Weekly Address 10-30-10

 Posted by at 07:54  Politics
Oct 302010

“Working Together on the Economy”

From the White House weblog:

Ahead of the elections, the President says no matter what happens both parties must work together to boost the economy, and expresses concern about statements to the contrary from Republican Leaders.

(Good luck with that, Mr. President. Given how the Republicans have worked with you over the past two years, one can only imagine how they’ll behave if (gods forbid) they win a majority in the House or the Senate. It will most likely be as Paul Krugman predicts: “This is going to be terrible. In fact, future historians will probably look back at the 2010 election as a catastrophe for America, one that condemned the nation to years of political chaos and economic weakness.” But I digress… back to your weekly address.)

Click below to listen to the audio only:

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The transcript of the president’s weekly address, as prepared for delivery, is available after the break.

Remarks of President Barack Obama
Weekly Address
Washington, D.C.
October 30, 2010

Tuesday is Election Day, and here in Washington, the talk is all about who will win and who will lose – about parties and politics.

But around kitchen tables, I’m pretty sure you’re talking about other things: about your family finances, or maybe the state of the economy in your hometown; about your kids, and what their futures will bring. And your hope is that once this election is over, the folks you choose to represent you will put the politics aside for a while, and work together to solve problems.

That’s my hope, too.

Whatever the outcome on Tuesday, we need to come together to help put people who are still looking for jobs back to work. And there are some practical steps we can take right away to promote growth and encourage businesses to hire and expand. These are steps we all should be able to agree on – not Democratic or Republican ideas, but proposals that have traditionally been supported by both parties.

We ought to provide continued tax relief for middle class families who have borne the brunt of the recession. We ought to allow businesses to defer taxes on the equipment they buy next year. And we ought to make the research and experimentation tax credit bigger and permanent – to spur innovation and foster new products and technologies.

Beyond these near-term steps, we should work together to tackle the broader challenges facing our country – so that we remain competitive and prosperous in a global economy. That means ensuring that our young people have the skills and education to fill the jobs of a new age. That means building new infrastructure – from high-speed trains to high-speed internet – so that our economy has room to grow. And that means fostering a climate of innovation and entrepreneurship that will allow American businesses and American workers to lead in growth industries like clean energy.

On these issues – issues that will determine our success or failure in this new century – I believe it’s the fundamental responsibility of all who hold elective office to seek out common ground. It may not always be easy to find agreement; at times we’ll have legitimate philosophical differences. And it may not always be the best politics. But it is the right thing to do for our country.

That’s why I found the recent comments by the top two Republican in Congress so troubling. The Republican leader of the House actually said that “this is not the time for compromise.” And the Republican leader of the Senate said his main goal after this election is simply to win the next one.

I know that we’re in the final days of a campaign. So it’s not surprising that we’re seeing this heated rhetoric. That’s politics. But when the ballots are cast and the voting is done, we need to put this kind of partisanship aside – win, lose, or draw.

In the end, it comes down to a simple choice. We can spend the next two years arguing with one another, trapped in stale debates, mired in gridlock, unable to make progress in solving the serious problems facing our country. We can stand still while our competitors – like China and others around the world – try to pass us by, making the critical decisions that will allow them to gain an edge in new industries.

Or we can do what the American people are demanding that we do. We can move forward. We can promote new jobs and businesses by harnessing the talents and ingenuity of our people. We can take the necessary steps to help the next generation – instead of just worrying about the next election. We can live up to an allegiance far stronger than our membership in any political party. And that’s the allegiance we hold to our country.

Thank you.


  6 Responses to “Weekly Address 10-30-10”

  1. The Grand old party co0operating with the president.yeh that will be the day.

  2. Oh the good ol president. He hasn’t a clue about the common family life. thinking we talk at our dinner tables about bills and troubles. I surely don’t and I do not think most Americans do. With the Children at the tables with us we do not want them worrying about details. Not to mention, most Americans do not even have a meal together at a table.
    Oh I know, it all about Politics,A Balance Act of Finances. I think they should just learn how to say no to things. My thought is the Government has it’s hands in way too many things. Let them run government and have a set percentage tax for all. They need to be working on cutting back on spending.
    I do not think any party has the answers. It is the person we elect into office that matters. Is he/she trust worthy, for the people, does he/she listen to the people, and most important are they representing the peoples desires.
    Finding a candidate that will fairly represent the people is the hard one. Most of the politicians have not been Poor or in a financial dire. It is hard for that caliber of person to run for office. Our constitution will not permit it.
    I hope all will vote this Tuesday and voice your opinions.

  3. @ Auntie E:
    I don’t know about your family, but my parents always made it a point to gather us all together for dinner every night. 6:00 p.m. on the dot. If you weren’t there, you had better have had a dang good excuse. It’s something that we’re trying to carry on with our family, too. It does make a big difference.

    All these people that are now complaining about government spending… I have to wonder where they were during those eight years that George W. Bush was digging us into this hole. I sure didn’t hear them complaining then. President Obama has actually reduced the deficit and cut taxes for most Americans. Do you hear the Tea Party folks hollering about that? Didn’t think so. 😉

  4. You know where they were Len? Happily enjoying anything he did that benefitted them while turning a blind eye to the mess he was creating. The reason for the deficit isn’t “government spending”, per se, it’s government spending without the revenue increases (i.e. taxes) to cover it. If Dubya had actually raised the taxes enough to cover all the unfunded mandates and other crap he spent the government’s money on, the whole Republican base would have raised holy hell. IIRC we went from a surplus of several hundred million to a multi-trillion dollar deficit in barely eight years. There were economists around the time of Obama’s inauguration who said it would take DECADES to get ourselves dug out of this. And the republicans have the nerve to blame Obama for our current problems?

    Today’s republicans are a travesty. Great men like Abraham Lincoln and Theodore Roosevelt would be ashamed of them.

  5. Oh and there was a study done a while back looking at which country in the world has the happiest residents. I don’t remember where they said the happiest country was–might have been Sweden or Switzerland, I know it was one of the Nordic countries–but what hit me was the tax rate. The tax burden on the happiest people in the world is SIXTY TWO PERCENT! That’s more than double ours, but in return they get the best of everything government pays for–infrastructure, public safety, education, health care. When asked if it bothers them that they have such high taxes they say things like “of course not! Our taxes pay for all these good things”.

    I think I’ve commented about this before, but I just find it so mind-blowing that our own “keep the taxes low” attitude is causing so many problems in the United States. We have yet to figure out that you can’t have it both ways.

  6. I was talking to someone today about the happiest people study, they corrected me–it’s Norway. 🙂 IIRC Switzerland has free education through the college level, I think that’s what confused me.

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