Showing posts with label White House. Show all posts
Showing posts with label White House. Show all posts

Tuesday, March 6, 2012

Text of President Obama's White House Press Conference of March 6, 2012


THE WHITE HOUSE

Office of the Press Secretary

PRESS CONFERENCE BY THE PRESIDENT


1:15 P.M. EST


THE PRESIDENT: Good afternoon, everybody. Now, I understand there are some political contests going on tonight, but I thought I’d start the day off by taking a few questions, which I’m sure will not be political in nature. (Laughter.) Before I do, I want to make a few announcements about some steps we’re taking to help responsible homeowners who’ve been struggling through this housing crisis.



We've clearly seen some positive economic news over the last few months. Businesses have created about 3.7 million new jobs over the last two years. Manufacturers are hiring for the first time since the 1990s. The auto industry is back and hiring more than 200,000 people over the last few years. Confidence is up. And the economy is getting stronger.



But there are still millions of Americans who can’t find a job. There are millions more who are having a tough time making the rent or the mortgage, paying for gas or groceries. So our job in Washington isn’t to sit back and do nothing. And it’s certainly not to stand in the way of this recovery. Right now we've got to do everything we can to speed it up.



Now, Congress did the right thing when they passed part of my jobs plan and prevented a tax hike on 160 million working Americans this year. And that was a good first step. But it’s not enough. They can’t just stop there and wait for the next election to come around. There are a few things they can do right now that could make a real difference in people’s lives.



This Congress should, once and for all, end tax breaks for companies that are shipping jobs overseas, and use that money to reward companies that are creating jobs here in the United States. I’ve put forward a proposal that does just that, and there’s no reason why Congress can't come together and start acting on it.



This Congress could hold a vote on the Buffett Rule so that we don’t have billionaires paying a lower tax rate than their secretaries. That’s just common sense. The vast majority of Americans believe it’s common sense. And if we’re serious about paying down our deficit, it’s as good a place to start as any.



And finally, this Congress should pass my proposal to give every responsible homeowner a chance to save an average of $3,000 a year by refinancing their mortgage at historically low rates. No red tape. No runaround from the banks. If you’ve been on time on your payments, if you've done the right thing, if you've acted responsibly, you should have a chance to save that money on your home -- perhaps to build up your equity, or just to have more money in your pocket that you can spend on businesses in your community. That would make a huge difference for millions of American families.



Now, if Congress refuses to act, I’ve said that I’ll continue to do everything in my power to act without them. Last fall, we announced an initiative that allows millions of responsible homeowners to refinance at low interest rates. Today we're taking it a step further -- we are cutting by more than half the refinancing fees that families pay for loans ensured by the Federal Housing Administration. That's going to save the typical family in that situation an extra $1,000 a year, on top of the savings that they'd also receive from refinancing. That would make refinancing even more attractive to more families. It's like another tax cut that will put more money in people's pockets. We're going to do this on our own. We don't need congressional authorization to do it.



We're also taking a series of steps to help homeowners who have served our country. It is unconscionable that members of our armed forces and their families have been some of those who have been most susceptible to losing their homes due to the actions of unscrupulous banks and mortgage lenders. Over the last few years that happened -- a lot.



So as part of the landmark settlement we reached with some of the nation's largest banks a few weeks ago, here's what we're going to do: If you are a member of the armed forces whose home was wrongfully foreclosed, you will be substantially compensated for what the bank did to you and your family. If you are a member of the armed forces with a high interest rate who was wrongfully denied the chance to lower it while you were in active serve, which banks are required to do by law, the banks will refund you the money you would have saved along with a significant penalty.



The settlement will make sure that you aren't forced into foreclosure just because you have a permanent change in station but can't sell your home because you owe more than it's worth. Some of the money will also go into a fund that guarantees loans on favorable terms to our veterans, and there will be more foreclosure protections for every man and woman who is currently serving this country in harm's way.



As I've said before, no amount of money is going to be enough to make it right for a family who has had their piece of the American Dream wrongfully taken away from them, and no action -- no matter how meaningful -- will entirely heal our housing market on its own. This is not something the government by itself can solve. But I'm not one of those people who believe that we should just sit by and wait for the housing market to hit bottom. There are real things that we can do right now that would make a substantial difference in the lives of innocent, responsible homeowners. That's true in housing, and that's true in any number of different areas when it comes to ensuring that this recovery touches as many lives as possible. That's going to be my top priority as long as I hold this office, and I will do everything I can to make that progress.



So with that I'm going to take some questions, and I will start with Mike Viqueira.



Q Yes, sir. On the Middle East and as it relates to American politics, a little less than a year ago Moammar Qaddafi gave a speech, and he said he was going to send his forces to Benghazi, he was going to rout opponents from their bedrooms and he was going to shoot them. You frequently cited that speech as a justification for NATO, the no-fly zone and military action against Libya. In Syria, Bashar al Assad is killing people. There's a massacre underway. And your critics here in the United States, including, most notably, John McCain, said you should start air strikes now.



And on Iran, Mitt Romney, on Sunday, went so far as to say that if you are re-elected, Iran will get a bomb and the world will change. How do you respond to those criticisms?



THE PRESIDENT: All right, Mike, you've asked a couple of questions there, so let me -- let’s start with the Iran situation since that’s been the topic in the news for the last few days.



When I came into office, Iran was unified, on the move, had made substantial progress on its nuclear program, and the world was divided in terms of how to deal with it. What we’ve been able to do over the last three years is mobilize unprecedented, crippling sanctions on Iran. Iran is feeling the bite of these sanctions in a substantial way. The world is unified; Iran is politically isolated.



And what I have said is, is that we will not countenance Iran getting a nuclear weapon. My policy is not containment; my policy is to prevent them from getting a nuclear weapon -- because if they get a nuclear weapon that could trigger an arms race in the region, it would undermine our non-proliferation goals, it could potentially fall into the hands of terrorists. And we’ve been in close consultation with all our allies, including Israel, in moving this strategy forward.



At this stage, it is my belief that we have a window of opportunity where this can still be resolved diplomatically. That’s not just my view. That’s the view of our top intelligence officials; it’s the view of top Israeli intelligence officials. And, as a consequence, we are going to continue to apply the pressure even as we provide a door for the Iranian regime to walk through where they could rejoin the community of nations by giving assurances to the international community that they’re meeting their obligations and they are not pursuing a nuclear weapon.



That’s my track record. Now, what’s said on the campaign trail -- those folks don’t have a lot of responsibilities. They’re not Commander-in-Chief. And when I see the casualness with which some of these folks talk about war, I’m reminded of the costs involved in war. I’m reminded that the decision that I have to make in terms of sending our young men and women into battle, and the impacts that has on their lives, the impact it has on our national security, the impact it has on our economy.



This is not a game. There’s nothing casual about it. And when I see some of these folks who have a lot of bluster and a lot of big talk, but when you actually ask them specifically what they would do, it turns out they repeat the things that we’ve been doing over the last three years, it indicates to me that that’s more about politics than actually trying to solve a difficult problem.



Now, the one thing that we have not done is we haven’t launched a war. If some of these folks think that it’s time to launch a war, they should say so. And they should explain to the American people exactly why they would do that and what the consequences would be. Everything else is just talk.



Q That goes to Syria as well?



THE PRESIDENT: With respect to Syria, what’s happening in Syria is heartbreaking and outrageous, and what you’ve seen is the international community mobilize against the Assad regime. And it’s not a question of when Assad leaves -- or if Assad leaves -- it’s a question of when. He has lost the legitimacy of his people. And the actions that he's now taking against his own people is inexcusable, and the world community has said so in a more or less unified voice.



On the other hand, for us to take military action unilaterally, as some have suggested, or to think that somehow there is some simple solution, I think is a mistake. What happened in Libya was we mobilized the international community, had a U.N. Security Council mandate, had the full cooperation of the region, Arab states, and we knew that we could execute very effectively in a relatively short period of time. This is a much more complicated situation.



So what we've done is to work with key Arab states, key international partners -- Hillary Clinton was in Tunisia -- to come together and to mobilize and plan how do we support the opposition; how do we provide humanitarian assistance; how do we continue the political isolation; how do we continue the economic isolation. And we are going to continue to work on this project with other countries. And it is my belief that, ultimately, this dictator will fall, as dictators in the past have fallen.



But the notion that the way to solve every one of these problems is to deploy our military, that hasn't been true in the past and it won't be true now. We've got to think through what we do through the lens of what's going to be effective, but also what's critical for U.S. security interests.



Jake Tapper.



Q Thank you, Mr. President. What kind of assurances did you give Prime Minister Netanyahu about the role that the U.S. would play if diplomacy and economic sanctions fail to work to convince Iran's leaders to change their behavior, and Israel goes ahead and prepares to strike a nuclear facility? What kind of assurances did you tell him? And shouldn’t we -- I recognize the difference between debate and bluster -- but shouldn’t we be having in this country a vigorous debate about what could happen in the case of a Middle East war in a way that, sadly, we did not do before going into Iraq?



THE PRESIDENT: Well, I think there's no doubt that those who are suggesting, or proposing, or beating the drums of war should explain clearly to the American people what they think the costs and benefits would be.



I'm not one of those people -- because what I've said is, is that we have a window through which we can resolve this issue peacefully. We have put forward an international framework that is applying unprecedented pressure. The Iranians just stated that they are willing to return to the negotiating table. And we've got the opportunity, even as we maintain that pressure, to see how it plays out.



I'm not going to go into the details of my conversation with Prime Minister Netanyahu. But what I said publicly doesn’t differ greatly from what I said privately. Israel is a sovereign nation that has to make its own decisions about how best to preserve its security. And as I said over the last several days, I am deeply mindful of the historical precedents that weigh on any Prime Minister of Israel when they think about the potential threats to Israel and the Jewish homeland.



What I've also said is that because sanctions are starting to have significant effect inside of Iran -- and that's not just my assessment, that's, I think, a uniform assessment -- because the sanctions are going to be even tougher in the coming months, because they're now starting to affect their oil industry, their central bank, and because we're now seeing noises about them returning to the negotiating table, that it is deeply in everybody's interests -- the United States, Israel and the world's -- to see if this can be resolved in a peaceful fashion.



And so this notion that somehow we have a choice to make in the next week or two weeks, or month or two months, is not borne out by the facts. And the argument that we've made to the Israelis is that we have made an unprecedented commitment to their security. There is an unbreakable bond between our two countries, but one of the functions of friends is to make sure that we provide honest and unvarnished advice in terms of what is the best approach to achieve a common goal -- particularly one in which we have a stake. This is not just an issue of Israeli interest; this is an issue of U.S. interests. It's also not just an issue of consequences for Israel if action is taken prematurely. There are consequences to the United States as well.



And so I do think that any time we consider military action that the American people understand there's going to be a price to pay. Sometimes it's necessary. But we don't do it casually.



When I visit Walter Reed, when I sign letters to families that haven't -- whose loved ones have not come home, I am reminded that there is a cost. Sometimes we bear that cost. But we think it through. We don't play politics with it. When we have in the past -- when we haven't thought it through and it gets wrapped up in politics, we make mistakes. And typically, it's not the folks who are popping off who pay the price. It's these incredible men and women in uniform and their families who pay the price.



And as a consequence, I think it's very important for us to take a careful, thoughtful, sober approach to what is a real problem. And that's what we've been doing over the last three years. That's what I intend to keep doing.



Q Sir, I'm sorry, if I could just quickly follow up -- you didn't --



THE PRESIDENT: Jake --



Q You might not be beating the drums of war, but you did very publicly say, we've got Israel's back. What does that mean?



THE PRESIDENT: What it means is, is that, historically, we have always cooperated with Israel with respect to the defense of Israel, just like we do with a whole range of other allies -- just like we do with Great Britain, just like we do with Japan. And that broad statement I think is confirmed when you look at what we’ve done over the last three years on things like Iron Dome that prevents missiles from raining down on their small towns along border regions of Israel, that potentially land on schools or children or families. And we’re going to continue that unprecedented security -- security commitment.



It was not a military doctrine that we were laying out for any particular military action. It was a restatement of our consistent position that the security of Israel is something I deeply care about, and that the deeds of my administration over the last three years confirms how deeply we care about it. That’s a commitment we’ve made.



Jackie. Where’s Jackie? There you are.



Q With the news this morning that the U.S. and its allies are returning to the table, are taking up Iran’s offer to talk again, more than a year after those talks broke up in frustration, is this Israel’s -- Iran’s last chance to negotiate an end to this nuclear question?



And you said three years ago -- nearly three years ago, in a similar one-on-one meeting with Prime Minister Netanyahu, that the time for talk -- by the end of that year, 2009, you would be considering whether Iran was negotiating in good faith. And you said at that time that “we’re not going to have talks forever.” So here we are nearly three years later. Is this it? And did you think you would be here three years after those first talks?



THE PRESIDENT: You know, there is no doubt that over the last three years when Iran has engaged in negotiations there has been hemming and hawing and stalling and avoiding the issues in ways that the international community has concluded were not serious. And my expectations, given the consequences of inaction for them, the severe sanctions that are now being applied, the huge toll it’s taking on their economy, the degree of isolation that they’re feeling right now -- which is unprecedented -- they understand that the world community means business.



To resolve this issue will require Iran to come to the table and discuss in a clear and forthright way how to prove to the international community that the intentions of their nuclear program are peaceful. They know how to do that. This is not a mystery. And so it’s going to be very important to make sure that, on an issue like this -- there are complexities; it obviously has to be methodical. I don’t expect a breakthrough in a first meeting, but I think we will have a pretty good sense fairly quickly as to how serious they are about resolving the issue.



And there are steps that they can take that would send a signal to the international community and that are verifiable, that would allow them to be in compliance with international norms, in compliance with international mandates, abiding by the non-proliferation treaty, and provide the world an assurance that they’re not pursuing a nuclear weapon. They know how to do it, and the question is going to be whether in these discussions they show themselves moving clearly in that direction.



Ed Henry.



Q Thank you, Mr. President. I wanted to follow up on Israel and Iran because you have said repeatedly you have Israel’s back. And so I wonder why, three years in office, you have not visited Israel as President. And related to Iran and Israel, you have expressed concern about this loose talk of war, as you call it, driving up gas prices further. Your critics will say on Capitol Hill that you want gas prices to go higher because you have said before, that will wean the American people off fossil fuels, onto renewable fuels. How do you respond to that?



THE PRESIDENT: Ed, just from a political perspective, do you think the President of the United States going into reelection wants gas prices to go up higher? (Laughter.) Is that -- is there anybody here who thinks that makes a lot of sense?



Look, here’s the bottom line with respect to gas prices. I want gas prices lower because they hurt families; because I meet folks every day who have to drive a long way to get to work and them filling up this gas tank gets more and more painful, and it’s a tax out of their pocketbooks, out of their paychecks, and a lot of folks are already operating on the margins right now.



And it's not good for the overall economy, because when gas prices go up, consumer spending oftentimes pulls back. And we're in the midst right now of a recovery that is starting to build up steam, and we don’t want to reverse it.



What I have also said about gas prices is that there is no silver bullet and the only way we're going to solve this problem over the medium and long term is with an all-of-the-above strategy that says we're going to increase production -- which has happened; we are going to make sure that we are conserving energy -- that’s why we doubled fuel efficiency standards on cars, which will save consumers about $1.7 trillion and take about 12 billion barrels of oil offline, which will help to reduce prices -- and we're going develop clean energy technologies that allow us to continue to use less oil.



And we've made progress. I mean, the good news is, 2010, first time in a decade that our oil imports were actually below 50 percent, and they have kept on going down. And we're going to keep on looking at every strategy we can to, yes, reduce the amount of oil that we use, while maintaining our living standards and maintaining our productivity and maintaining our economic growth, and we're going to do everything we can to make sure that consumers aren't hurt by it.



Now, there are some short-term steps that we're looking at with respect to -- for example, there are certain potential bottlenecks in refineries around the country that we've been concerned about. We're concerned about what's happening in terms of production around the world. It's not just what's happening in the Gulf. You've had, for example, in Sudan, some oil that’s been taken offline that’s helping to restrict supply.



So we're going to look at a whole range of measures -- including, by the way, making sure that my Attorney General is paying attention to potential speculation in the oil markets. I've asked him to reconstitute a task force that’s examining that.



But we go through this every year. We've gone through this for 30 years. And if we are going to be competitive, successful, and make sure families are protected over the long term, then we've got to make sure that we've got a set of options that reduce our overall dependence on oil.



And with respect to Israel, I am not the first President who has been unable, because of a whole range of issues, not to visit Israel as President in their first term. I visited Israel twice as senator, once right before I became President. The measure of my commitment to Israel is not measured by a single visit. The measure of my commitment to Israel is seen in the actions that I've taken as President of the United States. And it is indisputable that I've had Israel's back over the last three years.



Aamer Madhani.



Q Thank you, Mr. President. Do you believe Rush Limbaugh's apology to the Georgetown law student was sufficient and heartfelt? Do you agree with the decision of the growing number of sponsors that have decided to drop his show or stop supporting his show? And has there been a double standard on this issue? Liberal commentators have made similarly provocative or distasteful statements and there hasn't been such an outrage.



THE PRESIDENT: I'm not going to comment on what sponsors decide to do. I'm not going to comment on either the economics or the politics of it. I don't know what's in Rush Limbaugh's heart, so I'm not going to comment on the sincerity of his apology. What I can comment on is the fact that all decent folks can agree that the remarks that were made don't have any place in the public discourse.



And the reason I called Ms. Fluke is because I thought about Malia and Sasha, and one of the things I want them to do as they get older is to engage in issues they care about, even ones I may not agree with them on. I want them to be able to speak their mind in a civil and thoughtful way. And I don't want them attacked or called horrible names because they're being good citizens. And I wanted Sandra to know that I thought her parents should be proud of her, and that we want to send a message to all our young people that being part of a democracy involves argument and disagreements and debate, and we want you to be engaged, and there's a way to do it that doesn't involve you being demeaned and insulted, particularly when you’re a private citizen.



Jessica Yellin.



Q Bill Mahr apologized for what he said about -- (inaudible) -- should apologize for what they said about that?



THE PRESIDENT: Jessica.



Q Thank you, Mr. President.



THE PRESIDENT: Thank you.



Q Top Democrats have said that Republicans on a similar issue are engaged in a war on women. Some top Republicans say it’s more like Democrats are engaged in a war for the women’s vote. As you talk about loose talk of war in another arena and women are -- this could raise concerns among women, do you agree with the chair of your Democratic National Committee that there is a war on women?

THE PRESIDENT: Here is what I think. Women are going to make up their own mind in this election about who is advancing the issues that they care most deeply about. And one of the things I’ve learned being married to Michelle is I don’t need to tell her what it is that she thinks is important.



And there are millions of strong women around the country who are going to make their own determination about a whole range of issues. It’s not going to be narrowly focused just on contraception. It’s not going to be driven by one statement by one radio announcer. It is going to be driven by their view of what’s most likely to make sure they can help support their families, make their mortgage payments; who's got a plan to ensure that middle-class families are secure over the long term; what’s most likely to result in their kids being able to get the education they need to compete.



And I believe that Democrats have a better story to tell to women about how we’re going to solidify the middle class and grow this economy, make sure everybody has a fair shot, everybody is doing their fair share, and we got a fair set of rules of the road that everybody has to follow.



So I’m not somebody who believes that women are going to be single-issue voters. They never have been. But I do think that we’ve got a strong story to tell when it comes to women.



Q Would you prefer this language be changed?



THE PRESIDENT: Jessica, as you know, if I start being in the business of arbitrating --



Q You talk about civility.



THE PRESIDENT: And what I do is I practice it. And so I’m going to try to lead by example in this situation, as opposed to commenting on every single comment that’s made by either politicians or pundits. I would be very busy. I would not have time to do my job. That’s your job, to comment on what's said by politicians and pundits.



All right. Lori Montenegro.



Q Mr. President, thank you.



THE PRESIDENT: There you go.



Q Mr. President, polls are showing that Latino voters seem to be favoring your reelection over a Republican alternative. Yet some of them are still disappointed, others have said, about a promise that you've made on immigration reform that has yet to come to pass. If you are reelected, what would be your strategy, what would you do different to get immigration reform passed through the Congress, especially if both houses continue as they are right now, which is split?



THE PRESIDENT: Well, first of all, just substantively, every American should want immigration reform. We've got a system that’s broken. We've got a system in which you have millions of families here in this country who are living in the shadows, worried about deportation. You've got American workers that are being undercut because those undocumented workers can be hired and the minimum wage laws may not be observed, overtime laws may not be observed.



You've got incredibly talented people who want to start businesses in this country or to work in this country, and we should want those folks here in the United States. But right now, the legal immigration system is so tangled up that it becomes very difficult for them to put down roots here.



So we can be a nation of laws and a nation of immigrants. And it is not just a Hispanic issue -- this is an issue for everybody. This is an American issue that we need to fix.



Now, when I came into office I said I am going to push to get this done. We didn’t get it done. And the reason we haven't gotten it done is because what used to be a bipartisan agreement that we should fix this ended up becoming a partisan issue.



I give a lot of credit to my predecessor, George Bush, and his political advisors who said this should not be just something the Democrats support; the Republican Party is invested in this as well. That was good advice then; it would be good advice now.



And my hope is, is that after this election, the Latino community will have sent a strong message that they want a bipartisan effort to pass comprehensive immigration reform that involves making sure we’ve got tough border security -- and this administration has done more for border security than just about anybody -- that we are making sure that companies aren’t able to take advantage of undocumented workers; that we’ve got strong laws in place; and that we’ve got a path so that all those folks whose kids often are U.S. citizens, who are working with us, living with us and in our communities, and not breaking the law, and trying to do their best to raise their families, that they’ve got a chance to be a fuller part of our community.



So, what do I think will change?



Q What would you do differently?



THE PRESIDENT: What I will do -- look, we’re going to be putting forward, as we’ve done before, a framework, a proposal, legislation that can move it -- move the ball forward and actually get this thing done.



But ultimately, I can’t vote for Republicans. They’re going to have to come to the conclusion that this is good for the country and that this is something that they themselves think is important. And depending on how Congress turns out, we’ll see how many Republican votes we need to get it done.



Norah O’Donnell. How are you?



Q Thank you, Mr. President. Today is Super Tuesday, so I wonder if you might weigh in on some of your potential Republican opponents. Mitt Romney has criticized you on Iran and said, “Hope is not a foreign policy.” He also said that you are “America’s most feckless President since Carter.” What would you like to say to Mr. Romney?



THE PRESIDENT: Good luck tonight. (Laughter.)



Q No, really.



THE PRESIDENT: Really. (Laughter.)



Lynn, since you’ve been hollering and you’re from my hometown, make it a good one.



Q My question is about the switch of the G8 summit from Chicago to Camp David. A reason given from the White House is that now you wanted a more intimate summit. People of Chicago would like to know what do you know now that you did not know when you booked hometown Chicago for the G8 that led to the switch? And what role did security threats possibly play in the decision?



THE PRESIDENT: Well, keep in mind, Lynn, we’re still going to be showing up with a whole bunch of world leaders. We’ve got this NATO summit. Typically what’s happened is, is that we try to attach the G8 summit to the NATO summit so that the leaders in the G8 summit don't have to travel twice to whatever location. So last year, in France, we combined a G8 with a NATO summit. We'll do so again.



I have to say, this was an idea that was brought to me after the initial organizing of the NATO summit. Somebody pointed out that I hadn't had any of my counterparts, who I've worked with now for three years, up to Camp David. G8 tends to be a more informal setting in which we talk about a wide range of issues in a pretty intimate way. And the thinking was that people would enjoy being in a more casual backdrop. I think the weather should be good that time of year. It will give me a chance to spend time with Mr. Putin, the new Russian President. And from there, we will then fly to Chicago.



I always have confidence in Chicago being able to handle security issues. Whether it's Taste of Chicago or Lollapalooza -- (laughter) -- or Bull's championships, we know how to deal with a crowd. And I'm sure that your new mayor will be quite attentive to detail in making sure that everything goes off well.



All right? Okay. Go ahead, last one, last question.



Q Thank you. Mr. President, just to continue on that -- when the NATO leaders gather in Chicago in May, do you expect that they'll be able to agree on a transition strategy? And are you concerned at all that the Koran burning and the episodes that have followed since then threaten your ability to negotiate with partners?



THE PRESIDENT: Well, keep in mind that the transition policy was in place and established at Lisbon, and we've been following that strategy that calls for us turning over increasing responsibility to Afghans and a full transition so that our combat role is over by the end of 2014. And our coalition partners have agreed to it. They are sticking with it. That continues to be the plan.



What we are now going to be doing over the next -- at this NATO meeting and planning for the next two years, is to make sure that that transition is not a cliff, but that there are benchmarks and steps that are taken along the way, in the same way that we reduced our role in Iraq so that it is gradual, Afghan capacity is built, the partnering with Afghan security forces is effective, that we are putting in place the kinds of support structures that are needed in order for the overall strategy to be effective.



Now, yes, the situation with the Koran burning concerns me. I think that it is an indication of the challenges in that environment, and it's an indication that now is the time for us to transition.



Obviously, the violence directed at our people is unacceptable. And President Karzai acknowledged that. But what is also true is President Karzai I think is eager for more responsibility on the Afghan side. We're going to be able to find a mechanism whereby Afghans understand their sovereignty is being respected and that they're going to be taking a greater and greater role in their own security. That I think is in the interest of Afghans. It's also in our interests. And I'm confident we can execute, but it's not going to be a smooth path. There are going to be bumps along the road just as there were in Iraq.



Q Well, are these bumps along the road, or are you seeing a deterioration in the relationship, based on the Koran burning itself, the violence that has followed, that inhibits your ability to work out things like how to hand off the detention center?



THE PRESIDENT: No, I -- none of this stuff is easy, and it never has been. And obviously, the most recent riots or protests against the Koran burning were tragic, but remember, this happened a while back when a pastor in Florida threatened to burn a Koran. In Iraq, as we were making this transition, there were constant crises that would pop up and tragic events that would take place and there would be occasional setbacks.



But what I've tried to do is to set a course, make sure that up and down the chain of command everybody knows what our broader strategy is. And one of the incredible things about our military is that when they know what our objective is, what our goal is, regardless of the obstacles that they meet along the way, they get the job done.



And I think that President Karzai understands that we are interested in a strategic partnership with the Afghan people and the Afghan government. We are not interested in staying there any longer than is necessary to assure that al Qaeda is not operating there, and that there is sufficient stability that it doesn't end up being a free-for-all after ISAF has left.



And so we share interests here. It will require negotiations, and there will be time where things don't look as smooth as I'd like. That's kind of the deal internationally on a whole range of these issues.



All right? Thank you guys.



Oh, can I just make one other comment? I want to publicly express condolences to the family of Donald Payne, Congressman from New Jersey -- a wonderful man; did great work, both domestically and internationally. He was a friend of mine. And so my heart goes out to his family and to his colleagues.



All right.



END 1:59 P.M. EST





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Monday, September 19, 2011

Text of President Obama's Remarks on His Deficit Reduction Plan of Sept 19, 2011

from the White House Press Office


THE PRESIDENT: Good morning, everybody. Please have a seat.


A week ago today, I sent Congress the American Jobs Act. It’s a plan that will lead to new jobs for teachers, for construction workers, for veterans, and for the unemployed. It will cut taxes for every small business owner and virtually every working man and woman in America. And the proposals in this jobs bill are the kinds that have been supported by Democrats and Republicans in the past. So there shouldn’t be any reason for Congress to drag its feet. They should pass it right away. I'm ready to sign a bill. I've got the pens all ready.


Now, as I said before, Congress should pass this bill knowing that every proposal is fully paid for. The American Jobs Act will not add to our nation’s debt. And today, I’m releasing a plan that details how to pay for the jobs bill while also paying down our debt over time.


And this is important, because the health of our economy depends in part on what we do right now to create the conditions where businesses can hire and middle-class families can feel a basic measure of economic security. But in the long run, our prosperity also depends on our ability to pay down the massive debt we’ve accumulated over the past decade in a way that allows us to meet our responsibilities to each other and to the future.


During this past decade, profligate spending in Washington, tax cuts for multi-millionaires and billionaires, the cost of two wars, and the recession turned a record surplus into a yawning deficit, and that left us with a big pile of IOUs. If we don’t act, that burden will ultimately fall on our children’s shoulders. If we don’t act, the growing debt will eventually crowd out everything else, preventing us from investing in things like education, or sustaining programs like Medicare.


So Washington has to live within its means. The government has to do what families across this country have been doing for years. We have to cut what we can’t afford to pay for what really matters. We need to invest in what will promote hiring and economic growth now while still providing the confidence that will come with a plan that reduces our deficits over the long-term.


These principles were at the heart of the deficit framework that I put forward in April. It was an approach to shrink the deficit as a share of the economy, but not to do so so abruptly with spending cuts that would hamper growth or prevent us from helping small businesses and middle-class families get back on their feet.


It was an approach that said we need to go through the budget line-by-line looking for waste, without shortchanging education and basic scientific research and road construction, because those things are essential to our future. And it was an approach that said we shouldn't balance the budget on the backs of the poor and the middle class; that for us to solve this problem, everybody, including the wealthiest Americans and biggest corporations, have to pay their fair share.


Now, during the debt ceiling debate, I had hoped to negotiate a compromise with the Speaker of the House that fulfilled these principles and achieved the $4 trillion in deficit reduction that leaders in both parties have agreed we need -- a grand bargain that would have strengthened our economy, instead of weakened it. Unfortunately, the Speaker walked away from a balanced package. What we agreed to instead wasn’t all that grand. But it was a start -- roughly $1 trillion in cuts to domestic spending and defense spending.


Everyone knows we have to do more, and a special joint committee of Congress is assigned to find more deficit reduction. So, today, I’m laying out a set of specific proposals to finish what we started this summer -- proposals that live up to the principles I’ve talked about from the beginning. It’s a plan that reduces our debt by more than $4 trillion, and achieves these savings in a way that is fair -- by asking everybody to do their part so that no one has to bear too much of the burden on their own.


All told, this plan cuts $2 in spending for every dollar in new revenues. In addition to the $1 trillion in spending that we’ve already cut from the budget, our plan makes additional spending cuts that need to happen if we’re to solve this problem. We reform agricultural subsidies -- subsidies that a lot of times pay large farms for crops that they don't grow. We make modest adjustments to federal retirement programs. We reduce by tens of billions of dollars the tax money that goes to Fannie Mae and Freddie Mac. We also ask the largest financial firms -- companies saved by tax dollars during the financial crisis -- to repay the American people for every dime that we spent. And we save an additional $1 trillion as we end the wars in Iraq and Afghanistan.


These savings are not only counted as part of our plan, but as part of the budget plan that nearly every Republican on the House voted for.


Finally, this plan includes structural reforms to reduce the cost of health care in programs like Medicare and Medicaid. Keep in mind we've already included a number of reforms in the health care law, which will go a long way towards controlling these costs. But we're going to have to do a little more. This plan reduces wasteful subsidies and erroneous payments while changing some incentives that often lead to excessive health care costs. It makes prescriptions more affordable through faster approval of generic drugs. We’ll work with governors to make Medicaid more efficient and more accountable. And we’ll change the way we pay for health care. Instead of just paying for procedures, providers will be paid more when they improve results -- and such steps will save money and improve care.


These changes are phased in slowly to strengthen Medicare and Medicaid over time. Because while we do need to reduce health care costs, I’m not going to allow that to be an excuse for turning Medicare into a voucher program that leaves seniors at the mercy of the insurance industry. And I'm not going to stand for balancing the budget by denying or reducing health care for poor children or those with disabilities. So we will reform Medicare and Medicaid, but we will not abandon the fundamental commitment that this country has kept for generations.


And by the way, that includes our commitment to Social Security. I've said before, Social Security is not the primary cause of our deficits, but it does face long-term challenges as our country grows older. And both parties are going to need to work together on a separate track to strengthen Social Security for our children and our grandchildren.


So this is how we can reduce spending: by scouring the budget for every dime of waste and inefficiency, by reforming government spending, and by making modest adjustments to Medicare and Medicaid. But all these reductions in spending, by themselves, will not solve our fiscal problems. We can’t just cut our way out of this hole. It’s going to take a balanced approach. If we’re going to make spending cuts -- many of which we wouldn’t make if we weren’t facing such large budget deficits -- then it’s only right that we ask everyone to pay their fair share.


You know, last week, Speaker of the House John Boehner gave a speech about the economy. And to his credit, he made the point that we can’t afford the kind of politics that says it’s “my way or the highway.” I was encouraged by that. Here’s the problem: In that same speech, he also came out against any plan to cut the deficit that includes any additional revenues whatsoever. He said -- I'm quoting him -- there is “only one option.” And that option and only option relies entirely on cuts. That means slashing education, surrendering the research necessary to keep America’s technological edge in the 21st century, and allowing our critical public assets like highways and bridges and airports to get worse. It would cripple our competiveness and our ability to win the jobs of the future. And it would also mean asking sacrifice of seniors and the middle class and the poor, while asking nothing of the wealthiest Americans and biggest corporations.


So the Speaker says we can’t have it "my way or the highway," and then basically says, my way -- or the highway. (Laughter.) That’s not smart. It’s not right. If we’re going to meet our responsibilities, we have to do it together.


Now, I’m proposing real, serious cuts in spending. When you include the $1 trillion in cuts I’ve already signed into law, these would be among the biggest cuts in spending in our history. But they’ve got to be part of a larger plan that’s balanced –- a plan that asks the most fortunate among us to pay their fair share, just like everybody else.


And that’s why this plan eliminates tax loopholes that primarily go to the wealthiest taxpayers and biggest corporations –- tax breaks that small businesses and middle-class families don’t get. And if tax reform doesn't get done, this plan asks the wealthiest Americans to go back to paying the same rates that they paid during the 1990s, before the Bush tax cuts.


I promise it’s not because anybody looks forward to the prospects of raising taxes or paying more taxes. I don’t. In fact, I’ve cut taxes for the middle class and for small businesses, and through the American Jobs Act, we’d cut taxes again to promote hiring and put more money into the pockets of people. But we can’t afford these special lower rates for the wealthy -– rates, by the way, that were meant to be temporary. Back when these first -- these tax cuts, back in 2001, 2003, were being talked about, they were talked about temporary measures. We can’t afford them when we’re running these big deficits.


Now, I am also ready to work with Democrats and Republicans to reform our entire tax code, to get rid of the decades of accumulated loopholes, special interest carve-outs, and other tax expenditures that stack the deck against small business owners and ordinary families who can’t afford Washington lobbyists or fancy accountants. Our tax code is more than 10,000 pages long. If you stack up all the volumes, they’re almost five feet tall. That means that how much you pay often depends less on what you make and more on how well you can game the system, and that's especially true of the corporate tax code.


We’ve got one of the highest corporate tax rates in the world, but it’s riddled with exceptions and special interest loopholes. So some companies get out paying a lot of taxes, while the rest of them end up having to foot the bill. And this makes our entire economy less competitive and our country a less desirable place to do business.


That has to change. Our tax code shouldn’t give an advantage to companies with the best-connected lobbyists. It should give an advantage to companies that invest in the United States of America and create jobs in the United States of America. And we can lower the corporate rate if we get rid of all these special deals.


So I am ready, I am eager, to work with Democrats and Republicans to reform the tax code to make it simpler, make it fairer, and make America more competitive. But any reform plan will have to raise revenue to help close our deficit. That has to be part of the formula. And any reform should follow another simple principle: Middle-class families shouldn’t pay higher taxes than millionaires and billionaires. That’s pretty straightforward. It’s hard to argue against that. Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it.


It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million. Anybody who says we can’t change the tax code to correct that, anyone who has signed some pledge to protect every single tax loophole so long as they live, they should be called out. They should have to defend that unfairness -- explain why somebody who's making $50 million a year in the financial markets should be paying 15 percent on their taxes, when a teacher making $50,000 a year is paying more than that -- paying a higher rate. They ought to have to answer for it. And if they’re pledged to keep that kind of unfairness in place, they should remember, the last time I checked the only pledge that really matters is the pledge we take to uphold the Constitution.


Now, we’re already hearing the usual defenders of these kinds of loopholes saying this is just “class warfare.” I reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or a teacher is class warfare. I think it’s just the right the thing to do. I believe the American middle class, who've been pressured relentlessly for decades, believe it’s time that they were fought for as hard as the lobbyists and some lawmakers have fought to protect special treatment for billionaires and big corporations.

Nobody wants to punish success in America. What’s great about this country is our belief that anyone can make it and everybody should be able to try -– the idea that any one of us can open a business or have an idea and make us millionaires or billionaires. This is the land of opportunity. That’s great. All I’m saying is that those who have done well, including me, should pay our fair share in taxes to contribute to the nation that made our success possible. We shouldn’t get a better deal than ordinary families get. And I think most wealthy Americans would agree if they knew this would help us grow the economy and deal with the debt that threatens our future.


It comes down to this: We have to prioritize. Both parties agree that we need to reduce the deficit by the same amount -- by $4 trillion. So what choices are we going to make to reach that goal? Either we ask the wealthiest Americans to pay their fair share in taxes, or we’re going to have to ask seniors to pay more for Medicare. We can’t afford to do both.


Either we gut education and medical research, or we’ve got to reform the tax code so that the most profitable corporations have to give up tax loopholes that other companies don’t get. We can’t afford to do both.


This is not class warfare. It’s math. (Laughter.) The money is going to have to come from someplace. And if we’re not willing to ask those who've done extraordinarily well to help America close the deficit and we are trying to reach that same target of $4 trillion, then the logic, the math says everybody else has to do a whole lot more: We’ve got to put the entire burden on the middle class and the poor. We’ve got to scale back on the investments that have always helped our economy grow. We’ve got to settle for second-rate roads and second-rate bridges and second-rate airports, and schools that are crumbling.


That’s unacceptable to me. That’s unacceptable to the American people. And it will not happen on my watch. I will not support -- I will not support -- any plan that puts all the burden for closing our deficit on ordinary Americans. And I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans or biggest corporations to pay their fair share. We are not going to have a one-sided deal that hurts the folks who are most vulnerable.


None of the changes I’m proposing are easy or politically convenient. It’s always more popular to promise the moon and leave the bill for after the next election or the election after that. That’s been true since our founding. George Washington grappled with this problem. He said, “Towards the payment of debts, there must be revenue; that to have revenue there must be taxes; [and] no taxes can be devised which are not more or less inconvenient and unpleasant.” He understood that dealing with the debt is -- these are his words -- “always a choice of difficulties.” But he also knew that public servants weren’t elected to do what was easy; they weren’t elected to do what was politically advantageous. It’s our responsibility to put country before party. It’s our responsibility to do what’s right for the future.


And that’s what this debate is about. It’s not about numbers on a ledger; it’s not about figures on a spreadsheet. It’s about the economic future of this country, and it’s about whether we will do what it takes to create jobs and growth and opportunity while facing up to the legacy of debt that threatens everything we’ve built over generations.


And it’s also about fairness. It’s about whether we are, in fact, in this together, and we’re looking out for one another. We know what’s right. It’s time to do what’s right.


Thank you very much. (Applause.)

Monday, July 25, 2011

Text of President Obama's Address to the Nation on the Debt Crisis [ July 25, 2011]

Remarks of President Barack Obama – As Prepared for Delivery

Primetime Debt Speech

Monday, July 25, 2011

Washington, DC



As Prepared for Delivery –



Good evening. Tonight, I want to talk about the debate we’ve been having in Washington over the national debt – a debate that directly affects the lives of all Americans.



For the last decade, we have spent more money than we take in. In the year 2000, the government had a budget surplus. But instead of using it to pay off our debt, the money was spent on trillions of dollars in new tax cuts, while two wars and an expensive prescription drug program were simply added to our nation’s credit card.



As a result, the deficit was on track to top $1 trillion the year I took office. To make matters worse, the recession meant that there was less money coming in, and it required us to spend even more – on tax cuts for middle-class families; on unemployment insurance; on aid to states so we could prevent more teachers and firefighters and police officers from being laid off. These emergency steps also added to the deficit.



Now, every family knows that a little credit card debt is manageable. But if we stay on the current path, our growing debt could cost us jobs and do serious damage to the economy. More of our tax dollars will go toward paying off the interest on our loans. Businesses will be less likely to open up shop and hire workers in a country that can’t balance its books. Interest rates could climb for everyone who borrows money – the homeowner with a mortgage, the student with a college loan, the corner store that wants to expand. And we won’t have enough money to make job-creating investments in things like education and infrastructure, or pay for vital programs like Medicare and Medicaid.



Because neither party is blameless for the decisions that led to this problem, both parties have a responsibility to solve it. And over the last several months, that’s what we’ve been trying to do. I won’t bore you with the details of every plan or proposal, but basically, the debate has centered around two different approaches.



The first approach says, let’s live within our means by making serious, historic cuts in government spending. Let’s cut domestic spending to the lowest level it’s been since Dwight Eisenhower was President. Let’s cut defense spending at the Pentagon by hundreds of billions of dollars. Let’s cut out the waste and fraud in health care programs like Medicare – and at the same time, let’s make modest adjustments so that Medicare is still there for future generations. Finally, let’s ask the wealthiest Americans and biggest corporations to give up some of their tax breaks and special deductions.



This balanced approach asks everyone to give a little without requiring anyone to sacrifice too much. It would reduce the deficit by around $4 trillion and put us on a path to pay down our debt. And the cuts wouldn’t happen so abruptly that they’d be a drag on our economy, or prevent us from helping small business and middle-class families get back on their feet right now.



This approach is also bipartisan. While many in my own party aren’t happy with the painful cuts it makes, enough will be willing to accept them if the burden is fairly shared. While Republicans might like to see deeper cuts and no revenue at all, there are many in the Senate who have said “Yes, I’m willing to put politics aside and consider this approach because I care about solving the problem.” And to his credit, this is the kind of approach the Republican Speaker of the House, John Boehner, was working on with me over the last several weeks.



The only reason this balanced approach isn’t on its way to becoming law right now is because a significant number of Republicans in Congress are insisting on a cuts-only approach – an approach that doesn’t ask the wealthiest Americans or biggest corporations to contribute anything at all. And because nothing is asked of those at the top of the income scales, such an approach would close the deficit only with more severe cuts to programs we all care about – cuts that place a greater burden on working families.



So the debate right now isn’t about whether we need to make tough choices. Democrats and Republicans agree on the amount of deficit reduction we need. The debate is about how it should be done. Most Americans, regardless of political party, don’t understand how we can ask a senior citizen to pay more for her Medicare before we ask corporate jet owners and oil companies to give up tax breaks that other companies don’t get. How can we ask a student to pay more for college before we ask hedge fund managers to stop paying taxes at a lower rate than their secretaries? How can we slash funding for education and clean energy before we ask people like me to give up tax breaks we don’t need and didn’t ask for?



That’s not right. It’s not fair. We all want a government that lives within its means, but there are still things we need to pay for as a country – things like new roads and bridges; weather satellites and food inspection; services to veterans and medical research.



Keep in mind that under a balanced approach, the 98% of Americans who make under $250,000 would see no tax increases at all. None. In fact, I want to extend the payroll tax cut for working families. What we’re talking about under a balanced approach is asking Americans whose incomes have gone up the most over the last decade – millionaires and billionaires – to share in the sacrifice everyone else has to make. And I think these patriotic Americans are willing to pitch in. In fact, over the last few decades, they’ve pitched in every time we passed a bipartisan deal to reduce the deficit. The first time a deal passed, a predecessor of mine made the case for a balanced approach by saying this:



“Would you rather reduce deficits and interest rates by raising revenue from those who are not now paying their fair share, or would you rather accept larger budget deficits, higher interest rates, and higher unemployment? And I think I know your answer.”



Those words were spoken by Ronald Reagan. But today, many Republicans in the House refuse to consider this kind of balanced approach – an approach that was pursued not only by President Reagan, but by the first President Bush, President Clinton, myself, and many Democrats and Republicans in the United States Senate. So we are left with a stalemate.



Now, what makes today’s stalemate so dangerous is that it has been tied to something known as the debt ceiling – a term that most people outside of Washington have probably never heard of before.



Understand – raising the debt ceiling does not allow Congress to spend more money. It simply gives our country the ability to pay the bills that Congress has already racked up. In the past, raising the debt ceiling was routine. Since the 1950s, Congress has always passed it, and every President has signed it. President Reagan did it 18 times. George W. Bush did it 7 times. And we have to do it by next Tuesday, August 2nd, or else we won’t be able to pay all of our bills.



Unfortunately, for the past several weeks, Republican House members have essentially said that the only way they’ll vote to prevent America’s first-ever default is if the rest of us agree to their deep, spending cuts-only approach.



If that happens, and we default, we would not have enough money to pay all of our bills – bills that include monthly Social Security checks, veterans’ benefits, and the government contracts we’ve signed with thousands of businesses.



For the first time in history, our country’s Triple A credit rating would be downgraded, leaving investors around the world to wonder whether the United States is still a good bet. Interest rates would skyrocket on credit cards, mortgages, and car loans, which amounts to a huge tax hike on the American people. We would risk sparking a deep economic crisis – one caused almost entirely by Washington.



Defaulting on our obligations is a reckless and irresponsible outcome to this debate. And Republican leaders say that they agree we must avoid default. But the new approach that Speaker Boehner unveiled today, which would temporarily extend the debt ceiling in exchange for spending cuts, would force us to once again face the threat of default just six months from now. In other words, it doesn’t solve the problem.



First of all, a six-month extension of the debt ceiling might not be enough to avoid a credit downgrade and the higher interest rates that all Americans would have to pay as a result. We know what we have to do to reduce our deficits; there’s no point in putting the economy at risk by kicking the can further down the road.



But there’s an even greater danger to this approach. Based on what we’ve seen these past few weeks, we know what to expect six months from now. The House will once again refuse to prevent default unless the rest of us accept their cuts-only approach. Again, they will refuse to ask the wealthiest Americans to give up their tax cuts or deductions. Again, they will demand harsh cuts to programs like Medicare. And once again, the economy will be held captive unless they get their way.



That is no way to run the greatest country on Earth. It is a dangerous game we’ve never played before, and we can’t afford to play it now. Not when the jobs and livelihoods of so many families are at stake. We can’t allow the American people to become collateral damage to Washington’s political warfare.



Congress now has one week left to act, and there are still paths forward. The Senate has introduced a plan to avoid default, which makes a down payment on deficit reduction and ensures that we don’t have to go through this again in six months.



I think that’s a much better path, although serious deficit reduction would still require us to tackle the tough challenges of entitlement and tax reform. Either way, I have told leaders of both parties that they must come up with a fair compromise in the next few days that can pass both houses of Congress – a compromise I can sign. And I am confident we can reach this compromise. Despite our disagreements, Republican leaders and I have found common ground before. And I believe that enough members of both parties will ultimately put politics aside and help us make progress.



I realize that a lot of the new members of Congress and I don’t see eye-to-eye on many issues. But we were each elected by some of the same Americans for some of the same reasons. Yes, many want government to start living within its means. And many are fed up with a system in which the deck seems stacked against middle-class Americans in favor of the wealthiest few. But do you know what people are fed up with most of all?



They’re fed up with a town where compromise has become a dirty word. They work all day long, many of them scraping by, just to put food on the table. And when these Americans come home at night, bone-tired, and turn on the news, all they see is the same partisan three-ring circus here in Washington. They see leaders who can’t seem to come together and do what it takes to make life just a little bit better for ordinary Americans. They are offended by that. And they should be.



The American people may have voted for divided government, but they didn’t vote for a dysfunctional government. So I’m asking you all to make your voice heard. If you want a balanced approach to reducing the deficit, let your Member of Congress know. If you believe we can solve this problem through compromise, send that message.



America, after all, has always been a grand experiment in compromise. As a democracy made up of every race and religion, where every belief and point of view is welcomed, we have put to the test time and again the proposition at the heart of our founding: that out of many, we are one. We have engaged in fierce and passionate debates about the issues of the day, but from slavery to war, from civil liberties to questions of economic justice, we have tried to live by the words that Jefferson once wrote: “Every man cannot have his way in all things…Without this mutual disposition, we are disjointed individuals, but not a society.”



History is scattered with the stories of those who held fast to rigid ideologies and refused to listen to those who disagreed. But those are not the Americans we remember. We remember the Americans who put country above self, and set personal grievances aside for the greater good. We remember the Americans who held this country together during its most difficult hours; who put aside pride and party to form a more perfect union.

That’s who we remember. That’s who we need to be right now. The entire world is watching. So let’s seize this moment to show why the United States of America is still the greatest nation on Earth – not just because we can still keep our word and meet our obligations, but because we can still come together as one nation. Thank you, God bless you, and may God bless the United States of America.



###

White House Takes on Threat Posed by TransNational Organized Crime

July 25, 2011



FACT SHEET: Strategy to Combat Transnational Organized Crime



“This Strategy is organized around a single, unifying principle: to build, balance, and integrate the tools of American power to combat transnational organized crime and related threats to our national security—and to urge our partners to do the same… While this Strategy is intended to assist the United States Government in combating transnational crime, it also serves as an invitation for enhanced international cooperation. We encourage our partners and allies to echo the commitment we have made here and join in building a new framework for international cooperation to protect all our citizens from the violence, harm, and exploitation wrought by transnational organized crime.”



-- President Barack Obama

Strategy to Combat Transnational Organized Crime





In the U.S. National Security Strategy, the President committed his Administration to the pursuit of four enduring national interests: security, prosperity, respect for universal values, and the shaping of an international order that can meet the challenges of the 21st century. The expanding size, scope, and influence of transnational organized crime (TOC) and its impact on U.S. and international security and governance represent one of the most significant of those challenges.



Transnational Organized Crime Threatens U.S. and International Security


In January 2010, the United States completed a comprehensive assessment of transnational organized crime – the first such assessment since 1995. The assessment concluded that TOC networks are proliferating, striking new powerful alliances, and engaging in a range of illicit activities as never before. The result is a convergence of threats that have evolved to become more volatile, and destabilizing.

· TOC penetration of states is deepening, leading to co-option in some states and weakening of governance in many others. TOC networks insinuate themselves into the political process through bribery and in some cases have become alternate providers of governance, security, and livelihoods to win popular support. The nexus in some states among TOC groups and elements of government – including intelligence services personnel – and big business figures threatens the rule of law.


· TOC threatens U.S. economic interests and can cause significant damage to world financial system by subverting legitimate markets. The World Bank estimates that about $1 trillion is spent each year to bribe public officials. TOC groups, through their state relationships, could gain influence over strategic markets.


· Terrorists and insurgents increasingly are turning to crime and criminal networks for funding and logistics. In FY 2010, 29 of the 63 top drug trafficking organizations identified by the Department of Justice had links to terrorist organizations. While many terrorist links to TOC are opportunistic, this nexus is dangerous, especially if it leads a TOC network to facilitate the transfer of weapons of mass destruction material to terrorists.


· Some well-established organized criminal groups that have not previously been involved in producing narcotics are now seeking to develop their own distribution and trafficking networks.


· Human smuggling and trafficking-in-person networks are growing more violent and lucrative, and exploiting the most vulnerable, especially women and children.


· TOC networks are stealing U.S. intellectual property. Between FY 2003 and FY 2010, the yearly domestic value of customs seizures at U.S. port and mail facilities related to intellectual property right violations leaped from $94 million to $188 million


· TOC networks are increasingly involved in cybercrime, which costs consumers billions of dollars annually, threatens corporate and government computer networks, and undermines worldwide confidence in the global financial system.


· Often connecting these transnational threats are “facilitators,” who operate in both the licit and illicit worlds and provide services to criminals and terrorists.


Strategy to Combat Transnational Organized Crime

· The Strategy has five strategic objectives:



1. Protect Americans and our partners from the harm, violence, and exploitation of transnational criminal networks.

2. Help partner countries strengthen governance and transparency, break the corruptive power of transnational criminal networks, and sever state-crime alliances.

3. Break the economic power of transnational criminal networks and protect strategic markets and the U.S. financial system from TOC penetration and abuse.

4. Defeat transnational criminal networks that pose the greatest threat to national security by targeting their infrastructures, depriving them of their enabling means, and preventing the criminal facilitation of terrorist activities.

5. Build international consensus, multilateral cooperation, and public-private partnerships to defeat transnational organized crime.



· There are 56 priority actions in the Strategy under the following chapters:


1. Start at Home: Taking Shared Responsibility for Transnational Organized Crime;

2. Enhance Intelligence and Information Sharing;

3. Protect the Financial System and Strategic Markets against Transnational Organized Crime;

4. Strengthen Interdiction, Investigations, and Prosecutions;

5. Disrupt Drug Trafficking and its Facilitation of Other Transnational Threats; and

6. Build International Capacity, Cooperation, and Partnerships.


· By prioritizing existing resources, the Strategy also introduces the following new and innovative capabilities and tools:


1. A new Executive Order will establish a sanctions program to block the property of significant transnational criminal organizations that threaten the national security, foreign policy, or economy of the United States.

2. A series of legislative proposals to enhance the authorities available to investigate, interdict, and prosecute the activities of top transnational criminal networks. Collectively, the Administration’s proposals reinvigorate the statutory landscape to be more responsive to extraterritorial threats and the increasingly global reach of criminal syndicates.

3. A new Presidential Proclamation under the U.S. Immigration and Nationality Act will bar admission to the United States of persons designated under the Executive Order and other comparable sanctions programs. The Proclamation also provides additional legal authority for barring admission to the United States of persons subject to United Nations Security Council travel bans.

4. A new rewards program will supplement the success of existing narcotics rewards programs in obtaining information that leads to the arrest and conviction of the leaders of transnational criminal organizations that pose the greatest threats to national security.


· The Interagency Policy Committee on Illicit Drugs and Transnational Criminal Threats, led by the National Security Staff and the Office of National Drug Control Policy, will oversee implementation of the Strategy.

Monday, July 18, 2011

President Obama's Remarks in Nominating Richard Cordray as Director of the Consumer Financial Bureau

Rose Garden

THE PRESIDENT: Good afternoon, everybody. It has been almost three years since the financial crisis pulled the economy into a deep recession. And millions of families are still hurting because of it. They’re trying to get by on one income instead of two, on fewer shifts at the plant or at the hospital. They’re cutting expenses, giving up on a family night out so there’s money for groceries. And for a lot of families, things were tough even before the recession.


So we’ve got to get the economy growing faster and make sure that small businesses can hire again, so that an entrepreneur out there can sell a new product, so that the middle class is getting stronger again, and so folks feel confident in their futures and their children’s futures.


That’s why we can’t let politics stand in the way of doing the right thing in Washington. We can't stand in the way when it comes to doing the right thing on deficits. And that’s why I want to take steps like making sure payroll taxes for middle-class families don’t go back up next year. That’s why it’s so important that we tackle the problems that led us into this recession in the first place.


One of the biggest problems was that the tables were tilted against ordinary people in the financial system. When you get a home loan, it came with pages of fine print. When you got a credit card, it was as if the contract was written in another language. These kinds of things opened the door to unscrupulous practices -- loans with hidden fees and terms that meant your rate could double overnight. It led to people getting mortgages they couldn’t afford, and it put honest businesses at a disadvantage. And it encouraged dangerously risky behavior on Wall Street, which dragged the economy into the mess that we’re still trying to clean up.


That’s why we passed financial reform a year ago. It was a common-sense law that did three things. First, it made taxpayer-funded bailouts illegal, so taxpayers don’t have to foot the bill if a big bank goes under. Second, it said to Wall Street firms, you can’t take the same kind of reckless risks that led to the crisis. And third, it put in place the stronger -- the strongest consumer protections in history.


Now, to make sure that these protections worked -– so ordinary people were dealt with fairly, so they could make informed decisions about their finances –- we didn’t just change the law. We changed the way the government did business. For years, the job of protecting consumers was divided up in a lot of different agencies. So if you had a problem with a mortgage lender, you called one place. If you had a problem with a credit card company, you called somebody else. It meant there were a lot of people who were responsible, but that meant nobody was responsible.


And we changed that. We cut the bureaucracy and put one consumer watchdog in charge, with just one job: looking out for regular people in the financial system. Now, this is an idea that I got from Elizabeth Warren, who I first met years ago. Back then -- this is long before the financial crisis -- Elizabeth was sounding the alarm on predatory lending and the financial pressures on middle-class families. And in the years since, she’s become perhaps the leading voice in our country on behalf of consumers. And let’s face it, she’s done it while facing some very tough opposition and drawing a fair amount of heat. Fortunately, she’s very tough.


And that’s why I asked Elizabeth Warren to set up this new bureau. Over the past year she has done an extraordinary job. Already, the agency is starting to do a whole bunch of things that are going to be important for consumers -- making sure loan contracts and credit card terms are simpler and written in plain English. Already, thanks to the leadership of the bureau, we’re seeing men and women in uniform who are getting more protections against fraud and deception when it comes to financial practices. And as part of her charge, I asked Elizabeth to find the best possible choice for director of the bureau.


And that’s who we found in Richard Cordray. Richard was one of the first people that Elizabeth recruited, and he’s helped stand up the bureau’s enforcement division over the past six months. I should also point out that he took this job –- which meant being away from his wife and 12-year-old twins back in Ohio –- because he believed so deeply in the mission of the bureau. Prior to this, as Ohio’s attorney general, Rich helped recover billions of dollars in things like pension funds on behalf of retirees, and stepped up the state’s efforts against unscrupulous lending practices. He’s also served as Ohio’s treasurer and has successfully worked with people across the ideological spectrum -– Democrats and Republicans, banks and consumer advocates.


Now, last but not least, back in the ‘80s, Richard was also a five-time Jeopardy champion -- (laughter) -- and a semi-finalist in the Tournament of Champions. Not too shabby. That’s why all his confirmation -- all his answers at his confirmation hearings will be in the form of a question. That’s a joke. (Laughter.)


So I am proud to nominate Richard Cordray to this post. And we’ve been recently reminded why this job is going to be so important. There is an army of lobbyists and lawyers right now working to water down the protections and the reforms that we passed. They’ve already spent tens of millions of dollars this year to try to weaken the laws that are designed to protect consumers. And they’ve got allies in Congress who are trying to undo the progress that we’ve made. We’re not going to let that happen.

The fact is the financial crisis and the recession were not the result of normal economic cycles or just a run of bad luck. They were abuses and there was a lack of smart regulations. So we’re not just going to shrug our shoulders and hope it doesn’t happen again. We’re not going to go back to the status quo where consumers couldn’t count on getting protections that they deserved. We’re not going to go back to a time when our whole economy was vulnerable to a massive financial crisis. That’s why reform matters. That’s why this bureau matters. I will fight any efforts to repeal or undermine the important changes that we passed. And we are going to stand up this bureau and make sure it is doing the right thing for middle-class families all across the country.


Middle-class families and seniors don’t have teams of lawyers from blue-chip law firms. They can’t afford to hire a lobbyist to look out for their interests. But they deserve to be treated honestly. They deserve a basic measure of protection against abuse. They shouldn’t have to be a corporate lawyer in order to be able to read something they’re signing to take out a mortgage or to get a credit card. They ought to be free to make informed decisions, to buy a home or open a credit card or take out a student loan, and they should have confidence that they’re not being swindled. And that’s what this consumer bureau will achieve.


I look forward to working with Richard Cordray as this bureau stands up on behalf of consumers all across the country. I want to thank both Elizabeth and Tim Geithner for the extraordinary work that they’ve done over at Treasury to make sure that, a year after we passed this law, it is already having an impact and it’s going to have impact for years to come.


Thank you very much and congratulations, Rich.

Tuesday, June 28, 2011

WH Pool: President Orders Magic Mountains and Volcano to Go

The president made an unannounced stop at Ross', a 24-hour local eatery in Bettendorf, Iowa, owned by a woman he met at an Aug. 25, 2008, town hall meeting.

Cynthia Freidhof, the owner, amused Obama at the town hall with her description of the sandwiches sold at Ross': the Magic Mountain (Texas toast grilled, loose steamed hamburger meat, choice of french fries or hash browns, homemade cheddar cheese, onions) and the Volcano (the Magic Mountain plus spicy hot chili on top).

During the 2008 town hall at the Mississippi Valley Fairgrounds, which was for undecided voters, Obama said he would make it one day to Ross'.

Obama walked into the restaurant around 12:10 p.m., surprising the lunch crowd and the restaurant workers.

He greeted Freidhof, who was shocked and very excited.

"How are you doing? We came to order some food," Obama said.

He held up an enormous cinnamon roll, about six inches in diameter.

"I'm not sure I'm going to be able to eat one of these," Obama joked.

He was then given a description of the sandwiches.

"Anybody who wants one, I will buy it for you," Obama said. "Anybody in the press corps has to eat the whole thing. I already got some takers on the plane though, so we're going to order four Magic Mountains and two Volcanos."

"Any takers on the press?" Obama asked.

No one responded.

"You chickens," he said.

Obama then turned his attention to Freidhof.

"So business is going ok?" Obama asked her.

"It is going ok, it is ok, yeah," Freidhof said before quickly changing the subject. She said a woman told her Obama would stop by Ross' one day, that "he is a man of his word. I didn't believe her."

"I'm thrilled to be here," Obama said.

He worked his way through the restaurant, taking pictures and shaking hands.

Interview with Freidhof:

She said she wasn't given a heads up on the visit. She was standing outside the restaurant to watch the motorcade and saw it turn into her business, which was started by her father in 1940.

"I hope he brought his antacids because he said he's going to need one after he eats the Magic Mountain, he thinks, but I don't think so," she said.

She renamed it the "Presidential Magic Mountain" for the day.

"This is just beyond," Freidhof said.

She said she still supports the president and that she would do everything she can to help him win Iowa.

"I think he is doing the very best he can with the way things are," she said.

A local reporter said Guiliani stopped by Ross' a few years ago.
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The president arrived at 12:41 pm at the Alcoa factory. The streets were thick with onlookers.

Tuesday, January 25, 2011

Key Points of President's Plan to "Win the Future"

FROM THE WHITE HOUSE

In his State of the Union, President Obama spoke of the need to maintain America’s leadership in a rapidly changing world so that our economy is competitive – growing and working for all Americans. To do so, he is putting forward a plan to help the United States win the future by out-innovating, out-educating, and out-building our global competition. At the same time, the President understands the need to reform the way our government does business and take responsibility for our deficit – by investing in what makes America stronger and cutting what doesn’t.

· Innovate: The President is calling for new investments in American innovation. The President’s Budget will help increase the nation’s R&D investments, as a share of GDP, to its highest levels since President Kennedy. He is issuing a challenge to America’s scientists and engineers to invent new clean energy technologies that will lead the world. To incentivize these innovations, the President is calling for 80 percent of America’s electricity to come from clean sources by 2035, including wind, solar, nuclear, clean coal and natural gas. He is also putting forward measures to ensure that the U.S. is the first country to put 1 million advanced technology vehicles on its roads.



· Educate: The President understands that to win the future, we have to win the race to educate our children. Building on the success of Race to the Top, he is calling on Congress to re-define and right-size the federal role in education, by replacing No Child Left Behind with a new law that raises expectations, challenges failure, rewards success, and provides greater flexibility for schools to innovate and improve results for their students. The President is also pledging to prepare an additional 100,000 science, technology, engineering, and math teachers by the end of the decade. To help restore America’s global leadership in higher education, the President will continue efforts to strengthen the Pell Grant program and is calling on Congress to make permanent his American Opportunity Tax Credit, worth $10,000 for four years of college.



· Build: The President is calling for a new effort to ensure that the U.S. has the fastest, most reliable ways to move people, goods, and information – from roads and airports to high-speed rail and high-speed Internet. He is proposing efforts to repair and rebuild America’s infrastructure and put forward a National Wireless Initiative to help business extend the next generation of wireless coverage to 98 percent of the population.



· Reform: The President is working to reform government so that it is leaner and smarter for the 21st century, removing barriers and creating new incentives for growth. The President has ordered a review of regulations to remove needless burdens, while ensuring common sense standards to protect the American people. He also asked for efforts to merge, consolidate and reorganize federal agencies to make America more competitive. The President is urging reforms to further reduce the rate of health care cost growth, including medical malpractice liability. And to ensure that the U.S. remains the best place for businesses to invest, President Obama is calling to reform our corporate tax system, eliminating loopholes and lowering the corporate rate without adding to the deficit.



· Responsibility: The President recognizes that both parties and both houses of Congress must come together to reduce our deficits. As a step toward achieving that goal, he is calling for a five-year freeze on all spending outside of security, Medicare, Medicaid and Social Security. This freeze will require substantial cuts, including to programs the President supports, to allow for the investments in education and research that our economy needs. He called for a bipartisan effort to strengthen Social Security to safeguard it for future generations, and wants both parties and both houses of Congress to work together to cut spending wherever it may be appropriate, including health spending, defense spending and spending in the tax code.

INNOVATE


From the Internet to GPS, inventions by talented scientists and engineers supported by government investments have created good middle class American jobs and transformed the world. That is why the President’s Budget will help America win the future, increasing the nation’s research and development investment as a share of GDP to its highest level since President Kennedy launched the space race. President Obama’s innovation agenda includes:



· A new commitment to supporting clean energy technology, paid for by ending taxpayer subsidies for fossil fuels: The President’s Budget will propose increasing clean energy technology funding by a third compared to 2010, including an expansion of the successful ARPA-E research program and a doubling of the number of Energy Innovation Hubs operating around the country. These Hubs will allow America’s scientists and engineers to gather the best minds in their fields, and focus on the hardest problems in clean energy. The President’s Budget will also focus on high-value research on clean energy deployment, including more than doubling investments in energy efficiency and a more than 85 percent increase in renewable energy investment. These investments will support the “$1 a Watt” initiative to make solar energy cost competitive; increased funding for 24-hour geothermal renewable energy; and industrial efficiency to keep U.S. manufacturing competitive. To ensure that we make these investments without adding to the deficit, the President called for ending the approximately $4 billion per year in tax subsidies to oil, gas and other fossil fuel producers.



· Putting 1 million advanced technology vehicles on U.S. roads by 2015: In 2008, the President set an ambitious goal of putting 1 million advanced technology vehicles on the road by 2015 – which would put us on a path to reducing oil consumption by 785 million barrels by 2030. While the President’s efforts to date have positioned the U.S. to meet that goal, more is needed to ensure that the U.S. is the first country to put 1 million advanced vehicles on its roads. To reach that goal, President Obama will propose in his Budget a new effort to support electric vehicle manufacturing and adoption in the U.S. through improved consumer rebates, investments in R&D, and competitive programs to encourage communities that invest in electric vehicle infrastructure. This builds on our ongoing efforts to reduce dependence on foreign oil through aggressive steps including strong fuel economy standards for cars and trucks and significant investments in biofuels.



· Doubling the share of electricity generated from clean energy sources by 2035: By proposing to make sure that 80 percent of electricity comes from clean energy sources, the President is proposing new standards that will help create a market to unleash innovation across a range of energy sources, from renewable sources to nuclear power, clean coal, and natural gas. This standard would be coupled with new efforts to promote energy efficiency that save money for American families and businesses – including a new initiative to catalyze private sector investment and upgrade commercial buildings such as offices, stores, schools and other municipal buildings, universities, and hospitals. It will also build on the U.S. Department of the Interior’s efforts to site more renewable energy projects on public lands than at any point in history.


EDUCATE


To guarantee America’s continued success, no race is more important to win than the one to educate our children. That is why President Obama remains committed to the goal of preparing every student to graduate from high school ready for college and a career. The President is focused on ensuring that America reclaims its leadership in the world with the highest proportion of college graduates by the end of the decade. To transform our education system, the President called for:



· Raising expectations to reform America’s schools: Building on the success and reforms of Race to the Top, the President is pledging to work with Congress to apply a bipartisan approach to replacing No Child Left Behind. The Administration’s Blueprint for Reform calls for a re-defined federal role in education that will raise expectations for schools and students, and make room for states and school leaders to lead the way in improving results. The President’s Budget will call for bold restructuring of federal funding to focus on a new goal of college and career readiness for all students.



· Preparing 100,000 new STEM teachers: President Obama has proposed efforts to prepare 100,000 new teachers in science, technology, engineering, and math – key skills for the best jobs in America. The President’s plan will expand promising and effective teacher preparation models and prepare more of the nation’s top STEM graduates for a teaching career.



· Promoting college access and completion: The President will continue efforts to strengthen the Pell Grant, promote more affordable student loans, and revitalize and expand access to America’s community colleges. In addition, the President called on Congress to make permanent the American Opportunity Tax Credit that’s worth up to $10,000 for four years of college and has helped millions of middle class families reinvest real dollars in their children’s higher education.



· Reforming immigration laws to stop expelling talent: The President asked Congress to work with him to reform our immigration system in a comprehensive manner so that we stop expelling talented and responsible young people, whether they were brought here by their parents as children, or come from other countries to pursue college and advanced degrees. As we work to rebuild the economy, our ability to thrive depends, in part, on restoring responsibility and accountability to our immigration system.



BUILD


President Obama called on the nation to repair our existing infrastructure and build new ways to move people, goods and information; from high-speed trains to high-speed Internet – creating middle-class jobs and strengthening our ability to win the future by competing in a global economy. The President’s plan to redouble our efforts on infrastructure includes:



· Repairing roads, bridges and transit: The President’s Budget will outline a comprehensive, six-year plan to leverage our resources to repair crumbling roads, bridges, and transit. It will feature up-front investments that will both help generate hundreds of thousands of jobs now and lay a foundation for future economic growth that will benefit all Americans. It will also include transformational investments such as an infrastructure bank that will revolutionize infrastructure finance, leveraging government resources through attracting private capital to build projects of national and regional significance. The President is committed to making sure that this infrastructure program is fully paid for, and free of earmarks.



· Increasing access to high-speed rail: The President is proposing a significant down payment on a national rail network so that, within 25 years, 80 percent of Americans have convenient access to the high-speed rail system, cutting travel time in half relative to driving a car. This new system of high-speed and intercity passenger rail will connect communities, reduce travel times and congestion, create skilled manufacturing jobs that can't be outsourced, and spur new innovations by the next generation of American entrepreneurs.



· Launching a National Wireless Initiative to provide 98 percent of Americans access to high-speed Internet: To move toward connecting every American to the digital age, including rural communities, the President announced that he will work to help business extend the next generation of wireless services to 98 percent of all Americans. This National Wireless Initiative will enable businesses to grow faster, students to learn more, and public safety officials to access state-of-the-art, secure, nationwide, and interoperable mobile communications. For public safety officials, this can mean the difference between success and failure, or even life and death; as such technologies can allow emergency workers to access building designs at the scene of an accident and police officers to send pictures to one another in real-time. Finally, the initiative will foster the conditions for the next generations of wireless technology, nearly doubling the amount of wireless spectrum available for mobile broadband (through incentive auctions and other mechanisms to ensure spectrum is used more efficiently) and providing critical support for R&D in wireless innovation.



REFORM



The President is committed to reforms that make government leaner, smarter, more open and ready for the 21st century. These reforms will enable America to win the future by removing barriers and creating incentives for growth, while protecting the health, safety, and well-being of the American people.



· Reforming the corporate tax code: The President is proposing a bipartisan effort to reform the corporate tax code to support economic growth, competitiveness and investment in the United States. Over decades, the corporate tax code has been filled by deductions and loopholes that benefit narrow interests and erode our tax base and requires us to have one of the highest corporate tax rates in the world. This system is working against our economy’s competitiveness and growth potential. That is why the President is calling for a fundamental reform of the corporate tax system to close loopholes and use the savings to pass the first reduction in the corporate tax rate in 25 years, without adding a dime to the deficit.



· Passing trade agreements that help reach our goal of doubling exports by 2014: As part of his commitment to doubling exports by 2014, the President is calling for trade agreements that keep faith with American workers and create American jobs. In keeping with that framework, he is also calling on Congress to pass the recently completed U.S.-Korea Free Trade Agreement. In addition, he is calling to extend this successful model of trade talks to new potential trade deals – from South America to Asia Pacific, and to our global trade talks. He will also push for additional export agreements like the recently signed agreements with India and China that will support more than 250,000 jobs in the U.S.



· Building on deficit reduction in the Affordable Care Act with additional measures to reduce health care costs – including medical malpractice reform: Building on the deficit reduction already passed through the Affordable Care Act, the President said his Budget will include further efforts to reduce the cost of health care. As part of these efforts, the President pledged to work with Republicans to support state reforms of medical malpractice systems to bring down costs and improve care – building on Administration efforts already underway to assess what works in medical malpractice reform.



· Reviewing and eliminating burdensome regulation: President Obama has ordered a review of regulations to ensure that the government is achieving the right balance between safeguarding the public through common sense standards, without needlessly burdening business.



· Reorganizing the Federal Government: The President announced that, in the coming months, he will ask for the authority to merge, consolidate, and reorganize the Federal Government in a way that makes America more competitive – the first such reorganization in half a century.



· Restoring faith in government: The President stated his commitment to new measures to restore faith in government – including providing taxpayers with a website that shows them how their tax dollars are being spent, renewing his call to veto special interest “earmarks” in all legislation, and asking Congress to publish all visitor records so Americans can know when lobbyists are meeting with elected officials and to pass the DISCLOSE act so that Americans can know when special interests are funding political campaign activity.


RESPONSIBILITY


The President made clear that now is the time to make the hard choices to reduce our deficits without sacrificing the investments we need to win the future – and that doing so will require bringing together members of both parties and both houses of Congress. As part of a down-payment on these efforts he is proposing in his Budget, the President is:

· Proposing a five-year freeze on discretionary spending: As a down payment toward reducing the deficit, the President is calling for a five-year freeze on non-security discretionary spending. The freeze will reduce the deficit by more than $400 billion over 10 years, and bring non-security discretionary spending to the lowest share of the economy since President Eisenhower was in office. This freeze will require substantial cuts, including to programs the President supports. In areas outside the freeze, we also will be looking for cuts and efficiencies. For instance, the President is putting forward a five-year plan proposed by Secretary Gates to achieve an additional $78 billion in defense savings.



· Strengthening Social Security for future generations: The President pledged to work with both parties to safeguard Social Security for future generations. He called for a bipartisan solution, working with both houses, that will strengthen Social Security and its protections for the most vulnerable – without putting at risk current retirees or people with disabilities, slashing benefits for future generations, or subjecting Americans’ guaranteed retirement income to the whims of the stock market.



· Ending the extension of the tax cuts for the wealthiest 2 percent: The President reiterated his strong opposition to permanent extension of tax cuts for the wealthiest 2 percent. The President believes that given the hard choices we need to invest in the future and reduce our deficits, we need to allow the upper-income tax cuts to expire and return the estate tax to its 2009 levels.







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