The President Talks About How to Build a Rising, Thriving Middle Class
WASHINGTON, DC—In this week’s address, President Obama talked about his belief that a rising, thriving middle class is the true engine of economic growth, and that to reignite that engine and continue to build on the progress we’ve made over the last four years, we need to invest in three areas: jobs, skills and opportunity.
The audio of the address and video of the address will be available online at www.whitehouse.gov at 6:00 a.m. ET, May 18, 2013
Remarks of President Barack Obama
As Prepared for Delivery
The White House
May 17, 2013
Hi, everybody. Over the past few months, I’ve laid out a series of commonsense ideas to reignite the true engine of our economic growth: a rising, thriving middle class.
The way I see it, there are three areas where we need to focus. One: making America a magnet for good jobs. Two: making sure our workers have the education and skills they need to do those jobs. And three: making sure your hard work leads to a decent living.
I’ve also been visiting cities across the country that are doing some interesting and creative things along these lines.
On Friday, I stopped by a factory in Baltimore that’s creating good jobs here at home by exporting digging equipment abroad.
I read with young kids in a pre-K program, where kids are getting a head start learning the skills they’ll need to succeed in life.
And I stopped by a program that’s helping folks in tough circumstances – especially low-income dads – get the training and guidance they need to find work and support their families.
That’s why I like getting out of the Washington echo chamber whenever I can – because too often, our politics aren’t focused on the same things you are. Working hard. Supporting your family and your community. Making sure your kids have every chance in life.
More than anything, the American people make me optimistic about where we’re headed as a nation. Especially after all we’ve been through the past several years. And that should encourage us to work even harder on the issues that matter to you.
In a little over three years, our businesses have created more than 6.5 million new jobs. And while our unemployment rate is still too high, it’s the lowest it’s been since 2008. But now we need to create even more good, middle-class jobs, and we need to do it faster.
Corporate profits have skyrocketed to all-time highs. But now we need to get middle-class wages and incomes rising too.
Our housing market is healing. But we still need to help a lot more families stay in their homes, or refinance to take advantage of historically low rates.
And our deficits are shrinking at the fastest rate in decades. But now we need to budget in a smarter way that doesn’t hurt middle-class families or harm critical investments in our future.
So in a lot of sectors, things are looking up. The American auto industry is thriving. American energy is booming. And American ingenuity in our tech sector has the potential to change the way we do almost everything.
In the coming weeks, I’m going to visit more cities like Baltimore, and Austin, Texas – where I was two weeks ago; places where Americans are coming together to strengthen their own communities and economies – and in the process, making this country better for all of us.
And I’m going to keep trying to work with both parties in Washington to make progress on your priorities. Because I know that if we come together around creating more jobs, educating more of our kids, and building new ladders of opportunity for everyone who’s willing to climb them – we’ll all prosper, together.
Thanks. And have a great weekend.