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Posts Tagged ‘President Obama’

President Obama’s Addresses Jobs and Growth at November 9 Press Conference

Posted by Hopeton on November 16, 2012

Enclosed are the remarks of President Barack Obama from a press conference on November 9.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Thank you very much, everybody.  Thank you.


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Is President Obama Doing a Good Job Managing the Economy?

Posted by Hopeton on June 18, 2011

Make your opinion known at by voting yes or no.  Find the poll on copinionation by searching for Obama.

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President Obama’s Message for National Financial Literacy Month

Posted by Hopeton on April 14, 2011

Presidential Proclamation–National Financial Literacy Month

A Proclamation

Americans’ ability to build a secure future for themselves and their families requires the navigation of an increasingly complex financial system. As we recover from the worst economic crisis in generations, it is more important than ever to be knowledgeable about the consequences of our financial decisions. During National Financial Literacy Month, we recommit to improving financial literacy and ensuring all Americans have access to trustworthy financial services and products.

President Barack Obama

The financial crisis was fueled by a lack of responsibility from Wall Street to Washington. It devastated ordinary Americans, many of whom were caught by hidden fees and penalties or saddled with loans they could not afford. Preventing a recurrence will require both better behavior and oversight on Wall Street and more informed decisionmaking on Main Street and in homes across our country. To lay the foundation for continued prosperity, we must expand the availability of financial products and services that are fair, affordable, understandable, and reliable. We must also strive to ensure all Americans have the skills to manage their fiscal resources effectively and avoid deceptive or predatory practices.

Building on the important protections in the Credit Card Accountability, Responsibility, and Disclosure Act, the Dodd‑Frank Wall Street Reform and Consumer Protection Act, which I signed into law last year, will help restore financial stability by enforcing the strongest consumer financial protections in history. This Act created the Consumer Financial Protection Bureau, an agency with one job — to look out for the interests of Americans as they interact with the financial system. My Administration also established the President’s Advisory Council on Financial Capability to assist the American people in understanding and addressing financial matters and to identify effective approaches to increase financial capability through education and access. Additionally, the National Strategy for Financial Literacy provides a new framework for strategic coordination and an overarching financial literacy strategy.

While our Government is taking decisive action to promote financial stability, our Nation’s prosperity will ultimately depend on our willingness as individuals to empower ourselves and our families with financial knowledge. For more information on improving financial literacy, concerned individuals may visit or, or call toll-free 1‑888‑MyMoney for guidance and resources.

NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim April 2011 as National Financial Literacy Month. I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices.

IN WITNESS WHEREOF, I have hereunto set my hand this thirty-first day of March, in the year of our Lord two thousand eleven, and of the Independence of the United States of America the two hundred and thirty-fifth.


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Obama Speaks on Jobs and Economy

Posted by Hopeton on August 9, 2010

The following remarks were excerpted  from a speech President Obama gave on the state of the economy and the jobs market after the U.S. Bureau of Labor Statistics released the July unemployment numbers on August 6 in Washington D.C. July unemployment was 9.5%.

We know from economic statistics what the stories of America’s families have been telling us for quite some time -– that the recession that we’re still recovering from is the most serious downturn since the Great Depression.  We also know, from studying the lessons of past recessions, that climbing out of any recession, much less a hole as deep as this one, takes some time.  The road to recovery doesn’t follow a straight line.  Some sectors bounce back faster than others.

President Obama

So what we need to do is keep pushing forward.  We can’t go backwards.  This morning, the Department of Labor released its monthly jobs report, showing that July marked the seventh straight month of job creation in the private sector.  So jobs have been growing in the private sector for seven straight months.

July’s jobs numbers reflect, in part, expected losses related to the census winding down.  But the fact is, we’ve now added private sector jobs every month this year, instead of losing them, as we did for the first seven months of last year.  And that’s a good sign.  (Applause.)

Meanwhile, our manufacturing sector that’s been hit hard for as long as folks can remember has actually added 183,000 jobs so far this year.  That’s the most robust seven months of manufacturing growth in over a decade.  (Applause.)

Just this morning, there was a report about the growing trend of manufacturing plants returning to the United States from overseas, instead of the other way around.

Same time, each of the Big Three automakers -– Ford, GM, and Chrysler -– two of which were on the verge of bankruptcy a little over a year ago, a liquidation bankruptcy that would have destroyed those companies –- all three U.S. automakers are now posting a profit for the first time since 2004.  (Applause.)  And since they emerged from bankruptcy, the auto industry as a whole has added 76,000 jobs.  So there’s some good trends out there.

That’s the good news.  But for America’s workers, families, and small businesses, progress needs to come faster.  Our job is to make sure that happens — not only to lay the foundation for private sector job creation, but also to accelerate hiring to fuel the small businesses that are the engines of growth; to speed our recovery so it reaches the people and places who need relief not a year from now, not six months from now, but now — right now…Click here to read the entire speech.

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