Saturday, January 28, 2012

State of the Union 2012: Dream Act

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Let's also remember that hundreds of thousands of talented, hardworking students in this country face another challenge: The fact that they aren't yet American citizens. Many were brought here as small children, are American through and through, yet they live every day with the threat of deportation. Others came more recently, to study business and science and engineering, but as soon as they get their degree, we send them home to invent new products and create new jobs somewhere else.

That doesn't make sense.

I believe as strongly as ever that we should take on illegal immigration. That's why my Administration has put more boots on the border than ever before. That's why there are fewer illegal crossings than when I took office.

The opponents of action are out of excuses. We should be working on comprehensive immigration reform right now. But if election-year politics keeps Congress from acting on a comprehensive plan, let's at least agree to stop expelling responsible young people who want to staff our labs, start new businesses, and defend this country. Send me a law that gives them the chance to earn their citizenship. I will sign it right away.

State of the Union 2012: Clean Energy and Job Creation

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I will not cede the wind or solar or battery industry to China or Germany because we refuse to make the same commitment here. We have subsidized oil companies for a century. That's long enough. It's time to end the taxpayer giveaways to an industry that's rarely been more profitable, and double-down on a clean energy industry that's never been more promising. Pass clean energy tax credits and create these jobs.

State of the Union 2012: Rebuilding America

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Building this new energy future should be just one part of a broader agenda to repair America's infrastructure. So much of America needs to be rebuilt. We've got crumbling roads and bridges. A power grid that wastes too much energy. An incomplete high-speed broadband network that prevents a small business owner in rural America from selling her products all over the world.

During the Great Depression, America built the Hoover Dam and the Golden Gate Bridge. After World War II, we connected our States with a system of highways. Democratic and Republican administrations invested in great projects that benefited everybody, from the workers who built them to the businesses that still use them today.

In the next few weeks, I will sign an Executive Order clearing away the red tape that slows down too many construction projects. But you need to fund these projects. Take the money we're no longer spending at war, use half of it to pay down our debt, and use the rest to do some nation-building right here at home.

State of the Union 2012: Buffett Rule

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But in return, we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes. Tax reform should follow the Buffett rule: If you make more than $1 million a year, you should not pay less than 30 percent in taxes. And my Republican friend Tom Coburn is right: Washington should stop subsidizing millionaires. In fact, if you're earning a million dollars a year, you shouldn't get special tax subsidies or deductions. On the other hand, if you make under $250,000 a year, like 98 percent of American families, your taxes shouldn't go up. You're the ones struggling with rising costs and stagnant wages. You're the ones who need relief.

Now, you can call this class warfare all you want. But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense.

We don't begrudge financial success in this country. We admire it. When Americans talk about folks like me paying my fair share of taxes, it's not because they envy the rich. It's because they understand that when I get tax breaks I don't need and the country can't afford, it either adds to the deficit, or somebody else has to make up the difference -- like a senior on a fixed income; or a student trying to get through school; or a family trying to make ends meet. That's not right. Americans know it's not right. They know that this generation's success is only possible because past generations felt a responsibility to each other, and to their country's future, and they know our way of life will only endure if we feel that same sense of shared responsibility. That's how we'll reduce our deficit. That's an America built to last

President Obama's Record on Jobs - Obama for America 2012 Ad

President Obama's Record on Jobs - Obama for America 2012 Ad

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After taking office, President Obama signed the Recovery Act to help get our economy back on track. As a result:

-The U.S. has seen 22 consecutive months of private-sector job growth. -The private sector added more than 3.1 million jobs over those 22 months,.

-Manufacturing added 334,000 jobs in the last two years, the first time since 1997 that manufacturing employment rose.

-The President passed legislation to create jobs and supporting working Americans, including:

-A payroll tax cut for all working families, providing the average working family with a $1,000 tax cut in 2011.

-Expansion of small business loan programs to help small business access credit and create jobs.

-Initiatives to help veterans transition to post-service careers. -Tax incentives for businesses that hire unemployed veterans.

The President's decision to provide emergency loans to the auto industry:

-Saved more than 1.4 million American jobs.

-Prevented personal income losses over two years of more than $96 billion.

-Helped make the big three (Chrysler, GM, and Ford) all profitable for the first time in years.

Ted Kennedy Endorses Barack Obama

You should be with us in 2012: http://my.barackobama.com/tkennedyvid At an event at American University, the Kennedys speak of the leadership and character of Barack Obama, their choice for President of the United States.