Milwaukee Labor Day speech:
The White HouseOffice of the Press Secretary
For Immediate Release
September 06, 2010
Remarks by the President at Laborfest in Milwaukee, Wisconsin
Henry Maier Festival Park, Milwaukee, WisconsinLink:
2:11 P.M. CDT
THE PRESIDENT: Hello, Milwaukee! (Applause.) Hello, Milwaukee! (Applause.) Thank you. It is good to be back in Milwaukee. It is good to be -- I’m almost home. (Applause.) I just hop on the 94 and I’m home. (Applause.) Take it all the way to the South Side.
It is good -- it is good to be here on such a beautiful day. Happy Labor Day, everybody. (Applause.) I want to say thank you to the Milwaukee Area Labor Council and all of my brothers and sisters in the AFL-CIO for inviting me to spend this day with you -- (applause) -- a day that belongs to the working men and women of America.
I want to acknowledge your outstanding national president, a man who knows that a strong economy needs a strong labor movement: Rich Trumka. (Applause.) Thank you to the president of Wisconsin AFL-CIO Dave Newby. (Applause.) Our host, your area Labor Council Secretary-Treasurer Sheila Cochran. I hear it’s Sheila’s birthday tomorrow. Where is she? (Applause.) Happy birthday, Sheila. (Applause.) I’m proud to be here with our Secretary of Labor, a daughter of union members, Hilda Solis. (Applause.) And our Secretary of Transportation Ray LaHood is in the house. (Applause.) And I want everybody to give it up for people who are at the forefront of every fight for Wisconsin’s working men and women -- Senator Herb Kohl; Congresswoman Gwen Moore. (Applause.) Your outstanding mayor and I believe soon to be outstanding governor Tom Barrett is in the house. (Applause.) And I know -- I know your other great senator, Russ Feingold, was here earlier standing with you and your families just like he always has. Now he’s in his hometown of Janesville to participate in their Labor Day parade.
So it is good to be back. Now, of course, this isn’t my first time at Laborfest. Some of you remember I stood right here with you two years ago when I was still a candidate for this office. (Applause.) And during that campaign, we talked about how, for years, the values of hard work and responsibility that had built this country had been given short shrift, and how it was slowly hollowing out our middle class. Listen, everybody who has a chair, go ahead and sit down, because everybody’s all hollering. (Applause.) Just relax, I’m going to be talking for a while now. (Applause.) Everybody take -- (applause) -- got a lot of hardworking people here, you deserve to sit down for a day. (Applause.) You’ve been on your feet all year working hard.
But two years ago, we talked about some on Wall Street who were taking reckless risks and cutting corners to turn huge profits while working Americans were fighting harder and harder just to stay afloat. We talked about how the decks all too often were stacked in favor of special interests and against the interests of working Americans.
And what we knew, even then, was that these years would be some of the most difficult in our history. And then, two weeks later -- two weeks after I spoke here -- the bottom fell out of the economy. And middle-class families suddenly found themselves swept up in the worst recession of our lifetimes.
So the problems facing working families, they’re nothing new. But they are more serious than ever. And that makes our cause more urgent than ever. For generations, it was the great American working class, the great American middle class that made our economy the envy of the world. It’s got to be that way again. (Applause.)
Milwaukee, it was folks like you that built this city. It was folks like you that built this state. It was folks like you who forged that middle class all across the nation.
It was working men and women who made the 20th century the American century. It was the labor movement that helped secure so much of what we take for granted today. (Applause.) The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label. (Applause.)
And it was that greatest generation that built America into the greatest force of prosperity and opportunity and freedom that the world has ever known -- Americans like my grandfather, who went off to war just boys, then returned home as men, and then they traded in one uniform and set of responsibilities for another. And Americans like my grandmother, who rolled up her sleeves and worked in a factory on the home front. And when the war was over, they studied under the GI Bill, and they bought a home under the FHA, and they raised families supported by good jobs that paid good wages with good benefits.
It was through my grandparents’ experience that I was brought up to believe that anything is possible in America. (Applause.) But, Milwaukee, they also knew the feeling when opportunity is pulled out from under you. They grew up during the Depression, so they’d tell me about seeing their fathers or their uncles losing jobs; how it wasn’t just the loss of a paycheck that hurt so bad. It was the blow to their dignity, their sense of self-worth. I’ll bet a lot of us have seen people who’ve been changed after a long bout of unemployment. It can wear you down, even if you’ve got a strong spirit. If you’re out of work for a long time, it can wear you down.
So my grandparents taught me early on that a job is about more than just a paycheck. A paycheck is important. But a job is about waking up every day with a sense of purpose, and going to bed each night feeling you’ve handled your responsibilities. (Applause.) It’s about meeting your responsibilities to yourself and to your family and to your community. And I carried that lesson with me all those years ago when I got my start fighting for men and women on the South Side of Chicago after their local steel plant shut down. And I carried that lesson with me through my time as a state senator and a U.S. senator, and I carry that lesson with me today. (Applause.)
And I know -- I know that there are folks right here in this audience, folks right here in Milwaukee and all across America, who are going through these kinds of struggles. Eight million Americans lost their jobs in this recession. And even though we’ve had eight straight months of private sector job growth, the new jobs haven’t been coming fast enough. Now, here’s the honest truth, the plain truth. There’s no silver bullet. There’s no quick fix to these problems. I knew when I was running for office, and I certainly knew by the time I was sworn in, I knew it would take time to reverse the damage of a decade worth of policies that saw too few people being able to climb into the middle class, too many people falling behind. (Applause.)
We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis. But on this Labor Day, there are two things I want you to know. Number one: I am going to keep fighting every single day, every single hour, every single minute, to turn this economy around and put people back to work and renew the American Dream, not just for your family, not just for all our families, but for future generations. That I can guarantee you. (Applause.)
Number two -- I believe this with every fiber of my being: America cannot have a strong, growing economy without a strong, growing middle class, and the chance for everybody, no matter how humble their beginnings, to join that middle class -- (applause) -- a middle class built on the idea that if you work hard, if you live up to your responsibilities, then you can get ahead; that you can enjoy some basic guarantees in life. A good job that pays a good wage. Health care that will be there when you get sick. (Applause.) A secure retirement even if you’re not rich. (Applause.) An education that will give your children a better life than we had. (Applause.) These are simple ideas. These are American ideas. These are union ideas. That’s what we’re fighting for. (Applause.)
I was thinking about this last week. I was thinking about this last week on the day I announced the end of our combat mission in Iraq. (Applause.) And I spent some time, as I often do, with our soldiers and our veterans. And this new generation of troops coming home from Iraq, they’ve earned their place alongside the greatest generation. (Applause.) Just like that greatest generation, they’ve got the skills, they’ve got the training, they’ve got the drive to move America’s economy forward once more. We’ve been investing in new care and new opportunities and a new commitment to our veterans, because we’ve got to serve them just the way they served us. (Applause.)
But, Milwaukee, they’re coming home to an economy hit by a recession deeper than anything we’ve seen since the 1930s. So the question is, how do we create the same kinds of middle-class opportunities for this generation as my grandparents’ generation came home to? How do we build our economy on that same strong, stable foundation for growth?
Now, anybody who thinks that we can move this economy forward with just a few folks at the top doing well, hoping that it’s going to trickle down to working people who are running faster and faster just to keep up, you’ll never see it. (Applause.) If that’s what you’re waiting for, you should stop waiting, because it’s never happened in our history. That’s not how America was built. It wasn’t built with a bunch of folks at the top doing well and everybody else scrambling. We didn’t become the most prosperous country in the world just by rewarding greed and recklessness. We didn’t come this far by letting the special interests run wild. We didn’t do it just by gambling and chasing paper profits on Wall Street. We built this country by making things, by producing goods we could sell. We did it with sweat and effort and innovation. (Applause.) We did it on the assembly line and at the construction site. (Applause.)
We did it by investing in the people who built this country from the ground up –- the workers, middle-class families, small business owners. We out-worked folks and we out-educated folks and we out-competed everybody else. That’s how we built America. (Applause.)
And, Milwaukee, that’s what we’re going to do again. That’s been at the heart what we’ve been doing over these last 20 months: building our economy on a new foundation so that our middle class doesn’t just survive this crisis -– I want it to thrive. I want it to be stronger than it was before.
And over the last two years, that’s meant taking on some powerful interests -- some powerful interests who had been dominating the agenda in Washington for a very long time. And they’re not always happy with me. They talk about me like a dog. (Applause.) That’s not in my prepared remarks, it’s just -- but it’s true.
You know, that’s why we passed financial reform to provide new accountability and tough oversight of Wall Street; stopping credit card companies from gouging you with hidden fees and unfair rate hikes. (Applause.) Ending taxpayer bailouts of Wall Street once and for all. They’re not happy with it, but it was the right thing to do. (Applause.)
That’s why we eliminated tens of billions of dollars in wasteful taxpayer subsidies, handouts to the big banks that were providing student loans. We took that money, tens of billions of dollars, and we’re going to go to make sure that your kids and your grandkids can get student loans and grants at a cheap rate and afford a college education. (Applause.) They’re not happy with it, but it was the right thing to do. (Applause.)
Yes, we’re using those savings to put a college education within reach for working families.
That’s why we passed health insurance reform to make coverage affordable. (Applause.) Reform that ends the indignity of insurance companies jacking up your premiums at will, denying you coverage just because you get sick; reform that gives you control, gives you the ability if your child is sick to be able to get an affordable insurance plan, making sure they can’t drop it.
That’s why we’re making it easier for workers to save for retirement, with new ways of saving your tax refunds, a simpler system for enrolling in plans like 401(k)s, and fighting to strengthen Social Security for the future. (Applause.) And if everybody is still talking about privatizing Social Security, they need to be clear: It will not happen on my watch. Not when I’m President of the United States of America. (Applause.)
That’s why -- we’ve given tax cuts -- except we give them to folks who need them. (Applause.) We’ve given them to small business owners. We’ve given them to clean energy companies. We’ve cut taxes for 95 percent of working Americans, just like I promised you during the campaign. You all got a tax cut. (Applause.)
And instead of giving tax breaks to companies that are shipping jobs overseas, we’re cutting taxes to companies that are putting our people to work right here in the United States of America. (Applause.)
See, we want to invest in growth industries like clean energy and manufacturing. You’ve got leaders here in Wisconsin -- Tom Barrett, Jim Doyle -- they’ve been fighting to bring those jobs to Milwaukee, fighting to bring those jobs here to Wisconsin. I don’t want to see solar panels and wind turbines and electric cars made in China. I want them made right here in the United States of America. (Applause.)
I don’t want to buy stuff from someplace else. I want to grow our exports so that we’re selling to someplace else -- products that say “Made in the U.S.A.” (Applause.)
AUDIENCE: U.S.A.! U.S.A.! U.S.A.!
THE PRESIDENT: That’s right. There are no better workers than American workers. (Applause.) I’ll put my money on you any day of the week. And when the naysayers said, well, you can’t save the auto industry, just go ahead and let hundreds of thousands of jobs vanish, we said we’re going to stand by those workers.
If the management is willing to make tough choices, if everybody is willing to come together, I’m confident that the American auto industry can compete once again -– and today, that industry is on the way back. They said no, we said yes to the American worker. They’re coming back. (Applause.)
Now, let me tell you, another thing we’ve done is to make long-overdue investments in upgrading our outdated, our inefficient national infrastructure. We’re talking roads. We’re talking bridges. We’re talking dams, levees. But we’re also talking a smart electric grid that can bring clean energy to new areas. We’re talking about broadband Internet so that everybody is plugged in. We’re talking about high-speed rail lines required to compete in a 21st century economy. (Applause.) I want to get down from Milwaukee down to Chicago quick. (Applause.) Avoid a traffic jam.
We’re talking investments in tomorrow that are creating hundreds of thousands of private sector jobs right now.
Because of these investments, and the tens of thousands of projects they spurred all across the country, the battered construction sector actually grew last month for the first time in a very long time. (Applause.)
But, you know, the folks here in the trades know what I’m talking about -- nearly one in five construction workers are unemployed. One in five. Nobody has been hit harder than construction workers. And a lot of those folks, they had lost their jobs in manufacturing and went into construction; now they’ve lost their jobs again.
It doesn’t do anybody any good when so many hardworking Americans have been idled for months, even years, at a time when there is so much of America that needs rebuilding.
So, that’s why, Milwaukee, today, I am announcing a new plan for rebuilding and modernizing America’s roads and rails and runways for the long term. (Applause.) I want America to have the best infrastructure in the world. We used to have the best infrastructure in the world. We can have it again. We are going to make it happen. (Applause.)
Over the next six years, over the next six years, we are going to rebuild 150,000 miles of our roads -– that’s enough to circle the world six times. That’s a lot of road. We’re going to lay and maintain 4,000 miles of our railways –- enough to stretch coast to coast. We’re going to restore 150 miles of runways. And we’re going to advance a next-generation air-traffic control system to reduce travel time and delays for American travelers. (Applause.) I think everybody can agree on that. Anybody want more delays in airports?
THE PRESIDENT: No, I didn’t think so. That’s not a Republican or a Democratic idea. We all want to get to where we need to go. I mean, I’ve got Air Force One now, it’s nice. (Laughter.) But I still remember what it was like.
This is a plan that will be fully paid for. It will not add to the deficit over time -– we’re going to work with Congress to see to that. We want to set up an infrastructure bank to leverage federal dollars and focus on the smartest investments. We’re going to continue our strategy to build a national high-speed rail network that reduces congestion and travel times and reduces harmful emissions. We want to cut waste and bureaucracy and consolidate and collapse more than 100 different programs that too often duplicate each other. So we want to change the way Washington spends your tax dollars. We want to reform a haphazard, patchwork way of doing business. We want to focus on less wasteful approaches than we’ve got right now. We want competition and innovation that gives us the best bang for the buck.
But the bottom line is this, Milwaukee -- this will not only create jobs immediately, it’s also going to make our economy hum over the long haul. It’s a plan that history tells us can and should attract bipartisan support. It’s a plan that says even in the aftermath of the worst recession in our lifetimes, America can still shape our own destiny. We can still move this country forward. We can still leave our children something better. We can still leave them something that lasts. (Applause.)
So these are the things we’ve been working for. These are some of the victories you guys have helped us achieve. And we’re not finished. We’ve got a lot more progress to make. And I’m confident we will.
But there are some folks in Washington who see things differently. (Boos.) You know what I’m talking about. (Applause.) When it comes to just about everything we’ve done to strengthen our middle class, to rebuild our economy, almost every Republican in Congress says no. (Boos.) Even on things we usually agree on, they say no. If I said the sky was blue, they say no. (Laughter and applause.) If I said fish live in the sea, they’d say no. (Laughter.) They just think it’s better to score political points before an election than to solve problems. So they said no to help for small businesses, even when the small businesses said we desperately need this. This used to be their key constituency, they said. They said no. No to middle-class tax cuts. They say they’re for tax cuts; I say, okay, let’s give tax cuts to the middle class. No. (Laughter.) No to clean energy jobs. No to making college more affordable. No to reforming Wall Street. They’re saying right now, no to cutting more taxes for small business owners and helping them get financing.
You know, I heard -- somebody out here was yelling “Yes we can.” Remember that was our slogan? Their slogan is “No we can’t.” (Applause.) No, no, no, no.
AUDIENCE: Yes we can! Yes we can! Yes we can!
THE PRESIDENT: I mean, I personally think “Yes we can” is more inspiring than “No we can’t.” (Applause.) To steal a line from our old friend Ted Kennedy: What is it about working men and women that they find so offensive? (Laughter.)
When we passed a bill earlier this summer to help states save jobs -- the jobs of hundreds of thousands of teachers and nurses and police officers and firefighters that were about to be laid off, they said no.
(Applause.) And the Republican who thinks he’s going to take over as Speaker -- (boos) -- I’m just saying that’s his opinion -- (laughter) -- he’s entitled to his opinion. But when he was asked about this, he dismissed those jobs as “government jobs” that weren’t worth saving. (Boos.) That’s what he said, I’m quoting -- “government jobs.”
Now, think about this. These are the people who teach our children. These are the people who keep our streets safe. These are the people who put their lives on the line, who rush into a burning building. Government jobs? I don’t know about you, but I think those jobs are worth saving. (Applause.) I think those jobs are worth saving. (Applause.)
By the way, this bill that we passed to save all those jobs, we made sure that bill wouldn’t add to the deficit. You know how we paid for it? By closing one of these ridiculous tax loopholes that actually rewarded corporations for shipping jobs and profits overseas. (Applause.)
I mean, this -- this was one of those loopholes that allowed companies to write off taxes they pay to foreign governments –- even though they weren’t paying taxes here in the United States. So middle-class families were footing tax breaks for companies creating jobs somewhere else. I mean, even a lot of America’s biggest corporations agreed that this loophole didn’t make sense, agreed that it needed to be closed, agreed that it wasn’t fair -– but the man who thinks he’s going to be Speaker, he wants to reopen this loophole. (Boos.)
Look, the bottom line is this: These guys, they just don’t want to give up on that economic philosophy that they have been peddling for most of the last decade. You know that philosophy -- you cut taxes for millionaires and billionaires; you cut all the rules and regulations for special interests; and then you just cut working folks loose -- you cut them loose to fend for themselves.
You remember they called it the ownership society, but what it really boiled down to was, if you couldn’t find a job, you couldn’t afford college, you were born poor, your insurance company dropped you even though your kid was sick, that you were on your own.
Well, you know what, that philosophy didn’t work out so well for middle-class families all across America. It didn’t work out so well for our country. All it did was rack up record deficits and result in the worst economic crisis since the Great Depression. I mean, think about it, we have tried what they’re peddling. We did it for 10 years. We ended up with the worst economy since the 1930s and record deficits to boot.
(Applause.) It’s not like we haven’t tried what they’re trying to sell us.
Now, I’m bringing this up not because I’m trying to re-litigate the past; I’m bringing it up because I don’t want to re-live the past. (Applause.)
It’d be one thing, Milwaukee, if Republicans in Washington had some new ideas, if they had said, you know what, we really screwed up, and we’ve learned from our mistakes; we’re going to do things differently this time. That’s not what they’re doing.
When the leader of their campaign committee was asked on national television what Republicans would do if they took over Congress, you know what he said? He said, we’ll do exactly the same thing we did the last time. (Applause.) That’s what he said. It’s on tape.
So basically, here’s what this election comes down to. They’re betting that between now and November, you’re going to come down with amnesia. (Laughter.) They figure you’re going to forget what their agenda did to this country. They think you’ll just believe that they’ve changed.
These are the folks whose policies helped devastate our middle class. They drove our economy into a ditch. And we got in there and put on our boots and we pushed and we shoved. And we were sweating and these guys were standing, watching us and sipping on a Slurpee. (Laughter.) And they were pointing at us saying, how come you’re not pushing harder, how come you’re not pushing faster? And then when we finally got the car up -- and it’s got a few dings and a few dents, it’s got some mud on it, we’re going to have to do some work on it -- they point to everybody and say, look what these guys did to your car. (Laughter.) After we got it out of the ditch! And then they got the nerve to ask for the keys back! (Laughter and applause.) I don’t want to give them the keys back. They don’t know how to drive. (Applause.)
I mean, I want everything to think about it here. When you want to go forward in your car, what do you do?
THE PRESIDENT: You put it in D. They’re going to pop it in reverse. They’d have those special interests riding shotgun, then they’d hit the gas and we’d be right back in the ditch. (Laughter.)
Milwaukee, we are not going backwards. That’s the choice we face this fall. Do we want to go back? Or do we want to go forward? I say we want to move forward. America always moves forward. We keep moving forward every day. (Applause.)
Let me say this, Milwaukee. I know these are difficult times. I know folks are worried. I know there’s still a lot of hurt out here. I hear it when I travel around the country. I see it in the letters that I read every night from folks who are looking for a job or lost their home. It breaks my heart, because those are the folks that I got into politics for. You’re the reason I’m here. (Applause.)
And when times are tough -- when times are tough, I know it can be easy to give in to cynicism. I know it can be easy to give in to fear and doubt. And you know, it’s easy sometimes for folks to stir up stuff and turn people on each other, and it’s easy to settle for something less, to set our sights a little bit lower.
But I just want everybody here to remember, that’s not who we are. That’s not the country I know. We do not give up. We do not quit. We face down war. We face down depression. We face down great challenges and great threats. We have lit the way for the rest of the world.
Whenever times have seemed at their worst, Americans have been at their best. That’s when we roll up our sleeves. That’s when we remember we rise or fall together –- as one nation and as one people. (Applause.) That’s the spirit that started the labor movement, the idea that alone, we may be weak. Divided, we may fall. But we are united, we are strong. That’s why they call them unions. That’s why we call this the United States of America. (Applause.)
I’m going to make this case across the country between now and November. And I am asking for your help.
And if you are willing to join me and Tom Barrett and Gwen Moore and Russ Feingold and Herb Kohl, we can strengthen our middle class and make this economy work for all Americans again and restore the American Dream and give it to our children and our grandchildren. (Applause.)
God bless you, and God bless the United States of America. (Applause.)
2:50 P.M. CDT
Obama Cleveland jobs speech. Transcript
THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
September 8, 2010
Remarks of President Barack Obama on the Economy - As Prepared for Delivery
Wednesday, September 8th, 2010
As Prepared for Delivery--
Good afternoon, Ohio. It's good to be back.
In the fall of 2008, one of the last rallies of my presidential campaign was here in the Cleveland area. It was a hopeful time, just two days before the election. We knew that if we pulled it off, we'd have the chance to tackle some big and difficult challenges that had been facing this country for a long time.
We also hoped for a chance to get beyond some of the old political divides - between Democrats and Republicans, Red states and Blue states - that had prevented us from making progress. Because although we are proud to be Democrats, we are prouder to be Americans - and we believed that no single party has a monopoly on wisdom.
That's not to say that the election didn't expose deep differences between the parties. I ran for President because for much of the last decade, a very specific governing philosophy had reigned about how America should work:
Cut taxes, especially for millionaires and billionaires. Cut regulations for special interests. Cut trade deals even if they didn't benefit our workers. Cut back on investments in our people and our future - in education and clean energy; in research and technology. The idea was that if we had blind faith in the market; if we let corporations play by their own rules; if we left everyone else to fend for themselves, America would grow and prosper.
For a time, this idea gave us the illusion of prosperity. We saw financial firms and CEOs take in record profits and record bonuses. We saw a housing boom that led to new homeowners and new jobs in construction. Consumers bought more condos and bigger cars and better televisions.
But while all this was happening, the broader economy was becoming weaker. Job growth between 2000 and 2008 was slower than it had been in any economic expansion since World War II - even slower than it's been over the past year. The wages and incomes of middle-class families kept falling while the cost of everything from tuition to health care kept rising. Folks were forced to put more debt on their credit cards and borrow against homes that many couldn't afford in the first place. Meanwhile, a failure to pay for two wars and two tax cuts for the wealthy helped turn a record surplus into a record deficit.
I ran for President because I believed that this kind of economy was unsustainable - for the middle-class and for our nation's future. I ran because I had a different idea about how America was built - an idea rooted in my own family's story.
You see, Michelle and I are where we are today because even though our families didn't have much, they worked tirelessly - without complaint - so that we might have a better life. My grandfather marched off to Europe in World War II and my grandmother worked in factories on the home front. I had a single mom who put herself through school, and would wake before dawn to make sure I got a decent education. Michelle can still remember her father heading out to his job as a city worker long after Multiple Sclerosis had made it impossible for him to walk without crutches.
Yes, our families believed in the American values of self-reliance and individual responsibility, and they instilled those values in their children. But they also believed in a country that rewards responsibility. A country that rewards hard work. A country built upon the promise of opportunity and upward mobility.
They believed in an America that gave my grandfather the chance to go to college because of the GI Bill. An America that gave my grandparents the chance to buy a home because of the Federal Housing Authority. An America that gave their children and grandchildren the chance to fulfill our dreams thanks to college loans and college scholarships.
It was an America where you didn't buy things you couldn't afford; where we didn't just think about today - we thought about tomorrow. An America that took pride in the goods it made, not just in the things it consumed. An America where a rising tide really did lift all boats, from the company CEO to the guy on the assembly line.
That's the America I believe in. That's what led me to work in the shadow of a shuttered steel plant on the South Side of Chicago when I was a community organizer. It's what led me to fight for factory workers at manufacturing plants that were closing across Illinois when I was a Senator. It's what led me to run for President - because I don't believe we can have a strong and growing economy without a strong and growing middle-class.
Now, much has happened since that election. The flawed policies and economic weaknesses of the previous decade culminated in the worst recession of our lifetimes. My hope was that the crisis would cause everyone, Democrats and Republicans, to pull together and tackle our problems in a practical way. But as we all know, things didn't work out that way.
Some Republican leaders figured it was smart politics to sit on the sidelines and let Democrats solve the mess. Others believed on principle that government shouldn't meddle in the markets, even when the markets were broken. But with the nation losing nearly 800,000 jobs the month I was sworn in, my most urgent task was to stop a financial meltdown and prevent this recession from becoming a second depression.
We've done that. The economy is growing again. The financial markets have stabilized. The private sector has created jobs for the last eight months in a row. And there are roughly three million Americans who are working today because of the economic plan we put in place.
But the truth is, progress has been painfully slow. Millions of jobs were lost before our policies even had a chance to take effect - a hole so deep that even though we've added jobs again, millions of Americans remain unemployed. Hundreds of thousands of families have lost their homes; millions more can barely pay the bills or make the mortgage. The middle-class is still treading water, while those aspiring to reach the middle class are doing everything they can to keep from drowning.
Meanwhile, some of the very steps that were necessary to save the economy - like temporarily supporting the banks and the auto industry - fed the perception that Washington is still ignoring the middle class in favor of special interests.
And so people are frustrated and angry and anxious about the future. I understand that. I also understand that in a political campaign, the easiest thing for the other side to do is ride this fear and anger all the way to Election Day.
That's what's happening right now. A few weeks ago, the Republican leader of the House came here to Cleveland and offered his party's answer to our economic challenges. Now, it would be one thing if he admitted his party's mistakes during the eight years they were in power, and was offering a credible new approach to solving our country's problems.
But that's not what happened. There were no new policies from Mr. Boehner. There were no new ideas. There was just the same philosophy we already tried for the last decade - the same philosophy that led to this mess in the first place: cut more taxes for millionaires and cut more rules for corporations. Instead of coming together like past generations did to build a better country for our children and grandchildren, their argument is that we should let insurance companies go back to denying care to folks who are sick, and let credit card companies go back to raising rates without any reason. Instead of setting our sights higher, they're asking us to settle for a status quo of stagnant growth, eroding competitiveness, and a shrinking middle class.
Cleveland - that is not the America I know. That is not the America we believe in. A lot has changed since I came here in those final days of the last election, but what hasn't is the choice facing this country. It's still fear versus hope; the past versus the future. It's still a choice between sliding backward and moving forward. That's what this election is about. That's the choice you'll face in November.
I have a different vision for the future. I've never believed that government has all the answers to our problems. I've never believed that government's role is to create jobs or prosperity. I believe it's the drive and ingenuity of our entrepreneurs, the skill and dedication of our workers, that has made us the wealthiest nation on Earth. I believe it's the private sector that must be the main engine of our recovery.
I believe government should be lean, it should be efficient, and it should leave people free to make the choices they think are best for themselves and their families, so long as those choices don't hurt others.
But in the words of the first Republican President, Abraham Lincoln, I also believe that government should do for the people what they cannot do better for themselves.
That means making long-term investments in this country's future that individuals and corporations cannot make on their own: investments in education and clean energy; in basic research, technology, and infrastructure
That means making sure corporations live up to their responsibilities to treat consumers fairly and play by the same rules as everyone else; to look out for their workers and create jobs here at home.
And that means providing a hand up for middle-class families - so that if they work hard and meet their responsibilities, they can afford to raise their children, send them to college, see a doctor when they get sick, and retire with dignity and respect.
That's what we Democrats believe in - a vibrant free market, but one that works for everybody. That's our vision for a stronger economy and a growing middle-class. And that's the difference between what we and the Republicans in Congress are offering the American people right now.
Let me give you a few specific examples of our different approaches. This week, I proposed some additional steps to grow the economy and help businesses spur hiring. One of the keys to job creation is to encourage companies to invest more in the United States. But for years, our tax code has actually given billions of dollars in tax breaks that encourage companies to create jobs and profits in other countries.
I want to change that. Instead of tax loopholes that incentivize investment in overseas jobs, I'm proposing a more generous, permanent extension of the tax credit that goes to companies for all the research and innovation they do right here in America. And I'm proposing that all American businesses should be allowed to write off all the investment they do in 2011. This will help small businesses upgrade their plants and equipment, and will encourage large corporations to get off the sidelines and start putting their profits to work in places like Cleveland and Toledo and Dayton.
To most of you, this is just common sense. But not to Mr. Boehner and his allies. For years, Republicans have fought to keep these corporate loopholes open. In fact, when Mr. Boehner was here in Cleveland he attacked us for closing a few of these loopholes - and using the money to help states like Ohio keep hundreds of thousands of teachers and cops and firefighters on the job. He dismissed these jobs - teaching our kids, patrolling our streets, rushing into burning buildings - as quote "government jobs" - jobs that I guess he thought just weren't worth saving.
I couldn't disagree more. I think teachers and police officers and firefighters are part of what keep America strong. And I think if we're going to give tax breaks to companies, they should go to companies that create jobs in America - not those that create jobs overseas. That's one difference between the Republican vision and the Democratic vision. And that's what this election is all about.
Let me give you another example. We want to put more Americans back to work rebuilding America - our roads, railways, and runways. When the housing sector collapsed and the recession hit, one in every four jobs lost were in the construction industry. That's partly why our economic plan has invested in badly needed infrastructure projects over the last nineteen months - not just roads and bridges, but high-speed railroads and expanded broadband access. Altogether, these are projects that have led to thousands of good, private sector jobs, especially for those in the trades.
Mr. Boehner and the Republicans in Congress said no to these projects. Fought them tooth and nail. Though I should say that didn't stop a lot of them from showing up at the ribbon-cutting ceremonies and trying to take credit. That's always a sight to see.
Now, there are still thousands of miles of roads, railways, and runways left to repair and improve. And engineers, economists, governors and mayors of every political stripe believe that if we want to compete, we need to rebuild this vital infrastructure. There's no reason Europe or China should have the fastest trains or the most modern airports - we want to put people to work building them right here in America. So this week, I've proposed a six year infrastructure plan that would start putting Americans to work right away. But despite the fact that this has traditionally been an issue with bipartisan support, Mr. Boehner has so far said no to infrastructure. That's bad for America - and that too is what this election is about.
I'll give you one final example of the differences between us and the Republicans, and that's on the issue of tax cuts. Under the tax plan passed by the last administration, taxes are scheduled to go up substantially next year. Now, I believe we ought to make the tax cuts for the middle class permanent. These families are the ones who saw their wages and incomes flatline over the last decade - and they deserve a break. And because they are more likely to spend on basic necessities, this will strengthen the economy as a whole.
But the Republican leader of the House doesn't want to stop there. Make no mistake: he and his party believe we should also give a permanent tax cut to the wealthiest two percent of Americans. With all the other budgetary pressures we have - with all the Republicans' talk about wanting to shrink the deficit - they would have us borrow $700 billion over the next ten years to give a tax cut of about $100,000 to folks who are already millionaires. These are among the only folks who saw their incomes rise when Republicans were in charge. And these are folks who are less likely to spend the money, which is why economists don't think tax breaks for the wealthy would do much to boost the economy.
So let me be clear to Mr. Boehner and everyone else: we should not hold middle class tax cuts hostage any longer. We are ready, this week, to give tax cuts to every American making $250,000 or less. For any income over this amount, the tax rates would go back to what they were under President Clinton. This isn't to punish folks who are better off - it's because we can't afford the $700 billion price tag. And for those who claim that this is bad for growth and bad for small businesses, let me remind you that with those tax rates in place, this country created 22 million jobs, raised incomes, and had the largest surplus in history.
In fact, if the Republican leadership in Congress really wants to help small businesses, they'll stop using legislative maneuvers to block an up-or-down vote on a small business jobs bill that's before the Senate right now. This is a bill that would do two things: cut taxes for small businesses and make loans more available for small businesses. It is fully paid for, and it was written by Democrats and Republicans. And yet, the other party continues to block this jobs bill - a delay that small business owners have said is actually leading them to put off hiring.
Look, I recognize that most of the Republicans in Congress have said no to just about every policy I've proposed since taking office. And on some issues, I realize it's because there are genuine philosophical differences. But on issues like this one, the only reason they're holding this up is politics, pure and simple. They're making the same calculation they made just before the inauguration: if I fail, they win. Well, they might think this will get them where they need to go in November, but it won't get our country where it needs to go in the long run.
So that's the choice, Ohio. Do we return to the same failed policies that ran our economy into a ditch, or do we keep moving forward with policies that are slowly pulling us out? Do we settle for a slow decline, or do we reach for an America with a growing economy and a thriving middle-class?
That's the America we see. We may not be there yet, but we know where this country needs to go.
We see a future where we invest in American innovation and American ingenuity; where we export more goods so we create more jobs here at home; where we make it easier to start a business or patent an invention; where we build a homegrown, clean energy industry - because I don't want to see new solar panels or electric cars or advanced batteries manufactured in Europe or Asia. I want to see them made right here in America, by American workers.
We see an America where every citizen has the skills and training to compete with any worker in the world. That's why we've set a goal to once again have the highest proportion of college graduates in the world by 2020. That's why we're revitalizing our community colleges, and reforming our education system based on what works for our children - not what perpetuates the status quo.
We see an America where a growing middle-class is the beating heart of a growing economy. That's why I kept my campaign promise and gave a middle-class tax cut to 95% of working Americans. That's why we passed health insurance reform that stops insurance companies from jacking up your premiums at will or denying you coverage just because you get sick. That's why we passed financial reform that will end taxpayer-funded bailouts; reform that will stop credit card companies and mortgage lenders and Wall Street banks from taking advantage of taxpayers and consumers.
That's why we're trying to make it easier for workers to save for retirement, and fighting the efforts of some in the other party to privatize Social Security - because as long as I'm President, no one is going to take the retirement savings of a generation of Americans and hand it over to Wall Street.
That's why we're fighting to extend the child tax credit, and make permanent our new college tax credit. Because if we do, it will mean $10,000 in tuition relief for each child going to four years of college.
And finally, we see an America where we refuse to pass on the debt we inherited to the next generation.
Now, let me spend a minute on this issue, because we've heard a lot of moralizing on the other side about it. Along with tax cuts for the wealthy, the other party's main economic proposal is that they'll stop government spending.
Of course, they are right to be concerned about the long-term deficit - if we don't get a handle on it soon, it can endanger our future. And at a time when folks are tightening their belts at home, I understand why a lot of Americans feel it's time for government to show some discipline too.
But let's look at the facts. When these same Republicans - including Mr. Boehner - were in charge, the number of earmarks and pet projects went up, not down. These same Republicans turned a record surplus that Bill Clinton left into a record deficit. Just this year, these same Republicans voted against a bipartisan fiscal commission that they themselves proposed. And when you ask them what programs they'd actually cut, they usually don't have an answer.
That's not fiscal responsibility. That's not a serious plan to govern.
I'll be honest - I refuse to cut back on those investments that will grow our economy in the future - investments in areas like education and clean energy and technology. That's because economic growth is the single best way to bring down the deficit - and we need these investments to grow. But I am absolutely committed to fiscal responsibility, which is why I've already proposed freezing all discretionary spending unrelated to national security for the next three years. And once the bipartisan fiscal commission finishes its work, I will spend the next year making the tough choices necessary to further reduce our deficit and lower our debt.
Of course, reducing the deficit won't be easy. Making up for the 8 million lost jobs caused by this recession won't happen overnight. Not everything we've done over the last two years has worked as quickly as we had hoped, and I am keenly aware that not all our policies have been popular.
So no, our job is not easy. But you didn't elect me to do what's easy. You didn't elect me to just read the polls and figure out how to keep myself in office. You didn't elect me to avoid big problems. You elected me to do what's right. And as long as I'm President, that's exactly what I'll do.
This country is emerging from an incredibly difficult period in its history - an era of irresponsibility that stretched from Wall Street to Washington and had a devastating effect on a lot of people. We have started turning the corner on that era, but part of moving forward is returning to the time-honored values that built this country: hard work and self-reliance; responsibility for ourselves, but also responsibility for one another. It's about moving from an attitude that said "What's in it for me" to one that asks, "What's best for America? What's best for all our workers? What's best for all our businesses? What's best for our children?"
These values aren't Democratic or Republican. They aren't conservative or liberal values. They're American values. As Democrats, we take pride in what our party has accomplished over the last century: Social Security and the minimum wage; the GI Bill and Medicare; Civil Rights and worker's rights and women's rights. But we also recognize that throughout history, there has been a noble Republican vision as well, of what this country can be. It was the vision of Abraham Lincoln, who set up the first land grant colleges and launched the transcontinental railroad; the vision of Teddy Roosevelt, who used the power of government to break up monopolies; the vision of Dwight Eisenhower, who helped build the Interstate Highway System. And yes, the vision of Ronald Reagan, who despite his aversion to government, was willing to help save Social Security for future generations.
These were serious leaders for serious times. They were great politicians, but they didn't spend all their time playing games or scoring points. They didn't always prey on people's fears and anxieties. They made mistakes, but they did what they thought was in the best interest of their country and its people.
That's what the American people expect of us today - Democrats, Independents, and Republicans. That's the debate they deserve. That's the leadership we owe them.
I know that folks are worried about the future. I know there's still a lot of hurt out here. And when times are tough, I know it can be tempting to give in to cynicism and fear; to doubt and division - to set our sights lower and settle for something less.
But that is not who we are, Ohio. Those are not the values that built this country. We are here today because in the worst of times, the people who came before us brought out the best in America. Because our parents and grandparents and great-grandparents were willing to work and sacrifice for us. They were willing to take great risks, and face great hardship, and reach for a future that would give us the chance at a better life. They knew that this country is greater than the sum of its parts - that America is not about the ambitions of any one individual, but the aspirations of an entire people and an entire nation.
That's who we are. That is our legacy. And I'm convinced that if we're willing to summon those values today; if we're willing again to choose hope over fear; to choose the future over the past; to come together once more around the great project of national renewal, then we will restore our economy; rebuild our middle-class; and reclaim the American Dream for the next generation.
Thank you, God Bless you, and may God Bless the United States of America.