The White House

Office of the Press Secretary

Remarks by the President at Signing of Executive Order to Cut Waste and Promote Efficient Spending Across the Federal Government

Oval Office

11:40 A.M. EST

Well, from the day I took office, one of the commitments that I made to the American people was that we would do a better job here in Washington in rooting out wasteful spending.  At a time when families have had to cut back, have had to make some tough decisions about getting rid of things that they don’t need in order to make the investments that they do, we thought that it was entirely appropriate for our governments and our agencies to try to root out waste, large and small, in a systematic way.

Obviously, this is even more important given the deficits that we’ve inherited and that have grown as a consequence of this recession.  This makes these efforts even more imperative.

Now, this does mean making some tough choices.  It means cutting some programs that I think are worthy but we may not be able to afford right now.  A lot of the action is in Congress and legislative and budget.  I know the joint committee on trying to reduce our deficits are engaged in a very difficult conversation right now, and we want to encourage them to complete their work.  But in the meantime, we don’t need to wait for Congress in order to do something about wasteful spending that’s out there.

Cutting waste, making government more efficient, is something that leaders in both parties have worked on, from Senator Tom Coburn, a Republican, to Democrat Claire McCaskill.  We haven’t seen as much action out of Congress as we’d like, and that’s why we launched on our own initiative the campaign to cut waste.  Not just to cut spending but to make government work better for the American people.

For example, we’ve identified thousands of government buildings that we don’t need.  Some have sat empty for years.  So we’re getting rid of those properties, and that’s going to save the American people billions of dollars.

As part of this campaign, I’ve also asked federal employees to do their part and share their ideas on making government more efficient and more effective.  And two of them are here today, so I want to introduce them.

Roger Rhoads works at the Department of Commerce.  Raise your hand, Roger.  There’s Roger.  He found a way to save the Department almost $2 million a year on its cellphone bills.  And I’m sure that there probably is some consumers out there that would like to talk to him and find out what they can save on their cellphone bills.

Celeste Steele is here.  Celeste, raise your hand.  Celeste works at the Department of Homeland Security, and she’s helping save taxpayers tens of millions of dollars by changing the way the Department buys goods and services.

So we’ve received nearly 20,000 suggestions from federal employees.  I just completed a videoconference with the four finalists of our annual SAVE award -- 20,000 submissions of ideas from federal employees about how we can reduce waste, eliminate duplication, redundancy, paperwork.  And these four finalists have some terrific ideas:  putting books that have been ordered every year online instead of continuing to incur the shipping costs, to having a tool library over at NASA so that instead of buying very specialized tools over and over again for different projects, we actually keep an inventory of those tools.

In addition to soliciting ideas from federal employees, I’ve also tasked Vice President Biden to work with the Secretaries of all our agencies to identify some systemic areas of potential improvement -- travel, transportation, IT services -- all of which we know can save us potentially billions of dollars.  And in September Joe convened the Cabinet and has really pushed them hard in finding savings across all our agencies.

So today I’m signing an executive order that builds on their good work.  It directs agencies to slash spending in each of these areas -- travel, printing, IT -- because we believe that we can get better results for less using technology.  And overall, spending in the areas covered by this executive order will shrink by 20 percent.  And members of my Cabinet will keep reporting on their progress to Joe Biden, and ultimately to me.  And we’re going to hold them accountable for meeting this 20 percent reduction goal.

These are important steps that can save taxpayers billions of dollars over the next several years.  It doesn’t replace the importance of the work that Congress needs to do in coming up with a balanced, bold plan to reduce our deficit, but it indicates once again that there are things that we can do right now that will actually deliver better government more efficiently, more consumer-friendly for less money.  And we’re going to keep on finding every possible way that we can do that even if Congress is not acting.

So with that, I’m going to sign the bill, but I want to thank all the officials who are behind me here today for taking this project so seriously. 

(The executive order is signed.)

There you go.  Thank you very much. 

END                
11:46 A.M. EST

The White House

Office of the First Lady

Remarks and Q&A by the First Lady at a Mentoring Event - College Immersion Day at Georgetown University

Georgetown University
Washington, D.C.

2:25 P.M. EST

MRS. OBAMA:  Hey!  How are you all doing? 

AUDIENCE:  Good.

MRS. OBAMA:  That’s good.  Thank you so much.  I am thrilled to be here.  I hope you have had a great afternoon.  You’ll tell me all about it shortly.  But I want to start by thanking President DeGioia, not just for that kind introduction but for hosting us here today at Georgetown.  And he does so much for our family; we’re neighbors.  My house is right down the street, so -- (laughter) -- we often rely on the Georgetown community and we’re grateful for all of you for taking the time.

I also want to thank these fantastic college students who you have spent some time with, for giving you just a little taste of life here at this school.  And I want you all to know that these students, everyone here at Georgetown, they’re not doing this just to be nice -- even though they are very nice -- that’s what I’ve heard; you all have been terrific.  And they’re not doing it just because I asked them to, although I hope that helped a bit. 

Everyone here who is hosting you today, they’re here for one simple reason, and it’s important for you all to know:  We’re here because we all believe that all of you belong at colleges and universities just like this one.  And that’s one of the reasons why we want you to spend time on these campuses.  We believe that all of you have exactly what it takes to continue your education after high school, and to succeed in any career or any endeavor that you choose.  And we really want you to believe that as well.  I want you to believe that.  That’s why we do this not just all across the country, but we have done mentorship sessions like this all over the world. 

We want you to look around what is a beautiful campus.  Don’t you agree?  I mean, this is just a beautiful place to live for a little while, right?  But we want you to look around and imagine yourselves walking around these halls.  I mean, look at this place.  See yourselves here.  We want you to talk to these students and realize that you are no different from anyone who’s here.  And it’s important for you to start out with that belief that you belong here.  This is where you fit in.

And I know it’s not always easy.  Sometimes it’s easier said than done.  And I remember back when I was your age, headed to college -- neither one of my parents had gone to college; they were not college graduates.  I do have an older brother who went to college.  And there were people in my sphere who had gone to college, but my parents didn’t.  Most of the people in my neighborhood hadn’t gone either.  I grew up on the South Side of Chicago, and people were smart and engaged, but college wasn’t always the next step for people.

So there were plenty of well-meaning but misguided people in my lives who questioned whether someone with my background could succeed at college, particularly at Princeton, where I wound up going.  So after a while of hearing their doubts and hesitations, of course, that fed into my own natural fears.  I was naturally hesitant and not sure about it myself.

So when I started out at my freshman year at Princeton, I wondered whether I’d be able to compete with my classmates.  And believe me, these were kids who had gone to the best schools all over the world.  They were wealthy, they were privileged, and they didn’t go to public schools like me, many of them.  There were just two other kids from my high school who went to Princeton.  So I worried that I wouldn’t be prepared and that I wouldn’t be able to compete with these kids who had so many other advantages than I had.

But once I started attending classes and starting walking around on those campuses -- that campus, and living in my dorm and meeting these other students, I started taking tests and writing papers, I found out that I could do just as well, if not better, than most of my classmates.  And I realize that it didn’t matter where I was from or how much money my parents made; what mattered was how deeply I was willing to believe in myself.  That was the primary thing that got me through, was sort of looking at my performance and saying, yes, I can compete.  What mattered even more than that was how hard I was willing to work, because I did have some deficits coming in, so I had to pump it up just a little bit more than probably other students there.  But I knew that what I put in was what I would give out.  And that’s something that I want to emphasize to all of you today.

What you have to understand is that no one is born successful.  There are people who are born lucky, but no one is born successful.  You become successful through hard work.  Anybody who has accomplished anything in the world -- I don’t care where they’ve come from -- they will tell you that is what they put in.  No one is born being a brilliant writer or a scientist or an athlete or a musician.  Those are things that you become through practice, through discipline, and by putting in the time and the effort.

So today -- and we’ll talk more -- but I really want to urge you all, we brought you here today so that you start to get into the habit of investing in yourself 100 percent in every single thing you do.  This is something, the President and I, we spend dinnertime talking to our girls who are 13 and 10.  You have to invest 100 percent in every single thing you do -- 100 percent in your classes, every single one of them, whether you like them or not; 100 percent in your extracurricular activities, which means that it’s not enough just to be a good student -- you got to be involved in other things, and you’ve got to be a leader in those things as well. 

And the other thing we tell our girls is whatever you do, do not be afraid to make mistakes.  I mean, this is the lesson I am trying to teach my fifth grader:  Do not be afraid to make mistakes, because that’s how you get better.  This is what this place is for.  Education is about learning.  No one expects you to already know this stuff.  So by messing things up, you can figure out how to do it right the next time.  So don’t use your mistakes as a point of embarrassment.  That’s your job, is to learn. 

My husband and I, again, tell this to our girls all the time.  So nothing you’re going to do is easy, because if it is too easy it may mean that you’re not challenging yourself enough.  So I want you to remember that what makes sense for your friends or your classmates might not always be the right thing for you.  You’ve got to step outside of your comfort zones.  You got to make sure that you’re on your path, and your path may not be the exact same path as some of your best friends -- which may often be the case -- so you got to find your path and make sure that you’re on it.

And I want you guys to own your dreams.  So you got to figure out who you are and then own it.  All right?  The only reason I’m standing here today is because I own some level of excellence, in terms of how I thought about myself.  And the same thing is true for my husband and everybody that I know who is working in this administration.  At some level they bought into their own idea that they were worthy of something.

So this is the beginning of what I hope will be an important journey for all of you, that leads you right here to places like this.  But it doesn’t come on its own.  It comes if you and when you invest in yourselves.  So I hope that you enjoyed this time and that you learned a lot about what this university has to offer.  But there are thousands of excellent schools across this country.  That’s something that’s important to remember. 

You can get an education right in your own backyard, but you can also see the country and the world.  And somewhere out there, there’s a college or university that’s right for you, but you got to prepare yourself for it.  You got to be ready so that when the time comes you can perform at very high levels.

So I’m going to stop talking, and I think you guys are going to have a chance to ask me some questions and maybe share some stuff.  I want to know what’s on your mind, how you’re thinking about this, what you’re afraid of, what you’re worried about, and what you want to know.  I know there’s press here, but you got to pretend like they don’t exist. 

And the other thing I tell my girls -- do not be afraid to use your voice.  So speak up.  This is an opportunity.  You’re not going to get to hang out with the First Lady of the United States all the time.  (Laughter.)  I wish I could.  If it were my choice I’d be hanging out with you all all the time.  So make sure you take advantage of these opportunities.  And I think that Todd Olsen is going to join us to facilitate this part.

Todd, come on up.  I think I have a seat here.  So let’s hear what you guys have --

MR. OLSEN:  First, Mrs. Obama, thank you so much for you inspiring comments and for taking the time to be with us this afternoon.  As we talked about earlier, preparing for college and being in college is not a spectator sport.  It’s about actively participating in conversations.  And we’re honored to have the First Lady here for this conversation today.  And I know some of you have questions you’ve prepared.  And the first person who I know wanted to ask a question is Daria Johnson (ph).

Daria, please stand up and share -- let us know what high school you’re from and share your questions.

MRS. OBAMA:  Hey, Daria.  Get your mic.

Q    I’m from Freedom High School, and my question to Michelle Obama is, when you went to law school, what were your strengths and weaknesses?  And how did you overcome them?

MRS. OBAMA:  That’s a good question.  That’s a long time ago.  Law school, 1988.  Who was born then?  That’s so sad.  (Laughter.)  Oh, so sad.  They weren’t even born when I went to law school. 

Anyway, okay, what was my strengths and weaknesses in law school.  I think one of my strengths was that I had a big mouth and I liked to talk a lot.  That’s why mother said I should go to law school.  It’s like, “You like to talk, just go.”  (Laughter.)   So I think that was one.

It’s good in a law school environment to be willing to use your voice and to make your argument and to get your point out there because, again, that’s how you learn.  And I think that was something that worked for me.  I was also open to trying some new things, so I got to work for the Harvard Legal Aid Bureau, and we did public-interest law for underserved people in the community.  And that was one of the best things that I did.  So not being afraid to step out and try some new things.

I think one of my weaknesses in law school in particular was being able to get geared up for courses that I wasn’t excited about, right?  Because in law school in your first year, you’re really taking a bunch of mandatory classes.  So your first year is really not your own.  You don’t really get to choose any courses on your own, so you’re trying a little bit of everything.  Well, I like criminal law.  I love contracts.  Sometimes civil procedure wasn’t as interesting because it’s about the rules of law.  So I had to find a way to stay pumped up and engaged even in courses that weren’t my choosing.  And that’s what you’ll find in college.  I mean, there will be mandatory courses that you have to take, and it isn’t until later in your years that you get to select the things and focus more specifically on the things that you’re interested in.  So you got to be able to get over the hump of doing well in things that you’re not necessarily good at or not particularly interested in.

And I still find that to be one of my strengths and weaknesses -- trying to do things that are hard, and I don’t want to do.  I talk to my kids about this all the time.  You got to get up.  You can’t just be excited about vacation.  You have to be excited about the actual school year, too.  So I still find myself challenged to make sure I’m pumped up about things that I have to do.

MR. OLSEN:  Thank you, Mrs. Obama.  And our next question comes from Kiana Miller (ph).  Kiana, can you please stand and tell us what school you are from and share your question?

Q    I attend Anacostia High School, and my question for you is, which college majors do you believe that are up and coming that high school graduates should focus on?

MRS. OBAMA:  I should hand these mics over to you all.  I have to say I’m not as up on the exact right college majors, but I think -- here’s my answer:  That’s the beauty of a liberal arts education, and I value liberal arts education because you’re really getting a broad skill set.  And I think one of the things that’s important to be able to do in life is learn how to read and write -- write really well and articulate your views. 

So if you’re planning on going to graduate school, if you’re going to law school, for example, almost any liberal arts major that’s pushing you into writing where you have to write a thesis maybe, a large research paper at the end of the year, that kind of stuff is really good preparation for law school.  But in terms of specific careers, I think that the health care professions are growing rapidly.  I think that jobs that deal with caring for the aging, good stuff.  Lots of nursing and sort of those tech fields are good.

But then if you know you want to do something, like if you want to be a doctor, there are certain majors that are critical for that:  biology, chemistry, the things of that nature.  I don’t know if there’s one of the professionals here from Georgetown if you want to weigh in that as well, Todd.

MR. OLSEN:  Mrs. Obama, I’d be happy to.  And I think you shared some very helpful comments there.  I would just add that in most college settings you have some time to explore, and you have the chance to test out some courses, to talk with advisors, to talk in a career center that will be there for you on a campus, and you have some time to decide on your major so you won’t need to settle on it the day you walk in the door.  So you should feel a little bit more relaxed about that, but still explore colleges that seem to offer programs that are of interest to you.

Okay, our next question comes from Iris Ukane (ph).  And Iris, if you’d stand up and share your high school with us and share your question.

Q    Hi.  I attend Wheaton High School, and my question is, how can parents who aren’t always available be able to be part of the college application process and receive all the information that other parents are given?

MRS. OBAMA:  Is there a specific situation that you’re talking about, for you in particular?

Q    Just like general meetings given at school and all like about financial aid, usually given at meetings.

MRS. OBAMA:  Well, I think a lot of that is specific to your high school and how things are set up.  But here’s one thing that I would tell you.  The application process and the process of getting to college is like your gateway to maturity.  And I say that because you’re kind of probably the best person to make sure that your parents are informed, right?  Because you’re getting this information, right?  So even if you’ve got a parent that’s working late or somebody that’s not available, this is like that step of where you’re starting to be responsible for the information that you get, that ownership over it, and making sure that that information has been filtered to your parents.

My parents didn’t know a ton about college and how to apply for it.  So fortunately I had an older brother who had gone through the process.  But by the time I was applying he was at college, so it was up to me to talk to my guidance counselors to bring that information home, to make sure that I knew the application deadlines, that I knew when my parents needed to sign certain things.  So there was a part of me that really had to begin to own that because that’s really what college is about.  You’re not going to be -- your parents aren’t going to be as involved in this process, and they’re going to be relying on you to bring them into the process however they see fit.

I know that even in some colleges parents now have to get permission to get students’ grades, which, quite frankly, I don’t know.  (Laughter.)  It’s like if I’m writing the check, I want the grades.  (Laughter.) 

But I understand the philosophy that essentially you’re an adult.  So that’s one way that I would answer that.  But, again, I think you keeping up with what’s coming up, making sure you’re talking to your guidance counselors, making sure that you’re asking for the help and support that you need and your family needs and trying to find out what ways are there given any particular circumstances because things may be different depending upon the circumstance of the family or the parents.  There may be some extenuating circumstances that your school or the college you’re applying to needs to know, and they’re not going to know that unless you share it with them, and then pushing them to find out a way to accommodate your needs.

A lot of times schools will do what they can to make life better for you, but they have to know what your issues are in order to be responsive.

Todd, do you have any?

MR. OLSEN:  No, your comments are exactly on target.  And as the First Lady was saying, I think it’s really important to ask for the help you need and to think about new roles that you can take on, push yourself a little bit to be the person in charge of steering the ship as you prepare for college, but always asking for that help you need.  And in nearly every high school, there are adults there who are there to help you with that process.

So thanks very much, and very thoughtful advice.

And our next question comes from Eureka Black (ph).  And so, Eureka, if you could please stand and let us know what school you’re from and share your question.  Eureka is not here.  That’s okay because we have plenty of other great questions so we’re going to move on. 

Now, we’re finally getting one of the young gentlemen in the room, Darnell George (ph).  Darnell, if you’d stand and let us know what school you’re from and share your question.

Q    I’m from Wheaton and my question is, what’s the greatest adversity that you had to go through and how did you overcome it?

MRS. OBAMA:  My greatest adversity?  That’s a hard one because I consider myself pretty blessed, so I think sometimes I look over challenges -- not adversities, but just as a part of life.  I think it’s trying to figure out how to continually excel in environments that are not natural to me, going from a public school on the South Side to Princeton, which is a cultural shock -- (laughter ) --  in so many ways, or was.

One of the things that I think I still work on and I won’t call this my -- this wasn’t my struggle.  It was my father’s -- my father had a disability, and he had multiple sclerosis when we were growing up, and I don’t know if any of you guys have grown up with a parent or someone in your household with a disability, but as I’ve grown up, I realize that if someone in your family is struggling in that way, everybody somehow is touched by it.  So I think that there are aspects to my personality, the way that I see life, that is tied to his challenge and how he had to struggle with it and how we had to accommodate and adjust and make certain sacrifices to be able to help him manage through his life.  And I still think that that affects me.

But I always try to take any adversity and turn it into a strength.  And I think -- when it comes to my father I think one of the reasons why I’m so motivated to focus on health and fitness and making sure that young people are moving and active is because I lived with a father that was once an athlete who lost that in a blink of an eye.

Now, my father boxed and he swam.  And it wasn’t until his mid ‘20s that he was struck with MS, and he couldn’t run ever again.  That was it.  And I think for me and my brother you just don’t take things for granted -- your health, the opportunities you have in your life.  Because at any day, anything can happen. 

So we try to live life to the fullest, right?  I live life to make my parents proud of me so that they can live through me all the sacrifices that they may have made.  Maybe the things that we accomplish, me and my brother, speaks to their triumph even if they didn’t experience it.

So we each have to find a way to take whatever struggle we’re facing, whatever challenges we have and turn it into that lightening rod that’s going to spark you to do more, as opposed to saying, well, I can’t do this because this happened to me or that happened to me.

MR. OLSEN:  Thank you.  And our next question comes from Norah O’Neill (ph).  Norah, if you’d please stand, let us know what school you’re from and share your question.

Q    I attend Yorktown High School, and my question for you is what advice do you have for those applying to colleges?

MRS. OBAMA:  Advice.  I think we heard some of it.  Number one, do it.  (Laughter.)  College is good.  As I was telling my daughter the other -- college is like the -- probably still one of the best times in my life, because if you think about what college offers you, is the chance to spend four years or however long it takes for you to get through -- hopefully it’s four or five or something like that -- but where you can live on your own and practice being an adult.  And you’ve got hopefully your room and board paid for, and you’re around a bunch of people your age, your peers.  And that doesn’t happen again in life, because when you work you’re with everybody, right?  Where you’re living and you’re sleeping and all you really have to do is take some courses and read.

Me and the President look at each other and say, you know, if all we had to do was, like, go to a couple of courses a few times a week, that was a luxury.  And you don’t realize it until you’re a grownup and it’s gone forever.

So college is a good, rare, unique privilege, and hopefully all of you view it that way and don’t take it for granted.  But as you apply, do your homework.  Research your schools and own your decisions -- and by that I mean you should know more than your parent or your guidance counselor or anyone else what the schools you are applying to offer you, and why you’re applying to them.

Because going to college is also big money, right?  This is probably the most significant investment that you’ll make in your life.  And for me and the President of the United States, up until he wrote a book, our largest bill was our student loan bill.  Our combined student loan payment was more than our mortgage for a really nice condo.  So that was the biggest investment, and we just recently -- we paid it off just a few years ago.

So it’s a huge investment, right?  So you should know everything about this investment before you make the commitment.  Is it the right school for you?  Is it the right curriculum?  Is it the right size, right?  If you get a chance, try to visit these schools -- and not everybody will have that opportunity but with technology many of these campuses have wonderful online tours.  Take them.

Try to meet students who have gone to those colleges.  Understand the requirements -- how long does it take to get through?  Know everything about these schools, not just the application process and when the application is due, but is this the place for you?  What are the dorms like?  Where are you going to eat?  What are the extracurriculars?  You got to know everything.  And most importantly, how much is this going to cost, and what’s the financial burden going to feel like when you leave, right? 

So you should know how much this costs -- how many loans you’ll have to take out, whether you can get a scholarship.  And if you take out the loans, know in your mind what is that payment going to look like every month?  Because when you take out a loan, you will have a payment for a good 10, 20 years of your life that could be $100, $200 a month that’s part of your being forever and ever until you pay the loan off.  So you should know in yourself whether that’s the kind of debt you want to take on.

Because private schools cost more than state schools, which cost more than community colleges, which cost -- and not every institution financially makes sense for everyone, but you have to know that and understand that for yourself.

So I’d urge you to do your homework -- and you have to do it.  You have to know this information more than anyone else, and own it so that the decision is yours, ultimately.  And the consequences, good or bad, are ones that you are responsible for fully. 

Does that make sense?  Okay.

MR. OLSEN:  Thank you.  And I believe Delmus Omanser (ph) has a similar question about what happens a bit later.  So, Delmus, would you like to ask your questions?

Q    So I’m from Wheaton High School.  And my question is, from your experience, what would be the top five survival tips you would give to incoming freshmen in college?

MRS. OBAMA:  Ooh, top five survival tips.  Okay, so if I don’t number them don’t mess me up.  (Laughter.)

Number one:  Don’t procrastinate.  All right?  College is a practice of management and organization.  It’s not just mastering the subject or knowing how to write or knowing how to do some problem sets.  Your greatest challenge will be managing your time.

Because college is about -- you are on your own.  You get a syllabus and you get the date of the next exams, and then no one cares about you -- not at this institution, everyone cares about you.  But by not caring about you I mean no one is going to be dogging you to turn your stuff in, you know?  No one is going to notify you that your stuff was late.  It’s just going to be part of your -- what the professor looks at when he gives you your D if you haven’t done the work.

So you can’t see a semester as, I’m free until the exams.  Building on your work and just making sure that you don’t let things accumulate.  And if you do that, college is great.  The thing that messes up college is procrastination.  And then you look up and it’s like, I had two weeks to do a semester’s worth of stuff.  That’s bad.  That makes for a not-so-nice experience.  So that would be one thing I’d say, is don’t procrastinate.

And I would -- the other thing I would say, ask for help often.  And maybe that goes with don’t procrastinate.  Don’t wait until the very end if you don’t understand something.  Ask for help all the time, from the -- just get used to asking for help.  Whether you’re in classes or in -- I think this is true for high school.  This is true for you getting from high school to college.  You have to always ask for help.  You can’t be afraid of somebody looking at you like you don’t know what you’re talking about.  You can’t care about that. 

You have to care about your own survival more than you care about being embarrassed because someone thinks you should have known something.  That is not your problem.  Your problem is getting everything you need whenever you need it, and doing it right away and not waiting.  Because just like high school -- even more so -- the college experience is cumulative, so if you don’t understand something week one, you’re not going to understand it week three and then you’ll have weeks two and three to make up for.  So you want to get help right away.  And that’s true when it comes to your financial situation -- don’t wait.

The other, I guess, survival tip is, do not use credit.  Do not come out of college in debt from credit cards -- from buying that stereo system, or those new pair of shoes, or getting that -- going on that trip that you can’t afford.  Do not put anything on a credit card, because there are so many young people who are coming out of college not just with tuition loans, which you have to have, but they’re coming out with American Express bills with 35 percent interest, and that will crush you.

So in college buy what you can afford, which for most college students is nothing.  (Laughter.)  You just got to wait on everything else.  Look nice later.  Get your hair done later.  You shouldn’t have new nice stuff in college.  That’s not the time to have it.  Wait until you’re grown up with a job.  Don’t use credit.  That’s probably only three, but those are some big ones.  So I’ll stop there.

MR. OLSEN:  Some very helpful ones, too.  So I know that Imani Robinson (ph) also had a question.  Imani, can you stand up?  And please share your high school and your question.

Q    Hi, Mrs. Obama.  I’m Imani, I’m from Anacostia, and my question is, do you feel more pressure being an African American woman also being the First Lady in America?

MRS. OBAMA:  That’s a good question.  I don’t think I’d use the term pressure, and I don’t think what I feel is unique to me because of my race, because let me tell you, I’m sure that every woman who has become First Lady has felt some level of what I’ll call responsibility.  Because that’s what I feel. 

I feel like I have -- being in this role I have a huge responsibility to use this platform in a way that’s going to make a difference; in that way that I feel like I don’t want to disappoint my parents, I wouldn’t want to disappoint the country.  Sheesh.  That’s a burden.  But I think that that’s a responsibility. 

So I want to be good at what I do.  I want to -- I don’t want to procrastinate.  And that way I apply the same things that I’ve applied in every aspect of my life.  I feel like I want to have something to show for this.  I want to look back and say I did something good for a bunch of people because I was in this position.  And I feel a huge sense of responsibility to do that.

Because not everybody gets the privilege of serving in this role, and no matter who you are you only get to serve in it for four to eight years.  So that’s not a lot of time.  So I want to make the most of it.

But I think that’s true for all my predecessors as well.  I mean, I’ve met almost every living First Lady, and I don’t think that anyone feels any differently.  The women who -- they have all been women who have served in this role -- love their country deeply, and none of us were -- chose the position.  You get it because of who you’re married to, and you don’t get a paycheck or a title, but you feel like you want to make the most of it and do some good things.

So I think I feel responsibility.  Thank you for that question.  It’s like a therapy session.  Excuse me, everyone.  (Laughter.)

MR. OLSEN:  Very glad.  We can cover a lot of territory.  I know that Adriana Carmona (ph) has a question as well, back to what’s happening in high school.  Adriana, are you in the room and want to share your high school and your question?

Q    I’m from Wheaton High School, and my question is, what do you think will help high school seniors move onto their college life?

MRS. OBAMA:  What will help you move onto your college life?
Q    Like, if you want to stay home and like, you don’t really want to go away?  What do you think will be some helpful tips?

MRS. OBAMA:  To help people who are afraid to go away but think they should?

Q    Yes.

MRS. OBAMA:  You know, I use the carrot thing.  I just sort of think, you know, you’ve been living at home for a while, right?  Parents, they’re nice.  (Laughter.)  But, you know, see the country. 

This is a -- it’s a special rare time in your life.  You’re young, you’ve got your futures ahead of you, there’s still room for some mistakes.  Nothing is life or death, truly, in terms of when it comes to the choices you make about college.  I mean, there’s a freedom.

So, you know, try something new.  It gives you a chance to live in a new city if you -- or live in a new state, to see another part of the country. 

The other thing I encourage people to do is not just think about going away for college, but then, when you’re in college, studying abroad because that’s the next step.  Because the world is big.  It’s a big place but technology is making it very small, and we’re so dependent on other countries and other cultures, and it’s so helpful for our own individual growth to get some experience in other people’s ways of life.

Because we get so rooted here, we get so used to our comfort zones here, and expanding yourself and pushing yourself beyond your comfort zones and doing that when you go away to college.  Sometimes that’s when you grow the most is when you’re the most uncomfortable.

But with that said, not everybody is ready to be away from home.  And there’s nothing wrong with that, truly.  Because not every -- it’s not going to work, being -- for everybody.  Sometimes it’s more costly to go out of state for school, and for some people there may be just some realistic limitations.  And that’s okay. 

We talked about what -- how do you turn strengths -- or challenges into triumphs?  And if you think you want to go away but you’re not quite ready or it doesn’t work out, all right, so what’s plan B?  And plan B sometimes is just as good as plan A, it’s just a little different. 

So there are going to be many students who won’t get to go away.  They won’t be ready, they won’t want to, financially they won’t be able to.  The right college may not be one that’s away.  So make the choice that’s right for you but don’t base it on fear.  Don’t do something because you’re afraid.  Do something because it works for you.

And if it’s all just about fear, then push yourself just a little bit.  Because that’s what life is about -- hitting up on your comfort zone and then pushing just a little bit past it.  And then you get used to the fact that, you know what, fear is something you overcome.  Fear is in your own head, it’s in your own heart.  And you don’t want to limit yourself for the rest of your life because you’re afraid.

Because there’s a lot of stuff to be afraid of.  But if you get over that, there’s so much -- you know, this is scary.  Shoot, being married to Barack Obama -- (laughter) -- it’s like he’s got big plans.  He’s always pushing us beyond our comfort zones, and I’m dragging along going, “What are we doing now?  No, not this!” 

So he’s -- my husband has taught me about pushing myself beyond my comfort zone, because I grew up same community in the same house.  My mother lives in the same house I grew up in, lived in; my bedroom is the exact same bedroom -- the same pictures, same bed sheet.  (Laughter.)  And that’s my comfort zone. 

But everything that I’ve done up until this date has pushed me.  It’s been something that I should have been afraid of and probably was, but just stepped my foot in it and realized, you know what?  I’m kind of good at this.  I can do this.  Lookie here, I’m ready to roll. 

So sometimes I’ve learned that pushing yourself in that way can lead to great growth and development. 

So you go away to school.  You I know, you’re going away.  (Laughter.) 

MR. OLSEN:  All right.  We have one more question.  I believe Lena Jones (ph) wanted to ask.  We’ll see, we may have time for more.  We’ll find out.  But we know Lena had a question.  If you could share your high school and your question, Lena.

Q    I go to Murray School, and what would you like to leave as your legacy as First Lady?

MRS. OBAMA:  Well, my mentees all know the issues that I’m working on.  The things that I’m working on are health and nutrition, trying to get this generation healthy and fit.  So I want to leave that legacy.  I want to make sure that the next generation of kids grow up, like I said, for the reasons that I talked about, but also because we need the next generation to be popping on it on all levels, because the problems that we’re facing now won’t be solved in our lifetimes, many of them. 

So they’re going to be handed over to you, so you all have to be ready.  I’m serious.  You have to be really ready.  So that means you got to be healthy and fit, and the kids you raise have to be healthy and fit.  So that’s one important legacy.

So if I changed -- if I can be a part of helping to change the way kids view themselves in terms of what they eat and how they move and if they’re part of a broader conversation about our health and nutrition as a nation, if we really can change the conversation I think that would be a good legacy. 

The other legacy, you know, really, is that -- and something that I focus on a lot, is I want to make sure I raise two healthy, productive, positive, contributing daughters -- because that’s my responsibility, is me and my husband’s, right?  We brought them in, so we want to make sure that they’re good and solid, and sane and happy and all that stuff, and that’s on me.  So I’m kind of counting on them to do that.  So I do take that role seriously, although there are many, many other things that I care deeply about.  But I have to put raising my kids up there pretty high, because that’s no one else’s job but mine.

MR. OLSEN:  All right.  Mrs. Obama, any advice you’d want to share that hasn’t come up in any of the questions yet?  You’ve shared a whole lot with us already, but I wonder if there are any other comments you’d want to make.

MRS. OBAMA:  First of all, just -- I hope you guys had a good day today.  I mean -- and I hope that it shed some light on your thinking about yourselves and what you want in the future.  I hope it did.  And I hope that this isn’t the last opportunity like this that you search out and that you gain access to, because sometimes you need a little boost over the course of high school just to remind you what it’s all about, and is the sacrifice worth it.

But the biggest thing that I would just urge you -- what I was saying earlier is, just don’t let fear guide you.  Don’t let that be the guidepost.  Because I know for young people, much of what you do or don’t do is based on what you’re afraid of as opposed to what you’re trying to become.  Sometimes how we dress is based on worrying about what somebody else is going to think.  Who we associate with is based on what we think other people are going to say. 

Be proactive about who you want to be, and then surround yourselves with people who support that vision of yourself.  And I’ve said this to a group of kids -- I think I said it when I spoke at Anacostia -- if you want to be successful you have to surround yourself with successful people.  You cannot be hanging out with trifling people.  (Laughter.)  You cannot.  Who you associate with defines who you will be in so many ways.  And you can’t be hanging out with people who don’t share the same goals as you because that’s going to be tough for you to break through that.  That may be another survival tip when you get to college, is choose your friends wisely.  Choose the people you want to be around.  Choose people who are into good things, who are working hard, who are focused on school -- because I guarantee you, if you’re not, those other folks will pull you down.  And that’s a conscious decision.

So make decisions based on the power of your own vision about yourself -- you.  You alone.  Not who your mother is.  Not what your cousins are doing.  Not what’s going in your neighborhood.  Nothing.  You can make the decision to set your own path today.  And it may be hard, it may require you to push and push outside of your comfort zone, but you have that power and potential.  That’s why I think these things are so important, if you hear nothing else, is do not look at me and go, oh, that’s the First Lady of the United States.  Look at me, Michelle Obama:  I grew up on the South Side of Chicago.  My parents weren’t rich.  I went to public school.  There were kids who fought in my school.  There were kids who got in trouble.  We did not have a lot of money.  We did not have a lot of resources.  And yes, I am still a First Lady of the United States -- and I went to Princeton, and I went to Harvard. 

And if you want to do the same thing, you can, but you have to work your butts off -- and you can do that.  All right?  That is within your power.  Maybe nothing else is, but that is within your power.  And that’s what I urge you to tap into for the rest of your lives.  For everything you do, tap into that reality.  And if you do that, anything is possible, truly.  But if you start reacting on fear and worrying about what other people say, then you’ll get caught up and it’ll be really hard -- that it will be. 

But we have faith in you all.  That’s why we’re all doing it.  That’s why everybody is here.  We know each and every one of you has what it takes to be sitting here or there or anywhere else you do.  It may take you a little more time.  It may take you a little more energy.  But you have everything you need right now to be whatever you want to be.  And if you start believing that and acting on it, then you’ll be good.  I guarantee you that you will be good.

And just know there are a lot of people like me who really care.  We really do care about who you become.  That’s why we’re all here.  That’s why Georgetown University opened up its doors, because everybody cares about you all.  And that is true around this country.  So just make us proud.  All right?

All right, we got another -- we got another question back there.

MR. OLSEN:  One more question back there?  Do we have time for one more question?  Okay.

Q    Hi.  I know we’ve been talking about, like, school and colleges and stuff, but I have a question about the community, like, about this violence and teen pregnancy that’s going on.  Like, what could you and your husband do to change or help out us young people?  Because it’s like someone dying every day.  Like, it’s just crazy.  And you being the head of the States and you’re in D.C., something could come out to help these young people.

MRS. OBAMA:  You know, this President every day is doing everything he can trying to get this economy back up and running, making sure people get work, trying to pass a jobs bill that put people back to work.  And I don’t want to make this a political advertisement in any way, shape or form.

But the point that I made earlier is that the work still has to happen in the community level, and it starts with you.  I mean, if everyone in every community owned -- and if people -- people have to have the resources, they have to have the belief in themselves.  They can’t do it on their own.  But the question that we each have to ask ourselves, and in particular, you all as young people -- what are you going to do to change the dynamic in your life? 

So when I say my legacy is my daughters, that is truly, even as First Lady, the -- probably the only thing that I have truly direct control over.  And I don’t even have complete control over that because they have their own minds.  All I can do is guide them in the right direction and ply them, just fill their heads with values and expectations, and lessons and lectures, and just fill them up.  And then I got to let them go, and hope that they stay on course, and hope that they have everything that they need to make the right choices in their lives.

So I still ask each of you as young people, you guys still have a lot of power in your own situation.  So the question is:  What are you going to do that you make sure that you got your stuff on point?  And that then when you have an opportunity you mentor somebody else.  For me, this is one of the greatest things that I can do is talk to you all and to give you the little bit of stuff that I give my girls each and every day.  What makes my kids different is that they hear my mouth every day, drilling this stuff into them at every dinner, every -- raising the bar high for them.  And what I’m trying to do is raise that bar for you and then ask you to reach back.

How many other kids in your community can you help lift up?  And you’re not going to be able to get all of them.  But if you’re getting one or two, and each of you are reaching back in your own families and your own communities and pulling somebody along with the knowledge that you’re getting about life and how it works and choices and all of that -- which means that you, in turn, have to be a good role model.  That means you have to have your stuff together.  Each and every one of you has to view yourselves as having the responsibility of setting an example, of being the other alternative in the face of somebody younger than you.

And that’s why, as First Lady, I do this -- because this is all I can be for you right now, is just this model of an alternative, because there is an alternative, but it takes a lot of work and it’s not easy.  And you will get your butts kicked sometimes, and you will be disappointed. And you will be knocked down, and you have to get back up.  There will be people hating on you.  You’ll have people talking about you.  At every level, can you handle that?  As you improve your lives, are you going to be afraid?   Are you going to be afraid, and then retreat back into what’s comfortable?  Are you going to keep surrounding yourself by people who make you feel comfortable but aren’t the right people for you to grow?

That’s our power.  That’s your power.  And then there’s all this stuff the President and Congress can do, but trust me, they can’t fix that.  No matter what, they can’t get in your head and change that.  You have to do that.  And you have to do it against some of the greatest odds.  You have to get it in your mind that I am going to choose a different path.

So I can talk to you all, and maybe I’m talking to some more kids out there.  And it is hard, and there’s a lot of work to do.  But there are a lot of adults out here, a lot of people in this country who are trying to get everybody on track.  And it’s going to take some time.    So what do you have control over?  Start there. 

Does that make sense?  Or am I just being -- it’s like I can’t tell.  You’re like Malia and Sasha -- “Are you done yet, Mom?”  (Laughter.)  So this is an example of my house at dinner.  (Laughter.)  Like, I got a whole bunch of blank faces, like, do you hear me?  (Laughter.) 

MR. OLSEN:  Well, Mrs. Obama, thank you so much for your leadership, your inspiration, and all your hard work.  We’re really honored to have you here as a model and a mentor.  And so let’s give a round of applause for the First Lady.  (Applause.) 

END
3:27 P.M. EST

The White House

Office of the Press Secretary

Remarks by the President on Head Start in Yeadon, Pennsylvania

Yeadon Regional Head Start Center
Yeadon, Pennsylvania

11:43 A.M. EST

Thank you, everybody, please have a seat.  It is great to be in Yeadon, great to be in the Philly area.  I was told not to mention football at all.  (Laughter.)  So I’m not going to say anything about football while I’m here, because I know this is a sensitive subject.  (Laughter.)  This is why I have Secret Service along.  (Laughter.)

Now, I want to start by acknowledging some of the folks who are with me here today.  First of all, I want to thank one of our finest public servants in this country, and she’s just a great friend, but somebody who cares passionately about the health and the welfare of our kids and our families -- Kathleen Sebelius, our Secretary of Health and Human Services.  (Applause.)  I want to acknowledge the Mayor of Yeadon -- Dolores Jones-Butler is in the house.  (Applause.)  Two of my favorite members of Congress, Chaka Fattah and Bob Brady.  (Applause.)  And one of my favorite former members of Congress who I think is going to be doing big things here in Pennsylvania is here as well -- I guess I can’t call you Congressman, huh?  (Laughter.)  That’s all right?  The -- Congressman Murphy.  (Applause.) 

I had a chance to say hello to Mayor Nutter when I landed in Philly.  He couldn’t be with us this morning -- I guess there are a few things going on here today.  (Laughter.)  But I wished him well.  He’s a great partner of ours. 

And I also want to say thank you to Ms. Pleasantte, Dr. O’Shea -- (applause) -- all the staff and the teachers who are here.  They are just doing a great job.  (Applause.)

I had a chance to visit one of the classrooms here.  And I have to say, it got me a little choked up, because -- Patrick, you need to remember this.  Patrick has got small kids.  And they are just so huggable at this age.  (Laughter.)  And now -- they’re still huggable, but they’re a little -- they’re 5’9” and five feet.  (Laughter.)  But obviously you got a lot to handle when you’re here. 

And the teachers, the staff who are here, they wouldn’t be doing this for the money.  They’re doing it out of love of children.  All of you do it because you know that when it comes to learning and when it comes to growing, this is an absolutely critical period in a child’s life.  We know that three- and four-year-olds who go to high-quality preschools -- including our best Head Start programs -- are less likely to repeat a grade; they’re less likely to need special education; they’re more likely to graduate from high school than the peers who did not get these services.  And so this makes early education one of our best investments in America’s future.  One of the best.  (Applause.)

Right out of the gate, it helps prepare our kids for a competition that’s never been tougher -- a competition for good middle-class, well-paying jobs.  And we’re competing now with countries like China and South Korea and Europe, all of which are serious about educating their children.  So at a time when a company is able to move anywhere they want in the world -- and a lot of times will make the decision based on where they can find the most highly skilled workforce -- it is absolutely imperative that we make sure the United States is the place where we’ve got the best-trained, best-educated young people.  That is a priority.  (Applause.) 

And this is not, and should not be, a Democratic priority or a Republican priority.  This is an American priority.  (Applause.)  It’s an economic imperative.  Our future depends on it.  And people understand this outside of Washington, which is why we’ve been able to work with Democratic and Republican governors on our efforts to strengthen education from cradle to career.  Not only with more money -- money is important -- but also with reforms that challenge schools to develop higher standards and the best practices for teaching and for learning.   
    
Now, unfortunately, in Congress right now, it’s a different story.  The Republicans in Washington have been trying to gut our investments in education.  Earlier this year, nearly every Republican in the House voted for a budget that would have cut hundreds of thousands of children from Head Start.  They’ve tried to cut Pell Grants for college students.  They just voted against a jobs bill that would have put 400,000 teachers back in the classroom. 

Their argument is that we don’t have the money.  And what I’ve said is we can make these investments in our children without adding to the deficit simply by asking people who make more than a million dollars a year to pay a little more in taxes -- not right now, but starting in 2013.  It’s the right thing to do for our kids.  It’s the right thing to do for our country.  But so far they’ve said no.

It’s not just on issues, by the way, that cost money.  So far, Congress has failed to move on fixing No Child Left Behind, despite the fact that we’ve shown them bipartisan reforms that are working in states right now -- reforms that are praised not only by Democrats but also by Republicans.  So after trying for months to work with Congress on education, we decided to take matters into our own hands, because our future is at stake.  Our children deserve action.  And we can’t wait for Congress any longer. 

We can’t wait to make sure that our schools give every child the chance to compete with young people from around the world.  So in September, I announced that if states exceed the high standards set by No Child Left Behind, then they’ve got the flexibility to build on the reforms that they’ve already made.  We can’t wait to help more young people get to college.  So two weeks ago, I announced changes that will lower student loan payments by hundreds of dollars a month for around 1.6 million Americans.  (Applause.)
 
We can’t wait to give more of our youngest children the same basic opportunities we want all children to have, that we want for our children.  And that’s why today, I’m announcing a new rule that will improve the quality of Head Start programs around the country.  (Applause.) 

Now, I firmly believe that Head Start is an outstanding program and a critical investment.  The children who have the chance to go to the best Head Start programs have an experience that can literally change their lives for years to come.  We’re making today’s announcement because we believe that every child in Head Start deserves that same chance. 

Now, under the old rules governing Head Start, there just wasn’t enough accountability.  If a program wasn’t providing kids with quality services, there was no incentive to improve.  Under the new rule, programs are going to be regularly evaluated against a set of clear, high standards.  If a program meets these standards -- and we believe the majority of Head Start programs will -- then their grants will be renewed.  But if a program isn’t giving children the support they need to be ready for school, if classrooms are unsafe, if finances aren’t in order, if kids aren’t learning what they need to learn, then other organizations will be able compete for that grant.  We’re not just going to put money into programs that don’t work.  We will take money and put them into programs that do.  (Applause.)

If a group is going to do a better job for the community, then they need that support.  If a group would do a better job serving the kids in our communities, then they’re going to have that chance.

Now, this is the first time in history that Head Start programs will be truly held accountable for performance in the classroom, and we know that raising the bar isn’t always an easy thing to do.  But it’s the right thing to do.  Children in Head Start deserve the best services we have to offer, and we know that Head Start programs can meet this challenge. 

So because of this rule, and the other executive actions that we’ve taken to improve our education system, more children will have the chance to study hard, do well in school, graduate on time, go to college without crushing debt.  More Americans will grow up to be scientists and innovators and engineers and entrepreneurs.  More businesses will be able to find skilled workers.

Of course, there’s no substitute for Congress doing its job.  And I have to say these two congressmen are doing their job.  (Applause.)  But they need some help.  Congress still needs to fix No Child Left Behind.  Congress still needs to put teachers back in the classroom where they belong.  (Applause.)  

So Congress still needs to act.  But if Congress continues to stand only for dysfunction and delay, then I’m going to move ahead without them.  (Applause.)  I told my administration, I want you to keep on looking for actions that we can take without Congress –- steps that can save consumers money, make government more efficient and responsive, help heal the economy, improve our education system, improve our health care system.  We want to work with Congress, but we’re not going to wait.

I think this is the right thing to do, not just as a President, but I think this is the right thing to do as a parent.  Because I know there are some things I cannot guarantee my kids.  But I can make sure -- I can do my best to make certain that they get a chance to succeed or fail on their own merits, just like I did.  I can do everything in my power to ensure that their children grow up in a country where anything is possible, as long as you’re willing to work for it.

That’s what my mom and my grandparents wanted for me.  It’s what I want for my children.  It’s the promise that every generation has made to those who came after.

We can’t be the first generation of Americans to break that promise.  So we’ve got to prove that we are tougher than the times that we live in and that we’re bigger than the politics of the moment.  We’ve got to meet the challenges today by preparing our children for the challenges tomorrow. 

That’s what’s being done at this wonderful facility.  We want to replicate these all across the country.  We are proud of what you are doing.  You’ve got a President who’s got your back

Thank you very much, everybody.  God bless you.  God bless the United States of America.

END
11:55 A.M. EST

The White House

Office of the Press Secretary

Remarks by the President at a Campaign Event

Private Residence
Washington, D.C.

 
7:15 P.M. EST
 
THE PRESIDENT:  Well, first of all, let me just thank Dwight and Toni for your incredible hospitality.  I hope you didn’t cut down the tree just for this event.  (Laughter.)  I’d feel a little guilty about that.  It looks like it was a nice, big tree.  (Laughter.)
 
It’s wonderful to see all of you.  I’ve got some friends in the room who I’ve known a very long time; some people who I’m meeting for the first time.  But to all of you, I appreciate yourself extending yourselves in this way.
 
What I want to do is keep my remarks at the top relatively brief, and then I want to spend some time just in a conversation with you and answering some questions and getting your feedback.
 
We are at a point in our history, as Dwight indicated, that I think is as important, if not more important, than where we were back in 2008.  I’m obviously a little grayer than I was then.  I’ve got some bumps and bruises from some tough political battles in this town.  But what we’ve been able to accomplish over the last three years I’m extraordinary proud of. 
 
We were able to prevent America from going into a Great Depression.  We were able to, after a series of quarterly GDP reports that were the worst that we’ve seen since the Great Depression, reverse it and get the economy to grow again.  We’ve seen 20 straight months of consecutive job growth.  We were able to pass health insurance reform, Wall Street reform, end “don’t ask, don’t tell,” end the war in Iraq -- the list goes on.
 
And sometimes when Valerie and I come out of a meeting we have to remind ourselves of some of the stuff we’ve done because you lose track after three years.  And so I’m very proud of our track record.  But what is absolutely true is that huge swaths of the country are still hurting.  A lot of people are still struggling out there.  And there’s no way in which America right now is fulfilling all of its potential. 
 
We’ve got entire communities that have been devastated by this recession.  We have young people who are struggling to take advantage of the good educations that they’ve received but are having trouble finding work.  And we’ve got a whole generation of kids out there who aren’t getting the kind of education that they need to compete in the 21st century.
 
And so as proud as I am of what we’ve already accomplished, I am that much more determined to make sure that over the next five years we complete the task that we set out, which was to create a government that is responsive to not just people who are hurting now, but also responsive to future generations; that we’re able to reduce our deficit in a responsible way, in a balanced way; that we’re able to make sure our school system is working for every child and not just some children; that we implement health care reform so that we start reducing costs for families and for businesses and for the federal government, but also improve quality and make sure that nobody out there is going bankrupt just because somebody in their family is getting sick.
 
We’ve got to still implement immigration reform -- a big, unfinished piece of business -- because we’re a nation of laws and a nation of immigrants, and we should be able to reconcile those two imperatives and make sure that we’ve got a system that works to grow our economy and improve our economy, and doesn’t leave people in a second-class status in this United States of America.
 
We still don’t have an energy policy that is suitable for the needs of the future.  And although we’ve made enormous progress, I think people forget, for example, that we doubled fuel efficiency standards on cars and trucks just in the last year, which if it had been in legislative form would have probably been the most significant piece of environmental legislation in the last 30 years.  A lot of people don’t know it.  And despite some of those gains we still are way too dependent on imported oil, and we still haven’t done everything we can to transition to a clean energy economy.

In foreign policy, we’re ending the war in Iraq and we’re transitioning out of Afghanistan.  But I didn’t run for office only to end a war or only to make sure that we got bin Laden.  We also want to make sure that we’re creating opportunity all around the world; that we have a positive, proactive agenda that is helping alleviate poverty and helping to provide education, and helping to make sure that the Arab Spring is one that turns positive and that gives more people opportunity.
 
So across the board we’ve just got a lot more work to do.  And the only way we’re going to be able to accomplish it is if we’ve got folks like you as energized, as enthusiastic, as committed as so many of you were in 2008.  Because what’s holding us back right now are not technical questions.  I mean, there are some big technical issues surrounding how do you spur on clean energy, how do we make sure that our manufacturing base is strong here in the United States, and we are at the cutting edge of those technologies that are going to help us win the race for the future.
 
But those are solvable problems.  The challenge we have right now is fixing our politics and making sure that we’ve got the kind of politics and governance here in Washington which is responsive to the needs of people, not the needs of special interests; that brings out the best in us and not the worst in us. 
 
And that is probably the biggest piece of business that remains unfinished.  That’s probably the area where we’ve been most stymied over the last three years.  My legislative record, our administration record I’ll put up against any President in their first term.  But in terms of changing the culture in Washington, the fever has not broken yet.  Not everybody has gotten the word yet -- (laughter) -- that this is not how the American people want their government to operate. 
 
They want common sense.  They want responsiveness.  They want a focus on the future and the long term.  They want compromise where that’s appropriate.  But they also want to make sure that their leaders stand on principle where needed and are willing to make the tough calls and do the difficult things that will help us ensure that the America that we pass onto our kids and our grandkids is better than the one that we inherited.
 
And that I think is the biggest challenge.  And over the next year we are going to be wrestling with what are two fundamentally different visions of where we need to take the country and where we need to take our politics.  And I’m confident that the American people prefer our vision.  But we’re going to have to communicate that effectively, and to do that I’m going to need you.
 
So I just -- as I was thinking about riding over here, I was thinking about a group of veterans that I met with today.  We made a big announcement about initiatives that are going to help veterans get hired.  The unemployment rate for post-9/11 veterans is actually higher than the general population, and that’s something that I intend to fix.  But it reminded me of something that Michelle and I have both experienced. 
 
The biggest honor of my job is serving as Commander-in-Chief.  And I get the chance to interact a lot with people who are based all around the world; Michelle interacts with military families here, throughout the country.  The kind of sacrifices they’re making on behalf of their country, the kind of commitment and discipline, and putting country ahead of self-interest, is unbelievable.
 
And for that same spirit to be captured and to be channeled, and to be the animating spirit of Washington -- that should be our goal.  Because if we do that, there’s no problem we can’t solve.  There’s no challenge we can’t meet.  I am absolutely convinced of that.
 
And so I’ve said before that this campaign probably won’t be as sexy as the first one.  It’ll be tight.  It’ll be tough.  But I also want to remind people who were on the first campaign, there’s been a lot of revisionist history that says how perfect that first one was.  (Laughter.)  It didn’t feel like that when we were in the middle of it.  (Laughter.)  And that’s part of our democracy.  It’s always a little messy, and it’s always tough.  But it’s also worth it when it’s done right.
 
And if you’re willing to join me on this journey I think at the end of the day you’ll see that we’re actually able to deliver the kind of change that you can believe in.
 
So thank you very much, everybody.  Thank you.  (Applause.)
 
END
7:24 P.M. EST

The White House

Office of the Press Secretary

Remarks by the President on Tax Credits Included in the American Jobs Act and New Executive Actions that Will Help Get Veterans Back to Work

Rose Garden

12:04 P.M. EST

THE PRESIDENT:  Thank you very much, everybody.  Please be seated.  This week, we commemorate Veterans Day.  We honor the service and the sacrifice of all who have worn the uniform of the United States of America with honor and distinction.  And above all, we commit ourselves to serving them as well as they have served us.  That’s why we’re here today.

Today’s 9/11 generation of veterans has already earned a special place in our history.  Over a difficult decade, they’ve performed heroically in some of the world’s most dangerous places.  They’ve done everything that we’ve asked of them.  And I’m honored to have some of these extraordinary Americans here at the White House with us this morning.

I’m also proud to be joined by some of America’s leading veterans service organizations -- the American Legion, Veterans of Foreign Wars, Disabled American Veterans, and Iraq and Afghanistan Veterans of America -- as well as members of Congress who have historically been extraordinarily supportive of our veterans.  And we’re here today to try to take some steps to better serve today’s veterans in a rough economy.

Over the past decade, nearly 3 million servicemembers have transitioned back to civilian life, joining the millions who have served through the decades.  And as we end the war in Iraq and we wind down the war in Afghanistan, over a million more will join them over the next five years.  Just think about the skills these veterans have acquired, often at a very young age.  Think about the leadership that they’ve learned, the cutting-edge technologies that they’ve mastered, their ability to adapt to changing and unpredictable circumstances you just can’t get from a classroom.  Think about how many have led others to life -and-death missions by the time they’re 25 or 26 years old.

This is exactly the kind of leadership and responsibility that every American business should be competing to attract.  This is the kind of talent we need to compete for the jobs and industries of the future.  These are the kinds of Americans that every company should want to hire.

And yet, while our economy has added more than 350,000 private sector jobs just over the past three months, more than 850,000 veterans remain unemployed.  Too many can’t find a job worthy of their tremendous talents.  Too many military spouses have a hard time finding work after moving from base to base to base.  And even though the overall unemployment rate ticked down last month, unemployment among veterans of Iraq and Afghanistan continued to rise.  That’s not right.  It doesn’t make sense -- not for our veterans, not for our families, not for America -- and we’re determined to change that.

I’ve told the story before of a soldier in the 82nd Airborne who served as a combat medic in Afghanistan, and he saved lives over there.  He earned a Bronze Star for his actions.  But when he returned home, he couldn’t even get a job as a first responder.  He had to take classes through the Post-9/11 GI Bill -- classes that he probably could have taught -- just so he could qualify for the same duties at home that he was doing every single day at war.

You know what?  If you can save a life on the battlefield, then you can save a life in an ambulance.  If you can oversee a convoy or millions of dollars of assets in Iraq, you can help a business back home manage their supply chain or balance their books.  If you can juggle the demands of raising a family while a loved one is at war, you can juggle the demands of almost any job in America. 

We ask our men and women in uniform to leave their families and their jobs and risk their lives to fight for our country, and the last thing they should have to do is fight for a job when they come home.  And that’s why we’re here today -- to do everything in our power to see to it that America’s veterans have the opportunities that they deserve and that they have earned.

Now, I’ve already directed the federal government to lead by example and to hire more veterans.  And it has hired more than 120,000 so far.  A couple of months ago I also challenged private companies to hire or train 100,000 post-9/11 veterans or their spouses by the end of 2013.  And already companies have hired more than 12,000 and committed to train or hire 25,000 more over the next two years.

And I want to thank the extraordinary work of my wife, the First Lady, as well as Dr. Jill Biden for leading this Joining Forces effort to support our military families and our veterans.

Nearly two months ago, I sent Congress the American Jobs Act.  It was the only jobs plan independent economists said would boost our economy and put Americans back to work right now, and it was full of the kinds of ideas that have historically been supported by both parties. It was paid for. 

And it included two proposals that would have made a big difference for our veterans –- the Returning Heroes Tax Credit, which would give businesses a tax break for each unemployed veteran that they hire; and the Wounded Warriors Tax Credit, which would give businesses a even larger tax break for hiring an unemployed veteran with a disability related to their service in uniform.  And these veterans service organizations are here today because they fully support these ideas.

Unfortunately, we have not yet seen progress in Congress.  Senate Republicans have so far chosen to block these bills and these proposals.  Since then, they’ve also blocked a jobs bill that would keep teachers in the classroom and first responders on the street, and blocked a jobs bill last week that would have put hundreds of thousands of construction workers back to work rebuilding America.  Despite the fact that more than 70 percent of Americans supported the ideas in this bill, not one has yet stepped up on the other side of the aisle to say this is the right thing to do.  So they’ve had three chances to do the right thing.  Three times, they’ve said no.

I believe it’s time they said yes to taking action that would boost the economy overall, because the overall economy has an impact on veterans.  It’s a lot easier for veterans to find jobs if the economy is growing rapidly and unemployment is dropping.  And I think it’s important for all of us to remember that we’re all in this together.  It’s time we started acting like it.  Bold action from Congress ultimately is the only way we’re going to put hundreds of thousands of Americans back to work right now and rebuild an economy where everyone who works hard has a chance to get ahead.  So I’m going to keep pushing these senators to vote on common-sense, paid-for ways to create jobs that members of both parties have supported before. 

But what I’ve also said is that I’m going to do everything in my power, as the head of the executive branch, to act on behalf of the American people –- with or without Congress.  We can’t simply wait for Congress to do its job.  As Commander-in-Chief, I won’t wait, nor will I let politics get in the way of making sure that veterans share in the opportunity that they defend.  If Congress won’t act, I will.

And that’s why, two weeks ago, I announced a new initiative to help trained veterans get jobs in the medical community.  And today, we’re announcing three new initiatives to help America’s returning heroes get jobs that meet their talents.

First, we’re delivering on the expanded job search services that I promised our post-9/11 veterans three months ago.  Starting today, post-9/11 veterans looking for work can download what we’re calling the Veterans Gold Card, which gives you up to six months of personalized job search services at career centers across the country.

Second, we’re launching an easy-to-use online tool called My Next Move for Veterans that allows veterans to enter information about their experience and skills in the field, and match it with civilian careers that put that experience to use.

Third, we’re connecting unemployed veterans to job openings.  We’ve partnered with leading job search companies to create a new online service called Veterans Job Bank, where employers can “tag” jobs postings for veterans using a simple approach designed by major search engines.  And already, more than 500,000 job openings have been tagged thanks to a company called Simply Hired, and companies like Monster and LinkedIn are helping more employers participate.

So all these three initiatives are up and running right now.  Just visit whitehouse.gov/vets to find each one.  And I’m asking these veterans service organizations to spread the word.

Connecting our veterans to the jobs they deserve isn’t just the right thing to do for our veterans, it’s the right thing to do for America.  But there’s still more that we can do to encourage businesses to hire veterans.  And this week, Congress will have another chance to do the right thing.  They’ll get to vote on those tax breaks that I proposed back in September for businesses to hire veterans.  Members of Congress will get to say whether or not they think it’s a good idea to give companies an incentive -- an additional incentive -- to hire the men and women who have risked their lives for our country. 

And when I first proposed this idea -- some of you remember this was a joint session of Congress -- people stood and applauded on both sides of the aisle when I announced this bill.  That was one of the few times both sides stood up.  (Laughter.)  So when these ideas come up for a vote this week, when the TV cameras aren’t necessarily on each of them, I expect both sides of the aisle to stand up for our veterans and vote in the affirmative.

There’s no good reason to oppose this bill.  Not one.  Our veterans did their jobs.  It’s time for Congress to do theirs.  It’s time for them to put country before party, put our veterans back to work, and pass this element of the jobs package that benefits our veterans and gives businesses an incentive to hire veterans.

Standing up for our veterans is not a Democratic responsibility or a Republican responsibility, it is a American responsibility.  It’s an obligation of every citizen who enjoys the freedom that these heroes defend.  And it is time for us to meet those obligations right now. 

As Commander-in-Chief, I want all our veterans to know that we are forever grateful for your service and for your sacrifice.  And just as you fought for us, we’re going to keep fighting for you –- for more jobs, for more security, for the opportunity to keep your families strong and to keep America competitive in the 21st century.  In other words, we’re going to keep on fighting, just as you did, to show the world why the United States of America is still the greatest nation on Earth. 

Thank you very much, everybody.  God bless you.  God bless the United States of America.  (Applause.)

END

12:15 P.M. EST

The White House

Office of the Press Secretary

Remarks by President Obama In Honoring the Alliance Between the United States and France

City Hall
Cannes, France

4:27 P.M. CET

THE PRESIDENT: Good afternoon. Bon après-midi. (Applause.) I studied French in school, and that's about as far as I got. (Laughter.)

But, Mr. President, I understand clearly the affection with which you've once again described our alliance and the friendship between our peoples. So thank you, Nicolas, my partner, mon ami. Thank you. (Applause.)

To Generals Puga and Estrate and members of the French Armed Forces; to Mayor Brochand and the people of Cannes -- thank you for your wonderful hospitality and the beautiful weather -- (laughter) -- that I'm enjoying here today.

We stand here today as free and democratic peoples because of each other. It was the ideas of the Enlightenment, centered here in France, that helped inspire a band of Colonists across the ocean to seek our freedom. It was the success of our Revolution that helped inspire your own. In our founding documents, we pledge ourselves to the same inalienable rights, and to the truth that all men and women are created equal. We are societies where our diversity is considered a strength; where you can become President even if your name is Obama or Sarkozy. (Laughter.) We live by a common creed: life, liberty and the pursuit of happiness -- liberté, égalité, fraternité. (Applause.)

And for more than two centuries, we haven't simply professed these ideas, we have preserved them, by serving together and by sacrificing together. And not far from here is the hometown of Admiral de Grasse, who helped Americans secure our independence. Here at this memorial, we recall our shared sacrifices in the trenches of the First World War. And just as President Sarkozy and I have honored those who fell at Normandy, let it also be remembered that American and free French forces stormed the beaches of this southern coast. And not far from here, at Rhone, some of them rest in peace in the land that they liberated.

Nor have we simply defended these ideals for ourselves. Together we have stood up for our ideals around the world. And today, we pay special tribute to all those who have served and given their lives -- French, American, and forces from our allies and partners -- so that Afghanistan will never again become a haven for those who would attack us. They have sacrificed to keep us all safe, and we honor them all.

We saw this same solidarity most recently in the mission to protect the Libyan people. When the old regime threatened to massacre on a horrific scale, the world refused to stand by. The United States was proud to play a decisive role, especially in the early days, taking out Libyan air defenses and conducting precision strikes that stopped the regime in its tracks. But at the same time, this mission showed us why NATO remains the world’s most effective alliance. We acted quickly, in days -- the fastest mobilization in NATO history. And whether contributing forces or command staff, every single one of NATO’s 28 members played a role. Eighteen nations, including Arab states, provided forces.

And in a historic first, our NATO allies, including France, and especially the extraordinary leadership of President Sarkozy, helped us to conduct 90 percent of our strike missions -- (applause) -- 90 percent. So that showed more nations bearing the burdens and costs of peace and security. And that’s how our alliance must work in the 21st century.

In this mission, French and American soldiers, airmen, naval officers, served shoulder to shoulder -- the commanders who planned and executed this complex operation; the pilots who prevented a massacre in Benghazi; the tanker crews from bases here in France who sustained this operation; the airmen who delivered lifesaving aid; the sailors and Marines who enforced the arms embargo at sea.

In fact, American pilots even flew French fighter jets off a French aircraft carrier in the Mediterranean. Allies don’t get any closer than that. And thanks to their extraordinary service, the last air mission over Libya ended on Monday, and that operation ended in giving the Libyan people the opportunity to live with freedom and democracy. And I might add, we succeeded in bring every single one of our service members back safely, which is a remarkable achievement.

Every man and woman in uniform who participated in this effort can know that you have accomplished every objective. You saved the lives of countless Libyan men, women and children. And today, the Libyan people have liberated their country and begun to forge their own future, and the world has once again seen that the longing for freedom and dignity is universal.

Thousands of personnel made this operation a success, but we are honored to have some of them join us today. And I would ask you in joining me in saluting Admirals Jim Stavridis and Sam Locklear, as well as General Ralph Jodice, and all our service members who are here for a job well done. (Applause.)

Finally, I would note that this success is part of a larger story. After a difficult decade, the tide of war is receding. The long war in Iraq is finally coming to an end. With our allies and partners, including the extraordinary sacrifices of the French people, we've achieved major victories against
al Qaeda, including Osama bin Laden. In Afghanistan, where French and American soldiers fight side by side, we've begun a transition so Afghans can take responsibility for their security and our troops can begin coming home.

Today, America and our allies are moving forward with confidence and with strength. And these men and women in uniform carry on a legacy that I actually can see from the windows of the White House. In one direction, there's the monument to Washington; in the other, a statue of Rochambeau, who served so well at Washington's side. And at the base of that statue are words Washington expressed to his friend after the Revolutionary War in America was won -- and I've shared these words with President Sarkozy on one of our visits, so I want to conclude with them this afternoon, because they capture the spirit that we celebrate today.

This is what Washington said to his dear friend from France: "We are fellow laborers in the cause of liberty, and we have lived together as brothers should do -- in harmonious friendship."

President Sarkozy, ladies and gentlemen, members of the Armed Forces of France and the United States, for more than two centuries we have stood together in friendship, and because of our unwavering commitment to the cause of liberty, I'm confident that we'll continue to stand together, strong and free, for all the centuries to come. So vive la France. God bless America. And long live the alliance between our two great nations. (Applause.)

END
4:35 P.M. CET

The White House

Office of the Press Secretary

Press Conference by President Obama After G20 Summit

Press Center
Claude Debussy Theater
Cannes, France

3:40 P.M. CET

PRESIDENT OBAMA:  Good afternoon, everybody.  I want to begin by thanking my friend, President Sarkozy, for his leadership and his hospitality.  And I want to thank the people of Cannes for this extraordinary setting.

Over the past two years, those of us in the G20 have worked together to rescue the global economy, to avert another depression, and to put us on the path to recovery.  But we came to Cannes with no illusions.  The recovery has been fragile.  And since our last meeting in Seoul we’ve experienced a number of new shocks -- disruptions in oil supplies, the tragic tsunami in Japan, and the financial crisis in Europe.

As a result, advanced economies, including the United States are growing and creating jobs, but not nearly fast enough.  Emerging economies have started to slow.  Global demand is weakening.  Around the world, hundreds of millions of people are unemployed, or underemployed.  Put simply, the world faces challenges that put our economic recovery at risk. 

So the central question coming into Cannes was this:  Could the world’s largest economies confront this challenge squarely -- understanding that these problems will not be solved overnight, could we make progress?  After two days of very substantive discussions I can say that we’ve come together and made important progress to put our economic recoveries on a firmer footing. 

With respect to Europe, we came to Cannes to discuss with our European friends how they will move forward and build upon the plan they agreed to last week to resolve this crisis.  Events in Greece over the past 24 hours have underscored the importance of implementing the plan, fully and as quickly as possible. 

Having heard from our European partners over the past two days, I am confidence that Europe has the capacity to meet this challenge.  I know it isn’t easy, but what is absolutely critical, and what the world looks for in moments such as this, is action. 

That’s how we confronted our financial crisis in the United States -- having our banks submit to stress tests that were rigorous, increasing capital buffers, and passing the strongest financial reforms since the Great Depression.  None of that was easy, and it certainly wasn’t always popular.  But we did what was necessary to address the crisis, put ourselves on a stronger footing, and help rescue the global economy. 

And that’s the challenge that Europe now faces.  Make no mistake, there's more hard work ahead and more difficult choices to make.  But our European partners have laid a foundation on which to build, and it has all the elements needed for success:  a credible firewall to prevent the crisis from spreading, strengthening European banks, charting a sustainable path for Greece, and confronting the structural issues that are at the heart of the current crisis.

And here in Cannes we’ve moved the ball forward.  Europe remains on track to implement a sustainable path for Greece.  Italy has agreed to a monitoring program with the IMF -- in fact, invited it.  Tools have been identified that will better enable the world to support European action.  And European finance ministers will carry this work forward next week.

All of us have an enormous interest in Europe's success, and all of us will be affected if Europe is not growing -- and that certainly includes the United States, which counts Europe as our largest trading partner.  If Europe isn't growing, it's harder for us to do what we need to do for the American people:  creating jobs, lifting up the middle class, and putting our fiscal house in order.  And that's why I've made it clear that the United States will continue to do our part to support our European partners as they work to resolve this crisis.

More broadly, we agreed to stay focused on jobs and growth with an action plan in which each nation does its part.  In the United States, we recognize, as the world's largest economy, the most important thing we can do for global growth is to get our own economy growing faster.  Back home, we're fighting for the American Jobs Act, which will put people back to work, even as we meet our responsibilities to reduce our deficit in the coming years.

We also made progress here in Cannes on our rebalancing agenda.  In an important step forward, countries with large surpluses and export-oriented countries agreed to take additional steps to support growth and boost demand in their own countries. In addition, we welcome China's determination to increase the flexibility of the RMB.  This is something we've been calling for for some time, and it will be a critical step in boosting growth.

Finally, we also made progress across a range of challenges to our shared prosperity.  Following our reforms in the United States, the G20 adopted an unprecedented set of high-level financial reforms to prevent a crisis in the future.  We agreed to keep phasing out fossil fuel subsidies -- perhaps the single-most important step we can take in the near term to fight climate change and create clean-energy economies. 

And even as our countries work to save lives from the drought and terrible famine in the Horn of Africa, we agreed on the need to mobilize new resources to support the development that lifts nations out of poverty.

So, again, I want to thank President Sarkozy and our French hosts for a productive summit.  I want to thank my fellow leaders for their partnership and for the progress we've made to create the jobs and prosperity that our people deserve.

So with that, let me take a few questions.  I'll start with Jim Kuhnhenn of AP.

Q    New jobless numbers today back in the States.  You're on a pace to face the voters with the highest unemployment rate of any postwar President.  And doesn't that make you significantly vulnerable to a Republican who might run on a message of change?  And if I may add, given that you have just witnessed the difficulties of averting economic problems beyond your control, what state do you think the economy will be in when you face reelection next year?

PRESIDENT OBAMA:  Jim, I have to tell you the least of my concerns at the moment is the politics of a year from now.  I'm worried about putting people back to work right now, because those folks are hurting and the U.S. economy is underperforming. And so everything that we're doing here in the -- here at the G20 mirrors our efforts back home -- that is, how do we boost growth; how do we shrink our deficits in a way that doesn't slow the recovery right now; how do we make sure that our workers are getting the skills and the training they need to compete in a global economy.  And not only does the American Jobs Act answer some of the needs for jobs now, but it will also lay the foundation for future growth through investments in infrastructure, for example.

So my hope is, is that the folks back home, including those in the United States Senate and the House of Representatives, when they look at today’s job numbers -- which were positive but indicate once again that the economy is growing way too slow -- that they think twice before they vote “no” again on the only proposal out there right now that independent economists say would actually make a dent in unemployment right now.  There’s no excuse for inaction.  That’s true globally; it’s certainly true back home as well.  And I’m going to keep on pushing it regardless of what the politics are.

Chuck Todd.

Q    Thank you, Mr. President.  Clearly, there was some sort of dispute between you and the European leaders about how to fund this bailout.  And you, in your remarks, emphasized the fact that TARP was done with U.S. funds, that there wasn’t any international involvement here.  Are you confident now that the European leaders are going to own this firewall or bailout fund themselves, not looking for handouts from other countries, and that they will do what they have to do?

And the second part of my question is, how hard was it to convince these folks to do stimulus measures when your own stimulus measure -- you’ve mentioned it twice now -- is not going anywhere right now on Capitol Hill?

PRESIDENT OBAMA:  Well, first of all, we didn’t have a long conversation about stimulus measures, so that was maybe two or three G20s ago.  We had a discussion about what steps could be taken to continue to spur economic growth.  And that may not always involve government spending.  For example, the rebalancing agenda that I talked about is one way in which we can make a big difference in spurring on global demand.  It requires some adjustments, some changes in behavior on the part of countries.  But it doesn’t necessarily involve classic fiscal stimulus.

It wasn’t a dispute with the Europeans.  I think the Europeans agree with us that it is important to send a clear signal that the European project is alive and well, and that they are committed to the euro, and that they are committed to resolving this crisis.  And I think if you talk to European leaders, they are the first ones to say that that begins with European leaders arriving at a common course of action.

So essentially, what we’ve seen is all the elements for dealing with the crisis put in place, and we think those are the right elements.  The first is having a solution to the specific problem of Greece.  And although the actions of Papandreou and the referendum issue over the last couple of days I think got a lot of people nervous, the truth is, is that the general approach -- which involved a voluntary reduction on the part of those who hold the Greeks’ debt, reducing the obligations of the Greek government -- Greece continuing with reforms and structural change, that’s the right recipe.  It just has to be carried out. And I was encouraged by the fact that despite all the turmoil in Greece, even the opposition leader in Greece indicated that it’s important to move forward on the proposal. 

The second component is recapitalization of Europe’s banks. And they have identified that need and they are resourcing that need.  And that I think is going to be critical to further instill confidence in the markets.

And the third part of it is creating this firewall, essentially sending a signal to the markets that Europe is going to stand behind the euro.  And all the details, the structure, how it operates, are still being worked out among the European leaders.  What we were able to do was to give them some ideas, some options in terms of how they would put that together. 

And what we’ve said is -- and I’m speaking now for the whole of the G20 -- what we’ve said is the international community is going to stand ready to assist and make sure that the overall global economy is cushioned by the gyrations in the market and the shocks that arise as Europe is working these issues through. And so they’re going to have a strong partner in us.  But European leaders understand that ultimately what the markets are looking for is a strong signal from Europe that they’re standing behind the euro.

Q    So you’re discouraging them from looking for money -- outside money?

PRESIDENT OBAMA:  No, what we were saying is that -- and this is reflected in the communiqué -- that, for example, creating additional tools for the IMF is an important component of providing markets overall confidence in global growth and stability, but that is a supplement to the work that is being done here in Europe. 

And based on my conversations with President Sarkozy, Chancellor Merkel, and all the other European leaders, I believe they have that strong commitment to the euro and the European project.

David Muir.

Q    Thank you, Mr. President.  I’m curious what you would say to Americans back home who’ve watched their 401(k)s recover largely when the bailout seemed a certainty, and then this week with the brand new political tumult in Greece, watched themselves lose essentially what they had gained back.  You mentioned you’re confident in the bailout plan.  Are you confident this will actually happen, and if so, that it will work?

PRESIDENT OBAMA:  Well, first of all, if you’re talking about the movements of the U.S. stock market, the stock market was down when I first took office and the first few months I was in office about 3,000 points lower than it is now.  So nothing has happened in the last two weeks that would suggest that somehow people’s 401(k)s have been affected the way you describe.

Am I confident that this will work?  I think that there’s more work to do.  I think there are going to be some ups and downs along the way.  But I am confident that the key players in Europe -- the European political leadership -- understands how much of a stake they have in making sure that this crisis is resolved, that the eurozone remains intact, and I think that they are going to do what's necessary in order to make that happen.

Now, let's recognize how difficult this is.  I have sympathy for my European counterparts.  We saw how difficult it was for us to save the financial system back in the United States.  It did not do wonders for anybody's political standing, because people's general attitude is, you know what, if the financial sector is behaving recklessly or not making good decisions, other folks shouldn't have to suffer for it. 

You layer on top of that the fact that you're negotiating with multiple parliaments, a European parliament, a European Commission -- I mean, there are just a lot of institutions here in Europe.  And I think several  -- I'm not sure whether it was Sarkozy or Merkel or Barroso or somebody, they joked with me that I'd gotten a crash course in European politics over the last several days.  And there are a lot of meetings here in Europe as well.  So trying to coordinate all those different interests is laborious, it's time consuming, but I think they're going to get there.

What is also positive is -- if there's a silver lining in this whole process, it's the fact that I think European leaders recognize that there are some structural reforms, institutional modifications they need to make if Europe and the eurozone is to be as effective as they want it to be. 

I think that what this has exposed is that if you have a single currency but you haven't worked out all the institutional coordination and relationships between countries on the fiscal side, on the monetary side, that that creates additional vulnerabilities.  And there's a commitment on the part of European leaders, I think, to examine those issues.  But those are long term.  In the short term, what they've got to do is just make sure that they're sending a signal to the markets that they stand behind the euro. 

And if that message is sent, then I think this crisis is averted, because some of this crisis is psychological.  Italy is a big country with a enormous industrial base, great wealth, great assets, and has had substantial debt for quite some time -- it's just the market is feeling skittish right now.  And that's why I think Prime Minister Berlusconi's invitation to the IMF to certify that the reform plan that they put in place is one that they will, in fact, follow is an example of the steady, confidence-building measures that need to take place in order for us to get back on track.

Norah O'Donnell.

Q    Thank you, Mr. President.  The world leaders here have stressed growth -- the importance of growth.  And yet growth back at home has been anemic, the new jobs report today showing just 88,000 jobs added.  The Republicans in Congress have made it clear that they're going to block your jobs bill because they believe the tax hikes in it hurt small businesses.  At what point do you feel that you declare stalemate to try and reach common ground?  And do you feel like you have been an effective leader when it comes to the economy?

PRESIDENT OBAMA:  Well, first of all, wherever Republicans indicate an interest in doing things that would actually grow the economy, I'm right there with them.  So they've said that passing trade bills with South Korea and Panama and Colombia would help spur growth -- those got done, with significant bipartisan support.  They've suggested that we need to reform our patent laws -- that's something that was part of my long-term program for economic growth; we've got that done.  What I've said is all those things are nice and they're important, but if we want to grow the economy right now then we have to think bigger; we've got to do something bolder and more significant. 

So we put forward the American Jobs Act, which contains ideas that are historically supported by Democrats and Republicans -- like rebuilding our infrastructure, our roads and our bridges; putting teachers back in the classroom; providing tax credits to small businesses. 

You say, Norah, that the reason they haven't voted for them is because they don't want to tax small business.  Well, actually, that's not -- if that's their rationale then it doesn't fly, because the bill that they voted down yesterday -- a component of the American jobs bill -- essentially said we can create hundreds of thousands of jobs, rebuilding our infrastructure, making America more competitive, and the entire program will be paid for by a tax not on millionaires but people making a million dollars a year or more, which in the United States is about -- a little over 300,000 people. 

Now, there aren't a lot of small businesses across the country that are making that kind of money.  In fact, less than 3 percent of small businesses make more than $250,000 a year.  So what they've said is, we prefer to protect 300,000 people rather than put hundreds of thousands of people back to work and benefit 300 million Americans who are hurting because of low growth.

So we're going to keep on pushing.  Now, there are steps that we can take absent congressional action.  And the refinancing proposal that we put forward in Las Vegas is an example of that -- helping students with student loans.  We're going to keep on rolling out administrative steps that we can take that strengthen the economy.  But if we're going to do something big to jumpstart the economy at a time when it's stabilized but unemployment is way too high, Congress is going to need to act. 

And in terms of my track record on the economy -- well, here's just a simple way of thinking about it:  When I came into office, the U.S. economy had contracted by 9 percent -- the largest contraction since the Great Depression.  Little over a year later, the economy was growing by 4 percent, and it's been growing ever since. 

Now, is that good enough?  Absolutely not.  We've got to do more.  And as soon as I get some signal from Congress that they’re willing to take their responsibilities seriously, I think we can do more.  But that’s going to require them to break out of the rigid ideological positions that they’ve been taking.  And the same is true, by the way, when it comes to deficit reduction.
 
We can solve all our problems.  We can grow our economy now, put people back to work, reduce our deficit.  And you get surprising consensus from economists about how to do it, from both the left and the right.  It’s just a matter of setting politics aside.  And we’re constantly remembering that the election is one year away.  If we do that, there's no reason why can’t solve these problems.

All right?  Thank you, everybody.

END
4:04 P.M. CET

The White House

Office of the Press Secretary

Remarks by President Obama and President Cristina Fernandez de Kirchner of Argentina Before Bilateral Meeting

InterContinental Carlton Cannes Hotel
Cannes, France

2:19 P.M. CET

PRESIDENT OBAMA: Well, it is wonderful to be joined by the President of Argentina, a great friend of not only mine but the United States. We've spent a lot of time together at the G20, and I have very much appreciated the engagement and the passion that President Kirchner has brought to the important global issues that we've been discussing.

Obviously, there are a lot of bonds between Argentina and the United States that date back many years, and this is an excellent opportunity for us to build on that history. We have a wide range of areas of common interest and common concern. We'll be discussing the possibilities of deeper cooperation on economics, on trade, on science, on technology, and on security issues. And we'll also have a chance to discuss the upcoming Summit of the Americas in Colombia, and how we can set an agenda that focuses on increasing prosperity and employment and opportunity for people throughout the Americas.

So thank you so much, Madam President, for meeting with me. And I want to congratulate her on her recent election.

PRESIDENT KIRCHNER: (As interpreted.) Thank you very much, Mr. President. To me, as President of the Argentine Republic, it is indeed a pleasure to have a chance to meet you, and a great honor as well to have this relationship with you. And, of course, the leadership of the United States at the global level cannot be overlooked, not just in the political field but also in the economic field.

And this meeting is particularly significant to us. I would like to thank you for your kind words. And I would like to say that the G20 has proved a positive and fruitful meeting. We have had an opportunity to discuss problem candidly and in a straightforward and effective manner. So thank you once again for that, too.

Allow me to say as well that the U.S. is a top foreign investor worldwide, needless to say, and it is the second-largest foreign investor in Argentina, after Spain. In fact, over 500 American companies have settled down in Argentina, and 60 percent of those companies actually figure among the 100 leading companies of the United States. And they’re also flagship companies -- I must mention that, too.

It is a fact that the bilateral trade and bilateral relations between our two countries are extremely important for us as well. And although it is true that nowadays the United States has a surplus as far as Argentina is concerned, the figures that Argentina has experienced in recent years through its accumulated growth I daresay have also been positive for the balance of trade in the United States, since as the industrialization process resumed in Argentina we were obviously in need of products with added value that we were able to purchase from the United States.

Let me mention, by the way, that when President Kirchner took office in 2003, Argentina still had a positive balance, and the difference was $1 billion at the time. Of course, now the figures have changed, and we’re talking about $4.7 billion in favor of the United States this year -- the surplus figures being that.

I believe this will be an excellent opportunity for us to discuss, as I was saying, our bilateral and trade relations, and to look at ways to deepen and enhance those relationships. Let me also stress that the bonds between us are not just at an institutional but also at a personal level. I know that both President Obama and myself are big fans of science and technology and innovation. In fact, I as President, created the Minister of Science and Technology in Argentina.

Very recently, we were very pleased to receive a visit from NASA -- actually, Mr. Charles Bolden came to see us. And the Argentine Republic has recently launched a satellite in cooperation with NASA. And one of the features of this satellite is that it can be used to measure the salinity of the seas and the impact this has on climate change. And we also know this is one issue that has made President Obama lose sleep in recent times -- and not just him, but me as well.

There are many other issues and commonalities between us. Of course, international security, drug trafficking, the fight against terrorism, among other many areas of common interest that we both consider important -- and trafficking in persons, I should mention as well. So we believe this will be a wonderful opportunity for fruitful and positive discussions between us.

PRESIDENT OBAMA: Thank you.

END
2:29 P.M. CET

 

The White House

Office of the Press Secretary

Remarks by President Obama and President Nicolas Sarkozy of France in a Joint Statement

Convention Center
Cannes, France

10:38 A.M. CET

PRESIDENT OBAMA: Well, it is wonderful to be back in France. And I want to thank my excellent friend and colleague, Nicolas Sarkozy, for his hospitality. He and I obviously have worked together on a wide range of issues since I've been President, and I always welcome his frank and honest assessment of the situations here.

It's also nice to be back visiting in France -- the last time I was in the south of France -- or the first time, rather, was as a college student, and I've never forgotten the extraordinary hospitality of the French people and the extraordinary views that are available here.

This morning, President Sarkozy and I reaffirmed our strong and enduring ties, and I've said on many occasions that France is not only our oldest ally, but also one of our closest, and I consider Nicolas to be an outstanding and trusted partner on the world stage.

I think it's no surprise that we spent most of our conversation focused on strengthening the global economic recovery so that we are creating jobs for our people and stabilizing the financial markets around the world. The most important aspect of our task over the next two days is to resolve the financial crisis here in Europe. President Sarkozy has shown extraordinary leadership on this issue. I agree with him that the EU has made some important steps towards a comprehensive solution, and that would not have happened without Nicolas's leadership. But here at the G20 we're going to have to flesh out more of the details about how the plan will be fully and decisively implemented.

And we also discussed the situation in Greece and how we can work to help resolve that situation as well. And the United States will continue to be a partner with the Europeans to resolve these challenges.

We had the opportunity to also talk about a range of security issues. One in particular that I want to mention is the continuing threat posed by Iran's nuclear program. The IAEA is scheduled to release a report on Iran's nuclear program next week and President Sarkozy and I agreed on the need to maintain the unprecedented international pressure on Iran to meet its obligations.

And finally, I'm looking forward to joining Nicolas and service members from both of our countries tomorrow to celebrate the alliance between our two countries, which spans more than 200 years -- from Yorktown to Libya.

And finally, I want to make mention that this is our first meeting since the arrival of the newest Sarkozy, and so I want to congratulate Nicolas and Carla on the birth of Giulia. And I informed Nicolas on the way in that I am confident that Giulia inherited her mother’s looks rather than her father’s -- (laughter) -- which I think is an excellent thing. And so now we share one of the greatest challenges and blessings of life, and that is being fathers to our daughters.

So again, Nicolas, thank you for your friendship. Thank you for our partnership. And thank you for your gracious hospitality.

PRESIDENT SARKOZY: (As interpreted.) Well, you see Barack Obama's tremendous influence. For four years now, he's been explaining to me that to be a father to daughters is a fantastic experience -- he who has two daughters. So I have listened to him. As a matter of fact, I followed his example.

I must tell you that we had a heavy agenda because there is no lack of subjects for our concern. We need the leadership of Barack Obama. We need the solidarity and the support of the United States of America. We need joint common analysis as to the way we can put the world back on the path of growth and stability.

Together, President Obama and myself are trying to build the unity of the G20. And I wish to pay tribute to the United States for understanding about all the issues we’ll be discussing over the next 48 hours, and in particular, the issue of the Greek crisis -- the difficulty that the euro is facing, the need to be hand-in-glove with the United States on the language of the final communiqué.

Again, I want to thank President Obama for his understanding on all matters, including that of a levy or a tax on financial transactions, where I think we found common ground, at least common analysis, mainly that the world of finance must contribute to solving the crisis that we are all facing today.

I also want to say how delighted I am that President Obama has agreed to stay a few hours after the end of the summit in order to participate in ceremonies to pay tribute to American and French troops who have fought together so many times throughout the course of our joint histories. And I'm delighted to have the opportunity to join President Obama in a television interview, because he is much loved and much liked here in France.

So we have a very heavy agenda ahead of us, and we'll have many opportunities to see you again and explain to you what decisions we've been led to take.

PRESIDENT OBAMA: Thank you very much.

END
10:53 A.M. CET

The White House

Office of the Press Secretary

Remarks by President Obama and Chancellor Angela Merkel of Germany Before Bilateral Meeting

Intercontinental Carlton Cannes Hotel
Cannes, France

11:05 A.M. CET

PRESIDENT OBAMA: It’s wonderful to be back together with my good friend, Angela Merkel. I think that the last time we were in Washington, D.C. together we presented her with the Medal of Freedom, and that indicated the high esteem that not only I, but the United States, hold her and her leadership.

This is going to be a very busy two days. Central to our discussions at the G20 is how do we achieve greater global growth and put people back to work. That means we’re going to have to resolve the situation here in Europe. And without Angela’s leadership we would not have already made the progress that we’ve seen at the EU meeting on October 27th.

We are now, having seen some progress, looking forward to working together to figure out how we can implement this in an effective way to make sure that not only is the eurozone stable, but the world financial system is stable as well. And hopefully during our bilateral meeting we'll also have the ability to discuss a wide range of other issues, including security issues that are so important to both our countries.

But I just want to say, once again, how much I enjoy working with Angela. She exhibits the kind of practical common sense that I think has made her a leader not only in Germany but around the world.

So thank you very much.

Hold on, hold on, hold on -- translation. (Laughter.) All the Americans reporters speak German, but just in case. (Laughter.)

CHANCELLOR MERKEL: (As interpreted.) Thank you very much, and let me say that I'm delighted that we have the opportunity for this meeting here. And mainly, the G20 will afford us an opportunity, during these two days of meeting, not only to talk about European matters but also about global matters that matter to both of us and that are of common interest.

And let me say, again, that I very fondly remember the evening in the White House and the award.

Thank you.

PRESIDENT OBAMA: Thank you, everybody.

END
11:08 A.M. CET