The White House

Office of the Press Secretary

Remarks by the President in Selection of Jack Lew to be Director of OMB

Diplomatic Reception Room

12:18 P.M. EDT

THE PRESIDENT:  Good afternoon.  Before I begin, I just want to note a breakthrough that we’ve had on our efforts to pass the most comprehensive reform of Wall Street since the Great Depression.  Three Republican senators have put politics and partisanship aside to support this reform, and I'm grateful for their decision, as well as all the Democrats who’ve worked so hard to make this reform a reality -- particularly Chairman Dodd and Chairman Barney Frank. 

What members of both parties realize is that we can’t allow a financial crisis like this one that we just went through to happen again.  This reform will prevent that from happening.  It will prevent a financial crisis like this from happening again by protecting consumers against the unfair practices of credit card companies and mortgage lenders.  It will ensure that taxpayers are never again on the hook for Wall Street’s mistakes.  And it will end an era of irresponsibility that led to the loss of eight million jobs and trillions of dollars of wealth.  This reform is good for families; it’s good for businesses; it’s good for the entire economy.  And I urge the Senate to act quickly so that I can sign it into law next week. 

Now, as we finish our work on Wall Street reform, we’re also mindful that we've got significant work to do when it comes to reforming our government and reducing our deficit.  As part of that work, today I am proud to announce the nomination of Jack Lew to be our nation’s next Director of Office of Management and Budget -- or OMB.

Before telling you a little bit about Jack, I just want to say a few words about the man that he will be replacing at the helm of OMB, and that’s Mr. Peter Orszag.  A few weeks ago, Peter told me that after more than a year and a half of tireless, around-the-clock service in what is one of the toughest jobs around, Peter was ready to move on to a job that offers a little more sanity and fewer line items.

Putting a budget together for the entire federal government is an enormously difficult task, no matter what the state of the economy, but Peter’s job was even tougher.  When we walked through the doors of the White House, we not only faced the worst economic crisis since the Great Depression, we also faced a $1.3 trillion deficit -- a deficit that was caused both by the recession and nearly a decade of not paying for key policies and programs.

In light of these challenges, Peter’s accomplishments as Director of OMB are even more impressive.  He was instrumental in designing and helping us pass an economic plan that prevented a second depression -- a plan that is slowly but surely moving us in the right direction again.  Thanks to his innovative ideas and gritty determination, we passed a health insurance reform plan that is not only paid for, but will significantly lower the cost of health care as well as our deficit over the next several decades.  In fact, a recent report by independent experts say this reform will cut the deficit even more than the Congressional Budget Office first estimated. 

Peter has also helped us single out more than a hundred programs for elimination that have outlived their purposes, and made hard decisions that will save tens of billions of dollars.  And he helped draft a budget for next year that freezes all discretionary government spending outside of national security for three years -- something that was never enacted in the prior administration.  It’s a budget that would reduce the deficit by more than $1 trillion over the next decade, which is more than any other budget in a decade.  And I expect that freeze to become a reality next year. 

Peter also shares my view that the long-running debate between big government and small government misses the point; it isn’t relevant to today’s challenges.  The real debate is about how we make government smarter, more effective, and more efficient in the 21st century.  It’s easy for any institution to get in the habit of doing things the way they’ve always been done.  We in government can’t afford that habit -- not only because it wastes taxpayer dollars, but because it erodes people’s belief that their government can actually work for them. 

Over the last year and a half we’ve been able to employ new technology to make government more responsive and customer-friendly -- the same way that so many businesses have used technology to make better products and provide better services. 

As a result of these efforts, today we’re creating a single electronic medical record for our men and women in uniform that will follow them from the day they enlist until the day they are laid to rest.  We’re cutting down the time that it takes to get a patent approved by cutting out unnecessary paperwork and modernizing the process.  We’re working to give people the chance to go online and book an appointment at the Social Security office or check the status of their citizenship application.  We’re cutting waste by getting rid of federal office space that hasn’t been used in years.  We’re closing the IT gap in the federal government, and have created mobile apps that provide nutrition information for your favorite foods or wait times at the airport.  And the examples go on and on.

Now, inertia is a powerful thing.  Constituencies grow around every agency and department with a vested interest in doing things the same way.  And that’s why we have to keep on challenging every aspect of government to rethink its core mission -- to make sure we’re pursuing that mission as effectively and efficiently as possible, and to ask if that mission is better achieved by partnering with the civic, faith, and private sector communities.

This is a mission that requires some special leadership.  And Jack Lew is somebody who has proven himself already equal to this extraordinary task. 

You know, if there was a fall -- if there was a Hall of Fame for budget directors, then Jack Lew surely would have earned a place for his service in that role under President Clinton, when he helped balance the federal budget after years of deficits.  When Jack left that post at the end of the Clinton administration, he handed the next administration a record $236 billion budget surplus.  The day I took office, eight years later, America faced a record $1.3 trillion deficit. 

Jack’s challenge over the next few years is to use his extraordinary skill and experience to cut down that deficit and put our nation back on a fiscally responsible path.  And I have the utmost faith in his ability to achieve this goal as a central member of our economic team. 

Jack is the only budget director in history to preside over a budget surplus for three consecutive years.  When Jack was deputy director at OMB, he was part of the team that reached a bipartisan agreement to balance the budget for the first time in decades.  He was a principal domestic policy advisor to Tip O’Neill, and worked with him on the bipartisan agreement to reform Social Security in the 1980s. 

He was executive vice president at New York University, where he oversaw budget and finances.  And for the past year and a half, he’s been successful in overseeing the State Department’s extremely complex and challenging budget as Deputy Secretary of State for Management and Resources.  I was actually worried that Hillary would not let him go.  I had to trade a number of number-one draft picks -- (laughter) -- to get Jack back at OMB. 

But I am grateful that Hillary agreed to have Jack leave, and I'm even more thrilled that Jack agreed to take on this challenge at this moment.  Jack is going to be an outstanding OMB director.  We know it because he’s been one before.  At a time when so many families are tightening their belts, he’s going to make sure that the government continues to tighten its own.  He’s going to do this while making government more efficient, more responsive to the people it serves.

And, Jack, I am looking forward to working with you on your critical mission.  Thank you so much.  And thanks to Jack’s family, who has been putting up with him in multiple, very difficult jobs over and over again.  We appreciate his service to our country and we appreciate yours as well. 

Thank you, everybody.

END
12:26 P.M. EDT

The White House

Office of the First Lady

Remarks by the First Lady at Panama City Beach

The Boardwalk Hotel
Panama City Beach, Florida

5:22 P.M. EDT
 
MRS. OBAMA:  Well, thank you, guys.  Good afternoon.  I have sand in my shoes.  (Applause.)  Which means that I have to come back, right?  (Applause.)
 
I want to thank all of you for the warm and wonderful welcome here to Panama City Beach.  It is truly beautiful out here.  I mean, these beaches are gorgeous.
 
I want to start by thanking your mayor, Gayle, who has just been a terrific supporter of this community, and she has been a wonderful host to me.  Thank you, Gayle, for everything that you’re doing for the people of this city.  Let’s give her a big round of applause.  (Applause.)
 
And I want to thank a few other people that I got a chance to meet today.  Commissioner Dozier, who’s here, let’s give him a round of applause.  And we have the Panama City mayor, Scott Clemons, here as well.  (Applause.) 
 
So there’s one thing that I’ve learned after spending a very short time here, but I’ve learned it in that quick time, is that this is really a friendly place with a lot of warm and open people.  It’s welcoming, it’s pristine, and everybody should come here.  (Applause.)
 
But it wasn’t always this way, as I have been told.  Back in 1935, in the heart of the Great Depression, most people came to Panama City to focus on growing crops.  Did you all know that?  I’ll give you a little history lesson.  (Laughter.)  Planting fruit trees and making a living in the soil instead of the sand. 
 
And then there was this one man, a developer named Gideon Thomas, who had a different plan in mind.  He saw things a little bit differently.  He built the Panama City Hotel to attract tourists to the Florida coast.  And many people thought he was crazy for staking the claim on the beaches rather than in the fields, but Gideon didn’t listen, thank God.  He said, “I’m not attempting to grow vegetables here.”  He said, “I’m going to grow people.”  And that’s exactly what he did.
 
Things took a while to get going, but pretty soon folks from all over the country were doing what many of you do.  They’re bringing their families down here.  They staked a claim, and they found out that this is one of the most beautiful stretches of land not just in the country but in the world.  As one newspaper wrote, “Panama City has a destiny as sure as the sun will shine tomorrow.” 
 
But I know that today, for a lot of folks here in Florida and along the Gulf Coast, that destiny doesn’t seem as certain anymore.  The oil spill in the Gulf is the worst environmental disaster in our nation’s history.  And over the last few months, oil spewing from the well a mile beneath the surface of the ocean has polluted our beaches, it’s endangered our wildlife, and it’s threatened the livelihoods of fishermen and small business owners from Biloxi all the way to Pensacola.
 
I also know that this community is home to many military families, as Gayle mentioned, including the men and women in the Coast Guard and the National Guard who mobilized in response to this crisis. 
 
And I just want to say to you and your families, for the military servicemen and women who are here, again, you have always made extraordinary sacrifices, and I want to thank you all, all across the Armed Forces, for everything that you do to serve and protect us.  We continue to be proud of you all.  (Applause.)
 
But their families make up this community as well.  So there’s no question that this is a difficult time for anyone who lives or works on the coast.  And that’s why my husband and his administration are doing everything they can to get that cap on that well, to clean up the mess, and to make sure that BP is held accountable for the damages that they’ve caused and the disruption that they’ve caused in so many lives.  (Applause.)
 
But it’s also important to remember that there are many places along the Gulf Coast, like right here in Panama City Beach, that as you can still -- these places are still clean, they are safe, and they are open for business.  (Applause.)
 
That’s one of the reasons why I’m here.  It’s important for the rest of the country to know that these places are just as vibrant and just as beautiful as they’ve always been.  And folks here in Florida and across the Gulf Coast are still depending on visitors and tourist dollars to put food on their tables and to pay their mortgages and to send their kids to college -- because everybody’s going to college, right?  (Applause.)  All right.
 
Today I got the chance to meet some of the business owners and restaurant owners here in Panama City Beach -- a wonderful group of determined and dedicated men and women who care deeply about this community.  And many of them have been a part of this community for generations.  The stories you hear -- I’ve met grandchildren and sons and daughters who have been building their lives here for a very long time, and they hope that their children and grandchildren can stick around for generations to come and carry on these traditions.
 
But it’s not just the folks who own the businesses who make up this community but it’s also folks who come here on vacation -- the families that have rented that same condo or visited the same stretch of beach for as long as they can remember.  Who falls into that category?  How many kids just come here and play on the beach every summer?  Yeah, yeah, don’t point to him, you look like you could still play.  (Laughter.) 
 
The parents who packed up the van with the kids and the dog and headed south for a little slice of paradise, which this is -- these people, the residents and the visitors, are the lifeblood of the Gulf Coast.  And that’s why it’s so important to spread the word that despite what everyone is seeing on TV and reading in the newspaper, that most of the coast is still open for business.  It is truly important for people to understand that.  Most of these beaches are perfectly clean. 
 
And there’s so many wonderful places all across the coast -- Florida, Alabama, Mississippi, Louisiana, Texas -- that are ready to welcome visitors like they have every summer.
 
And I know that there have been lots of questions lately about how we can best help people here on the Gulf Coast who’ve been affected by the oil spill.  And to be honest, truly, one of the best ways that fellow Americans can help is to come on down here and spend some money.  (Applause.)
 
And that’s one of the reasons why I wanted to come this summer.  I mean, my husband has been down here several times.  We’ve got administrative officials.  But I wanted to shed a light on the terrific people and the great places to come and relax and have fun, because that’s the time of year that we’re in.  People are looking for that place to go, their kids are driving them crazy.  (Laughter.)  They want them out of the house.  And this is a great option.
 
Right now my husband and so many members of his administration are working tirelessly to help make the Gulf Coast whole again.  And part of that means ensuring that the leak is plugged, and they’re making progress on that front.  Part of it is ensuring that residents are compensated for their losses, and that’s happening.  And part of it is ensuring that the beaches are clean and the ecosystem is restored so kids can come back and bring their kids and their kids and remember the beauty that this coast has to offer.
 
So that will always be the first priority of this administration -- making sure that those components continue to happen.
 
But it’s also our responsibility to help the people of the Gulf return to the lives that they love.  And it’s our job to make sure that visitors who have enjoyed this beautiful coastline for generations can keep the tradition alive.
 
And it’s up to us to let Americans everywhere know about the extraordinary hospitality and about all the wonderful places to bring your families and enjoy yourselves right here on the Gulf where the future will always be bright.
 
And just driving around, I saw golf courses, I saw that upside-down house.  (Laughter.)  It’s a whole building that’s upside-down.  I don’t know what’s going on there, but if I’m a kid, I want to go in that house.  Water parks, beautiful beaches, there’s so much to do here, and I can guarantee you that people will be ready to welcome all of America with open arms.
 
So on behalf of my family and the administration, know that we are working on your behalf.  We care deeply about getting things right here.  And I look forward to coming back down to the coast and getting some more sand in my shoes. 
 
But for now, I’m going to come down and shake some hands.  (Applause.)  Thank you all so much.  
 
END
5:32 P.M. EDT

The White House

Office of the Press Secretary

Declaraciones del President Obama y el President Fernández de la República Dominicana en Rueda de Prensa

Oficina Oval
 
2:50 P.M. EDT
 
Presidente Obama:  Buenas tardes a todos. Buenas tardes. El Presidente Fernández y yo acabamos de tener una excelente conversación. Nos conocimos en la Cumbre de Las Américas el año pasado y creo que entablamos una buena amistad y relación de trabajo. Y hemos continuado esa relación y la continuaron nuestros respectivos gobiernos en una variedad de temas.
 
Nuestra conversación tocó una amplia gama de temas. Uno de los primeros mensajes que quería transmitir es mi aprecio por el papel que desempeñó la República Dominicana en ayudar a la comunidad internacional a responder a la crisis en Haití tras el devastador terremoto allá. Y considero que el papel de la República Dominicana, y el papel que desempeñó el Presidente Fernández en particular, para ayudar a facilitar una respuesta rápida fue extraordinariamente importante. Salvó vidas y continúa haciéndolo ahora que vemos cómo podemos reconstruir Haití de manera que no sólo la gente de Haití se beneficie, sino también la región entera.
 
Eso fue tan sólo un ejemplo del liderazgo que el Presidente Fernández ha demostrado. Él y su gobierno han ayudado muchísimo para resolver la crisis política de Honduras. Y hablamos del modo en que podemos manejar el proceso para que Honduras pueda, una vez más, integrarse plenamente a los grupos y organizaciones regionales de manera que se respete la democracia. Y realizamos coordinaciones estrechas entre nuestros dos países al respecto.
 
Hablamos de temas cruciales como el narcotráfico y el crimen y cómo tienen el potencial de desestabilizar a toda la región. Y ya hemos visto gran cooperación entre nuestros países a raíz de la Iniciativa de Seguridad de la Cuenca del Caribe, pero debemos hacer más. Y entonces, el Presidente Fernández y yo hablamos de cómo podemos hacer un mejor trabajo al coordinar grupos multinacionales a fin de enfrentar lo que es un flagelo para tantos países. Y eso requiere que nos encarguemos tanto de la oferta, como también de la demanda.
 
Y como dije en conversaciones anteriores, por ejemplo, con el Presidente Calderón en México, aquí en Estados Unidos, tenemos la importante obligación de asegurarnos de solucionar el problema de la demanda de drogas. También cruzan las fronteras armas y dinero en efectivo. Así que el problema requiere de todos nosotros y si lo vamos a resolver, vamos a tener que coordinar nuestro trabajo.
 
Y también hablamos de cómo juntos podemos expandir las oportunidades de exportación, las oportunidades comerciales y las oportunidades empresariales. Un aspecto que le dije al Presidente que me interesa especialmente es la energía limpia. El año pasado, cuando me reuní con el Presidente Lula de Brasil, noté que Brasil había logrado un progreso enorme en materia de energía limpia, con etanol de caña de azúcar, y había abierto la posibilidad de real independencia energética en la región. Considero que la República Dominicana tiene esas mismas oportunidades. Y el Presidente Fernández y yo hablamos de cómo podemos trabajar más estrechamente en materia de seguridad energética, y mi gobierno está muy interesado en asociarse con países de Centroamérica y Latinoamérica para desarrollarla.
 
Entonces, el principal mensaje que tengo para el pueblo de la República Dominicana es mi agradecimiento por su amistad. Considero que el pueblo estadounidense aprecia enormemente los lazos entre nuestros dos países, lazos que se expresan por sí mismos en nuestra extraordinaria población dominicana... estadounidenses de ascendencia dominicana que viven en este país. Y obviamente, tengo que destacar que aquí tenemos muy buenos jugadores de béisbol de la República Dominicana.
 
Presidente Fernández::  Sí, señor.
 
Presidente Obama:  Pero por alguna razón tengo a muchos fans de los Red Sox aquí, y siguen hablando de Ortiz, pero yo soy fan de los White Sox.
 
Bueno, Sr. Presidente, bienvenido. Muchas gracias por su amistad. Y estoy deseoso de que tengamos una larga y constructiva relación no sólo entre nuestros países, sino también entre nuestros gobiernos.
 
Presidente Fernández::  Gracias, Sr. Presidente. Bueno, primero que nada, quiero agradecerle al Presidente Obama por invitarme a venir a la Casa Blanca a hablar de temas de mutuo interés para el gobierno de Estados Unidos y la República Dominicana. Como indicó el Presidente, estamos de acuerdo en varias cosas, algunos temas bilaterales entre Estados Unidos y República Dominicana, y también temas regionales.
 
Y Sr. Presidente, verdaderamente apreciamos que con lo ocupado que está con asuntos internacionales, con todas las crisis, con la situación económica que está afectando al mundo entero... que haya puesto en su agenda al Caribe, a Latinoamérica y a la República Dominicana. Y creo que esto es evidencia de que sí le interesa la región y los problemas que no sólo afectan a la República Dominicana sino a la región como un todo.
 
Y como lo indicó, una de nuestras mayores preocupaciones tiene que ver con el narcotráfico, con el crimen trasnacional, con la violencia relacionada a estas actividades delictivas. Y creo que la Iniciativa de Seguridad de la Cuenca del Caribe ha sido el paso correcto. Lo felicito por ello, Sr. Presidente. Y ahora pienso que debemos pasar a un ambiente de mayor colaboración con otras naciones caribeñas, Centroamérica y México. Y sólo si coordinamos nuestros esfuerzos realmente podremos derrotar esta epidemia que abruma a todos nuestros países. Y todo lo que se puede hacer por el lado de la oferta, como usted dijo, o el lado de la demanda, tendrá implicancias significativas para la seguridad de nuestra gente.
 
Otros temas, como usted dijo, relativos a la energía limpia... estamos trabajando en la República Dominicana con energía eólica y con la producción potencial de etanol en nuestro país. Y pasamos también al comercio. Tenemos un acuerdo de libre comercio entre nuestros países, del cual no nos hemos beneficiado plenamente debido a la crisis financiera mundial y la manera en que ha afectado el comercio. Pero podemos mirar hacia el futuro con la esperanza de que aumenten nuestras actividades comerciales y la inversión en República Dominicana proveniente de Estados Unidos.
 
Una vez más, Sr. Presidente, le agradezco por su amistad, le agradezco por su visión, por su liderazgo y por su compromiso con la región y la República Dominicana.
 
      Presidente Obama:  Muchas gracias. Gracias a todos.
 
END           2:58 P.M. EDT

The White House

Office of the Press Secretary

Remarks by President Obama and President Fernandez of the Dominican Republic in Joint Press Availability

Oval Office

2:50 P.M. EDT

PRESIDENT OBAMA:  Hello, everybody.  Good afternoon.  President Fernandez and I just had an excellent conversation.  We first met and I think forged a good working relationship and friendship at the Summit of the Americas last year.  And we have built on that relationship, as have our respective administrations, on a whole host of issues.

We had a wide-ranging discussion.  One of the first messages I wanted to deliver was my appreciation for the role that the Dominican Republic played in helping the international community respond to the crisis in Haiti after the devastating earthquake there.  And I think that the Dominican Republic’s role, President Fernandez’s role in particular, in helping to facilitate a rapid response was extraordinarily important.  It saved lives and it continues as we look at how we can reconstruct and rebuild in Haiti in a way that is good not only for the people of Haiti but also good for the region as a whole.

That was just one example of the leadership that President Fernandez has shown.  He and his government have been extremely helpful in resolving the political crisis that existed in Honduras.  And we discussed ways that we can manage that process so that Honduras can once again be fully integrated into the regional groupings and organizations in a way that is respectful of democracy.  And we coordinated closely between our two countries on that issue.

We discussed the critical issue of drug trafficking and crime and how that has the potential to be destabilizing throughout the region.  And we have already seen great cooperation between our countries through the Caribbean Basin Security Initiative, but more needs to be done.  And so President Fernandez and I discussed how we can do a better job coordinating through multinational groupings to address what is a scourge on so many countries.  And that involves us dealing both with the supply side of the equation but also the demand side. 

And as I’ve said before in conversations, for example, with President Calderón in Mexico, we here in the United States have an important obligation to make sure that we are dealing with the demand of drugs.  There are also cross-border flows that involve guns and weapons and cash.  So the problem involves all of us and if we’re going to solve it, we’re going to have to work coordinating together.

And we also talked about how working together we can expand trade opportunities, commercial opportunities, business opportunities.  One area that I expressed to the President that is of particular interest to me is clean energy.  Last year when I met with President Lula of Brazil, I noted that Brazil had made enormous progress around clean energy, sugar cane-based ethanol, the possibilities of real energy independence in the region.  I think those same opportunities exist for the Dominican Republic.  And President Fernandez and I discussed how we can work more closely together around energy security issues -- something that my administration is very interested in partnering with Central American and Latin American countries to work on.

So the main message I have to the people of the Dominican Republic is thank you for your friendship.  I think the American people appreciate greatly the bonds between our two countries -- bonds that express themselves obviously in our extraordinary Dominican population, Dominican American population that we have here in this country.  And obviously I’ve got to note that we got some pretty good baseball players here from the Dominican Republic.

PRESIDENT FERNANDEZ:  Yes, sir.

PRESIDENT OBAMA:  But for some reason I’ve got a lot of Red Sox fans here, so they keep on talking about Ortiz, but I’m a White Sox guy.

But, Mr. President, welcome.  Thank you for your friendship.  And we look forward to a long and constructive relationship between not only our countries but our two governments.

PRESIDENT FERNANDEZ:  Thank you, Mr. President.  Well, first of all, I would like to thank President Obama for extending an invitation to come here to the White House and speak on issues that are of mutual interest for the U.S. government and for the Dominican Republic.  As the President has indicated, we have agreed on several issues, some bilateral issues between the U.S. and the Dominican Republic, and also on regional issues.

We do appreciate, Mr. President, that with all you have on your agenda, with all the international issues, with all the crises, with the economic situation that’s affecting worldwide, you have put on your agenda the Caribbean, Latin America, and the Dominican Republic.  I think this is evidence that you do have an interest for the region and the problems that affect not only the Dominican Republic but the region as a whole.

As you have indicated, one of our major concerns has to do with drug trafficking, with transnational crime, with violence related to all these criminal activities.  I think that the Caribbean Basin Security Initiative has been the right path forward.  I commend you for that, Mr. President.  And I think now we should move into a more collaborative environment with the other Caribbean nations, Central America, and Mexico.  It is only by coordinating our efforts that we can really defeat this epidemic that has become overwhelming to all of our countries.  And whatever we can do from the supply side, as you said, or the demand side, will be of great significance for the safety and security of our people.

Other issues, like you said, related to clean energy -- we’re working on that in the Dominican Republic with wind energy and with the potential production of ethanol in our country.  We’ll move on also with trade.  We have a free trade agreement between both of our countries, of which we have not benefited fully because of the global financial crisis and how it has affected trade.  But we can look into the future hopefully that we will increase our trade activities and more investment coming from the U.S. into the Dominican Republic.

So once again, Mr. President, I thank you for your friendship, I thank you for your vision, for your leadership, and for your commitment to the region and the Dominican Republic.

PRESIDENT OBAMA:  Thank you very much.  Thank you, everybody.

END
2:58 P.M. EDT

The White House

Office of the First Lady

Remarks by the First Lady during a Briefing by Officials and Local Leaders in Panama City Beach, Florida

Panama City Welcome Center, Panama City Beach, Florida

4:17 P.M. EDT

MRS. OBAMA:  Well, first of all, thank you for taking the time out of what I know are busy schedules at a busy time in your lives here to spend a little time with me, and just give me and Carol, who’s been down here several times, a better sense of what’s happening here in Panama City Beach.

This is the worst environmental disaster that our nation has seen.  I mean, it is devastating in so many ways -- from an environmental standpoint, you know, my husband has talked about how our kids are just looking at what is it going to mean to the wildlife and the animals, and kids see it from that perspective.  And it’s -- it hurts them to know that this oil is affecting wildlife for years to come.

But the other side of the story is the life of businesses, tourists and vacationers, who’ve really made communities like this their lifeblood and their vacation blood, in so many ways.

And we’re doing our best, the administration, to make things right, to get that thing capped, to clean it up, and to look at the long-term ramifications and view this as an opportunity to really build and preserve and make the Gulf the prize of this country that it has been and should continue to be.

So that’s the first priority of the administration is dealing with that, making sure that BP makes everyone whole.  And we’ve seen some historic outcomes with regard to that -- the $20 billion fund that has been set aside, which is not a ceiling or a floor, but it’s the beginning to make sure that BP makes communities whole and invests in the cleanup and the preservation.

But the story today, since we’ve got the media here, is the piece that I think gets lost in the devastation, and it’s that there are still thousands of miles of beaches that have not been touched by the spill.  And there are communities that thrive on tourism and on the economic power of beaches that have not been damaged. 

And we need to get the word out to the rest of the country, particularly for those who want to find ways to help folks in the Gulf.  This is one way, to recognize that there are still opportunities to experience those beautiful beaches.  I mean, this is a time to remind America that some of the best beaches in the world are here.  And this is probably the best time for people to bring their kids down, the best year, because you do a few things, you get to see a part of the country, you get to help an economic area, and it’s really nice and hot down here.  (Laughter.)  So you definitely want to swim. 

And I understand, as Dan said, we flew into the new airport.  It’s a beautiful facility, and Southwest now has a bunch of direct flights directly down here.

So we want to take this time just to encourage folks around the country not to miss this opportunity.  It is vacation time.  Folks are looking for things to do with their kids, and this would be a great opportunity to do a few things -- help this community, send a different message about the extent of the spill, and also think long term about how the rest of the country can help this economy and the folks down here.

It’s a wonderfully warm place -- that’s something that is clear just from the few little minutes I’ve been here.

PARTICIPANT:  It’s hot.  (Laughter.)

MRS. OBAMA:  It’s not that hot.  (Laughter.)  It’s not hotter than D.C., let me tell you.  (Laughter.)  But, yes, it is hot, so if you like hot weather, this is the place to come.

But I want to hear more.  Carol is here, and we can get into more of the specifics of some of the questions.  There are some things I don’t know as much about as Carol.  But she knows everything.

END
4:22 P.M. EDT

The White House

Office of the First Lady

Remarks by the First Lady to the NAACP National Convention in Kansas City, Missouri

Kansas City convention Center, Kansas City, Missouri

11:38 A.M. CDT
 
MRS. OBAMA:  Wow.  Oh, my goodness.  (Applause.)  Thank you all.  Thank you so, so much.  Everyone, please, please, please take your seats. 
 
Thank you so much.  It is such a pleasure and it is an honor to be here today for the 101st NAACP Convention.  Yes!  (Applause.)
 
I want to start by thanking Chairman Roslyn Brock, beautiful woman, for that very kind introduction.  (Applause.)  And I mentioned to her, I said, her mother’s hot.  She’s gorgeous.  Good genes.  (Laughter.) 
 
I also want to thank both her and your President and CEO Ben Jealous for their inspired leadership of this organization.  Give them a round of applause.  (Applause.)
 
I want to thank a few other people as well who are here.  I want to thank Governor Nixon and the First Lady, Georgeanne Nixon, who are here.  (Applause.)  I want to thank Senator McCaskill, who was here, who’s no longer here, but I wanted to say hello to her.  Representatives Cleaver, Moore and Scott, who are here.  (Applause.)  And Mayor Funkhouser for all the outstanding work that all of you are doing for the people of this city and for this great state and for taking time to join us today.  So let’s give them all a round of applause.  (Applause.)
 
And finally, I want to thank all of you.  I want to thank you for a few things.  First of all, thank you for being here today and thank you for the outstanding work that you’ve done in making this a great American institution.  And also, I have to thank you for your prayers, for your support.  I cannot tell you how much that means to me and my girls and my mom, and then my husband as well.  (Applause.)  Thank you all so, so much.  It really keeps us going, and I am just thrilled to be here.
 
One hundred and one years ago, the NAACP was established in pursuit of a simple goal, and that was to spur this nation to live up to the founding ideals, to secure those blessings of liberty, to fulfill that promise of equality.
 
And since then, the work of this organization has been guided by a simple belief:  that while we might not fully live out that promise or those blessings for ourselves, if we worked hard enough, and fought long enough, and believed strongly enough, that we could secure them for our children and for our grandchildren, and give them opportunities that we never dreamed of for ourselves.  (Applause.)
                                           
So, for more than a century, the men and women of the NAACP have marched and protested.  You have lobbied Presidents and fought unjust laws.  You’ve stood up and sat in and risked life and limb so that African Americans could take their rightful places not just at lunch counters and on buses, but at universities and on battlefields -- (applause) -- and in hospitals and boardrooms; in Congress, the Supreme Court; and, yes, even the White House.  (Applause.)  Think about it -- even the White House. 
 
So I know that I stand here today, and I know that my husband stands where he is today, because of this organization -- (applause) -- and because of the struggles and the sacrifices of all those who came before us.
 
But I also know that their legacy isn’t an entitlement to be taken for granted.  And I know it is not simply a gift to be enjoyed.  Instead, it is an obligation to be fulfilled. 
 
And when so many of our children still attend crumbling schools, and a black child is still far more likely to go to prison than a white child, I think the founders of this organization would agree that our work is not yet done.  (Applause.)
    
When African American communities are still hit harder than just about anywhere by this economic downturn, and so many families are just barely scraping by, I think the founders would tell us that now is not the time to rest on our laurels.
 
When stubborn inequalities still persist -- in education and health, in income and wealth -- I think those founders would urge us to increase our intensity, and to increase our discipline and our focus and keep fighting for a better future for our children and our grandchildren.  (Applause.)
 
And that’s why I really wanted to come here today -- because I wanted to talk with you about an issue that I believe cries out for our attention -- one that is of particular concern to me, not just as First Lady, but as a mother who believes that we owe it to our kids to prepare them for the challenges that we know lie ahead.  And that issue is the epidemic of childhood obesity in America today. 
 
Now, right now in America, one in three children is overweight or obese, putting them at greater risk of obesity-related conditions like diabetes and cancer, heart disease, asthma.
 
And we’re already spending billions of dollars in this country a year to treat these conditions, and that number is only going to go up when these unhealthy children reach adulthood.
 
But it’s important to be clear that this issue isn’t about how our kids look.  It’s not about that.  It’s about how our kids feel.  It’s about their health and the health of our nation and the health of our economy. 
 
And there’s no doubt that this is a serious problem.  It’s one that is affecting every community across this country.  But just like with so many other challenges that we face as a nation, the African American community is being hit even harder by this issue.  (Applause.)
 
We are living today in a time where we’re decades beyond slavery, we are decades beyond Jim Crow; when one of the greatest risks to our children’s future is their own health. 
 
African American children are significantly more likely to be obese than are white children.  Nearly half of African American children will develop diabetes at some point in their lives.  People, that’s half of our children.
 
And if we don’t do something to reverse this trend right now, our kids won’t be in any shape to continue the work begun by the founders of this great organization.  (Applause.)  They won’t be in any condition to confront all those challenges that we know still remain.
 
So we need to take this issue seriously, as seriously as improving under-achieving schools, as seriously as eliminating youth violence or stopping the spread of HIV/AIDS or any of the other issues that we know are devastating our communities.
 
But in order to address this challenge, we also need to be honest with ourselves about how we got here, because we know that it wasn’t always like this for our kids and our communities.   
 
The way we live today is very different from even when I was growing up.  And I like to tell my kids I’m not that old.  (Laughter.)  They don’t agree.  (Laughter.)
 
Many of you probably grew up like I did -- in a community that wasn’t rich, not even middle class, but where people knew their neighbors, and they looked out for each other’s kids.
 
In these kind of strong African American communities, we went to neighborhood schools around the corner.  So many of us had to walk to and from school every day, rain or shine.  I know you’ve told that story.  (Laughter.)  And in Chicago, where I was raised, we did it in the dead of winter.  (Laughter.)  No shoes on our feet -- it was hard, but we walked!  (Applause.)
 
And in school, we had recess twice a day and gym class twice a week, like it or not.  (Applause.)  And then when we got home in the afternoon, after school or in the summer, there was no way we’d be allowed to lie around the house watching TV.  (Applause.)  First of all, there wasn’t that many channels.  (Laughter.) 
 
Our parents made us get up and play outside.  Had to get up, get out, didn’t have to -- just couldn’t be inside.  And we would spend hours riding bikes, playing softball, freeze tag, jumping double-dutch.  Kids nowadays don’t even know how to jump double-dutch!  (Laughter and applause.) 
 
 We were constantly on the move, only stopping to eat or what?  When the streetlights came on, right?  (Applause.) 
 
And eating was a totally different experience back then.  In my house, we rarely ate out -- rarely.  Even when both parents worked outside of the home, most families in my neighborhood sat down at the table together as a family for a meal.  (Applause.)  And in my house, Marian Robinson’s house, we ate what we were served.  (Laughter and applause.)  My mother never cared whether me or my brother liked what was on our plates.  (Laughter.)  We either ate what was there or we didn’t eat.  It was as simple as that.  (Laughter.)
 
    We never ate anything fancy, but the portion sizes were reasonable and there were rarely seconds -- maybe for your father, but not for you.  (Laughter.)  And there was always a vegetable on the plate.  (Applause.)
 
And many of our grandparents tended their own gardens or they relied on, as my father told me, “The Vegetable Man” who brought fresh produce.  That was how people got by back then -- they had fresh fruits and vegetables in their own backyards, and in jars in their cellar during the winter.  And that wasn’t just being thrifty -- that was healthy too, little did we know.
 
And unless it was Sunday, or somebody’s birthday, there was no expectation of dessert after our meals.  And we didn’t dream of asking for soda or pop.  That was for special occasions.
 
Now, if you were lucky, you might get a quarter or two to take to the corner store and get some penny candy.  But you did not eat it all at once because you never knew when you’d see another piece of candy.  (Laughter.)  So you saved it in that little brown bag under your bed.  (Laughter and applause.)  That bag would be all worn out and sweaty.  (Laughter.)  You’d hold on to that bag, take out a half a piece of candy every other day.  (Laughter.) 
 
Back then, without any expert advice and without spending too much money, we managed to lead pretty healthy lives.  But things are a little different today, and many kids these days aren’t so fortunate. 
 
So many kids can’t attend neighborhood schools or don’t, so instead of walking to school, they ride in a car or they’re in a bus.  And in too many schools, recess and gym class have been slashed because of budget cuts. 
Fears about safety mean that those afternoons outside have been replaced by afternoons inside with TV, video games, the Internet. 
 
In fact, studies have found that African American children spend an average of nearly six hours a day watching TV -- and that every extra hour of TV they watch is associated with the consumption of an additional 167 calories. 
 
For many folks, those nutritious family meals are a thing of the past, because a lot of people today are living in communities without a single grocery store, so they have to take two, three buses, a taxi, walk for miles just to buy a head of lettuce for a salad or to get some fresh fruit for their kids. 
 
Most folks don’t grow their own food the way many of our parents and grandparents did.  A lot of folks also just don’t have the time to cook at home on a regular basis.  So instead, they wind up grabbing fast food or something from the corner store or the mini-mart -- places that have few, if any, healthy options. 
 
    And we’ve seen how kids in our communities regularly stop by these stores on their way to school -- buying themselves sodas and pop and chips for breakfast.  And we’ve seen how they come right back to those same stores after school to buy their afternoon snack of candy and sugary drinks.
 
According to one study, on average, a trip to the corner store, a child will walk out of that store with more than 350 calories worth of food and beverage -- this is on average.  So if they’re going two and three times a day, that can really add up. 
 
And taken together, all of these things have made for a perfect storm of bad habits and unhealthy choices -- a lifestyle that’s dooming too many of our children to a lifetime of poor health and undermining our best efforts to build them a better future.
 
See, we can build our kids the best schools on earth, but if they don’t have the basic nutrition they need to concentrate, they’re still going to have a challenge learning.  (Applause.)  And we can create the best jobs in the world -- we must -- but that won’t mean that folks will have the energy and the stamina to actually do those jobs. 
 
We can offer people the best health care money can buy, but if they’re still leading unhealthy lives, then we’ll still just be treating those diseases and conditions once they’ve developed rather than keeping people from getting sick in the first place.  (Applause.)
 
See, and the thing is, is that none of us wants that kind of future for our kids or for our country. 
 
And surely the men and women of the NAACP haven’t spent a century organizing and advocating and working day and night only to raise the first generation in history that might be on track to live shorter lives than their parents. 
 
And that’s why I’ve made improving the quality of our children’s health one of my top priorities. 
 
As many of you may know, my efforts began with the planting of a garden on the South Lawn of the White House.  (Applause.)  But it’s important to understand that this garden symbolizes so much more than just watching beautiful things grow.  It’s become a way to spark a broader conversation about the health and well-being not just of our kids but of our communities.
 
And in an effort to elevate that conversation nationally, we launched “Let’s Move.”  It’s a nationwide campaign to rally this country around a single, ambitious goal, and that is to solve childhood obesity in a generation so that children born today reach adulthood at a healthy weight.
 
And through this initiative, we are bringing together governors and mayors, businesses and community groups, educators, parents, athletes, health professionals, you name it, because it is going to take all of us, working together, to help our kids lead healthier lives right from the beginning. 
 
“Let’s Move,” the campaign, has four components. 
 
The first, we’re working to give parents the information they need to make healthy decisions for their families. 
 
For example, we’re working with the FDA and the food industry to provide better labeling, something simple, so folks don’t have to spend hours squinting at labels, trying to figure out whether the food they’re buying is healthy or not. 
 
Our new health care legislation requires chain restaurants to post the calories in the food they serve so that parents have the information they need to make healthy choices for their kids in restaurants.  (Applause.)
 
And we’re working with doctors and pediatricians to ensure that they routinely screen our children for obesity.  And I can personally attest to the value of these screenings based on my own personal experiences, because it wasn’t that long ago when the Obamas weren’t exactly eating as healthy as we should have been.  And it was our daughters’ pediatrician who actually pulled us aside and suggested that I think about making some changes to our family’s diet.  And it made a world of differences. 
 
    But we also know that giving better information to parents is not enough, because with 31 million American children participating in federal school meal programs, many of our kids are consuming as many as half their daily calories at school. 
 
That’s why the second part of “Let’s Move” is to get healthier food into our schools.  (Applause.)
 
And we’re working to reauthorize our child nutrition legislation that will make significant new investments to revamp our school meals and improve the food that we offer in those school vending machines, so that we’re serving our kids less sugar, salt and fat, and more vegetables, fruits and whole grains. 
 
This is bipartisan legislation and it is critically important for the health and success of our children, and we are hoping that Congress will act swiftly to get this passed.  (Applause.)
 
But we also know that healthy eating is only half the battle.  Experts recommend at least 60 minutes a day of activity.  That’s at least the bare minimum, and many of our kids aren’t even close. 
 
So the third part of “Let’s Move” is to help our kids get moving, to find new ways for them to get and stay active and fit.  And we’re working to get more kids participating in daily physical education classes and to get more schools offering recess for their students. 
 
We’ve set a goal of increasing the number of kids who walk or ride their bikes to school by 50 percent in the next five years. 
 
And we’ve recruited professional athletes -- they’ve been fantastic -- from different sports leagues to inspire our kids to get up off that couch and to get moving. 
 
But we know that even if we offer the most nutritious school meals, and we give kids every opportunity to be fit, and we give parents the information they need to prepare healthy food for their families, all that won’t mean much if our families still live in communities where that healthy food simply isn’t available in the first place. 
 
And that brings me to the fourth and final component of the campaign, and that is to ensure that all families have access to fresh, affordable food in their communities where they live.  (Applause.)
 
And one of the most shocking statistics for me in all of this is that right now, 23.5 million Americans, including 6.5 million children, live in what we call “food deserts” -- areas without a single supermarket. 
This is particularly serious in African American communities where folks wind up buying their groceries at places like gas stations and bodegas and corner stores where they often pay higher prices for lower-quality food.  (Applause.)
 
    But the good news is that we know that this trend is reversible, because when healthier options are available in our community, we know that folks will actually take advantage of those options. 
 
One study found that African Americans ate 32 percent more fruits and vegetables for each additional supermarket in their community.  So we know the kind of difference that we can make with some changes.  We know that when we provide the right incentives -- things like grants and tax credits, and help securing permits and zoning -- businesses are willing to invest and lay down roots in our communities. 
 
And many grocers are finding that when they set up shop in high-need areas, they can actually make a decent profit.  They’re learning that they can do well by doing good.
 
So as part of “Let’s Move,” we’ve proposed a Healthy Food Financing Initiative -- a $400 million a year fund that we’ll use to attract hundreds of millions of more dollars from the private and non-profit sectors to bring grocery stores and other healthy food retailers to underserved areas across the country. 
    
And our goal is ambitious -- we want to eliminate food deserts in this country within seven years, and create jobs and revitalize neighborhoods along the way.  (Applause.)
 
So, I know these goals are ambitious, and there are many, many more.  And as First Lady, I am going to do everything that I can to ensure that we meet them.
 
But I also know that at the end of the day, government can only do so much. 
 
I have spoken to so many experts about this issue, and not a single one of them said that the solution is to have government tell people what to do.  It’s not going to work.  Instead, this is about families taking responsibility and making manageable changes that fit with their budgets and their needs and their tastes.  That’s the only way it’s going to work.
 
It’s about making those little changes that can really add up -- simple things like taking the stairs instead of the elevator, walking instead of riding in a car or bus, even something as simple as turning on the radio and dancing with your children in the middle of your living room for hours.  That will work up a sweat.  (Applause.)
 
How about replacing all of that soda and those sugary drinks with water?  (Applause.)  Kids won’t like it at first, trust me.  But they’ll grow to like it.  Or deciding that they don’t get dessert with every meal.  As I tell my kids, dessert is not a right.  (Laughter.)  Or they don’t get it every day.
 
Or just being more thoughtful about how we prepare our food -- baking instead of frying.  I know.  (Laughter.)  Don’t shoot me.  (Applause.)  And cutting back on those portion sizes.
 
Look, no one wants to give up Sunday meal.  No one wants to say goodbye to mac and cheese and fried chicken and mashed potatoes -- oh, I’m getting hungry -- (laughter) -- forever.  No one wants to do that.  Not even the Obamas, trust me. 
 
But chefs across the country are showing us that with a few simple changes and substitutions, we can find healthy, creative solutions that work for our families and our communities.
 
And that’s why I am excited about our new “Let’s Cook” video series, which we’re launching on our “Let’s Move” website at letsmove.gov. 
 
This is a great series featuring Sam Kass, who a lot of people think is cute -- I don’t know if that helps.  (Laughter.)  But this series features some of the country’s top chefs, who will be demonstrating how folks can prepare simple, affordable, nutritious meals for their families.
 
The first guest chef is a guy by the names of Marvin Woods, who’s known for his cuisine based in North Africa, the Caribbean, South America, the Low Country.  He’s demonstrating how to prepare a week of healthy and tasty dinners for a family of four on a tight budget.  And he provides recipes, shopping lists, so that folks can do it all themselves at home.
 
And finally, it’s one thing we can think about, is working to make sure that our kids get a healthy start from the beginning, by promoting breastfeeding in our communities.  (Applause.)  One thing we do know is that babies that are breastfed are less likely to be obese as children, but 40 percent of African American babies are never breastfed at all, not even during the first weeks of their lives. 
 
And we know this isn’t possible or practical for some moms, but we’ve got a WIC program that’s providing new support to low-income moms who want to try so that they get the support they need.
 
And under the new health care legislation, businesses will now have to accommodate mothers who want to continue breastfeeding once they get back to work.  (Applause.)  Now, the men, you may not understand how important that is.  (Laughter.)  But trust me, it’s important to have a place to go. 
 
But let’s be clear, this isn’t just about changing what our kids are eating and the lifestyles they’re leading -- it’s also about changing our own habits as well.  Because believe it or not, if you’re obese, there’s a 40 percent chance that your kids will be obese as well.  And if you both you and the child’s other parent are obese, that number jumps to 80 percent. 
 
And this is more than just genetics at work.  The fact is, we all know we are our children’s first and best teachers and role models.  We teach them healthy habits not just by what we say but by how we live.  Shoot, I can’t tell Malia and Sasha to eat their vegetables if I’m sitting around eating French fries -- trust me, they will not let that happen.  And I can’t tell them to go run around outside if I’m spending all my free time on the couch watching TV.
 
And this isn’t just about the example that we set as individuals and as families, but about the lifestyle we’re promoting in our communities as well.
 
    It’s about the example we set in our schools.  It’s about schools like the Kelly Edwards Elementary School in Williston, South Carolina.  It’s a Bronze Award winner in our USDA Healthier U.S. School Challenge.  This is a school where students have planted their own garden so that they can taste all kinds of fresh vegetables, they can stay active because they’ve got their own dance team. 
 
    And it’s about establishing strong community partnerships that involve folks from every sector and every background. 
 
There’s a Fresh Food Financing Initiative in Pennsylvania -- it’s a great example.  This initiative is a collaboration between business, non-profit and government that’s funded more than 80 supermarket projects, bringing nutritious food to hundreds of thousands of people in underserved communities.
 
These are just a couple of the thousands of programs and projects that are making a difference in communities across the country already.
 
So if there’s anybody here, after all this talking I’ve done, who feels a little overwhelmed by this challenge -- because it can be overwhelming -- if there is anyone here who might even already be losing hope thinking about how hard it will be to get going, or giving up, I just want you to take a look around at all the things that are already being accomplished, because I want folks to learn from each other and to be inspired by each other, because that’s what we’ve always done.
 
That is exactly what happened here in this city half a century ago.  See, because back in 1958, folks right here in Kansas City saw what folks down in Montgomery had achieved with their bus boycott.  So they were inspired by all those men and women who walked miles -- walked miles home each day on aching feet because they knew there was a principle at stake.
 
So folks here organized their own boycott of department stores that refused to serve African Americans.  (Applause.)  Handbills publicizing their meetings stated, and this is a quote:  “They stopped riding in Montgomery, so let’s stop buying in Kansas City.”  (Applause.)
 
A local music teacher even composed a song that became the anthem for their efforts.  It was entitled “Let’s take the walk that counts.”
 
And then, as you know, a few years later, in April of 1964, folks turned out in droves to pass a public accommodations law mandating that all residents, regardless of their skin color, be served in restaurants, hotels and other public places.  Even folks who were too sick to walk showed up to vote.  (Applause.) 
 
One organizer recalled that they used wheelchairs to get people to the polls and even brought one man in on a stretcher.  So think about that -- being carried to the ballot box on a stretcher.  (Applause.)  Those folks didn’t do all that just for themselves.  They did it because they wanted something better for their children and for their grandchildren.  That’s why they did it. 
 
And in the end, that’s what has driven this organization since its founding. 
 
It is why Daisy Bates endured hate mail and death threats to guide those nine young men and women who would walk through those schoolhouse doors in Little Rock. 
 
It is why Thurgood Marshall fought so hard to ensure that children like Linda Brown, and children like my daughters and your sons and daughters, would never again know the cruel inequality of separate but equal. 
 
It is why so many men and women -- legends and icons and ordinary folks -- have faced down their doubts, their cynicism and their fears, and they’ve taken that walk that counts. 
 
So we owe it to all those who’ve come before us to ensure that all those who come after us -- our children and our grandchildren -- that they have the strength and the energy and the enduring good health that they need to continue and complete that journey.  (Applause.)
 
So I’m asking you, NAACP, will you move with me?  (Applause.)  Let’s move!  I’m going to need you, NAACP.  (Applause.)  This is not an endeavor that I can do by myself.  We cannot change the health of our community alone.  I’m going to need each and every single one of you to work together for this campaign for our children’s future.  If we do this together, we can change the way our children think about their health forever. 
 
So I want to thank you all in advance, again, for your prayers and your thoughts and your support.  The struggle continues.
 
Thank you all.  God bless you, God bless this organization, and God bless America.  Thank you all so much.  (Applause.)

END
12:13 P.M. CDT

The White House

Office of the Press Secretary

Remarks by the President on the Economy at the University of Nevada, Las Vegas

University of Nevada - Las Vegas, Las Vegas, Nevada

9:33 A.M. PDT

THE PRESIDENT:  Thank you, everybody.  Thank you.  (Applause.)  Please have a seat.  Have a seat.  (Applause.)  Well, thank you, Harry.  Thanks for giving me a chance to get out of Washington.  It’s very hot there.  (Laughter.)  It’s hot here, too, but there’s a little more humidity there.  And I just love coming to Vegas.  (Applause.)  I love being here.  I mentioned last night, I'm not the only one who loves it, because I noticed that, for some reason, Air Force One is more crowded when we're coming to Vegas. (Laughter.)  Somehow I need more staff and logistical support and a couple extra Secret Service guys.  (Laughter.)

We've got some wonderful leaders here, and I just want to acknowledge them very quickly.  U.S. Representative Dina Titus is here -- (applause) -- doing a great job.  And Nevada’s Secretary of State, Ross Miller, is here.  (Applause.)  Dr. Neal Smatresk is here, and his family.  And they’re doing a great job on behalf of UNLV.  (Applause.)  And all of you are here.  (Applause.)  And I am thrilled to see you.

But I’m especially here to be with my friend and your Senator, Harry Reid.  (Applause.)  One of the first stories I heard about Harry was that he was a boxer back in the day here in Nevada.  And I was mentioning last -- she’s laughing, she’s -- oh, I can't believe it.  (Laughter.)  No, he was.  (Laughter.)  You wouldn't know that because he’s so soft-spoken.  He’s all “well, I'm Harry Reid.”  (Laughter.)  But when he first told me he was a boxer, he said, “Barack, I wasn’t the fastest, I wasn’t the hardest hitting, but I knew how to take a punch.”  (Laughter.)  He knew how to take a punch.  And Harry Reid became a pretty good boxer because he would simply outlast his opponents.  He had a stronger will.

I think that tells you something about the kind of person he is, the kind of senator he is, the kind of Senate Majority Leader he is.  He’s a fighter, and you should never bet against him.  (Applause.)  And that’s just what we need right now.  That's what Nevada needs right now.  (Applause.)  That's what Nevada needs, is somebody who’s going to fight for the people of Nevada and for the American people. 

And you know that he wasn’t born with a silver spoon in his mouth -- in Searchlight, Nevada.  So when you're going through tough times, Harry Reid has been there.  He knows what it feels like to be scraping and scrimping, and struggle to make ends meet.  And so when his home state is having a tough time, when the country is having a tough time, he knows that he’s got to be fighting on behalf of not those who are powerful, but on behalf of those who need help the most.

Now, let me tell you, when we first took office, amidst the worst economy since the Great Depression, we needed Harry’s fighting spirit -- because we had lost nearly three million jobs during the last six months of 2008.  The month I was sworn in, January 2009, we lost 750,000 jobs in that month alone.  The following month we lost 600,000 jobs.  And these were all the consequence of a decade of misguided economic policies -- a decade of stagnant wages, a decade of declining incomes, a decade of spiraling deficits.

So our first mission was to break the momentum of the deepest and most vicious recession since the Great Depression.  We had to stop the freefall and get the economy and jobs growing again.  And digging out of this mess required us taking some tough decisions, and sometimes those decisions were not popular. And Harry knew they weren’t popular.  I knew they weren’t popular.  But they were the right thing to do.

And Harry was willing to lead those fights because he knew that we had to change course; that to do nothing, to simply continue with the policies that had gotten us into this mess in the first place would mean further disaster.  And to fail to act on some of the great challenges facing the country that we had been putting off for decades would mean a lesser future for our children and our grandchildren.

Now, as a result of those tough steps that we took, we’re in a different place today than we were a year ago.  An economy that was shrinking is now growing.  We’ve gained private sector jobs for each of the past six months instead of losing them -- almost 600,000 new jobs. 

But as Harry pointed out, that’s not enough.  I don’t have to tell you that.  The unemployment rate is still unacceptably high, particularly in some states like Nevada.  And a lot of you have felt that pain personally or you’ve got somebody in your family who’s felt the pain.  Maybe you found yourself underwater on your mortgage and faced the terrible prospect of losing your home.  Maybe you’re out of work and worried about how you’re going to provide for your family.  Or maybe you’re a student at UNLV and you’re wondering if you’re going to be able to find a job when you graduate, or if you’re going to be able to pay off your student loans, or if you’re going to be able to start your career off on the right foot. 

Now, the simple truth is it took years to dig this hole; it’s going to take more time than any of us would like to climb out of it.  But the question is, number one, are we on the right track?  And the answer is, yes.  And number two, how do we accelerate the process?  How do we get the recovery to pick up more steam?  How do we fill this hole faster?

There’s a big debate in Washington right now about the role that government should play in all this.  As I said in the campaign -- and as I’ve repeated many times as President -- the greatest generator of jobs in America is our private sector.  It’s not government.  It’s our entrepreneurs and innovators who are willing to take a chance on a good idea.  It’s our businesses, large and small, who are making payroll and working with suppliers and distributing goods and services across the country and now across the world. 

The private sector, not government, is, was, and always will be the source of America’s economic success.  That’s our strength, the dynamism of our economy.  And that’s why one of the first things Harry Reid did, one of the first things we did, was cut dozens of taxes -- not raise them, cut them -- for middle class and small business people.  And we extended loan programs to put capital in the hands of startups.  And we worked to reduce the cost of health care for small businesses. 

And right now, Harry is fighting to pass additional tax breaks and loan authority to help small businesses grow and hire all across the country.  But he has also tried to look out specifically for Nevada.  He understands, for example, that tourism is so enormous an aspect of our economy, and so helped to move our trade promotion act that is going to be helping to do exactly what it says -- promote tourism -- and bring folks here to enjoy the incredible hospitality.

     The point is, our role in government, especially in difficult times like these, is to break down barriers that are standing in the way of innovation; to unleash the ingenuity that springs from our people; to give an impetus to businesses to grow and expand.  That’s not some abstract theory.  We’ve seen the results.  We’ve seen what we can do to catalyze job growth in the private sector.

     And one of the places we’ve seen it most is in the clean energy sector -- an industry that will not only produce jobs of the future but help free America from our dependence on foreign oil in the process, clean up our environment in the process, improve our national security in the process.

So let me give you an example.  Just yesterday, I took a tour of Smith Electric Vehicles in Kansas City, Missouri, on the way here.  This is a company that just hired its 50th worker, it’s on the way to hiring 50 more, and is aiming to produce 500 electric vehicles at that plant alone.  (Applause.)  And these are spiffy-looking trucks.  I mean, they are -- and they’re used by Fortune 500 companies for distribution -- PepsiCo, Frito-Lay. They’re also used for the United States military –- electric trucks with a lot of -- they’re very strong, great horsepower.

And the reason for their success is their entrepreneurial drive.  But it’s also partly because of a grant that we’re offering companies that manufacture electric vehicles and the batteries that power them. 

Because of these grants, we’re going to be going from only having 2 percent of the global capacity to make advanced batteries that go in trucks and cars, run on electricity -- we’re going to go from 2 percent of advanced battery market share to 40 percent just in the next five years -- just in the next five years.  (Applause.)  And that will create thousands of jobs across the country -- thousands of jobs across the country, not just this year, not just next year, but for decades to come.  So it’s a powerful example of how we can generate jobs and promote robust economic growth here in Nevada and all across the country by incentivizing private sector investments.

That’s what we’re working to do with the clean energy manufacturing tax credits that we enacted last year, thanks to Harry’s leadership.  Thanks to Harry’s leadership.  (Applause.)

Some people know these tax credits by the name 48c, which refers to their section in the tax code.  But here’s how these credits work.  We said to clean energy companies, if you’re willing to put up 70 percent of the capital for a worthy project, a clean energy project, we’ll put up the remaining 30 percent.  To put it another way, for every dollar we invest, we leverage two more private sector dollars.  We’re betting on the ingenuity and talent of American businesses.  (Applause.)

Now, these manufacturing tax credits are already having an extraordinary impact.  A solar panel company -- a solar power company called Amonix received a roughly $6 million tax credit for a new facility they’re building in the Las Vegas area -– a tax credit they were able to match with roughly $12 million in private capital.  That's happening right now.  And that’s just one of over -- (applause)  -- that's just one of over 180 projects that received manufacturing tax credits in over 40 states.

Now, here’s the -- the only problem we have is these credits were working so well, there aren’t enough tax credits to go around.  There are more worthy projects than there are tax credits.  When we announced the program last year, it was such a success we received 500 applications requesting over $8 billion in tax credits, but we only had $2.3 billion to invest.  In other words, we had almost four times as many worthy requests as we had tax credits.

Now, my attitude, and Harry’s attitude, is that if an American company wants to create jobs and grow, we should be there to help them do it.  So that’s why I’m urging Congress to invest $5 billion more in these kinds of clean energy manufacturing tax credits, more than doubling the amount that we made available last year.  (Applause.)  And this investment would generate nearly 40,000 jobs and $12 billion or more in private sector investment, which could trigger an additional 90,000 jobs.

Now, I’m gratified that this initiative is drawing support from members of Congress from both sides of the aisle, including Republican Senators Richard Lugar and Orrin Hatch.  Unfortunately, that kind of bipartisanship has been absent on a lot of efforts that Harry and I have taken up over the past year and a half.

We fought to keep Nevada teachers and firefighters and police officers on the job, and to extend unemployment insurance and COBRA so folks have health insurance while they’re looking for work.  We fought to stop health insurance companies from dropping your coverage on the basis of preexisting conditions, or right when you get sick, or placing lifetime limits on the amount of care that you can receive.  

We fought to eliminate wasteful subsidies that go to banks that were acting as unnecessary middlemen for guaranteed student loans from the federal government, and as a consequence, freed up tens of billions of dollars that are now going directly to students, which means more than a million students have access to financial aid that they didn't have before.  (Applause.)

And we’re now on the cusp of enacting Wall Street reforms that will empower consumers with clear and concise information that they need to make financial decisions that are best for them -- (applause) -- and to help prevent another crisis like this from ever happening again, and putting an end to some of the predatory lending and the subprime loans that had all kinds of fine print and hidden fees that have been such a burden for the economy of a state like Nevada and haven’t been fair to individual consumers in the process. 

So that’s what Harry and I fought for.  And, frankly, at every turn we’ve met opposition and obstruction from a lot of leaders across the aisle.  And that’s why I’m glad I’ve got a boxer in the Senate who is not afraid to fight for what he believes in.  (Applause.)  And Harry and I are going to keep on fighting until wages and incomes are rising, and businesses are hiring again right here in Nevada, and Americans are headed back to work again, and we’ve recovered from this recession, and we’re actually rebuilding this economy stronger than before.  (Applause.)  That’s what we’re committed to doing.  (Applause.) 

     So, Nevada, I know we’ve been through tough times.  And not all the difficult days are behind us.  There are going to be some tough times to come.  But I can promise you this:  We are headed in the right direction.  We are moving forward.  We are not going to move backwards.  (Applause.) 

And I’m absolutely confident that if we keep on moving forward, if we refuse to turn backwards, if we’re willing to show the same kind of fighting spirit as Harry Reid has shown throughout his career, then out of this storm brighter days are going to come. 

     Thank you very much, everybody.  God bless you.  (Applause.)

END
9:52 A.M. PDT 

The White House

Office of the Press Secretary

Remarks by the President at Fundraiser Event for Senator Harry Reid

Aria Resort and Casino
Las Vegas, Nevada

6:25 P.M. PDT

THE PRESIDENT:  Hello, Vegas!  (Applause.)  Si se puede!  (Applause.)  Oh, it is good to be back in Vegas!  (Applause.)    This is a pretty good crowd.  I know you're disappointed, but I'm not singing tonight.  (Laughter.) 

Listen, I love being in Vegas again, love being in Vegas.  (Applause.)  I love this town.  Maybe not as much as my staff.  (Laughter.)  For some reason, every time we come here, Air Force One is a little more crowded.  (Laughter.)  I'm seeing people in the couches and --

AUDIENCE MEMBER:  We love Obama!  (Applause.)   

THE PRESIDENT:  I love you back.  I love you back.  A couple other people I love here.  I want to make mention -- Congresswoman Dina Titus is in the house.  (Applause.)  Love Dina.  Secretary of State Ross Miller is in the house -- give a big round of applause to Ross, right here.  (Applause.)  One of my earliest supporters, not just here in Nevada, but anywhere in the country -- State Senate Majority Leader Steven Horsford is in the house.  (Applause.)  He’s somewhere out here.  Your wonderful Speaker of the State Assembly, Barbara Buckley, is here.  (Applause.) 

Give it up for Brandon, David and Mark -- The Killers.  (Applause.)  These guys, by the way, for the Fourth of July, performed for military families on the South Lawn -- and so have just been unbelievable for us.  Really nice guys -- they don't look like killers, let’s face it.  (Laughter.)  I mean, one of them is tall, but they don't look like you’d be scared of them.  (Laughter.)  But they are wonderful people, and we are grateful to them.

And then, how about Sarah McLachlan?  (Applause.)  She was   -- I met her back stage -- just delightful, and a couple of beautiful daughters.  And I'm always partial to daughters. (Laughter.)

Now, despite the entertainment, despite the nice digs, despite seeing all these old friends, the main reason I'm here is because there’s a guy from Searchlight, Nevada -- (applause) -- who has been fighting on behalf of Nevada for most of his life and is now fighting for working families all across America -- and that's your Senate Majority Leader, Harry Reid.  (Applause.)       

I have known Harry since I arrived in the Senate five years ago, and we have become dear friends.  He is a man of principle. He is a straight shooter.  (Applause.)  He is a man of his word. He comes across as soft-spoken -- you know, how he’s all like “well, you know.”  (Laughter.)  Even when he’s in front of a big crowd, he’s like “well, you know.”  (Laughter.)  “Okay, okay, we're trying here, trying hard.”  (Laughter.)  I mean, that's just how Harry is.  (Applause.)  But anybody who knows Harry knows he is made of strong stuff.  This is one tough guy.  (Applause.)  A lot of people talk tough; Harry is tough.  (Applause.)

A lot of people in Washington forget where they came from.  Harry remembers every single day.  (Applause.)  A lot of people  -- instead of taking the tough votes, showing leadership, making difficult decisions, they do what’s politically expedient.  They're not making the choices that give them the best chance of staying in Washington.  That's not Harry Reid.  He doesn’t always do what’s easy.  He doesn’t always do what is popular.  But he always does what’s right for the people of Nevada.  And that's why you’ve got to send him back there for one more -- for one more term.  (Applause.)  As the Senate Majority Leader, he has always done what’s right.  (Applause.)  You’ve got to send him back. 

You know, Harry used to be a boxer.  He likes to brag about this.  (Laughter.)  But it’s -- you know, he brags in his Harry way -- he’s all, “well, I used to box.”  (Laughter.)  He’ll say, “you know, I wasn’t the most talented guy.”  (Laughter.)  “I wasn’t very fast.  I wasn’t big, obviously.”  (Laughter.)  “But I could take a punch.”  (Applause.)  “I could take a punch.”  (Applause.)

He would outlast the other guys.  And that’s exactly how Harry Reid has been able to orchestrate one of the most productive legislative sessions in the history of America.  And that's how he’s going to win this race, so he can serve the people of Nevada one more time.  (Applause.)

He’s taken his lumps.  We all have.  But I have no doubt that the people of Nevada will realize the quality of public servant that they have in Harry Reid, partly because he knows no matter what kind of lumps he’s taking, they're nothing compared to lumps that folks back home have been taking.  (Applause.) 

Harry comes from humble beginnings.  He knows what’s it like not to have a lot.  He knows what it’s like to see your folks scraping by and have to tell you, no, I’m sorry, we can’t afford this, we can’t afford that.  He’s been there.  So when he hears the stories of Nevadans who are losing their homes, when he hears stories of Nevadans who have lost their jobs, when he hears stories about people who are feeling desperate, who after doing the right thing, somehow have gotten the short end of the stick, that's who he identifies with.  That's who he’s fighting for.  (Applause.)

I just came from the birthplace of another Harry, a guy named Harry Truman.  (Applause.)  Harry Truman was a lot like Harry Reid.  You know, in 1948, Harry Truman campaigned across this country, making the case against the “do-nothing” Republicans in Congress.  (Applause.) 

For the last two years, Harry has been dealing with the do-nothing Republican leadership in the Senate, just like Harry Truman.  (Applause.)  But despite all their tactics, despite all their political maneuvering, he’s just been steady.  And we keep on making progress.  He does not give up.  He does not give in.  He keeps on fighting.  (Applause.)  And he outlasts them.  And he’s changed the landscape of America as a consequence.  (Applause.) 

We need Harry Reid because we’ve taken quite a few punches as a nation.  About 17 months ago, I took office after almost a decade of economic policies -- a decade of economic policies that gave us sluggish job growth, falling incomes, a record deficit -- I want everybody to remember this -- a decade of economic policies that culminated in the worst crisis since the Great Depression.   

Three million Americans had lost their jobs in the last six months of 2008.  Another 750,000 Americans lost their jobs in the month I was sworn in.  The month I was sworn in -- the next month, it was 600,000.  And these weren’t just numbers.  Most of you have somebody in your family who was touched by this crisis, if you weren’t yourself.  And the economic policies that led to this economic disaster were pretty straightforward.  Harry mentioned it:  You cut taxes for millionaires and billionaires, even if they don't need them and weren’t even asking for them.  You cut rules and regulations for the most powerful industries -- big banks on Wall Street, big oil on the Gulf, and then you cut working families loose. 

You tell people, you’re on your own.  You don't have health care?  Too bad, you’re on your own.  Young person born into poverty, can’t afford college -- tough luck, you’re on your own. That was their reigning philosophy.  They might call it different things -- the Ownership Society, or laissez-faire, or whatever, but this was their philosophy. 

Now, I want somebody to argue that somehow this was working well for the people in Nevada.

AUDIENCE:  Nooo!

THE PRESIDENT:  It was bad for workers.  It was bad for business owners.  And it was bad for this country.  And that's why, with Harry Reid’s help, I took a different path as President.  (Applause.)  I had a different philosophy, one that's based on how do we help ordinary families seize opportunity and use their innovation and their drive to rebuild an America that's stronger than before.  That was our job.  That was our task.  (Applause.) 

So we’ve got a different philosophy.  We said we’d cut taxes for the 95 percent of working families and small business owners who really needed help in this recession.  (Applause.)  We believe in the free market, but we also think that everybody should be following basic rules of the road, so we made sure Wall Street banks and other big corporations have to play by the same rules that small banks and small business owners have to play with.  That just makes sense. 

There shouldn’t be two sets of rules.  There shouldn’t be loopholes and special tax breaks and lack of oversight.  (Applause.)  And we decided that we were going to invest in our people and in our future; in the skills and education of our workforce; in the research and clean energy technologies that will create new jobs and new industries, and make sure America is competitive in the 21st century.  That's our vision for America. (Applause.) 

Now, since we had a crisis on our hands, since the financial system was melting down, since we -- people couldn’t get auto loans, couldn’t get home loans, people weren’t traveling.  You remember.  You remember last year.  So we had to make a bunch of decisions and we had to make them fast.  And they were tough decisions, difficult decisions.  Some of them weren’t popular.

And by the way --

AUDIENCE MEMBER:  It’s all right.

THE PRESIDENT:  Well, I know it’s all right because -- because you know what?  (Applause.)  Let me tell you something. As we were making these decisions, sometimes the pundits would say, boy, you know, why is he doing that, why is Harry Reid doing that?  That's not going to be popular.  Well, we’ve got polls.  You know, Harry Reid and I, we’ve got pollsters.  They let us know when things aren’t going to be popular.  (Laughter.)  It’s not like we were surprised.  (Laughter.)  But my job isn’t to put my finger up to the wind and see which way the wind is blowing.  That's not Harry Reid’s job.  That's not leadership.  (Applause.) Our job is to focus not on the next election but on the next generation.  (Applause.)  And that's why we made those decisions. (Applause.)

We knew it would take us months, years, to dig ourselves out of the holes that we found ourselves in.  That's longer than anybody would like, but here’s what I also know.  An economy that last year was shrinking by 6 percent is now growing.  (Applause.) An economy that was shredding jobs at an unbelievable pace -- we’ve now had six months in a row of private sector job growth.  That's because of policies that Harry Reid helped bring about.  We have turned things around, and we are moving in the right direction.  (Applause.)

That's not enough.  It hasn’t moved as fast as I want.  I’m not going to be satisfied, and Harry won’t be satisfied, until everybody in Nevada who wants a job can find a job.  (Applause.) We don't want to just survive; we want to thrive.  We want Nevada to be on the move.  We want the Las Vegas dream to be a reality for everybody.  (Applause.)  And so we understand we’ve got a lot of work to do. 

Basically, the other party, their whole argument is based on the notion, well, it hasn’t moved fast enough.  Well, I agree.  I’d like to see us get out of this hole sooner, but you have to understand we are heading in the right direction.  And what the other side is offering is basically to go back to the same ideas that got us into this mess in the first place.  (Applause.)  That's all they're doing.  (Applause.) 

This is a choice between the policies that led us into the mess, or the policies that are leading out of the mess.  This is the choice between falling backwards, or moving forward.  Now, I don't know about you, but Harry Reid wants to move forward.  (Applause.)  I want to move forward.  I think most people in Nevada want to move forward.  They don't want to go backwards.  (Applause.)   America doesn’t go backwards, we go forwards.  That's who we are as Americans.  (Applause.)

What the other party is counting on is that all of you don't have very good memories.  (Laughter.)  I mean, think about it. They're not making new arguments.  It’s not like they're coming back and saying, you know what, we know we screwed up and we learned from our mistakes, and we’re going to do things differently this time.  That's not what -- that's not what you’re hearing.  They are peddling the same stuff they’ve been peddling for years and years and years.  (Applause.)

They basically -- they spent a decade driving the economy into a ditch.  And now they're asking for the keys back.  (Laughter.)  And my answer is, no, you cant have the keys.  (Applause.)  You can’t drive.  You don't know how to drive.  You drive in the wrong direction.  You can’t have them back.  (Applause.)  We’re just getting the car out of the ditch.  We can’t have you drive it back in the ditch.  (Laughter.)   

Harry Reid and I, we got mud on our shoes.  We’re -- we’ve been pushing and shoving -- car is just kind of getting out, almost -- almost on some pavement.  (Laughter.)  Some, they're all, “no, no, we want to pull into reverse.”  (Laughter.)  Run right over Harry and me.  (Laughter.)  Get you back in the mud.  That doesn’t make sense. 

I mean, look, Harry Reid’s opponent doesn’t just believe in these old, worn-out theories.  On a lot of these issues, she favors an approach that's even more extreme than the Republicans we got in Washington.  (Laughter.)  That's saying something.  (Laughter.)  That is saying something. I mean, she wants to phase out and privatize Social Security and Medicare.

AUDIENCE MEMBERS:  Booo!

THE PRESIDENT:  Phase out and privatize them.

AUDIENCE MEMBER:  Phase her out.  (Laughter.) 

THE PRESIDENT:  Wants to eliminate our investment in clean energy.  Wants to eliminate the federal investment in our children’s educations.

AUDIENCE MEMBERS:  Booo!

THE PRESIDENT:  Said the answer to the BP oil spill is to deregulate the oil industry.  I'm not making this up.  Harry, am I making this up?  (Laughter.)  I know some of you are saying, no, she didn’t really say that.  (Laughter.)  She said it.  She said that if only there were fewer rules and safeguards, then BP would have been more careful -- (laughter) -- about their drilling. 

Some of you might have heard about the Republican congressman who apologized to BP -- I think you heard Harry mention him.  This, by the way, is the guy who heads up the Energy Committee for the Republicans.  We decided let’s get $20 billion to make sure the fishermen and small business people and -- (applause) -- hotels are compensated for their loss.  That makes sense.  I mean, most people around the country, it doesn’t matter whether you're a Democrat, Republican, independent -- you say, well, yeah, of course, that makes sense.  They shouldn’t be punished for somebody else’s carelessness. 

Well, this congressman, he, in a hearing, apologized to BP executives -- said -- said that the fund we’d set up was a tragedy, a shakedown -- (laughter.)  A tragedy?  You think about all those people down there who -- a lot of folks down there, just like Vega, rely on tourism.  And it’s much more seasonal than Vegas, so they’ve got basically three, four months where they make money for the entire year.  You talk to some fishermen -- they had already -- or guys who own boats who take fishermen out -- they’d already bought all their supplies, bought all their gasoline, and suddenly that's it, wiped out.  That's the tragedy. It’s not asking BP to do what’s right and what’s fair. 

But Harry’s opponent, she agreed with this guy.  She called the compensation we're providing a slush fund. 

AUDIENCE:  Booo!

THE PRESIDENT:  To compensate fishermen and compensate shrimpers and compensate small restaurant owners. 

Now, a few hours later, her campaign puts out a memo saying, well, she didn’t mean that.  (Laughter.)  They said there was some “confusion.”  (Laughter.)  And I'm sure she meant “slush fund” in the nicest possible way.  (Laughter and applause.)

Let me tell you, most Nevadans I meet -- and I've spent a lot of time here -- you know that.  (Laughter and applause.)  I've been seeing you.  Most of the people I meet here in this state, they don't think like that.  They don't subscribe to that kind of thinking.  So why would you want somebody who has that philosophy representing the people of Nevada?

AUDIENCE:  Nooo!

THE PRESIDENT:  You need somebody like Harry Reid representing you in Nevada.  (Applause.) 

My simple point is this:  You have a choice in this election -- and, look, obviously you're here -- you guys are some diehards, you guys are supporters, and you need to be energized in this election.  But when you're talking to your friends and your neighbors, they’re not following politics as closely, they’re not sure how things should go; they’re frustrated about what’s happening and they say, ah, it doesn’t make any difference.  You have to remind them, it makes a difference.  There is a real choice here.  We know how the movie ends if the other party is in charge.  (Laughter.)  You don't have to guess how they’ll govern because we're still living with the damage from the last time they were governing.  (Applause.)  And they’re singing from the same hymnal.  They haven't changed.  They want to do the same stuff.

Right after we took office, working with Harry, we passed tax cuts for over one million families here in Nevada, made over 400 loans to Nevada’s small businesses, extended unemployment benefits to 300,000 Nevadans who’d lost their jobs.  (Applause.) Twenty-seven thousand men and women in this state are working today because of what Harry Reid did.  (Applause.)  They’re in clean energy companies, producing solar power and geothermal power and new jobs.  (Applause.)

That's what Harry Reid fought for, but, you know what, his opponent -- she’s got a different way of seeing things.  And if we had had her way, there would be a lot of Nevada families and small businesses right now paying higher taxes.  There would be a lot of small business owners who wouldn't have received those loans to keep their doors open and make payroll.  Those 27,000 jobs, they wouldn't be there today.  All that clean energy work that those companies are doing wouldn't be here today. 

They want to take us backwards.  We want to move forwards.  That's the choice in this election. 

You would have thought -- you would have thought that after this financial crisis -- bear with me here because you might be scratching your head -- you would think that everybody would agree that proper oversight over the financial sector would be the smart thing to do -- just to prevent this from happening again.  We want businesses to thrive.  We want banks to thrive.  But we want to make sure that they’re doing sensible things.  We don't want them selling crazy derivatives that nobody understands.  We don't want them selling subprime mortgages with fine print that result in people losing their homes and entire communities collapsing.  We don't want them overcharging people on their credit cards for hidden fees.

So Harry and I and a bunch of people just tried to put together a sensible bit of reform.  Now, the Republican Leader in the House says, no, we can't do that, we're against that.  He says, having this big financial regulatory reform, that's like killing an ant with a nuclear weapon.  That's what he said.  (Laughter.)  So he thinks the worst crisis since the worst -- since the Great Depression, he analogized to an ant.  It’s like it should be a movie:  The Ant That Ate the Economy.  (Laughter and applause.)

So all the Republicans -- a whole bunch of the Republican leadership fought against Wall Street reform.  There are a handful of Republicans who are supporting it, and we appreciate that.  And they’re pretty much the same handful that have been supporting us on just about everything and they’re good people.  But Harry’s opponent said she’d leave everything exactly the way it is.  The status quo.

Now, I don't believe in the status quo.  Harry Reid doesn’t believe in the status quo.  You don't believe in the status quo.

AUDIENCE:  Nooo!

THE PRESIDENT:  So, thanks to Harry’s leadership, we are about to pass this landmark legislation that will end this era of irresponsibility.  (Applause.)  That's the kind of leadership that you’ll have in place.  That's what he’s fighting for.  That's why you’ve got to send him back for one more term.  (Applause.) 

You go through the list:  health care.  Now, this is an interesting example.  People in Washington, they were all surprised when I said -- well, I said in the campaign I was going to do health care, so, yes, we're going to do health care reform. Applause.)

They said, well, no, this is hard.  This is hard.  You’re going to use up a lot of political capital.  They said the same thing to Harry:  Harry, you’re going to have a tough race.  You don't want to do this.  This is hard.  But we said we were going to do it because we had met too many families out there who, because of a preexisting condition, couldn’t get insurance.  We had met folks working two, three jobs, still couldn’t get insurance.  We’d met too many people who had hit lifetime limits, couldn’t get insurance.  So we said, we’re going to do the right thing.  (Applause.)  And we did it, even though it was hard, because it was the right thing to do.  (Applause.)

Now, not only do the folks in the other party say no to reform, now they say they want to repeal it -- go back to the days when insurance companies could jack up your rates any time they felt like it, or drop your coverage when you get sick.  That's going backwards.  What do you want to do?

AUDIENCE:  Forward!

THE PRESIDENT:  I want to go forward.  But in order to go forward, you got to send Harry for another term as the senior senator from Nevada.  (Applause.)

Look, the bottom line is this:  This is going to be a tough race.  Harry reminds me, he’s never been in an easy race.  That's because he talks softly and says, “well, you know” -- (laughter.) “I don't like to brag about myself.”  (Laughter.)  “I’m from Searchlight.”  (Laughter and applause.)

So Harry is always in a tough race.  He’s just not a flashy guy.   I mean, considering we’re in Vegas, you’d think somebody could give him some tips.  (Laughter.)  You know, spruce up the wardrobe a little bit, take some voice lessons.  (Laughter.)    So he’s always in a tough race.  But ultimately, what you want out of your elected officials is somebody who knows your life, who remembers what it’s like to struggle, so that when we’re making a whole bunch of decisions that continue to face us over the next several months and next several years, that person is going to advocate for you.  He’s going to have you in mind when he’s deciding are we going to have an energy future that is clean and bright, and creating jobs and allowing us to compete?  (Applause.)  Are we going to make sure that young people continue to get the student loans and scholarships they need so we’ve got the best trained workforce in the world?  (Applause.)

Are we finally going to get our budget and our debt under control in a way that doesn’t do it on the backs of working families?  Let me just talk about -- let me talk about this whole debt and deficit thing.  This keeps me up -- this keeps me up at night.  We’ve got serious issues with debt and -- deficits and debt.

Now, keep in mind that we had a surplus -- remember that? -- with the last Democratic President.  Do you remember that?  (Applause.)  But when I walked in, this is right in the middle of this huge crisis, what had been a record surplus was suddenly a $1.3 trillion deficit.  That was when we walked in.  All right?

So we said even though we’re doing all these other things -- even though we’re giving tax cuts, even though we have to make sure that small businesses get loans, even though we are making sure that the economy stays afloat -- despite all that, let’s start taking some steps that over the long term can help control the budget.  So I proposed a three-year freeze on all government spending outside of national security, something that was never enacted by the previous administration.

And then we identified 120 government programs that weren’t working that well, so we said, let’s eliminate those and consolidate and streamline and make them work.  And then I -- then we said, well, let’s form a bipartisan fiscal commission -- an idea of a Republican senator and a Democratic senator, the two leading experts on the budget in the Senate -- let’s go ahead and adopt this proposal to come up with a long-term solution on how we’re going to deal with entitlements and all this stuff.

Now, here’s what happens.  Harry knows this, Harry remember this.  We had seven Republicans who were sponsors of this fiscal commission.  They said we’ve got to deal with the deficit; we’ve got to deal with debt.  So I say, okay, let’s do it.  I make an announcement.  And in front of the entire country I said, I embrace this bipartisan fiscal commission idea.  Let’s get this legislation passed.  I’ll sign it into law.  Next thing you know the seven folks on the Republican side who had been co-sponsors of it voted against it.  Their legislation. 

Now, this is typical.  So, look, I don't want you guys to get bamboozled.  I don't want -- when these folks start running the okeedoke on you, I want you to be clear.  (Laughter.)  When they start intoning about how “we care so much about the deficit and debt,” and “we’re tired of this out-of-control government spending” -- look, these are the folks who delivered to you a structural debt -- deficits that broke the record; turned record surpluses into record deficits.  So this is like a lecture on sobriety from folks who had been spending money like drunken sailors.  (Laughter.)  You don't want to put them in charge.  (Applause.)  You definitely don't want to put them behind the wheel!  (Applause.)  Given their track record, they’ve been weaving on the road when it comes to fiscal responsibility!  That's part of the reason they drove us into the ditch!  Don't give them the keys back!  (Applause.) 

You got to make sure that Harry Reid is in a position to look after you when we make these difficult debates.  So here’s my hope.  This is going to be close election.  Everybody here I expect will vote for Harry.  (Applause.)  That's good.  Everybody here will vote for Harry.  A couple of you who won’the -- you know because you’re scouting out what we’re saying -- (laughter) -- that's okay.  That's part of politics.  And then the other two of you who thought this was how you got to the slots.  (Laughter.)  But all the rest of you, you’re going to all vote for Harry Reid. 

But it’s not enough for you just to vote for him.  I need you to work for him.  (Applause.)  I need you to knock on doors for him.  I need you to make phone calls for him.  (Applause.)  Don't do it for me.  Do it for you.  More importantly, do it for your children, and do it for your grandchildren.  (Applause.)  And do it because -- do it because despite the storm clouds we’ve been going through, you see out in the horizon a future that's bright.  You see a future where we’re no longer relying just on dirty energy and expensive energy, but clean energy.  And it’s creating jobs all across Nevada.  We’re harnessing the sun and the wind. 

You see a future where every child in Nevada has a world-class education, and they're getting the jobs of the future.  You see a future where health care is available for every American, and we’re driving the costs of health care down for every American.  (Applause.)

And you see a future where we’re respected around the world. And you see a future where you can retire with dignity and respect.  (Applause.)  And you see a future where our air and water is clean.  (Applause.)  And you see a future where the 21st century is just like the 20th century -- it is the American century.  (Applause.) 

And you know in your heart of hearts, the only way that's going to happen is if we make sure that leaders with the integrity and honesty and the willingness to take tough decisions like Harry Reid are sent back to Washington to fight for you.  I need you to work for Harry Reid.  (Applause.) 

And if you do, then our future is, indeed, bright, and Nevada’s future is bright.  And Las Vegas’ future is bright.  Thank you very much, everybody.  God bless you.  God bless the United States of America.  (Applause.)

END
7:10 P.M. PDT

The White House

Office of the Press Secretary

Declaraciones del Presidente sobre la Economía

Smith Electric Vehicles
Kansas City, Missouri

12:13 P.M. CDT

EL PRESIDENTE: Hola a todos. Es un gusto verlos. (Aplausos.) No es necesario que hagan eso. Es un gusto verlos. Muchas gracias. Gracias. Muchísimas gracias. Todos… todos tomen asiento.

Generalmente me anuncian con algo elaborado, y creo que metí la pata… simplemente salí caminando. (Risas.) O sea que espero que no les importe. Pero si desean, al salir, podemos tocar Ruffles and Flourishes y todo lo demás.

Quiero, antes de comenzar, mencionar a ciertas personas que han hecho una fabulosa labor a favor de esta región y también una maravillosa labor a favor del país. En primer lugar, uno de los mejores gobernadores que tenemos en Estados Unidos de Norteamérica, el gobernador Jay Nixon. (Aplausos.) Una de no sólo mis senadores preferidos, sino de mis personas preferidas y una gran amiga mía que lucha todos los días por el bien de la gente de Missouri, la senadora Claire McCaskill. (Aplausos.)

Contamos con la presencia de dos sobresalientes miembros del Congreso, uno de este lado y otro del otro lado: el congresista Emanuel Cleaver… (aplausos)… y el congresista Dennis Moore. (Aplausos.)

Y finalmente, sólo quiero mencionar a toda la gente maravillosa de Smith Electric Vehicles y su energético y sobresaliente personal.

Es fabuloso estar aquí, y no me voy a demorar mucho. Sólo quiero dedicar un tiempo a darles la mano y agradecerles por el gran trabajo que han hecho. Acabo de tener la oportunidad de realizar un recorrido y ver algunos de los camiones a batería que están fabricando. Tuve la oportunidad de hablar con algunas de las personas que los producen. Pero la razón por la que estoy hoy aquí es porque, en esta planta, están haciendo más que simplemente fabricar vehículos nuevos. Están ayudando a que salgamos de una recesión viciosa y están forjando la economía del futuro de Estados Unidos.

Ahora bien, no es fácil. Hemos pasado por la peor situación económica que hemos tenido desde la Gran Depresión. Y esta recesión fue la culminación de una década de irresponsabilidad… una década en la que pareció que les caía un gran mazo a las familias de clase media. Durante gran parte de los últimos 10 años, la gente ha enfrentado ingresos estáticos, el aumento vertiginoso del costo del seguro médico, el aumento vertiginoso de las matrículas universitarias y cada vez menos seguridad económica. Y todo esto llegó a un punto crítico en una crisis financiera masiva que hizo que nuestra economía se fuera en picada y que eliminó 8 millones de empleos estadounidense, entre ellos muchos en esta comunidad.

Por eso, fue durante esta crisis que mi gobierno se inició y tuvimos que tomar decisiones difíciles en un momento muy precario para evitar una Gran Depresión, para asegurarnos de que no hubiera un colapso total en nuestro sistema financiero. Fue un momento de alteraciones en el mercado y en que perdimos 750,000 empleos al mes.

Algunas de las decisiones que tomamos no fueron muy populares en ese momento… y algunas de ellas posiblemente sigan siendo poco populares ahora. Pero tomamos esas decisiones porque debíamos ponerle fin a la caída en picada. Y debido a que tomamos esas difíciles decisiones, nuestra economía está en otra situación ahora de lo que estaba hace apenas un año.

Una de esas decisiones fue proporcionar importantes fondos a empresas innovadoras y con promesa como Smith Electric Vehicles. Y debido a que lo hicimos, tenemos aquí una empresa próspera en vez de un almacén vacío y oscuro. Debido a la subvención que se le otorgó a esta compañía, podemos oír el sonido de las máquinas en marcha y la gente que hace su trabajo, en vez de simplemente el silencio espectral de un edificio desocupado y el recuerdo de trabajadores víctimas de recortes de personal hace un tiempo.

Y tomamos ese tipo de decisión en todo Estados Unidos el año pasado. Y nos guió una idea simple: El gobierno no tiene todas las respuestas. A fin de cuentas, el gobierno no genera todos los empleos. El gobierno solo no puede garantizar el crecimiento. Pero lo que el gobierno puede hacer es sentar las bases para que las pequeñas empresas se expandan y prosperen, para que los empresarios pongan negocios y prueben nuevos productos, para que los trabajadores reciban la capacitación que necesitan y para que las familias logren cierta medida de seguridad económica. Y esa función es especialmente importante en un difícil momento económico.

Y por eso, cuando se inició mi gobierno, recortamos los impuestos de inmediato… correcto. Por la manera en que habla la gente, es difícil darse cuenta de ello, pero recortamos los impuestos de familias trabajadoras y dueños de pequeñas empresas en todo Estados Unidos para ayudarlas a sobrellevar la tormenta. Por medio de nuestros préstamos a pequeñas empresas y nuestra atención a la investigación y el desarrollo, y nuestra inversión en sectores de alta tecnología y rápido crecimiento como la energía limpia, estamos ayudando a acelerar nuestra recuperación, aprovechando el talento y dinamismo y el espíritu innovador del pueblo estadounidense. Entonces, nuestro objetivo nunca fue crear otro programa gubernamental; nuestro objetivo ha sido propiciar el crecimiento del sector privado.

Por ejemplo, aquí mismo en Smith, acaban de tener una ocasión importante –la contratación del quincuagésimo empleado— y sé que van por buen camino para contratar a 50 más. Y estamos viendo cosas similares en todo Estados Unidos, con incentivos e inversiones que están produciendo turbinas eólicas y paneles solares. Estamos viendo inversiones en enseres domésticos y materiales de construcción de consumo eficiente de energía, y en tecnología avanzada de baterías y vehículos de energía limpia.

Entonces, para darles solamente un par de ejemplos, apenas la semana pasada, Abound Manufacturing en Colorado recibió respaldo para dos plantas para la producción de paneles solares. Esto generará 2,000 empleos de construcción y 1,500 empleos permanentes. Una de las plantas en efecto ocupará lo que ahora es una fábrica vacía de un proveedor de Chrysler. Otra compañía, llamada Abengoa Solar, ahora está planeando construir una de las más grandes plantas solares aquí mismo en Estados Unidos. Y cuando se concluya, en esas instalaciones estará la primera planta solar a gran escala de Estados Unidos que, en efecto, pueda almacenar la energía que genera para usarla posteriormente, incluso de noche.

Con todo, tenemos previsto que tan sólo las inversiones en energía generen 700,000 empleos en los próximos años. Y esto no sólo va a impulsar nuestra economía a corto plazo, sino que va a sentar las bases para una plataforma para el futuro. Va a crear oportunidades año tras año tras año, década tras década tras década, a medida que compañías como Smith, que comienzan desde abajo, se pongan a realizar expansiones. Y acabo de hablar con su CEO y dice que quiere abrir hasta 20 de éstas en todo el país, para que en cada región pueda prestar servicio… Smith va a poder brindar servicio a sus clientes, y éstos van a tener la seguridad de que Smith siempre va a estar a su disposición, asegurándose de que la satisfacción del cliente y el desempeño siempre sean altos.

Les doy otro ejemplo. Hace apenas unos años, Estados Unidos tenía la capacidad de fabricar apenas 2 por ciento de las baterías de avanzada del mundo para vehículos eléctricos e híbridos como los de Smith… 2 por ciento, eso era todo. Constituimos 25 por ciento de la economía del mundo y sólo estábamos produciendo 2 por ciento de las baterías avanzadas del mundo.

Pero gracias a nuestra atención a la energía limpia y el trabajo que está teniendo lugar en plantas como ésta, podríamos tener hasta 40 por ciento del mercado mundial para el 2015… en cinco años. Eso significa empleos. Pero también significa que vamos a contar con experiencia y conocimientos sobre un sector que simplemente va a seguir creciendo en todo el mundo durante varios años. Entonces, en conjunto, todos estos esfuerzos están teniendo un impacto.

Hace un año y medio, nuestra economía se estaba reduciendo 6 por ciento al año; ahora está creciendo. Había una hemorragia de empleos en la economía. Ahora hemos creado empleos en el sector privado, hemos agregado empleos en el sector privado durante seis meses consecutivos.

Ahora bien, obviamente los logros que estamos alcanzando no son suficientes ni mucho menos para revertir todo el daño hecho como consecuencia de la crisis económica. Aún hay cinco trabajadores desempleados por cada puesto vacante. Aún hay demasiadas tiendas vacías en las calles principales de todo Estados Unidos. Y he dicho desde que asumí el mando que mi gobierno no descansará hasta que todo estadounidense que pueda y esté listo y dispuesto a trabajar pueda encontrar empleo, un empleo que pague un salario decente y tenga beneficios decentes para mantener a una familia.

Aún no hemos alcanzado ese punto. Nos queda mucho camino por recorrer. Pero lo que está absolutamente claro es que vamos en el sentido correcto. Vamos en el sentido correcto. Y eso… la manera más segura de sobrellevar esta tormenta es ir hacia adelante, no hacia atrás. Hay personas que alegan que deberíamos abandonar algunos de estos esfuerzos… algunas personas que hacen el cálculo político que es mejor decirle no a todo que ayudar a solucionar el caos en el que hemos estado.

Pero mi respuesta a quienes no tienen confianza en nuestro futuro, que quieren parar… mi respuesta es vengan aquí a Kansas City. Vengan a ver lo que está sucediendo con Smith Electric. Creo que no podrían decirles a ustedes que no están en mejor situación de lo que estarían si no hubiéramos hecho inversiones en esta planta.

Las personas negativas deben recorrer Estados Unidos y conocer a las personas que he conocido en lugares como Navistar en Indiana, donde se está contratando a gente para fabricar nuevos camiones eléctricos; o Siemens Wind Power en Iowa, donde están produciendo turbinas eólicas en una fábrica que solía estar vacía, como ésta; o Celgard, que es una compañía de tecnología de baterías en Carolina del Norte que contrató a más de 50 personas debido a las inversiones que hicimos, o Poet Biorefinery aquí en Missouri, que está poniendo a la gente a trabajar en la generación local de energía.

También deben hablar con todos los dueños de pequeñas empresas que han recibido recortes tributarios para pagar sus planes de salud y nuevos préstamos de la Dirección de Pequeñas Empresas (Small Business Administration o SBA) para realizar expansiones o mantener sus puertas abiertas, y eso incluye decenas de millones de dólares en préstamos para compañías aquí mismo en Kansas City.

O deben hablar con las cuadrillas que están reconstruyendo todas las carreteras o vías ferroviarias para nuevas líneas, lo que incluye proyectos de caminos que están poniendo a cientos de personas a trabajar en esta zona. Deben hablar con los científicos que están trabajando día y noche para crear tecnologías y encontrar curas con el potencial de mejorar nuestra economía y nuestra salud y nuestro bienestar.

Y quizá quieran hablar con los maestros cuyos puestos no se recortaron debido a la ayuda que le dimos con su presupuesto al estado de Missouri, quienes van a enseñarles a nuestros niños y van a tener el incentivo de reformar nuestra manera de hacer las cosas para que contemos con el mejor sistema de educación del mundo y tengamos el más alto número de gente que estudia en instituciones comunitarias de enseñanza superior o universidades de cuatro años de estudios que cualquier otro lugar en el mundo.

Es así que vamos a hacernos cargo de nuestro destino. Es así que vamos a generar empleos y crear crecimiento perdurable. Es así que vamos a asegurar que Estados Unidos no simplemente se las arregle o quizá se recupere al punto en que nos encontrábamos, sino que más bien prospere… que este país sea el líder de las industrias del futuro.

Es decir, han sido momentos difíciles para Estados Unidos: dos años de brutal recesión, una década de inseguridad económica. Y habrá días difíciles por delante. Es cierto. Nos tomará un tiempo salir de este hoyo. Pero lo que ustedes están probando aquí, cada uno de ustedes que trabaja aquí en Smith Electric, es la promesa de un futuro más brillante. Lo que están probando es que si nos aferramos a ese espíritu empresarial y de innovación que siempre ha definido a Estados Unidos, no sólo vamos a salir de este periodo turbulento, sino que vamos a salir con más solidez que nunca antes.

   Están probando que mientras sigamos avanzando, nadie nos puede detener. Y por ello quiero darles las gracias. Está creando un modelo de lo que necesitamos hacer en todo el país.

O sea que felicitaciones. Muchas gracias. (Aplausos.)

The White House

Office of the Press Secretary

Remarks by the President at Grassroots Event for Senate Candidate Robin Carnahan

Folly Theater, Kansas City, Missouri

2:23 P.M. CDT

THE PRESIDENT:  Hello, Kansas City!  (Applause.)  Thank you. Thank you.  It’s a nice-looking crowd.  Thank you so much, everybody.  (Applause.)  Thank you so much.  Thank you.  Thank you, everybody.  Everybody have a seat.  Everybody have a seat.  I'm going to take off my jacket -- it’s a little warm in here.  (Applause.)  Hello, everybody!  It is good to be back in Kansas City.  (Applause.)  Good to be back. 

I've got some wonderful friends here in Kansas City --

AUDIENCE MEMBER:  Yes, we can!

THE PRESIDENT:  Yes, we can.  (Applause.) 

Some of you know, my mom was from Kansas.  (Applause.)  Just met a cousin I'd never met before.  (Laughter.)  I did.  Nice person, nice family.  I've got some old friends who are here -- not old in years, but have been just terrific working alongside me -- Congressman and former mayor, Emanuel Cleaver is in the house.  (Applause.)  Congressman Dennis Moore is here.  (Applause.)  Attorney General Chris Koster is here.  (Applause.) One of my earliest supporters in Missouri, State Auditor Susan Montee is here.  (Applause.)  And Jackson County executive Mike Sanders is here.  (Applause.)  And all of you are here.  (Applause.) 

And the next senator from the great state of Missouri is here, Robin Carnahan.  (Applause.)  And the Royals have won a few games.  (Applause.) 

Now, Missouri is the “Show Me” state, has a long tradition of no nonsense, independent leaders going to Washington -- Harry Truman.  (Applause.)  My great friend, Claire McCaskill.  (Applause.)  And some wonderful Missourians who go by the name of Carnahan.  (Applause.) 

Robin is cut from this mold.  She’s not going to Washington to look good -- although she does look good -- (laughter) -- to be on a bunch of cable shows and represent the oil industry or the insurance industry or the big banks on Wall Street.  That's not why she wants to go.  She’s not even going there to represent Democrats, although she’s a strong Democrat.  She’s not going there to represent me, although she’s a great friend.  She’s going to Washington for only one reason -- to represent one constituency, and that is the people of Missouri.  She will call them like she sees them, and she sees them the way you do and the way most Missourians do.  (Applause.)

Think about her background:  small business owner, still runs the family farm, just outside of Rolla.  That's why, as your Secretary of State, she has been looking out for you, because she knows what your lives are like.  Cut red tape for small businesses, save small business owners millions of dollars so they could focus on growing their companies and adding to their payroll, creating jobs.  When she got elected, she decided, I’m going to stand up for consumers -- got $10 billion back for the people of Missouri who were being taken advantage of by big institutions.  (Applause.)  That's real money.  That's real money. 

She worked with Democrats and Republicans to pass one of the strictest laws to make sure that seniors weren’t victimized by fraud.  (Applause.)  She’s got a track record of looking out for the people of Missouri, and that's why Missouri needs to send her to Washington so she can fight for you -- (applause) -- so she doesn’t forget you.  (Applause.)  So she’s not wining and dining and going to the fancy cocktail parties and then coming back and acting like she’s been here the whole time.  (Applause.) 

Robin’s tough.  And you’ve got to have tough leaders in Washington because, first of all, the other folks call you a lot of names.  (Laughter.)  They’ll just make up stuff about you.  (Laughter.)  Make it up.  But you got to be tough because these are also tough times for America. 

Eighteen months ago when I took office, we had already gone through a decade of economic policies that had resulted in stagnant incomes, and the average wage of the average worker in America actually went down when you adjusted it for inflation during the previous 10 years before I had gotten elected.  So falling or stagnant incomes, sluggish job growth, record deficits -- that's what we have been going through.  And they culminated  -- these policies culminated in the worst crisis we’ve had since the Great Depression. 

Think about that.  The Great Depression happened a long time ago -- 1930s; haven’t seen anything this bad, as a consequence of economic policies that had been put in place.  Three million Americans lost their jobs in the last six months of 2008.  The month I got sworn in, in January, we lost 750,000 jobs that month.  And these aren’t just numbers.  Those are real folks, wondering if they can pay the mortgage, wondering if they can pay the bills, feeling desperate, some of them feeling embarrassed because maybe they can’t look after their families the way they wanted to.  Everybody in this room was touched by this crisis.  You definitely know somebody who was.

Now, these policies were pretty straightforward.  They were all spelled out.  Sometimes they put fancy names on them like the Ownership Society, or -- you remember that?  But we know what the policies were:  You cut taxes for the richest people who don't need tax cuts and weren’t even asking for them.  Warren Buffet got real big tax cuts that whole time.  Then you cut rules and regulations for the most powerful corporations, whether it’s big banks on Wall Street or big oil companies who are operating in the Gulf.  And then you basically say to everybody else, you're on your own.

AUDIENCE MEMBER:  That's bull!  (Laughter and applause.)

THE PRESIDENT:  But that was the philosophy, right?  You don't have health insurance?  Tough luck, you're on your own.  Can't afford to send your kid to college?  Tough luck, on your own. 

Now, I think we all know these policies were bad for the people of Missouri.  They were bad for workers.  They were bad for responsible businesses, because it put those responsible businesses at a disadvantage.  If you're following rules and other folks aren’t, if you're a local small-town banker and you're doing what you're supposed to be doing, lending for businesses, helping people create jobs, and the next thing you know somebody has gone on some cockamamie scheme with derivatives -- that's not good for you.  These policies are bad for America. 
And that's why, when I was sworn in, we took a different path.  The first thing we had to do was to stop the freefall right away.  And then we had to rebuild the economy for the long run.  And our policies have been pretty straightforward.  We didn’t raise taxes, we cut taxes for 95 percent of working families and for small business owners -- because that was the right thing to do. (Applause.)  Putting money in people’s pockets, making sure business owners could make payroll. 

We made sure that Wall Street banks and other big corporations played by the same rules as small businesses and small banks.  Everybody plays by the same rules.  That's not -- that wasn’t anti-business; that's pro-business.  It’s pro-free market -- to make sure everybody is following the rules, and there’s transparency and accountability and responsibility. 

And then we decided we're going to invest in America’s people and in our future -- because we knew we couldn't go back to pretending like everything was okay by maxing out our credit cards, and taking out more and more home equity loans, and got a housing bubble that's keeping everything afloat -- we knew we weren’t going to be able to go back to that.  So we had to invest in our long-term future:  the skills and education of our workforce; research in clean energy technologies that can create new jobs and industries; and make us -- make sure we can compete in the 21st century -- that was our vision for America.  That's what we talked about during the campaign, and that's what we started to deliver on. 

And we knew from the very beginning that some of the steps we took would be difficult and unpopular.  You know, sometimes these pundits, they can't figure me out.  They say, well, why is he doing that?  That doesn’t poll well.  Well, I've got my own pollsters, I know it doesn’t poll well.  (Laughter.)  But it’s the right thing to do for America.  And so we go ahead and do it. (Applause.)

That's why stuff in Washington doesn’t get done -- because people put their finger out to the wind.  And they say, I don't know, which way is the wind blowing?  (Laughter.)  So all these folks who were all for a bunch of earmarks for everybody, spending all this money, suddenly -- “oh, no, I'm for deficit cutting” -- because the polls changed.  Folks don't mean what they say, and don't do what they say.

People get surprised when we follow through and keep our campaign promises.  It’s like, well, he went ahead and did health care.  Why did he do that?  (Laughter.)  I said I was going to do health care.  It was the right thing to do.  (Applause.)  I made a commitment to you.  We said we would do something; we did it.  (Applause.) 

AUDIENCE MEMBER:  Yes, we did!

THE PRESIDENT:  Yes, we did.  (Applause.)  And we're still doing it. 

We knew that it would take years to dig ourselves out of the hole that we found ourselves in.  And that’s longer than any of us would like.  But here’s what I also know:  An economy that was shrinking, it’s been growing for the better part of a year.  (Applause.)  An economy that was losing jobs, we’ve now had six consecutive months of private sector job growth -- 600,000 private sector jobs.  (Applause.) 

It’s not enough.  There are still folks out of work.  But we are moving in the right direction.  And I know when Robin Carnahan gets there, she’s going to help us keep on moving in the right direction.  That’s why I need you to elect Robin Carnahan. (Applause.)

You’re going to face a choice in November, and I want everybody to be very clear about what that choice is.  This is a choice between the policies that got us into this mess in the first place, and the policies that are getting us out of this mess.  And what the other side is counting on is people not having a very good memory.  (Laughter.)  Think about it.  I mean, they’re not making any new arguments.  They’re not coming back and saying, you know what, we really screwed up, but we’ve learned our lesson and now we’ve got this new approach and this is how things are going to turn out really well.  That’s not their argument.  They are trying to sell you the same stuff that they’ve been peddling --

AUDIENCE MEMBERS:  No!   

THE PRESIDENT:  I'm just saying.  (Laughter.)  They are peddling that same snake oil that they’ve been peddling now for years.  And somehow they think you will have forgotten that it didn’t work.

AUDIENCE MEMBER:  Kick them out!

THE PRESIDENT:  Well, we did kick them out, because it wasn’t working.  (Applause.)  You know, the -- I don’t have teenagers yet -- Malia’s just turned 12 -- (laughter) -- say good luck, huh?  (Laughter.)  She’s my baby.  She’s going -- (laughter) -- even though she’s 5’9” now, she’s still my baby.  And she just got braces, which is good, because she looks like a kid and she was getting -- she’s starting to look too old for me. (Laughter.) 

But I digress.  What was my point?  (Laughter.)  Here was my point.  I don’t have a teenager yet, but in a couple years, Malia is going to be able to drive -- right?  She gets -- that’s what happens with teenagers, right, they go get the learners permit, they -- now, if your teenager drives into a ditch, your car, bangs it up, you’ve got to pay a lot of money to get it out -- what do you do?  You take the keys away.  (Laughter.) 

These folks drove the economy into a ditch, and they want the keys back.  (Applause.)  And you got to say the same thing to them that you say to your teenager:  You can’t have the keys back because you don’t know how to drive yet.  (Applause.)  You can’t have the keys.  (Applause.)  You can’t have them.  Maybe you take a remedial course.  (Laughter.)  I'll take you out to the parking lot and you can drive in circles.  (Laughter.)  But we’re not going to let you out on the open road.  You can’t drive.  (Laughter.) 

And by the way, Robin’s opponent, he wasn’t just along for the ride.  He was the guy -- one of the guys with his hand on the wheel when it drove into the ditch.  (Applause.)  He’s the guy who gave tax breaks to billionaires.  He’s the guy who gave tax breaks to oil companies.  He’s the guy who wanted to deregulate and eliminate oversight for Wall Street.  And that’s who he still works for, how he makes his money.

So we know how this movie ends, right?  We don’t want to see it again.  (Laughter.)  We’ve seen this one.  They’re trying to run the okeedoke on you.  (Laughter.)  Trying to bamboozle you.  That made you laugh -- okeedoke.  You remember that?  (Laughter.) 
But that's what they're trying to do.  They run these ads thinking, well, we might be able to fool them one more time.  This might work again.

It’s not going to work.  We don't have to guess how the other party will govern because we’re still living with the results from the last time.  (Applause.)  They are still singing from the same hymnbook. 

Right after I took office, we passed an economic plan, cut taxes for 2 million families here in Missouri -- (applause) -- didn't raise taxes, cut taxes for 2 million -- because that's what was necessary to give the economy a boost.  It provided 1,500 loans to Missouri’s small businesses so they could keep their doors open, extended unemployment benefits for 170,000 Missourians who had lost their jobs through no fault of their own.  (Applause.)  Fifty-five thousand men and women in this state are working because of this plan.  Jay Nixon didn't have to lay off as many teachers or police officers or firefighters because of this plan. (Applause.) 

I was just over at Smith Electric Vehicles -- very cool plant right out at the airport.  They are making these electric trucks, cutting-edge stuff.  And 50 new employees there, making these brand, spanking-new electric trucks that are being used by companies like Frito-Lay and PepsiCo.  Those folks wouldn’t have a job if it hadn’t been for the fact that we decided we need to invest in clean energy all across America.  (Applause.)  All across America.  (Applause.)

You know what?  The other party, they said no to all this.  Just said no, we’re not going to do it.  So those 50 workers at Smith Electric would not have a job making electric trucks that are going to lead us into the future.  A whole bunch of teachers would be out of work; the economy would still be in the ditch.

They say no to everything.  Don't they, though? 

AUDIENCE:  Yes!

THE PRESIDENT:  Everything.  And I go and I talk to them and I say, come on, we can -- we can get something going here.  No!  (Laughter.)  Don't want to. 

We decided, you know what, since this financial crisis wrecked havoc, cost the American people trillions of dollars of wealth, retirees see their 401ks plunge, businesses suddenly shuttered, you know it might be smart for us to try to prevent this from happening again.  Right?  That's some common sense.  (Applause.) 

So we craft very carefully this financial regulatory bill to make sure that consumers are protected from predatory loans and credit card abuses; to make sure that we never have another taxpayer bailout because we can shut down one firm without -- and quarantine it so it doesn’t affect all the other firms -- we put tons of work into this thing, consult with everybody.  What does the other side say?

AUDIENCE:  No!

THE PRESIDENT:  No.  The leader of the Republican Party in the House of Representatives, John Boehner, he says, well, we don't need all this.  This is like using a nuclear weapon to kill an ant.  The worst crisis since the Great Depression he calls an ant.  You got to make a movie:  The Ant That Ate the Economy.  (Laughter and applause.)  An ant. 

We just -- we thought that it made sense for us to do something about Wall Street, but they don’t.  I think most Missourians want to see something done.  So does Robin Carnahan. (Applause.)  That’s why you need to send her to the Senate instead of the other guy, because she gets it.  She understands what you’ve been going through, and this is not a game to her.  These are real lives at stake. (Applause.) 

We said during the campaign, you know what, our future is going to depend on education.  And we’ve got to get back to the point where we send more people to college than any other country.  (Applause.)  That’s a goal I set for 2020 -- I want the most college graduates here in the United States than in any country in the world.  (Applause.)

Now, some of that means making sure parents are parenting, turning off the TV set, instilling a sense of excellence in our kids.  Xbox, PlayStation, you just got to put those away for a while.  Hit the books.  Do your math.  Read.  But even students who do well, a lot of them can’t afford to go to college.

So what did we do?  We decided, you know what, as part of our overall education reform -- raising standards, initiating reforms -- here’s what we’ll do.  The government student loan program was going through banks and financial intermediaries, middlemen, and they were siphoning off billions of dollars in subsidies.  Now, the loans were guarantee, so they weren’t taking any risk.  They were just taking the money. 

So we said, you know what, we’ll eliminate the subsidies.  And that will give tens of billions of dollars in additional money to student loans.  (Applause.)  We passed that bill.  One million more students are getting student loans now, financial aid, because of what we did.  (Applause.)  You know what the other side said?  No.  Said no.  How do you say no to that?  But they did.  Got no support for it.

Robin Carnahan understands that young people need help getting to college.  That’s why you need to send her to the Senate, not the other guy.  (Applause.)  Because she knows what your life is like, she knows what you’re going through.  (Applause.) 

Most recently, obviously, we’ve had this oil spill -- an environmental disaster.  And it’s going to take some time for us to clean it up.  But the first thing that we could do was to say all those fishermen down there, all those small business owners who’ve got maybe a little restaurant, they rely on tourist season -- we’ve got to make them whole.  BP has got to pay.  (Applause.)

And so we -- so I met with BP.  I want BP to do well because obviously their ability to pay depends on them staying solvent.  But I said to them, do right by these folks.  And they agreed to put together a $20 billion fund to make sure that everybody was being compensated.  Seems pretty sensible, doesn’t it?  (Applause.)  I mean, I know you’re a friendly crowd, but even if you weren’t a friendly crowd, you’d kind of say, well, that makes sense, right?  They caused this big disaster and they pay the people who’ve been hurt by it. 

So I’ve got the House Republican chairman of the Energy Committee, who has jurisdiction over the oil companies -- he, in a hearing, says to them, “I apologize that the President strong-armed you, Chicago-style.”  (Laughter.)  I apologize -- I think this is a tragedy that you are being made to compensate these folks.  Really?  I mean, when I heard that I was -- I said, no, he didn’t say that.  (Laughter and applause.)  No.  He didn’t say that.  (Laughter.)  But he did.  Because they don’t think in terms of representing ordinary folks.  (Applause.)  That’s not their orientation. 

So that’s the choice that we face in this election.  You’ve got the Bartons and the Boehners and the Blunts.  They’ve got that “no” philosophy, that “you’re on your own” philosophy, the status quo philosophy -- a philosophy that says everything is politics and we’re just going to gun for the next election, we don’t care what it means for the next generation.  And they figure if they just keep on saying no, it will work for them, they’ll get more votes in November -- because if Obama loses, they win; if we can stop him then we’ll look better.

But that’s not what’s going to lead our country out of this mess that we’re in.  That just takes us backwards.  We need to move forward.  Robin Carnahan wants to move forward.  (Applause.) Missouri wants to move forward.  America wants to move forward.  That’s the choice in this election -- moving backward or moving forward. 

And if you fight for Robin Carnahan, and if you work for Robin Carnahan, then I guarantee you that she will make sure that America moves forward, and Missouri moves forward, and people are put back to work, and we are building a clean energy future, and we are making sure that small businesses are prospering.  That’s what we’re fighting for.  That’s what you are fighting for.  Let’s make this happen, Missouri. 

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

END
2:54 P.M. CDT