7:09 P.M. EDT
THE PRESIDENT: Mr. Speaker, Mr. Vice President, members of Congress, and
fellow Americans:
Tonight we meet at an urgent time for our country. We continue to face an
economic crisis that has left millions of our neighbors jobless, and a political
crisis that’s made things worse.
This past week, reporters have been asking, “What will this speech mean for
the President? What will it mean for Congress? How will it affect their polls,
and the next election?”
But the millions of Americans who are watching right now, they don’t care
about politics. They have real-life concerns. Many have spent months looking
for work. Others are doing their best just to scrape by -- giving up nights out
with the family to save on gas or make the mortgage; postponing retirement to
send a kid to college.
These men and women grew up with faith in an America where hard work and
responsibility paid off. They believed in a country where everyone gets a fair
shake and does their fair share -- where if you stepped up, did your job, and
were loyal to your company, that loyalty would be rewarded with a decent salary
and good benefits; maybe a raise once in a while. If you did the right thing,
you could make it. Anybody could make it in America.
For decades now, Americans have watched that compact erode. They have seen
the decks too often stacked against them. And they know that Washington has not
always put their interests first.
The people of this country work hard to meet their responsibilities. The
question tonight is whether we’ll meet ours. The question is whether, in the
face of an ongoing national crisis, we can stop the political circus and
actually do something to help the economy. (Applause.) The question is -- the
question is whether we can restore some of the fairness and security that has
defined this nation since our beginning.
Those of us here tonight can’t solve all our nation’s woes. Ultimately, our
recovery will be driven not by Washington, but by our businesses and our
workers. But we can help. We can make a difference. There are steps we can
take right now to improve people’s lives.
I am sending this Congress a plan that you should pass right away. It’s
called the American Jobs Act. There should be nothing controversial about this
piece of legislation. Everything in here is the kind of proposal that’s been
supported by both Democrats and Republicans -- including many who sit here
tonight. And everything in this bill will be paid for. Everything.
(Applause.)
The purpose of the American Jobs Act is simple: to put more people back to
work and more money in the pockets of those who are working. It will create
more jobs for construction workers, more jobs for teachers, more jobs for
veterans, and more jobs for long-term unemployed. (Applause.) It will provide
-- it will provide a tax break for companies who hire new workers, and it will
cut payroll taxes in half for every working American and every small business.
(Applause.) It will provide a jolt to an economy that has stalled, and give
companies confidence that if they invest and if they hire, there will be
customers for their products and services. You should pass this jobs plan right
away. (Applause.)
Everyone here knows that small businesses are where most new jobs begin. And
you know that while corporate profits have come roaring back, smaller companies
haven’t. So for everyone who speaks so passionately about making life easier
for “job creators,” this plan is for you. (Applause.)
Pass this jobs bill -- pass this jobs bill, and starting tomorrow, small
businesses will get a tax cut if they hire new workers or if they raise workers’
wages. Pass this jobs bill, and all small business owners will also see their
payroll taxes cut in half next year. (Applause.) If you have 50 employees --
if you have 50 employees making an average salary, that’s an $80,000 tax cut.
And all businesses will be able to continue writing off the investments they
make in 2012.
It’s not just Democrats who have supported this kind of proposal. Fifty
House Republicans have proposed the same payroll tax cut that’s in this plan.
You should pass it right away. (Applause.)
Pass this jobs bill, and we can put people to work rebuilding America.
Everyone here knows we have badly decaying roads and bridges all over the
country. Our highways are clogged with traffic. Our skies are the most
congested in the world. It’s an outrage.
Building a world-class transportation system is part of what made us a
economic superpower. And now we’re going to sit back and watch China build
newer airports and faster railroads? At a time when millions of unemployed
construction workers could build them right here in America? (Applause.)
There are private construction companies all across America just waiting to
get to work. There’s a bridge that needs repair between Ohio and Kentucky
that’s on one of the busiest trucking routes in North America. A public transit
project in Houston that will help clear up one of the worst areas of traffic in
the country. And there are schools throughout this country that desperately
need renovating. How can we expect our kids to do their best in places that are
literally falling apart? This is America. Every child deserves a great school
-- and we can give it to them, if we act now. (Applause.)
The American Jobs Act will repair and modernize at least 35,000 schools. It
will put people to work right now fixing roofs and windows, installing science
labs and high-speed Internet in classrooms all across this country. It will
rehabilitate homes and businesses in communities hit hardest by foreclosures.
It will jumpstart thousands of transportation projects all across the country.
And to make sure the money is properly spent, we’re building on reforms we’ve
already put in place. No more earmarks. No more boondoggles. No more bridges
to nowhere. We’re cutting the red tape that prevents some of these projects
from getting started as quickly as possible. And we’ll set up an independent
fund to attract private dollars and issue loans based on two criteria: how
badly a construction project is needed and how much good it will do for the
economy. (Applause.)
This idea came from a bill written by a Texas Republican and a Massachusetts
Democrat. The idea for a big boost in construction is supported by America’s
largest business organization and America’s largest labor organization. It’s
the kind of proposal that’s been supported in the past by Democrats and
Republicans alike. You should pass it right away. (Applause.)
Pass this jobs bill, and thousands of teachers in every state will go back to
work. These are the men and women charged with preparing our children for a
world where the competition has never been tougher. But while they’re adding
teachers in places like South Korea, we’re laying them off in droves. It’s
unfair to our kids. It undermines their future and ours. And it has to stop.
Pass this bill, and put our teachers back in the classroom where they belong.
(Applause.)
Pass this jobs bill, and companies will get extra tax credits if they hire
America’s veterans. We ask these men and women to leave their careers, leave
their families, risk their lives to fight for our country. The last thing they
should have to do is fight for a job when they come home. (Applause.)
Pass this bill, and hundreds of thousands of disadvantaged young people will
have the hope and the dignity of a summer job next year. And their parents --
(applause) -- their parents, low-income Americans who desperately want to work,
will have more ladders out of poverty.
Pass this jobs bill, and companies will get a $4,000 tax credit if they hire
anyone who has spent more than six months looking for a job. (Applause.) We
have to do more to help the long-term unemployed in their search for work. This
jobs plan builds on a program in Georgia that several Republican leaders have
highlighted, where people who collect unemployment insurance participate in
temporary work as a way to build their skills while they look for a permanent
job. The plan also extends unemployment insurance for another year.
(Applause.) If the millions of unemployed Americans stopped getting this
insurance, and stopped using that money for basic necessities, it would be a
devastating blow to this economy. Democrats and Republicans in this chamber
have supported unemployment insurance plenty of times in the past. And in this
time of prolonged hardship, you should pass it again -- right away.
(Applause.)
Pass this jobs bill, and the typical working family will get a $1,500 tax cut
next year. Fifteen hundred dollars that would have been taken out of your
pocket will go into your pocket. This expands on the tax cut that Democrats and
Republicans already passed for this year. If we allow that tax cut to expire --
if we refuse to act -- middle-class families will get hit with a tax increase at
the worst possible time. We can’t let that happen. I know that some of you
have sworn oaths to never raise any taxes on anyone for as long as you live.
Now is not the time to carve out an exception and raise middle-class taxes,
which is why you should pass this bill right away. (Applause.)
This is the American Jobs Act. It will lead to new jobs for construction
workers, for teachers, for veterans, for first responders, young people and the
long-term unemployed. It will provide tax credits to companies that hire new
workers, tax relief to small business owners, and tax cuts for the middle
class. And here’s the other thing I want the American people to know: The
American Jobs Act will not add to the deficit. It will be paid for. And here’s
how. (Applause.) The agreement we passed in July will cut government
spending by about $1 trillion over the next 10 years. It also charges this
Congress to come up with an additional $1.5 trillion in savings by Christmas.
Tonight, I am asking you to increase that amount so that it covers the full cost
of the American Jobs Act. And a week from Monday, I’ll be releasing a more
ambitious deficit plan -- a plan that will not only cover the cost of this jobs
bill, but stabilize our debt in the long run. (Applause.)
This approach is basically the one I’ve been advocating for months. In
addition to the trillion dollars of spending cuts I’ve already signed into law,
it’s a balanced plan that would reduce the deficit by making additional spending
cuts, by making modest adjustments to health care programs like Medicare and
Medicaid, and by reforming our tax code in a way that asks the wealthiest
Americans and biggest corporations to pay their fair share. (Applause.) What’s
more, the spending cuts wouldn’t happen so abruptly that they’d be a drag on our
economy, or prevent us from helping small businesses and middle-class families
get back on their feet right away.
Now, I realize there are some in my party who don’t think we should make any
changes at all to Medicare and Medicaid, and I understand their concerns. But
here’s the truth: Millions of Americans rely on Medicare in their retirement.
And millions more will do so in the future. They pay for this benefit during
their working years. They earn it. But with an aging population and rising
health care costs, we are spending too fast to sustain the program. And if we
don’t gradually reform the system while protecting current beneficiaries, it
won’t be there when future retirees need it. We have to reform Medicare to
strengthen it. (Applause.)
I am also -- I’m also well aware that there are many Republicans who don’t
believe we should raise taxes on those who are most fortunate and can best
afford it. But here is what every American knows: While most people in this
country struggle to make ends meet, a few of the most affluent citizens and most
profitable corporations enjoy tax breaks and loopholes that nobody else gets.
Right now, Warren Buffett pays a lower tax rate than his secretary -- an outrage
he has asked us to fix. (Laughter.) We need a tax code where everyone gets a
fair shake and where everybody pays their fair share. (Applause.) And by the
way, I believe the vast majority of wealthy Americans and CEOs are willing to do
just that if it helps the economy grow and gets our fiscal house in
order.
I’ll also offer ideas to reform a corporate tax code that stands as a
monument to special interest influence in Washington. By eliminating pages of
loopholes and deductions, we can lower one of the highest corporate tax rates in
the world. (Applause.) Our tax code should not give an advantage to companies
that can afford the best-connected lobbyists. It should give an advantage to
companies that invest and create jobs right here in the United States of
America. (Applause.)
So we can reduce this deficit, pay down our debt, and pay for this jobs plan
in the process. But in order to do this, we have to decide what our priorities
are. We have to ask ourselves, “What’s the best way to grow the economy and
create jobs?”
Should we keep tax loopholes for oil companies? Or should we use that money
to give small business owners a tax credit when they hire new workers? Because
we can’t afford to do both. Should we keep tax breaks for millionaires and
billionaires? Or should we put teachers back to work so our kids can graduate
ready for college and good jobs? (Applause.) Right now, we can’t afford to do
both.
This isn’t political grandstanding. This isn’t class warfare. This is
simple math. (Laughter.) This is simple math. These are real choices. These
are real choices that we’ve got to make. And I’m pretty sure I know what most
Americans would choose. It’s not even close. And it’s time for us to do what’s
right for our future. (Applause.)
Now, the American Jobs Act answers the urgent need to create jobs right
away. But we can’t stop there. As I’ve argued since I ran for this office, we
have to look beyond the immediate crisis and start building an economy that
lasts into the future -- an economy that creates good, middle-class jobs that
pay well and offer security. We now live in a world where technology has made
it possible for companies to take their business anywhere. If we want them to
start here and stay here and hire here, we have to be able to out-build and
out-educate and out-innovate every other country on Earth. (Applause.)
And this task of making America more competitive for the long haul, that’s a
job for all of us. For government and for private companies. For states and
for local communities -- and for every American citizen. All of us will have to
up our game. All of us will have to change the way we do business.
My administration can and will take some steps to improve our competitiveness
on our own. For example, if you’re a small business owner who has a contract
with the federal government, we’re going to make sure you get paid a lot faster
than you do right now. (Applause.) We’re also planning to cut away the red
tape that prevents too many rapidly growing startup companies from raising
capital and going public. And to help responsible homeowners, we’re going to
work with federal housing agencies to help more people refinance their mortgages
at interest rates that are now near 4 percent. That’s a step -- (applause) -- I
know you guys must be for this, because that’s a step that can put more than
$2,000 a year in a family’s pocket, and give a lift to an economy still burdened
by the drop in housing prices.
So, some things we can do on our own. Other steps will require congressional
action. Today you passed reform that will speed up the outdated patent process,
so that entrepreneurs can turn a new idea into a new business as quickly as
possible. That’s the kind of action we need. Now it’s time to clear the way for
a series of trade agreements that would make it easier for American companies to
sell their products in Panama and Colombia and South Korea -– while also helping
the workers whose jobs have been affected by global competition. (Applause.)
If Americans can buy Kias and Hyundais, I want to see folks in South Korea
driving Fords and Chevys and Chryslers. (Applause.) I want to see more
products sold around the world stamped with the three proud words: “Made in
America.” That’s what we need to get done. (Applause.)
And on all of our efforts to strengthen competitiveness, we need to look for
ways to work side by side with America’s businesses. That’s why I’ve brought
together a Jobs Council of leaders from different industries who are developing
a wide range of new ideas to help companies grow and create jobs.
Already, we’ve mobilized business leaders to train 10,000 American engineers
a year, by providing company internships and training. Other businesses are
covering tuition for workers who learn new skills at community colleges. And
we’re going to make sure the next generation of manufacturing takes root not in
China or Europe, but right here, in the United States of America. (Applause)
If we provide the right incentives, the right support -- and if we make sure our
trading partners play by the rules -- we can be the ones to build everything
from fuel-efficient cars to advanced biofuels to semiconductors that we sell all
around the world. That’s how America can be number one again. And that’s how
America will be number one again. (Applause.)
Now, I realize that some of you have a different theory on how to grow the
economy. Some of you sincerely believe that the only solution to our economic
challenges is to simply cut most government spending and eliminate most
government regulations. (Applause.) Well, I agree that we can’t afford
wasteful spending, and I’ll work with you, with Congress, to root it out. And I
agree that there are some rules and regulations that do put an unnecessary
burden on businesses at a time when they can least afford it. (Applause.)
That’s why I ordered a review of all government regulations. So far, we’ve
identified over 500 reforms, which will save billions of dollars over the next
few years. (Applause.) We should have no more regulation than the health,
safety and security of the American people require. Every rule should meet that
common-sense test. (Applause.)
But what we can’t do -- what I will not do -- is let this economic crisis be
used as an excuse to wipe out the basic protections that Americans have counted
on for decades. (Applause.) I reject the idea that we need to ask people to
choose between their jobs and their safety. I reject the argument that says for
the economy to grow, we have to roll back protections that ban hidden fees by
credit card companies, or rules that keep our kids from being exposed to
mercury, or laws that prevent the health insurance industry from shortchanging
patients. I reject the idea that we have to strip away collective bargaining
rights to compete in a global economy. (Applause.) We shouldn’t be in a race
to the bottom, where we try to offer the cheapest labor and the worst pollution
standards. America should be in a race to the top. And I believe we can win
that race. (Applause.)
In fact, this larger notion that the only thing we can do to restore
prosperity is just dismantle government, refund everybody’s money, and let
everyone write their own rules, and tell everyone they’re on their own -- that’s
not who we are. That’s not the story of America.
Yes, we are rugged individualists. Yes, we are strong and self-reliant. And
it has been the drive and initiative of our workers and entrepreneurs that has
made this economy the engine and the envy of the world.
But there’s always been another thread running throughout our history -- a
belief that we’re all connected, and that there are some things we can only do
together, as a nation.
We all remember Abraham Lincoln as the leader who saved our Union. Founder
of the Republican Party. But in the middle of a civil war, he was also a leader
who looked to the future -- a Republican President who mobilized government to
build the Transcontinental Railroad -- (applause) -- launch the National Academy
of Sciences, set up the first land grant colleges. (Applause.) And leaders of
both parties have followed the example he set.
Ask yourselves -- where would we be right now if the people who sat here
before us decided not to build our highways, not to build our bridges, our dams,
our airports? What would this country be like if we had chosen not to spend
money on public high schools, or research universities, or community colleges?
Millions of returning heroes, including my grandfather, had the opportunity to
go to school because of the G.I. Bill. Where would we be if they hadn’t had
that chance? (Applause.)
How many jobs would it have cost us if past Congresses decided not to support
the basic research that led to the Internet and the computer chip? What kind of
country would this be if this chamber had voted down Social Security or Medicare
just because it violated some rigid idea about what government could or could
not do? (Applause.) How many Americans would have suffered as a result?
No single individual built America on their own. We built it together. We
have been, and always will be, one nation, under God, indivisible, with liberty
and justice for all; a nation with responsibilities to ourselves and with
responsibilities to one another. And members of Congress, it is time for us to
meet our responsibilities. (Applause.)
Every proposal I’ve laid out tonight is the kind that’s been supported by
Democrats and Republicans in the past. Every proposal I’ve laid out tonight
will be paid for. And every proposal is designed to meet the urgent needs of
our people and our communities.
Now, I know there’s been a lot of skepticism about whether the politics of
the moment will allow us to pass this jobs plan -- or any jobs plan. Already,
we’re seeing the same old press releases and tweets flying back and forth.
Already, the media has proclaimed that it’s impossible to bridge our
differences. And maybe some of you have decided that those differences are so
great that we can only resolve them at the ballot box.
But know this: The next election is 14 months away. And the people who sent
us here -- the people who hired us to work for them -- they don’t have the
luxury of waiting 14 months. (Applause.) Some of them are living week to week,
paycheck to paycheck, even day to day. They need help, and they need it
now.
I don’t pretend that this plan will solve all our problems. It should not be,
nor will it be, the last plan of action we propose. What’s guided us from the
start of this crisis hasn’t been the search for a silver bullet. It’s been a
commitment to stay at it -- to be persistent -- to keep trying every new idea
that works, and listen to every good proposal, no matter which party comes up
with it.
Regardless of the arguments we’ve had in the past, regardless of the
arguments we will have in the future, this plan is the right thing to do right
now. You should pass it. (Applause.) And I intend to take that message to
every corner of this country. (Applause.) And I ask -- I ask every American
who agrees to lift your voice: Tell the people who are gathered here tonight
that you want action now. Tell Washington that doing nothing is not an option.
Remind us that if we act as one nation and one people, we have it within our
power to meet this challenge.
President Kennedy once said, “Our problems are man-made –- therefore they can
be solved by man. And man can be as big as he wants.”
These are difficult years for our country. But we are Americans. We are
tougher than the times we live in, and we are bigger than our politics have
been. So let’s meet the moment. Let’s get to work, and let’s show the world
once again why the United States of America remains the greatest nation on
Earth. (Applause.)
Thank you very much. God bless you, and God bless
the United States of America. (Applause.)
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Sources: White House Youtube catch4all.com,
Sandra Englund, September10, 2011 |
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