention on the sources of long-term growth: research and development, physical capital, and talent.

Net business investment – which includes things like factories, machines, and research labs – has declined as a share of the economy. In recent years, some of our biggest companies have spent more than half their earnings to buy back their own stock, and another third or more to pay dividends. That doesn’t leave a lot left to raise pay or invest in the workers who made those profits possible or to make the new investments necessary to insure a company’s future success. These trends need to change. And I believe that many business leaders are eager to embrace their responsibilities, not just to today’s share price but also to workers, communities, and ultimately to our country and indeed our planet.

I’m not talking about charity – I’m talking about clear-eyed capitalism. Many companies have prospered by improving wages and training their workers that then yield higher productivity, better service, and larger profits.

Now it’s easy to try to cut costs by holding down or decreasing pay and other investments to inflate quarterly stock prices, but I would argue that’s bad for business in the long run.

And, it’s really bad for our country.

Workers are assets. Investing in them pays off. Higher wages pay off. And training pays off.

To help more companies do that, I’ve proposed a new $1,500 apprenticeship tax credit for every worker they train and hire.

And I will soon be proposing a new plan to reform capital gains taxes to reward longer-term investments that create jobs more than just quick trades.

I will also propose reforms to help CEOs and shareholders alike focus on the next decade rather than just the next day. Making sure stock buybacks aren’t being used only for an immediate boost in share prices. Empowering outside investors who want to build companies but discouraging “cut and run” shareholders who act more like old-school corporate raiders. And nowhere will the shift from short-term to long-term be more important than on Wall Street.

As a former Senator from New York, I know first-hand the role that Wall Street can and should play in our economy – helping Main Street grow and prosper and boosting new companies that make America more competitive globally.

But, as we all know, in the years before the crash, financial firms piled risk upon risk. And regulators in Washington either couldn’t or wouldn’t keep up.

I was alarmed by this gathering storm, and called for addressing the risks of derivatives, cracking down on subprime mortgages, and improving financial oversight.

Under President Obama’s leadership, we’ve imposed tough new rules that deal with some of the challenges on Wall Street. But those rules have been under assault by Republicans in Congress and those running for President.

I will fight back against these attacks and protect the reforms we’ve made. We can do that and still ease burdens on community banks to encourage responsible loans to local people and businesses they know and trust.

We also have to go beyond Dodd-Frank.

Too many of our major financial institutions are still too complex and too risky. And the problems are not limited to the big banks that get all the headlines. Serious risks are emerging from institutions in the so-called “shadow banking” system – including hedge funds, high frequency traders, non-bank finance companies – so many new kinds of entities which receive little oversight at all.

Stories of misconduct by individuals and institutions in the financial industry are shocking. HSBC allowing drug cartels to launder money. Five major banks pleading guilty to felony charges for conspiring to manipulate currency exchange and interest rates. There can be no justification or tolerance for this kind of criminal behavior.

And while institutions have paid large fines and in some cases admitted guilt, too often it has seemed that the human beings responsible get off with limited consequences – or none at all, even when they’ve already pocketed the gains.

This is wrong and, on my watch, it will change.

Over the course of this campaign, I will offer plans to rein in excessive risks on Wall Street and ensure that stock markets work for everyday investors, not just high frequency traders and those with the best – or fastest – connections.

I will appoint and empower regulators who understand that Too Big To Fail is still too big a problem.

We’ll ensure that no firm is too complex to manage or oversee.

And we will prosecute individuals as well as firms when they commit fraud or other criminal wrongdoing.

And when the government recovers money from corporations or individuals for harming the public, it should go into a separate trust fund to benefit the public. It, could for example, help modernize infrastructure or even be returned directly to taxpayers.

Now reform is never easy. But we have done it before in our country. But we have to get this right. And we need leadership from the financial industry and across the private sector to join with us.

Two years ago, the head of the Chicago Mercantile Exchange, Terry Duffy, published an op-ed in the Wall Street Journal that really caught my attention. He wrote, and I quote: “I’m concerned that those of us in financial services have forgotten who we serve—and that the public knows it… Some Wall Streeters can too easily slip into regarding their work as a kind of money-making game divorced from the concerns of Main Street.”

I think we should listen to Terry Duffy.

Of course, long-term growth is only possible if the public sector steps up as well.

So it’s time to end the era of budget brinksmanship and stop careening from one self-inflicted crisis to another. It’s time to stop having debates over the small stuff and focus on how we’re going to tackle the big stuff together:

How do we respond to technological change in a way that creates more good jobs than it displaces or destroys?

Can we sustain a boom in advanced manufacturing?

What are the best ways to nurture start-ups outside the successful corridors like Silicon Valley?

Questions like these demand thoughtful and mature debate from our policy makers in government, from our leaders in the private sector, and our economists, our academics, and others who can come to the table on behalf of America and perform their patriotic duty to ensure that our economy keeps working and our middle class keeps growing.

So government has to be smarter, simpler, more focused itself on long-term investments than short-term politics – and be a better partner to cities, states, and the private sector. Washington has to be a better steward of America’ tax-dollars and Americans’ trust. And please let’s get back to making decisions that rely on evidence more than ideology.

That’s what I’ll do as President. I will seek out and welcome any good idea that is actually based on reality. I want to have principled and pragmatic and progressive policies that really move us forward together and I will propose ways to ensure that our fiscal outlook is sustainable — including by continuing to restrain healthcare costs, which remain one of the key drivers of long-term deficits. I will make sure Washington learns from how well local governments, business, and non-profits are working together in successful cities and towns across America.

You know passing legislation is not the only way to drive progress. As President, I’ll use the power to convene, connect, and collaborate to build partnerships that actually get things done.

Because above all, we have to break out of the poisonous partisan gridlock and focus on the long-term needs of our country.

I confess maybe it’s the grandmother in me, but I believe that part of public service is planting trees under whose shade you’ll never sit.

And the vision I’ve laid our here today – for strong growth, fair growth, and long term growth, all working together — will get incomes rising again, will help working families get ahead and stay ahead.

That is the test of our time. And I’m inviting everyone to please join me, to do your part, that’s what great countries do. That’s what our country always has done. We rise to challenges.

It’s not about left, right, or center – it’s about the future versus the past.

I’m running for President to build an America for tomorrow, not yesterday.

An America built on growth and fairness.

An America where if you do your part, you will reap the rewards.

Where we don’t leave anyone out, or anyone behind.

Thank you all. Thank you. I just want to leave you with one more thought.

I want every child, every child in our country, not just the granddaughter of a former President or a former secretary of state, but every child to have the chance to live up to his or her God-given potential.

Please join me in that mission. Let’s do it all together.

Thank you so much.

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