This election is about hope

Let me give you another example.

We want to put more Americans back to work rebuilding America, our roads, our railways, our runways.

When the housing sector collapsed and the recession hit, one in every four jobs lost were in the construction industry.

That’s partly why our economic plan has invested in badly needed infrastructure projects over the last 19 months, not just roads and bridges, but high-speed railroads and expanded broadband access.

Altogether, these projects have led to thousands of good, private sector jobs, especially for those in the trades.

Mr. Boehner and the Republicans in Congress said no to these projects.

Fought them tooth and nail.

Though I should say it didn’t stop a lot of them from showing up at the ribbon-cuttings trying to take credit.

That’s always a sight to see.

Now, there are still thousands of miles of railroads and railways and runways left to repair and improve, and engineers, economists, governors, mayors of every political stripe believe that if we want to compete in this global economy, we need to rebuild this vital infrastructure.

There is no reason Europe or China should have the fastest trains or the most modern airports.

We want to put people to work building them right here in America.
 
President Barack Obama said:
Let me give you another example.

We want to put more Americans back to work rebuilding America, our roads, our railways, our runways.

When the housing sector collapsed and the recession hit, one in every four jobs lost were in the construction industry.

That’s partly why our economic plan has invested in badly needed infrastructure projects over the last 19 months, not just roads and bridges, but high-speed railroads and expanded broadband access.

Altogether, these projects have led to thousands of good, private sector jobs, especially for those in the trades.

Mr. Boehner and the Republicans in Congress said no to these projects.

Fought them tooth and nail.

Though I should say it didn’t stop a lot of them from showing up at the ribbon-cuttings trying to take credit.

That’s always a sight to see.

Now, there are still thousands of miles of railroads and railways and runways left to repair and improve, and engineers, economists, governors, mayors of every political stripe believe that if we want to compete in this global economy, we need to rebuild this vital infrastructure.

There is no reason Europe or China should have the fastest trains or the most modern airports.

We want to put people to work building them right here in America.
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You lie!
 
I’ve proposed a six-year infrastructure plan that would start putting Americans to work right away.

But, despite the fact that this has traditionally been an issue with bipartisan support, Mr. Boehner has so far said no to infrastructure.

That’s bad for America, and that, too, is what this election is all about.
 
I’ll give you one final example of the differences between us and the Republicans, and that’s on the issue of tax cuts.

Under the tax plan passed by the last administration, taxes are scheduled to go up substantially next year, for everybody.

By the way, this was by design.

When they passed these tax cuts in 2001 and 2003, they didn’t want everybody to know what it would do to our deficit, so they pretended like they were going to end, even though now they say they don't.

Now, I believe we ought to make the tax cuts for the middle class permanent.

For the middle class, permanent.

These families are the ones who saw their wages and incomes flat-line over the last decade, you deserve a break.

You deserve some help, and because folks in the middle class are more likely to spend their tax cut on basic necessities, that strengthens the economy as a whole.

But, the Republican leader of the House doesn’t want to stop there.

Make no mistake.

He and his party believe we should also give a permanent tax cut to the wealthiest 2 percent of Americans.

With all the other budgetary pressures we have, with all the Republicans’ talk about wanting to shrink the deficit, they would have us borrow $700 billion over the next 10 years to give a tax cut of about $100,000 each to folks who are already millionaires.

Keep in mind wealthy Americans are just about the only folks who saw their incomes rise when Republicans were in charge, and these are the folks who are less likely to spend the money, which is why economists don’t think tax breaks for the wealthy would do much to boost the economy.

So, let me be clear to Mr. Boehner and everybody else.

We should not hold middle-class tax cuts hostage any longer.
 
President Barack Obama said:
I’ll give you one final example of the differences between us and the Republicans, and that’s on the issue of tax cuts.

Under the tax plan passed by the last administration, taxes are scheduled to go up substantially next year, for everybody.

By the way, this was by design.

When they passed these tax cuts in 2001 and 2003, they didn’t want everybody to know what it would do to our deficit, so they pretended like they were going to end, even though now they say they don't.

Now, I believe we ought to make the tax cuts for the middle class permanent.

For the middle class, permanent.

These families are the ones who saw their wages and incomes flat-line over the last decade, you deserve a break.

You deserve some help, and because folks in the middle class are more likely to spend their tax cut on basic necessities, that strengthens the economy as a whole.

But, the Republican leader of the House doesn’t want to stop there.

Make no mistake.

He and his party believe we should also give a permanent tax cut to the wealthiest 2 percent of Americans.

With all the other budgetary pressures we have, with all the Republicans’ talk about wanting to shrink the deficit, they would have us borrow $700 billion over the next 10 years to give a tax cut of about $100,000 each to folks who are already millionaires.

Keep in mind wealthy Americans are just about the only folks who saw their incomes rise when Republicans were in charge, and these are the folks who are less likely to spend the money, which is why economists don’t think tax breaks for the wealthy would do much to boost the economy.

So, let me be clear to Mr. Boehner and everybody else.

We should not hold middle-class tax cuts hostage any longer.
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You lie!
 
We are ready, this week, if they want, to give tax cuts to every American making $250,000 or less.

That's 98-97 percent of Americans.

Now, for any income over this amount, the tax rates would just go back to what they were under President Clinton.

This isn’t to punish folks who are better off, God bless them.

It’s because we can’t afford the $700 billion price tag, and for those who claim that our approach would somehow be bad for growth and bad for small businesses, let me remind you that with those tax rates in place, under President Clinton, this country created 22 million jobs and raised incomes and had the largest surplus in our history.

In fact, if the Republican leadership in Congress really wants to help small businesses, they’ll stop using legislative maneuvers to block an up or down vote on a small business jobs bill that’s before the Senate right now.

Right now.
 
President Barack Obama said:
We are ready, this week, if they want, to give tax cuts to every American making $250,000 or less.

That's 98-97 percent of Americans.

Now, for any income over this amount, the tax rates would just go back to what they were under President Clinton.

This isn’t to punish folks who are better off, God bless them.

It’s because we can’t afford the $700 billion price tag, and for those who claim that our approach would somehow be bad for growth and bad for small businesses, let me remind you that with those tax rates in place, under President Clinton, this country created 22 million jobs and raised incomes and had the largest surplus in our history.

In fact, if the Republican leadership in Congress really wants to help small businesses, they’ll stop using legislative maneuvers to block an up or down vote on a small business jobs bill that’s before the Senate right now.

Right now.
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You lie!
 
This is a bill that would do two things.

It would cut taxes for small businesses and make loans more available for small businesses.

It is fully paid for, won't add to the deficit, and it was written by Democrats and Republicans.

And yet, the other party continues to block this jobs bill, a delay that small business owners have said is actually leading them to put off hiring.
 
President Barack Obama said:
This is a bill that would do two things.

It would cut taxes for small businesses and make loans more available for small businesses.

It is fully paid for, won't add to the deficit, and it was written by Democrats and Republicans.

And yet, the other party continues to block this jobs bill, a delay that small business owners have said is actually leading them to put off hiring.
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You lie!
 
Look, I recognize that most of the Republicans in Congress have said no to just about every policy I’ve proposed since taking office.

I realize in some cases that there are genuine philosophical differences. But on issues like this one, a tax cut for small businesses supported by the Chamber of Commerce, the only reason they’re holding this up is politics, pure and simple.

They’re making the same calculation they made just before my inauguration.

If I fail, they win.

Well, they might think that this will get them to where they want to go in November, but it won’t get our country going where it needs to go in the long run.

It won’t get us there.

So that’s the choice.
 
Do we return to the same failed policies that ran our economy into a ditch, or do we keep moving forward with policies that are slowly pulling us out?

Do we settle for a slow decline, or do we reach for an America with a growing economy and a thriving middle class?

That’s the America that I see.

We may not be there yet, but we know where this country needs to go.
 
President Barack Obama said:
Do we return to the same failed policies that ran our economy into a ditch, or do we keep moving forward with policies that are slowly pulling us out?

Do we settle for a slow decline, or do we reach for an America with a growing economy and a thriving middle class?

That’s the America that I see.

We may not be there yet, but we know where this country needs to go.
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You lie!
 
We see a future where we invest in American innovation and American ingenuity, where we export more goods so we create more jobs here at home, where we make it easier to start a business or patent an invention, where we build a homegrown, clean energy industry, because I don’t want to see new solar panels or electric cars or advanced batteries manufactured in Europe or Asia.

I want to see them made right here in the U.S. of A by American workers.
 
We see an America where every citizen has the skills and training to compete with any worker in the world.

That’s why we’ve set a goal to once again have the highest proportion of college graduates in the world by 2020.

That’s why we’re reforming our education system based on what works for our children, not what perpetuates the status quo.
 
President Barack Obama said:
We see an America where every citizen has the skills and training to compete with any worker in the world.

That’s why we’ve set a goal to once again have the highest proportion of college graduates in the world by 2020.

That’s why we’re reforming our education system based on what works for our children, not what perpetuates the status quo.
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You lie!
 
We see an America where a growing middle class is the beating heart of a growing economy.

That’s why I kept my campaign promise and gave a middle-class tax cut to 95percent of working Americans.
 
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