The White House

Office of the Press Secretary

Remarks by the President at a Campaign Event

Julia Morgan Ballroom
San Francisco, California

2:28 P.M. PDT

THE PRESIDENT:  Willie Mays, everybody, the “Say Hey Kid.”  (Applause.)  Thank you so much, everybody.  Everybody, have a seat.  

First of all, it is true that they provide me with this really nice plane in this job.  (Laughter.)  But as cool as Air Force One is, it is much, much cooler when Willie Mays is with you on the plane.  (Laughter.)  I am so grateful to him for his support, but more importantly -- he mentioned obviously the history that was made with my election.  The fact is, is that we don’t make that history unless there are people like Jackie Robinson and Willie Mays, who helped to lay the groundwork -- (applause) -- helped to lay the groundwork for a more inclusive America.  And so we could not be prouder of him, and he could not be more gracious.

A couple of other people I want to acknowledge -- your outstanding Governor of the great state of California, Jerry Brown.  There he is.  (Applause.)  Your equally dynamic Lieutenant Governor, Gavin Newsom, is in the house.  (Applause.) The wonderful Mayor of San Francisco, Ed Lee -- give him a big round of applause.  (Applause.)

I want to thank Clint and Janet Reilly for hosting us here today.  We are in their spot and we are very grateful.  You can give them a round of applause.  (Applause.)
 
And we’ve got a guy who I guess is a little bit of a carpetbagger here today.  (Laughter.)  He is former chairman of the DNC, former governor of Virginia, now running for the United States Senate in Virginia, but is also one of my dearest friends. This was the first guy outside of Illinois, the first elected official outside of Illinois to endorse my candidacy for President.  And we made that announcement together in Richmond, the seat of the former Confederacy.  And this was at a time when Barack Hussein Obama was not favored to win.  (Laughter.)  And so he is a man of character.  And I would urge all of you to get to know his incredible track record and support his terrific efforts in Virginia.  Please give Tim Kaine a big round of applause.  (Applause.)

So it is good to be back in San Francisco.  I’ve noticed I’ve been getting very good weather in San Francisco.  (Laughter.)  I don’t know if Ed or Gavin or somebody is arranging this, but it’s always spectacular to be here among so many friends, a lot of people who supported me in the past.

I’m here not just because I need your help, but because the country needs your help.  And when we came together in 2008, like Tim, you didn’t do it because you thought I was necessarily the odds on favorite.  But we came together, because there was a sense that those core values that we hold dear, the things that make America special -- the values that helped to expand opportunity for people from every walk of life and from all over the world -- that those values had eroded a little bit, that they weren’t being observed in Washington the way we’d like them to be.

We had seen surpluses turned into yawning deficits because of tax cuts for people who didn’t need them and weren’t even asking for them.  We had seen two wars fought on a credit card.  We had seen an economy that was increasingly built on financial speculation as opposed to us making stuff, and manufacturing was consistently moving offshore.  And we’d gotten a sense that for a few people things were going really well, but an expanding number of Americans were having more and more trouble getting by, with the cost of everything from health care to college education skyrocketing, even as wages and incomes were flat.
 
And so there was the sense that the core of the American Dream, the idea that anybody can make it if they try, regardless of what they look like, where they come from, who they love -- that everybody has a stake, everybody has a piece in this exceptional, extraordinary country -- that that was slipping away from too many people. 

Now, we didn’t know at the time that we were going to be facing the worst economic crisis in most of our lifetimes -- we had already lost $4 million jobs before I sworn in and we’d lose 800,000 jobs the month I was sworn in.  But we understood what was at stake.  And what we also understood was the incredible strength and resilience of the American people. 

And so, we made some tough policy decisions.  We did some things that weren’t always popular.  There were those who said, let Detroit go bankrupt -- but we made our bet on the American worker and American businesses.  And now, GM is back on top and the American auto industry is actually hiring again.  (Applause.)

We helped stabilize the financing system and made sure that small businesses were getting loans, and teachers and firefighters, police officers could stay on the job.  But part of the reason that we’ve been able to weather this storm is just because the American people are tough.  And the tougher the times, the tougher they get.

So one of the privileges of being President is you travel all around the country and you meet the small business owner who kept their business open and their employees on their payroll, even if it meant that for a year or two they weren’t making any money, they weren’t taking anything home.  That’s how important those workers were to them. 

Or you’ll meet the 55-year-old who got laid off of their job, had been working on an assembly line all their lives and now suddenly had to retrain, and then going back and discovering how much they enjoyed working in the health care sector, caring for people who really needed care.

You saw all across the country people buckle down and make adjustments and businesses getting back to basics.  And because of the extraordinary talents and gifts and resilience of the American people, we’ve been able to create more than 4.3 million jobs since we started growing this economy together -- over 800,000 in the last few months alone.  We’ve been able to make sure that manufacturing is growing faster than at any time since the 1990s.  

We’ve been able to stabilize the situation, but we also understand that a lot of folks are still hurting out there, that too many people’s homes are still underwater, and that too many people who want to work, even if they’ve got a job, aren’t working full-time or don’t have the benefits that they need to make sure that they can care for their families.

And that’s why, in some ways, 2012 is even more important than 2008 -- because, for all the extraordinary work we’ve been able to do over the last three and a half years, we’re not where we need to be yet.  We’ve got to finish what we started.  And that’s why I’m running again for President of the United States of America.  (Applause.)

Now, it’s also important because we probably won’t see another election that presents a greater contrast between the parties and between the candidates.  When I ran in 2008, I was running against a guy who I had a lot of disagreements with, but he believed in climate change, he believed in campaign finance reform, he believed in immigration reform.  The character of the party and the Republicans in Congress had fundamentally shifted.

What are they offering?  They’re offering not just the Bush tax cuts, but an additional $5 trillion in tax cuts for folks who don’t need them oftentimes.  And we know it will blow up the deficit, but their theory is – Governor Romney’s theory, the Republican leadership in Congress’s theory -- is that the economy grows best when we are all on our own, when the market is king, and regulations are stripped away and people can do what they please. 

And we deeply believe in the free markets and we deeply believe in risk-takers and innovators being rewarded -- and there’s no place that innovates like northern California.  But we all recognize that the way America became great, the way it became an economic superpower, is because, for all our individual initiative, for all our rugged individualism, there were some things that we do better together. 

We understand that we’ve got to make investments in making sure that every child can learn.  And that’s why we created public schools and great public universities and colleges.  And we understand that’s not just good for those kids, it’s not just good for our kids; it’s good for everybody if we’ve got the most highly skilled, highly trained workforce in the world. 

It’s the reason we built amazing infrastructure -- the Hoover Dam or the Golden Gate Bridge -- because we understood that that creates jobs not just for the folks who build it, but creates a platform for success for generations to come.  It’s the reason why we invest in things like DARPA that helps to create the Internet.  No individual might have made that investment, but because together we made that investment, entire new industries have been formed.  We understand that there are some things we do better together, and that’s the reason why America became the singular economic power that it’s become. 

So there are two fundamentally contrasting visions.  And I have to tell you that there was a time when there was a consensus between Democrats and Republicans.  Republicans might want slightly lower taxes and slightly less spending, Democrats might be more concerned about certain social investments, but there was a general consensus that all of us had to think not just about ourselves but about the good of the country and the future.  And that’s changed on the other side. 

And you see it in this campaign, and you see it in the behavior of the current Congress.  You see it when they, as I said before, suggest that the way to balance a budget is to cut taxes further -- $5 trillion for folks who don’t need it -- and then, presumably, eliminate $5 trillion worth of basic medical research, $5 trillion of Head Start programs or Pell grants for young people, or the kind of infrastructure that will help us -- broadband lines and high-speed rail -- that will help lead us into the 21st century; that potentially makes Medicare a voucher program so that the costs of health care are shifted on to seniors as opposed to us trying to reduce the cost of health care for everybody. 

And so we are going to be facing a fundamental choice.  And I want this to be a fulsome debate.  I want the American people to hear exactly what they’re getting if the other side prevails, and what they’re going to be getting if I prevail.  Because I’ve been pretty clear about what I believe, and we’ve implemented a whole bunch of stuff which is reflective of the values that I think have made this country great. 

People ask me sometimes, well, how does this campaign compare to 2008?  I say, if somebody asks you, you tell them it’s still about hope and change.  And if you want to know what change is, change is the first bill that I signed into law that said -- the Lilly Ledbetter law that says an equal day’s work deserves an equal day’s pay, and that our daughters should be treated the same way as our sons.  (Applause.)

Change is making sure that not only are we attracting manufacturing back to our shores, but we're investing in advanced manufacturing -- in areas like advanced battery technology, or solar energy, or wind power -- that will not only usher in tens of thousands, hundreds of thousands of new jobs all across America but are also going to make sure that we are passing on to our kids and our grandkids the kind of planet that they deserve.

That's why we doubled fuel-efficiency standards on cars, which means that in the middle of the next decade cars are going to be getting 55 miles a gallon -- taking a whole bunch of carbon out of the atmosphere and saving everybody $8,000 for the life of their car.  That's what change looks like.  (Applause.) 

Change is us saying we're going to stop funneling tens of billions of dollars of taxpayer money to banks for running the student loan program -- let's just give that money directly to students, so that millions more young people are getting Pell grants and reducing the burden of debt that they have when they go to college, because we want to make sure that America continues to have the best-educated workforce in the world.  That's what change is.  That's what we've done.  (Applause.) 

Change is making sure that, yes, we passed a health care bill so that 30 million Americans won't be worried about going bankrupt in case they get sick, and now we've got 2.5 million young people who are on their parent's insurance because of this law and millions of seniors who are seeing lower costs for their prescription drugs because of this law.  And everybody is able to get preventive care, and women are no longer being charged more than men for it.  (Applause.)  And they can't drop you from coverage just when you need it most.  (Applause.)  That's what change is. 

Change is ending the war in Iraq -- (applause) -- and winding down the war in Afghanistan, and reestablishing respect for America around the world.  That doesn’t make us less tough.  Because of our efforts, bin Laden is no longer a threat to America, al Qaeda is on its heels.  (Applause.)  And we've done it the right way, in a focused way that abides by rule of law.

And so we have evidence of the possibility of change.  We've seen it over the last three and a half years.  But we're not there yet.  We've got more to do.  We've got more to do to make sure that college is affordable.  We've got more to do to continue to reform our education system K-12, so that we're producing more scientists and engineers and mathematicians, and that every young person has a chance to succeed.

We've got to implement health care reform and make sure that the benefits for families all across the country aren't stripped away.  We don't need to re-argue that battle.  By the way, the last two years -- recent reports show the last two years, health care inflation has gone up at a slower rate than any time in the last 15 years -- (applause) -- in part because we're starting to change how health care is delivered. 

We're going to have to make more progress on clean energy.  We've doubled clean energy production over the last three and a half years.  We've got to do more to make sure that we are the most energy-efficient country in the world.  And we can do it.  If we start retrofitting our buildings, if we start investing in new clean technologies, if we change the incentive structures for businesses, there's no reason why we can't not only grow our economy faster, but also reduce pollution quicker and put hundreds of thousands more people back to work.  (Applause.) 

We've still got to rebuild -- we've got to rebuild our infrastructure in this country.  Now is the time to do it.  We've got deferred maintenance on everything.  And we've got a whole bunch of construction workers out of work and essentially you can borrow zero percent.  (Laughter.)  Why wouldn’t we go ahead and get that done now?  That would boost economic growth now and it would lay the groundwork for economic growth for decades to come. We still need to do that.  (Applause.)

We've still got work to do to make sure that our veterans are served as well as they have served us.  I want to make sure that every single veteran who comes home from Iraq or Afghanistan, that they don't have to fight for a job or a roof over their heads here in the United States of America after they fought for us.  That's work we still have to do.  (Applause.) 

We've got to make sure that women still have the capacity to control their own health care decisions.  (Applause.)  We're not going backwards on that.  We're not getting rid of Planned Parenthood.  (Applause.) 

We're not going to let anybody roll back the decision that says our military cannot be denied the opportunity for service to your country just because of who you love.  We're not re-fighting that battle.  (Applause.)  We are moving forward to fight a battle that says everybody deserves respect, everybody deserves dignity.  (Applause.)

We've got more work to do to make sure that in America everybody has got a fair shot, everybody does their fair share, and everybody is playing by the same rules. 

And that's where you come in.  As much as I appreciate the extraordinary staff I have in the White House and all of the various agencies, I know that the only reason I've gotten this privilege is because of you and the work that you've done.  And this is going to be a tough race, precisely because the economy is not where it needs to be yet.  There are still a lot of folks out there who are struggling.  There's still frustration.  There's still fear and anxiety about the future.  I think it's fair to say that, whether in Virginia or Iowa or North Carolina or California, all across the country there are a lot of folks who are still wondering, are we going to be able to fully deliver that promise of a country that is thriving and has an economy that's built to last -- where if you work hard and you're responsible, you can make it.

And the other side, they don't have any new ideas.  As Bill Clinton said a couple weeks ago, they're just offering more of the same on steroids.  (Laughter.)  And because they don't have any new ideas, what they will do is spend $500, $700, a billion dollars on negative ads and their simple message will be:  This is somebody else's fault, and that's enough reason for you to vote for us.  And if we don't answer them, that can work.

So we're going to have to work hard.  But the good news is that what you taught me in 2008 was that when ordinary people come together, when they decide -- neighbors, friends, coworkers, partners, families -- when folks come together and say, you know what, we see a vision out there, we see a direction for this country, we know what's right, we know what's fair, we know what's just, and we're willing to fight for it -- we're willing to make phone calls and we're willing to knock on doors and we're willing to talk to people, even if you know that they may not agree with us, we're willing to get organized and have our voices heard -- when that happens, despite all the negativity and all the cynicism and all the countervailing forces, guess what -- change happens.  America is transformed.  And what was true then is going to be true this time out. 

I used to tell people -- some of you remember this -- during the campaign in 2008, I'm not a perfect man and I won't be a perfect President.  But I can make you a promise that I'll always tell you what I think, I'll always tell you where I stand, and I'll wake up every single day fighting as hard as I know how for you.  Every morning I'll wake up and every evening I'll go to bed thinking about, how do I make sure that the American people, that they've got a little bit better shot to fulfill their dreams.  And I've kept that promise. 

And what's allowed me to keep that promise is because, as I've traveled all across this country over the last four or five years, I'm never disappointed by the American people.  I'm always amazed by how good and decent they are.  I still believe in you. I hope you still believe in me.  (Applause.)  And if you do, and if we're willing to work for it and show the same determination we did in 2008, I guarantee you we will finish what we started.  (Applause.)  This economy will keep moving.  And we'll remind the world just why it is the United States of America is the greatest nation on Earth.

Thank you, everybody.  (Applause.)  God bless you.  God bless America.  (Applause.) 

END 
2:55 P.M. PDT

The White House

Office of the First Lady

Remarks by the First Lady at a Campaign Event

National Constitution Center
Philadelphia, Pennsylvania 

3:39 P.M. EDT

MRS. OBAMA:  Yes!  (Applause.)  Wow!  Thank you so much.  What a great crowd!  I am beyond  thrilled to be here with all of you today.  Wow! 

Let me start by thanking Erin for that very kind introduction and for all of her terrific work not just on this campaign, but working for our kids.  Let’s give her another round of applause.  Yay, Erin!  (Applause.)  I also want to recognize your outstanding Mayor and my dear friend, Mayor Nutter.  Mr. Mayor.  (Applause.)  I also want to recognize your outstanding District Attorney, Seth Williams, who is here.  (Applause.)  And Kathleen Kane, who is here -- she's going to make an outstanding Attorney General here in Pennsylvania.  (Applause.)   

And finally, I want to thank all of you, our extraordinary volunteers and organizers.  Thank you for everything you all do -- oh, day in and day out -- to make this campaign possible.  Especially you all down there.  (Applause.)  Thank you all.  I want to thank you for doing all that hard work, knocking on those doors, making all those phone calls, registering those voters.  (Applause.)  And I want to thank you for giving folks the information they need about the issues they care about. 

And I want you to know that the kind of grassroots work that you all are doing to get people focused and fired up -- you know, that kind of work -- that work is at the core of this campaign.  It's everything we're about.  And that’s how we did it four years ago; that’s how we’re going to do it again today.  (Applause.)   

And let me tell you something.  What I know is that what you all are doing isn’t easy, that kind of work.  I know that you all are putting in long hours.  And I know that you're doing it although you have busy lives.  I know all of you have families to raise, jobs to do, classes to attend.  But I also know that there is a reason why all of us are here today.  And it’s not just because we all support one extraordinary man -- (applause) -- and I have to admit I’m a little biased about our President.  (Applause.)  And it’s not just because we want to win an election -- which we do.  We’re doing this because of the values we believe in.  We’re doing this because of the vision for this country that we all share. 

We’re doing this because we want all of our children, all of them, to have good schools -- (applause) -- the kind of schools that push them and inspire them, and prepare them for good jobs -- right?  (Applause.)  We want our parents and our  grandparents to retire with dignity -- because we believe that after a lifetime of hard work, they should be able to enjoy their golden years -- right?  (Applause.)  We want to restore that basic middle-class security for our families in this country, because we believe that folks shouldn’t go bankrupt because somebody gets sick, they shouldn’t lose their home because someone loses a job -- right?  (Applause.)   

We believe that responsibility should be rewarded and that hard work should pay off.  We believe that everyone should do their fair share and play by the same rules.  (Applause.)  These are basic American values.  They’re the values that so many of us were raised with, including myself.

You all know my story.  My father was a blue-collar worker at the city water plant.  My family -- we lived in a little- bitty apartment on the South Side of Chicago.  My parents never had the kinds of educational opportunities that me and my brother had.  But let me tell you, growing up, I saw how they saved and they sacrificed, and they poured everything they had into me and my brother -- because they wanted us to have the kind of education they could only dream of. 

And while pretty much all of my college tuition came from student loans and grants -- some of you know how that feels -- (applause) -- my Dad still paid a tiny portion of that tuition himself.  Now, let me tell you, every semester he was determined to pay that bill and pay it on time.  See, because he was so proud to be sending his kids to college.  He couldn’t bear the thought of me or my brother missing that registration deadline because his check was late. 

Like so many people in this country, my father took great pride in being able to earn a living that allowed him to handle his business, to take care of his responsibilities to his family, to pay all of his bills and to pay them on time.  That meant something to my dad. 

And really more than anything else, that's what’s at stake in this election.  That's what this all this work is about.  It’s that fundamental promise that in America, no matter who you are or how you started out, if you work hard you can build a decent life for yourself and an even better life for your kids.  (Applause.)  And it is that promise -- that promise -- that binds us all together as Americans.  It’s what makes us who we are.  It's what makes this country special.   

Now, let me tell you something.  From now until November, Barack needs all of you to get out there and tell everyone you know about our values and about our vision, and about everything that’s at stake in this election.  That's what he needs you to do.  And you can start by telling them how Barack fought for tax cuts for working families and small businesses -- (applause) -- because an economy built to last starts with the middle class and with folks who are creating jobs and putting people back to work. 

And remind people how, back when Barack first took office, our economy was losing an average of 750,000 jobs a month.  That's what he inherited.  But for the past 27 straight months, let them know, we have actually been gaining private sector jobs -- a total of 4 million jobs -- 4 million jobs -- in just two years.  (Applause.)  So while we still have a long way to go to rebuild our economy, today millions -- millions -- of people are collecting a paycheck again.  Millions of people like my dad are able to pay their bills again.  (Applause.)

You can also remind people about how all those folks in Washington were telling Barack to let the auto industry go under -- remember that?

AUDIENCE:  Yes!

MRS. OBAMA:  With more than a million jobs on the line.   But what did your President do?  Barack had the backs of American workers.  He put his faith in the American people.  And as a result, today the auto industry is back on its feet again, and more importantly, people are back at work, providing for their families again.  (Applause.)

And I want you to tell people how, because this administration passed health reform, tell them how insurance companies -- because of that reform, insurance companies will now have to cover preventive care.  (Applause.)  Things like contraception, cancer screenings, prenatal care at no extra cost.  Let them know that because of this reform millions of our senior citizens have saved an average of more than $600 a year on their prescription drugs.  Let them know.  (Applause.)  And our children can now stay on their parent's insurance until they’re 26 years old.  (Applause.)   And that’s how 2.5 million young people are now getting their health care, the care that they need. 

You can also tell people how Barack is working to raise standards in our public schools and make college more affordable for millions of young people, so that by the end of this decade, more Americans will hold a college degree than any other country in the world.  (Applause.)  That’s Barack’s vision for us.

You can tell people how Barack has been fighting for the DREAM Act, because he believes that it is time to stop denying citizenship to responsible young people just because they’re the children of undocumented immigrants.  It’s time to give them a chance.  (Applause.)

You can remind folks that Barack kept his promise to bring our troops home from Iraq.  (Applause.)  And you can remind them about how our brave men and women in uniform brought to justice the man behind the 9/11 attacks.  Remind them about that.  (Applause.)  And also tell them that now our troops do not have to lie about who they are to serve the country they love --because Barack finally ended "don't ask, don't tell."  (Applause.)

And please tell people that it is now easier for women to get equal pay for equal work -- (applause) -- and that’s because of the very first bill Barack signed into law, the Lilly Ledbetter Fair Pay Act.  Remind them about that.  And understand that Barack signed this bill because he knows that closing that pay gap can mean the difference between women losing $50, $100, $500 from each paycheck, or having that money in their pockets to buy gas and groceries and put clothes on the backs of their kids.  He did it because when so many women are now breadwinners for our family, women's success in this economy is the key to families' success in this economy.  (Applause.)  Let them know. 

And finally, don’t forget to tell people about those two brilliant Supreme Court justices that my husband appointed, and how, for the first time in history, our daughters and sons watched three women take their seat on our nation’s highest court.  (Applause.)  Let them know.  We need you to tell them about it.

But we also need to make sure that people know that all of this -- and so much more -- is at stake this November.  It’s all at stake.  And in the end, it all boils down to one simple question:  Will we continue the change we’ve begun and the progress we’ve made, or will we allow everything we’ve fought for to just slip away?  No, we know what we need to do, right?

AUDIENCE:  Yes!

MRS. OBAMA:  We cannot turn back now -- not now.  We have to keep moving forward.  And more than anything else, that's what we’re working for -- the chance to finish what we started; the chance to keep fighting for the values we believe in and the vision that we all share.

And let me tell you, that’s what my husband has been doing every single day as President.  And I have to tell you, over the past three and a half years, I have had the chance to see up close and personal what being President looks like.  So let me tell you what I’ve seen.  I have seen how the issues that come across a President’s desk are always the hard ones -- always.  The problems with no easy solutions, the judgment calls where the stakes are so high and the margin for error absent.

And as President, you can get all kinds of advice and opinions from all kinds of people.  But at the end of the day, when it comes time to make that decision, as President, all you have to guide you are your life experiences.  All you have to guide you are your values, are your visions for this country.  And in the end, when you’re making those impossible choices, it all boils down to who you are and what you stand for.  (Applause.)  

But, Philly, we all know who my husband is -- right?  (Applause.)  And we all know what Barack Obama stands for.  (Applause.)  See, Barack is the son of a single mother who struggled to put herself through school and pay the bills.  That's who he is.  He is the grandson of a woman who woke up before dawn every day to catch a bus to her job at the bank.  And even though Barack’s grandmother worked hard to help support her family and she was good at her job, like so many women, she hit that glass ceiling, and watched men no more qualified than she was promoted up the ladder ahead of her. 

So let me tell you something.  Barack Obama knows what it means when a family struggles.  He knows what it means when someone doesn’t have a chance to fulfill their potential.  And today, trust me, as a father, he knows what it means to want something better for your kids. 

Those are the experiences that have made him the man -- and more importantly, the President -- he is today.  (Applause.)  So the thing I want you all to remember is that when it comes time to stand up for American workers and American families, you know what my husband is going to do.  When there’s a choice between protecting our rights and our freedoms, you know where Barack stands.  And when we need a leader to make the hard decisions to keep this country moving forward, you know you can count on my husband, your President, because that is what he has been doing every single day in the Oval Office as President of the United States.  (Applause.)  

But I have said this before and I will say it again, and again, and again -- he cannot do this alone. 

AUDIENCE MEMBER:  We got your back!  Yes, we can!  (Applause.)

MRS. OBAMA:  Yes, we can.  Barack needs your help.  He needs you to keep doing what you're doing, making those calls -- more importantly, register those voters.  He needs you to take those commit-to-vote cards -- you know those?  Find them, get them, sign up your friends and your neighbors and your colleagues.  Convince them with every ounce of energy in your soul to join you in giving a little part of your life each week to this campaign. 

And then, send them to BarackObama.com.  Send them to that website for more information on how they can get started making that difference.  As Barack has said -- and don't forget, this election will be even closer than ever before.  And if you have any doubt about the difference that you can make, I just want you to remember that in the end, this could all come down to those last few thousand people that we register to vote. 

It could all come down to those last few thousand people we help get to the polls on November the 6th.

And so I want you to just take a minute to think about what these kinds of numbers mean when they’re spread out over an entire state.  It might mean registering just one more person in your town, in your community, in your neighborhood -- just one more.  It could mean helping just one more person get out and vote on Election Day -- just one more. 

So just think about this:  With every door you knock on, with every event you host, with every conversation that you have with anyone, I want you to just think -- think, this could be the one -- right?  This could be the one that makes the difference.  (Applause.)  And that is the kind of impact that each of us can have.  That’s why you’re so important.

And I am not going to kid you, this journey is going to be long and it is going to be hard.  And there will be plenty of twists and turns along the way.  But just remember that’s how change always happens in this country.  And if we keep showing up, if we keep fighting the good fight, then eventually we get there.  We always do.  Maybe not in our lifetimes, but maybe in our children’s lifetimes, maybe in our grandchildren’s lifetimes. 

Because, in the end, that’s what this is all about.  That’s what I think about when I tuck my girls in at night and I think about the world I want to leave for them, and all our sons and daughters.  I think about how I want to do for them what my dad did for me.  I want to give them a foundation for their dreams.  I want to give them opportunities worthy of their promise -- all of our children.  (Applause.)  I want to give them a sense of limitless possibility -- that belief that here in America, there is always something better out there if you’re willing to work for it.  (Applause.) 

So we cannot turn back now.  Not now.  We have come too far -- but we have so much more work to do.  So I have one last question to ask you:  Are you in? 

AUDIENCE:  Yes!  (Applause.)

MRS. OBAMA:  Are you ready for this?

AUDIENCE:  Yes!  (Applause.)

MRS. OBAMA:  Are you ready to do the work?  Are you ready to roll up your sleeves?  Are you ready to fight for our children?  (Applause.) 

I hope you are fired up, because if you can’t tell, I am fired up.  (Applause.)  I am going to be working so hard over the next couple of months.  We need you more than you can ever know.  You will make the difference in this election.  Keep working.  We love you.  God bless.

END
4:00 P.M. EDT

The White House

Office of the First Lady

Remarks by the First Lady at a Campaign Event

Pierre Hotel
New York, New York

12:10 P.M. EDT

MRS. OBAMA: Thank you so much. (Applause.) Yes! It's good to see that this crowd is already fired up. I can go back to D.C., right? (Applause.) Oh, my goodness! It is a thrill to be here this afternoon. This hotel is amazing. (Laughter.) One day I will come back and have tea -- or do something. (Laughter.)

AUDIENCE MEMBER: We love you!

MRS. OBAMA: I love you all, too. We are going to get this done, right? (Applause.) Absolutely.

I want to start by thanking Caroline for that very kind introduction and, more importantly, for all of the consistent support and friendship she has provided to me and to Barack. And, yes, I do have a crazy dog. (Laughter.) But he is very adorable, too, and we wouldn't know what to do without him. So, for that alone, the Kennedys hold a special place in our heart. So let's give Caroline another round of applause. (Applause.)

I also want to recognize Cecile Richards for her outstanding leadership -- (applause.) Thank you, Cecile. Way to go! (Applause.) It's great to have you here today. Thank you so much.

I want to also thank Jane Hartley for moderating today’s panel and for all of her hard work. (Applause.) And Laura Tyson and Heather McGhee for participating in the panel. I heard that that was really good. (Applause.) I missed it. I just flew in, so I missed it. But I heard that it is actually Heather’s birthday today. So, Heather, I know I'm going to see you after this, but wherever you are, happy birthday. (Applause.) And thank you for spending your birthday with a roomful of amazing women. (Applause.) And are there any men here today? (Applause.) All right -- and a few good men, too. There you go -- stand proud. Stand proud. (Laughter.)

I know you all are busy -- which is why events like this are so special, because I know that people have busy lives. You all have families to raise, jobs, careers, whatever it is that is filling up your calendars. But I know there’s a reason why all of us have taken time out to be here today.

And it’s not just because we all support one extraordinary man -- (applause.) I am the President's biggest fan. I'm a bit biased. (Laughter.) I think he's been phenomenal. (Applause.) And I know we're not just here because we want to win an election -- which I know we do. We’re here, we come together like this, with all this passion and fire, because of the values we believe in. We’re doing this because of the vision for this country that we all share.

We’re doing this because we want all our kids to have wonderful schools -- those kind of schools that push them and inspire them, and prepare them for good jobs and phenomenal futures. We want our parents and our grandparents to be able to retire with dignity -- because we believe that here in America, after a lifetime of hard work, these folks should be able to enjoy their golden years. We want to restore that basic middle class security for our families, because in this country we believe that folks shouldn’t go bankrupt because someone get sick -- (applause) -- that people shouldn’t lose their home because someone loses a job. Not in America.

We believe that responsibility should be rewarded and hard work should pay off. We believe that everyone should do their fair share and play by the same rules. But what we do know is that these kind of things, these are all basic American values. They’re the values that so many of us were raised with, including myself.

Most of you know my story by now. My father was a blue-collar city worker at the city water plant, and my family lived in a little-bitty apartment on the South Side of Chicago. My mother still lives there. My bedroom looks exactly the same. (Laughter.) Same bed sheets, same pictures on the wall. (Laughter.)

And one thing I know is that my parents worked very hard and they saved and they sacrificed, and they poured everything they had into us. They didn’t have the types of educational opportunities the kinds of educational opportunities we had, so we saw how they had to save and how they had to work for me and my brother -- because they wanted for us something that they couldn't have for themselves; they wanted the kind of education they could only dream of.

And while pretty much all of my college tuition came from student loans and grants, my Dad still paid a small portion of that tuition himself. And every semester, he was determined to pay that bill right on time. He was so proud to be sending his kids to college, and he couldn’t bear the thought of me or my brother missing that registration deadline because his check was late.

And like so many people in this country, my father took great pride in being able to earn a living that allowed him to handle his business, handle his responsibilities, to pay his bills -- all of them -- and to pay them on time.

And really, everyone, what we have to remember is that more than anything else that is what’s at stake in this election. It’s that fundamental promise that no matter who you are or how you started out, in this country you can build a decent life for yourself if you work hard, and an even better life for your kids. And it is that promise that binds us together as Americans. It’s that promise. It's what makes us who we are. That's why this country is special.

And from now until November, Barack is going to need all of you -- all of you to get out there and tell everyone you know about our values and our vision, and everything that’s at stake in this election.

And you can start by telling them how Barack fought for tax cuts for working families and small businesses -- because an economy that is built to last with the middle class and with folks -- it begins with the middle class and folks creating jobs and putting people back to work. And you can also remind people, back when Barack first took office, how our economy was losing an average of 750,000 jobs a year [sic]. That's what he inherited. But for the past 28 -- 27 straight months, we have actually been gaining private sector jobs -- a total of more than 4 million jobs in just two years. (Applause.)

So while we still have a long way to go to rebuild our economy, today millions of people are collecting a paycheck again -- millions of people like my dad are able to pay their bills again.

You can also remind people about how so many folks in Washington were telling Barack to let the auto industry go under. Remember that? With more than a million jobs on the line. But what did Barack do? He had the backs of American workers. He put his faith in the American people. And today, the auto industry is back on its feet again, and people are back at work, providing for their families again. (Applause.)

You’ve got to tell people that because we passed health reform, insurance companies will have to cover preventative care -- things like contraception -- (applause) -- cancer screenings, prenatal care, all at no extra cost. (Applause.) You see, my husband knows that women need access to the full range of health services -- right? And he believes that women should be able to make their own choices about their health care. (Applause.) We all know that.

Because of this reform, millions of our senior citizens have saved an average of more than $600 a year on their prescription drugs. And our kids can now stay on their parent's insurance until they’re 26 years old -- (applause) -- and that is how 2.5 million young people in this country are now getting the health care they need.

Tell people how Barack is working to also raise the standards in our public schools and make college more affordable for millions of young people, so that by the end of this decade, more Americans will hold a college degree than any other country in the world. That’s his goal.

You can tell people how Barack has been fighting for the DREAM Act, because he believes that it is time to stop denying citizenship to responsible young people just because they’re the children of undocumented immigrants. (Applause.)

And you can remind folks that Barack kept his promise to bring our troops home from Iraq. (Applause.) And please remind them about how our brave men and women in uniform fought to bring to justice the man behind the 9/11 attacks. (Applause.) And you can tell them that our troops no longer have to lie about who they are to serve the country they love because Barack finally ended "don't ask, don't tell." (Applause.)

And please make sure that people understand that it’s now easier for women to get equal pay for equal work -- and that’s because of the very first bill my husband signed into law, the Lilly Ledbetter Fair Pay Act. (Applause.) But it’s also important for people to understand why Barack signed this bill -- because he knows that closing that pay gap, that can mean the difference between women losing $50, $100, $500 from each paycheck, or having that money in their pockets to buy gas or groceries or put clothes on the backs of their children. And he did it because when so many women in this country are now breadwinners for our families, women's success in this economy is the key to families' success in this economy. We all know that. (Applause.)

And let me tell you, he’s going to keep on fighting for common-sense measures like the Paycheck Fairness Act to make sure that women can finally get paid what they deserve. (Applause.)

And finally, don’t forget to tell people about those two brilliant Supreme Court justices that Barack appointed. (Applause.) And how, for the first time in history, our daughters and our sons watched three women take their seat on our nation’s highest court. (Applause.)

You know I could go on and on and on. That’s just three and a half years worth of work. But all of that is at stake this November. It’s all on the line. And in the end, it all boils down to one simple question: Are we going to continue the change that we’ve begun and the progress that we’ve made, or will we allow everything we fought for -- not just over these past few years, but over these past few decades -- are we going to allow all of that to just slip away?

AUDIENCE: No!

MRS. OBAMA: No, we know what we need to do, right?

AUDIENCE: Yes!

MRS. OBAMA: We cannot turn back now. We need to keep moving forward. We need to keep moving forward. And more than anything else, that's what we’re working for -- the chance to finish what we started, the chance to keep fighting for the values we all believe in and the vision we all share.

That’s what my husband has been doing every single day as President. And I’ve watched him. Let me tell you, over the past three years and a half -- can’t believe it’s been that long -- (laughter) -- but I have had the chance to see up close and personal what being President really looks like. And let me tell you, I’ve seen how the issues that come across a President’s desk, they’re always the hard ones -- the problems with absolutely no easy solutions, the judgment calls where the stakes are so high, and there’s no margin for error.

And as President, you’re going to get all kinds of advice and opinions from all kinds of people. But at the end of the day, when it comes time to make that decision, as President, all you have to guide you are your life experiences; all you have to guide you are your values and your vision. In the end, when you’re making those impossible choices, it all boils down to who you are and what you stand for.

See, one of the things you don’t have to wonder is who my husband is -- right? (Applause.) We all know who he is. We all know what he stands for. (Applause.) He’s the son of a single mother who struggled to put herself through school and pay the bills. That’s who Barack is. He’s the grandson of a woman who woke up before dawn every day to catch a bus to her job at the bank. And even though Barack’s grandmother worked hard to help support his family and she was good at what she did, like so many women, she hit that glass ceiling, and men no more qualified than she was were promoted up the ladder ahead of her.

So believe me, Barack knows what it means when a family struggles. That he understands. He knows what it means when someone doesn’t have a chance to fulfill their potential. And today, as a father, believe me, he knows what it means to want something better for your kids.

You see, those are the experiences that have made him the man and, yes, the President he is today. And that’s who you’re working for. So when it comes time to stand up for American workers and American families, you know what Barack is going to do. When there’s a choice about protecting our rights and our freedoms, you know where Barack is going to stand. And when we need a leader to make the hard decisions to keep this country moving forward, you know that you can count on your President, because that is what he has been doing every day in the Oval Office since he’s taken that oath -- every, single day. (Applause.)

But for those of you who've met me, have seen me, I have said this before and I will say it again and again -- Barack Obama cannot do this alone. That was never the promise. He needs your help. He will always need your help.

He needs you to make those calls. Yes, write the checks, but make the calls -- (laughter) -- and register those voters. He needs you to take those "I’m in" cards -- and, hopefully, you have some here, and if not, you will get some -- take them and sign up your friends and your neighbors and your colleagues. Convince them, with all the passion you have in your heart, to join in, just giving a little part of themselves each week to this campaign.

And be sure to go to our Women for Obama website at BarackObama.com/women. It's a wonderful website that you can go to, to find out what else you can do to help. It's a great resource.

As Barack has said, this election will be even closer than the last one. That you can count on. And if you have any doubt about the difference that you can make, I just want you to remember that in the end this election could all come down to those last few thousand people that we register to vote. Just think about it. It could all come down to those last few thousand folks we help get to the polls on November the 6th. So consider that. With every event you host, with every conversation you have, I want you to remember that this could be the one that makes the difference. This could be the kind of impact that each of us can have in this election.

And I’m not going to kid you, this journey is going to be long and it is going to be hard. And there will be plenty of twists and turns along the way. But as I always say, as Barack has always said, that is how change always happens in this country. We as women know that. Change happens because of women like us, who stand up and speak out and work day and night, because we know what’s at stake. (Applause.)

We know what’s at stake for our health and for our economic security and for the basic rights that we all hold dear. And we know that if we keep showing up, the way we always have, if we keep fighting the good fight for the values we believe in, then eventually we get there. We always do. Maybe not in our lifetimes, but maybe in our children’s lifetimes, and maybe in our grandchildren’s lifetimes -- because as I always remember, we are in this for them. That's what this is all about.

That’s what I think about -- every night when I tuck my girls in at night, I think about the world I want to leave for them. This is about them and for all our sons and daughters. That's how big this election is. I think about how I want to do for them what my Dad did for me. I want to give them that foundation for their dreams -- all of our kids. I want to give them opportunities worthy of their promise. I want to give them that sense of limitless possibility -- that belief that here in America, their country, there is always something better out there if you’re willing to work hard for it. (Applause.)

So, ladies, we cannot turn back now. Not now. (Applause.) We have come so far, but we have so much more work to do. So I have one last question for you. I want to know, are you in?

AUDIENCE MEMBERS: Yes!

MRS. OBAMA: I need to hear this -- are you in?

AUDIENCE MEMBERS: Yes!

MRS. OBAMA: Because I am so in this. Can you tell? (Laughter.) Can you tell how fired up I am? How ready to go I am? How much I know we can do? How much more I know we can accomplish? We need you. So we want you to stay fired up.

I cannot wait to see all of you out there on the campaign trail in the weeks and months ahead. Thank you all and God bless. (Applause.)

END
12:32 P.M. EDT

The White House

Office of the First Lady

Remarks by the First Lady at Disney Press Conference

Newseum
Washington, D.C.

11:13 A.M. EDT

MRS. OBAMA:  Thank you.  (Applause.)  Thank you, everyone.  Good morning.  Oh my goodness.  I am so thrilled to be with all of you today, and I want to start by thanking Bob for that very kind introduction and for his tremendous leadership at Disney. 

I'd also like to thank Leslie for all of her hard work in this effort.  Also, everyone from the Newseum for hosting us today, and also to all of the parents and advocates who are here today who have been working so hard for so many years on these issues.  And finally, I want to thank everyone at Disney for making this day possible. 

This new initiative is truly a game changer for the health of our children.  See, for years people told us that no matter what we did to get our kids to eat well and exercise, we would never solve our childhood obesity crisis until companies changed the way they sell food to our children.  And we all know the conventional wisdom about that.  We've heard all the cynics who say that we simply can't change the market, or that concerned parents are no match for corporate bottom lines, or that companies will never change their business model for the good of our kids.

But truly, today, Disney has turned that conventional wisdom on its head.  This is a major American company, a global brand that is literally changing the way it does business so that our kids can lead healthier lives.  With this new initiative, Disney is doing what no major media company has ever done before in the United States.  And what I hope every company will do going forward when it comes to the ads they show and the food they sell they're asking themselves one simple question:  Is this good for our kids? 

And make no mistake about it -- this is huge.  That’s why I'm here.  It's huge.  Just think about it.  Just a few years ago if you had told me or any other mom or dad in America that our kids wouldn’t see a single ad for junk food while they watched their favorite cartoons on a major TV network, we wouldn’t have believed you because parents know better than anyone else just how effective and pervasive those advertisements have become -- Bob mentioned it. 

Our kids see an estimated $1.6 billion a year worth of food and beverage marketing, and many of those ads are for foods that are high in calories and sugar but low in nutrition.  So our kids are constantly bombarded with sophisticated messages designed to sell them foods that simply aren't good for them.  And let me tell you, we know it works, right?

As parents, we know that whatever is on TV is what our kids are going to want.  I remember, as Bob has discussed, going to the grocery store with the kids, and the minute you walk down the aisle the kids are singing some jingle, or they're pulling on your leg begging you, pleading you for whatever they saw on TV.  And as a mom, I know how that makes it even harder for us to keep our kids healthy.

So many parents are working so hard to serve their kids a balanced diet.  We're preparing those nutritious meals and snacks, and we're doing our best to teach our kids healthy habits.  But when the kids turn on the TV to watch their favorite shows and -- all that hard work is undermined whenever there is a commercial break.  I mean, it's a constant battle, and it's a tough one.  And so many parents are left feeling like the deck is stacked against them. 

And, truly, that's really what today is all about.  In fact, that's what our entire Let's Move initiative is about.  It's about empowering parents, because we know that government doesn’t have all the answers and there's no one-size solution to this problem.  This is about what all of us can do as moms and dads, as CEOs and school superintendents, as mayors and doctors, and, yes, even Mickey Mouse.  It's about all of us doing what we can with the tools we have to help parents make healthier choices for their kids. 

And that's why I am so thrilled about today's announcements.  I am thrilled that Disney is stepping forward in such a big way to stand alongside America's parents.  I am thrilled that they're raising their nutrition standards and introducing the Mickey Check and making it easier for moms and dads to make those decisions.

And I'm thrilled that over the next couple of years, when our kids tune into their favorite shows on Disney channels or they log onto the Disney web site, they will no longer be bombarded with unhealthy messages during those commercial breaks.  Instead, they will see ads for foods that we might actually want them to eat -- ads that can reinforce healthy habits and teach kids very important lessons. 

And as you heard from Bob and Leslie, Disney has been taking steps to help our kids lead healthier lives for many years.  Their Magic of Healthy Living campaign is helping kids eat healthy, get active, and have fun while doing it.  They've helped build playgrounds and community gardens in neighborhoods all across this country.  And even earlier this year, they got me to do the platypus walk.  (Laughter.)  Yes, dancing with about 1,500 kids down in Disney World. 

So we're all willing to do our part.  And leaders at Disney are doing all of this not just as parents and as grandparents who care about the health and well-being of their kids and the future of this nation, but, as Bob said, they're also doing it as corporate leaders who care about the bottom line.  And that's a very important point to make. 

They have listened to parents who are more and more concerned about what their kids are eating.  They've seen the market shifting as folks are increasingly interested in buying healthier food, and they’ve seen the momentum building all across this country on behalf of our children’s health.  And they’ve realized that what is good for our children can also be good business. 

So I hope that businesses all across this country will understand this as well, and, even more importantly, I hope that parents will take notice when companies like Disney do the right thing for our kids.  Because as parents, it isn’t enough to just ask for change.  It’s not enough just to make the right choices for our kids.  We also need to support those companies who are listening to us, because if we do that as parents and consumers, if we make a statement not just with our voices but also with our feet and with our wallets, then we will keep seeing the changes that we hope for.  We will keep seeing more choices available for our kids. 

We’re going to keep seeing more days like today, which is what we’re working for.  And that is what is going to take us to the finish line and get us where we want to go on this issue.  That’s what it’s going to take to ensure that our children can grow up healthy and reach their full potential. 

And I say this all time -- we know it won’t be easy, but everything that I have seen since we started Let’s Move gives me hope.  Every day I am hearing from someone who wants to get involved -- school districts revamping their menus; communities planting gardens; food companies reducing the sugar, salt and fat in their foods; nationwide chains building grocery stores in underserved communities; leaders from both parties in Congress coming together to fund healthy school lunches. 

And more importantly, every day I am getting wonderful letters from kids who tell me about how they’re eating healthier -- the same things that Bob is seeing in his research, I’m seeing it anecdotally.  Kids telling me about how they’re getting more exercise and how they’re loving every minute of it.  They want to be healthy.  They’re excited about improving their lives.  That is the change that all of us are making together.  That’s why every day I am more hopeful.  Every day I’m more confident than ever that we can get this done and we can give all of our kids the healthy futures they deserve.

So today, again, I want to once again thank Disney for taking this monumental step forward and setting the bar very high.  And I look forward to standing with even more businesses and partners who support the health of America’s families in the months and years ahead.  And I can’t wait to see the difference that it makes for our children and for our country.

So thank you all.  Thank you, Bob.  Congratulations and God bless.  (Applause.)

END
11:23 A.M. EDT

The White House

Office of the Press Secretary

Remarks by President Obama and President Clinton at a Campaign Event

New Amsterdam Theatre
New York, New York

9:54 P.M. EDT

PRESIDENT CLINTON: Thank you, ladies and gentlemen. Thank you for being here to ensure the reelection of President Obama and Vice President Biden. I thank you very much. (Applause.)

You know, I was worried about getting half a step slow doing this because my whole life is my foundation now. I’m a little rusty at politics. (Laughter.) But this is my -- wait, wait, wait. This is my third event tonight where I am the warm-up act for the President. (Applause.) So I am about to get my steps down and my rhythm going, you know?

Here’s what I want to say. Your presence here tonight is important. Your support is important. And perhaps, most important of all, your willingness to leave here and talk to people about this election not just in New York but all across this country is profoundly important. (Applause.) Because I’ve found there’s a lot of murkiness out there. So let me just be as simple as I can. I don't think it’s important to reelect the President; I think it’s essential to reelect the President -- if we want this country to go in the right direction. (Applause.)

And I want to explain why.

I know things are not perfect now. I know they're a little slow now. But let me just remind you that when the President took office a little over three years ago, in the month he took the oath of office we lost 800,000 jobs. Starting on September the 15th, we entered the deepest crash since the Great Depression. If you look at history, those things take five or 10 years to get over, and if there’s a housing collapse along with it, closer to 10 years. He’s on schedule to beat that record.

And so we have to go out to people who are still hurting, who are still uncertain, and who hear the airways full of contradictory assertions, and basically give them the facts. And here they are: In the last 27 months, this economy has created 4.3 million private sector jobs. (Applause.) That is -- to give you some perspective on how many that is, that's 60 percent more private sector jobs that were created in the seven years and eight months of the previous administration before the financial meltdown -- (applause) -- and about the same number per month as were created during the time I had the honor of serving.

Now, second thing -- they tell you how terrible his health care bill is. It’s hard for them since Governor Romney’s finest act as governor was to sign a bill with the individual mandate in it, which he has now renounced. But let me tell you a couple things about it. Number one, for the first time in 50 years we have had two years in a row where health care costs have only gone up 4 percent -- first time in 50 years.

Number two, the American people this year got $1.3 billion in refunds on their health care premiums -- because you’ve got to spend 85 percent of that premium on health care today, not profits or promotion. (Applause.) Number three, there are 2.6 million young people, 26 and under, who are insured today for the first time because they’re on their parent’s policy. (Applause.)

So -- and look, this is a huge deal. I talk to people in this business all over America. They would be mortified if this bill were repealed because they say we’re finally making progress. We’re going to stop paying for procedures, start paying for performance. We’re going to have plans that will bring our cost down in line with our competitor and improve the quality of care. People in health care -- the President and I just came from an event and there were two woman doctors who said, we are doctors for health care reform and we are here because we can see it working already, that it’s coming. (Applause.)

Now, manufacturing is coming back for the first time since the 1990s. Green tech jobs, in spite of the attacks from Governor Romney and the Republicans, grew at twice the rate of other jobs after the economic downturn, and paid 35 percent more.

The automobile industry was headed for a calamity, and two of the great auto companies in America were saved by a financial agreement that had management, labor and government restructuring the company. There are 80,000 more people making cars today than there were when Barack Obama became President. (Applause.) And 1.5 million people had their jobs saved. (Applause.)

Car mileage standards are going to be doubled because of an agreement between management and labor, and the environmental groups and government. And as we double those car mileage standards, 150,000 high-paying jobs will be created, creating the new technologies to make it possible.

And I could give you 50 more things, but you get the idea. Why aren’t things roaring along now? Because Europe is in trouble and because the Republican Congress has adopted the European economic policy. Who would have thought, after years and years, even decades, in which the Republican right attacked "old Europe," that they would embrace the economic policies of the eurozone -- austerity and unemployment now at all costs. (Laughter.) I mean after all, their unemployment rate is 11 percent, and ours is 8 -- we can get right up there if we just adopt their policies. (Laughter and applause.)

You’re laughing, but you need to tell people this. That's what they're being asked to vote for. They're being asked to reject a President who has tried to give us a 21st century economic policy, and said, no, no, growth and jobs now -- broad-based growth, fair growth that includes all Americans. Then we’ll put the hammer down on the spending to avoid the debt exploding at the time when economic growth occurs so that we won’t have high interest rates and we won’t kill off the recovery.

The Republican policy is the reverse. Governor Romney says, no, austerity and unemployment now, and then when we -- if we ever get out of this thing, then we’re going to cut taxes so much, we’ll explode the debt then and see just how high we can drive interest rates, and how we can make the economy -- that is their economic policy. It was their economic policy, and it is. And it doesn't work.

So we’re laughing, we’re having a good time tonight. The night belongs to the President and to you. But I’m telling you, I spent a lifetime in public service and now with my foundation, desperately trying to figure out how to give people a better chance -- desperately trying to figure out how to create jobs. (Applause.) And he analyzed this situation properly. He did the best he could with a lousy hand. And he will do better if the American people said, no, we don't want to go back to what got us in trouble in the first place. Give us a 21st century economy we can all be a part of. (Applause.)

That's what President Obama will do. Let’s bring him on with a big hand! Stand up for the President! (Applause.)

PRESIDENT OBAMA: Thank you. (Applause.) Thank you. Thank you. Thank you. (Applause.) It is good to be back on Broadway! (Applause.) But before I get to this unbelievable opening act -- (laughter) -- let me thank my producer. That’s usually what you do when you’re on Broadway. (Laughter.) Margo Lion has been such a great friend of mine for so long. (Applause.) Bill, during the campaign, Margo set up I think a couple of these.

And for all those who performed tonight, I could not be more grateful and more appreciative. Many of you have put in a lot of time and effort, not just this time out but last time out. And it is just a great joy to be with all of you. But Margo especially -- I just want to give her a public acknowledgment because she has been a great friend. (Applause.)

Before we get to the some of the more serious items, I do want to just share a quick story about Margo. Shortly after I had been elected -- Bill can relate to this -- the Secret Service bubble shrinks and it starts really clamping down. (Laughter.) And the thing that you miss most when you’re President -- extraordinary privilege, and really nice plane and all kinds of stuff -- (laughter) -- but suddenly, not only have you lost your anonymity, but your capacity to just wander around and go into a bookstore, or go to a coffee shop, or walk through Central Park.

So I was saying -- it was a beautiful day and I had just been driving through Manhattan, and I saw Margo. And I said, you know, I just desperately want to take a walk through Central Park again, and just remember what that feels like. But the problem is, obviously, it’s hard to do now. And so my idea has been to see if I was -- if I got a disguise -- (laughter) -- could I pull this off. (Laughter.)

And so Margo thought about it, and about a week later I got this fake moustache -- (laughter) -- that I guess she got from one of the makeup artists on Broadway. And I tried it on and I thought it looked pretty good. (Laughter.) But when I tested this scheme with the Secret Service, they said it didn’t look good enough. (Laughter.)

But I kept it. I have kept this moustache just in case in the second term I -- (laughter and applause.) So if you -- so if a couple years from now you see a guy with big ears and a moustache -- (laughter) -- just pretend you don’t know who it is. Just look away. (Laughter.) Eating a hotdog, you know. (Laughter.) Going through the -- you know.

I want to thank Bill Clinton – (applause) -- not only for the extraordinary support that he’s shown tonight and the support he’s showing throughout this campaign, not only for the fact that he is as good at breaking down what’s at stake at any given moment in our history, his inexhaustible energy and knowledge, the work that he’s doing around the world on behalf of folks in need -- but I also want to thank him for his legacy. (Applause.) Because in many ways Bill Clinton helped to guide the Democratic Party out of the wilderness –- (applause) -- and to lay the groundwork for a sensible, thoughtful, common-sense, progressive agenda that is important to remember at this moment.

When many of us came together in 2008, we came together not just because of me. In fact, folks weren’t sure whether I was going to win. When you support a guy named Barack Hussein Obama, the odds are always -- (laughter) -- a little long. But we came together because of a shared commitment we made to each other as American citizens, a basic compact that defines this country -- that says if you're willing to work hard, if you're willing to take responsibility, then there's nothing you can't accomplish. It doesn’t matter where you come from, what you look like, whether you're black, white, Hispanic, Asian, Native American, gay, straight, able, disabled -- it doesn’t matter -- that you've got a stake in this country. You've got a claim on this country. (Applause.) And if you're willing to work hard, you can make it if you try in the United States of America. (Applause.)

And in 2008, we understood that that compact seemed like it was eroded. A few people were doing very well, but more and more people seemed to be struggling to get by. We had squandered a surplus on tax cuts for folks who didn’t need them and weren't even asking for them. (Applause.) We had paid for two wars on a credit card. Because we hadn't enforced basic rules of the marketplace, we saw more and more of our economy built on speculation and financial schemes that were inherently unstable. And it all came crashing down in the worst crisis that we've seen in our lifetimes.

But part of the reason why we understood both what was possible and what had been lost was because of our memories of Bill Clinton's tenure as President -- (applause) -- and our recognition that there's no contradiction between growing an economy and making sure that everybody is taking part -- in fact, that’s how you grow an economy, is because you're giving everybody a shot and everybody is doing their fair share, and everybody is playing by the same set of rules.

We understood there’s no contradiction between economic growth and caring for our environment; that, in fact, if we make smart investments in clean energy, that’s an entire industry of the future that can put people back to work.

We understood that there wasn’t a contradiction between being fiscally responsible, but also making sure that kids got Head Start, kids could go to college, and we were investing in basic science and basic research. This wasn’t some fantasy of ours. This wasn’t some pie in the sky, wild imaginings. We'd seen it. We knew it was possible. And that’s what we fought for.

Of course, we didn’t know at the time that we were going to see this incredible crisis -- 3 million jobs lost in the six months before the election, and 800,000 lost the month I was sworn into office.

But here’s one thing we understood. The campaign taught us this -- the incredible resilience and the incredible strength of the American people. (Applause.) And so part of what allowed us to fight our way out of this hole was some tough decisions that we made -- to save the auto industry even when some people said, let’s let Detroit go bankrupt -- (applause) -- and getting management and workers together to save over a million jobs. And now GM is back on top. The American auto industry is making better cars than ever. (Applause.)

We made tough decisions to make sure that credit was flowing again to businesses large and small, and they could keep their doors open and start hiring again and make investments again in the future. And we’ve seen over 4 million jobs created. We’ve seen more manufacturing jobs created at any time since the 1990s.

And so, in part, the reason that we have been weathering this storm was because of some tough policies, but the right policies. But a lot of it just had to do with the resilience of the American people. They don’t give up. They don’t quit. So some 55-year-old gets laid off and they decide, you know what, I’m going to back to school. I’m going to get myself retrained to find the job of the future. I’m not giving up. A small business owner, they patch together whatever money they can to keep their doors open and to make sure that they can keep their employees on, even if it means maybe they don’t get paid for a while, even if it means that the owner of that business is having to scrimp. That’s how much they care about their employees.

Folks decided, you know what, we were going to retire at 65, but maybe we’re going to have to work an extra five years because I’m going to make sure my child or my grandchild gets to go to college. All kinds of decisions like that made all across America.

And so after this incredible crisis, America is moving in the right direction. We’re not there yet; we’re not where we need to be. There are still too many people out there who are looking for work, too many homes that are still underwater, too many kids in poverty who still don't see prospects for the future. But we started to right the ship and we’ve moving in the direction that we imagined in 2008.

And that is why this election in a lot of ways is even more important than the last one, because as hard as we’ve worked over the last four years, as much as we’ve done to start rebuilding a country that's not built on how much we consume or some sort of Ponzi schemes, but built on what we’re producing and what we’re making, and the skills of our people, and the ingenuity of our scientists, and the risk-taking of our entrepreneurs -- after all that work that we’ve done, the last thing we’re going to do is to go back to the very same policies that got us into this mess in the first place. We’re not going backwards. (Applause.) We’re not going backwards, New York! We intend to go forwards! nd that's why I’m running for a second term as President of the United States of America. (Applause.) We’re not going back.

AUDIENCE: Four more years! Four more years! Four more years!

THE PRESIDENT: Not going back to a set of policies that say you're on your own. And that’s essentially the theory of the other side. George Romney -- wrong guy. (Laughter.) Governor Romney -- he was a good governor. (Laughter.) Governor Romney is a -- he's a patriotic American. He's had great success in his life, and he's raised a beautiful family. But he has a theory of the economy that basically says, if I'm maximizing returns for my investors, for wealthy individuals like myself, then everybody is going to be better off.

He was in Iowa talking to a woman, and she was describing her financial struggles, and his response was out of an economic textbook. He said, "Productivity equals income." (Laughter.)

Now, I guess in the aggregate, technically -- right -- this is a coherent argument. (Laughter.) But the implication was somehow that this woman, or others who are struggling out there, they're not productive enough.

Well, let me tell you, actually, America has become incredibly productive. People are working harder than ever. We've got some of the most productive workers in the world. The problem is not that we aren't productive enough; the problem is that productivity has not translated for far too many people into higher incomes. (Applause.) The problem is that profits haven't translated into jobs and investment in this country.

We believe in the marketplace. We believe in entrepreneurship and rewarding risk-taking. But what we also understand is that our economy works best, America became an economic superpower, because we created a platform where everybody could succeed. And we set up rules of the road that made the market work for everybody, and gave consumers confidence that they weren't going to be bilked, and gave investors confidence that if you're a small investor, you're not some insider, you still have a chance buying a stock.

And we understood that if we're investing in things like a Hoover Dam or DARPA -- the research and development arm of our military that ended up producing things like the Internet or GPS -- that that, in fact, would be good for everybody.

We understand that when my grandfather's generation came back from fighting in World War II and they had a chance to go to college on the GI Bill, that wasn’t just good for one individual, it wasn’t just good for one group. That was good for everybody. We all became richer together.

And that's the lesson that Mr. Romney and the Republicans in Congress don't seem to understand, they don't seem to get. But look at our history. Ironically, the first Republican President understood it. Abraham Lincoln understood it. That's why in the middle of a Civil War he was still building a Transcontinental Railroad and starting land grant colleges, and starting the National Academy of Sciences -- because he understood that ultimately there are some things we do better on our own -- not every government program works, not everybody can [be] helped who doesn't want to be helping themselves. All of us have responsibilities.

And I learned early on that no matter how much money you pour into the schools, nothing replaces the love and attention and occasional scoldings from a parent. (Applause.) I learned as a community organizer that no government program can substitute for the caring and passion of neighbors and communities. But I also understood, and you understand and Americans understand, that when we’ve done great things in this country we’ve done them together. We’ve done them together. And that's what’s at stake in this election.

And we’re not going back to this other theory. I’m not going to go back to a time when if you got sick, you had no recourse and you potentially could go bankrupt. I’m not going to go back to a time when 2.5 million young people can't get health insurance or can't stay on their parent's plan -- (applause) -- or 30 million people who are working maybe two jobs can't afford to buy health insurance and end up in an emergency room just because they can't get sick and aren’t getting preventive care. We're not going to go back to that.

We're not going to go back to a time when -- we’re not going to refight the battles about whether or not we need to make some basic reforms on Wall Street so that taxpayers don’t have to bail out folks after they’ve made irresponsible or reckless bets. (Applause.) That’s not good for our financial markets. We’re not going to refight that battle.

We’re not going to go back to a time when manufacturing is all moving offshore. We want to bring companies onshore. I want to give tax breaks to companies that are investing in jobs investment here in the United States -- (applause) -- not shipping jobs overseas. We don’t need to go back to policies like that.

We’re not going to go back to a time when our military could expel somebody because of who they loved. We believe in everybody being treated fairly and equally, and respecting everybody’s rights. We’re not going to go backwards. We’re going forwards. (Applause.)

We don’t need to go back to a foreign policy that thinks the measure of our security is everything we do we do on our own. We’ve been able to restore respect and collaboration, and our alliances have never been stronger -- partly because I’ve got a pretty good Secretary of State. (Applause.)

And that’s how we ended the war in Iraq. And that’s how we’re starting to transition out of Afghanistan. And that’s how we brought Osama bin Laden to justice. (Applause.) And we’re not going to go backwards on policies that make America stronger.

We’re not going to go back to the days when somehow women couldn’t get the preventive care that they need. (Applause.) We don’t need a situation where women aren’t controlling their own health care choices. We don’t need to eliminate Planned Parenthood. I want my daughters to have the same opportunities as my sons. That’s part of what America is about. We’re not turning back the clock. We’re not going backwards. (Applause.)

AUDIENCE: Four more years! Four more years!

PRESIDENT OBAMA: And we can afford the investments we need to grow. We can afford to make sure that every kid has a chance to go to college, and they're going to a decent school, and they're graduating. (Applause.)

We can afford to rebuild our roads and our bridges and our airports and our broadband lines and high-speed rail, and putting people back to work. We can afford -- in fact, we can't afford not to invest in the science and research that's going to keep us at the cutting-edge. (Applause.)

We’re not going to throw millions of people off the Medicaid rolls, folks who are disabled or poor, seniors who are relying on it. We’re not going to voucherize Medicare. We’re going to responsibly reduce this deficit. You know -- two Presidents over the last 30 years that have actually reduced the pace of the growth in government spending happen to be on this stage right here. They happen to be the two Democrats. (Applause.)

So we have to get our deficit and debt under control. We’ve got to do it in a responsible way, cut out programs we don't need. I’ve already signed a trillion dollars in cuts that have already been made, another trillion that are slated to be made. But we’re also going to ask folks who can afford it like the two of us to pay a little bit more -- and some of you, too, so don't chuckle -- (laughter and applause) -- to pay a little bit more so that we can afford the things that will help us grow. That's the right recipe. That's what made us an economic superpower. And that's the policy that we’re going to pursue.

Now, here’s the good news. The American people, on the issues, when presented with the facts, they actually agree with us. Now, it's hard sometimes getting the facts out. There's a lot of bugs on the windshield. (Laughter.) Sometimes you've got to -- (laughter) -- so you got to get those wipers going pretty hard sometimes. It's not always clear. (Laughter.)
 
But when folks know the facts, when they're given a choice -- and that’s what this election is about, every election is about a choice -- when given a choice between a vision that says we're going to have a balanced approach to deficit reduction, and we're going to continue to make investments in things like clean energy and fuel efficiency and science and innovation and education and rebuilding our infrastructure, versus another $5 trillion worth of tax cuts that would give the average millionaire and billionaire an additional $250,000 a year in tax breaks -- people agree with us.

On issue after issue, if you give them a fair presentation, no spin on the ball, the majority of the country -- not just Manhattan -- (laughter) -- the majority of the country agrees with us. Which is why the other side isn't -- they're not presenting anything new. As Bill said the other day, this is the same old stuff, just on steroids. (Laughter.) Just more of. More tax cuts for the wealthy. We're not just going to reduce regulation, we're going to cripple EPA. And people aren't buying that. They don’t really think that that’s going to work.

The only reason that this is going to be a close election is because people are still hurting. The situation in Europe is slowing things down. We've been prevented from, for example, the plans that I've put forward repeatedly to Congress to say, let's give states more help so they don’t have to lay off more teachers. Now interest rates have never been lower. Literally, the government can -- basically people will pay us to lend us money -- (laughter) -- and there would never be a better time for us to start making investments that could put construction workers back to work all across the country. (Applause.)

But that's not something Congress, so far, has been willing to do. Though we’re going to keep on putting pressure on them over these next few months because we don't have time just to wait for an election to do something. (Applause.)

But folks are still hurting. And this has been a long slog for people. And sometimes when things are tough you just say, well, you know what, I’ll just keep on trying something until something works. And that's compounded by $500 million in super PAC negative ads that are going to be run over the course of the next five months that will try to feed on those fears and those anxieties and that frustration.

That's basically the argument the other side is making. They're not offering anything new, they're just saying, things are tough right now and it’s Obama’s fault. You can pretty much sum up their argument. (Laughter.) There’s no vision for the future there. There’s no imagination. I mean, somebody is going to have to explain to me how repealing Obamacare and throwing 30 million people back to a situation where they don't have health care, somehow that's an economic development agenda. (Laughter.) Nobody has really explained that to me.

So it’s going to be -- it’s going to be a tough election. But 2008 was tough, too. And what you all taught me was that when Americans are willing to come together and make a commitment to each other, when they have a vision about what’s possible and they commit to it, and they join together and they work for it, when they decide -- when you decide -- that change is going to happen, guess what. Change happens. (Applause.) Change happens.

And so I may be a little grayer than I was the last time I was on Broadway. (Laughter.) Going to need to get Margo to send me something to do something -- do something about that. As President Clinton will tell you, you go through some dings and dents in this job. But I tell you what. I’m more determined than I’ve ever been. (Applause.) I’m more determined than I’ve ever been to finish what we started.

I used to say back in 2008, I’m not a perfect man, and haven’t been and won't be a perfect President. Nobody is. But what I told you was I’d always tell you what I thought, I’d always tell you where I stood, and I’d wake up every single morning fighting as hard as I knew how to make life better for the American people. And I have kept that promise. I have kept that promise, Broadway. (Applause.) I have kept that promise.

I still believe in you. I hope you still believe in me. I hope you still believe! If people ask you what this campaign is about, you tell them it’s still about hope and it’s still about change. And if you’re willing to knock on some doors and make some phone calls, and talk to your friends and neighbors, and work just as hard as you did in 2008, we will finish what we started and remind the world why it is America is the greatest nation on Earth.

Thank you. God bless you. God bless America.

END
10:32 P.M. EDT

The White House

Office of the Press Secretary

Remarks by President Obama and President Clinton at a Campaign Event

Waldorf Astoria Hotel
New York, New York

8:40 P.M. EDT

PRESIDENT CLINTON:  Thank you.  (Applause.)  Thank you very much.  I am the warm-up act for the President.  (Laughter.)  And I will attempt to bring him on while you're still warm.  (Laughter.) 

I want to thank Eric Schneiderman for his lucid statement of the case of what's at stake in this election, and for his exceptional service to the state of New York.  Thank you, Assemblyman Keith Wright, and thank you, Syracuse Mayor Stephanie Miner, for co-chairing this dinner.  And, Representative Carolyn Maloney, thank you very much for your friendship and everything you've done.  (Applause.)  And I believe on his last day as chairman of the New York State Democratic Party -- thank you, Jay Jacobs, for being one of the best Democratic chairmen in the entire nation.  (Applause.) 

I want to thank my longtime friend, Jon Bon Jovi, for performing and for always being there for us.  (Applause.) 

Now, here's what I want to say to you.  Most of my life now has nothing to do with politics.  You know that.  I work on my foundation; I work around the world; I work in America.  I work with Democrats and Republicans and independents, and half the time I don't know who I'm working with, politically.  But I do spend two hours a day still studying the economic trends around the world and studying what is going on in America.  And I care about the long-term debt of the country a lot.  Remember me?  I'm the only guy that gave you four surplus budgets out of the eight I sent.  (Applause.)  So I hope what I say to you will have some weight, because I want you to say it to everybody you see between now and November.

I don't think it's important to reelect the President; I think it is essential to reelect the President -- (applause) -- if we want this country to have the kind of future that our children and grandchildren deserve.  And here's why.

When I left office, we returned to the trickle-down policies -- big tax cuts, mostly for people of my income group -- I love saying this because I never had any money until I got out of the White House.  (Laughter.)  Maybe that's why I don't mind paying those taxes -- since I never had it before I don't know what it was like.  (Laughter.) 

And we doubled our debt of the country again.  And then, after totally anemic growth for seven years and eight months, on the day before the financial collapse, median family income was $2,000 lower than it was the day I left office, while the cost of health care had gone up three times the rate of inflation, college twice the rate of inflation. 

Then all of a sudden, September 15th comes and goes and poof!  The good news was for President Obama is that he was elected President on September 15, 2008.  He's the only person in the history of the country ever to be elected President before the first Tuesday after the first Monday in November.  (Laughter.) 

The bad news is he was elected President on September 15, 2008 -- (laughter) -- in the teeth of the worst recession since the Great Depression, a financial collapse of enormous proportion.  In the last 500 years, such financial collapses have taken on average five to 10 years to get over -- and when they're deep and big and accompanied by mortgage collapse, almost always 10 years. 

He set about to try to keep his original dream, to return broad-based prosperity, to return the reality of the American Dream to our country, and to do it in a way that made a world with more partners and fewer adversaries.  And he did it under unimaginably difficult circumstances -- 800,000 jobs were lost the month he was sworn in as President.  And it is my opinion that he has performed extremely well under very, very difficult circumstances.  (Applause.)  And I want to tell you why.  (Applause.)
 
So he set about to do what was necessary to prevent a financial collapse again, to put a floor under the recession and to begin to create jobs again, to save a million or more state and local jobs of teachers and health care workers and people who work for fire and police departments.  He set about to bring American manufacturing back, to make America a leading nation in the green energy revolution -- which is sweeping the globe and which only the American Republican Party seems to deny is necessary. 

And he set about to reform health care, knowing it was a moral, a health, and an economic issue because we are now spending almost 18 percent of our income on health care.  None of our major competitors is over 11.8 percent.  That’s $1 trillion a year that could be going to pay-raises for the middle class.  It could be going for small businesses to hire new people.
 
And he did it while trying to make college more affordable, because we had dropped from first to 15th in the world in the last decade in the percentage of our young adults graduating with degrees.  And while doing that, he presented a plan to deal with the long-term debt of the country, understanding that when you have a total financial collapse -- interest rates are zero, no private demand, no private investment -- you can’t have austerity now. 

You remember those surplus budgets?  They came about for three reasons -- spending control, adequate revenues and economic growth.  If you do not have economic growth, no amount of austerity will balance the budget, because you will always have revenues go down more than you can possibly cut spending.  (Applause.)
 
And so what he did was to say growth today, restraint in a big way tomorrow; here's my 10-year budget.  So growth in jobs today, build the economy, then take the burden of the debt off our children’s future, and avoid the exploding interest rates and the declining living standards that it would impose on their future. 

So where are we?  Oh, and by the way, he offered a politics of cooperation.  He said, you Republicans start off with that individual mandate.  We’ll do health care reform that way.  All of a sudden, they weren’t for it anymore.  He said, let’s have a bipartisan deficit reduction commission.  And when it came to a vote in the Senate, all the Republicans who co-sponsored the bill were forced to vote against it by their party.  It’s the first I ever saw somebody sponsor a bill and vote against it.

And I could give you lots and lots of other -- he said, let’s have an infrastructure bank so we can have private and public capital like other countries do.  It’s a great return on investment.  It’s always been a bipartisan area.  Once he was for it, they were all against it.  Besides, it might put somebody to work and help him get reelected.  (Laughter.)

So where are we in spite of that?  In the last 27 months, this economy has produced 4.3 million private sector jobs.  (Applause.)  That is about what it produced on a monthly basis during my two terms, coming back.  Why did the numbers show 3.7 million?  Because the Congress refused to pass his bill to send money to states and localities to keep the teachers on the job, to keep the firefighters and the police officers on the job.  I was in Wisconsin a couple of days ago -- 73 percent of the school districts have laid teachers off.
 
That’s the austerity policy.  It isn’t good economics.  The Obama policy is.  That 4.3 million private sector jobs is -- listen to this -- 60 percent more private jobs than came into this economy in the seven years and eight months of the previous administration before the financial meltdown.  And you need to tell people that.  (Applause.)

And what happened with manufacturing?  It’s growing again for the first time since the '90s.  There was an article in the paper today that said, oh, we’re going to have 2 or 3 million manufacturing jobs within three more years.  In seven or eight or nine areas, jobs flooding back into this country. 

What happened in clean energy?  Governor Romney goes out to a company that had a loan that didn’t work out and says, oh, this is a whole bust.  Here’s what I know.  We ranked first or second in the world in every major scientific survey in the capacity to generate electricity from the sun and the wind.  During the worst of the meltdown, clean-energy jobs grew twice as fast as the rest of the economy, paid 35 percent more. 

This weekend, Germany became the first country in history to generate 22 gigawatts of electricity from the sun.  That doesn’t mean much to you, so I’ll tell you in plain language what it means.  That’s as much as 20 big nuclear power plants.  (Applause.)  And they have generated over 300,000 new jobs out of it.  They’re a fourth our size, and only half as capable to generate solar energy.  If we did what they did, that’s a million jobs alone.  Now, that’s what President Obama has done on the jobs front.  (Applause.) 

And where he could cooperate with people -- the automakers, management and labor -- they restructured the auto industry and what happened?  We have 80,000 more people working making cars today than we did the day he took office, and we saved 1.5 million jobs that would have gone right down the tubes if those two companies had failed.  (Applause.)  America is back in the car business.  (Applause.) 

And then labor, management, the environmental groups and the government got together and agreed on a schedule to raise the car mileage standards, to double them, and guess what -- it will create 150,000 new high-tech jobs.

In health care -- just before you roll over and play dead on this issue, let me just give you two or three issues -- facts here.  For the last few years, for the first time in 50 years, health care inflation has been at 4 percent.  Hasn’t been that low in 50 years.  It’s been killing people, economically.  (Applause.)  Americans got $1.3 billion in refunds on their insurance policy -- because you’ve got to spend 85 percent of your premium on your health care now -- and that’s not counting California, they’re not reported in yet -- 2.6 million young people 26 years of age or younger are on their parent's policy now, all because of the health care bill the President signed.  (Applause.) 

I spend a lot of time with people in the health care business -- with doctors and people who manage medical practices, with people who manage hospitals, and people who manage insurance plans.  I don’t know anybody that wants to repeal Obamacare.  Not anybody.  I don’t know anybody who doesn’t believe that we shouldn’t start paying for performance, not for procedure in health care, and improve our quality and bring our costs in line with our competitors.  And that’s what people in the health care business are doing today because that law passed.  (Applause.)

And finally, never a day goes by I don’t see some article about the burden of student loans.  But when President Obama’s student loan reform is fully implemented, the cost of the loans will go down and no one will ever have to drop out of college again because of the cost.  Because now everybody will be able to pay their loans back as a small, fixed percentage of their income for up to 20 years.  Do you understand what that means?  That one bill can take us back to number one in the world in college graduates again because nobody -- nobody -- will ever have to drop out again.  (Applause.)

And his plan to reduce the debt has extraordinary spending restraint -- including in Medicare -- has modest tax increases, and is phased in as we grow the economy. 

Now, his opponent, who says that he’s got a better idea, was the governor of the state that was 47th in the country in job growth.  He promised that if elected he would grow the economy and reduce the debt, and when he left office the debt of the state was going up.  And his plan -- his plan is to go back to the Bush program, except on steroids.  (Laughter.)  Cut out everything that helps middle-class people, cut out everything that helps poor people work their way to the middle class. 

And all of the objective analyses, the non-partisan analyses, say that every Republican plan, including the nominee for the President’s plan, would add $1 trillion to $2 trillion to what the debt is going to be over the next 10 years if we don’t do anything.  And all of the objective plans say that if the President’s plan were implemented, it would reduce the debt by several trillion dollars over what it’s going to be if we don’t do anything.

But he’s got the order right, President Obama does.  Growth now; restraint later.  The Romney/Republican plan is austerity and more unemployment now, and blow the lid off later, just at the time when we’ll be worried about high interest rates. 

What’s the difference here?  Shared prosperity versus continued austerity and high unemployment.  A politics of cooperation versus constant conflict and divide and conquer. 

Listen, this is a big, clear election.  Also, for me, it’s important to say, in my opinion, he’s done an amazing job making our country more secure, more safe, more peaceful, and building a world with more partners and fewer adversaries.  And that is very, very important.  (Applause.)

And he’s had to get all this done while people as recently as last week were still saying he wasn’t born in America.  (Laughter.)  He’s had to get all this done with a House of Representatives that had one of the tea party members claim that 78 to 81 members of the Democratic caucus were members of the Communist Party.  And neither the presidential nominee, nor any of the leaders rebuked him for saying that.  This is not the 1950s.  At least Joe McCarthy could skate on the fact that there was one or two living Communists walking around.  (Laughter.)  Nobody has seen a Communist in over a decade.  (Laughter and applause.)

No criticism is too vicious and too fact-free.  You have to take the facts out there -- take the facts on the economy, the facts on health care, the facts on energy, the facts on education.  And the fact is we’ve got an economic policy that has a real chance to bring America back.  Why do you think long-term interest rates -- remember the Republicans said, oh, that Obama, he’s such a big spender, we’re going to have a weak dollar and interest rates are going to go through the roof.  You know what the 10-year Treasury note interest rate was today?  One-quarter of 1 percent.  We ought to all go buy one.  They're giving away the money.  (Laughter.)   

Now, you’re laughing.  But why are they doing that?  Because people believe America has a solid economic strategy for the long run.  And who would have ever thought that the Republicans would embrace the austerity and jobless policies of what they used to derisively call “old Europe.”  I never thought I’d live to breathe and see, here they are saying, let’s do the eurozone’s economic policy -- they got 11 percent unemployment; we can get up there if we work at it.  (Laughter.) 

We’re laughing, folks, this is serious.  Too much of politics is fact-free.  Just think about the world you want your children and your grandchildren to live in.  Think about what the 21st century can be.  Remember there is nothing wrong with America that can't be fixed, and our inherent advantages including our diversity, our relative youth, the strength of our system are there.  But you got to have the right captain of the ship.  And I am depending on you to take care of future generations by making sure that that captain is President Barack Obama. 

Bring him on.  (Applause.)

PRESIDENT OBAMA:  I love New York!  (Applause.)  Thank you! Well, thank you, everybody.  (Applause.)  Thank you.  Thank you so much.  Thank you.  (Applause.)  Everybody have a seat.

AUDIENCE:  Four more years!

PRESIDENT OBAMA:  Thank you.  I plan on getting four more years -- because of you.  (Applause.) 

Let me just say some thank-yous at the front here.  First of all, you've got an outstanding Attorney General -- please give Eric Schneiderman a big round of applause.  (Applause.)  He is doing the right thing on behalf of consumers and working people all across this great state and having an influence all across the country.

I want to thank my dear friend, Jon Bon Jovi, who has -- (applause) -- been a great supporter for a long, long time.  I have to say that the only thing worse than following Jon is following Jon and Bill Clinton.  (Laughter.) 

I want to acknowledge -- Congresswoman Carolyn Maloney is here.  Where is Carolyn?  (Applause.)  Thank you, Carolyn.  Party Chair Jacobs, thanks for the great work you've done.  I want to thank all of you who helped to make this event possible tonight.

And most of all, I want to thank the guy behind me here. 
President Clinton and I had a chance to talk over dinner before we came out, and we talk about a lot of things.  We talk about basketball.  (Laughter.)  We talk about our daughters, and agree that you can't beat daughters.  (Applause.)  Sons who are out there, we love you, too -- (laughter) -- but I'm just saying, we bond on that front.  We both agree that we have improved our gene pool because we married outstanding women.  (Applause.) 

But whatever the topic, whatever the subject, what I was reminded of as I was talking to President Clinton is just how incredibly passionate he is about this country and the people in it.  You don’t talk to Bill without hearing at least 30 stories about extraordinary Americans who are involved in clean energy, or starting a whole new project to teach kids math, or figuring out how to build some new energy-efficient building, or you name it.  And it's that passion and connection that he has to the American people that is infectious.  And it's a curiosity and a love for people that is now transforming the world. 

And so I could not be prouder to have called him President.  I could not be prouded to know him as a friend.  And I could not be more grateful for him taking the time to be here tonight.  (Applause.)  And I thank him for putting up with a very busy Secretary of State.  (Laughter and applause.) 

Now, the reason I’m here tonight is not just because I need your help.  It’s because the country needs your help.  If you think about why we came together back in 2008, it wasn’t about me.  It wasn’t even necessarily just about the Democratic Party. It was about a common set of values that we held dear; a set of beliefs that we had about America -- a belief that if you’re willing to work hard, in this country you should be able to make it.  You should be able to find a job that pays a living wage.  You should be able to own a home, send your kids to college, retire with dignity and respect, not go bankrupt when you get sick; that everybody in this country -- regardless of what you look like, where you come from, whether you’re black, white, gay, straight, Hispanic, disabled, not -- doesn’t matter, if you’re willing to put in the effort this is a place where you make dreams happen.  And by you putting in that effort, not only do you do well for yourself but you build the country in the process.

And we had seen that those values were eroding, a sense that that bedrock compact that we make with each other was starting to diminish.  We had seen a surplus, a historic surplus, wasted away on tax cuts for folks who didn’t need them and weren’t even asking for them.  Suddenly surpluses turned to deficits.  We had seen two wars fought on a credit card.  We had seen a recklessness of a few almost bring the entire system to collapse.
And there was a sense that, although a few of us were doing really, really well, that you had a growing number of folks who were struggling just to get by no matter how hard they worked. 

So what we set out to do in 2008 was reclaim that basic American promise.  And it wasn’t easy, and many of you who supported me certainly -- you guys didn't do it because it was easy.  When you support a guy named Barack Hussein Obama for the presidency you know that's not a sure thing.  (Laughter.)  But you did it because you sensed that the country was ready for change.

Now, we didn't know at the time -- we knew that there had been a decade of problems, that since this man had left office we had been going in the wrong direction.  We didn't realize how this would culminate in the worst financial crisis since the Great Depression.  As Bill said, the month I was sworn in, 800,000 jobs lost.  We had lost 3 million before the election had even taken place. 

But we didn't give up.  We didn't quit, because that's not what the American people do.  And so all across this country, you had folks who just dug in.  They focused on what was necessary.  And I do believe we implemented the right policies.  When folks said that we should let Detroit go bankrupt, we said, no, we’re not going to let over a million jobs go.  We’re not going to let an iconic industry waste away.  (Applause.) 

And so we brought workers together and management, and now GM is back on top, and we’ve seen more growth in the U.S. auto industry and more market share than we’ve seen in a very, very long time.  And manufacturing is coming back.  (Applause.)  Even though that decision wasn’t popular, we made the right decision. 
We made the right decision in starting to free up credit again so that companies could borrow and small businesses could keep their doors open.  We made the right decision when it came to ensuring that all across this country states got help to keep teachers and firefighters and police officers on the job.  We made the right decision in making sure that we used this opportunity to rebuild big chunks of America -- our roads and our bridges and our rail lines. 

So we made a lot of good policy decisions.  But the reason we came back is ultimately because of the American people, because of their resilience and their strength.  They made it happen.  They decided, you know what, maybe I'll retrain for school.  A small business decided, I'm going to keep my doors open even though it's very hard to make payroll right now. 

One of the great privileges of being President is you go to every corner of the country and you see people from every walk of life, and it makes you optimistic about the American people.  Even over these last three and a half years, as tough as things have been, it made me more optimistic about the American people, that we have all the ingredients for success.

It's because of them that we've seen more than 4 million jobs created, more than 800,000 jobs just this year alone.  It's because of them that we're seeing more manufacturing jobs coming back than any time since the 1990s. 

But -- and this is where you come in -- all that work that we've done, all that effort, that stands to be reversed because we've had an opposition that has had a fundamentally different vision of where we should take America.  They had it from the day I was sworn in.  They made a determination that politics would trump what was needed to move this country forward.  And they have tried to put sand in the gears in Congress ever since.

And now they've got a nominee who is expressing support for an agenda that would reverse the progress we've made and take us back to the exact same policies that got us into this mess in the first place.  And the reason we're here today is because we're not going back.  We're going forward.  (Applause.)  We have worked too hard and too long to right the ship and move us in the right direction.  We're not going backwards, we're going forwards.  (Applause.)  That's what we're doing, New York.  And we're going to do it with your help!  (Applause.)

Now, the reason that they think they may be able to pull this off is because things are still tough.  There are a lot of folks still hurting out there; too may folks still looking for work, too many people whose homes are still underwater.  So we know we've got more to do.  That's why I'm running again, because our job isn't finished yet.  And this election in some ways is going to be even more consequential than 2008, because the choices are going to be starker this time. 

Keep in mind, when I ran in 2008, I was running against a Republican who believed in climate change, believed in immigration reform, believed in campaign finance reform, had some history of working across the aisle.  We had profound disagreements, but even during the midst of the financial crisis there was an agreement of the need for action -- to create jobs and create growth early. 

We don’t have that this time.  My opponent, Governor Romney, is a patriotic American.  He has seen enormous financial success, and God bless him for that.  He has got a beautiful family.  But his vision of how you move this country forward is what Bill Clinton said -- the same agenda as the previous administration, except on steroids.  So it's not enough just to maintain tax cuts for the wealthy, we're going to double tax cuts.  We're going to do even more of the same.  It's not enough just to roll back the regulations that we put in place to make sure that, for example, the financial system is transparent and working effectively so we don’t have taxpayer bailouts anymore, we're going to do even more to eliminate regulations that have kept our air clean and our water clean and protected our kids for 20, 30 years. 

When you look at the budget that they've put forward, they're not just talking about rolling back Obamacare; they're talking about rolling back the New Deal.  (Laughter.)  And that’s not an exaggeration. 

And so there's an enormous amount at stake.  And we're going to have to make sure that in this election, we are describing clearly what's at stake.  And we shouldn’t be afraid of this debate, because we've got the better argument.  We have got the better argument.

It's not just a matter of being able to say the change that we brought about in lifting the auto industry back, that’s something we're proud of.  It's not just the 4.3 million jobs.  It's not just the fact that 2.5 million young people have health insurance that didn’t have it before.  It's not just the fact that, as a consequence of our policies, millions of young people are getting Pell grants and have the capacity to go to college who didn’t have it before.  It's not just the track record I've amassed over the last three-and-a-half years that I am proud of. But it’s also the fact that when you look at our history, America has not grown, it has not prospered, it has not succeeded with a philosophy that says, "you’re all on your own." 

That's not how we built this country.  The reason we became an economic superpower is because for all our individual initiative, all our entrepreneurship, all our belief in personal responsibility, despite all those things, what we’ve also understood is there’s certain things we do better together.  Creating a public school system that works so that everybody gets educated -- we understand that.  (Applause.) 

The first Republican President understanding we built a Transcontinental Railroad to stitch this country together -- he understood that there’s certain things we do better together.  Investments in the National Academy of Sciences, investment in land grant colleges.  Eisenhower building the Interstate Highway System.  My grandfather and his generation going to college on the GI Bill.  Building the Hoover Dam, building the Golden Gate Bridge -- these things we did together.  And it created a platform where everybody had a chance, everybody got a fair shot, everybody did their fair share, everybody played by the same rules.

If you look at our history, the reason why we have the best capital markets in the world, the reason why Wall Street is the center of finance -- because we had rules in place that made us the most transparent, where investors could trust if they put their money there they weren’t going to be cheated.  You had a strong SEC.  You had FDIC.  You had an entire infrastructure that allowed our capital markets to thrive.  That's been a strength; not a weakness. 

Throughout our history, there have been certain things that we have to do together.  And what was true in the past is true now as well.  So that’s what’s at stake in this election.  I’m not going to go back to the days when suddenly our young people can’t afford to go to college just to pay for tax cuts for me and Bill Clinton. 

We’re not going to go back to the day where 30 million people can’t get health insurance despite working two jobs; where young people can’t stay on their parent’s policies, or seniors suddenly find prescription drugs more expensive again.  We’re not going to go back to the days when suddenly women don’t have preventive care, or we eliminate funding for Planned Parenthood. We’re not going back to those days.  I want my daughters to have the same opportunities as our sons.  And I want our women to have the same ability to control their health care decisions as anybody else.  We’re not going backwards.  (Applause.)

We’re not going to go back to the days when you couldn’t serve in our military and at the same time admit who it is that you loved.  (Applause.)  We’re moving forward with an agenda of dignity and respect for everybody. 

We’re not going to go back to the days when folks thought somehow there was a conflict between economic growth and looking after our environment and good stewardship for the next generation.  We’re not going back to those days.  (Applause.)

But we're going to have to fight for it.  This is not going to be an easy race.  Because of the Citizens United decision we’re seeing hundreds of millions of dollars spent, unprecedented numbers.  We haven’t seen this kind of spending.  There’s never been this amount of negative spending before.  There was a brief -- a newspaper just printed somebody had evaluated negative ads  -- 70 percent of our ads have been positive; 70 percent of their ads have been negative.  And I suspect that ratio could become even more pronounced as the weeks go by. 

And as I said, folks out there are still anxious and they’re still scared about the future.  And so what the other side is counting on is fear and frustration, that hat in and of itself is going to be good enough -- because they’re sure not offering any new ideas.  All they’re offering is the same old ideas that didn’t work then and won’t work now. 

Even when it comes to their big issue of deficits and debt, as President Clinton just mentioned, the truth is, is that the two Presidents over the last 30 years, 40 years, who’ve had the lowest increases in government spending, you’re looking at them right here.  (Applause.)  They're on this stage.  They are on this stage.  (Applause.)

And the agenda that we’ve put forward -- which says let’s put people to work right now rebuilding our roads and our bridges and putting teachers back in the classroom to accelerate growth now at the same time as we couple it with long-term spending restraint -- that's a recipe that works.  We’ve seen it work before.  We saw it work in the ‘90s.  There’s no reason why it wouldn’t work now.  And that will allow us to make sure that we can still invest in our future.

As I travel around the world -- and I know President Clinton does, as well -- you talk to people; nothing gets me more frustrated when I hear sometimes reports in the press about America’s decline, because around the world there’s nobody who wouldn’t trade places with us.  (Applause.)  We’ve got the best universities, the most productive workers, the best entrepreneurs, the best scientists.  We’ve got all the ingredients we need to make it work.  Now we just need the best politics.  Now we just need the best politics.  (Applause.)  And that's what this election is going to be all about.

So the bottom line is this:  All of you, you're going to have to work not just as hard as we did in 2008, we’re going to need you to work harder.  One of the things we learned in 2008 is for all the negative ads, for all the rough-and-tumble of politics, for all the distortions and just plain nonsense that you sometimes hear, when folks come together, when citizens come together and insist that it’s time for a change, guess what -- change happens. 

And what was true then is just as true now.  And I want you guys to know that it is true that my hair is grayer -- I haven’t quite caught up to Bill yet -- (laughter) -- but I’m getting there.  Those of us who have this awesome privilege of holding this office, we end up showing a few dings and dents along the way.  That's inevitable.  But I am more determined now than I was in 2008.  (Applause.)  I am more inspired by America now than I even was then, because I've seen more of this country, and I've seen its strength and I've seen its passion.  I've seen what's possible. 

I've seen the changes we've already brought.  And it shouldn’t make us complacent, but it should make us confident about the changes that we can bring about in the future.  (Applause.)  It means that we're going to be able to do even more to double clean energy.  It means we're going to be able to do even more to bring back manufacturing.  We're going to be able to do more to put people back to work.  We're going to be able to make sure that we're a nation of laws and a nation of immigrants. 
All those things on our checklist that we haven't yet gotten done we will get done.  But we're only going to get it done because of you.  I'm only going to get it done because of you.  (Applause.)

You know, I used to say that I'm not a perfect man -- Michelle will tell you -- and I'll never be a perfect President. No President is.  But I promised you I would always tell you what I thought, I'd always tell you where I stood, and I'd wake up every single day just thinking about how I can make the lives of the American people a little bit better, and I'd work as hard as I knew how to make that happen.  And I have kept that promise.  I have kept that promise because I still believe in you.  And I hope you still believe in me.  (Applause.)

Because if you're willing to join me this time out, and knock on doors, and make phone calls, and get out there and talk to your friends and talk to your neighbors, I promise you we will finish what we started in 2008.  (Applause.)  We will not go backward.  We will go forward.  And we will remind the entire world just why it is the United States of America is the greatest nation on Earth.

Thank you, New York.  I love you.  God bless you.  God bless America.  (Applause.)

END
9:28 P.M. EDT

The White House

Office of the Press Secretary

Remarks by President Obama and President Clinton at a Campaign Event

Private Residence
New York, New York

5:24 P.M. EDT

PRESIDENT CLINTON:  (In progress) -- and secondly, the alternative would be, in my opinion, calamitous for our country and the world.  I think that he's got the right economic policies and the right political approach, and I think their economics are wrongheaded and their politics are worse. 

And if you just look at -- the month he took the oath of office, we lost 800,000 jobs.  In the last three and a half years, the economy has produced 4.3 million -- 27 months, really, -- 4.3 million private sector -- for the last three-and-a-half years.  It is 60 percent more jobs -- listen to this -- 60 percent more private sector jobs than were created in the seven years and eight months of President Bush's administration, before the meltdown -- before the meltdown.  And he did it with the so-called stimulus bill, with the automobile restructuring -- which I think is an amazing achievement -- and with a number of other things, including a serious commitment to an independent energy future and a commitment to bringing manufacturing back to this country.

And things have slowed up a little now for two reasons -- one is Europe, which is beyond our control, although he and his national security team are working hard on it.  That is, the economic team is now our national security team in Europe.  (Laughter.)  And the other is that the Republican Congress and their nominee for President, Governor Romney, have adopted Europe's economic policy.  Who would have ever thought that the Republicans who made a living for decades deriding "old Europe" would embrace their economic policy?  (Laughter.)  But that’s what they've done.

Their economic policy is austerity and unemployment now, and then a long-term budget that will explode the debt when the economy recovers so that interest rates will be so high nobody will be able to do anything.  His economic policy is job growth now, and long-term budget restraint. 

If you look at the budgets, their budgets, every one of them, all the congressional budgets and Governor Romney's add $1 or $2 trillion to the trajectory of the debt that we're on right now.  His budget takes it down.

And if you look at their politics, it's constant conflict.  And the only thing in the world that’s working is cooperation.  When he has a free hand, he cooperates.  He got labor and management together in the auto restructuring, and we've got 80,000 more people working making American cars, and saved 1.5 million jobs. 

I know a lot about this -- I grew up in a car dealership.  (Laughter.)  I know a lot about this.  We would never have heard the end of it if those two companies had failed and all those auto parts manufacturers had failed and all those dealerships had closed.  It would have been a nightmare. 

He got labor, management, the environmental groups and the government together on the auto-mileage standards -- you got 150,000 new jobs out of it. 

Cooperation is what works.  Constant conflict is a dead-bang loser.  You can see it all over the world. 

So the politics is wrong on the Republican side; the economics are crazy.  He's got good policies.  He's got a good record.  He's made the best of a very challenging situation.  He deserves to be reelected.  And I know I don’t have to say that I think he's done an extraordinary job with the national security responsibilities of the country, both making it safer and building a world with more partners.  And he had a pretty good Secretary of State, too.  (Laughter and applause.)

So I thank you for being here, and I hope you will try to find simple, direct ways to say these things to your friends and neighbors.  This is what's important.  What happens and whether we can bring back the American Dream or not is riding on whether he wins this election in a clear and unambiguous way, and we make it clear that we want a politics of cooperation and an economics of growth and broadly shared prosperity. 

President Obama.  (Applause.)

PRESIDENT OBAMA:  Thank you everybody.  No need to -- thank you so much.  Thank you.  (Applause.)  Thank you.  Please, please.

Well, first of all, to the Lasry family, to Marc and Cathy, all the kids -- particularly Alex, who had been working with Valerie Jarrett for a while and now is off to business school -- I just want to thank them for their extraordinary friendship.  They have been great supporters and great friends for a really, really long time.  And so to open up their beautiful home to us and offer such great hospitality, I can't be more grateful.

To President Bill Clinton -- as usual, he pretty much summed it up.  (Laughter.)  So I don’t have to add too much -- don’t want to guild the lily here. 

Nobody has a better grasp and understanding of the issues than this man.  He spent eight years guiding this country through, initially, some difficult times, and then ushered in one of the greatest booms that we've seen -- a recipe of stable, steady growth in which everybody participated, growth that started from the bottom up and from the middle class out. 

And everybody did well, including those at the top, because -- in part, because of President Clinton's background.  He understood what it takes to grow this economy, that there's just extraordinary talent all across the country.  In little places in Arkansas and little apartment buildings in Hawaii and -- (laughter) -- there are folks out there who are eager to live out that American Dream and create new businesses and new opportunities.  And just about everybody here, somewhere in their lives they've known that when we work together we can't be stopped.  And that’s what's at stake in this election, as Bill said. 

I want to spend most of my time answering questions, but part of what I’m going to be doing over the next several weeks is just clarifying for people the choice involved -- because we have a fundamental choice.  And the truth is it’s an argument that dates back to Bill Clinton’s presidency.  As you will recall, you didn’t get a lot of cooperation out of those Republicans in Congress either.  (Laughter.) 

And the basic issue is after World War II, we arrived at a basic consensus in this country; it was a rough consensus between Republicans and Democrats, and there was a spectrum there, but everybody understood that the market was the best generator of wealth and opportunity that we had ever seen.  It was understood that America’s business was business, that government is not the ultimate source of our wealth and our freedom.  But what we also understood was that there were certain investments we had to make to create a platform for opportunity for everybody. 

And so among Democrats and Republicans there was a belief in a basic social safety net.  And there was a belief that regulations wouldn’t inhibit necessarily economic growth, they could actually advance them.  Because the reason we had the best capital markets in the world was people trusted our capital markets, and they believed in disclosure, and they believed in transparency and openness and accountability.  And so small investors and large investors said, you know what, let’s put our money in America. 

And people from Richard Nixon to George H.W. Bush understood that if we have smart environmental regulations that can actually create opportunity.  And if we have good consumer regulations, that actually helps America’s brand because people can trust our products and trust our services. 

And there was an understanding we’re going to make an investment in education, whether the GI Bill or opening up more and more opportunity for a college education, and making sure that we’re investing in our -- the crown jewel of America’s economy, our colleges and our universities -- because we understood that that’s where innovation comes from and ultimately that’s going to create opportunity.

And we understood whether we were going to make investments in the Interstate Highway System or in DARPA that ultimately that would inure to the benefit of the marketplace. 

And we understood that we had to pay for it.  The notion was this stuff wasn’t going to be free.  It used to be the argument between Democrats and Republicans was what’s the best way to pay for it, but we understood that ultimately these were investments worth making.  And there were times where Democrats got a little excessive.  We had a little too much faith in government, a little too much faith in regulation, and there was a corrective mechanism.  And Bill Clinton helped to correct some of our excesses. 

And we understood not every government program is going to work, and we understood that not every regulation should be command-and-control, top down; that a lot of times the market might provide -- if we provide the proper incentives, the market might come up with better solutions for how we were going to solve some of these vexing problems.

But over the last 15 years, the last 20 years, that consensus has broken down.  If you look at what the Republican Party today represents -- we haven’t moved that much.  If you’ve compared -- there’s a reason why Jack Lew was the OMB Director under Bill Clinton and he was my OMB Director and now my Chief of Staff.  Jack hasn’t changed that much.  (Laughter.)  He’s gotten a little grayer.  (Laughter.)  Our basic policies haven’t shifted.  We’ve responded to new information and new circumstances. 

What’s changed is the Republican Party.  They have gone from a preference for market-based solutions to an absolutism when it comes to the marketplace; a belief that all regulations are bad; that government has no role to play; that we shouldn’t simply be making sure that we balance the budget, we have to drastically shrink government, and eliminate those commitments that have ensured a middle class had a chance to succeed and to thrive for several generation. 

And so if you look at Paul Ryan’s budget or you look at Governor Romney’s proposals, what they’re talking about is something that is fundamentally different from our experience in growing this economy and creating jobs.  And so that’s going to be the central issue in this campaign.  And we’re going to do everything we can to clarify that choice. 

The good news is the American people I think agree with us. The challenge is that things have been very tough for people for the last three, four, five, 10 years.  And when things are tough, you’re willing to try just about anything even if you’ve seen it before.  And so what we have to do is to make sure that we’re constantly getting a clear message out about how we intend to grow the middle class, how we’re going to create jobs, and how our positions are squarely in the center of America’s traditions.

We’re not the ones who changed.  And the track record that Bill Clinton mentioned is one that I’m extraordinarily proud of, but as important as the work that we’ve done over the last three and a half years has been, this is actually an election that’s going to set the stage for what we do over the next 20 or the next 30.  And I want the American people to understand that. 

But I think precisely because we’re right on these issues, I think we’re going to win this election.  We’re just going to make -- we’re going to have to just make sure that we get our message out effectively.  And that means help from all of you. 

So I’m grateful for all of you being here and I’m looking forward to hitting the campaign trail hard.  And luckily I’ll have some pretty good companions along the way. 

Thank you.  (Applause.)

END               
5:38 P.M. EDT

The White House

Office of the Vice President

Remarks by Vice President Joe Biden at the Cypress Bay High School Graduation Ceremony

Marlins Park
Miami, Florida

5:18 P.M. EST

THE VICE PRESIDENT: Thank you all very much. (Applause.) Please, please be seated.

As a kid, this was my dream, standing at home plate at a major league ballpark, not as a speaker but as a batter. But I had to settle for becoming Vice President. (Laughter.)

Ladies and gentlemen, parents, the graduating class, grandparents, brothers and sisters, what a great day for all of you, the parents of those graduating today. To you, Principal Neely, affectionately known as the “Big Kahuna” -- (laughter) -- to the administrators, the faculty, this entire community, this is truly a remarkable school. What you’ve built in 10 years is amazing.

When Debbie asked me a while ago whether I would come down and be your commencement speaker, I was honored. But as she started to tell me about the school, I began to wonder whether or not she was just overselling to get me to come the day after my daughter’s wedding.

Well, ladies and gentlemen, you are absolutely amazing, and nothing is more amazing than you students. (Applause.) Class of 2012, you are a remarkable, remarkable group of graduates. (Applause.)

As we’ve heard from your principal, you haven’t just distinguished yourself on the field; you’ve distinguished yourself in every field: soccer championships, tennis championships, math championships, more AP tests than I can count and nationally ranked debaters.

More importantly, from my observation, it’s the atmosphere you’ve created here that has enabled you to excel; an atmosphere of acceptance and support for one another; a cohesion that is rare in any school, much less a school as big as this one.

If you can take that attitude with you –- the attitude where you don’t simply tolerate differences of background and opinion, you accept it, you even solicit the differences -- if you can take that with you, it will be one of the keys for your success in life, because there is nothing, nothing your world is going to need more than being able to accept, support, and work with people with very different views.

As the world shrinks, what happens in a remote province of Pakistan or Nigeria or Brazil is known by the entire world within a matter of minutes. The democratic movement that has swept across the Middle East, the so-called Arab Spring, began when a simple fruit vendor set himself on fire to protest a corrupt government. And a wildfire spread across a quarter of the world, a confrontation that was magnified by social media, and has set off a revolution. Isolation is obsolete today, even where it may still be desired.

But here’s the thing: As the world shrinks, the cultural divides in the world do not shrink. The lines marking cultural and religious differences do not blur. In fact, those lines become more stark as we confront those differences up close.

And those lines don’t have to be halfway across the world. You know that. They can be in your neighborhood or in your school. You can see them in the hallways, in the cafeteria, in the locker next to yours.

At the same time, the same technology that can inspire a democratic movement across the Middle East -- well, it can also bring a school or a community together or it can tear it apart. Information today moves fast, and the world you’re about to enter it will move even faster.

But so does gossip. You can build lifelong friendships and loyalties or tear someone down. Tolerance, respect and understanding are not some obsolete old notions that don’t matter anymore. In the new world you’re inheriting, they will matter more than they ever did in the history of mankind.

You know, there’s a lot of talk these days that America’s future is not as bright as its past. But I’m here to tell you don’t believe that not for a single moment. Class of 2012, you’re going to live through a period of the most remarkable and rapid technological, scientific and medical breakthroughs in the history of mankind. And we’re going to lead those changes from America. And you’re going to lead those changes as you leave this school.

So, don’t sell yourself short. Don’t think small. Don’t give in to the cynicism, the pettiness and the negativity that so often pervades our public discourse. Believe in yourself, and believe in the promise of this country.

And, imagine. That’s my simple advice to you today: Imagine. Imagine the progress you will see and achieve in your lifetime. Imagine the breakthroughs that are on the horizon and just beyond it.

Imagine, by the time you’re in a position to buy your first home, putting a roof of solar shingles that will cost no more than today’s ordinary shingles, will be able to power your home –- heating, cooling, running appliances -- at a fraction of the cost your parents pay today.

Imagine a day within your lifetime when doctors can and will engineer your white blood cells to attack cancer cells, and leave healthy cells untouched, allowing cancer patients to live out a full life without undergoing the difficulties some of you observe -- painful chemotherapy and radiation procedures.

Imagine the day, when in your lifetimes, doctors are able to regenerate entire body organs and limbs that have been damaged and lost -- not only saving tens of thousands of lives, but restoring the thousands of our Iraq and Afghan veterans coming back in need of prostheses, so they’ll be able to live a full and ambulatory life.
 
As an aside, in the future -- just one example -- using 3D printers, we’re going to be able to restore tissue after traumatic injury or a burn, restore it back to its original state. It’s literally around the corner.

Imagine a world in which hunger is vanquished by crops that don’t depend on the soil, water, or fertilizer or pesticides to thrive. They’re just around the corner. Imagine famine being a memory, and with it, the end of so much war and conflict that plagues so many parts of the world.
 
Imagine a world in which nations no longer depend on nuclear weapons for their defense.
 
And imagine a day when the lightweight materials, cleaner fuels, advanced engines simultaneously make our air cleaner, allowing us to go the equivalent of hundreds of miles to the gallon and maybe most importantly, freeing us from our dependence on foreign oil and all that entails for our nation. And imagine when your “senior spots” are all charging stations, powering up cars that can go hundreds of miles on a single charge.
 
What we imagine today, you will build tomorrow. And when you do, it will be revolutionary not only for your generation, but for this nation.

In this new world, you have a great advantage over so many others. And that advantage was instilled in you right here at Cypress Bay. You may not have seen it, you may not have recognized it, known it was even happening -- but it was, because beyond your academic excellence, here is what will separate those of you who will succeed from those of who will fail. And that is your ability to be able to discern between what’s noble and what is ignoble, between what is pure arrogance and what is done to genuinely help the lives of human beings.

You will need an appreciation and a capacity for tolerance, a tolerance of different traditions and different views. You will need an ability and a willingness to recognize that people pursue truth in different ways. You will need an innate skepticism about those who claim they have the answer when it comes to what is true and right.

The United States is at this moment, as a former President said, and I quote, “the indispensable nation,” not because we’re perfect, but because we’re tolerant, because we’re open. We reach out to others. We understand we cannot afford to waste anyone’s talents. And what makes -- and that’s the very thing that makes you the “indispensable generation”.

You’ll be at the forefront as we leave two wars behind us. You will be at the forefront in shaping whether the age in front of us is an age of deepening conflict or increasing tolerance. You will be determining not only the future of this country, but what its heart and soul is.

That’s why I started this speech by saying that what is most remarkable about you is the atmosphere of acceptance and support for one another, tolerance. I said at the beginning that technological change can cause cultural clashes. When I was a kid in grade school, it was the television that showed all of America how black America was being treated. When Bull Connor sicced his dogs on women and children peacefully assembling in their Sunday best, it awakened an entire nation and inspired my generation, a generation most of whom had never seen anything like that before.
 
And many people of my parents’ generation and mine wondered, would we ever be able to bring this country together, to live together? Would we ever be able to have real equality in the face of that kind of brutality that the television screen brought into our living rooms?

The Civil Rights movement -- which I was involved in, in my little small way at home -- reached a calamitous point when I was graduating from law school. Dr. Martin Luther king was assassinated in Memphis three months before my graduation day. There were riots in many cities in America, including my own. Wilmington, Delaware was burning. As a young public defender, I still imagined, with my generation, that we could heal this God-awful situation; that we could rise out of the ashes, and maybe find a way out together.

But the cynics told us we couldn’t. Then, 40 years from the time Dr. King was assassinated, I was standing on a railroad platform in Wilmington, Delaware. It was a January 17th, 2009 -- a bitter, cold, but glorious day. Thousands of people were in the streets of Wilmington and the parking lots, waiting for the same thing I was.

As I stood on that platform and waited, I looked out over my city -- a part of the city that was in chaos when I had returned 40 years earlier, when I imagined and prayed we could live together. I was standing there with those thousands of other people, waiting for a man on a train coming from Philadelphia to pick me up and take me a short 125-mile train ride, a ride I had literally taken several thousand times before as a U.S. senator, to Washington D.C.; only, this time, for a very different purpose, I was being picked up by a friend, and African American friend. Barack Obama. (Applause.)

We were taking -- regardless of your politics; this is not a political comment. It’s about transition in America. We were taking that short ride to be sworn in as President and Vice President of the United States of America. Not only can and do we live together -- we now govern together. That much can change in 40 years. Just think what’s going to change in the next 40 years of your life. (Applause.)

This is a good country. This is a decent and noble country. Your generation will take on the task entrusted to each generation, to give meaning to the central words -– the central challenge -– of our Constitution: “to form a more perfect union.” Because that’s what our country’s journey is all about. That’s what your journey is all about: to form a more perfect union.

And you start this journey better equipped than any graduation class that has come before you. You have the power to create more than the perfect union, and that power resides in you. Not in a laboratory. Not in a computer. But inside you. Don’t forget it. Remember what you learned here about decency, tolerance, reaching out, embracing differences. And if you do, my country, our country, will continue to be the greatest country in the history of mankind.

Congratulations, Cypress Bay [High School] Class of 2012. (Applause.)

END
5:38 P.M. EDT

The White House

Office of the Press Secretary

Remarks by the President on Equal Pay for Equal Work via Conference Call

Via Conference Call

Please see below for a correction (marked with an asterisk).
CORRECTION:  Women still earn just 70 77* cents for every dollar a man earns.

12:15 P.M. EDT

THE PRESIDENT:  Hey, guys, thanks for joining the call.  As Valerie just said, and I know everybody has been talking about, tomorrow Congress is going to have a chance to vote on the Paycheck Fairness Act.  I don't have to tell you how much this matters to families across the country.  All of you are working day in, day out, to support the basic principle, equal pay for equal work. 
 
And we've made progress.  But we've got a lot more to do.  Women still earn just 70 77* cents for every dollar a man earns.  It's worse for African American women and Latinas.  Over the course of her career a woman with a college degree is going to earn hundreds of thousands of dollars less than a man who is doing the same work. 
 
So at a time when we're in a make-or-break moment for the middle class, Congress has to step up and do its job.  If Congress passes the Paycheck Fairness Act, women are going to have access to more tools to claim equal pay for equal work.  If they don't, if Congress doesn’t act, then women are still going to have difficulty enforcing and pressing for this basic principle.
 
And we've got to understand this is more than just about fairness.  Women are the breadwinners for a lot of families, and if they're making less than men do for the same work, families are going to have to get by for less money for childcare and tuition and rent, small businesses have fewer customers.  Everybody suffers. 
 
So that's why we moved forward with the Lilly Ledbetter Fair Pay Act.  That's why I established a National Equal Pay Task Force to help crack down on violations of equal pay laws.  Earlier this year, the Department of Labor announced the winners of a national competition for equal pay apps that give women interactive tools and key information to help them determine if they're getting paid fairly. 
 
So we're going to be releasing this afternoon a formal administration policy message supporting the Paycheck Fairness Act, and we're going to call on Congress to do the right thing.  But let's face it.  Congress is not going to act because I said it's important; they're going to act because you guys are making your voices heard.  So senators have to know you're holding them accountable.  Everything that they're going to be hearing over the next 24 hours can make a difference in terms of how they vote. 
 
We've got a long way to go, but we can make this happen, and together we can keep moving forward.  So let's make sure hard work pays off, responsibility is rewarded. 
 
I appreciate everything you guys do.  And I'm going to turn over the call to Cecilia Muñoz, who is going to describe the Paycheck Fairness Act in more detail.
 
Thanks, everybody.  Bye-bye.
 
END
12:21 P.M. EDT

The White House

Office of the Press Secretary

Remarks by the President at a Campaign Event -- Private Residence, Chicago, IL

Private Residence
Chicago, Illinois

9:00 P.M. CDT

THE PRESIDENT:  Thank you, everybody.  (Applause.)  Thank you.  Well, first of all, it is just good to be home.  And it is good to be back with so many close friends. 

Jim was in some ways being modest, because he talked about supporting me for my presidential race -- but, like so many of you here, like folks like John and Neil and other folks in this room -- actually the Crown family from the grandpas all the way to the grandkids, they supported me when I ran for State Senate; supported me when I lost a congressional race; supported me when I won my Senate race; and then supported me in my run for the presidency.  These guys have been friends for a really long time. And Michelle and I love them to death, and to see how remarkable their children have turned out, watching them grow up, is a great thing to see.  So please give the Crowns a big round of applause. (Applause.) 

So I am not going to give a long speech.  This really is family.  You guys know me.  You don't need to hear a lot of speechmaking.  What I want to do is mostly answer questions and entertain ideas and comments from you.  But what I do want to just say briefly is both what this campaign is going to be about and why it's going to be so important.

There are going to be a lot of issues involved because we have probably as sharp a contrast between two candidates as we've seen in a very long time -- substantively.  I feel very strongly we've got to have comprehensive immigration reform. 
We're a nation of laws and a nation of immigrants.  Governor Romney has a different view.  I care very deeply about women's health issues.  Governor Romney thinks differently about those issues. 

I very much believe that the environment and making sure that we're protecting it for the next generation is consistent not just with Democratic traditions, but with traditions dating back to Teddy Roosevelt, a Republican.  Mr. Romney disagrees with me. 

So there are going to be a whole set of issues to debate.  But the essence of this campaign is going to be about the economy.  It's going to be about how do we create an economy that works for everybody, that is dynamic, that is competitive, that meets the challenges of the 21st century, and provides a platform where everybody who's willing to work hard can succeed.  And I mean everybody -- whatever their background, race, gender, surname, faith -- that if you're willing to apply yourself and do everything it takes to follow your dream, that you can make it in this country. 

And not everybody is going to make it like a Lester Crown or a Neil Blum, but you should be able to find a job that pays a living wage, and buy a home and send your kids to college and imagine that they're going to do better than you did, and have some sense of security after a lifetime of labor. 

And the big challenge is not just since this financial crisis but for a decade before that people felt that that basic compact was slipping away, that basic security was being lost, that rewards weren’t matching up to effort and responsibility. And so that is going to be the essence of the debate:  Who has got a vision for how we make sure that the next generation of Americans as well as this generation of Americans can succeed if they're responsible and they're working hard.

Now, obviously so much of that debate is going to be colored by the fact that we've had an unprecedented crisis, something we haven’t seen at least since the 1930s.  And today's job report reminds us that for all the progress we've made, the world economy is integrated and it's still fragile.  Too many people still out of work.  Too many folks still have homes underwater.  Too many people are still struggling to pay the bills.  Too many people are still struggling with debt. 

But the truth is, is that the steps we took back in 2009 and 2010 have helped to stabilize this economy.  It is growing.  We've created more than 4 million jobs, more than 800,000 in the last few months alone.  And if as we work with other countries in Europe but also in Asia to try to restore a sense of stability in the world economy, then I have no doubt that we can continue on a path of growth.  But that alone is not enough. 

And so the debate is going to have to extend beyond just how do we solve immediate crises; it's going to be how do we make sure that every child is getting the kind of education they need in the 21st century.  It's going to be how we continue to make progress on energy independence and clean energy that's important for our economy, but also for our environment.  How we're going to make sure that we are reducing the costs of health care while improving the quality of health care -- because we are still spending 17 or 18 percent of our GDP on health care.  Other countries spend 11 or 12 percent and they're still getting better outcomes.  And I believe that the health care bill that we passed is pushing us in the right direction, but we're going to have more work to do on that front.

We're going to have to debate how to reduce our deficit in a way that still allows us to make the investments we need to grow, and make sure that everybody is paying their fair share, doing their part.  We're going to have to talk about how we rebuild our infrastructure and our broadband lines and our wireless and all the things that we need that provide a platform for success -- and how we're investing in basic research and development.

And on each of these questions there's just a fundamentally different vision between myself and Governor Romney.  I think he's a patriotic American.  He's had great personal success, which we applaud, and he seems to have a wonderful family.  But his recipe for how we grow an economy in a way that allows everybody to prosper, that's broad-based and lasting, is basically a retread of ideas that we tried before I came into office and didn’t work, and in fact haven’t worked for most of our history. 

And so that's what the debate is going to be about.  And there are going to be all kinds of distractions over the next five months, but I cannot wait to have that debate.  And I want the American people to hear it, with great clarity, because if they understand the choices involved I'm absolutely convinced we're going to win.  And as a consequence, I'm absolutely convinced that the 21st century is going to be the American Century just like the 20th.

So, thanks.  Thank you.  (Applause.)

END        
9:09 P.M. CDT