Canceled.LTroll.8
Banned
In every case, we’ve been guided by a simple idea.
Government can’t generate the jobs or growth we need by itself, but what government can do is lay the foundation for small businesses to expand and to hire, for entrepreneurs to open up shop and test new products, for workers to get the training they need for the jobs of the 21st century, and for families to achieve some semblance of economic security.
So our goal has never been to create a government program, but rather to unleash private sector growth, and we are seeing results.
There are 4.5 million unemployed workers already hired whose employers are eligible for a payroll tax exemption, a tax break that I signed into law earlier this year.
The Council of Economic Advisers put out a detailed report and it showed that for things like tax credits that go to advanced energy manufacturing or loan guarantees for small businesses or financing for infrastructure projects, we’re leveraging nearly three private dollars for every public dollar that’s spent.
That’s an incredible bang for our buck.
By making critical seed money available, we’ve attracted more than $280 billion in investment from private companies and others, which will mean new jobs and brighter futures for families and communities across the country, and by the way, these aren’t just any jobs.
These are jobs in the industries of the future, and here’s another benefit.
That not only means more jobs, but it also means we’re going to be less dependent on foreign oil.
So taken together, these are the efforts that are going to create jobs and help build a stronger economy in the long run.
As a result of the steps that we took, an economy that was shrinking is now growing.
We were bleeding jobs at a rate of 750,000 per month the January that I was sworn in.
Now the economy is adding private sector jobs and has been for six straight months.
Now, this doesn’t mean that we’re out of the woods, not by a long shot.
But it does mean that there are small business owners who’ve been able to get the loans they need to hire a few more people.
It means there are salespeople with a few more dollars in their pockets because customers are buying again.
It means there are innovators and entrepreneurs finally able to take a chance on a new idea, and it means there are construction workers heading to the jobsite each day because our country is slowly coming back from this vicious recession.
The progress we’ve made so far is not nearly enough to undo the enormous damage that this recession caused, and I’ve said since the first day I took office, it’s going to take time to reverse the toll of the deepest downturn in a generation.
I won’t be satisfied as long as even one person who needs a job and wants to work can’t find one.
But what I’m absolutely clear about is that we are headed in the right direction, and that the surest way out of the storms we’ve been in is to keep moving forward and not go backwards.
There are some folks who want to go back, who think that we should return to the policies that helped to lead to this recession.
Some of them made the political calculation that it’s better to obstruct than to lend a hand.
They said no to tax cuts, they said no to small business loans, they said no to clean energy projects.
Now, it doesn’t stop them from being at ribbon-cuttings , but that’s okay.
I want folks who have been pushing against these economic policies to explain to these workers why it would be better for things to be manufactured in other countries, or why the solar plants and wind turbines and biodiesel refineries that are being built shouldn’t have happened.
Most workers and most entrepreneurs understand we’re not in the clear yet, but they understand we’re headed in the right direction.
There’s something about America, that no matter what the trials are, what the tribulations are, we stay optimistic and we keep going forward, and we know if we work hard enough and we’re determined enough, if we try as hard as we can and if we’re willing to experiment, and if things don’t work we put them aside, but we keep on going, that sooner or later we’re going to see a brighter day, and we’re going to pass on a better America to our children and our grandchildren.
That’s been our history.
That’s the legacy that we inherit.
I want you to understand these have been a tough few years, but we have been through tough times before, and at our best we’ve risen to the challenges we face by tapping the drive and the talent and the ingenuity that has always been at the heart of America’s success, and that’s what’s happening all across America as we speak.
That’s not only how we’re going to emerge from this period of turmoil.
That’s how we’re going to actually come out stronger than we were before.
Government can’t generate the jobs or growth we need by itself, but what government can do is lay the foundation for small businesses to expand and to hire, for entrepreneurs to open up shop and test new products, for workers to get the training they need for the jobs of the 21st century, and for families to achieve some semblance of economic security.
So our goal has never been to create a government program, but rather to unleash private sector growth, and we are seeing results.
There are 4.5 million unemployed workers already hired whose employers are eligible for a payroll tax exemption, a tax break that I signed into law earlier this year.
The Council of Economic Advisers put out a detailed report and it showed that for things like tax credits that go to advanced energy manufacturing or loan guarantees for small businesses or financing for infrastructure projects, we’re leveraging nearly three private dollars for every public dollar that’s spent.
That’s an incredible bang for our buck.
By making critical seed money available, we’ve attracted more than $280 billion in investment from private companies and others, which will mean new jobs and brighter futures for families and communities across the country, and by the way, these aren’t just any jobs.
These are jobs in the industries of the future, and here’s another benefit.
That not only means more jobs, but it also means we’re going to be less dependent on foreign oil.
So taken together, these are the efforts that are going to create jobs and help build a stronger economy in the long run.
As a result of the steps that we took, an economy that was shrinking is now growing.
We were bleeding jobs at a rate of 750,000 per month the January that I was sworn in.
Now the economy is adding private sector jobs and has been for six straight months.
Now, this doesn’t mean that we’re out of the woods, not by a long shot.
But it does mean that there are small business owners who’ve been able to get the loans they need to hire a few more people.
It means there are salespeople with a few more dollars in their pockets because customers are buying again.
It means there are innovators and entrepreneurs finally able to take a chance on a new idea, and it means there are construction workers heading to the jobsite each day because our country is slowly coming back from this vicious recession.
The progress we’ve made so far is not nearly enough to undo the enormous damage that this recession caused, and I’ve said since the first day I took office, it’s going to take time to reverse the toll of the deepest downturn in a generation.
I won’t be satisfied as long as even one person who needs a job and wants to work can’t find one.
But what I’m absolutely clear about is that we are headed in the right direction, and that the surest way out of the storms we’ve been in is to keep moving forward and not go backwards.
There are some folks who want to go back, who think that we should return to the policies that helped to lead to this recession.
Some of them made the political calculation that it’s better to obstruct than to lend a hand.
They said no to tax cuts, they said no to small business loans, they said no to clean energy projects.
Now, it doesn’t stop them from being at ribbon-cuttings , but that’s okay.
I want folks who have been pushing against these economic policies to explain to these workers why it would be better for things to be manufactured in other countries, or why the solar plants and wind turbines and biodiesel refineries that are being built shouldn’t have happened.
Most workers and most entrepreneurs understand we’re not in the clear yet, but they understand we’re headed in the right direction.
There’s something about America, that no matter what the trials are, what the tribulations are, we stay optimistic and we keep going forward, and we know if we work hard enough and we’re determined enough, if we try as hard as we can and if we’re willing to experiment, and if things don’t work we put them aside, but we keep on going, that sooner or later we’re going to see a brighter day, and we’re going to pass on a better America to our children and our grandchildren.
That’s been our history.
That’s the legacy that we inherit.
I want you to understand these have been a tough few years, but we have been through tough times before, and at our best we’ve risen to the challenges we face by tapping the drive and the talent and the ingenuity that has always been at the heart of America’s success, and that’s what’s happening all across America as we speak.
That’s not only how we’re going to emerge from this period of turmoil.
That’s how we’re going to actually come out stronger than we were before.
