The White House

Office of the Press Secretary

Remarks by the President on Higher Education and the Economy at the University of Texas at Austin

University of Texas, Austin, Texas

 2:05 P.M. CDT

      THE PRESIDENT:  Thank you.  Thank you.  (Applause.)  Thank you.  Thank you.  Thank you, everybody.  Hello, Austin!  (Applause.)  Hello, Longhorns!  (Applause.)  It is good to be back.  It is good to be back. 

     AUDIENCE MEMBER:  I love you, Obama!

     THE PRESIDENT:  I love you back.  (Applause.)  I love Austin.  Love Austin.  I remember -- by the way, anybody who’s got a seat, feel free to take a seat.  (Laughter.)  I remember paying you a visit during the campaign.  (Applause.)  Mack Brown gave me a tour of the stadium, along with Colt and a couple other guys.  And I got a photo with the Heisman.  (Laughter.)  I rubbed the locker room’s Longhorns for good luck.  (Applause.)  And I'm just saying, it might have had something to do with how the election turned out.  (Applause.)  There might be a connection there.

     I also remember the first time that I came to Austin on the campaign.  And there are a number of friends who are here who have been great supporters; I want to make mention of them.  Representative Lloyd Doggett is here, a great friend.  (Applause.)  Senator Kirk Watson is here.  (Applause.)  Congressman Sheila Jackson Lee is here.  (Applause.)  Mayor Leffingwell is here.  (Applause.)  And your own president, Bill Powers, is in the house.  (Applause.)

But this is back in 2007, February 2007.  It was just two weeks after I had announced my candidacy.  I know it’s hard to believe, but it’s true -- my hair was not gray back then.  (Laughter.)  Not many people thought I had much of a shot at the White House.  (Applause.)  Let me put it this way, a lot of folks in Washington didn't think I had a shot at the White House.  (Laughter.)  A lot of people couldn’t pronounce my name.  (Laughter.)  They were still calling me Alabama or Yo’ Mama -- that was -- (laughter.) 

So then I come to Austin, this was back in February of 2007. And it was a drizzly day, and that usually tamps down turnout. But when I got to the rally over at Auditorium Shores there was a crowd of over 20,000 people –- 20,000 people.  (Applause.)  It was people of all ages and all races and all walks of life. 

And I said that day, all these people, they hadn’t gathered just for me.  You were there because you were hungry to see some fundamental change in America -- (applause) -- because you believed in an America where all of us -- not just some of us, but all of us -- no matter what we look like, no matter where we come from, all of us can reach for our dreams.  All of us can make of our lives what we will; that we can determine our own destiny.  And that’s what we’ve been fighting for over the past 18 months. 

I said then that we’d end the Iraq war as swiftly and as responsibly as possible –- and that is a promise that we are keeping.  This month we will end combat operations in Iraq.  (Applause.)

I said we’d make health insurance more affordable and give you more control over your health care -– and that’s a promise we’re keeping.  And by the way, young people are going to be able to stay on their parents’ health insurance until they’re 26 because of the law that we passed. (Applause.)  

I said we’d build an economy that can compete in the 21st century -- because the economy that we had even before the recession, even before the financial crisis, wasn’t working for too many Americans.  Too many Americans had seen their wages flat-line, their incomes flat-line.  We were falling behind and unable to compete internationally.  And I said we need an economy that puts Americans back to work, an economy that’s built around three simple words -- Made in America.  (Applause.)  Because we are not playing for second place.  We are the United States of America, and like the Texas Longhorns, you play for first -- we play for first.  (Applause.)  

Now, when it comes to the economy, I said that in today’s world we're being pushed as never before.  From Beijing to Bangalore, from Seoul to San Paolo, new industries and innovations are flourishing.  Our competition is growing fiercer. And while our ultimate success has and always will depend on the incredible industriousness of the American worker and the ingenuity of American businesses and the power of our free market system, we also know that as a nation, we've got to pull together and do some fundamental shifts in how we've been operating to make sure America remains number one.

So that’s why I’ve set some ambitious goals for this country. I’ve called for doubling our exports within the next five years, so that we're not just buying from other countries, I want us to sell to other countries.  (Applause.)  We've talked about doubling our nation’s capacity to generate renewable energy by 2012, because I'm actually convinced that if we control the clean energy future, then our economic future will be bright -- building solar panels and wind turbines and biodiesel and -- (applause.) 

And I want us to produce 8 million more college graduates by 2020, because -- (applause) -- because America has to have the highest share of graduates compared to every other nation.

But, Texas, I want you to know we have been slipping.  In a single generation, we’ve fallen from first place to 12th place in college graduation rates for young adults.  Think about that.  In one generation we went from number one to number 12. 

Now, that’s unacceptable, but it’s not irreversible.  We can retake the lead.  If we’re serious about making sure America’s workers -- and America itself -- succeeds in the 21st century, the single most important step we can take is make -- is to make sure that every one of our young people -- here in Austin, here in Texas, here in the United States of America -- has the best education that the world has to offer.  That’s the number one thing we can do.  (Applause.)  

Now, when I talk about education, people say, well, you know what, right now we’re going through this tough time.  We’ve emerged from the worst recession since the Great Depression.  So, Mr. President, you should only focus on jobs, on economic issues. And what I’ve tried to explain to people -- I said this at the National Urban League the other week -- education is an economic issue.  Education is the economic issue of our time.  (Applause.) 

It’s an economic issue when the unemployment rate for folks who’ve never gone to college is almost double what it is for those who have gone to college.  Education is an economic issue when nearly eight in 10 new jobs will require workforce training or a higher education by the end of this decade.  Education is an economic issue when we know beyond a shadow of a doubt that countries that out-educate us today, they will out-compete us tomorrow.

The single most important thing we can do is to make sure we’ve got a world-class education system for everybody.  That is a prerequisite for prosperity.  It is an obligation that we have for the next generation.   (Applause.) 

And here is the interesting thing, Austin.  The fact is we know what to do to offer our children the best education possible.  We know what works.  It’s just we’re not doing it.  And so what I’ve said is, let’s get busy.  Let’s get started.  (Applause.)  We can’t wait another generation.  We can’t afford to let our young people waste their most formative years.  That's why we need to set up an early learning fund to challenge our states and make sure our young people, our children, are entering kindergarten ready for success.  (Applause.)  That's something we’ve got to do.  (Applause.)

We can’t accept anything but the best in America’s classrooms.  And that's why we’ve launched an initiative called Race to the Top, where we are challenging states to strengthen their commitment to excellence, and hire outstanding teachers and train wonderful principals, and create superior schools with higher standards and better assessments.  And we’re already seeing powerful results across the country.

But we also know that in the coming decades, a high school diploma is not going to be enough.  Folks need a college degree. They need workforce training.  They need a higher education.  And so today I want to talk about the higher education strategy that we’re pursuing not only to lead the world once more in college graduation rates, but to make sure our graduates are ready for a career; ready to meet the challenges of a 21st century economy.

Now, part one of our strategy is to make college more affordable.  I suspect that that's something you’re all interested in.  (Applause.)  I don’t have to tell you why this is so important.  Many of you are living each day with worries about how you’re going to pay off your student loans.  (Applause.)  And we all know why.  Even as family incomes have been essentially flat over the past 30 years, college costs have grown higher and higher and higher and higher.  They have gone up faster than housing, gone up faster than transportation.  They’ve even gone up faster than health care costs, and that’s saying something.  (Laughter.) 

So it’s no wonder that the amount student borrowers owe has risen almost 25 percent just over the last five years.  Think about that.  Just in the last five years, the debt of students has done up 25 percent.

And this isn’t some abstract policy for me.  I understand this personally, because Michelle and I, we had big loans to pay off when we graduated.  I remember what that felt like, especially early in your career where you don’t make much money and you’re sending all those checks to all those companies.  And that’s why I'm absolutely committed to making sure that here in America, nobody is denied a college education, nobody is denied a chance to pursue their dreams, nobody is denied a chance to make the most of their lives just because they can’t afford it.  (Applause.)  We are a better country than that, and we need to act like we’re a better country than that.  (Applause.)

Now, there are a couple of components to this.  Part of the responsibility for controlling these costs falls on our colleges and universities.  Some of them are stepping up.  Public institutions like the University of Maryland, University of North Carolina, some private institutions like Cornell, they’re all finding ways to combat rising tuition without compromising on quality.  And I know that your president is looking at some of these same approaches to make sure that the actual costs of college are going down.  I want to challenge every university and college president to get a handle on spiraling costs.

So university administrators need to do more to make college more affordable.  But we, as a nation, have to do more, as well. So that’s why we fought so hard to win a battle that had been going on in Washington for years, and it had to do with the federal student loan program.

See, under the old system, we’d pay banks and financial companies billions of dollars in subsidies to act as middlemen. See, these loans were guaranteed by the federal government.  But we’d still pass them through banks, and they’d take out billions of dollars in profits.  So it was a good deal for them, but it wasn’t a very good deal for you.  And because these special interests were so powerful, this boondoggle survived year after year, Congress after Congress.

This year, we said, enough is enough.  (Applause.)  We said we could not afford to continue subsidizing special interests to the tunes of billions of dollars a year at the expense of taxpayers and of students.  So we went to battle against the lobbyists and a minority party that was united in their support of this outrageous status quo.  And, Texas, I am here to report that we won.  (Applause.)   We won.  (Applause.) 

So as a result, instead of handing over $60 billion in subsidies to big banks and financial institutions over the next decade, we’re redirecting that money to you, to make college more affordable for nearly 8 million students and families across this country.  Eight million students will get more help from financial aid because of these changes.  (Applause.) 

We’re tripling how much we’re investing in the largest college tax credit for our middle-class families.  And thanks to Austin’s own Lloyd Doggett -- (applause) -- that tax credit is now worth $2,500 a year for two years of college.  And we want to make it permanent so it’s worth $10,000 over four years of college -- $10,000.  (Applause.) 

And because the value of Pell grants has fallen as the cost of college keeps going up, the cap on how much Pell grants are worth, we have decided to offer more support for the future so the value of Pell grants don’t erode with inflation, they keep up with inflation.  And we’re also making loan repayments more manageable for over 1 million more students in the coming years, so students at UT-Austin, and across this country, don’t graduate with massive loan payments each month.  All right, that's -- we’re working on that right now.  (Applause.)

Now, I should mention, by the way, we’re also making information more widely available about college costs and completion rates so you can make good decisions.  You can comparison-shop.  And we’re simplifying financial aid forms by eliminating dozens of unnecessary questions.  You should not have to take -- you should not have to have a PhD to apply for financial aid.  (Applause.)  You shouldn’t have to do it.  (Applause.)  I want a bunch of you to get PhDs, don’t get me wrong.  I just don’t want you to have to do it for your financial aid form.  (Laughter.)   

     So if you’re married, for example, you don’t need to answer questions anymore about how much money your parents have made.  If you’ve lived in the same place for at least five years, you don’t need to answer questions about your place of residency.  Soon, you’ll no longer need to submit information you’ve already provided on your taxes.  And that’s part of the reason why we’ve seen a 20 percent jump in financial aid applications, because we’re going to make it easier and make the system more accessible.  (Applause.)

So college affordability is the first part of the strategy that we’re pursuing.  The second part is making sure that the education being offered to our college students -- especially, by the way, our students at community colleges -- (applause) -- that it’s preparing them to graduate ready for a career.  See, institutions like the UT are essential to our future, but community colleges are, too.  (Applause.)  They are great, under-appreciated assets that we have to value and we have to support. (Applause.) 

So that’s why we’re upgrading our community colleges, by tying the skills taught in our classrooms to the needs of local businesses in the growth sectors of our economy.  And we’re giving companies an assurance that the workers they hire will be up to the job.  We’re giving students the best chance to succeed. We’re also that way giving America the best chance to thrive and to prosper.  And that’s why we’re also reinvesting in our HBCUs and Hispanic Serving Institutions -- (applause) -- like Huston-Tillotson and St. Edwards.  (Applause.) 

The third part of our strategy is making sure every student completes their course of studies.  I want everybody to think about this.  Over a third of America’s college students and over half of our minority students don’t earn a degree, even after six years.  So we don’t just need to open the doors of college to more Americans; we need to make sure they stick with it through graduation.  That is critical.  (Applause.)

And that means looking for some of the best models out there.  There are community colleges like Tennessee’s Cleveland State that are redesigning remedial math courses and boosting not only student achievement but also graduation rates.  And we ought to make a significant investment to help other states pick up on some of these models.

So we’ve got to lift graduation rates.  We’ve got to prepare our graduates to succeed in this economy.  We’ve got to make college more affordable.  That’s how we’ll put a higher education within reach for anybody who is willing to work for it.  That’s how we’ll reach our goal of once again leading the world in college graduation rates by the end of this decade.  That’s how we’ll lead the global economy in this century, just like we did in the last century.  (Applause.)

When I look out at all the young people here today, I think about the fact that you are entering into the workforce at a difficult time in this country’s history.  The economy took a body blow from this financial crisis and this great recession that we’re going through.  But I want everybody here to remember, at each and every juncture throughout our history we’ve always recognized that essential truth that the way to move forward, in our own lives and as a nation, is to put education first.

It’s what led Thomas Jefferson to leave as his legacy not just the Declaration of Independence but a university in Virginia.  (Applause.)  It’s what led a nation that was being torn apart by civil war to set aside acreage, as a consequence of President Lincoln’s vision, for the land-grant institutions to prepare farmers and factory workers to seize the promise of an Industrial Age.  It’s what led our parents and grandparents to put a generation of returning GIs through college, and open the doors of our schools and universities to people of all races, which broadened opportunity, and grew our middle class, and produced a half a century of prosperity.  (Applause.)  

And that recognition -– that here, in this great country of ours, education and opportunity, they always go hand in hand -– that’s what led the first president of the University of Texas to say, as he dedicated the cornerstone of the original Main Building:  “Smite the rocks with the rod of knowledge, and fountains of unstinted wealth will gush forth.”

That’s the promise at the heart of UT-Austin.  But that is also the promise at the heart of our colleges and of our universities, and it is the promise at the heart of our country  –- the promise of a better life; the promise that our children will climb higher than we did.  That promise is why so many of you are seeking a college degree in the first place.  That’s why your families scrimped and saved to pay for your education.

And I know that as we make our way through this economic storm, some of you may be worried about what your college degree will be worth when you graduate, and how you’re going to fare in this economy, and what the future holds.  But I want you to know, when I look out at you –- when I look into the faces of America’s young men and women –- I see America’s future, and it reaffirms my sense of hope.  It reaffirms my sense of possibility.  It reaffirms my belief that we will emerge from this storm and we will find brighter days ahead, because I am absolutely confident that if you keep pouring yourselves into your own education, and if we as a nation offer our children the best education possible, from cradle through career, not only will America -- workers compete and succeed, America will compete and succeed.  (Applause.) 

And we will complete this improbable journey that so many of you took up over three years ago.  And we’re going to build an America where each of us, no matter what we look like or where we come from, can reach for our dreams and make of our lives what we will.  (Applause.)

     Thank you, Austin.  Thank you, Texas.  God bless you.  And God bless the United States of America.  (Applause.)  Thank you. Good luck to the T.

                                       END                2:29 P.M. CDT

The White House

Office of the Press Secretary

Remarks by the President at a DNC Finance Event in Austin, Texas

Four Seasons Hotel
Austin, Texas

12:55 P.M. CDT

THE PRESIDENT:  Hello, everybody!  (Applause.)  Hello, Austin!  Thank you so much.  Thank you very much.  (Applause.)  Please have a seat, have a seat, have a seat.  Well, first of all, thank you, Linda, for that terrific introduction.  I would have heard it again.  (Laughter.)  I would have been happy.
 
A few other great friends -- your own, somebody from Texas, but who is doing a great job internationally on behalf of all the American people as my Trade Representative, Ambassador Ron Kirk is here.  (Applause.)  More importantly, Ambassador Ron Kirk’s mom is here.  (Applause.) 

A wonderful congressman who is battling day in, day out on behalf of the people of Texas and the folks in his district -- Lloyd Doggett is here.  (Applause.)  I want to thank Mayor Lee Leffingwell for his hospitality.  (Applause.)  Texas Democratic Party chair Boyd Richie and his lovely wife Betty are here.  (Applause.)  And our DNC deputy national finance chair Kirk Rudy is here.  (Applause.) 

It’s good to be back in Texas.  And it’s really good to be back in Austin.  (Applause.)  I just love Austin, Texas.  I do.  Every time I come here I like the people, I like the food, I like the music.  I like that there are a bunch of Democrats here.  (Laughter.)  I like that, too.  (Applause.)  It is wonderful.  And as I look out throughout this crowd, there’s so many of you who did so much on behalf of our campaign, on behalf of my election.  You were with us when we were up; you were with us when we were down -- and you will recall we had some down days.  And I know that if it weren’t for you I might not be standing here as President of the United States.  So, to all my good friends here in Texas, thank you very much for everything that you’ve done.  (Applause.) 

Of course, whenever I talk to my supporters I am reminded of a story Abraham Lincoln liked to tell:  A man comes to the White House demanding to see the President -- and this is at a time when things were a little more relaxed in terms of security -- so he insists that he was a big supporter of President Lincoln.  Finally he gets through reception, gets an audience with the President, and says, “If it weren’t for me you would not be President of the United States.”  And President Lincoln says, “I forgive you.”  (Laughter.) 

It is an extraordinary honor, obviously, to be your President.  But I will also say that the last few years have been incredibly challenging for so many people throughout America.  You know that here.  It’s certainly true all across the country.

Eighteen months ago, when I took office, after nearly a decade of economic policies that has given us little more than sluggish job growth, sluggish economic growth, falling incomes, falling wages, a record deficit, all which culminated in the worst recession that we had experienced since the Great Depression -- that's what we were walking into. 

The month I was sworn in, we lost 750,000 jobs -- just in that one month.  We had lost 3 million jobs in the previous six months.  The next month we lost 600,000.  So we were facing what many economists thought might be a return not just to a recession but a Great Depression.

Now, we didn’t get to that point by accident.  We got there after nearly 10 years of an economic theory in Washington that was pretty straightforward:  You cut taxes for the wealthiest Americans, you cut back rules and enforcement when it comes to special interests, and then you cut the middle class loose to fend for themselves. 

So if you’re a young person who couldn’t afford to go to college, tough luck, you’re on your own.  If you’re a child here in Texas that doesn’t have health insurance, them’s the breaks, pull yourself up by your own bootstraps.  If you’re a worker who had been laid off, maybe short of retirement, and couldn’t find anything that would allow you to pay the bills or pay the mortgage, that’s too bad, you’re on your own.  Now, on the other hand, if you’re a Wall Street bank or an insurance company or an oil company, then you got to write your own ticket. 

We know how this approach turned out.  So when I took office, we put in place a new economic plan -- a plan that rewards hard work instead of greed; a plan that rewards responsibility instead of reckless; a plan that focused on our middle class,  making them more secure, and making sure that our country was competitive over the long run so the jobs and industries of the future weren’t going to China or India or Germany, but were going to the United States of America, right here. 

And instead of spending money on special interest tax loopholes that don’t create American jobs, we said we’re going to make smart investments in education and innovation and clean energy that will benefit all people and our entire economy.  Instead of giving special interests free rein to write their own regulations, we demanded new accountability from Washington to Wall Street so that big corporations had to play by the same rules as small companies and by individuals.  That’s only fair.

Now, it took us nearly a decade to dig ourselves into a very deep hole.  And so I’m here to tell you that it’s going to take us some more time to dig our way out of that hole.  The devastation that has touched so many of our families, so many of our communities, that is going to take some time to heal.  And I hear those stories firsthand wherever I travel.  I hear about them in the letters that I receive every night that I read from people who are doing their best to keep on striving towards that American Dream, but keep on hitting a bunch of road blocks and are looking for help.  So the road to recovery is long and it’s filled with challenges.  And I’m under no illusion that we’ve gotten there yet.  We’ve got a lot more work to do. 

But here is the thing I want everybody here to understand, because you were part of that journey that we started three years ago.  After 19 months in office, we are on the right track.  (Applause.)  An economy that was shrinking by up to 6 percent when I took office is now growing -- not as fast as we want, but it is growing. 

We were losing all those jobs every month.  We’re now adding private sector jobs -- seven consecutive months now that we’ve seen private sector job growth.  It’s being offset some because state and local budgets are getting hammered so hard that they’re laying off folks even as the private sector is starting to pick up.  But we’re moving in the right direction.

And so the last thing we can afford to do at this critical juncture in our history is to go back to the same policies that got us into this mess in the first place.  And that is what this November election is going to be all about.  Are we going to move forward, or are we going to move backwards?  Policies that crashed the economy, that undercut the middle class, that mortgaged our future -- do we really want to go back to that?  Or do we keep moving this country forward?

Now, when we talk about this going back thing, I notice some Republicans say, well, he just wants to bash the previous administration.  He’s looking backwards.  He’s trying to take the focus off the tough economic situation that a lot of people are feeling.  No, no, no.

The reason we’re focused on it is because the other side isn’t offering anything new.  I mean it would be one thing if having run the economy into the ground, having taken record surpluses and turned them into record deficits, if having presided over the meltdown of our financial system, that they had gone off into the desert for a while and reflected -- (laughter) -- and said, boy, we really screwed up.  What we were selling didn't work.  It badly damaged the American economy, and now we’re going to come back with a whole new set of ideas. 

But that's not what’s happening.  Instead, they are trotting out the exact same ideas that got us into this mess in the first place.  Their big economic plan is to renew the tax cuts that helped to turn surpluses into deficits -- tax cuts for the wealthiest Americans.  And once you get past that, they don't have another new idea.  That's it.

In fact, when the leader of the Republicans in the House of Representatives was asked, what’s your big jobs plan, he said, well, we should repeal health care.  (Laughter.)  That was it.  I don't know how that would create jobs other than maybe for folks who want to deny you coverage for health care.  But it sure isn’t a new plan.  

And so we’ve got a choice between a forward-looking agenda that is rebuilding the structure of this economy so it’s working for all Americans, or just going back to the same stuff that got us into this mess. 

In fact, I’ve been traveling around the country trying to use an analogy here, and it’s as if these guys took the car, drove it into the ditch, then -- so we put our boots on, we walked down into the ditch, into the mud.  We pushed; we shoved. Meanwhile, they’re standing back, they’re watching us -- (laughter) -- drinking a Slurpee or something -- (laughter) -- and saying, well, you’re not pushing fast enough and you should push this way instead of that way.  And they had a lot of commentary, but they sure weren’t putting their shoulder behind pushing.

And finally we get this car up on level ground.  Finally we get it back on the road.  And these guys turn to us and say, “Give us the keys back.”  (Laughter.)  Well, no, you can’t have the keys back because you don’t know how to drive.  (Laughter.)  You do not know how to drive and so you can’t have the keys back. (Applause.)

Now, here’s another interesting thing -- I want you guys to think about this.  If you have a car and you want to go forward, what do you do?  You put it in “D.”  (Laughter.)  When you want to go backwards, what do you do?  You put it in “R.”  (Applause.) I'm just saying.  That’s no coincidence.  (Laughter.)  We are not going to give them the keys back. 

What they’re really counting on is amnesia.  That’s their basic theory in this election.  They know they messed up, and they know that we pulled the country out of the problems that we were in.  But they figure, well, you know what, he’s been in office long enough, and this was a deep enough, tough enough recession, and things aren’t where people know they should be, and so maybe they’ll forget that actually this was the result of our economic policies, so we’ll just offer the same policies.

But I think the American people are smarter than that.  I think they understand that if we want the kind of America for our children and our grandchildren that we truly hope for, then we’ve got to move in a new direction -- not only to solve some of these short-term economic problems but to lay a foundation for long-term economic growth. 

And what does that mean?  That means that instead of giving tax breaks to companies that are shipping jobs overseas, we’ve got to give tax breaks to companies that are creating jobs right here in the United States of America.  We have started to do that.  (Applause.)  We’ve given eight tax cuts to small businesses so far, and we are not done. 

But you know what?  The other side has resisted every attempt.  We’ve got a bill right now that was pending in the Senate to provide assistance to small businesses.  Now, this should be as American as apple pie.  Small businesses create two out of every three jobs in America.  So we put together a package, paid for -- doesn’t add to the deficit -- that would help small businesses get loans, would eliminate the capital gains rate for small business start-ups.  The Chamber of Commerce endorses it.  Now, let me tell you -- (laughter) -- the Chamber of Commerce doesn’t always go out of its way to say nice things about me. 

And yet we still can’t get it moving through the Senate, because these folks -- their basic theory is, we don't want to do anything that helps the President move the country forward, because they’re thinking about the next election instead of the next generation.

We’ve got a different approach.  We’ve started to jumpstart a homegrown clean energy economy.  All across the country you’re seeing wind turbines and solar panels and biodiesel that is being built right here in the United States of America.  We have single-handedly started a advanced battery manufacturing industry right here.  We used to have 2 percent of the batteries that go into electric cars.  We’re going to have 40 percent of that industry right here in the United States of America by 2015, thanks to some of the work that we’ve already done.

Now, the other side, they don't want to do that.  They’ve been saying no to a clean energy future.  We’ve said we needed 21st-century infrastructure that could put people back to work, particularly all those folks who’ve been laid off of the construction industry now that the housing bubble has burst -- put them to work not just rebuilding roads and bridges, dams and sewer lines, all the traditional infrastructure, but building a smart grid that can carry energy efficiently all across America. Or creating broadband lines into rural areas so that they can compete in the global economy. 

Or the others say -- what did the other side say?  They said no -- because they’re thinking about the next election instead of the next generation.  No to small business tax cuts.  No to clean energy jobs.  No to infrastructure projects.  I have to say, though, they do show up at the ribbon-cuttings for the infrastructure projects.  (Laughter.)  Lloyd knows this.  They will fulminate and say it’s going to be Armageddon if we pass all this stuff, but then they’re cheesin’ and grinnin’ right there -- (laughter) -- got the shovel all ready -- (laughter) -- sending out the press releases. 

But the point is that there’s been a fundamental lack of seriousness on the other side.  We have spent the last 20 months governing.  They spent the last 20 months politicking.  Now we've got three months to go, and so we've decided, well, we can politick for three months.  They’ve forgotten I know how to politick pretty good.  (Laughter and applause.)  And so I'm happy to make this argument -- (applause) -- I am happy to have this debate over the next several months about what their vision of the future is, because they don’t have one.  They are trying to move us backwards, and we need to move us forward.

So I just want everybody here to understand.  Here in Texas, there’s been some controversy around the issues of health care.  No state stands to benefit more from our health care reform than the state of Texas, which has so many people who are insured in this state.  (Applause.) 

The health insurance reform we passed, it’s not just preventing insurers from denying you coverage.  It’s cutting taxes for small business owners that cover their employees, by up to 35 percent of the premiums they’re paying for their employees. It’s saying to young people, you can stay on your parent’s health insurance until you’re 26 so that there’s not that gap in coverage just as they’re starting their careers.  It’s providing assistance to seniors, so that they can help to deal with that doughnut hole that was created by the prescription drug plan.  And slowly, this plan is going to eliminate it.

And then there was just news last week that showed that because of our health reform plan, the life of Medicare is going to be extended for an additional 12 years.  It has made Social Security -- it has made Medicare stronger for the next generation, as well as this generation. 

And in the meantime, it has enshrined a basic principle, which is, in a country as wealthy as ours, nobody should go bankrupt just because they get sick, and no child should go without basic preventive care.  Those are basic principles that we should all be able to agree on -- unless you’re thinking about the next election instead of the next generation. 

The other party has pledged to repeal Wall Street reform.  Now, this gives you some indication of what this election should be about.  Here we have a situation in which the recklessness of a few on Wall Street -- and I don’t want to paint with a broad brush here.  There are some people on Wall Street and in banks across America that do right by their customers.  But a handful of folks took exorbitant bets with huge leverage and other people’s money and almost brought this entire economy to a halt. Businesses, large and small, couldn’t get credit.  Everybody was panicked.  The stock market plunged.  People lost trillions of dollars worth of wealth.  And we are going to be digging ourselves out from that destructive force for years to come. 

Now, you would think in the aftermath of that, that anybody sensible would say, you know what, we need to have some stronger rules of the road in place, not to stifle innovation, not to strangle the free market, but rather to make sure that everybody is playing by some basic rules; that financial institutions are making their money by providing good products and good services to their customers, instead of trying to game the system.

And yet, if you ask the Republican leaders in Washington, they all want to repeal the reforms that we just passed.  Makes no sense -- unless you’re thinking about the next election, or you’re thinking about the special interests that you’ve been working with hand in glove for the last 20 months or the last decade.  It doesn’t make sense -- unless you’re only thinking about the next election.

We’re in a college town here.  One of the things we did was we said we’ve got to make college more affordable to all Americans.  And yet a system where the government was guaranteeing loans but they were sending them through financial institutions who were skimming billions of dollars in profits -- and so we said, you know what, let’s just cut out the middleman, give that money directly to young people.  We’re now providing more than a million young people loans that they weren’t getting before because of this single measure that we took.  (Applause.) But we got no help from the other side.  We got no help from the other side. 

For years, the other side did nothing about the fact that too many women aren’t paid the same as men for doing the exact same work.  We decided to pass a law that says we mean what we say, equal pay for equal work.  (Applause.)  We didn’t get help on that.

They want to talk about tax cuts for the wealthiest Americans.  We provided 95 percent of working families here in America a tax cut.  We believe in trying to keep taxes low for folks who really need help, especially at a time when their incomes and their wages are flat-lining.  But for you to talk about being a deficit hawk, that you want responsible deficit hawk, that want responsible governance, and then you’re willing to argue for $700 billion worth of tax cuts for people who don't need them and weren’t even asking for them?  That tells me you’re thinking about the next election instead of the next generation.

And then most recently we’ve got the crisis in the Gulf.  Now, thankfully, because of incredibly hard work by people from all across government, we are now finally able to say that the well is contained and we could get a permanent kill of that well over the next couple of weeks.  But the kind of damage that's been done, obviously, to the Gulf has been tremendous.  And small business owners and fishermen who’ve been impacted, when you talk to them directly, and they start tearing up because these are businesses and a way of life that has been in their families for generations they feel like may be lost -- that prompted me to say to BP, we want you to be responsible, do the right thing, and put in place $20 billion to make sure that these folks get paid, because they were not at fault in this crisis.

And what does the ranking member, who would be the chairman of the Energy Committee if the Republicans took over the House next year, what did he have to say?  He apologized to BP; said, I’m sorry.  I’m sorry the President shook you down.  I think he may have added in there, Chicago shakedown.  (Laughter.)  I’m not sure.  Maybe it was somebody else.  Apologized to BP because we decided we needed to hold a company accountable for the environmental devastation and the economic devastation that had been caused in the Gulf. 

I don't even think he was thinking about the next election. (Laughter.)  I don't know what he was thinking about.  But it’s consistent with a governing philosophy that says there shouldn’t be any rules on the most powerful forces.  They should be able to operate unconstrained. 

Right now all around this country there are groups with harmless-sounding names like Americans for Prosperity, who are running millions of dollars of ads against Democratic candidates all across the country.  And they don't have to say who exactly the Americans for Prosperity are.  You don't know if it’s a foreign-controlled corporation.  You don't know if it’s a big oil company, or a big bank.  You don't know if it’s a insurance company that wants to see some of the provisions in health reform repealed because it’s good for their bottom line, even if it’s not good for the American people.

A Supreme Court decision allowed this to happen.  And we tried to fix it, just by saying disclose what’s going on, and making sure that foreign companies can’t influence our elections. Seemed pretty straightforward.  The other side said no.

They don't want you to know who the Americans for Prosperity are, because they're thinking about the next election.  But we’ve got to think about future generations.  We’ve got to make sure that we’re fighting for reform.  We’ve got to make sure that we don't have a corporate takeover of our democracy.

So, Austin, the bottom line is this:  We’ve traveled a long way over the last 19 months, in large part thanks to folks like you.  We have had historic challenges and we’ve had historic responses.  But right now the choice is between whether we go back to those policies that got us into this mess, or we continue with the policies that are getting us out of this mess.

And I’m confident that the American people -- when they're focused, as tough as these times are, they're going to say, you know what, we can’t go back to policies that were eroding our middle class, and leaving jobs to move overseas, and leaving our incomes and wages stagnant and vulnerable to forces that we don't have any control over.  I’m confident that the American people want something different.

Yes, it’s hard.  Washington, a lot of times during the course of these last 19 months, the pundits have written or they’ve talked to our press people and they say, what’s the President doing?  Doesn’t he know some of these steps that he’s taking don't poll well?  Yes, I do.  I have pollsters, too.  (Laughter.)  They tell me before any decision, boy, this is really unpopular.  (Laughter.)  Our decision on the autos was really unpopular, and we now have an auto industry that has posted profits in all three auto companies for the first time in a long time.  And we’re going to pretty soon get all our taxpayer dollars back that my administration put in, because of the steps that we took.  (Applause.)  And we’ve hired 50,000 new autoworkers and saved about a million jobs.  But at the time, it was really unpopular.  It polled really well.  But you did not elect me to just try to do what was politically expedient at the moment.

You supported me to do what was right, and that’s what we’ve been doing.  You did not elect me to think about how I could get reelected; you hired me to make sure that I was thinking about how your children and your grandchildren are going to have an America that is strong and vibrant and competitive all around the world.  (Applause.)  That’s why you put us in charge.  (Applause.)

So, Austin, I am here to tell you we are going to keep on moving this country forward, but we are going to need your help. We are going to need your help because this is a tough environment.  People are frustrated.  People have been traumatized by what’s taken place over the last couple of years. And members of Congress, who’ve been taking tough votes, courageous votes, folks like Lloyd have time and again stood up against the prevailing political winds in order to do what’s right.  They are going to need your help.  (Applause.) 

So I need you to make phone calls.  I need you to write -- I need you to talk to your friends.  I need you to talk to your neighbors.  I need you to help them raise money.  I need you to get information out.  I need you to have the same kind of passion and the same kind of hope that helped elect me a couple of years ago. 

And it’s places like this and supporters like you that ultimately are going to make all the difference.  If you are standing with us, I’m absolutely confident we’re going to do well in November.  But understand this:  More importantly, I’m absolutely confident that America is going to be back not just to as strong as we were before this crisis, but stronger than we’ve been before. 

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

END
1:26 P.M. CDT

The White House

Office of the Press Secretary

Remarks by the President Honoring the Super Bowl Champion New Orleans Saints

East Room

 9:20 A.M. EDT

     THE PRESIDENT:  Well, welcome, everybody.  Please have a seat, have a seat.  It is wonderful to see all of you.  Welcome, and congratulations to the 2009 Super Bowl Champions -– the New Orleans Saints.  (Applause.)  

I want to start by recognizing some folks in my administration who are big fans of this team -- Lisa Jackson -- (applause) -- from the EPA; Secretary Donovan from HUD; -- (applause) -- Craig Fugate from FEMA.  (Applause.)  We’ve got a few very proud members of Congress with us –- Senator Mary Landrieu -- (applause) -- and Representative Steve Scalise are in the house.  (Applause.)  

Congratulations to the owner, Tom Benson, who has led this team through times that would test anybody; and General Manager Mickey Loomis, for building this extraordinary championship squad.

Congratulations to your outstanding head coach, Sean Payton, who’s done just great work.  (Applause.)  I must point out Sean is a Chicago guy.  (Laughter.)  I'm just saying.  (Laughter.)  By way of Naperville.  You’ve got to be tough to be a Chicago guy.  I make some tough decisions every day, but I never decided on an onside kick in the second half of the Super Bowl.  (Applause.)  That took some guts.  Were you okay with that?  Did he check off with you?  (Laughter.)  I'm glad that thing went all right.  (Laughter.)

Coach Payton led this team to a remarkable season:  13-0 start, a franchise record for wins; a heck of an overtime win in the NFC Championship.  And then after falling behind in the Super Bowl, with the onside kick, huge second half; Tracy Porter’s interception guaranteeing that the Lombardi Trophy would go to the city of New Orleans for the very first time.  It was an unbelievable moment.  (Applause.) 

I want to congratulate the Super Bowl MVP, your quarterback, your captain -- Drew Brees.  (Applause.)  I have to say all of us were very excited after the game -- all my wife wanted to talk about was Baylen, that little boy sitting with Drew, and everybody going, “Awww,” (laughter) -- which, I'm just saying, you made a lot of fans then.  (Laughter.)  Drew and his wife, Brittany, are expecting their second child in October.  So, congratulations to you both.  (Applause.)  

Drew threw six touchdowns in the opening weekend, making it pretty clear that the Saints were coming to play.  And over the course of the season, he set a new NFL record for accuracy, completing more than 70 percent of his passes.  I have a few staffers who were thrilled to have Drew on their fantasy team.  (Laughter.)  So they are grateful for that.

And by the way, this is not Drew’s first time to the White House.  Last year, we filmed a PSA some of you may have seen, encouraging America’s youth to get 60 minutes of physical activity every day.  He tossed me a nice tight spiral that I then lateraled to a kid on DeMarcus Ware’s shoulders.  I also want to point out I beat Troy Polamalu over the middle on that throw.  (Laughter.)  You remember.  (Laughter.)  I'm not sure he was going top speed, but -- (laughter.)

Finally, Drew has agreed to serve as co-chair of the new President’s Council on Fitness, Sports and Nutrition.  And I want to thank all the players who put on a clinic earlier this morning with children from the Boys and Girls Club as part of the Let’s Move and the NFL’s Play60 program.  So, thank you very much, guys, for participating in that.  (Applause.)

So this was an unbelievable season.  After decades of frustration, the Saints finally won the big one.  The “ain’ts” and the “sad sacks” gave way to the “Who Dats.”  Local musicians even gave a jazz funeral to retire the “ain’ts” nickname.  But I think we all know that this season meant far more than that to the City of New Orleans -– and to all Americans, really. 

Look, I’m a Bears fan.  I’m not going to lie.  (Laughter.)  But this was a big win for the country -- not just for New Orleans -- because five years ago, this team played its entire season on the road.  It didn’t have a home field.  The Superdome had been ruined by Hurricane Katrina.  The heartbreaking tragedies that unfolded there when it was used as a shelter from that terrible storm lingered all too fresh in a lot of people’s minds.

And back then, people didn’t even know if the team was coming back.  People didn’t know if the city was coming back.  Not only did the team come back -– it took its city’s hands and helped its city back on its feet.  This team took the hopes and the dreams of a shattered city and placed them squarely on its shoulders. 

And so these guys became more than leaders in the locker room -– they became leaders of an entire region.  And the victory parade that we saw earlier this year made one thing perfectly clear, that New Orleans and the New Orleans Saints are here to stay.

So plenty of cities carry their sports teams through  a tough season.  It’s a rare thing when a sports team carries a city through tough times.  And that’s why there’s such a deep bond between this organization and the city.  I’m not sure there’s any other city that feels that same way right now.  And that's not just for what the Saints have done on the field, but what they’ve done off it to see that the city keeps rising.

In fact, NFL Commissioner Roger Goodell recently said that every team in professional sports should use the Saints as a model for how to interact with their community.

This entire team has worked with Habitat for Humanity to rebuild neighborhoods in New Orleans.  Many of these guys and the coaches and the players run foundations to help children in need.  All of them are off to Walter Reed later this morning to spend some time with wounded warriors who served our country.

And obviously the Gulf region has spent the last few months besieged by yet another crisis.  But last week we received the news that we had hoped for.  Yesterday, we learned that a procedure to prevent any more oil from spilling with a cement plug appears to have succeeded.  And the final steps will be taken later in August when the relief well is completed.  But what is clear is that the battle to stop the oil from flowing into the Gulf is just about over.

Our work goes on, though.  I made a commitment to the people of the Gulf Coast that I would stand by them not just until the well was closed but until they recovered from the damage that’s been done.  And that’s a commitment my administration is going to keep.

So with the ongoing reopening of Gulf fisheries, we’re excited that fishermen can go back to work and Americans can confidently and safely enjoy Gulf seafood once again.  We’re certainly going to enjoy it here at the White House.  In fact, we had some yesterday.

While they’re here today, several Saints players are going to spend some time teaching our staff their favorite Gulf seafood recipes.  So who’s cooking?  (Laughter.)  Which one -- it’s you back there?  All right.  (Laughter and applause.)  And Sam Kass, the White House -- he’s very excited, he’s very excited.  And after weeks of hearing about food from our response teams down in the Gulf, I can tell you that our staff is excited about the 30-foot po’ boy we’re serving at lunch today.  (Laughter.)

But let me just say in closing, we are very proud of this team, and we are very proud of the owner of this team, because it required a great commitment on your part to help pull this team and this city along.  And so there is a heartfelt congratulations not just from those of us here in the White House, but I think all across America.  These are big guys with big hearts, and shoulders big enough to carry the hopes and dreams of an entire city with them. 

So with that, congratulations to all of you -- the New Orleans Saints, 2009 Super Bowl Champions.  Congratulations.  (Applause.) 

                                      END            9:29 A.M. EDT

The White House

Office of the Press Secretary

Remarks by the President and Elena Kagan at Reception Honoring Her Confirmation

East Room

2:25 P.M. EDT

THE PRESIDENT:  This is a good day.  (Laughter.)  Good afternoon, everybody.  Welcome to the White House.  I am pleased that all of you could be here today as we celebrate the next member of our nation’s highest court.  And while she may be feeling a twinge of sadness about giving up the title of “General” -- (laughter) -- a cool title -- I think we can all agree that “Justice Elena Kagan” has a pretty nice ring to it.  (Applause.)

We are very honored to be joined today by two of Elena’s new colleagues -- Justice Ruth Bader Ginsburg and Justice Anthony Kennedy -- and we’re thankful for their presence.  (Applause.)  Justice Kennedy assured me that he would keep Justice Kagan out of trouble, and Justice Ginsburg assured me that she would get Justice Kagan into trouble.  (Laughter.)  So we’ll see how that works out.  (Laughter.) 

We’re also pleased to have several members of Congress, as well as our Cabinet here today; and of course members of Elena’s family.  And thanks to all of you for your service and for taking time to be here today.  

I also want to express my gratitude to our Senate Judiciary Committee Chairman, Senator Leahy; Ranking Member, Senator Sessions; Majority Leader Reid; and Republican Leader McConnell, for seeing to it that Elena got a full, fair and timely hearing. 

After more than 80 one-on-one meetings and 17 hours of testimony, I’d say that the Senate got a pretty good look at Elena Kagan.  They got a good sense of her judicial philosophy, her commitment to the rule of law, her rich understanding of our Constitution, and of course, where she can be found on Christmas Day.  (Laughter.) 

The bipartisan support she received in yesterday’s vote is yet another example of the high esteem in which she’s held by folks across the political spectrum.  There aren’t many law school deans who receive standing ovations from both the Federalist Society and the American Constitution Society.  And I don’t know too many folks whose fans include President Clinton, Judge Abner Mikva, and Justice Ginsburg, as well as Ken Starr, Miguel Estrada, and Justice Scalia. 

In fact, I understand that Justice Scalia came to relish their spirited exchanges during Elena’s appearances before the Court -- even after Elena cheerfully informed him that he was, and I quote, “wrong” in his understanding of a recent case.  (Laughter.)  I’m sure that was refreshing for him to hear.  (Laughter.) 

These folks may not agree on much, but they’ve all been impressed, as I have, by Elena’s formidable intellect and path-breaking career -- as an acclaimed scholar and presidential advisor, as the first woman to serve as Dean of the Harvard Law School, and most recently as Solicitor General.  They admire how, while she could easily have settled into a comfortable practice in corporate law, she chose instead to devote her life to public service.  They appreciate her even-handedness and open-mindedness, and her excellent -- and often irreverent -- sense of humor. 
 
These are traits that she happens to share with the last Solicitor General who went on to become a Supreme Court Justice -- one for whom Elena clerked, and whom she considers one of her heroes -- Justice Thurgood Marshall.  And we are very proud to have Justice Marshall’s widow here today joining us.  (Applause.)

In a tribute she wrote after Justice Marshall’s death, Elena recalled how she and her fellow clerks took turns standing guard when his casket lay in state at the Supreme Court -- and how 20,000 people stood in a line that stretched around the block to pay their respects.  They were people from every background and every walk of life: black, white, rich and poor, young and old.  Many brought their children, hoping to impress upon them the lessons of Justice Marshall’s extraordinary life.  Some left notes, some left flowers.  One mourner left a worn slip opinion of Brown v. Board of Education.

It is, to this day, a moving reminder that the work of our highest Court shapes not just the character of our democracy, but the most fundamental aspects of our daily lives -- how we work, how we worship, whether we can speak freely and live fully, whether those words put to paper more than two centuries ago will truly mean something for each of us in our time. 

Because as visionary as our founders were, they did not presume to know exactly how the times would change and what new questions fate and history would set before us.  Instead, they sought to articulate principles that would be timeless -- ones that would accommodate the changing circumstances of our lives while preserving the rights and freedoms on which this country was founded. 

Today is one of those moments when you can’t help but appreciate the extraordinary success of their efforts.  For nearly two centuries, there wasn’t a single woman on the Supreme Court.  When Elena was a clerk, there was just one.  But when she takes her seat on that bench, for the first time in history, there will be three women serving on our nation’s highest court.  (Applause.) 

It is, as Justice Ginsburg recently put it, “one of the most exhilarating developments” -- a sign of progress that I relish not just as a father who wants limitless possibilities for my daughters, but as an American proud that our Supreme Court will be a little more inclusive, a little more representative, more reflective of us as a people than ever before.

And it is yet another example of how our union has become more, not less, perfect over time -- more open, more fair, more free.  That’s not just a matter of accident or chance.  While those founding truths about liberty and equality may have been self-evident, they are not self-perpetuating.  And it is the members of our highest court who do the vital and constant work of ensuring that they endure.  And that's work that I am confident Elena will carry out with integrity, with humanity, and an abiding commitment to the ideal inscribed above our courthouse doors:  equal justice under the law. 

So it is now my great pleasure to introduce, as our next Supreme Court Justice, Elena Kagan.  (Applause.)

MS. KAGAN:  Thank you so much, Mr. President.  Thank you for the honor you’ve given me and the trust you’ve placed in me by nominating me to the Supreme Court.  I am deeply grateful. 

Thank you also for lending me some of your marvelous staff since my nomination.  There’s a lot of work and preparation that goes into the confirmation process.  And I very much appreciate their tireless efforts.  And one person deserves a special shout-out for her incomparable energy, expertise and wisdom, and that's the head of your judicial nominations team, Susan Davies.  (Applause.)

I also want to thank the Judiciary Committee and the entire Senate for giving me such respectful and expeditious consideration.  Chairman Leahy gave me wonderful advice throughout this process, and both he and Senator Sessions ensured that my hearing was serious and courteous.  I also very much enjoyed meeting with 83 senators -- but really who’s counting? -- (laughter) -- and enjoyed learning more about their concerns, their interests, and their deep commitments to public service.

I’m delighted that many of my former colleagues from the Solicitor General’s Office are here.  It’s the best law office in the country and I’ve learned every day from its members.  Now, once I put on that robe, I’m only going to vote with them when they have the better of the argument, which, let’s be frank, is not in every case.  (Laughter.)  But I will always -- (laughter) -- but I will always appreciate their integrity and professionalism and dedication.

Finally, I want to thank my family and friends.  I have a lot of family here today -- my brothers and sister-in-law, a nephew, a niece, aunts, uncles, cousins -- and I have a great many friends here as well.  You came from all over the country as soon as you heard the Senate had approved my nomination.  And I’m moved and deeply grateful for your support.

And all around me in this room, I feel the presence of my parents.  I wouldn’t be standing here today if not for their love and sacrifice and devotion.  And although my parents didn’t live to see this day, what I can almost hear them saying -- and I think I can hear Justice Marshall saying this to me right now as well -- is that this appointment is not just an honor.  Much more importantly, it is an obligation -- an obligation to protect and preserve the rule of law in this country; an obligation to uphold the rights and liberties afforded by our remarkable Constitution; and an obligation to provide what the inscription on the Supreme Court building promises:  equal justice under law.

Tomorrow, I will take two oaths to uphold this solemn obligation: one, to support and defend the Constitution; and the other, to administer justice without respect to persons, to the rich and poor alike.

Today, Mr. President, I will simply say to you and to everyone here and across the nation that I will work my hardest and try my best to fulfill these commitments and to serve this country I love as well as I am able.

Thank you.  (Applause.)

THE PRESIDENT:  I told Elena to go ahead and soak it in because I'm not sure they’re allowed to clap in the Supreme Court.  (Laughter.)  But thank you very much for joining us, and please enjoy the reception.  Thank you.

END
2:38 P.M. EDT

The White House

Office of the Press Secretary

Remarks by the President on Jobs and the Economy

Gelberg Signs
Washington, D.C.

11:57 A.M. EDT

THE PRESIDENT:  Thank you, everybody.  Thank you.  Please, everybody, have a seat.  It is wonderful to be here.  I want to acknowledge a couple folks who are present.  First of all, we’ve got Representative Eleanor Holmes Norton right here, doing great work.  (Applause.)  I want to thank Mayor Adrian Fenty for being here.  (Applause.)  We’ve got local city council members who are here with us today.  And I want to finally make sure to acknowledge Luc, Guy, and Neil Brami, the owner of Gelberg Signs.  (Applause.)   

I just had a chance to tour Gelberg Signs and see the outstanding work that they’re doing.  This is the last sign-making company in Washington, D.C., I just learned.  And the Brami brothers, their father worked here when they were young and they came to buy the company.  So it’s a wonderful story of entrepreneurship.  And I’ve been told that they don’t argue as much now as they used to when they were kids.  That’s the story I’ve gotten.

But the work ethic, the craftsmanship, the entrepreneurialism of this company is an example of what makes our country so great.  And I really commend them for the fine company that they’ve built.  I’ll be speaking about the challenges facing small businesses like Gelberg Signs in a moment, but first, I want to say a word about where we are in our economy more broadly.

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

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

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

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

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

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

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

And that’s why I welcomed the news earlier this week that after a lot of partisan bickering and delay, the Senate passed a bill that will not only keep at least 160,000 teachers in the classroom this fall who would otherwise be out of a job, but will help states avoid making other painful layoffs of essential personnel, like police and firefighters. 

One of the areas where we’ve been losing jobs even as we’re gaining in manufacturing has actually been in state and local hiring, because their budgets have been plummeting.  All the city council members are nodding here.  And so this bill will help.  Speaker Pelosi said she’s going to bring the House back in session to pass this bill and as soon as they do, I’m ready to sign it into law.  (Applause.)

We’ve also got to look at industries of the future.  And that’s why we’re investing in a clean energy economy with the potential to create hundreds of thousands of jobs across the country by spurring two private sector dollars for every tax dollar we invest, strengthening our economy at the same time cleaning up our planet and making all of us more secure in the process.

And that’s why it’s so important to pass a jobs bill for America’s small businesses.  (Applause.)  Small businesses are where most jobs in this country are created, small businesses like the one I’m visiting today, Gelberg Signs.  Now, our small businesses were especially hard hit by this recession and many are having a tough time getting back on their feet. 

But Gelberg Signs actually is doing pretty well and they’re hopeful about the future.  And that’s mainly because of the people who work here -- some of whom are standing with me today -- but it’s also because we’ve helped remove some of the obstacles that make it harder for small businesses like Gelberg Signs to grow and hire.

So, for example, they’ve taken advantage of a new hiring tax credit we created that says small businesses don’t have to pay a dime of payroll tax when they hire a worker who’s been out of a job for at least 60 days.  So in fact, almost half of the employees they’ve hired this year qualified for that tax credit, including one of the folks standing behind me today.

They’ve also taken out what’s called 7(a) loans that are guaranteed by the Small Business Administration.  And that’s a lifeline for many small businesses that help them pay off old debts, buy new equipment, and bring on more workers.  Last year, we took steps to cut fees and offer more robust guarantees on these loans.  And partly as a result, the number of 7(a) loans offered to small businesses went up substantially.  But since these enhancements expired, these loans have dried up, leaving many small business owners in the lurch.

So the small business jobs bill that’s being debated in Congress right now would not only extend these successful policies, but the bill would also more than double the size of the loans that small businesses like Gelberg Signs can take out.  It would create new small business lending funds to unlock credit for entrepreneurs.  It would provide new tax cuts to small businessmen and women who want to accelerate investment in their companies and in our economy. 

This is the right thing to do.  We want Gelberg Signs not just to hang on -- we want you guys to thrive and to grow and to hire more and more workers.  (Applause.)  And you know you create a great product.  You know you provide great service.  You stand behind what you do.  But sometimes it’s hard to get financing; sometimes you need some help in terms of cutting your tax burden.  That's what this bill does.

And yet, a minority in the Senate is standing in the way of giving our small businesspeople an up or down vote on this bill.  And that’s a shame.  These kinds of delays mean contracts are being put off, debts are adding up, workers are going without a job –- and we can’t afford it.  We need to do what’s right, not what’s political, and we need to do it right now.  (Applause.) 
 
We need to decide whether we’re willing to do what’s necessary to keep this economy moving in the right direction.  Whether we’re willing to rise above the election-time games and come together, all of us -- Democrats and Republicans and independents -- all of us coming together not just to pass a jobs bill that is going to help small businesses like this one hire and grow, but also to secure a clean energy future, and accelerate our recovery, and rebuild our economy around three simple words -- Made in America.  That is what I’m committed to doing, and that’s what I hope members of both parties will join me in doing in the days ahead and beyond.

So congratulations to this outstanding company for the great work you're doing.  Congratulations to the workers -- because ultimately, you are what makes this company.  We want you to keep on growing and we want other companies like this one to keep on growing.  And we want the next generation of young entrepreneurs, like these three brothers, who’ve got an idea to be able to buy a company and grow it just like they have. 

That's our future.  That's what I'm committed to doing.  And I appreciate all of you being such great models for what America is all about.  Thank you very much, everybody.  Thank you.  (Applause.) 

END
12:09 P.M. EDT

The White House

Office of the Press Secretary

Remarks by the President at a DNC Finance Event in Chicago, Illinois

Chicago Cultural Center
Chicago, Illinois

5:30 P.M. CDT

THE PRESIDENT:  Hello, hello, hello!  Thank you.  Thank you so much, everybody.  Hello, hello!  It is good to be back in Chicago!  (Applause.)  Somebody has got the “Obama 44” license plate.  (Applause.)  Thank you, everybody.  Thank you so much.  What a wonderful birthday gift to be back home with so many good friends.  (Applause.) 

There are a number of people I just want to make mention of.  You probably have already heard from them, but I want you to know how much I appreciate what they are doing each and every day -- outstanding leadership, leadership that’s going to move this country forward.  First of all, our wonderful governor and the next lieutenant governor of Illinois, Pat Quinn and Sheila Simon.  Give them both big rounds of applause.  (Applause.) 

Dear friend who fights each and every day on behalf of working families across her district, this state, and the country -- Jan Schakowsky is in the house.  (Applause.)  Senate President John Cullerton is here.  (Applause.)  One of the smartest guys in the state legislature and one of the funniest as well.  (Laughter.)  And did great work with me when I was in the state senate.

We’ve got the next Congressman from Illinois’ 10th congressional district -- Dan Seals in the house.  (Applause.)  There’s Dan.  I want to thank the preprogram speakers Sheena Patton from Organizing For America --  (applause) -- and Morgan McClelland, who is a first-time voter.  I like that.  (Applause.) 

And I’ve got a few things to say about Alexi.  (Applause.)  Before I do that, though, one other person who actually wasn’t on my sheet but I see her right in front so I have to say something.  This was -- this is I guess still my state representative, almost -- I’m right at the border.  But also was a great friend for a very long time and is a wonderful leader in the House of Representatives -- Barbara Flynn Currie.  So I just wanted to acknowledge Barb.  (Applause.) 

Now, I see so many good friends who’ve been with me since I was skinnier -- (laughter) -- less gray -- (laughter) -- and when nobody could pronounce my name.  (Laughter.)  And I know that if it weren’t for you, I might not be standing here tonight as President. 

I am reminded of the story Abraham Lincoln told about a guy who comes to the White House, insists on seeing the President.  He says, I worked tirelessly on the President’s behalf and he was seeking a patronage job and he insisted on an audience.  And finally, Lincoln says, okay. 

The guy comes in, he says, I am responsible -- if it weren’t for me, you would not be President.  And Lincoln says, I forgive you.  (Laughter.)  It’s a true story.

It is an extraordinary honor and privilege to be able to serve.  And I’m able to serve because of you.  I’m also proud to be here tonight with the next senator from the state of Illinois, and that's Alexi Giannoulias.  (Applause.)

I want to say to everybody here, Alexi is my friend.  I know his character.  I know how much he loves this country.  I know how committed he is to public service.  I know he is in this race for the right reasons.  I know he has been a great advocate on behalf of the people of Illinois.

He’s not in this to help lobbyists or special interests.  He’s not one of those politicians who’s going to put out his finger to the wind to see which way it’s blowing.  He is somebody who is committed to you.  You can trust him.  He is going to be an outstanding senator, and I need you to fight for him so he can fight for you in Washington -- because we’ve got a lot of work to do.  (Applause.)

Now, look, the last few years have been incredibly challenging.  Over -- almost 20 months ago, I stood in the Capitol and was sworn in as the President.  And that month -- some of you might have been there -- it was cold, remember?  (Laughter.)  It was cold, but a hopeful day. 

But even as everybody was feeling that sense of hope and optimism, we had lost almost 800,000 jobs in that month alone.  The economy was contracting at about 6 percent.  Ultimately we discovered that we lost 8 million jobs in this recession -- the worst by far since the Great Depression.  And had we not taken some steps immediately to address the crisis, we might have tipped into a second Great Depression.

Now, this would have caused enough hardship, but it was also compounded by the fact that we had had 10 years of sluggish growth, 10 years of inadequate job production, 10 years of incomes and wages that were flat-lining even as the costs for middle-class families were going up on everything from health care to tuition. 

So the middle class, working families across America, were already feeling under enormous pressure.  A lot of them were just barely hanging on, and then suddenly this storm sweeps in. 

In the last six months of 2008 alone, 3 million Americans lost their jobs.  And so these aren’t just statistics.  Behind each of these numbers is a story of heartache and frustration.  A factory worker who might have just been a few years short of retiring -- suddenly he’s lost his job, maybe he’s lost his pension.  A single mom who’s sent out job applications to everywhere she can think of -- she’s still waiting for the phone to ring day after day after day.  A college graduate who thought her degree would land her a good job with a decent paycheck -- suddenly all she’s got is a mountain of debt.

I hear these stories every day.  I read them in letters each night.  I hear them when I’m on the road traveling.  These struggles -- but also the hope of these Americans -- are why I ran for office in the first place.  That’s why we’re going to work as hard as we can as long as it takes to turn this economy around and move this country forward.  That’s why I’m here.  That is our goal.  (Applause.)

But we’re not going to be able to get to where we need to go unless we understand how in fact we got here.  We spent nearly 10 years on an economic agenda that was pretty straightforward:  You cut taxes for the wealthiest among us, folks who didn’t need tax cuts and weren’t even asking for them; you cut rules for special interests; and you cut working folks loose so they’ve got to fend for themselves. 

That was the philosophy of the last administration and that was the philosophy of their friends in Congress.  And basically what they said is, if you can’t find a job, tough luck -- you’re on your own.  If you don’t have health insurance, too bad, tough luck -- you’re on your own.  If you’re a young person who’s trying to get to college, tough luck -- you’re on your own.

Now, if you’re a Wall Street bank or an insurance company or an oil company like BP, then you can write your own rules.  And we know how this turned out.

So when we came into office, we said we are going to have a whole new approach.  We want an economic plan that rewards hard work instead of greed; that rewards responsibility instead of recklessness; a plan that’s more focused on securing the middle class and making our country more competitive for the global economy. 

And we know there are other countries fighting for the jobs of the future, countries like China and India.  And if we don’t have the best education system in the country, if we don’t have the most college graduates in the country [sic], if we don’t have -- if we don’t have the most productive research and development in the world, then we’re not going to make it. 

And I -- I tell you this:  The United States of America does not play for second place.  We are going to rebuild this economy better and stronger than it was before.  (Applause.)  And at the heart of our economic plan is three powerful words:  Made In America.  We want to start making things here in the United States and selling things to other countries and creating good jobs and opportunity right here.  (Applause.)

So instead of spending money for tax breaks that we can’t afford, we’re making smart investments in education and R&D and innovation and clean energy, so we’re building wind turbines and solar panels and biodiesel plants that will point us towards a clean energy future.

Instead of giving special interests free reign to do what they please, we’re demanding new accountability from Wall Street to Washington so that -- everybody -- big corporations have play by the same rules as small businesses and as workers do.  That’s only fair.

Now, if you’re unemployed or you can’t pay the bills, I know the only plan you want to hear about is getting a job right now.  And I wish I could stand here and tell you that there’s a way to bring back all the jobs that were lost overnight; that the economy right away is going to get back to full strength.

And between now and November, you’re going to hear a lot of promises from a lot of politicians.  And they're going to be saying to you, you know what, if we just do this, or we just do that, all your problems will be solved.  I can’t do that because not only did I run for President promising that I wouldn’t just tell you what you want to hear, but tell you what you need to know.  But now that I am President, and the sober realities of this job are ones that I’ve experienced over the last two years, I will tell you, I can’t stand here and just tell you what you want to hear.  We’re going to have to work our way out of this hole that's been dug.  It’s going to take time.

But here’s what I also know.  Even though it’s going to take years to repair all the damage caused by this recession, I am absolutely convinced that this nation is finally headed in the right direction.  Our economy is growing again.  (Applause.)  We are adding jobs again.  America is moving forward again, and the last thing we can afford to do is go back to the policies that got us into this mess in the first place!  (Applause.)

That’s the choice in this election.  You’ve got a pretty simple choice.  Either you can support those policies that got us into this mess, or you can support those policies that are getting us out of the mess.  (Applause.) 

Think about it.  Think about it.  This is not a situation in which the Republicans -- after everything that they did to take record surpluses into record deficits, after all the failed policies that resulted ultimately in the worst recession since the 1930s, it’s not as if they went back and they said, you know what, let’s reflect on what we did wrong.  (Laughter.)  You know, obviously, there were some problems there, let’s see if we’ve got a different set of theories about how we should approach the economy, and how we should look after the middle class.

I mean that would be one thing if they had kind of gone off in the wilderness, they meditated.  (Laughter.)  They came back, they said, we’ve learned from our mistakes.  We’ve got a whole new set of approaches -- a whole new set of policies.  But they're not saying that.

They have not come up with a single, solitary idea that is any different from the policies of George W. Bush, the policies that they had in place for eight years before we had a crisis.  (Applause.)  What they are betting on is amnesia.  (Laughter.)  They are betting that you don’t remember that they were in charge all this time.  (Applause.)  I think Pat may have mentioned to you, they’re trying to get you to forget that they drove the car into the ditch.  (Laughter.) 

And after we’ve pushed it out, now they’re saying, “Give us the keys back.”  (Laughter.)  But we don’t -- we haven’t forgotten, because we’ve got mud on our shoes, our back is sore from pushing that car out of the ditch.  (Applause.)  I mean, if they want to get in the back seat, that’s okay.  (Laughter.)  But we’re not going to put them behind the wheel.  (Laughter.) 

I pointed out at lunch today -- also just to carry this metaphor a little further -- (laughter) -- when you get in your car and you want to go forward, you put it in what?

AUDIENCE:  “D!”

THE PRESIDENT:  “D.”  (Laughter.)  When you want to go backwards, what do you do?  You put it in “R.”  (Applause.) 

So that’s the choice.  (Applause.)  That’s the choice we’re facing.  This is the choice we’re facing.  This is the choice we’re facing.  We want to take away tax breaks for companies that are shipping jobs overseas and give those tax breaks to companies that are investing here in the United States of America.  (Applause.)  They’ve got a different vision. 

We’ve already cut taxes for small businesses eight times.  Right now there’s a debate in the Senate as we speak.  We want to eliminate capital gains for small businesses and help them with getting more credit.  And the Republicans are saying, “Just say no.” 

We believe in jumpstarting a homegrown, clean energy industry -- because I don’t want us to be second to China or Germany or anybody else when it comes to the clean energy technologies of the future putting Americans back to work.  (Applause.)  We have -- we’ve already made investments that will lead to 800,000 clean energy jobs by 2012.  But you know what?  The other side, they’ll have none of it. 

We want to invest in the 21st century infrastructure of high-speed rail and broadband and a smart grid that can make our electric system more efficient.  They don’t want to see those investments made. 

We’ve got plans to keep jobs in America not just for the short term, but over the long run.  But on every single issue, just about, the other side has just said no.  No to small business tax cuts.  No to clean energy jobs.  No to railroad and highway projects.  That doesn’t mean they don’t show up at the ribbon-cuttings trying to take credit, even though they vote no.  (Laughter.)  They’ll show up, cheesing and grinning in front of the camera.  They’ll be waving.  (Laughter.)

But it’s not just on these issues.  It’s not just on jobs issues.  When we say that we want a country that’s more equal, and so we’re fighting for equal pay for equal work so that women are getting paid just the same as men -- (applause) -- we don’t get help.  When we said that it makes sense to reform our health insurance system so that people aren’t left without health insurance because of a preexisting condition, and insurance companies can’t drop you when you get sick, or impose an arbitrary lifetime limit, they said no. 

In fact, the leader in the Republicans in the House, when asked, “What’s your jobs plan,” he said, “Repeal health care.”  I mean, now other than giving jobs for folks who want to deny you coverage, I don’t know what kind of jobs plan that is.

On Wall Street reform -- here we have the worst financial crisis since the Great Depression.  We pass financial reform, have to eke it out with almost no help from the other side, except for a couple brave Republicans.  And you’re scratching your head saying, well, do they think that hidden fees in credit cards are good?  Do they think that mortgage companies being able to steer you to unaffordable mortgages are a smart thing to do?  Apparently so.  (Laughter.)  They must think that’s good stuff.

Look, on each of these items, they want to take us backwards.  They basically think that the status quo before all that we’ve been through over the last two and a half years is perfectly fine.  I think we can do better.  I think we can do better than that.  (Applause.) 

I think we can have an America in which our health care system works for all Americans and we’re driving down costs.  I think we can have a financial sector that is fair and productive and won’t require taxpayer bailouts.  I think we can have an America in which women are being treated just like men in the workplace.  I think we can have an America in which tobacco companies aren’t marketing their products to kids.  (Applause.) 

I think we can have an America -- an America in which people who work hard, who take pride in their job, who are responsible to their families, who are responsible for their communities, that they’ve got opportunity.  An America in which our young people have a chance to get a first-class education and can go to college and are able to go on and make a career for themselves.  (Applause.) 

An America in which we are outcompeting every other country in the world and we are doubling exports, and in which the dynamism and innovation of this country continues throughout the 21st century just like it existed in the 20th century.  All those things are possible.  But this November is going to be a choice, and all of you are going to have to think about what kind of legacy are we going to leave for our kids.

We are at a crossroads here.  We are not through.  We are not out of the woods, and we are going to need your help.  So to all of you who worked so hard to help me get elected, you’ve got to work just as hard to get Alexi elected.  (Applause.)  You’ve got to work just as hard to get our congressional candidates like Dan elected.  (Applause.)  You’ve got to work just as hard to get our Governor and Lieutenant Governor elected.  (Applause.) 

You’ve got to go out there and knock on doors.  You’ve got to go out there and make phone calls.  You’ve got to -- you’ve got to understand what’s at stake here -- because the other side does.  They are going to be well financed, and they are going to be working hard.  They see this as their best opportunity to go back to the same system that they had in place all those years.

Now, ultimately, though, you know when I ran for office, a lot of people were skeptical that I could win the Senate.  Obviously, people were skeptical we could win the presidency.  There were times where I was skeptical.  But the one thing I wasn’t skeptical about was you, the American people.

I’ve always had confidence in you, that ultimately despite all the special interest ads -- and by the way, right now we’ve got a Supreme Court decision that's allowing uninhibited special interest spending on ads, and we’ve got legislation in the Senate and the House to try to fix this.  But the other side, of course, is saying no.  And we’re going to keep on fighting to make sure that foreign corporations and big special interests can’t just fund unlimited ads without even disclosing who they are. 

But despite all that, I always have confidence that the American people can cut through the nonsense and ultimately do what’s best not just for the next election, but for the next generation.   (Applause.)

I have confidence in you.  And so if you will stand with me, and if you will stand with all these outstanding candidates in the weeks to come, I promise you, we will work as hard as we have ever worked for as long as it takes to create the kind of America that our children and our grandchildren deserve. 

God bless you, Chicago.  (Applause.)  God bless you, Illinois.  God bless the United States of America. 

Thank you, everybody.  Thank you.  (Applause.)

END
5:50 P.M. CDT

The White House

Office of the Press Secretary

Declaraciones del Presidente Sobre el Voto de Confirmación en el Senado

Renaissance Hotel
Chicago, Illinois
 
3:56 P.M. CDT
 
     El President:  Buenas tardes. Estoy muy complacido de que el Senado haya votado para confirmar a Elena Kagan como la 112° jueza de la Corte Suprema de nuestro país. Y quiero agradecerle al Comité Judicial del Senado, y en especial a su presidente, el senador Leahy, por darle una audiencia justa, cabal y oportuna.
 
    En los dos últimos meses, el comité ha examinado meticulosamente la trayectoria de Elena como académica, como decana de una facultad de derecho, como asesora presidencial y como fiscal general. Y tras 17 horas de testimonio en que contestó más de 540 preguntas, yo diría que conocieron bien a Elena Kagan. Lograron ver su formidable inteligencia, su profundo conocimiento de nuestra Constitución, su compromiso con el estado de Derecho y su excelente, y a veces irreverente, sentido del humor. Y han llegado a comprender por qué, a lo largo de su carrera, se ha ganado el respeto y admiración de gente de todo el espectro político, un logro reflejado en el voto bipartidista de hoy.
 
    Pero el voto de hoy no sólo fue una afirmación del intelecto de Elena y sus logros. Fue una afirmación de su carácter y temperamento, su mente abierta, su imparcialidad, su determinación para escuchar todos los ángulos de cada historia y llevar a consideración todos los argumentos posibles. Porque Elena comprende que la ley no es sólo una abstracción o un ejercicio intelectual. Sabe que las decisiones de la Corte Suprema forjan no sólo el carácter de nuestra democracia, sino las circunstancias de nuestra vida diaria o, como lo puso una vez, que “detrás de la ley hay historias... historias de gente cuya vida fue marcada por la ley, historias de gente cuya vida pudo ser cambiada por la ley”.
 
    Entonces tengo la plena confianza de que Elena Kagan será una jueza extraordinaria de la Corte Suprema. Y también, me enorgullece que estamos haciendo historia con su nombramiento. Por casi dos siglos, no hubo una sola mujer en el tribunal de mayor jerarquía en nuestro país. Cuando Elena asuma su puesto, por primera vez en nuestra historia, habrá tres mujeres.
 
     Como dijo Ruth Bader Ginsburg recientemente “éste es uno de los sucesos que más alegran”, una señal de progreso que disfruto como padre que desea posibilidades ilimitadas para sus dos hijas, y como estadounidense, me enorgullece que nuestra Corte Suprema, como nunca antes, sea más representativa, más inclusiva y un mejor reflejo de lo que somos.
 
     Muchas gracias a todos.

The White House

Office of the Press Secretary

Declaraciones del Presidente sobre el Sector Automotor

Planta de Ensamblaje de Ford Motor Company

10:25 AM CDT

El Presidente: ¡Hola, hola, hola! (Aplausos.) ¿Qué tal? Gracias a todos. Y oigan, es un gusto verlos a todos. Les agradezco a todos los que están allá atrás. ¡Hola, hola! (Aplausos.)

Es fabuloso estar aquí. Hay un par de invitados especiales que quiero mencionar antes de que comencemos. En primer lugar, está el gobernador del gran estado de Illinois, Pat Quinn. Aplausos para Pat. (Aplausos.) Tenemos a uno de los mejores alcaldes del país: el alcalde Richard Daley está presente. (Aplausos.) Nuestro tesorero, quien pronto será senador de Estados Unidos Alexi Giannoulias, está aquí. (Aplausos.) Muchos excelentes miembros del Congreso que han respaldado al sector automotor, el congresista Jesse Jackson, Jr. (aplausos)… el congresista Bobby Rush… (aplausos)… el congresista Danny Davis… (aplausos)… la congresista Jan Schakowsky… (aplausos)… el congresista Mike Quigley. (Aplausos.)

Contamos con la presencia de Fred Hochberg de…  que es el presidente del directorio y presidente del Banco de Exportación e Importación (Export-Import Bank), que va a ayudar a Ford a vender todos esos fabulosos autos en el extranjero, no sólo aquí en Estados Unidos. (Aplausos.) Y el presidente, Mark Fields, está presente. Un aplauso. (Aplausos.)

Pues, es un gusto volver a Chicago. (Aplausos.) Es un gusto ver rostros amigos, regresar al viejo vecindario.

MIEMBRO DEL PUBLICO: ¡Feliz cumpleaños!

EL PRESIDENTE: Gracias. Me han salido unas cuantas canas más desde la última vez que estuve aquí. (Risas.) Pero es maravilloso estar de regreso en casa.

Ahora bien, no me malinterpreten, la Casa Blanca es agradable. Y el camino de la casa a la oficina es bastante corto. No tengo que manejar muy lejos. Y no hay mayor honor que ser el Presidente de todos ustedes. Pero permítanme decirles algo: no hay como volver a casa, especialmente si se trata de Chicago. (Aplausos.)

Acabo de tener la oportunidad de hacer un recorrido de esta extraordinaria planta para ver el gran trabajo que están haciendo ustedes aquí. Veo que Mark y todos pusieron a todos los aficionados de los White Sox enfrente para que los conociera. (Aplausos.)  No vi a muchos fans de los Cubs en la fila. (Aplausos.) Ni tampoco fans de los Cardinals. (Aplausos.)

Pero esta planta tiene una historia admirable. Henry Ford la construyó… Henry Ford construyó esta planta en 1924 para fabricar el modelo T. Cuando sobrevino la Gran Depresión y 25 plantas de Ford cerraron, ésta permaneció abierta. (Aplausos.) En plena Segunda Guerra Mundial, esta planta produjo vehículos blindados que ayudaron a hacer posible la victoria. (Aplausos.) En los años noventa, los trabajadores de esta planta construyeron el auto más vendido en Estados Unidos durante cinco años consecutivos. (Aplausos.)

Entonces, esta planta es parte de la historia de Estados Unidos. (Aplausos.) Durante casi nueve décadas, esta planta ha sido la piedra angular de esta comunidad. Hay trabajadores aquí cuyos padres trabajaron en esta cadena de producción. Ahora al entrar, conocí a alguien... y el padre de su padre trabajó en esta cadena de producción. Esta planta –como todo el sector– ha sido una gran fuente de orgullo para varias generaciones de trabajadores estadunidenses cuya imaginación y arduo trabajo han producido algunos de los mejores autos que el mundo vio jamás, y el sudor de su frente ha ayudado al desarrollo de la clase media que permitió la superación de millones de personas en todo Estados Unidos. (Aplausos.)

Esta planta ha pasado por tiempos buenos, cuando el sector automotor de Estados Unidos era líder en el mundo y en tiempos no tan buenos, cuando el futuro del sector automotor estaba en duda.

Y seamos realistas, recientemente hemos visto algunos de esos años no tan buenos. El año que asumí el mando, este sector perdió cientos de miles de empleos. Las ventas disminuyeron 40 por ciento… 40 por ciento. Cuando llegó la crisis financiera y cuando llegó esta gran recesión, eso se sumó al hecho que este sector había pospuesto por mucho tiempo decisiones difíciles, había pospuesto adaptarse a tiempos cambiantes. Y tuvimos que enfrentar una realidad difícil e inimaginable, que era que dos de los tres principales fabricantes de autos – GM y Chrysler – estaban al borde de la liquidación. Si eso hubiera sucedido, se habrían eliminado más de 1 millón de empleos y eso hubiera sido un golpe devastador para toda la economía.

Ahora bien, Ford estaba en mejor situación financiera y pudo sobrellevar la tormenta sin ayuda federal. (Aplausos.) Eso es testamento del arduo trabajo que todos ustedes hacen y las decisiones que esta compañía tomó. Pero no es necesario que les diga, y su CEO… ha dicho esto públicamente: si su competencia hubiera quebrado, habría traído abajo a muchos proveedores de los cuales ustedes dependen. La marca de autos estadounidenses habría quedado afectada. Eso habría tenido consecuencias severas para Ford. Y ése es el desafío que enfrentábamos cuando asumí el mando: una industria que estaba al borde del abismo.

Había mucha gente lista a descartar el sector automotor de Estados Unidos, que pensaba que simplemente deberíamos abandonarlos a su suerte. Hay quienes todavía lo piensan hoy. ¿Pero saben qué? No es así que se construye un futuro mejor. No es así que construimos un Estados Unidos mejor. No nos damos por vencidos. Estados Unidos no se da por vencido. Siempre competimos. Es lo que hacemos. Y es lo que estamos haciendo con el sector automotor de Estados Unidos. (Aplausos.)

Por lo tanto, me rehusé a abandonar a este sector y empleos estadounidenses. Deposité mi fe en el trabajador estadounidense. Considero que el trabajador estadounidense es el mejor del mundo. (Aplausos.) Y si estamos dispuestos a trabajar juntos y reconstruir y sacrificarnos a corto plazo, será un nuevo inicio para la gran industria estadounidense. Si logramos tener un propósito común, podremos volver a ver que se diseñen y produzcan los mejores autos del mundo una vez más aquí en Chicago, aquí mismo en la región del medio oeste, aquí mismo en Estados Unidos de Norteamérica. (Aplausos.)

O sea que permítanme decirles. El viernes, estuve con trabajadores de una planta de GM. Estuve con trabajadores de una planta de Chrysler. Hoy estoy con trabajadores de una planta de Ford. (Aplausos.) Aposté en el trabajador estadounidense. Estoy dispuesto a apostar en el trabajador estadounidense en cualquier momento. (Aplausos.) Y gracias a sus esfuerzos y al sacrificio que han hecho en todo el sector en el último año, esta industria está volviéndose más sólida. Está generando empleos nuevos. Está produciendo autos y camiones de consumo eficiente de combustible que llevarán a Estados Unidos hacia un futuro de independencia energética. Cada uno de ustedes está probando que las personas negativas estaban equivocadas.

Todos los fabricantes de autos… los tres fabricantes de autos de Estados Unidos ahora operan rentablemente. Es la primera vez en seis años. (Aplausos.)

Los fabricantes de autos en Estados Unidos han generado 55,000 empleos desde junio. (Aplausos.) Es la mayor generación de empleo en más de 10 años en este sector. Las ventas han repuntado. Los fabricantes de autos están manteniendo abiertas las plantas durante el verano, cuando típicamente cierran, para mantenerse al nivel de la demanda. En toda la cadena de suministro, plantas que no existirían sin los sacrificios hechos en todo el sector operan a capacidad máxima o casi al máximo.

Y esta planta, aquí mismo, está aumentando sus operaciones. (Aplausos.) Lo que dije el año pasado fue que si los fabricantes de autos en Estados Unidos estaban dispuestos a tomar las decisiones difíciles y necesarias para ser más competitivos en el futuro, Estados Unidos los apoyaría. Y algo que hicimos fue poner en práctica un nuevo estándar nacional de eficiencia en el consumo de combustible para todos los autos y camiones vendidos en Estados Unidos. Eso fue bueno para los consumidores, fue bueno para el medio ambiente y finalmente les dio a nuestros fabricantes de autos la certeza que necesitaban para planear para el futuro... un futuro en el que los trabajadores estadounidenses construyen los autos para el siglo XXI que el mundo desea comprar.

Entonces, Ford se dedicó a aumentar la eficiencia en el consumo de combustible en más de una docena de sus modelos. Y el Departamento de Energía se comprometió con Ford a darle un préstamo de dos años para hacerlo posible. Y Ford usó el préstamo para reequipar esta fábrica y producir el Explorer de la próxima generación. (Aplausos.) Ése es un modelo que será hasta 30 por ciento más eficiente en el consumo de combustible.

Ahora bien, debo añadir, dicho sea de paso, que mi último auto fue un Ford. (Aplausos.) Tenía uno de esos Ford Escape, y era un auto estupendo. (Risas.) Pues debo admitir que lo compré unos dos meses antes de recibir protección del Servicio Secreto y no me permitieron seguir conduciendo. (Risas.) O sea que sólo tenía unas 2,000 millas después de cinco años, pero realmente disfruté esas 2,000 millas. (Risas.)

Pero acabo de entrar a ese Explorer y es un vehículo estupendo. (Aplausos.) Y en los próximos dos meses, esta planta iniciará un segundo turno de 1,200 trabajadores para construir ese Explorer, lo que prácticamente aumentará al doble el número de empleados. (Aplausos.) Eso no sólo es bueno para esta planta sino que es bueno para la planta de prensado en Chicago Heights; es bueno para los proveedores que están invirtiendo en nuevas instalaciones y agregando turnos y contratando a más de 600 trabajadores en Illinois e Indiana y Michigan; es bueno para toda la comunidad; es bueno para la ciudad; es bueno para el estado.

Y Ford también se ha comprometido a vender más a nivel mundial de los autos que ustedes construyen, lo que incluye el Explorer que producen ustedes aquí mismo... lo vamos a vender hasta en 90 países. (Aplausos.)

Entonces hoy... hoy, para respaldar estos esfuerzos, mi gobierno está anunciando una nueva garantía de préstamo de $250 millones del Export-Import Bank para Ford. (Aplausos.) Y lo que eso hace… lo que eso hace es, ayuda a Ford a exportar... esto ayudará a Ford a exportar más de 200,000 vehículos y camiones al extranjero, y eso significa más producción y más empleos de producción aquí mismo en Estados Unidos de Norteamérica. (Aplausos.)

Y nos va a ayudar a alcanzar el objetivo que fijé en mi discurso sobre el Estado de la Nación, que es que vamos a aumentar al doble las exportaciones de productos y servicios de Estados Unidos en los próximos cinco años. Estamos cansados de sólo comprar de otros; queremos comenzar a venderles a otros porque sabemos que podemos competir. (Aplausos.)

Es así que vamos hacer que nuestra economía crezca. Es así que vamos a apoyar millones de buenos empleos para que los trabajadores hagan lo que siempre han hecho: construir excelentes productos y venderlos en todo el mundo. Nuestros trabajadores pueden competir con cualquiera, Estados Unidos va a competir enérgicamente por cada empleo que hay y cada industria que hay y cada mercado que hay.

Entonces, Chicago, la cuestión es la siguiente: aún nos queda mucho camino por recorrer. Hemos pasado por un momento muy, muy difícil. El sector automotor ha pasado por un momento difícil. Y aún no está donde debe estar. La economía aún no está donde debe estar. Tomará más tiempo recuperarnos de todo el daño que se hizo. Pero estamos comenzando a ver que nuestros esfuerzos están produciendo resultados. Vamos por buen camino. Estamos avanzando. Esta industria no está simplemente recuperándose; está camino a volver a ser la número uno. (Aplausos.) Y estoy convencido... estoy convencido de que vamos a reconstruir no sólo el sector automotor sino la economía de manera que sean mejores y más sólidos que antes. Y una parte crucial en eso van a ser tres palabras clave: Made in America. Hecho en Estados Unidos. (Aplausos.)

Y a todas las personas negativas en Washington, como les decimos: la “gente que sólo sabe decir ‘no’ ”... (risas)... que dijeron que invertir en ustedes garantizaría el fracaso; que dijeron que simplemente debíamos abandonar a esta industria; que dijeron que respaldar a los fabricantes de autos en Estados Unidos era “la peor inversión que se podía hacer”; que trataron de bloquearnos en todo momento... cómo quisiera que estuvieran parados hoy aquí y vieran lo que veo yo. (Aplausos.) Quisiera que pudieran ver el orgullo con el que construyen estos excelentes vehículos, vehículos hechos en Estados Unidos. (Aplausos.)

Y mi mensaje para ellos es el siguiente: no apuesten en contra del trabajador estadounidense. No pierdan fe en el trabajador estadounidense. No pierdan fe en la industria estadounidense. Nos estamos recuperando. (Aplausos.)

Pocas semanas antes de que visité la planta de Chrysler –ésta en una historia verídica– fui a una planta de Chrysler. Pocas semanas antes, 14 empleados habían ganado la lotería. Y cuando ganaron, todos pensaron que simplemente iban a cobrar su dinero y relajarse y jubilarse. Todos hubieran comprendido si hacían eso. Éste es un trabajo difícil.

Pero el asunto es el siguiente: la mayoría de ellos no se está jubilando. Y el trabajador que compró el boleto que ganó, lo que hizo fue salió y le compró a su esposa uno de los nuevos autos que estaba fabricando la planta y luego salió y compró banderas estadounidenses para su ciudad, porque siente orgullo por su país. Y sigue presentándose a trabajar todos los días, porque siente orgullo por su trabajo.

Y ése es el carácter de Estados Unidos: orgullo por tu trabajo, orgullo por tu comunidad, orgullo por tu país, orgullo por la empresa para la que trabajas. (Aplausos.) Así es Ford. Así son ustedes. Así es Chicago. Así es Illinois. Así es Estados Unidos de Norteamérica. ¡Nos estamos recuperando! (Aplausos.)

Muchas gracias a todos. Que Dios los bendiga y que Dios bendiga a Estados Unidos. (Aplausos.)

            FIN           10:42 A.M. CDT
 

The White House

Office of the Press Secretary

Remarks by the President on the Senate Confirmation Vote

Renaissance Hotel

Chicago, Illinois

3:56 P.M. CDT

THE PRESIDENT:  Good afternoon.  I am very pleased that the Senate has just voted to confirm Elena Kagan as our nation’s 112th Supreme Court Justice.  And I want to thank the Senate Judiciary Committee, particularly its Chairman, Senator Leahy, for giving her a full, fair and timely hearing. 

Over the past two months, the committee has scrutinized Elena’s record as a scholar, as a law school dean, as a presidential advisor, and as Solicitor General.  And after 17 hours of testimony during which she answered more than 540 questions, I’d say they got a pretty good look at Elena Kagan.  They’ve gotten a good sense of her formidable intelligence, her rich understanding of our Constitution, her commitment to the rule of law, and her excellent -- and occasionally irreverent -- sense of humor.  And they have come to understand why, throughout her career, she has earned the respect and admiration of folks from across the political spectrum -- an achievement reflected in today’s bipartisan vote. 

But today’s vote wasn’t just an affirmation of Elena’s intellect and accomplishments.  It was also an affirmation of her character and her temperament; her open-mindedness and even-handedness; her determination to hear all sides of every story and consider all possible arguments.  Because Elena understands that the law isn’t just an abstraction or an intellectual exercise.  She knows that the Supreme Court’s decisions shape not just the character of our democracy, but the circumstances of our daily lives -- or, as she once put it, that “behind the law there are stories -- stories of people’s lives as shaped by the law, stories of people’s lives as might be changed by law.” 

So I am confident that Elena Kagan will make an outstanding Supreme Court Justice.  And I am proud, also, of the history we’re making with her appointment.  For nearly two centuries, there wasn’t a single woman on our nation’s highest court. When Elena takes her seat on that bench, for the first time in our history, there will be three women. 

It is, as Ruth Bader Ginsburg recently stated, “one of the most exhilarating developments” -- a sign of progress that I relish not just as a father who wants limitless possibilities for my two daughters, but as an American proud that our Supreme Court will be more inclusive, more representative, and more reflective of us as a people than ever before.

Thanks very much, everybody.

END
3:59 P.M. CDT

The White House

Office of the Press Secretary

Remarks by the President on Behalf of Alexi Giannoulias

Palmer House Hilton

Chicago, Illinois

12:51 P.M. CDT

THE PRESIDENT:  Hello, everybody!  Hello, Chicago!  (Applause.)  Thank you very much.  Thank you.  Thank you.  Everybody have a seat.  Have a seat, everybody.

It is good to be back home. (Applause.)  It is good to be back home, and I am so proud to be standing here with the next Senator from the great state of Illinois, Alexi Giannoulias.  (Applause.)

Now, we’ve got some other important personages here, so I want to make sure to make mention, because they have been great friends for many years to me and to so many of you.

First of all, our outstanding Governor Pat Quinn is here.  Where’s Pat?  There he is. (Applause.)  One of America’s greatest mayors, Richard M. Daley is in the house.  (Applause.)  Secretary of State Jesse White is here.  (Applause.)  A great friend of mine, Comptroller Dan Hynes.  (Applause.)  Senate President John Cullerton is here. Where’s John?  (Applause.)  Over there.  He’s also a funny guy.  Speaker Mike Madigan is here.  Where’s the Speaker?  (Applause.)  Congressman Danny Davis, from the West Side.  (Applause.)  Congresswoman Jan Schakowsky from the North Side.  (Applause.)  And Congresswoman Debbie Halvorson from the South Side.  (Applause.)

It is wonderful to be here, and it wonderful to be with Alexi.  Alexi is my friend.  I know his character.  I know how much he loves this country.  I know how committed he is to public service for all the right reasons.

I appreciate his strong sense of advocacy for ordinary Americans.  He’s not doing this to help the lobbyists; he’s not doing it to help special interests.  Alexi is not one of these politicians who puts his finger to the wind and who changes who he is or where he stands to suit the political moment.  You can trust him.  You can count on him.

On his very first day in office, Alexi enacted the most sweeping ethics reforms of any Illinois state treasurer and ensured that contractors and banks couldn’t pay-to-play for state business.

And he’s not funding this campaign with federal PAC or lobbyist money.  Not a dime.  Because he wants to make a strong statement about who he will be fighting for in the United States Senate.  And as state treasurer, Alexi has proven himself as someone who isn’t afraid to stand up to special interests.  He took on credit card companies and banned them from aggressively marketing on college campuses, so that our kids don’t graduate with credit card debt on top of tuition debt.  He’s reformed our state’s college savings program so that it’s now ranked one of the best in the country.  And I’m sure a lot of you have heard of what he did for Hartmarx. 

This is a clothing company that’s employed people in this state for more than a century.  And by the way, I’m a customer.  (Laughter and applause.)  And when they fell on hard times and a big bank threatened to pull their credit and destroy more than 600 jobs, Alexi stepped in.  And he told the bank that if they did that, they would no longer be managing the money of Illinois taxpayers.  And because of what he did, Alexi helped save that company and save those jobs.  That’s the kind of person you want in the United States Senate -- (applause) -- somebody who’s not going to forget where they came from, why they’re in this, and who they’re fighting for.

So we need fighters like Alexi in Washington because I don’t know if you’ve noticed, but we’ve got a lot of work to do.  (Laughter.)  The last few years have been incredibly challenging for the United States.  Eighteen months ago, when I took office after nearly a decade of economic policies that gave us sluggish job growth, falling incomes, a record deficit -- all culminating in the worst recession of our lifetimes, the worst recession since the Great Depression -- that month that I was sworn in, in January of 2009, we lost 750,000 jobs, in that month alone.  In total we lost 8 million jobs during that recession.

Now, we didn’t get to that point by accident.  We got to that point after nearly 10 years of an economic agenda in Washington that was pretty straightforward.  It basically said we’re going to cut taxes for the wealthiest Americans -- folks who don’t need it and weren’t even asking for it -- we’re going to cut rules for special interests, and then we’re going to cut working folks loose to fend for themselves. 

So if you were a kid in Chicago whose family had never gone to college and you aspire to go to college but you didn’t have the money, tough luck.  You’re on your own. If you were a worker who was just barely hanging on, didn’t have health insurance even if you were working two jobs, those are the breaks, tough luck. You’re on your own. 

That was the philosophy of the last administration and their friends in Congress.  They called it the “ownership society,” but it really meant you were on your own.  And if you were a Wall Street banker or an insurance company or an oil company like BP, you got to write your own rules.  And we know how this turned out. 

So when I took office, we decided not only were we going to have to heal the economy short term, we had to revamp how we thought about the American economy and put families and middle-class workers at the center of it.  We put in place a new economic plan, a plan that rewards hard work instead of greed; a plan that rewards responsibility instead of recklessness; a plan that’s focused on making our middle class more secure and our country more competitive in the long run, so that the jobs and industries of the future aren’t just found in China or India or Brazil, but right here in the United States of America. 

Instead of spending money that we don’t have on tax breaks for those who don’t need them, we’re making smart investments in education and innovation and clean energy that will benefit all people and our entire economy.  Instead of giving special interests free reign to do what they please, we’re demanding new accountability from Wall Street to Washington, so that big corporations play by the same rules that workers and small businesses do.  It’s only fair.

Now, because the policies of the last decade landed us in such a deep hole, it takes time to dig ourselves out.  And we’re not there yet.  We’ve got a lot more work to do.  There are a lot of people hurting all across this region and all across the country.  But after 18 months, I can say unequivocally with confidence that our nation is finally headed in the right direction. (Applause.)  It is headed in the right direction.  Instead of shrinking, our economy is growing again.  Instead of losing jobs, we’re adding jobs.  America is moving forward.  And the last thing we can afford right now is to go back to the very same special interest-laden policies that created this mess in the first place. 

And that’s the choice in this election.  That’s the decision you’ll have to make when you walk into the voting booth in November.  And everybody here in Illinois and all across the country are going to have to make a choice:  Do we go back to the policies of the past, or do we keep this country moving forward?

I believe we have to keep on moving forward.  Alexi believes we’ve got to keep on moving forward. And I think the American people want to keep moving forward.  (Applause.)

Now, if you doubt that that’s the choice, if you’re thinking, well, that’s just some political rhetoric, I want you to think about what’s transpired within the Republican Party.  It would be one thing if after 2006 and 2008 and all the problems that have been taking place, that they went off into the wilderness and they meditated, and they thought, boy, we really screwed up, and we’ve got to think of some new ways of approaching things, if they were full of reflection and soul-searching, and then they finally came back and said, we’ve got some new ideas.  We’re going to do things differently.  We may not agree with the President, but we have a vision for the future that might work.  Then you could say, okay, maybe we should give them a shot.

But that’s not what’s happened.  They haven’t learned from all the mistakes that they made.  They promise to do the exact same things that got us into this mess.  They haven’t come out with a single solitary idea that is different from the policies that held sway for eight years before Democrats took over.  Not a single policy difference that’s discernable from George W. Bush.  Not one.

So what they’re really betting on is amnesia.  (Laughter.)  They’re betting that you just forgot about the eight years that they were in charge of Washington. They’re betting that you didn’t notice that the recession started under their watch, and the deficits started under their watch, and that instead of trying to work with us, they have been trying to oppose us every step of the way in solving these problems.

I mean, remember, these are the folks who spent almost a decade driving the economy into a ditch.  And now they’re asking for the keys back.  So car went into the ditch, we had to put on our boots, we got in the mud, we’re pushing, we’re shoving -- we’re tired, sweaty.  They’re standing, watching.  (Laughter.)   “You’re not doing that fast enough.”  (Laughter.)  “Why don’t you push a little harder?”  (Applause.)  “Why don’t you -- I think if you put your shoulder here, you’ll get a better grip.” (Laughter.) 

So after all our huffing and puffing, we finally get the car out of the ditch, finally back on blacktop, on level ground.  And what do they say?  “Give us the keys back.”  (Laughter.)  Well, you can’t have the keys back -- you don’t know how to drive.  (Laughter.)  You got us into the ditch in the first place.  (Applause.)  We can’t give you these keys.

I also want to make a simple point -- not to belabor this analogy -- (laughter) -- but when you want to go forward, what do you put the car in?  “D.”  (Laughter and applause.)  When you want to go backwards, what do you do?  You put it in “R.”  We want to go forward.  We don’t want to go backwards.  They can’t have the keys because they want to take us back in the ditch.  (Applause.)  Don’t want to do it. You thought that was just an accident?  (Laughter.)  It’s not.  There was a sign there.  (Laughter.) 

Look, the choice in this election is between policies that encourage job creation in America, and policies that encourage job creation somewhere else.  We’ve said repeatedly, instead of giving tax breaks to companies that ship jobs overseas, we want to give tax cuts to small business owners who are creating jobs right here in the United States of America.  These other folks talk about tax cuts -- we’ve already cut taxes eight times for small businesses since I’ve been President.  And we want to do more, because America’s small business owners are the backbone of America’s economy.

We’re also jumpstarting a homegrown clean energy industry -- (applause) -- because I don’t want to see new solar panels and wind turbines and electric cars built in China.  I want to see them built right here in Chicago, right here in the Midwest, right here in the United States.  (Applause.)  The investments we’ve made so far will lead to more than 800,000 clean energy jobs by 2012 -- 800,000.  And because our nation has always been built to compete -- from the transcontinental railroad to the Interstate Highway System -- we’re investing in a 21st century infrastructure, not just new roads and bridges, but faster internet access and high-speed railroads, projects that will lead to hundreds of thousands of new, private sector jobs but will also create the platform for us to compete in the future. 

That’s our plan to keep jobs in America not just short term, but over the long term.  And yet, most of the folks in the other party, they voted no on just about every one of these policies.  No on tax cuts for small businesses.  No on clean energy jobs.  No on railroad and highway projects.  Although, John, it doesn’t stop them from showing up at ribbon-cuttings, sending out press releases. They vote no for them, but they show up, try to get credit.  They’re pretty good at finding the cameras, they’re waving and grinning. (Laughter.)

The point is their votes -- their obstruction -- that takes us backwards.  We want businesses to create jobs in America.  We want clean energy here in the United States.  We want young people to be able to go to college in record numbers.  We want it -- the principle that everybody in America should be able to get affordable health care, we want that enshrined in this country.  And that’s the choice in this election.  It’s between policies that strengthen the hand of special interests and policies that strengthen America’s middle class.

A few weeks ago, the Republican leader of the House was asked what his jobs plan for the party. Let’s say they took control of Congress next year.  He said his number one priority is repealing the law we passed to prevent health insurance companies from denying you coverage or dropping your coverage just because you got sick.  Repealing the health care law, that’s his jobs plan.  Now, I’m not sure exactly how that creates jobs.  It might create jobs for insurance executives or the folks who deny you claims.  But it’s not creating jobs for the American people. 

But if they think that’s a -- look, if you think that’s a good idea -- if you think that’s a good jobs plan -- you should vote for the other party.  We’ve got a different view.  The health insurance reform we passed isn’t just preventing insurers from denying you coverage, it’s cutting taxes for small business owners who cover their employees; it’s allowing young adults to stay on their parents’ coverage until they’re 26; it’s lowering the price of prescription drugs for our seniors; it will ultimately lower the cost of health care for every American.  We just got a report today from the trust fund that manages Medicare saying we’ve extended the life of Medicare by 12 years because of the health insurance reform.  It is going to be more secure for our seniors and it’s going to be there for future generations because of the changes we made. (Applause.)  They want to repeal that reform, take us back to the days when insurance companies could deny you care?  We’re not going to let that happen.  We’re moving forward.  

The other party wants to repeal Wall Street reform.  Most of them voted against it, including Alexi’s opponent.  Now they want to repeal it.  Now, think about it:  worst financial crisis since the Great Depression, almost put the entire economy over a cliff -- 8 million people unemployed as a consequence of it.  And their answer is, go back to the status quo that got us into this.  This is reform that’s finally going to stop credit card companies from charging you hidden fees and unfair rate hikes; that stops the abusive practices of mortgage lenders; that ends taxpayer bailouts of Wall Street banks; says we’re going to be able to resolve problems in any single bank, quarantine them, isolate them without dragging the whole system with it.  This is reform that protects consumers, responsible business owners, and our entire economy.  We need this reform.  We can’t go back to the same rules, the same regulations that allowed this crisis to happen.  And yet Alexi’s opponent wants to get rid of that? That’s the choice in this election. 

On almost every issue that matters to middle-class families, that’s the choice.  The other party voted to keep taxpayer subsidies for big banks that offer loans to college.  I don’t know if everybody understands -- the federal government guaranteed these loans for young people so they can go to college.  Banks were taking out tens of billions of dollars in profits, despite the fact that the loans were guaranteed.  We said, let’s cut out the middleman -- we’ll have an extra $40 billion that we can give to millions more college students so they can afford to go to college.  Got no support on the other side.

For years, they did nothing about the fact that too many women aren’t paid as much as men for doing the same work.  I signed a law that helps end discrimination so that in the United States of America, an equal day of work means an equal day of pay. (Applause.)  They didn’t support it. 

They want to extend the Bush tax cuts for millionaires and billionaires that have exploded our deficit. They talk a good game about deficit reduction, and then every time you ask them, “What’s your plan,” they don’t have one.  I kept my campaign promise and gave a tax cut to the middle class -- 95 percent of working Americans. 

They voted against it.  They voted against holding oil companies like BP accountable for every dime of the spills they cause.  We forced BP to set aside $20 billion for the men and women of the Gulf Coast whose livelihoods depend on clean water and clean beaches.  (Applause.) 

And then what happens?  After we do that, the guy who if they took over in the House of Representatives would be the chairman of the Energy Committee apologizes to BP.  Says I’m so sorry that the President is making you pay these fishermen and these hotel owners and others whose livelihoods by been wrecked by your carelessness. Apologized to them.  Called what we did a “shakedown.”  I think he might have added “Chicago shakedown” in there. (Laughter.) 

That’s the choice in this election:  a choice between folks who apologize to BP and folks who are looking out for small business owners and fishermen.  Policies that are helping our economy grow again and policies that are going to make America more competitive and our middle class more secure, or more of the same?

I know this nation has been through an incredibly difficult time.  Not all the steps we took to dig us out of this recession have been popular.  The pundits in Washington -- I have befuddled them over the last 20 months.  They keep on saying, well, why is he doing that?  That doesn’t poll well.

And I keep on explaining to them, I have my own pollsters.  I know how it polls.  I know these things -- some things we did were not popular, but they were right.  I wasn’t elected just to do what was popular.  I was elected to do what was right.  (Applause.) 

My job is not to focus on the next election; it’s to focus on the next generation.  That’s why I ran for office.  (Applause.)  That’s what I try to do every day.  That’s why Alexi is running for the United States Senate.  That’s what he will do every day when he’s in the United States Senate.  We need your help.  And if you’re willing to invest in our future, we are going to keep on moving forward for years and decades to come. 

Thank you, Chicago.  God bless you.  God bless the United States of America.  (Applause.)

END
1:15 P.M. CDT