Jobs Pivot: Obama Proposes ‘Grand Bargain,’ Exchanging Corporate Tax Reform in Exchange for New Programs

Obama Hello Chattanooga Applause ░░░░░░░░ is good to be ░░░░░░░░ in Tennessee Applause It ░░░░░░░░ great to be here ░░░░░░░░ Amazon Applause I want ░░░░░░░░ thank Lydia for the ░░░░░░░░ and sharing her story ░░░░░░░░ Lydia a big round ░░░░░░░░ applause Applause So this ░░░░░░░░ something here I just ░░░░░░░░ getting a tour of ░░░░░░░░ one little corner of ░░░░░░░░ massive facility size of ░░░░░░░░ football fields Last year ░░░░░░░░ the busiest day of ░░░░░░░░ Christmas rush customers around ░░░░░░░░ world ordered more than ░░░░░░░░ items from Amazon every ░░░░░░░░ and a lot of ░░░░░░░░ traveled through this building ░░░░░░░░ this is kind of ░░░░░░░░ the North Pole of ░░░░░░░░ south right here Applause ░░░░░░░░ a bunch of good ░░░░░░░░ elves here Before we ░░░░░░░░ I want to recognize ░░░░░░░░ general manager Mike Thomas ░░░░░░░░ My tour guide and ░░░░░░░░ vice president Dave Clark ░░░░░░░░ You ve got the ░░░░░░░░ of Chattanooga Andy Berke ░░░░░░░░ And you ve got ░░░░░░░░ of the finest gentlemen ░░░░░░░░ know your Congressman Jim ░░░░░░░░ Applause So thank you ░░░░░░░░ for being here So ░░░░░░░░ ve come here today ░░░░░░░░ talk a little more ░░░░░░░░ something I was discussing ░░░░░░░░ week and that s ░░░░░░░░ we need to do ░░░░░░░░ a country to secure ░░░░░░░░ better bargain for the ░░░░░░░░ class a national strategy ░░░░░░░░ make sure that every ░░░░░░░░ person who s willing ░░░░░░░░ work hard in this ░░░░░░░░ has a chance to ░░░░░░░░ in the 21st century ░░░░░░░░ Applause Now you heard ░░░░░░░░ Lydia so you know ░░░░░░░░ many of you went ░░░░░░░░ it over the past ░░░░░░░░ and a half years ░░░░░░░░ ve been fighting our ░░░░░░░░ back from the worst ░░░░░░░░ since the Great Depression ░░░░░░░░ it cost millions of ░░░░░░░░ their jobs and their ░░░░░░░░ and their savings And ░░░░░░░░ of what it did ░░░░░░░░ it laid bare the ░░░░░░░░ term erosion that s ░░░░░░░░ happening when it comes ░░░░░░░░ middle class security But ░░░░░░░░ the American people are ░░░░░░░░ we bounced back Together ░░░░░░░░ ve righted the ship ░░░░░░░░ took on a broken ░░░░░░░░ care system We invested ░░░░░░░░ new American technologies to ░░░░░░░░ our addiction to foreign ░░░░░░░░ Changed a tax code ░░░░░░░░ had become tilted too ░░░░░░░░ in favor of the ░░░░░░░░ at the expense of ░░░░░░░░ families Saved the auto ░░░░░░░░ and thanks to GM ░░░░░░░░ the UAW working together ░░░░░░░░ re bringing jobs back ░░░░░░░░ to America including 1 ░░░░░░░░ autoworkers in Spring Hill ░░░░░░░░ 1 800 workers in ░░░░░░░░ Hill are on the ░░░░░░░░ today where a plant ░░░░░░░░ once closed Today our ░░░░░░░░ have created 7 2 ░░░░░░░░ new jobs over the ░░░░░░░░ 40 months This year ░░░░░░░░ re off to our ░░░░░░░░ private sector jobs growth ░░░░░░░░ 1999 We now sell ░░░░░░░░ products made in America ░░░░░░░░ the rest of the ░░░░░░░░ than ever before Applause ░░░░░░░░ produce more renewable energy ░░░░░░░░ ever We produce more ░░░░░░░░ gas than anybody else ░░░░░░░░ the world Applause Health ░░░░░░░░ costs are growing at ░░░░░░░░ slowest rate in 50 ░░░░░░░░ Our deficits are falling ░░░░░░░░ the fastest rate in ░░░░░░░░ years Applause So thanks ░░░░░░░░ hardworking folks like you ░░░░░░░░ to the grit and ░░░░░░░░ of the American people ░░░░░░░░ ve been able to ░░░░░░░░ away some of the ░░░░░░░░ from the financial crisis ░░░░░░░░ ve started to lay ░░░░░░░░ new foundation for a ░░░░░░░░ more durable America the ░░░░░░░░ of economic growth that ░░░░░░░░ broad based the foundation ░░░░░░░░ to make this century ░░░░░░░░ American century But as ░░░░░░░░ said last week and ░░░░░░░░ any middle class family ░░░░░░░░ tell you we re ░░░░░░░░ there yet Even before ░░░░░░░░ financial crisis hit we ░░░░░░░░ going through a decade ░░░░░░░░ a few at the ░░░░░░░░ were doing better and ░░░░░░░░ but most families were ░░░░░░░░ harder and harder just ░░░░░░░░ get by And reversing ░░░░░░░░ trend should be Washington ░░░░░░░░ highest priority Applause It ░░░░░░░░ my highest priority But ░░░░░░░░ far for most of ░░░░░░░░ year we ve seen ░░░░░░░░ endless parade of distractions ░░░░░░░░ political posturing and phony ░░░░░░░░ And we keep on ░░░░░░░░ our way shifting our ░░░░░░░░ away from what we ░░░░░░░░ be focused on which ░░░░░░░░ how do we strengthen ░░░░░░░░ middle class and grow ░░░░░░░░ economy for everybody Applause ░░░░░░░░ as Washington heads towards ░░░░░░░░ another budget debate the ░░░░░░░░ couldn t be higher ░░░░░░░░ that s why I ░░░░░░░░ visiting cities and towns ░░░░░░░░ this to lay out ░░░░░░░░ ideas for how we ░░░░░░░░ build on the cornerstone ░░░░░░░░ what it means to ░░░░░░░░ middle class in America ░░░░░░░░ good job with good ░░░░░░░░ A good education Applause ░░░░░░░░ home to call your ░░░░░░░░ Applause Affordable health care ░░░░░░░░ s there for you ░░░░░░░░ you get sick Applause ░░░░░░░░ secure retirement even if ░░░░░░░░ re not rich Applause ░░░░░░░░ chances for folks to ░░░░░░░░ their way into the ░░░░░░░░ class as long as ░░░░░░░░ re willing to work ░░░░░░░░ it And most importantly ░░░░░░░░ chance to pass on ░░░░░░░░ better future for our ░░░░░░░░ Applause So I m ░░░░░░░░ a series of speeches ░░░░░░░░ the next several weeks ░░░░░░░░ I came to Chattanooga ░░░░░░░░ to talk about the ░░░░░░░░ and most important cornerstone ░░░░░░░░ middle class security and ░░░░░░░░ s a good job ░░░░░░░░ a durable growing industry ░░░░░░░░ It s hard to ░░░░░░░░ the other stuff going ░░░░░░░░ you don t have ░░░░░░░░ good job And the ░░░░░░░░ is everything I m ░░░░░░░░ to be talking about ░░░░░░░░ the next several weeks ░░░░░░░░ is about jobs Because ░░░░░░░░ our children and our ░░░░░░░░ for the global competition ░░░░░░░░ ll face that s ░░░░░░░░ jobs A housing finance ░░░░░░░░ that makes it easier ░░░░░░░░ safer to buy and ░░░░░░░░ new homes that s ░░░░░░░░ jobs in the construction ░░░░░░░░ Health care that frees ░░░░░░░░ from the fear of ░░░░░░░░ everything after you ve ░░░░░░░░ so hard and then ░░░░░░░░ the freedom to maybe ░░░░░░░░ your own business because ░░░░░░░░ know you ll be ░░░░░░░░ to get health care ░░░░░░░░ s about jobs And ░░░░░░░░ retirement benefits speak to ░░░░░░░░ quality of our jobs ░░░░░░░░ let me say this ░░░░░░░░ s something everybody here ░░░░░░░░ Jobs are about more ░░░░░░░░ just paying the bills ░░░░░░░░ are about more than ░░░░░░░░ statistics We ve never ░░░░░░░░ defined having a job ░░░░░░░░ having a paycheck here ░░░░░░░░ America A job is ░░░░░░░░ source of pride is ░░░░░░░░ source of dignity It ░░░░░░░░ the way you look ░░░░░░░░ your family Applause It ░░░░░░░░ proof that you re ░░░░░░░░ the right things and ░░░░░░░░ your responsibilities and contributing ░░░░░░░░ the fabric of your ░░░░░░░░ and helping to build ░░░░░░░░ country That s what ░░░░░░░░ job is all about ░░░░░░░░ s not just about ░░░░░░░░ paycheck It s not ░░░░░░░░ about paying the bills ░░░░░░░░ s also about knowing ░░░░░░░░ what you re doing ░░░░░░░░ important that it counts ░░░░░░░░ we should be doing ░░░░░░░░ we can as a ░░░░░░░░ to create more good ░░░░░░░░ that pay good wages ░░░░░░░░ Applause Now here s ░░░░░░░░ thing Chattanooga the problem ░░░░░░░░ not that we don ░░░░░░░░ have ideas about how ░░░░░░░░ could create even more ░░░░░░░░ We ve got a ░░░░░░░░ of ideas out there ░░░░░░░░ are plenty of independent ░░░░░░░░ plenty of business owners ░░░░░░░░ from both parties agree ░░░░░░░░ some of the ingredients ░░░░░░░░ we need for creating ░░░░░░░░ jobs And you ve ░░░░░░░░ them debated again and ░░░░░░░░ over these past few ░░░░░░░░ I proposed a lot ░░░░░░░░ these ideas myself Just ░░░░░░░░ years ago I announced ░░░░░░░░ American Jobs Act full ░░░░░░░░ ideas that every independent ░░░░░░░░ said would create more ░░░░░░░░ Some were passed by ░░░░░░░░ But I got to ░░░░░░░░ most of them weren ░░░░░░░░ Sometimes there were ideas ░░░░░░░░ historically had Republican support ░░░░░░░░ for some reason suddenly ░░░░░░░░ didn t want to ░░░░░░░░ them anymore Putting people ░░░░░░░░ to work rebuilding America ░░░░░░░░ infrastructure Equipping our kids ░░░░░░░░ our workers with the ░░░░░░░░ skills Leading the world ░░░░░░░░ scientific research that helps ░░░░░░░░ pave the way for ░░░░░░░░ jobs in new industries ░░░░░░░░ our clean energy and ░░░░░░░░ gas revolutions Fixing a ░░░░░░░░ immigration system so that ░░░░░░░░ workers aren t undercut ░░░░░░░░ because some businesses are ░░░░░░░░ and hiring folks and ░░░░░░░░ paying them decent wages ░░░░░░░░ Independent economists say immigration ░░░░░░░░ would boost our economy ░░░░░░░░ more than a trillion ░░░░░░░░ So we ve got ░░░░░░░░ out there we know ░░░░░░░░ work And if we ░░░░░░░░ t make these investments ░░░░░░░░ we don t make ░░░░░░░░ reforms then we might ░░░░░░░░ well be waving the ░░░░░░░░ flag to the rest ░░░░░░░░ the world because they ░░░░░░░░ moving forward They re ░░░░░░░░ slowing down China Germany ░░░░░░░░ they re going And ░░░░░░░░ can t just sit ░░░░░░░░ and do nothing Doing ░░░░░░░░ doesn t help the ░░░░░░░░ class Applause So today ░░░░░░░░ came here to offer ░░░░░░░░ framework that might help ░░░░░░░░ through some of the ░░░░░░░░ logjam in Washington and ░░░░░░░░ to get Congress to ░░░░░░░░ moving on some of ░░░░░░░░ proven ideas But let ░░░░░░░░ briefly outline some of ░░░░░░░░ areas I think we ░░░░░░░░ to focus on if ░░░░░░░░ want to create good ░░░░░░░░ with good wages in ░░░░░░░░ industries areas that will ░░░░░░░░ our future growth Number ░░░░░░░░ jobs in American manufacturing ░░░░░░░░ Over the past four ░░░░░░░░ for the first time ░░░░░░░░ the 1990s the number ░░░░░░░░ manufacturing jobs in America ░░░░░░░░ t gone down it ░░░░░░░░ actually gone up Applause ░░░░░░░░ the trend lines are ░░░░░░░░ now we ve got ░░░░░░░░ build on that progress ░░░░░░░░ want to offer new ░░░░░░░░ for manufacturers not to ░░░░░░░░ jobs overseas but to ░░░░░░░░ them back here to ░░░░░░░░ Applause I want new ░░░░░░░░ credits so communities hit ░░░░░░░░ by plant closures can ░░░░░░░░ new investment Applause In ░░░░░░░░ State of the Union ░░░░░░░░ I asked Congress to ░░░░░░░░ on a successful pilot ░░░░░░░░ we ve set up ░░░░░░░░ want to create not ░░░░░░░░ 15 manufacturing innovation institutes ░░░░░░░░ connect businesses and universities ░░░░░░░░ federal agencies to help ░░░░░░░░ left behind by global ░░░░░░░░ to become centers of ░░░░░░░░ tech jobs Today I ░░░░░░░░ asking Congress to build ░░░░░░░░ this bipartisan support and ░░░░░░░░ that number from 15 ░░░░░░░░ 45 these hubs where ░░░░░░░░ re getting businesses universities ░░░░░░░░ all to work together ░░░░░░░░ develop centers of high ░░░░░░░░ industries all throughout the ░░░░░░░░ States that allow us ░░░░░░░░ be at the forefront ░░░░░░░░ the next revolution of ░░░░░░░░ I want it made ░░░░░░░░ in the United States ░░░░░░░░ America I don t ░░░░░░░░ that happening overseas Applause ░░░░░░░░ two I talked about ░░░░░░░░ last week jobs rebuilding ░░░░░░░░ infrastructure I look at ░░░░░░░░ amazing facility and you ░░░░░░░░ you don t miss ░░░░░░░░ beat I mean you ░░░░░░░░ got these packages coming ░░░░░░░░ You ve got dog ░░░░░░░░ and Kindles and beard ░░░░░░░░ Laughter I mean there ░░░░░░░░ all kinds of stuff ░░░░░░░░ here But once it ░░░░░░░░ packed up it s ░░░░░░░░ to get to the ░░░░░░░░ And how quickly and ░░░░░░░░ dependably it gets to ░░░░░░░░ customer depends on do ░░░░░░░░ have good roads do ░░░░░░░░ have good bridges do ░░░░░░░░ have state of the ░░░░░░░░ airports We ve got ░░░░░░░░ 2 trillion of deferred ░░░░░░░░ here in this country ░░░░░░░░ let s put more ░░░░░░░░ workers back on the ░░░░░░░░ doing the work America ░░░░░░░░ done Applause These are ░░░░░░░░ projects that Amazon needs ░░░░░░░░ all across the country ░░░░░░░░ like widening Route 27 ░░░░░░░░ in Chattanooga applause deepening ░░░░░░░░ Jacksonville Port that I ░░░░░░░░ last week These are ░░░░░░░░ vital to our national ░░░░░░░░ We re going to ░░░░░░░░ breaking ground this week ░░░░░░░░ the St Louis Arch ░░░░░░░░ should pass what I ░░░░░░░░ called my Fix It ░░░░░░░░ plan to put people ░░░░░░░░ work immediately on our ░░░░░░░░ urgent repairs like the ░░░░░░░░ 000 bridges that are ░░░░░░░░ enough to qualify for ░░░░░░░░ That will create good ░░░░░░░░ class jobs right now ░░░░░░░░ And we should partner ░░░░░░░░ the private sector to ░░░░░░░░ what businesses like Amazon ░░░░░░░░ most We should have ░░░░░░░░ modern air traffic control ░░░░░░░░ to keep planes running ░░░░░░░░ time We should have ░░░░░░░░ power grids and pipelines ░░░░░░░░ survive a storm We ░░░░░░░░ have modern schools to ░░░░░░░░ our kids for the ░░░░░░░░ of tomorrow Applause Number ░░░░░░░░ we need to keep ░░░░░░░░ good jobs in energy ░░░░░░░░ wind and solar and ░░░░░░░░ gas Those new energy ░░░░░░░░ are reducing energy costs ░░░░░░░░ re reducing dangerous carbon ░░░░░░░░ They re reducing our ░░░░░░░░ on foreign oil So ░░░░░░░░ is not the time ░░░░░░░░ gut investments in American ░░░░░░░░ Now is the time ░░░░░░░░ double down on renewable ░░░░░░░░ and biofuels and electric ░░░░░░░░ and to put money ░░░░░░░░ the research that will ░░░░░░░░ our cars and trucks ░░░░░░░░ oil for good Applause ░░░░░░░░ let me tell you ░░░░░░░░ costs of natural gas ░░░░░░░░ a huge boost to ░░░░░░░░ businesses here in America ░░░░░░░░ we should develop it ░░░░░░░░ more We ve got ░░░░░░░░ do it in a ░░░░░░░░ that protects our air ░░░░░░░░ our water for our ░░░░░░░░ and future generations But ░░░░░░░░ can do that We ░░░░░░░░ got the technology to ░░░░░░░░ it Number four we ░░░░░░░░ got to export more ░░░░░░░░ want to send American ░░░░░░░░ all around the world ░░░░░░░░ A year ago I ░░░░░░░░ a new trade agreement ░░░░░░░░ Korea because they were ░░░░░░░░ a lot of Hyundais ░░░░░░░░ but we weren t ░░░░░░░░ a lot of GM ░░░░░░░░ over there Since we ░░░░░░░░ that deal our Big ░░░░░░░░ automakers are selling 18 ░░░░░░░░ more cars in Korea ░░░░░░░░ they were Applause So ░░░░░░░░ we ve got to ░░░░░░░░ more of our businesses ░░░░░░░░ the same thing I ░░░░░░░░ asking Congress for the ░░░░░░░░ to negotiate the best ░░░░░░░░ deals possible for our ░░░░░░░░ and combine it with ░░░░░░░░ training and assistance measures ░░░░░░░░ make sure our workers ░░░░░░░░ the support and the ░░░░░░░░ they need for this ░░░░░░░░ global competition And we ░░░░░░░░ going to have to ░░░░░░░░ our competitive edge in ░░░░░░░░ global job marketplace Two ░░░░░░░░ ago we created something ░░░░░░░░ SelectUSA This is a ░░░░░░░░ effort to attract foreign ░░░░░░░░ looking to invest and ░░░░░░░░ jobs here in the ░░░░░░░░ States And today I ░░░░░░░░ directing my Cabinet to ░░░░░░░░ these efforts And this ░░░░░░░░ I m going to ░░░░░░░░ business leaders from around ░░░░░░░░ world and I m ░░░░░░░░ to connect them to ░░░░░░░░ leaders and local leaders ░░░░░░░░ your mayor who are ░░░░░░░░ to prove there s ░░░░░░░░ better place to do ░░░░░░░░ than right here in ░░░░░░░░ United States of America ░░░░░░░░ Number five let s ░░░░░░░░ more to help the ░░░░░░░░ than 4 million long ░░░░░░░░ unemployed Americans that are ░░░░░░░░ there Applause One of ░░░░░░░░ problems is a lot ░░░░░░░░ folks they lose their ░░░░░░░░ during this really bad ░░░░░░░░ through no fault of ░░░░░░░░ own They ve got ░░░░░░░░ it takes to fill ░░░░░░░░ job opening but because ░░░░░░░░ ve been out of ░░░░░░░░ so long employers won ░░░░░░░░ even give their application ░░░░░░░░ fair look Applause So ░░░░░░░░ m challenging CEOs to ░░░░░░░░ more to get these ░░░░░░░░ back on their feet ░░░░░░░░ I m going to ░░░░░░░░ together the CEOs and ░░░░░░░░ that are putting in ░░░░░░░░ some of the best ░░░░░░░░ for recruiting and training ░░░░░░░░ hiring workers who have ░░░░░░░░ out of work for ░░░░░░░░ long time but want ░░░░░░░░ chance to show that ░░░░░░░░ re ready to go ░░░░░░░░ to work Applause And ░░░░░░░░ the same time I ░░░░░░░░ calling on our businesses ░░░░░░░░ do more for their ░░░░░░░░ Applause Amazon is a ░░░░░░░░ example of what s ░░░░░░░░ What you re doing ░░░░░░░░ at Amazon with your ░░░░░░░░ Choice Program pays 95 ░░░░░░░░ of the tuition for ░░░░░░░░ who want to earn ░░░░░░░░ in fields with high ░░░░░░░░ not just by the ░░░░░░░░ jobs here at Amazon ░░░░░░░░ jobs anywhere computer aided ░░░░░░░░ or nursing I talked ░░░░░░░░ Jeff Bezos yesterday and ░░░░░░░░ was so proud of ░░░░░░░░ fact that he wants ░░░░░░░░ see every employee at ░░░░░░░░ continually upgrade their skills ░░░░░░░░ improve And if they ░░░░░░░░ got a dream they ░░░░░░░░ to pursue Amazon wants ░░░░░░░░ help them pursue it ░░░░░░░░ That s the kind ░░░░░░░░ approach that we need ░░░░░░░░ America s businesses Offering ░░░░░░░░ programs health care retirement ░░░░░░░░ paying better wages that ░░░░░░░░ not just the right ░░░░░░░░ to do it s ░░░░░░░░ good for your bottom ░░░░░░░░ A recent study shows ░░░░░░░░ when a company makes ░░░░░░░░ list of the 100 ░░░░░░░░ Companies to Work for ░░░░░░░░ America its share price ░░░░░░░░ its competitors because the ░░░░░░░░ market and investors they ░░░░░░░░ if a company has ░░░░░░░░ that are motivated and ░░░░░░░░ that business is more ░░░░░░░░ to succeed Applause That ░░░░░░░░ is more likely to ░░░░░░░░ And because nobody who ░░░░░░░░ full time in America ░░░░░░░░ have to live in ░░░░░░░░ I m going to ░░░░░░░░ on making the case ░░░░░░░░ fighting for the fact ░░░░░░░░ we need to raise ░░░░░░░░ minimum wage because right ░░░░░░░░ it s in lower ░░░░░░░░ than it was when ░░░░░░░░ Reagan took office Applause ░░░░░░░░ folks have more money ░░░░░░░░ their pockets that s ░░░░░░░░ for Amazon it means ░░░░░░░░ customers have a little ░░░░░░░░ money They can order ░░░░░░░░ little more of that ░░░░░░░░ powder Laughter I noticed ░░░░░░░░ lot of folks were ░░░░░░░░ protein power Everybody is ░░░░░░░░ to get bulked up ░░░░░░░░ So here s those ░░░░░░░░ some of the ideas ░░░░░░░░ we re out there ░░░░░░░░ re promoting We re ░░░░░░░░ lacking for ideas we ░░░░░░░░ just lacking action especially ░░░░░░░░ of Washington Applause For ░░░░░░░░ of the past two ░░░░░░░░ Washington has just taken ░░░░░░░░ eye off the ball ░░░░░░░░ it comes to the ░░░░░░░░ class And I ll ░░░░░░░░ you look there are ░░░░░░░░ growing number of the ░░░░░░░░ news is there are ░░░░░░░░ growing number of Republican ░░░░░░░░ who are trying to ░░░░░░░░ with Democrats to get ░░░░░░░░ stuff done Applause That ░░░░░░░░ good news The bad ░░░░░░░░ is that rather than ░░░░░░░░ our focus on what ░░░░░░░░ be our priority which ░░░░░░░░ growing our economy and ░░░░░░░░ good middle class jobs ░░░░░░░░ ve seen a certain ░░░░░░░░ of Republicans in Congress ░░░░░░░░ a fragile recovery by ░░░░░░░░ that they wouldn t ░░░░░░░░ the very bills that ░░░░░░░░ racked up in the ░░░░░░░░ place threatening to shut ░░░░░░░░ the people s government ░░░░░░░░ they can t get ░░░░░░░░ of ObamaCare Instead of ░░░░░░░░ our deficits with a ░░░░░░░░ to get rid of ░░░░░░░░ we don t need ░░░░░░░░ keep vital investments that ░░░░░░░░ do this same group ░░░░░░░░ kept in place this ░░░░░░░░ cleaver called the sequester ░░░░░░░░ is just slashing all ░░░░░░░░ of important investments in ░░░░░░░░ and research and our ░░░░░░░░ All the things that ░░░░░░░░ needed to make this ░░░░░░░░ a magnet for good ░░░░░░░░ class jobs those things ░░░░░░░░ being cut And these ░░░░░░░░ don t just hurt ░░░░░░░░ economy in the long ░░░░░░░░ they hurt our middle ░░░░░░░░ right now The independent ░░░░░░░░ Budget Office estimates that ░░░░░░░░ cuts that are being ░░░░░░░░ right now in Washington ░░░░░░░░ cost our economy 750 ░░░░░░░░ jobs this year 900 ░░░░░░░░ fewer jobs next year ░░░░░░░░ a lot of the ░░░░░░░░ at risk are at ░░░░░░░░ businesses that contract with ░░░░░░░░ military or our federal ░░░░░░░░ Over the past four ░░░░░░░░ another 700 000 workers ░░░░░░░░ the federal state and ░░░░░░░░ levels of government have ░░░░░░░░ their jobs These are ░░░░░░░░ and firefighters and about ░░░░░░░░ of them are people ░░░░░░░░ work in our schools ░░░░░░░░ are real jobs It ░░░░░░░░ t help a company ░░░░░░░░ Amazon when a teacher ░░░░░░░░ a cop or a ░░░░░░░░ loses their job They ░░░░░░░░ t have money to ░░░░░░░░ an order That s ░░░░░░░░ of thousands of customers ░░░░░░░░ have less money to ░░░░░░░░ If those layoffs had ░░░░░░░░ happened if public sector ░░░░░░░░ grew like they did ░░░░░░░░ the past two recessions ░░░░░░░░ unemployment rate would be ░░░░░░░░ 5 percent instead of ░░░░░░░░ 5 percent Our economy ░░░░░░░░ be much better off ░░░░░░░░ the deficit would still ░░░░░░░░ going down because we ░░░░░░░░ be getting more tax ░░░░░░░░ So the point is ░░░░░░░░ Washington spent as much ░░░░░░░░ and energy these past ░░░░░░░░ years figuring out how ░░░░░░░░ grow our economy and ░░░░░░░░ our middle class as ░░░░░░░░ s spent manufacturing crises ░░░░░░░░ pursuit of a cut ░░░░░░░░ all costs approach to ░░░░░░░░ we d be much ░░░░░░░░ off We d be ░░░░░░░░ better off Applause And ░░░░░░░░ s not like we ░░░░░░░░ t have to cut ░░░░░░░░ deficits As a share ░░░░░░░░ the economy we ve ░░░░░░░░ our deficits by nearly ░░░░░░░░ since I took office ░░░░░░░░ And they re projected ░░░░░░░░ go down even further ░░░░░░░░ there s a right ░░░░░░░░ to do it and ░░░░░░░░ wrong way to do ░░░░░░░░ And we should do ░░░░░░░░ in a way that ░░░░░░░░ helps middle class families ░░░░░░░░ of hurts them Applause ░░░░░░░░ ve told Republicans that ░░░░░░░░ they re serious about ░░░░░░░░ balanced long term fiscal ░░░░░░░░ that replaces harmful budget ░░░░░░░░ that would get serious ░░░░░░░░ a long term plan ░░░░░░░░ prevents those 900 000 ░░░░░░░░ from being lost that ░░░░░░░░ grow the economy that ░░░░░░░░ the middle class I ░░░░░░░░ ready to go But ░░░░░░░░ can t lose sight ░░░░░░░░ our North Star We ░░░░░░░░ t allow an impasse ░░░░░░░░ long term fiscal challenges ░░░░░░░░ distract us from what ░░░░░░░░ middle class needs right ░░░░░░░░ So here s the ░░░░░░░░ line If folks in ░░░░░░░░ really want a grand ░░░░░░░░ how about a grand ░░░░░░░░ for middle class jobs ░░░░░░░░ How about a grand ░░░░░░░░ for middle class jobs ░░░░░░░░ don t want to ░░░░░░░░ through the same old ░░░░░░░░ where I propose an ░░░░░░░░ and the Republicans just ░░░░░░░░ no because it s ░░░░░░░░ idea Applause So I ░░░░░░░░ going to try offering ░░░░░░░░ that serious people in ░░░░░░░░ parties should be able ░░░░░░░░ support a deal that ░░░░░░░░ the tax code for ░░░░░░░░ businesses and creates good ░░░░░░░░ with good wages for ░░░░░░░░ class folks who work ░░░░░░░░ those businesses Right now ░░░░░░░░ knows this our tax ░░░░░░░░ is so riddled with ░░░░░░░░ and special interest tax ░░░░░░░░ that a lot of ░░░░░░░░ who are doing the ░░░░░░░░ thing and investing in ░░░░░░░░ pay 35 percent in ░░░░░░░░ taxes corporations who have ░░░░░░░░ fancy accountants and stash ░░░░░░░░ money overseas they pay ░░░░░░░░ or nothing in taxes ░░░░░░░░ s not fair and ░░░░░░░░ s not good for ░░░░░░░░ economy here So I ░░░░░░░░ willing to simplify our ░░░░░░░░ code closes those loopholes ░░░░░░░░ incentives to ship jobs ░░░░░░░░ lowers the rate for ░░░░░░░░ that are creating jobs ░░░░░░░░ here in America provides ░░░░░░░░ incentives for manufacturers that ░░░░░░░░ jobs home to the ░░░░░░░░ States Let s simplify ░░░░░░░░ for small business owners ░░░░░░░░ them incentives to invest ░░░░░░░░ they can spend less ░░░░░░░░ filling out complicated forms ░░░░░░░░ time expanding and hiring ░░░░░░░░ m willing to do ░░░░░░░░ that that should help ░░░░░░░░ and help them grow ░░░░░░░░ if we re going ░░░░░░░░ give businesses a better ░░░░░░░░ then we re also ░░░░░░░░ to have to give ░░░░░░░░ a better deal too ░░░░░░░░ I want to use ░░░░░░░░ of the money that ░░░░░░░░ save by closing these ░░░░░░░░ to create more good ░░░░░░░░ jobs with infrastructure initiatives ░░░░░░░░ I already talked about ░░░░░░░░ can build a broader ░░░░░░░░ of high tech manufacturing ░░░░░░░░ that leaders from both ░░░░░░░░ can support We can ░░░░░░░░ our community colleges arm ░░░░░░░░ workers with the skills ░░░░░░░░ a global economy demands ░░░░░░░░ these things would benefit ░░░░░░░░ middle class right now ░░░░░░░░ benefit our economy in ░░░░░░░░ years to come So ░░░░░░░░ here s the bottom ░░░░░░░░ I m willing to ░░░░░░░░ with Republicans on reforming ░░░░░░░░ corporate tax code as ░░░░░░░░ as we use the ░░░░░░░░ from transitioning to a ░░░░░░░░ tax system for a ░░░░░░░░ investment in creating middle ░░░░░░░░ jobs That s the ░░░░░░░░ Applause And I m ░░░░░░░░ going to keep on ░░░░░░░░ ideas out there to ░░░░░░░░ if something takes Laughter ░░░░░░░░ m going to lay ░░░░░░░░ my ideas to give ░░░░░░░░ middle class a better ░░░░░░░░ But now it s ░░░░░░░░ for Republicans to lay ░░░░░░░░ their ideas If they ░░░░░░░░ got a better plan ░░░░░░░░ bring back more manufacturing ░░░░░░░░ here to Tennessee and ░░░░░░░░ the country then let ░░░░░░░░ know let me know ░░░░░░░░ want to hear them ░░░░░░░░ they ve got a ░░░░░░░░ plan to create jobs ░░░░░░░░ our infrastructure or to ░░░░░░░░ workers earn the high ░░░░░░░░ skills that they need ░░░░░░░░ they should offer up ░░░░░░░░ ideas But I ve ░░░░░░░░ to tell you just ░░░░░░░░ our environmental protection that ░░░░░░░░ not a jobs plan ░░░░░░░░ investments in education that ░░░░░░░░ not a jobs plan ░░░░░░░░ keep on talking about ░░░░░░░░ an oil pipeline coming ░░░░░░░░ from Canada that s ░░░░░░░░ to create about 50 ░░░░░░░░ jobs that s not ░░░░░░░░ jobs plan Wasting the ░░░░░░░░ s time by taking ░░░░░░░░ like 40 meaningless votes ░░░░░░░░ repeal ObamaCare is not ░░░░░░░░ jobs plan That s ░░░░░░░░ a jobs plan Applause ░░░░░░░░ let s get serious ░░░░░░░░ I want to tell ░░░░░░░░ here the truth And ░░░░░░░░ know look I know ░░░░░░░░ the politics for Obama ░░░░░░░░ t always great in ░░░░░░░░ I understand that But ░░░░░░░░ want everybody to just ░░░░░░░░ the honest truth I ░░░░░░░░ run my last campaign ░░░░░░░░ I don t need ░░░░░░░░ spin Applause And here ░░░░░░░░ the truth there are ░░░░░░░░ gimmicks that create jobs ░░░░░░░░ are no simple tricks ░░░░░░░░ grow the economy Growing ░░░░░░░░ economy making sure that ░░░░░░░░ middle class is strong ░░░░░░░░ like getting in shape ░░░░░░░░ can t just go ░░░░░░░░ the muffin and doughnut ░░░░░░░░ and the latest fad ░░░░░░░░ lose weight You ve ░░░░░░░░ to work out and ░░░░░░░░ ve got to eat ░░░░░░░░ Well the same is ░░░░░░░░ for our economy The ░░░░░░░░ is true for helping ░░░░░░░░ middle class We ve ░░░░░░░░ to have a serious ░░░░░░░░ long term American strategy ░░░░░░░░ reverse the long term ░░░░░░░░ of middle class security ░░░░░░░░ give everybody a fair ░░░░░░░░ Applause And we know ░░░░░░░░ we have to do ░░░░░░░░ involves education It involves ░░░░░░░░ It involves research It ░░░░░░░░ good energy policy And ░░░░░░░░ just have to stay ░░░░░░░░ it more good jobs ░░░░░░░░ pay decent wages a ░░░░░░░░ bargain for the middle ░░░░░░░░ an economy that grows ░░░░░░░░ the middle out That ░░░░░░░░ got to be our ░░░░░░░░ We can t be ░░░░░░░░ into a whole bunch ░░░░░░░░ fads and pretend like ░░░░░░░░ roll back ObamaCare and ░░░░░░░░ all these jobs are ░░░░░░░░ to be created because ░░░░░░░░ middle class was struggling ░░░░░░░░ I came into office ░░░░░░░░ The middle class was ░░░░░░░░ ground before I came ░░░░░░░░ office Applause Jobs were ░░░░░░░░ shipped overseas before ObamaCare ░░░░░░░░ in place So we ░░░░░░░░ got to be honest ░░░░░░░░ ve got to be ░░░░░░░░ about the challenges we ░░░░░░░░ but also the opportunities ░░░░░░░░ are out there And ░░░░░░░░ s what I m ░░░░░░░░ to be focused on ░░░░░░░░ just for the next ░░░░░░░░ months I m going ░░░░░░░░ be focused for every ░░░░░░░░ of the 1 270 ░░░░░░░░ I ve got left ░░░░░░░░ my presidency on how ░░░░░░░░ make sure that we ░░░░░░░░ got more opportunity and ░░░░░░░░ security for everybody who ░░░░░░░░ willing to work hard ░░░░░░░░ this country That s ░░░░░░░░ I believe America needs ░░░░░░░░ go Applause And we ░░░░░░░░ do it if we ░░░░░░░░ together Chattanooga Let s ░░░░░░░░ to work Thank you ░░░░░░░░ much everybody God bless ░░░░░░░░ God bless the United ░░░░░░░░ of America.”