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Public Statements

Issue Position: Jobs and the Economy

Issue Position

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* The President is taking aggressive steps to put Americans back to work, and restore middle-class security for decades to come.

* For years before the economic crisis, middle-class security had been slipping away. Wages stagnated while health care costs soared.

* We've added back 2.6 million private sector jobs as of September 2011, but there's more work to do.

* When President Obama took office, he both addressed the immediate economic crisis and laid the foundation for a U.S. economy that can out-innovate and out-build the world.

Protecting American Workers

FACT: President Obama successfully fought for the Trade Adjustment Assistance Extension Act to provide benefits and retraining to workers who have seen their jobs move overseas.

Made in America

* President Obama created the National Export Initiative, a government-wide effort to help small businesses compete in the global marketplace and double our nation's exports by 2015.

* To level the playing field for American businesses and workers, President Obama signed trade agreements with South Korea, Colombia, and Panama. Together, the agreements are estimated to increase exports by over $11 billion and support over 70,000 American jobs.

Investing in American Manufacturing and Invention

* President Obama provided tax incentives and made investments in clean energy technologies such as wind turbines and advanced car batteries to grow high-technology U.S. manufacturing capacity and supply clean energy projects with American-made parts and equipment.

* President Obama launched the Advanced Manufacturing Partnership, a national effort to invest in technologies that will create high-quality manufacturing jobs and enhance America's global competitiveness.

* President Obama signed the America Invents Act, historic patent reform legislation that will help American entrepreneurs bring inventions to market sooner, helping to create new businesses and new jobs.

Reforming Wall Street and Protecting Consumers

President Obama passed the Wall Street Reform and Consumer Protection Act to hold Wall Street accountable and end taxpayer-funded bailouts. Wall Street reform ensures that if a financial company fails, it will be Wall Street that pays the price--not the American people--and sets ground rules for the riskiest financial speculation. The Consumer Financial Protection Bureau was established to protect consumers from unfair financial practices and make sure that credit card companies and mortgage and payday lenders have to follow the rules. Watch this video to see how the law will protect consumers and help hold Wall Street accountable.

What the American Jobs Act Means for Hispanic Families

With unemployment among Hispanics at an unacceptably high rate of 11.3 percent--and nearly 1 million Hispanic Americans out of work for six months or more--the President believes that we must take action to support the hardworking families that drive our nation's prosperity and growth. That's why the President has put forward a plan to increase the pace of job creation in America, and why he's committed to fighting for Congress to act on it.

Made in America

* President Obama created the National Export Initiative, a government-wide effort to help small businesses compete in the global marketplace and double our nation's exports by 2015.

* To level the playing field for American businesses and workers, President Obama signed trade agreements with South Korea, Colombia, and Panama. Together, the agreements are estimated to increase exports by over $11 billion and support over 70,000 American jobs.

Supporting Small Business

Small businesses are the engine of job creation--responsible for two out of every three new jobs in the U.S. That's why President Obama has passed tax cuts for small businesses 17 times. The Affordable Care Act also supports small businesses by providing them with better affordable health care options for employees, simpler administrative operating rules, and billions of dollars in tax relief.

Rescuing the U.S. Auto Industry

President Obama made the tough and politically unpopular decision to extend emergency rescue loans to the American auto industry, saving 1.4 million jobs and preventing an economic catastrophe for communities across the country. GM and Chrysler were required to cut labor costs and overhaul their business models in exchange for government loans, guaranteeing their accountability to taxpayers. Today, GM and Chrysler have repaid the loans they received and are rehiring thousands of workers.

The American Jobs Act and Women

It's critical that any plan for recovery and job growth include opportunities for women.

Putting America Back to Work

President Obama passed the American Recovery and Reinvestment Act, which included a tax cut for 95 percent of working families, tax cuts for small businesses, emergency funding to support about 266,000 jobs in public schools, and investments in the clean energy sector that created or saved 224,500 jobs through the end of 2010.

We still have more work to do.

The President has proposed the American Jobs Act, nearly all of which is made up of ideas that have been supported by both Democrats and Republicans. Check out our fact sheet to see how the Act would put people back to work and allow working Americans to keep more of what they earn.


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