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Office of the Press Secretary

President Obama Nominates Gregg Jeffrey Costa to Serve on the US District Court

WASHINGTON- Today, President Obama nominated Gregg Jeffrey Costa to serve on the United States District Court for the Southern District of Texas.

“Gregg Jeffrey Costa is a distinguished individual who has demonstrated an unwavering commitment to justice throughout his career,” said President Obama. “I am grateful for his decision to serve the American people from the District Court bench.”

Gregg Jeffrey Costa:  Nominee for the United States District Court for the Southern District of Texas
Gregg Jeffrey Costa has been an Assistant United States Attorney in the Southern District of Texas since 2005. He previously worked as an associate at the law firm of Weil, Gotshal & Manges LLP in Houston from 2002 to 2005. From 2001 to 2002, he served as a law clerk to the Honorable William H. Rehnquist, Chief Justice of the United States. The previous year, he was a Bristow Fellow at the Office of the Solicitor General in the United States Department of Justice. From 1999 to 2000, Costa served as a law clerk to the Honorable A. Raymond Randolph of the United States Court of Appeals for the District of Columbia Circuit. Costa received his J.D. with highest honors in 1999 from the University of Texas School of Law, where he served as Editor in Chief of the Texas Law Review, and his B.A. in 1994 from Dartmouth College. Prior to attending law school, he taught elementary school from 1994 to 1996 in Sunflower, Mississippi through the Teach for America program.

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Office of the Press Secretary

President Obama Nominates Stephanie Dawn Thacker to Serve on US Circuit Court of Appeals

WASHINGTON- Today, President Obama nominated Stephanie Dawn Thacker to serve on the United States Court of Appeals for the Fourth Circuit.

"Stephanie Dawn Thacker has displayed exceptional dedication to the legal profession through her work and I am honored to nominate her to serve the American people as a judge on the United States Court of Appeals,” President Obama said. "She will be a diligent, judicious and esteemed addition to the Fourth Circuit bench."

Stephanie Dawn Thacker:  Nominee for the United States Court of Appeals for the Fourth Circuit
Stephanie Dawn Thacker is currently a partner at the law firm of Guthrie & Thomas PLLC, located in Charleston, West Virginia, where she specializes in complex litigation, environmental and toxic tort litigation, and criminal defense.  She also teaches as an adjunct professor at the West Virginia University School of Law.

Thacker was raised in Hamlin, West Virginia.  She received her B.A. magna cum laude from Marshall University in 1987, and her J.D. from the West Virginia University School of Law in 1990, where she graduated Order of the Coif.  After graduating law school, Thacker spent two years in the Pittsburgh office of the law firm of Kirkpatrick & Lockhart (now K&L Gates).   In 1992, after working briefly in the West Virginia Office of the Attorney General, Thacker joined the law firm of King, Betts & Allen.

In 1994, Thacker joined the United States Attorney’s Office for the Southern District of West Virginia, serving as an Assistant United States Attorney in the General Criminal Division, where she handled a wide range of criminal prosecutions.  While at the United States Attorney’s Office, Thacker participated in the first prosecution in the country under the Violence Against Women Act.

In 1999, Thacker moved to Washington, D.C. to work as a Trial Attorney at the Child Exploitation and Obscenity Section (“CEOS”) of the United States Department of Justice.  Her work there focused on prosecution and training in connection with child pornography, child sexual exploitation, sex trafficking, sex tourism, obscenity, and criminal non-support offenses.  During Thacker’s seven-year tenure in the Section, she spent two years as the Deputy Chief of Litigation and two years as Principal Deputy Chief.  While at CEOS, Thacker was awarded the Attorney General’s Distinguished Service Award, the Department of Justice’s second-highest award.  Thacker left the Department of Justice and joined Guthrie & Thomas, the successor firm to King, Betts & Allen, as a partner in 2006.

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Office of the Press Secretary

Guest List for the First Lady's Box at the President’s Address to Congress

Jeffrey Immelt
Jeffrey R. Immelt is the ninth chairman and CEO of GE, a post he has held since September 7, 2001. Immelt currently serves as the chairman of the President’s Council on Jobs and Competitiveness.  Immelt has held several global leadership positions since coming to GE in 1982, including roles in GE’s Plastics, Appliance, and Medical businesses. In 1989 he became an officer of GE and joined the GE Capital Board in 1997. In 2000, Immelt was appointed president and chief executive officer.  Immelt has been named one of the “World’s Best CEOs” three times by Barron’s, and since he began serving as chief executive officer, GE has been named “America’s Most Admired Company” in a poll conducted by Fortune magazine and one of “The World’s Most Respected Companies” in polls by Barron’s and the Financial Times.  Immelt is also a member of The Business Council, and he is on the board of the New York Federal Reserve Bank.  Mr. Immelt earned a B.A. degree in applied mathematics from Dartmouth College in 1978 and an M.B.A. from Harvard University in 1982. He and his wife have one daughter.

Steve Case
Steve Case, currently chairman & CEO of Revolution LLC and chairman of the Startup America Partnership, is one of America’s most accomplished entrepreneurs and philanthropists. Steve co-founded America Online in 1985, and under his leadership, AOL became the world’s largest and most valuable Internet company. In 2005, Steve founded Revolution LLC, focused on investing in and building disruptive, innovative, consumer-facing companies such as Zipcar, LivingSocial and Exclusive Resorts.  Earlier this year at the White House, Case helped launch the Startup America Partnership, an independent private-sector coalition delivering strategic and substantive resources to help entrepreneurs start and scale companies across the U.S., in response to the President’s call to action.  Case also serves as a co-chair of the National Advisory Council on Innovation and Entrepreneurship, and is a member of the President’s Council on Jobs and Competitiveness, where he co-chairs the working group on high-growth companies. In addition, Steve chairs the Case Foundation, which seeks to tap new technologies and entrepreneurial approaches to help strengthen the social sector.

Darlene Miller
Darlene Miller is a small business owner and CEO of Permac Industries, a precision machining company custom manufacturing precision parts for customers worldwide in virtually all industries located in Burnsville, Minnesota. Miller currently serves as a member of the President’s Council on Jobs and Competitiveness.  She started working as a Sales Representative at Permac in 1992, became part owner in 1993 to 100% ownership of the company in 1994. Under Miller’s leadership Permac Industries was named the U.S. Chamber Small Business of the Year for the entire USA in 2008. Miller is currently a member of the U.S. Chamber Board of Directors and Advisory Council, board of directors for PMPA and MPMA (Manufacturing Trade Associations), and the Minnesota Valley Medical Manufacturers network (MEDNET), which she co-founded in 2006. 

Kenneth Chenault
Kenneth Chenault is the Chairman and CEO of American Express Company.  Ken Chenault joined American Express in September 1981 and assumed his current responsibilities as CEO and Chairman in 2001. Chenault currently serves as a member of the President’s Council on Jobs and Competitiveness. Chenault serves on the boards of American Express and several other corporate and nonprofit organizations, including IBM, The Procter & Gamble Company, the Arthur Ashe Institute for Urban Health, the National Center on Addiction & Substance Abuse at Columbia University, the Smithsonian Institution’s Advisory Council for the National Museum of African American History & Culture, and the World Trade Center Memorial Foundation. He also is on the boards of the Partnership for New York City, The Business Council and the Business Roundtable and serves as Vice Chairman of each of these organizations.

Richard Trumka
Richard Trumka is the president of the AFL-CIO. Mr. Trumka was elected president of the AFL-CIO in September 2009. His election followed 14 years of service as Secretary-Treasurer of the AFL-CIO. Trumka is a third-generation coal miner from Nemacolin, Penn., began working in the mines at age 19. Trumka currently serves as a member of the President’s Council on Jobs and Competitiveness.  As a member of UMWA Local 6290, he served as Chairman of the Safety Committee. He soon became an activist in the Miners for Democracy reform movement. Trumka worked in the mines for more than seven years, supporting himself while attending Pennsylvania State University, where earned a Bachelor of Science degree, and through Villanova University, where he received a law degree. He served four years on the legal staff of the United Mine Workers before returning to the coal mines in 1979. He was elected to the UMWA executive board in 1981 and elected international president in 1982.

Governor Martin O’Malley
Governor Martin O’Malley is currently serving his second term as governor of Maryland. He also serves as the chair of the Democratic Governors Association and co-chair of the National Governor’s Association’s Special Committee on Homeland Security and Public Safety. Prior to assuming the governorship, O’Malley served on the Baltimore City Council from 1991 to 1999, was appointed assistant state's attorney for the city of Baltimore, and then served as the Mayor of Baltimore for two terms. As Governor, O’Malley has focused on job creation by spurring innovation in all sectors of business, academia, and government. O'Malley holds a BA from Catholic University and JD from the University of Maryland. He and his wife, Katie, a District court judge have four children.

Mayor Mark Mallory
A lifelong Cincinnatian, Mallory was elected Mayor of Cincinnati in 2005 and won a second term in 2009.  In 1994, he succeeded his father, Majority Floor Leader William L. Mallory, Sr., in the Ohio House of Representatives.  Four years later, he moved to the Ohio Senate where he rose to the position of Assistant Minority Leader.  He is the first directly-elected black Mayor of Cincinnati and holds a bachelor’s degree from the University of Cincinnati.

Mayor Antonio Villaraigosa
Antonio Villaraigosa was first elected mayor in 2005, then re-elected in 2009.  He is the current resident of the U.S. Conference of Mayors (USCM).  In 2008, Mayor Villaraigosa passed a sales tax increase to invest in creating 166,000 transportation jobs in Los Angeles.  As president of USCM, he has led a bipartisan coalition of 165 mayors in support of an extension of the transportation reauthorization bill. 

Dr. Albert Green
Dr. Green is CEO of Kent Displays, a rapidly expanding small business in Kent, Ohio, and serves on its Board of Directors. He has held these positions since joining the company in June 2007.  In February, Dr. Green participated in the “Winning the Future Small Business Forum” in Cleveland. As Kent Displays CEO, he has used his unique skill set to drive development and commercialization of the company’s Reflex™ No Power LCDs for several high growth applications including eReaders, eWriters, electronic skins and eCard displays. Since Dr. Green took the reins of Kent Displays CEO in 2007, he has guided the company’s transition from a focus on research and development to product development and manufacturing. Under his leadership, Kent Displays successfully launched the award-winning Boogie Board LCD Writing Tablet in 2010 and formed Improv Electronics, a Kent Displays subsidiary focused on consumer products. The tablet’s writing surface is a flexible Reflex LCD manufactured on the world’s only roll-to-roll LCD production line, which began operation in 2008 at the company’s headquarters in Kent, Ohio. This successful consumer product has driven a doubling of revenue and employment in the past 2 years.

Jan Heister
Jan Heister is president and chairperson of the Board of Directors for Premier Tooling and Mfg., Inc. in Peosta, Iowa.  Jan participated in a small business session during the Rural Economic Forum in Peosta, Iowa last month.  Jan originally became involved in the office and administrative operations of Premier to relieve James Heister of a number of duties in these areas.  These duties have expanded over the past few years to encompass her current total management of the company.  Prior to joining Premier, Jan worked in hospital and clinic settings as a Registered Nurse.  While working in the hospital she served as supervisor of an operating room, recovery room, and charge nurse on the medical-surgical unit.  She has also worked 12 years as an office nurse in an orthopedic clinic.  Jan is a graduate of The Finley Hospital School of Nursing.

Philip Maung
Philip Maung is a small business owner and founder of Hissho Sushi, a 200-employee company headquartered in southwest Charlotte that trains sushi chefs and distributes ingredients for the food across the country. The company was founded 13 years ago.  The company has grown consistently in the past decade, including a 62 percent increase in revenues last year.  Philip Maung arrived in America with just $13 in his pocket and a dream of making a new life. He pursued the emerging supermarket sushi industry and spent years learning every facet of the sushi business. In 1998, Philip and his wife Kristina pooled their finances to form Hissho Sushi and founded the company in the family dining room. The company began providing fresh sushi daily to supermarkets and cafes.  Today, Hissho Sushi is a dynamic foodservice and distribution company managing and operating more than 400 sushi bars across the U.S. Their 46,000 square foot, state-of-the-art headquarters are located in Charlotte, NC.

Gracey Ibarra
Gracey Ibarra, a mother of two children, is a 2009 high school graduate and has earned her Certified Nursing Assistant (CNA) certification. Gracey enrolled in the WIA Youth Program through Inter-County Community Council, which combined education with clinical experience and led her to a career in the medical field. She currently works as a CNA in a nursing home. 

Joseph Kidd
Joseph Kidd, a 30 year old father, joined the U.S. Navy in 2003 and completed Hospital Corpsman School.  Upon graduation, Kidd received his orders to Naval Hospital Okinawa, in Japan. Once his rotation was complete, he moved to Camp Lejeune, NC.  While at Camp Lejeune, Kidd was attached to a Marine Corps command, and deployed to Iraq in 2007.  After he returned from Iraq, his daughter was born in January of 2009, and he was deployed again in May of 2009 as part of the 22D Marine Expeditionary Unit. Once Kidd returned, he was appointed to the Emergency Room at Camp Lejeune and later became the Leading Petty Officer.  In April 2011, Kidd received his separation orders.  In August, Kidd was one of five veterans to eat lunch with President Obama in Cannon Falls, MN during the rural bus tour.  Kidd asked the President to help with credentialing programs that would allow a service member to take his or her skills from the military directly into the private sector.  The President’s staff is now actively working on the concept of a “career ready military.”  In late August, Kidd returned to school and studying pre-nursing.

John Raftery
John Raftery served in the U.S. Marine Corp with 1st Marine Division and currently serves as the president and CEO of Patriot Contractors, a construction firm, specializing in interior and exterior architectural specialties. A service-disabled, veteran-owned company founded in 2007, John has seen growth in revenues and employees each and every year of operation. Today, Patriot Contractors has 21 employees. In 2010, John’s company generated revenues that hit $2M, and he is on track to exceed $5M in 2011.  John is a 2007 graduate of the Entrepreneurship Bootcamp for Veterans at Syracuse University and holds a BBS from Dallas Baptist University. 

Nicole Gentile
Nicole Gentile, married with two children, is a third grade teacher at Marion-Sterling Elementary in Cleveland, Ohio.  She is at risk of being laid off given the district’s budget situation.  Thirteen of her colleagues are also at risk of being laid off.   

Kelcie Fisher
Kelcie Fisher is currently a senior at Open High, a Blue Ribbon school located in downtown Richmond, Virginia. Open High School will be 100 years old this year and needs to be modernized.  Born and raised in Richmond, Kelcie has been a part of the Richmond Public Schools family throughout her entire educational career.

Hector R. Sealey
Hector Sealey began working with Fort Myer Construction in August 2006 and continues as corporate director of safety, risk management and compliance officer for the corporation. Sealey has 18 years of safety and quality control management experience and 4 years of project management, with an overall of 30 years experience in the construction industry. Hector, along with almost a million workers, is at risk of losing his job if Congress does not act and the transportation bill expires. Hector joined President Obama in the Rose Garden when he called for a clean extension of the transportation bill last month. 

Kirk Bergstrom
Kirk Bergstrom, 43, is a project engineer with Denver Transit Partners (DTP), the consortium of investment, engineering, construction and operations and maintenance companies currently executing the $2 billion Eagle Public-Private Partnership in Denver, Colorado. The Eagle P3 Project is a new commuter railroad line that will connect Downtown Denver and Denver International Airport and also downtown with a portion of western Denver.  Before the Eagle P3 Project, Kirk was going to have to leave his family and travel back-and-forth to Kansas to work on another construction project. DTP, thanks to this federally funded project, was able to give him a career close to his home.

David Catalano
 In 2006 David Catalano co-founded Modea, a digital advertising agency in Blacksburg, VA. In five short years as president, Catalano and his executive team have grown the company 75-100% each year - eclipsing $10 million in annual revenue. Catalano has been able to maintain his home in rural Virginia and build a globally competitive company, highlighting the importance of the need to provide high speed broadband access to all parts of the country. Modea has hired over 80 creative professionals from across the country. In the late 90s Catalano came to Blacksburg, VA to pursue a degree at Virginia Tech. Halfway through his senior year, Catalano put his degree on hold to co-found a product marketing agency producing content for the largest e-commerce sites on the web. After leading it to profitability in 2005, Catalano left the company to finish his Finance degree and start Modea.

Dannie and Sabrina Mangrum
Dannie Mangrum is a Maryland corrections officer and Sabrina is getting her teaching degree at Coppin State.  The couple has two sons and a daughter, and is earnestly anticipating the adoption of three foster children. A tax cut would benefit their family as they are looking for ways to provide for their children and their education.

Jessica Pickett
Technician Jessica T. Pickett joined Fairfax County Fire and Rescue Department in April 2006 where she currently functions as a field Firefighter/Medic.  Technician Pickett is actively involved with the International Association of Fire Fighters Local 2068 and serves as the Chairperson of the EMS Committee.  Technician Pickett was awarded the Fairfax County Chamber of Commerce Certificate of Valor in 2010 for actions involving personal risk and demonstration of judgment beyond the expected performance of duties.  Prior to joining the Fairfax County Fire and Rescue Department, Technician Pickett studied Biological Sciences at The George Washington University in Washington, DC and was a George C. Marshall Scholar and Rhodes Scholarship finalist.

Marlena Clark
Marlena Clark is a graduate of Anne Arundel Community College (AACC) and a resident of Maryland.  After working a number of minimum wage jobs and worrying about her future, she decided that her local community college would provide the best opportunity for a career path to success. She worked two jobs, as a housekeeper and a bartender, while taking courses in the Information Systems Security program at Anne Arundel. While enrolled at community college, Marlena was involved in a mentoring program focused on retaining women in IT careers and was able to participate in an internship at a local IT company. She is now a full-time systems engineer at the company, supporting the sales team and customers with networking solutions. As part of her ongoing outreach on community colleges, Dr. Biden visited Anne Arundel Community College last September to highlight the school’s workforce development programs.

Tamara Washington
Tamara Washington is a single mother, taking care of her 3 year old son Amir, in Torrance, CA.  Tamara believes her hard work will enable her to provide quality healthcare and education for her son. While it has not been easy, many programs and organizations were there to help, including subsidized employment in the Temporary Assistance for Needy Families (TANF) Emergency Contingency Fund, which allowed her to obtain a job that enabled her to support her son.

The White House

Office of the Press Secretary

Presidential Nominations sent to the Senate

NOMINATIONS SENT TO THE SENATE:

Cyrus Amir-Mokri, of New York, to be an Assistant Secretary of the Treasury, vice Michael S. Barr, resigned.

Cyrus Amir-Mokri, of New York, to be a Member of the Board of Directors of the National Consumer Cooperative Bank for a term of three years, vice David George Nason, term expired.

Kathryn Keneally, of New York, to be an Assistant Attorney General, vice Nathan J. Hochman, resigned.

The White House

Office of the Press Secretary

President Obama Signs New York Emergency Declaration

The President today declared an emergency exists in the State of New York and ordered federal aid to supplement state and local response efforts due to the emergency conditions resulting from the remnants of Tropical Storm Lee beginning on September 7, 2011, and continuing.

The President's action authorizes the Department of Homeland Security, Federal Emergency Management Agency (FEMA), to coordinate all disaster relief efforts which have the purpose of alleviating the hardship and suffering caused by the emergency on the local population, and to provide appropriate assistance for required emergency measures, authorized under Title V of the Stafford Act, to save lives and to protect property and public health and safety, and to lessen or avert the threat of a catastrophe in the counties of Albany, Broome, Chenango, Chemung, Delaware, Greene, Herkimer, Montgomery, Oneida, Otsego, Rensselaer, Schenectady, Schoharie, Sullivan, and Tioga.

Specifically, FEMA is authorized to identify, mobilize, and provide at its discretion, equipment and resources necessary to alleviate the impacts of the emergency.  Emergency protective measures, including direct federal assistance, will be provided at 75 percent federal funding. 

W. Craig Fugate, Administrator, Federal Emergency Management Agency (FEMA), Department of Homeland Security, named Philip E. Parr as the Federal Coordinating Officer for federal recovery operations in the affected area. 

FOR FURTHER INFORMATION MEDIA SHOULD CONTACT:  FEMA NEWS DESK AT (202) 646-3272 OR FEMA-NEWS-DESK@DHS.GOV

The White House

Office of the Press Secretary

Op-ed by President Obama in USA Today: Let's reclaim the post-9/11 unity

The full text of the op-ed by President Barack Obama is printed below. The piece, published in today’s USA Today, can be read online HERE.

Let's reclaim the post-9/11 unity
By President Obama

Ten Septembers have come and gone since that awful morning. But on this 10th anniversary of the 9/11 attacks, we are summoned once more to honor those we lost by keeping our country strong and true to their memory.

Over the coming days, we will remember nearly 3,000 innocent victims — fathers and mothers, sisters and brothers, sons and daughters who were simply going about their daily lives on a beautiful Tuesday morning. And we'll talk to our children about what happened on that day, and what's happened since.

Like every American, I'll never forget how I heard the terrible news, on the car radio on my way to work in Chicago. Yet like a lot of younger Americans, our daughters have no memory of that day. Malia was just 3; Sasha was an infant. As they've grown, Michelle and I faced the same challenge as other parents in deciding how to talk with our children about 9/11.

One of the things we've told them is that the worst terrorist attack in American history also brought out the best in our country. Firefighters, police and first responders rushed into danger to save others. Americans came together in candlelight vigils, in our houses of worship and on the steps of the U.S. Capitol. Volunteers lined up to give blood and drove across the country to lend a hand. Schoolchildren donated their savings. Communities, faith groups and businesses collected food and clothing. We were united, as Americans.

This is the true spirit of America we must reclaim this anniversary — the ordinary goodness and patriotism of the American people and the unity that we needed to move forward together, as one nation.

Indeed, the last decade has been a challenging one for our country. But we have also seen the strength of the United States— in cities that have refused to give in to fear; in communities that have persevered through hard economic times; and, above all, in our men and women in uniform and their families who have borne an extraordinary burden for our security and our values.

The perpetrators of those attacks wanted to terrorize us, but they are no match for our resilience. Today, our country is more secure and our enemies are weaker. Yet while we have delivered justice to Osama bin Laden and put al-Qaeda on the path to defeat, we must never waver in the task of protecting our nation.

On a day when others sought to destroy, we choose to build. Once again, Sept. 11 will be a National Day of Service and Remembrance, and at Serve.gov every American can make a commitment to honor the victims and heroes of 9/11 by serving our neighbors and communities.

Finally, on a day when others tried to divide us, we can regain the sense of common purpose that stirred in our hearts 10 years ago. As a nation, we face difficult challenges, and as citizens in a democratic society we engage in vigorous debates about the future. But as we do, let's never forget the lesson we learned anew 10 years ago — that our differences pale beside what unites us and that when we choose to move forward together, as one American family, the United States doesn't just endure, we can emerge from our tests and trials stronger than before.

That's the America we were on 9/11 and in the days that followed.

That's the America we can and must always be.

The White House

Office of the Vice President

Op-ed by Vice President Biden in The New York Times: China’s Rise Isn’t Our Demise

The full text of the op-ed by Vice President Biden is printed below. The piece, published in today’s New York Times, can be read online HERE.

China’s Rise Isn’t Our Demise
The New York Times
September 8, 2011
By JOSEPH R. BIDEN Jr.

I FIRST visited China in 1979, a few months after our countries normalized relations. China was just beginning to remake its economy, and I was in the first Senate delegation to witness this evolution. Traveling through the country last month, I could see how much China had changed in 32 years — and yet the debate about its remarkable rise remains familiar.

Then, as now, there were concerns about what a growing China meant to America and the world. Some here and in the region see China’s growth as a threat, entertaining visions of a cold-war-style rivalry or great-power confrontation. Some Chinese worry that our aim in the Asia-Pacific is to contain China’s rise.

I reject these views. We are clear-eyed about concerns like China’s growing military abilities and intentions; that is why we are engaging with the Chinese military to understand and shape their thinking. It is why the president has directed the United States, with our allies, to keep a strong presence in the region. As I told China’s leaders and people, America is a Pacific power and will remain one.

But, I remain convinced that a successful China can make our country more prosperous, not less.

As trade and investment bind us together, we have a stake in each other’s success. On issues from global security to global economic growth, we share common challenges and responsibilities — and we have incentives to work together. That is why our administration has worked to put our relationship on a stable footing. I am convinced, from nearly a dozen hours spent with Vice President Xi Jinping, that China’s leadership agrees.

We often focus on Chinese exports to America, but last year American companies exported more than $100 billion worth of goods and services to China, supporting hundreds of thousands of jobs here. In fact, our exports to China have been growing much faster than our exports to the rest of the world.

The Chinese leaders I met with know their country must shift from an economy driven by exports, investment and heavy industry to one driven more by consumption and services. This includes continued steps to revalue their currency and to provide fair access to their markets. As Americans save more and Chinese buy more, this transition will accelerate, opening opportunities for us.

Even as the United States and China cooperate, we also compete. I strongly believe that the United States can and will flourish from this competition.

First, we need to keep China’s rising economic power in perspective. According to the International Monetary Fund, America’s gross domestic product, almost $15 trillion, is still more than twice as large as China’s; our per-capita G.D.P., above $47,000, is 11 times China’s.

And while there is a lot of talk about China’s “owning” America’s debt, the truth is that Americans own America’s debt. China holds just 8 percent of outstanding Treasury securities. By comparison, Americans hold nearly 70 percent. Our unshakable commitment to honoring our financial obligations is for the sake of Americans, as well as for those overseas. It is why the United States has never defaulted on its obligations and never will.

Maybe more important, the nature of 21st-century competition favors the United States. In the 20th century, we measured a nation’s wealth primarily by its natural resources, its land mass, its population and its army. In the 21st century, the true wealth of a nation is found in the creative minds of its people and their ability to innovate.

As I told students in Chengdu, the United States is hard-wired for innovation. Competition is in the very fabric of our society. It has enabled each generation of Americans to give life to world-changing ideas — from the cotton gin to the airplane, the microchip, the Internet.

We owe our strength to our political and economic system and to the way we educate our children — not merely to accept established orthodoxy but to challenge and improve it. We not only tolerate but celebrate free expression and vigorous debate. The rule of law protects private property, lends predictability to investments, and ensures accountability for poor and wealthy alike. Our universities remain the ultimate destination for the world’s students and scholars. And we welcome immigrants with skill, ambition and the desire to better their lives.

America’s strengths are, for now, China’s weaknesses. In China, I argued that for it to make the transition to an innovation economy, it will have to open its system, not least to human rights. Fundamental rights are universal, and China’s people aspire to them. Liberty unlocks a people’s full potential, while its absence breeds unrest. Open and free societies are best at promoting long-term growth, stability, prosperity and innovation.

We have our own work to do. We need to ensure that any American willing to work can find a good job. We need to keep attracting the world’s top talent. We must continue to invest in the fundamental sources of our strength: education, infrastructure and innovation. But our future is in our own hands. If we take bold steps, there is no reason America won’t emerge stronger than ever.

As vice president, I’ve traveled half a million miles around the world. I always come home feeling the same confidence in our future. Some may warn of America’s demise, but I’m not among them. And let me reassure you: based on my time in China, neither are the Chinese.

Joseph R. Biden Jr. is the vice president of the United States.

The White House

Office of the Press Secretary

President Obama Announces More Key Administration Posts

WASHINGTON – Today, President Barack Obama announced his intent to nominate the following individuals to key Administration posts:

  • Cyrus Amir-Mokri– Assistant Secretary for Financial Institutions, Department of the Treasury; and Member, Board of Directors of the National Consumer Cooperative Bank
  • Kathryn Keneally– Assistant Attorney General for the Tax Division, Department of Justice
  • Michael James Warren– Member, Board of Directors of the Overseas Private Investment Corporation

President Obama said, “These fine public servants bring both a depth of experience and tremendous dedication to their new roles.  Our nation will be well-served by these men and women, and I look forward to working with them in the months and years to come.”

President Obama announced his intent to nominate the following individuals to key Administration posts:

Cyrus Amir-Mokri, Nominee for Assistant Secretary for Financial Institutions, Department of the Treasury and Nominee for Member, Board of Directors of the National Consumer Cooperative Bank
Cyrus Amir-Mokri most recently served as Senior Counsel to the Chairman of the Commodity Futures Trading Commission where he also was the agency’s deputy representative to the Financial Stability Oversight Council.  Prior to joining the Commission, Mr. Amir-Mokri was a partner at the law firm of Skadden, Arps, Slate, Meagher & Flom LLP.  His practice focused on complex securities and antitrust litigation.  He clerked for the Honorable Bruce M. Selya of the United States Court of Appeals for the First Circuit.  Mr. Amir-Mokri received a J.D. from the University of Chicago Law School, a Ph.D. in History from the University of Chicago, and an A.B. in Biochemistry from Harvard College. 

Kathryn Keneally, Nominee for Assistant Attorney General for the Tax Division, Department of Justice
Kathryn Keneally is a partner of the law firm Fulbright & Jaworski LLP in New York.  For over twenty-five years, Ms. Keneally has represented clients in tax controversies and defended against allegations of tax fraud and other financial crimes.  She is currently the Vice Chair for Committee Operations for the American Bar Association (ABA) Section of Taxation, a Co-Chair of the ABA National Institutes on Criminal Tax Fraud and Tax Controversy, and a fellow of the American College of Tax Counsel.  Ms. Keneally previously served as Chair of the Tax Section's Standards of Tax Practice Committee and as Chair of the Civil and Criminal Tax Penalties Committee.  Ms. Keneally co-authors a column on IRS Practice in the Journal of Tax Practice and Procedure.  She has also served on the Practitioners’ Advisory Group to the U.S. Sentencing Commission.  Ms. Keneally began her legal career in 1982 as the law clerk for the Honorable Edward R. Neaher, U.S. District Judge for the Eastern District of New York.  She received a B.S. in 1979 from Cornell University, a J.D., magna cum laude, in 1982 from Fordham Law School and an LL.M in Taxation in 1993 from New York University School of Law. 

Michael James Warren, Nominee for Member, Board of Directors of the Overseas Private Investment Corporation
Michael James Warren is a Principal and Managing Board member of Albright Stonebridge Group and serves as a member of the Investment Committee of Albright Capital Management.  In 2009, Mr. Warren served as Senior Advisor for the Economics Division of the White House Office of Presidential Personnel for the Obama Administration. He was also a member of the Obama-Biden Transition Project's Agency Review Working Group helping to oversee the international trade and economics agencies.  Previously, Mr. Warren led corporate development at Horne Engineering Services (2002-2004) and served as President of Appfluent Technologies (1999-2002).  From 1997 to 1999, Mr. Warren worked at McKinsey & Company, serving as a strategic consultant and a fellow at the McKinsey Global Institute. Mr. Warren also served in the White House as Executive Director of the President’s National Economic Council (1995-1997) and as Special Assistant to the Chief of Staff at the U.S. Department of Labor (1993-1995). Mr. Warren is on the Board of Directors of the District of Columbia Retirement Board, Civitas Group, Virginia Tech’s Intellectual Property Board, Catalist, and the National Child Research Center. He is a member of the Yale University President’s Council on International Activities. Mr. Warren is a Rhodes Scholar, and earned his degrees from Yale University and Oxford University.

The White House

Office of the Press Secretary

Readout of the President's Call to Texas Governor Rick Perry

Today the President called Texas Governor Rick Perry to express his concern for citizens of Texas impacted by the unprecedented fires. During the call the President extended his condolences for the lives that have been lost as a result of these events, and made clear that the federal government, through DHS/FEMA and the U.S. Forest Service, will continue to make federal assistance available to state and local officials as they fight the fires.  The President also assured the Governor that requests for additional assistance, including as recovery begins, would be quickly assessed. Following the call, the President directed his national security staff to continue to work closely with FEMA, the Forest Service and the State of Texas to ensure we were making all resources available. Over the last several days, at the request of the Governor, the Administration has granted eight Fire Management Assistance Grants, making federal funds available to reimburse eligible costs associated with efforts to combat the fires. FEMA is actively working with state and local officials to conduct damage assessments and to identify areas where additional federal assistance may be warranted.

The White House

Office of the Press Secretary

President Obama to Award Medal of Honor

WASHINGTON – On Thursday, September 15th at 2:30 PM Eastern, President Barack Obama will award Dakota Meyer, a former active duty Marine Corps Corporal, the Medal of Honor for conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty.  He will receive the Medal of Honor for his courageous actions while serving as a member of Marine Embedded Training Team 2-8, Regional Corps Advisory Command 3-7, in Kunar Province, Afghanistan, on September 8, 2009 in support of Operation Enduring Freedom.  He will be the third living recipient - and first Marine - to be awarded the Medal of Honor for actions in Iraq or Afghanistan.  He and his family will join the President at the White House to commemorate his example of selfless service.

PERSONAL BACKGROUND: 

Dakota Meyer was born in Columbia, Kentucky on June 26, 1988, attended local public schools, and graduated from Green County high school.  In 2006, he enlisted in the United States Marine Corps at a recruiting station in Louisville, Kentucky, and completed his basic training at Parris Island Recruit Training Depot later that year.

In 2010, he completed his active duty commitment and currently serves in the Inactive Ready Reserve of the U.S. Marine Corps Reserve as a Sergeant. He is a highly skilled Marine infantryman and Scout Sniper who is also trained as a Combat Lifesaver.  At the time of his deployment to combat duty in Afghanistan he was serving as a Turret Gunner and Driver.

While on active duty, he deployed twice to the combat theater, serving in both Iraq and Afghanistan. During 2007, he deployed to Iraq for Operation Iraqi Freedom with Third Battalion, Third Marines, and during 2009-10, he deployed to Afghanistan for Operation Enduring Freedom.

His military decorations include:  a Purple Heart Medal, Navy and Marine Corps Commendation Medal with “V” device for valor, Navy and Marine Corps Achievement Medal, and Good Conduct Medal.  His other awards and decorations include the Combat Action Ribbon, National Defense Service Medal, Afghanistan Campaign Medal with one bronze campaign star, Iraq Campaign Medal with one bronze campaign star, Global War on Terrorism Service Medal, Sea Service Deployment Ribbon, NATO ISAF Afghanistan Medal, and a Rifle Expert Badge (3rd Award) and Pistol Expert Badge (2nd Award).

ADDITIONAL INFORMATION

THE MEDAL OF HONOR:

The Medal of Honor is awarded to members of the Armed Forces who distinguish themselves conspicuously by gallantry and intrepidity above and beyond the call of duty while:

  • engaged in an action against an enemy of the United States;
  • engaged in military operations involving conflict with an opposing foreign force; or
  • serving with friendly foreign forces engaged in an armed conflict against an opposing armed force in which the United States is not a belligerent party.

The meritorious conduct must involve great personal bravery or self-sacrifice so conspicuous as to clearly distinguish the individual above his or her comrades and must have involved risk of life. There must be incontestable proof of the performance of the meritorious conduct, and each recommendation for the award must be considered on the standard of extraordinary merit.