Showing posts with label ECONOMY. Show all posts
Showing posts with label ECONOMY. Show all posts

Wednesday, May 13, 2015

JOINT STATEMENT ON LIBYA

FROM:  U.S. STATE DEPARTMENT
Joint Statement on Libya by the Governments of France, Germany, Italy, Spain, the United Kingdom, and the United States
Media Note
Office of the Spokesperson
Washington, DC
May 11, 2015

The Governments of France, Germany, Italy, Spain, the United Kingdom and the United States of America reaffirm their strong commitment to the sovereignty, independence, territorial integrity and national unity of Libya, and to ensuring that Libyan economic, financial, and energy resources are used for the benefit of all Libyan people.

At a time when the UN-sponsored political process is making progress towards a lasting resolution of the conflict in Libya, we express our concern at attempts to divert Libyan resources to the narrow benefit of any side in the conflict and to disrupt financial and economic institutions that belong to all Libyans. We reiterate our expectation that those on all sides representing Libya’s independent institutions, namely the Central Bank of Libya (CBL), the Libyan Investment Authority (LIA), the National Oil Corporation (NOC) and the Libyan Post Telecommunications and Information technology company (LPTIC) will continue to act in the long term interests of the Libyan people pending clarification of unified governance structures under a Government of National Accord.

We reiterate that Libya’s challenges can only be addressed by a government that can effectively oversee and protect Libya’s independent institutions, whose role is to safeguard Libya’s resources for the benefit of all Libyans. Terrorists are exploiting this conflict to establish a presence in Libya and will take advantage of Libya's national wealth to advance their appalling transnational agenda.

Libya is fortunate to have the resources to enable it to become a peaceful and prosperous nation, with a powerful and positive impact on the wider region. We urge all Libyans to support the continued independence of its financial and economic institutions.

Monday, April 20, 2015

SECRETARY KERRY'S REMARKS WITH GREEK FOREIGN MINISTER NIKOS KOTZIAS

FROM:  U.S. STATE DEPARTMENT
Remarks With Greek Foreign Minister Nikos Kotzias
Remarks
John Kerry
Secretary of State
Treaty Room
Washington, DC
April 20, 2015

SECRETARY KERRY: Good afternoon, all. It’s my pleasure to welcome the Foreign Minister Kotzias of Greece. I think everybody knows what incredible, strong, and long ties the United States has with Greece, and obviously Greek-Americans make an enormous contribution to our country. We have a very large Greek-American community in the state I was privileged to represent in the Senate in Massachusetts, but in many parts of our country – New York, California, elsewhere.

So we have strong ties and we are NATO partners, and obviously we are in challenging times. We are very aware of the sacrifices the people of Greece have been called on to make because of the challenges of the economy and also the challenges of terrorism and counterterrorism, but particularly the economy right now. We’re confident about Greece’s ability with reforms and with effort to be able to chart a new course ahead. I would hope very much, Mr. Minister, that we have an ability to be able to maintain the strong U.S.-European partnership with respect to our support for Ukraine, the need to be able to encourage Russia in every way possible to live up to the Minsk agreement and to help bring about peace in the region, and also to work together on longer-term challenges like energy, energy supplies, and diversification for the region.

And our efforts on counterterrorism could not be more important together in the future. Obviously, we’re very concerned that those who have committed acts of terrorism who’ve been incarcerated need to remain incarcerated. And we hope that we can work through all of our policy issues, because the relationship between us is so important, and obviously we wish the new government in this moment of challenge we wish it well and we look forward to being supportive and being helpful in the days ahead. Thank you.

FOREIGN MINISTER KOTZIAS: Thank you, (inaudible). Thank you, Secretary Kerry. Thank you for your invitation to come here in Washington. I’m here as a friend – as a friend with somebody who’s working together with us for democracy and peace against terrorism (inaudible). And I hope that our relations will be deepened and that we will find new feat of cooperation.

I think I can – we can be sure that the new law in Greece about the prisoners will not let any terrorists become free. It will be not only a test of the detention of – the way of this detention, nobody will become free. I am very thankful for this invitation.

SECRETARY KERRY: Thank you, sir. Welcome.

FOREIGN MINISTER KOTZIAS: Thank you.

SECRETARY KERRY: Good to have you. Thank you. Thank you very much.

Tuesday, September 23, 2014

AT BROOKINGS INSTITUTION: NSA ADVISOR RICE MAKES REMARKS AT REGARDING SOUTHEAST ASIA

FROM:  THE WHITE HOUSE
September 22, 2014
Remarks by National Security Advisor Susan E. Rice on Southeast Asia at the Brookings Institution

Good afternoon everyone.  It’s great to be back at Brookings.  This was my place for six years, and since my mother and I both worked here for so long, it really has the feel of home.  This is where I met so many gracious and insightful colleagues, whom I still turn to for guidance and support.  And of course, working here was the last time I got a full 7 hours of sleep.  So I’m especially nostalgic.  Strobe and Martin, thank you for inviting me to participate today.

I’m honored to be here with Foreign Minister Shanmugam. President Obama and I met with Prime Minister Lee at the White House a few months ago to affirm the excellent partnership between Singapore and the United States.  And, I think it’s fitting that Brookings’ new Chair in Southeast Asian Studies is named for Singapore’s founding father, a man who has played such a key role in shaping the region’s growth, Lee Kuan Yew.

In many ways, Singapore embodies the arc of development that nations across Southeast Asia are achieving.  The people of Southeast Asia are increasingly connected—to each other and to the global economy.  Entrenched dictatorships have given way to new democracies, and throughout the region, citizens are playing a greater role in their government and civil life.  As President Obama said in Malaysia earlier this year, “perhaps no region on earth has changed so dramatically” during the past several decades.

With this change comes growing influence and greater opportunities to engage on the world stage.  Asia’s rise in global affairs is due in no small part to Southeast Asia’s contributions.  That’s why the nations of Southeast Asia are and will remain a central focus of America’s rebalance to Asia.  We see the nations of Southeast Asia as equal partners in our mission to advance a vision that promotes growth and development, bolsters the security of nations, strengthens democratic governance, and advances human rights for all people. President Obama will continue this work when he visits the region again in November, including stops in China to participate in APEC, Burma for the East Asia Summit, and Australia for the G-20 meeting.

Southeast Asia and its markets are critical to America’s prosperity.  Together, ASEAN comprises the seventh largest economy in the world and the fourth largest trading partner for the United States.  ASEAN nations draw more U.S. investment than any single country in Asia.  And, with some of the fastest-growing economies in the world, ASEAN will only become more important to our economic future.  That’s why we’re committed to completing the Trans-Pacific Partnership.  One-third of TPP participants are from ASEAN, including members like Singapore, Vietnam, and Malaysia, for whom the high-standard agreement means making serious new commitments.  But, this agreement will deliver tremendous benefits to all our economies, and we are committed to helping our partners meet TPP’s requirements and realizing the opportunities for greater trade and investment that come with it.

We’re working to deepen our trade and investment ties with the region.  In June, Secretary Pritzker led a delegation of American business leaders to the Philippines, Vietnam, and Burma to explore new commercial opportunities.  Ambassador Froman met with all his ASEAN counterparts in Burma last month.  Together, we’re promoting growth that is broad-based and sustainable, so that economies can compete on an equal footing and prosperity is shared among citizens at every level of society.  Equally, Southeast Asia plays a vital role in maintaining peace and stability throughout Asia.  We have long-standing alliances with Thailand and the Philippines, as well as an important security partnership with Singapore.  In April, President Obama and President Aquino announced a new Enhanced Defense Cooperation Agreement that will strengthen cooperation between our militaries.  We’re also enhancing our security cooperation with nations like Malaysia and Vietnam, including by improving their capacity to contribute to maritime security.

We continue to work with nations in the region on challenges that none of us can meet alone.  This includes addressing borderless threats like climate change, responding to humanitarian crises like last year’s super typhoon, countering violent extremism, and peacefully resolving maritime disputes among neighbors.  To support cooperative solutions to these challenges, the United States has made historic investments to strengthen the region’s institutions, including ASEAN.  President Obama hosted the first U.S.-ASEAN leaders meeting in 2009, and it’s now an annual event.  The President sent our first resident ambassador to ASEAN, and the Senate just confirmed Nina Hachigian to fill the post in the coming years.  This increased engagement with ASEAN has already delivered substantial benefits, including improved coordination in responding to natural disasters, growing investment in developing the region’s infrastructure and green energy sources, and rapidly expanding cooperation on maritime safety and security.

We’re also working with governments, institutions and people to strengthen the democratic foundations of the region and fortify protections for human rights.  We’ve seen significant successes, as in Indonesia, which demonstrated the strength of its democracy through successful elections and peaceful arbitration.  President Obama is looking forward to meeting with President-elect Widodo in November.  We’ve seen hopeful steps in Burma, but significant challenges remain as we continue to work with the government and people as they pursue their democratic transition.  Unfortunately, we’ve also seen troubling setbacks, as in Thailand.  We remain committed to our alliance with the Thai people, but we want to see the country return soonest to an inclusive and democratic government.

We’re also building partnerships directly with the people of the region.  We’re doing this through programs like the Lower Mekong Initiative, which helps strengthen communities’ ability to provide for their own healthcare, educate their children, and protect their environment.  In Cambodia, USAID is working with local authorities to improve school enrollment among young children.  In Indonesia, the Millennium Challenge Cooperation is helping villages raise incomes while reducing their dependence on fossil fuels.  And, through President Obama’s Young Southeast Asian Leaders Initiative, we are helping young people across the region build their skills and connect them to the resources they need to serve their communities, create new businesses, and become the next generation of leaders.

President Obama hosted a remarkable town hall with many of these young people in April in Malaysia.  There were entrepreneurs and activists and advocates, all of them impressive and thoughtful young people, and each determined to forge a brighter future.  They wanted to know not just how they could become stronger leaders, but how to bridge gaps of culture and language and belief in order to unite a region as diverse as Southeast Asia so that it can to achieve its full potential.

That’s a goal we share—because Southeast Asia is brimming with enormous potential.  It’s also facing serious questions about how to adapt as several major powers become more active in the region.  China’s rise, Japan’s reemergence, India’s revival, and, of course, America’s rebalance—these dynamics are real, and they converge squarely in Southeast Asia.  But, these trends ought to be an opportunity for greater cooperation, not just competition.  Southeast Asian nations should not have to choose sides among major powers, particularly when it comes to the United States and China.  Preserving the independence and sovereignty of all our partners in the region is at the heart of our policy toward Southeast Asia.

To be sure, America’s relationship with China is important to the future of both our nations, to the region, and to the world.  I just traveled to China a couple weeks ago and met with their senior leaders.  In November, President Obama will meet again with President Xi to continue deepening our cooperation on major regional and global challenges—building a relationship that allows us to work together on shared interests, and to talk frankly about areas where we disagree, including human rights.

At the same time, we continue to build stronger bilateral relationships with the nations of Southeast Asia and to work together as equals in multilateral fora so that individual nations can preserve their independence while fostering a group dynamic that reinforces collective norms and prevents large states from pressuring smaller ones.  That’s another reason we’ve focused on strengthening Asia’s regional institutions, like the East Asia Summit.  We want to build and reinforce habits that encourage collaboration—to establish a common set of rights as well as responsibilities that ultimately ensures a level playing field for all.

All of the challenges I’ve discussed today require sustained attention, and even in the press of world events—ongoing conflicts in the Middle East, heightened tensions with Russia over Ukraine, an Ebola epidemic ravaging West Africa—the U.S. commitment to Asia, and to Southeast Asia in particular, remains a priority.  

The United States is a Pacific nation.  Our shared future is as certain as our shared past.  And, the people of the United States and the people of Southeast Asia share a common vision for that future—a future where daughters and sons can go to school and reach confidently for their dreams; where anyone can start a business and have a fair shot to succeed; where fundamental rights can never be restricted or denied.  That’s what we’ve been building toward for the past five years.  That’s why we’ve worked so closely together in pursuit of shared goals—whether we’re securing the sea lanes of the Pacific or delivering relief in the wake of natural disasters.

With each year, the ties between our peoples grow stronger.  And, as we continue working together toward our shared future, the United States will remain a reliable partner and a true friend to all the people of the region.  Thank you.

Friday, August 1, 2014

SECRETARY KERRY AND SECRETARY PRITZKE SHARE OP-ED ON INDIA'S BUSINESS ENVIRONMENT

FROM:  U.S. STATE DEPARTMENT 

India's Economic Strength and Business Environment Are of Strategic Importance to the U.S.

Op-Ed
John Kerry
Secretary of State
Penny Pritzke, U.S. Secretary of Commerce
The Economic Times
Washington, DC
July 30, 2014


The long-standing partnership between the US and India is on the cusp of an historic transformation. Working together, the world's oldest democracy and the world's largest democracy can forge a new era of shared prosperity and security for hundreds of millions of people in India, across Asia and the world.

India's rise will help the Indo-Pacific region become more stable, more prosperous and more free. The strategic choices India makes on how to grow its economy and promote regional security will directly impact Asia's growth and US interests. As President Barack Obama has observed, America's economy and security will increasingly be influenced by events in Asia. India's economic strength and business environment are, therefore, of strategic importance to both our countries.

We are coming to India to deliver a single message: the US is prepared to be a full partner in this effort. We will work hand in hand with Prime Minister Narendra Modi and his government to promote open and liberal trade and investment, job training and closer strategic ties.

Burgeoning Business

We are not starting from scratch. Since 2000, trade between our countries has increased nearly fivefold to more than $96 billion, Indian investment in the US has grown from just over $300 million to $9 billion, and US investment in India has risen from $2.4 billion to $28 billion. Ford is spending $1 billion to turn its new auto plant in Gujarat into a regional manufacturing hub. US subsidiaries of Indian-owned companies employ 45,000 people in the US. Citizens of both countries recognise the importance of our relationship. Half of all Indians see the US as their country's "most dependable future ally", according to a recent Pew poll. Similarly, a recent Gallup poll found that more Americans than ever have a favourable view of India.

The Next Chapter

We want to build on this strong foundation. We will focus on specific areas that are aligned with the priorities of India's new government.

First, infrastructure. We will have astrong focus on this area during our strategic dialogue, reinforcing our joint efforts to create a business climate conducive to increasing US private sector participation in India's infrastructure needs. We believe US companies can play a leading role in bringing cutting-edge technologies, equipment, capital, services and know-how to India.

Second, India and the US are rich in talent. By sharing best practices and skills in manufacturing, training and education, we can expand that talent together. India is already a centre of entrepreneurship with budding innovators. But we can expand practical programmes like vocational training, community colleges and healthcare industry skills. Some 1,00,000 Indian students are pursuing higher education degrees at American universities. Increasing our collaboration in these areas will strengthen both of our economies.

Third, creating a business climate that is open to global business and investment is key to unleashing India's economic potential. Attracting investment, technology and know-how is essential to growth and requires all of us to have world-class, transparent and clear regulations that incentivise innovation by ensuring protection of intellectual property rights.

The development of competitive technology and manufacturing capabilities that integrate India into global supply chains will create far more employment than mandatory local-content requirements, which discourage foreign investment. Creating a level playing field will help India attract even more foreign investment, and help it boost growth.

In that regard, as we work with our trading partners around the world to advance trade and investment liberalisation, India must decide where it fits in the global trading system. Its commitment to a rulesbased trading order and its willingness to fulfil its obligations will be a key indication.
Powering India 

For India to fuel its economy, however, it must address its energy security needs. Fortunately, this is one of the most robust areas of our partnership. We will expand our partnership to leapfrog the limits of power grids and bring modern energy access to millions. We are expanding our work together to find competitive formulas for clean energy, including further cooperation on civilian nuclear power, renewable energy sources and supporting a regional energy network, that demonstrate how economic growth and the environment can be secured together.

Our strong and deepening partnership will continue on a series of fronts: from energy to higher education and climate change to joint military training and counter-proliferation efforts.

What's more, programmes such as President Obama's SelectUSA initiative, which connects foreign investors with opportunities in the US, can be powerful engines for global collaboration and integration.

We look forward to working with the governments and business leaders in India's states. The leadership, entrepreneurship and competitive spirit we see in many Indian states augur well for the country's economic transformation.

Our trip to India for the strategic dialogue — along with subsequent senior-level visits, including Prime Minister Modi's prospective trip to Washington — signals our commitment to a bold and unequivocally affirmative partnership with India. Working together will mean more jobs for Indians and Americans, and it will help India achieve its full potential as a trade and investment centre of Asia. With this shared prosperity will come a shared security and a stronger partnership between our two great democracies.

(John Kerry is U.S. Secretary of State and Penny Pritzker is U.S. Secretary of Commerce)

Thursday, July 10, 2014

PRESIDENT MAKES REMARKS ON U.S. ECONOMY IN AUSTIN, TEXAS

FROM:  THE WHITE HOUSE 

Remarks by the President on the Economy -- Austin, TX

Paramount Theatre
Austin, Texas
12:48 P.M. CDT
 
THE PRESIDENT:  Hello, Austin!  (Applause.)  Hey!  Hello, Austin!  (Applause.)  All right, everybody have a seat, have a seat. 
 
It’s good to be in Austin, Texas.  (Applause.)  Can everybody please give Kinsey a big round of applause for the great introduction?  (Applause.) 
 
AUDIENCE MEMBER:  We love you!
 
THE PRESIDENT:  That's because I love you.  (Applause.)  Everybody knows I love Austin, Texas.  (Applause.)  Every time I come here I tell you how much I love you.  I love Austin.  I love the people.  I love the barbecue -- which I will get right after this.  (Laughter.)  I like the music.  (Applause.)  I've got good memories here, I've got good friends. 
 
I was telling somebody the last time I walked a real walk where I was kind of left alone was in Austin, Texas.  (Applause.) Right before the debate here during the primary in 2007?  2008?  It must have been 2008.  And I was walking along the river and nobody noticed me, and I felt great.  (Laughter.)  And then on the way back somebody did notice me and Secret Service started coming around and -- (laughter) -- but that first walk was really good.  So let’s face it, I just love Austin.  (Applause.)  Love the people of Austin. 
 
I want to thank a proud Texan, Congresswoman Sheila Jackson Lee, for being here today.  We appreciate her.  (Applause.) 
 
It is great to play at the Paramount.  I think I finally made it.  I finally arrived.  (Applause.)  I've enjoyed the last couple of days, just getting out of Washington.  And we started in Colorado, in Denver, and then went to Dallas and then came down here.  And at each stop I've been able to just meet people and talk about people’s lives -- their hopes, their dreams.
 
I just had some coffee, as Kinsey may have mentioned, at the Magnolia Café, which is very nice.  (Applause.)  It was fun, too, because I had a chance to -- there were a bunch of folks there and some EMT folks were there on their break after the shift, and there were a group of high school kids who were getting together -- they were about to go on a two-weeklong service trip to Peru  -- which, by the way, reminds you, you should be optimistic whenever you meet young people because they’re full of energy and idealism.  And so they were going to do this service trip and they were going to go for two days, then, to Machu Picchu -- the old Inca ruins in Peru.  And I said, I always wanted to go there. And they said, well, you can come with us if you want.  (Laughter.)  And I said, I'm really tempted, but I think there are some things I've got to do.  (Laughter.) 
 
But I got them -- in exchange for a selfie with them, they promised that they would send me a picture of them when they get there.  So I'm going to hold them to it.  We got their email and if I don't get it I'll be upset.  (Laughter.) 
 
Anyway, so I was talking to Kinsey because she wrote me a letter and I wanted to reply in person.  Because, as some of you may know, every day, we get tens of thousands of letters or correspondence, emails at the White House.  And ever since the first day I was in office, what I've asked our Correspondence Office to do is to select 10 of them for me to read every night. And in these letters, people tell me their stories.  They talk about losing a job, or finding a job.  They talk about trying to finance a college education.  They talk about challenges because maybe they’re the children of immigrants and they’re worried about their status.  They talk about the hardships they’re going through, successes they’ve had, things they hope for, things that they’re afraid of when it comes to the future and their lives.  
 
Sometimes people say thank you for something I've done or a position I've taken, and some people say, “You're an idiot.”  (Laughter.)  And that’s how I know that I’m getting a good representative sampling because -- (laughter) -- half the letters are less than impressed with me.   
 
So Kinsey wrote me to tell me about her family.  Her mom was a preschool teacher, her dad was an engineer.  Together, obviously, they worked really hard, raised a family.  They were responsible, did all the right things, were able to put their kids through college.  Then they lost their jobs.  And because they lost their jobs as mid-career persons, a lot of their resumes didn’t get answered.  And their savings started to dwindle.  And Kinsey works to pay for school, but it’s not enough. 
 
And she told me that she’s always been passionate about politics and the issues of the day, but after last year’s government shutdown, all this stuff that's happened with her family, it doesn’t seem like anybody in Washington is thinking about them.  She wrote, “I became a disgruntled citizen.  I felt as if my government, my beloved government that’s supposed to look out for the needs of all Americans had failed me.  My parents have always supported my siblings and me,” she wrote, “now it’s my turn to help them.  I want to be involved.  President Obama, what can I do?”
 
So I wanted to meet with Kinsey to let her know that I had heard her, that I listened to what was happening with her family, and I was thinking about her parents and I was thinking about her and her sisters.  And I’m here today because of Kinsey.  And I’m here today because of every American who is working their tail off and does everything right and who believes in the American Dream and just wants a chance to build a decent life for themselves and their families. 
 
And you and folks like Kinsey are the reason I ran for President in the first place -- (applause) -- because your lives are the lives that I lived.  When I listen to Kinsey I think about me and Michelle trying to finance our college education.  When I think about somebody who didn't have health care, I think about my mom when she had cancer that would ultimately end her life at about the age I am now.  When I think about equal pay, I think about my grandmother working her way up at a bank with nothing but a high school education and becoming the vice president of the bank, but always being kind of passed over for the next stage by men who were less qualified than she was. 
 
So the stories that I hear in these letters, they're my story, and they're Michelle’s story, and they're the story that we had before I became senator -- worrying about child care, trying to figure out how to have a balanced life so that if Malia or Sasha got sick we could take time off, and how do you manage all that. 
 
So that's why these letters are so important to me.  And that's why whenever I’m out of Washington, part of what I want to do is just to remember and to connect with your stories so that you know that what I’m trying to do every single day is based on that experience.
 
AUDIENCE MEMBER:  Thank you!  (Applause.)
 
THE PRESIDENT:  And when you see the trajectory of Kinsey’s family, in some ways, it’s a little bit a story of what’s happened to America. 
 
The crisis in 2008 hurt us all badly -- worse financial crisis since the Great Depression.  But you think about the progress we’ve made.  Today, our businesses have added nearly 10 million new jobs over the past 52 months.  (Applause.)  Our housing is rebounding.  Our auto industry is booming.  Manufacturing is adding more jobs than any time since the 1990s. The unemployment rate is the lowest point it’s been since September of 2008.  (Applause.)  Kinsey’s dad found a new job that he loves in the field he was trained for.  (Applause.)  So a lot of this was because of the resilience and hard work of the American people.  That's what happens -- Americans bounce back.
 
But some of it had to do with decisions we made to build our economy on a new foundation.  And those decisions are paying off. We’re more energy independent.  For the first time in nearly 20 years, we produce more oil here at home than we buy from abroad. (Applause.)  The world’s largest oil and gas producer isn’t Russia; it’s not Saudi Arabia -- it’s the United States of America.  (Applause.)
 
At the same time, we’ve reduced our total carbon pollution over the past eight years more than any country on Earth.  (Applause.)  We’ve tripled the amount of electricity we generate from wind.  We’ve increased the amount of solar energy we have by 10 times.  We’re creating jobs across the country in clean energy.  (Applause.) 
 
In education, our high school graduation rate is at a record high; the Latino dropout rate has been cut in half since 2000.  (Applause.)  More young people are graduating from college than ever before.
 
AUDIENCE MEMBER:  Si se puede!
 
THE PRESIDENT:  Si se peude.  (Laughter.) 
 
The Affordable Care Act has given millions more families peace of mind.  They won’t go broke just because they get sick.  (Applause.)  Our deficits have been cut by more than half. 
 
We have come farther and recovered faster, thanks to you, than just about any other nation on Earth.  (Applause.)  And so we’ve got a lot to be encouraged by, just as the story of Kinsey’s family makes us feel more encouraged.  For the first time in a decade, business leaders around the world have said the number-one place to invest is not China, it’s the United States of America.  So we’re actually seeing companies bring jobs back. (Applause.)  So there’s no doubt that we are making progress.  By almost every measure, we are better off now than we were when I took office.  (Applause.) 
 
But the fact is we’ve still got a long way to go.  We’ve still got a long way to go, because while we’re creating more jobs faster these first six months of this year than any time since 1999, we know there are still a lot of folks out there who are looking for work or looking for more full-time work or looking for a better-paying job.  Corporate profits are higher than ever.  CEOs make more than ever.  But you’re working harder than ever just to get by and pay the bills. 
 
So, as a whole, the country is doing better.  But the problem is, is that so much of the improved productivity and profits have gone to the folks at the very top, and the average person, their wages and incomes haven’t really gone up at all, and in some cases, haven’t kept up with the rising cost of health care or college or all the basic necessities that people need. 
 
And so, Austin, I’m here to say that this country is not going to succeed if just a few are doing well.  This country succeeds when everybody has got a shot.  (Applause.)  The country does better when the middle class does better, and when there are more ladders of opportunity into the middle class.  (Applause.) That’s the kind of economy that works here in America.  And that’s what’s at stake right now. 
 
Now, that’s why we’re fighting for an opportunity agenda that creates more good jobs and creates more good wages -- jobs in American manufacturing, jobs in construction.  We should be rebuilding infrastructure all across America, putting people back to work rebuilding roads and bridges and schools, creating a smart grid to transmit clean energy across the country more efficiently.  (Applause.)   
 
We can create good jobs in American energy -- (sneezes) -- bless me -- and innovation.  (Laughter.)  I’m okay, just haven’t had enough sleep.  (Laughter.) 
 
We’re fighting for an opportunity agenda that trains more workers with the skills to fill the jobs that are being created. I was talking to some folks from a community college before I came out here.  We’ve learned that if we reach out to businesses and help them design the training programs in the community colleges, then when somebody finishes that training, they know they can get a job right away.  (Applause.)
 
We’re fighting for an opportunity agenda that guarantees every child a world-class education from the time that they are three until the time that they graduate from college.
 
We’re fighting for an opportunity agenda that makes sure your hard work pays off with higher wages and equal pay for equal work, and workplace flexibility, and the overtime pay you’ve earned.  (Applause.)
 
We’re fighting for opportunity for all and the idea that no matter who you are and what you look like and where you come from and who you love, if you work hard in America, if you work hard in Austin, if you work hard in Texas, you can make it here.  (Applause.)  You can make it.  (Applause.)
 
So that's what we’re working for.  And the good news is, is that the things that we need to do are well within our capabilities, our grasp.  We know we can -- we know how to build roads.  We know how to put people back to work on infrastructure. We know that if we invest in early childhood education, every dollar we put in, we get seven dollars back, and fewer dropouts and fewer teen pregnancies, and fewer folks going into the criminal justice system.  (Applause.) 
 
We know that if we do some basic things, if we make some basic changes, we’ll see more jobs, faster economic growth, lift more incomes, strengthen the middle class.  They are common-sense things.  They're not that radical.  We know it’s what we should be doing.  And what drives me nuts -- and I know drives you nuts -- is Washington isn’t doing it.  (Applause.)
 
And let me be clear about why Washington is broken, because sometimes everybody says, well, you know what, all politicians are the same, he parties -- the Democrats, Republicans, it doesn't matter.  Look, Democrats are not perfect, I promise you. I know a lot of them.  (Laughter.)  And, yes, every member of Congress, they're thinking about, I’d like to be reelected and I’d like to keep my job.  That's human nature.  We all understand that.  But let me be clear.  On the common-sense agenda that would help middle-class families, the overwhelming number of Democrats are in favor of these things. 
 
They're in favor of minimum wage.  They're in favor of equal pay.  (Applause.)  They're in favor of extending unemployment benefits.  They're in favor of infrastructure.  They're in favor of investing in research and development.  They're in favor of making college more affordable.  They’ve got specific proposals. They're willing to compromise.  They're prepared to go forward. 
 
So when folks say they're frustrated with Congress, let’s be clear about what the problem is.  (Applause.)  I’m just telling the truth now.  I don't have to run for office again, so I can just let her rip.  (Applause.)  And I want to assure you, I’m really not that partisan of a guy.  My favorite President is the first Republican President, a guy named Abraham Lincoln.  You look at our history, and we had great Republican Presidents who  -- like Teddy Roosevelt started the National Park System, and Dwight Eisenhower built the Interstate Highway System, and Richard Nixon started the EPA. 
 
The statement I’m making is not a partisan statement, it is a statement of fact.  (Applause.)  So far this year, Republicans in Congress have blocked or voted down every serious idea to strengthen the middle class.  They have said no --
 
AUDIENCE:  Booo!
 
THE PRESIDENT:  Don't boo now, because what I want you to do is vote.  (Applause.)
 
They’ve said no to raising the minimum wage.  They’ve said no to fair pay.  They said no to unemployment insurance for hardworking folks like Kinsey’s parents who have paid taxes all their lives and never depended on anything and just needed a little help to get over a hump.  They said no to fixing our broken immigration system that we know would strengthen our borders and our businesses and help families.  (Applause.)
 
Instead of investing in education that helps working families, they voted to give another massive tax cut to the wealthiest Americans.  Instead of creating jobs by rebuilding our infrastructure, our roads, our bridges, our ports that help every business, they’ve decided to protect tax loopholes for companies that are shifting jobs overseas and profits overseas. 
 
The best thing you can say about this Congress -- the Republicans in Congress, and particularly the House of Representatives -- the best you can say for them this year is that so far they have not shut down the government -- (laughter) -- or threatened to have America welch on our obligations and ruin our credit rating.  That's the best you can say.  But of course, it’s only July -- (laughter) -- so who knows what they may cook up in the next few months.
 
So even as they’re blocking policies that would help middle-class families, they keep on offering these theories of the economy that have failed over and over again.  They say, well, if we give more tax breaks to folks at the top that's going to be good.  If we make fewer investments in things like education, everything will work out.  If we loosen the rules for big banks and credit card companies and polluters and insurers, somehow that's going to make the economy better.  If we shrink the safety net and cut Medicaid and cut food stamps, and make sure that folks who are vulnerable and trying to get back on their suffer more hardship, somehow that's going to improve the economy.
 
Now, they believe these things -- sincerely, I assume -- that if they -- if we do these things, if we just take care of folks at the top, or at least if we don't empower our government to be able to help anybody, that somehow jobs and prosperity will trickle down and we’ll all be better off.
 
And that may work just fine for folks at the top.  It worked fine for me.  I don't need government.  (Laughter.)  Michelle and I now are in a position where we can pretty much finance Malia and Sasha’s college education.  But I remember when Michelle’s parents couldn’t, they needed help.  And I don't know about you, but I don't believe in pulling up the ladder once I’m up.  I believe in extending it down and making sure that everybody has a chance to climb up.  (Applause.)
 
The status quo certainly works for the special interests in Washington who like things just as they are.  They’ll be fine whether Congress ever passes a bill again or not.  But it doesn’t help you.  It doesn't help your neighbors.  It doesn't help your friends.  It doesn't help your communities.
 
And what it does, is it just feeds people’s cynicism about Washington.  It just makes people think, well, nothing can happen, and people start feeling hopeless.  And we have to understand, in the face of all evidence to the contrary in Washington, we can do better than we’re doing right now.  (Applause.)  We can do better than what we’re doing right now.
 
We know from our history, our economy does not grow from the top down, it grows from the middle up.  It grows from a rising, thriving middle class.  It grows when we got ladders of opportunity for everybody, and every young person in America is feeling hopeful and has a chance to do what they can with the God-given talents that they have.  That’s what we’re fighting for.  That is what you should be fighting for.  (Applause.)
 
And I will always look -- I’ll always look for ways to get Republicans and Democrats together in this effort.  But I’m not  -- I can't stand by with partisan gridlock that's the result of cynical political games that threaten the hard work of millions of Americans.  I’m not just going to stand by and say, okay, that's -- I guess that's the way it is.  Whenever and wherever I have the power, the legal authority to help families like yours, even if Congress is not doing anything, I will take that opportunity.  I will try to make something happen.  (Applause.)
And that’s the reason -- that's the reason why my administration has taken more than 40 different actions just this year to help working Americans -- because Congress won’t.
 
Congress won’t act to make sure a woman gets equal pay for equal work.  So I made sure more women have the protections they need to fight for fair pay in the workplace -- because I think when women succeed America succeeds.   So we went ahead and did that.  (Applause.)
 
Congress won’t act to create jobs in manufacturing or construction.  Well, I went ahead and speeded up permits for big projects.  We launched a new hub to attract more high-tech manufacturing jobs to America.  I want to make sure the next revolution in manufacturing is right here in America; it’s an American revolution, not a German or a Chinese revolution.  I want it happening right here in Austin, Texas.  (Applause.)
 
Congress so far hasn’t acted to help more young people manage their student loan debt.  So I acted with my lawful authority to give nearly 5 million Americans the chance to cap their student loan payments at 10 percent of their income so they can manage it better, so that if they go into teaching, or they go into social work, or they're doing something at a non-for-profit, that they're not encumbered by mountains of debt.  I don’t want our future leaders saddled with debt before they start out in life.  (Applause.)
 
And Republicans in Congress so far have refused to raise workers’ wages with a higher minimum wage.  So I acted to require that federal contractors pay their employees a fair wage of at least $10.10 an hour -- (applause) -- which would give hundreds of thousands of workers a raise.  I asked business owners and governors and mayors and state legislators -- anybody I could work with -- do what you can on your own, I told them. 
 
Since the first time I asked Congress to raise the minimum wage, Congress hasn’t done anything, but 13 states have gone ahead and raised theirs.  (Applause.)  And, by the way -- this is important to remember just because folks are always trying to run the okey doke on you -- (laughter) -- the states that have increased their minimum wages this year have seen higher job growth than the states that have not increased their minimum wage.  (Applause.)  And more and more business owners are choosing to lift the wages for their workers because they understand that it’s going to be good to have productive workers, loyal workers, invested workers. 
 
Just yesterday, before I came down to Texas, when I was in Denver, I met with Carolyn Reed.  She owns six Silver Mine sub shops.  She started her own business.  She was working at UPS and decided she wanted to be a business owner, got her first franchise.  Her and her husband mortgaged their house.  Eventually, they got an SBA loan.  Now, she’s got six stores.  A wonderful woman.  And today, she decided to raise her hourly employees’ wages to a minimum of $10.10 an hour.  (Applause.)  She just went ahead and did it on her own, because she realized that she’ll have less turnover and she’s going to have more productive workers. 
 
As long as Congress will not increase wages for workers, I will go and talk to every business in America if I have to.  (Applause.)  There’s no denying a simple truth:  America deserves a raise, and if you work full-time in this country, you shouldn’t live in poverty.  That’s something that we all believe. (Applause.)   
 
Now, here’s where it gets interesting.  There are a number of Republicans, including a number in the Texas delegation, who are mad at me for taking these actions.  They actually plan to sue me.  (Laughter.)  Now, I don’t know which things they find most offensive -- me helping to create jobs, or me raising wages, or me easing the student loan burdens, or me making sure women can find out whether they’re getting paid the same as men for doing the same job.  I don’t know which of these actions really bug them.  (Laughter.) 
 
The truth is, even with all the actions I’ve taken this year, I’m issuing executive orders at the lowest rate in more than 100 years.  So it’s not clear how it is that Republicans didn’t seem to mind when President Bush took more executive actions than I did.  (Applause.)  Maybe it’s just me they don’t like.  I don’t know.  Maybe there’s some principle out there that I haven’t discerned, that I haven’t figure out.  (Laughter.)  You hear some of them -- “sue him,” “impeach him.”  Really?  (Laughter.)  Really?  For what?  (Applause.)  You’re going to sue me for doing my job?  Okay.  (Applause.)   
 
I mean, think about that.  You’re going to use taxpayer money to sue me for doing my job -- (laughter) -- while you don’t do your job.  (Applause.) 
 
There’s a great movie called “The Departed” -- a little violent for kids.  But there’s a scene in the movie where Mark Wahlberg -- they’re on a stakeout and somehow the guy loses the guy that they’re tracking.   And Wahlberg is all upset and yelling at the guy.  And the guy looks up and he says, “Well, who are you?”  And Wahlberg says, “I’m the guy doing my job.  You must be the other guy.”  (Laughter and applause.)  Sometimes, I feel like saying to these guys, I’m the guy doing my job, you must be the other guy.  (Applause.) 
 
So rather than wage another political stunt that wastes time, wastes taxpayers’ money, I’ve got a better idea:  Do something.  (Applause.)  If you’re mad at me for helping people on my own, let’s team up.  Let’s pass some bills.  Let’s help America together.  (Applause.)   
 
It is lonely, me just doing stuff.  I’d love if the Republicans did stuff, too.  (Laughter.)  On immigration issues, we’ve got -- and to their credit, there are some Republicans in the Senate who actually worked with Democrats, passed a bill, would strengthen the borders, would help make the system more fair and more just.  But the House Republicans, they haven’t even called the bill.  They won’t even take a vote on the bill.  They don’t have enough energy or organization or I don’t know what to just even vote no on the bill.  (Laughter.)  And then they’re made at me for trying to do some things to make the immigration system work better.  So it doesn’t make sense.
 
AUDIENCE MEMBER:  (Inaudible.)
 
THE PRESIDENT:  I’m sorry, what are you yelling about now?  Sit down, guys.  I’m almost done.  Come on, sit down.  I’ll talk to you afterwards, I promise.  I’ll bring you back.  I’m wrapping things up here.
 
AUDIENCE MEMBER:  (Inaudible.)
 
THE PRESIDENT:  I understand.  See, everybody is going to start -- I’m on your side, man.  Sit down, guys, we’ll talk about it later, I promise.
 
So, look, here’s what we could do.  We could do so much more -- you don’t have to escort them out.  They’ll sit down.  I promise, I’ll talk to you afterwards. 
 
We could do so much more if Republicans in Congress would focus less on stacking the deck for those on the top and focus more on creating opportunity for everybody.  And I want to work with them.  I don’t expect them to agree with me on everything, but at least agree with me on the things that you used to say you were for before I was for them.  (Applause.) 
 
You used to be for building roads and infrastructure.  Nothing has changed.  Let’s go ahead and do it.  (Applause.)  Ronald Reagan passed immigration reform, and you love Ronald Reagan.  Let’s go ahead and do it.  (Applause.)   
 
I mean, what changed?  I’m just saying.  (Laughter.)  That’s what made our country great, a sense of common purpose, a sense we’re all in it together as one nation, as one people.  We can debate the issues, we can have our differences, but let’s do something.  (Applause.)  Let’s rally around an economic patriotism that says, instead of giving more tax breaks to millionaires, let’s give tax breaks to working families to help pay for child care or college. 
 
Instead of protecting tax loopholes that let corporations keep their profits overseas,  let’s put some of that money to work right here in the United States rebuilding America.  (Applause.)  We can rebuild our airports, create the next generation of good manufacturing jobs, make sure those are made in America. 
 
Let’s rally around a patriotism that says we’re stronger as a nation when we cultivate the ingenuity and talent of every American, and give every 4-year-old in America access to high-quality education -- good-quality preschool.  (Applause.)  Let’s redesign our high schools to make them more relevant to the 21st century economy.  Let’s make college more affordable.  Let’s  make sure every worker, if you lose your job, you can get a good job training that gives you an even better job.  (Applause.) 
 
Let’s embrace the patriotism that says it’s a good thing when our fellow citizens have health care.  It’s not a bad thing. (Applause.)  That’s not a bad thing.  It’s a good thing when women earn what men do for the same work.  That’s an all-American principle.  (Applause.)  Everybody has got a mom out there or a wife out there or a daughter out there.  They don’t want them to not get treated fairly.  Why would you be against that? 
 
It’s a good thing when parents can take a day off to care for a sick child without losing their job or losing pay and they can’t pay their bills at the end of the month.  It’s a good thing when nobody who works full-time is living in poverty.  That is not radical.  It’s not un-American.  It’s not socialist.  That’s how we built this country.  It’s what America is all about, us working together.  (Applause.)   
 
So let me just wrap up by saying this:  The hardest thing to change in politics is a stubborn status quo.  Our democracy is designed where folks who have power, who have clout -- they can block stuff, they can keep things as they are.  It’s hard.  It’s even harder when Washington seems focused on everything but your concerns, Kinsey’s concerns. 
 
There are plenty of people who count on you getting cynical and count on you not getting involved so that you don’t vote, so you give up.  And you can’t give into that.  America is making progress, despite what the cynics say.  (Applause.)  Despite unyielding opposition and a Congress that can’t seem to do anything, there are workers with jobs who didn’t have them before; there are families with health insurance who didn’t have them before; there are students in college who couldn’t afford it before; there are troops who served tour after tour who are home with their families today.  (Applause.)   
 
Cynicism is popular.  Cynicism is popular these days.  It’s what passes off as wisdom.  But cynics didn’t put a man on the moon.  Cynics never won a war.  Cynics didn’t cure a disease, or start a business, or feed a young mind.  Cynicism didn’t bring about the right for women to vote, or the right for African Americans to be full citizens.  Cynicism is a choice. 
 
Hope is a better choice.  Hope is what gave young soldiers the courage to storm a beach.  Hope is what gave young people the strength to march for women’s rights and civil rights and voting rights and gay rights and immigrant rights.  (Applause.) 
 
Hope is what compelled Kinsey to sit down and pick up a pen, and ask “what can I do,” and actually think maybe the President might read that story and it might make a difference.  (Applause.)  And her voice rang out here in the Paramount Theatre.  And it’s her voice and your voice that’s going to change this country.  That’s how we’re going to make sure that we remain the greatest nation on Earth -- not by asking what we can do for ourselves, but what we can do for each other and what we can do for our country. 
 
And so, as President, I’m going to keep a promise that I made when I first ran:  Every day, I will keep asking the same question, and that is, how can I help you?  And I’ll keep treating your cares and your concerns as my own.  And I will keep fighting to restore the American Dream for everybody who’s willing to work for it. 
 
And I am going to need you to be right there with me.  (Applause.)  Do not get cynical.  Hope is the better choice. 
 
Thank you, Texas.  Thank you, Austin.  God bless you.  (Applause.) 
 
END
1:28 P.M. CDT

Thursday, July 3, 2014

PRESIDENT OBAMA MAKES REMARKS ON THE ECONOMY

FROM:  THE WHITE HOUSE 

Remarks by the President on the Economy

1776
Washington, D.C.
11:57 A.M. EDT
THE PRESIDENT:  So we're going into the 4th of July weekend and what more appropriate place to be than 1776.  (Applause.)   This is an incubator for all sorts of tech startups, a lot of them focused on social change issues, on education, on health care.  And so we've got a range of entrepreneurs who are trying to figure out how can we do well by doing good, in many cases. 
And I just have to say that the young people -- and some not so young people -- (laughter) -- that I spoke to, coming from a wide range of backgrounds -- we had former Army Rangers; we had lawyers; we had former HR folks, transportation experts, engineers -- all of them had the kind of energy and drive and creativity and innovation that has been the hallmark of the American economy.
And part of the reason I wanted to come here today is to focus on what’s happened in the U.S. economy over the last several months and last several years.  We just got a jobs report today showing that we've now seen the fastest job growth in the United States in the first half of the year since 1999.  (Applause.)  So this is also the first time we've seen five consecutive months of job growth over 200,000 since 1999.  (Applause.)  And we've seen the quickest drop in unemployment in 30 years. 
So it gives you a sense that the economy has built momentum, that we are making progress.  We've now seen almost 10 million jobs created over the course of the last 52 months.  And it should be a useful reminder to people all across the country that given where we started back in 2008, we have made enormous strides, thanks to the incredible hard work of the American people and American businesses that have been out there competing, getting smarter, getting more effective.  And it's making a difference all across the country.
Now, what we also know is, as much progress as has been made, there are still folks out there who are struggling.  We still have not seen as much increase in income and wages as we’d like to see.  A lot of folks are still digging themselves out of challenges that arose out of the Great Recession. 
Historically, financial crises take a longer time to recover from.  We've done better than the vast majority of other countries over the last five years, but that drag has still meant a lot of hardship for a lot of folks.  And so it’s really important for us to understand that we could be making even stronger process, we could be growing even more jobs, we could be creating even more business opportunities for smart, talented folks like these if those of us here in Washington were focused on them, focused on you, the American people, rather than focused on politics. 
And I’ve given a number of examples over the last several months of things we know would work if we are investing in rebuilding our infrastructure -- that doesn’t just put construction workers back to work, that puts engineers back to work, that puts landscape architects back to work, it puts folks who are manufacturing concrete or steel back to work.  It makes a difference and it has huge ripple effects all across the economy.
If we are serious about increasing the minimum wage, that puts more money in the pockets of people who are most likely to spend it.  They, in turn, are most likely to hire more people because they now have more customers who are frequenting their businesses.  If we are making sure that there’s equal pay for equal work, that’s helping families all across the country.  If we’re focused on making sure that childcare is accessible and affordable and high-quality, that frees up a whole bunch of potential entrepreneurs, as well as people who are just going to work every single day, doing the right thing, being responsible, but often are hampered by difficult situations in terms of trying to manage parenting and families.
And so there are just a series of specific things we can do right now -- many of them I’m doing on my own because we have the administrative authority to do it, but some of them we can’t do without Congress.  We can’t fix a broken immigration system that would allow incredibly talented folks who want to start businesses here and create jobs here in the United States, would allow them to stay and make those investments.  That’s something that we need Congress to help us on.  (Applause.)  We’re not going to be able to fund the Highway Trust Fund and to ramp up our investment in infrastructure without acts of Congress.
So my hope is, is the American people look at today’s news and understand that, in fact, we are making strides.  We have not seen more consistent job growth since the ‘90s.  But we can make even more progress if Congress is willing to work with my administration and to set politics aside, at least occasionally -- (laughter) -- which I know is what the American people are urgently looking for.
It’s a sort of economic patriotism where you say to yourself, how is it that we can start rebuilding this country to make sure that all of the young people who are here but their kids and their grandkids are going to be able to enjoy the same incredible opportunities that this country offers as we have.  That’s our job.  That’s what we should be focused on.  And it’s worth remembering as we go into Independence Day.
Thanks, everybody.  Appreciate it.  Thanks.  (Applause.)
END
12:04 P.M. EDT

Tuesday, July 1, 2014

PRESIDENT OBAMA SAYS BUILDING ROADS AND BRIDGES IS NOT AN IMPERIAL PRESIDENCY

FROM:  THE WHITE HOUSE 

Remarks by the President on the Economy

Georgetown Waterfront
Washington, D.C.
2:22 P.M. EDT
THE PRESIDENT:  Well, hello, everybody.  Have a seat, have a seat.  It’s hot.  (Laughter.)  It’s hot out -- Anthony, take off your coat, man.  (Laughter.)  It is hot and Team USA takes the pitch in a couple hours, so we’ve got to get down to business.  (Applause.)  We don’t have time for a lot of small talk -- am I right, Mr. Mayor?  We’ve got to get going.
Behind me is one of the busiest bridges in Washington.  And, with the 4th of July on Friday -- also Malia’s birthday, for those of you who are interested, she will be 16, a little worrisome -- I would note that this bridge is named for the man who wrote the “Star-Spangled Banner” –- Francis Scott Key.
Three years ago, I came here to this very spot, to the Key Bridge, to talk about how two of the five major bridges connecting D.C. and Virginia –- including this one -– were rated “structurally deficient.”  And with almost 120,000 vehicles crossing them every day, I said it was important to fix them.
And today, that’s exactly what we’re doing.  So, soon, construction workers will be on the job making the Key Bridge safer for commuters and for families, and even for members of Congress to cross.  (Laughter.)  This is made possible by something called the Highway Trust Fund, which Congress established back in the 1950s, and which helps states repair and rebuild our infrastructure all across the country.  It’s an example of what can happen when Washington just functions the way it was supposed to. 
Back then, you had Eisenhower, a Republican President; over time you would have Democratic Presidents, Democratic and Republican members of Congress all recognizing building bridges and roads and levees and ports and airports -- that none of that is a partisan issue.  That’s making sure that America continues to progress.

Now, here is the problem.  Here is the reason we’re here in the heat.  If this Congress does not act by the end of the summer, the Highway Trust Fund will run out.  There won’t be any money there.  All told, nearly 700,000 jobs could be at risk next year.  That would be like Congress threatening to lay off the entire population of Denver, or Seattle, or Boston.  That’s a lot of people.  It would be a bad idea.  Right now, there are more than 100,000 active projects across the country where workers are paving roads, and rebuilding bridges, and modernizing our transit systems.  And soon, states may have to choose which projects to continue and which ones to put the brakes on because they’re running out of money.  Some have already done just that, just because they’re worried that Congress will not get its act together in time.
Now, earlier this year, I put forward a plan not just to replenish the Highway Trust Fund, I put forward a plan to rebuild our transportation infrastructure across the country in a responsible way.  And I want to thank Secretary Anthony Foxx, who is here today, for his hard work in putting this plan together.  (Applause.)  Because we are not spending enough on the things that help our economy grow, the things that help businesses move products, the thing that help workers get to the job, the things that help families get home to see their loved ones at night.  We spend significantly less as a portion of our economy than China does, than Germany does, than just about every other advanced country.  They know something that I guess we don’t, which is that’s the path to growth, that’s the path to competitiveness.
So the plan we put together would support millions of jobs.  It would give cities, and states, and private investors the certainty they need to plan ahead.  It would help small businesses ship their goods faster, help parents get home to their kids faster.  And it wouldn’t add to the deficits –- because we’d pay for it in part by closing tax loopholes for companies that are shipping their profits overseas to avoid paying their fair share of taxes.  Seems like a sensible thing to do.  (Applause.)
It’s not crazy, it’s not socialism.  (Laughter.)  It’s not the imperial presidency -- no laws are broken.  We’re just building roads and bridges like we’ve been doing for the last, I don’t know, 50, 100 years.  But so far, House Republicans have refused to act on this idea.  I haven’t heard a good reason why they haven’t acted -- it’s not like they’ve been busy with other stuff.  (Laughter.)  No, seriously.  (Laughter.)  I mean, they’re not doing anything.  Why don’t they do this?
Now, Republican obstruction is not just some abstract political stunt; it has real and direct consequences for middle-class families all across the country. 
We went through the worst economic crisis since the Great Depression, we’ve climbed back.  Since then, we’ve created 9.4 million new jobs over the past 51 months.  Corporate profits are up, stock market is up, housing is improving.  (Applause.)  Unemployment is down.  The deficits have been cut in half.  We’re making progress, but we still have a situation where those at the top are doing as well as ever but middle-class families all across the country are still struggling to get by.  There are people who are working hard, they believe in the American Dream -- it feels sometimes like the system is rigged against them. 
And they have good reason to think that way.  So far this year, Republicans in Congress have blocked or voted down every serious idea to strengthen the middle class.  Not ideas that are unique to me, they’re not -- this isn’t Obama bridge.  (Laughter.)  It’s Key Bridge.  But the Republicans have said no to raising the minimum wage, they’ve said no to fair pay, they’ve said no to extending unemployment insurance for over 3 million Americans looking for a new job. 
And this obstruction keeps the system rigged for those who are doing fine at the top.  It prevents us from helping more middle-class families.  And as long as they insist on taking no action whatsoever that will help anybody, I’m going to keep on taking actions on my own that can help the middle class -- like the actions I’ve already taken to speed up construction projects, and attract new manufacturing jobs, and lift workers’ wages, and help students pay off their loans.  (Applause.)
And they criticize me for this.  Boehner sued me for this.  And I told him, I’d rather do things with you, pass some laws, make sure the Highway Trust Fund is funded so we don’t lay off hundreds of thousands of workers.  It’s not that hard.  Middle-class families can’t wait for Republicans in Congress to do stuff.  So sue me.  (Laughter.)  As long as they’re doing nothing, I’m not going to apologize for trying to do something.  (Applause.)
And look, I just want to be clear -- Republicans in Congress, they’re patriots, they love their country, they love their families.  They just have a flawed theory of the economy that they can’t seem to get past.  They believe that all we should be doing is giving more tax breaks to those at the top, eliminating regulations that stop big banks or polluters from doing what they want, cut the safety net for people trying to work their way into the middle class, and then somehow the economy is going to get stronger and jobs and prosperity trickle down to everybody.  That’s their worldview.  I’m sure they sincerely believe it.  It’s just not accurate.  It does not work. 

We know from our history our economy doesn’t grow from the top down; it grows from the middle out.  We do better when you’ve got some construction workers on the job.  They then go to a restaurant and they buy a new car.  That means the workers there start doing better.  Everybody does better.  And we could be doing so much more if Republicans in Congress were less interested in stacking the deck in favor of those at the top or trying to score political points, or purposely trying to gridlock Washington, and just tried to get some things done to grow the economy for everybody.  We could do so much more if we just rallied around an economic patriotism, a sense that our job is to get things done as one nation and as one people.
Economic patriotism would say that instead of protecting corporations that are shipping jobs overseas, let’s make sure they’re paying their fair share of taxes, let’s reward American workers and businesses that hire them.  Let’s put people to work rebuilding America.  Let’s invest in manufacturing, so the next generation of good manufacturing jobs are right here, made in the USA.  (Applause.)  That would be something to celebrate on the 4th of July.  (Applause.)
Economic patriotism says that instead of stacking the deck in the favor of folks just at the top, let’s harness the talents and ingenuity of every American and give every child access to quality education, and make sure that if your job was stamped obsolete or shipped overseas, you’re going to get retrained for an even better job.  (Applause.) 
Economic patriotism says that instead of making it tougher for middle-class families to get ahead, let’s reward hard work for every American.  Let’s make sure women earn pay that’s equal to their efforts.  (Applause.)  Let’s make sure families can make ends meet if their child gets sick and they need to take a day off.  Let’s make sure no American who works full-time ever has to live in poverty.  (Applause.)
Let’s tell everybody they’re worth something.  No matter who you are, no matter what you look like, where you come from, who you love, if you work hard, if you’re responsible, you can make it here in America.  That’s what this country was founded on, that idea.  That’s why I ran for this office.  I think sometimes about what we could be accomplishing, what we could have accomplished this past year, what we could have accomplished the year before that.  And typically what gets reported on is just the politics -- well, you know, they’re not doing this because they don’t want to give Obama a victory or oh, well, we don’t want to do this right now because maybe the midterm election is coming up and, oh, well, what’s happening with the polls.  People don’t care about that.  People just want to see some results.  And objectively, if you look at the agenda I’m putting forward, the things that we’re trying to get done like just fixing bridges and roads, it really shouldn’t be controversial.  It hasn’t been controversial in the past. 
And so part of the reason that I’m going to be spending a lot of time over the next several weeks and months getting out there with ordinary folks is just to report to you it’s not as if I don’t know that you could use some help.  I know.  It’s not as if we don’t have good plans to put more people back to work and raise their incomes and improve the quality of education.  We know how to do it.  That’s not the reason it’s not happening.  It’s not happening because of politics.
And the only folks that can fix that are going to be you -- the American people and voters.  Sometimes in our culture right now we just get cynical about stuff and we just assume things can’t change because nothing seems to change in this town.  But that’s not true.  It can change as long as everybody gets activated, as long as people still feel hopeful and we don’t fall prey to cynicism. 
And so I just want everybody here to understand that as frustrating as it may be sometimes, as stuck as Congress may be sometimes, if the American people put pressure on this town to actually get something done and everybody is looking at some commonsense agenda items that we should be able to do because Democrats and Republicans were able to do them in the past, we can grow our economy, we can lift people’s incomes, we can make sure that people who are fighting hard can get into the middle class and stay there.  But it’s going to take you.  It’s going to take you.  This is not going to happen on its own.  And I’m confident if that’s what we do, if all of you are fighting alongside me every single day instead of just giving up on this place, then we’re going to make America better than ever.  That’s a promise.
Thank you, everybody.  God bless you.  God bless America.  Go Team USA!  Let’s build some bridges!
END
2:37 P.M. EDT

Saturday, June 28, 2014

PRESIDENT'S REMARKS ON THE ECONOMY IN MINNEAPOLIS, MN

FROM:  THE WHITE HOUSE 

Remarks by the President on the Economy -- Minneapolis, MN

Lake Harriet Band Shell
Minneapolis, Minnesota
10:15 A.M. CDT
THE PRESIDENT:  Hello, Minneapolis!  (Applause.)  How is everybody doing today?  You look good.  (Applause.)  It is good to see all of you.  I miss Minneapolis.  I missed you guys.  Go ahead and have a seat, I’m going to be talking for a while.  (Laughter.) 
So we’ve got some wonderful folks here today.  I want to acknowledge a few of them.  First of all, your outstanding Governor, Mark Dayton.  (Applause.)  Your wonderful senators, Al Franken and Amy Klobuchar.  (Applause.)  Congressman Keith Ellison.  (Applause.)  Your Mayor, Betsy Hodges.  (Applause.)  And all of you are here, and that’s special. 
I want to thank Rebekah for not just the introduction and for sharing her story, but for letting me hang out with her and her family for the last couple of days.  I really like her.  (Laughter.)  And her husband is like the husband of the year.  Generally, you don’t want your wife to meet Rebekah’s husband, because she’ll be like, well, why don’t you do that?  (Laughter.)  Why aren’t you like that? 
I’ve been wanting to visit a place where all the women are strong and the men are good-looking, and the children above average.  (Applause.)  And this clearly is an example of what Minnesota produces.  So yesterday, Rebekah and I had lunch at Matt’s Bar, had a “Jucy Lucy” -- (applause) -- which was quite tasty.  We had a town hall at Minnehaha Park, although I did not take a kayak over the falls, which seemed dangerous.  (Laughter.)  We got ice cream at Grand Ole Creamery -- very good, very tasty. 
And then this morning, Al Franken and I and Secretary Tom Perez, our Secretary of Labor who’s here -- Tom, stand up -- (applause) -- we stopped by a community organization that helps with a lot of job programs and job placement programs.  And this program in particular was focused on young moms.  It was really interesting talking to them, because there are teenage mothers, 16 to 18, and it was a great pleasure for me to be able to say to all of them that my mom was a teenage mom, and she was 18 when she had me -- and to be able to say to all of them that here in this country, it is possible for the child of a teenage mom, a single mom, to end up being President of the United States.  (Applause.)  And I think that it maybe gave them something to think about. 
So you guys have been great hosts, Minnesota. 
AUDIENCE MEMBER:  Thank you!
THE PRESIDENT:  You’re welcome.  (Laughter.) 
AUDIENCE MEMBER:  We love you!
THE PRESIDENT:  I love you back.  (Laughter and applause.) 
So I want to give you a sense of how this visit came up.  As some of you know, every day we get tens of thousands of correspondence at the White House.  And we have a big correspondence office, and every night the folks who manage the correspondence office select 10 letters for me to read. 
And the job of these letters is not to just puff me up -- so it’s not like they only send me letters saying, Mr. President, you’re doing great.  (Laughter.)  Sometimes the letters say thank you for something I may have done.  Sometimes the letters say, you are an idiot and the worst President ever.  (Laughter.)  And most of the stories, though, are stories of hardship, or hard-won success, or hopes that haven’t been met yet.  Some appreciate a position that I may have taken; some disagree with what I’m doing.  Some consider policies like the Affordable Care Act to be socialism; some tell stories about the difference that same policy may have made in folks’ lives.
So I’m getting a good sample of what’s happening around the country.  And last month, three young girls wrote to me that boys aren’t fair because they don’t pass the ball in gym class.  (Laughter.)  So there’s a wide spectrum -- and I’m going to prepare an executive order on that. 
But the letter that Rebekah sent stood out -- first of all, because she’s a good writer, and also because she’s a good person.  And the story that she told me reminded Michelle and I of some of our own experiences when we were Rebekah and her husband’s age.  And in many ways, her story for the past five years is our story, it’s the American story. 
In early 2009, Rebekah and Ben, her husband, they were newly married, expecting their first son, Jack.  She was waiting tables, he was in construction.  Like millions of middle-class families who got hammered by the Great Recession -- the worst recession since the Great Depression -- life was about to get pretty hard.  “If only we had known,” she wrote, “what was about to happen to the housing and construction market.” 
Ben’s business dried up.  But as a new husband and dad, he did what he had to, so he took whatever jobs he could, even if it forced him to be away from his family for days at a time.  Rebekah realized she needed to think about how her career would unfold, so she took out student loans and enrolled in St. Paul College, and retrained for a new career as an accountant. 
And it’s been a long, hard road for them.  They had to pay off debt.  They had to sacrifice for their kids and for one another.  But then last year, they were able to buy their first home, and they’ve got a second son.  And they love where they work, and Ben’s new job lets him be home for dinner each night.  (Applause.)  And so what Rebekah wrote was, “It’s amazing what you can bounce back from when you have to.  We’re a strong, tight-knit family who has made it through some very, very hard times.”
And that describes the American people.  We, too, are a strong, tight-knit family who has made it through some very, very hard times.  And today, over the past 51 months, our businesses have created 9.4 million new jobs.  Our housing market is rebounding.  Our auto industry is booming.  Our manufacturing sector is adding jobs for the first time since the 1990s.  We’ve made our tax code fairer.  We’ve cut our deficits by more than half.  More than 8 million Americans have signed up for private insurance plans through the Affordable Care Act.  (Applause.)  So here in Minnesota, you can now say that the women are strong, the men are good-looking, the children are above average, and 95 percent of you are insured.  (Applause.) 
And it’s thanks to the hard work of citizens like Rebekah and Ben and so many of you that we’ve come farther, we’ve recovered faster than just about any other advanced economy on Earth.  More and more companies are deciding that the world’s number-one place to create jobs and invest is once again the United States of America.  (Applause.)  That’s the good news.  And you don’t hear it very often.
By every economic measure, we are better off now than we were when I took office.  (Applause.)  You wouldn’t know it, but we are.  We’ve made some enormous strides.  But that’s not the end of the story.  We have more work to do. 
It wasn’t the end of Rebekah’s story, because she went on to write in her letter, “We did everything right.  The truth is, in America, where two people have done everything they can to succeed and fight back from the brink of financial ruin -– through job loss and retraining, and kids, and credit card debts that are set up to keep you impoverished forever, and the discipline to stop spending any money on yourselves or take a vacation in five years -- it’s virtually impossible to live a simple middle-class life.”  That’s what Rebekah wrote.  Because their income is eaten up by childcare for Jack and Henry that costs more each month than their mortgage.  And as I was telling Rebekah -- Michelle and I, when we were their age, we had good jobs and we still had to deal with childcare issues and couldn’t figure out how to some months make ends meet. 
They forego vacations so they can afford to pay off student loans and save for retirement.  “Our big splurge,” Rebekah wrote, “is cable TV, so we can follow our beloved Minnesota Wild, and watch Team USA in the Olympics!”  (Applause.)  They go out once a week for pizza or a burger.  But they’re not splurging.  And at the end of the month, things are tight.  And this is like this wonderful young couple, with these wonderful kids, who are really working hard.
And the point is, all across this country, there are people just like that, all in this audience.  You’re working hard, you’re doing everything right.  You believe in the American Dream.  You’re not trying to get fabulously wealthy.  You just want a chance to build a decent life for yourselves and your families, but sometimes it feels like the odds are rigged against you.   
And I think sometimes what it takes for somebody like Rebekah to sit down and write one of these letters.  And I believe that even when it’s heartbreaking and it’s hard, every single one of those letters is by definition an act of hope. 
Because it’s a hope that the system can listen, that somebody is going to hear you; that even when Washington sometimes seems tone deaf to what’s going on in people’s lives and around kitchen tables, that there’s going to be somebody who’s going to stand up for you and your family. 
And that’s why I’m here -- because I want to let Rebekah know, and I wanted to let all of you know that -- because you don’t see it on TV sometimes.  It’s not what the press and the pundits talk about.  I’m here to tell you I’m listening, because you’re the reason I ran for President.  (Applause.)  Because those stories are stories I’ve lived.  The same way that when I saw those young teenage moms, I thought of my mother.  And when I see Rebekah and Ben, I think of our struggles when Malia and Sasha were young.  And they’re not distant from me and everything we do.
I ran for President because I believe this country is at its best when we’re all in it together and when everybody has a fair shot, and everybody is doing their fair share.  (Applause.)  And the reason I believe that is because that’s how I came here.  That’s how I got here.  That’s how Michelle and I were able to succeed.  (Applause.)  And I haven’t forgotten. 
And so even though you may not read about it or see it on TV all the time, our agenda, what we’re fighting for every day, is designed not to solve every problem, but to help just a little bit.  To create more good jobs that pay good wages -- jobs in manufacturing and construction; energy and innovation.  That’s why we’re fighting to train more workers to fill those jobs.  That’s why we’re fighting to guarantee every child a world-class education, including early childhood education and better childcare.  (Applause.)  That’s why we’re fighting to make sure hard work pays off with a wage you can live on and savings you can retire on, and making sure that women get paid the same as men for the same job, and folks have flexibility to look after a sick child or a sick parent.  (Applause.) 
That’s what we’re fighting for.  We’re fighting so everybody has a chance.  We’re fighting to vindicate the idea that no matter who you are, or what you look like, or how you grew up, or who you love, or who your parents were, or what your last name is, it doesn’t matter -- America is a place where if you’re doing the right thing, like Ben and Rebekah are, and you’re being responsible and you’re taking care of your family, that you can make it.
And the fact is, we can do that.  If we do some basic things, if we make some basic changes, we can create more jobs and lift more incomes and strengthen the middle class.  And that’s what we should be doing.  And I know it drives you nuts that Washington isn’t doing it.  And it drives me nuts.  (Applause.)  And the reason it’s not getting done is, today, even basic commonsense ideas can’t get through this Congress. 
And sometimes I’m supposed to be politic about how I say things -- (laughter) -- but I’m finding lately that I just want to say what’s on my mind.  (Applause.)  So let me just be clear -- I want you think about this -- so far this year, Republicans in Congress have blocked or voted down every single serious idea to strengthen the middle class.  You may think I’m exaggerating, but let me go through the list.  They’ve said no to raising the minimum wage.  They’ve said no to fair pay.  Some of them have denied that there’s even a problem, despite the fact that women are getting paid 77 cents for every dollar a man is getting paid. 
They’ve said no to extending unemployment insurance for more than three million Americans who are out there looking every single day for a new job, despite the fact that we know it would be good not just for those families who are working hard to try to get back on their feet, but for the economy as a whole.  Rather than invest in working families getting ahead, they actually voted to give another massive tax cut to the wealthiest Americans. 
AUDIENCE:  Booo --
THE PRESIDENT:  Don’t boo, by the way.  I want you to vote.  (Laughter and applause.)  I mean, over and over again, they show that they’ll do anything to keep in place systems that really help folks at the top but don’t help you.  And they don’t seem to mind.  And their obstruction is keeping a system that is rigged against families like Ben’s and Rebekah’s.
Now, I’m not saying these are all bad people; they’re not.  When I’m sitting there just talking to them about family, we get along just fine.  Many of them will acknowledge when I talk to them -- yes, I know, I wish we could do something more, but I can’t -- but they can’t be too friendly towards me because they’d be run out of town by the tea party.  (Laughter.)
 
 But sometimes I get a sense they just don’t know what most folks are going through.  They keep on offering a theory of the economy that time and again failed for the middle class.  They think we should give more tax breaks to those at the top.  They think we should invest less in things like education.  They think we should let big banks, and credit card companies, and polluters, and insurers do only whatever is best for their bottom line without any responsibility to anybody else.  They want to drastically reduce or get rid of the safety net for people trying to work their way into the middle class. 
And if we did all these things, they think the economy will thrive and jobs will prosper, and everything will trickle down.
 
And just because they believe it, it doesn’t mean the rest of us should be believing it -- because we’ve tried what they’re peddling, and it doesn’t work.  We know from our history that our economy does not grow from the top down, it grows from the middle out.  We do better when the middle class does better.  We do better when workers are getting a decent salary.  We do better when they’ve got decent benefits.  (Applause.)  We do better when a young family knows that they can get ahead.  And we do better when people who are working hard know that they can count on decent childcare at an affordable cost, and that if they get sick they’re not going to lose their homes. 
We do better when if somebody is stuck in a job that is not paying well enough, they know they can go get retrained without taking on huge mountains of debt.  That’s when things hum.  And with just a few changes in priorities, we could get a lot of that done right now if Congress would actually just think about you and not about getting reelected, not about the next election, not about some media sound bite, but just focus on you.  (Applause.)
So that’s why I’ve said, look, I want to work with Democrats and Republicans.  My favorite President, by the way, was the first Republican President -- a guy named Abraham Lincoln.  So this is not a statement about partisanship.  This is a statement about America and what we’re fighting for.  And I’m not going to let gridlock and inaction and willful indifference and greed threaten the hard work of families like yours.   And so we can’t afford to wait for Congress right now.  And that’s why I’m going ahead and moving ahead without them wherever I can.  (Applause.) 
That’s why I acted to raise more workers’ wages by requiring federal contractors to pay their employees a fair wage of at least $10.10 an hour.  (Applause.)  That’s why I acted to help nearly five million Americans make student loan payments cap those payments at 10 percent of their income.  That’s why I made sure more women have the protections they need to fight for fair pay in the workplace.  (Applause.)  That’s why we went ahead and launched new hubs to attract more high-tech manufacturing jobs to America.
And, now, some of you may have read -- so we take these actions and then now Republicans are mad at me for taking these actions.  They’re not doing anything, and then they’re mad that I’m doing something.  I’m not sure which of the things I’ve done they find most offensive, but they’ve decided they’re going to sue me for doing my job.  I mean, I might have said in the heat of the moment during one of these debates, “I want to raise the minimum wage, so sue me when I do.”  (Laughter.)  But I didn’t think they were going to take it literally.
But giving more working Americans a fair shot is not about simply what I can do -- it’s about what we can do together.  So when Congress doesn’t act, not only have I acted, I’ve also tried to rally others to help.  I told CEOs, and governors, and mayors, and state legislatures, for example, they don’t have to wait for Congress to raise the minimum wage.  Go ahead and raise your workers’ wages right now.  And since I first asked Congress to raise the minimum wage, 13 states and D.C. have raised theirs, including Minnesota, where more than 450,000 of your neighbors are poised to get a raise.  (Applause.) 
When Gap raised wages for its employees, job applications went up through the roof.  It was good for business.  I even got a letter from a proud mom right here in Minneapolis who just wanted me to know that her son starts his employees at $15 an hour, at Aaron’s Green Cleaning here in town.  (Applause.)  There they are!  (Applause.)  So the letter said, “We are very proud of his people-centered business philosophy!  Three cheers for a decent living wage!” 
So we don’t have to wait for Congress to do some good stuff.  On Monday, we held the first-ever White House Summit on Working Families, and we heard from a lot of other families like Ben and Rebekah.  They count on policies like paid leave and workplace flexibility to juggle everything.  We had business owners who came and told me they became more profitable when they made family life easier for their employees. 
So more companies are deciding that higher wages and workplace flexibility is good for business -- it reduces turnover, more productive workers, more loyal workers.  More cities and states are deciding this is good policy for families.  So the only holdout standing in the way of change for tens of millions of Americans are some Republicans in Congress. 
Because I just want to be real blunt:  If you watch the news, you just see, okay, Washington is a mess, and the basic attitude is everybody is just crazy up there.  But if you actually read the fine print, it turns out that the things you care about right now Democrats are promoting.  (Applause.)  And we’re just not getting enough help. 
And my message to Republicans is:  Join us.  Get on board.  If you’re mad at me for helping people on my own, then why don’t you join me and we’ll do it together?  (Applause.)  We’ll do it together.  I’m happy to share the credit.  You’re mad at me for doing some things to raise the minimum wage, let’s pass a law -- Republicans and Democrats giving America a raise. 
If you’re mad at me for taking executive action to make it easier for women to find out if they’re not getting treated fairly in the workplace, let’s do it together.  You can share the credit.  (Applause.)  You’re worried about me trying to fix a broken immigration system, let’s hold hands and go ahead and make sure that this country continues to be a nation of laws and a nation of immigrants.  I want to work with you, but you’ve got to give me something.  You’ve got to try to deliver something -- anything.  (Applause.) 
They don’t do anything -- (laughter) -- except block me.  And call me names.  It can’t be that much fun.  (Laughter.)  It’d be so much more fun if they said, you know what, let’s do something together.  If they were more interested in growing the economy for you, and the issues that you’re talking about, instead of trying to mess with me -- (laughter) -- then we’d be doing a lot better.  That’s what makes this country great, is when we’re all working together.  That’s the American way. 
Now more than ever, with the 4th of July next week, Team USA moving on down in Brazil -- (applause) -- we should try to rally around some economic patriotism that says we rise or fall as one nation and one people.  Let’s rally around the idea that instead of giving tax breaks for millionaires, let’s give more tax breaks for working families to help pay for childcare or college.  (Applause.) 
Instead of protecting companies that are shifting profits overseas to avoid paying their fair share, let’s put people to work rebuilding our roads and our bridges and our airports.  (Applause.)  Let’s invest in manufacturing startups so that we’re creating good jobs making products here in America, here in Minnesota.  (Applause.)  Rather than stack the deck in favor of those who have already got an awful lot, let’s help folks who have huge talent and potential and ingenuity but just need a little bit of a hand up so that we can tap the potential of every American. 
I mean, this isn’t rocket science.  There are some things that are complicated -- this isn’t one of them.  Let’s make sure every 4-year-old in America has access to high school -- high-quality preschool -- (applause) -- so that moms like Rebekah and dads like Ben know their kids are getting the best quality care and getting a head start on life.  Let’s redesign our high schools to make sure that our kids are better prepared for the 21st century economy.  Let’s follow the lead of Senator Franken and Secretary Perez and give more apprenticeships that connect young people to rewarding careers.  (Applause.)
Let’s tell every American if they’ve lost their job because it was shipped overseas, we’re going to train you for an even better one.  (Applause.)  Let’s rally around the patriotism that says our country is stronger when every American can count on affordable health insurance and Medicare and Social Security, and women earn pay equal to their efforts, and family can make ends meet if their kid get sick, and when nobody who works full-time is living in poverty.  We can do all these things. 
And so let me just -- let me wrap up by saying this.  I know sometimes things get kind of discouraging.  And I know that our politics looks profoundly broken, and Washington looks like it’s never going to deliver for you.  It seems like they’re focused on everything but your concerns.  And I know that when I was elected in 2008 and then reelected in 2012, so many of you were hoping that we could get Washington to work differently, and sometimes when I get stymied you’d think, oh, maybe not; maybe it’s just too tough, maybe things won’t change.  And I get that frustration.  And the critics and the cynics in Washington, they’ve written me off more times than I can count. 
But I’m here to tell you, don’t get cynical.  Despite all of the frustrations, America is making progress.  Despite the unyielding opposition, there are families who have health insurance now who didn’t have it before.  And there are students in college who couldn’t afford it before.  And there are workers on the job who didn’t have jobs before.  And there are troops home with their families after serving tour after tour.  (Applause.)  Don’t think that we’re not making progress. 
So, yes, it’s easy to be cynical; in fact, these days it’s kind of trendy.  Cynicism passes off for wisdom.  But cynicism doesn’t liberate a continent.  Cynicism doesn’t build a transcontinental railroad.  Cynicism doesn’t send a man to the moon.  Cynicism doesn’t invent the Internet.  Cynicism doesn’t give women the right to vote.  Cynicism doesn’t make sure that people are treated equally regardless of race. 
Cynicism is a choice, and hope is a better choice.  And every day I’m lucky to receive thousands of acts of hope -- every time somebody sits down and picks up a pen, and writes to me and shares their story, just like Rebekah did.  And Rebekah said in her letter -- she ended it, she said, “I’m pretty sure this is a silly thing to do to write a letter to the President, but on some level I know that staying silent about what you see and what needs changing, it never makes any difference.  So I’m writing to you to let you know what it’s like for us out here in the middle of the country, and I hope you will listen.” 
And I’m here because Rebekah wrote to me and I want her to know I’m listening.  I’m here as President, because I want you all to know that I’m listening.  (Applause.)  I ran for office to make sure that anybody who is working hard to meet their dreams has somebody in Washington that is listening.  And I’m always going to keep listening.  And I’m always going to keep fighting.  (Applause.) 
And your cares and your concerns are my own, and your hopes for your kids and your grandkids are my own.  And I’m always going to be working to restore the American Dream for everybody who’s willing to work for it.  (Applause.)  And I am not going to get cynical; I’m staying hopeful, and I hope you do too. 
Thank you.  God bless you.  God bless America.  (Applause.) 
END
10:50 A.M. CDT

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