Obama Wants to Break Through 'the Washington Logjam'

The president discusses his strategy for rebuilding the middle class.
4:01 | 08/03/13

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Transcript for Obama Wants to Break Through 'the Washington Logjam'
Hi everybody. This week I went down toward Amazon warehouse in Tennessee to talk more about what we need to do to secure a better bargain for the middle class. To make sure that anyone who works hard can get ahead in the 20% -- economy. Over the past -- years we fought our way back from the worst recession of our lifetimes and begun to lay a foundation for stronger more durable economic growth. Today our businesses created seven point three million new jobs over the last 41 months we now sell more products made America the rest the world than ever before. Health care costs are growing at the slowest rate in fifty years and our deficits are falling at the fastest rate in sixty years. But as any middle class family will tell you not where we need to be yet. Even before this crisis hit. We were living through a decade where a few with the top we're doing better and better while most families were working harder and harder just to get -- Reversing this trend must be Washington's highest part. -- is mind. But too often over the past two years Washington has taken its -- off the ball. They've allowed an endless parade of political posturing phony scandals to distract from growing our economy and strengthening the middle class. That's why I'm going out my ideas for how we can build on the cornerstones of what it means to be middle class of America. A good education eight. A -- bureau. Health care when you get sick. The secure retirement even if you're not rich. And the most important cornerstone of all a good job in a durable growing industry. When it comes to creating more good jobs that pay decent wages the problem is not a lack of ideas. Plenty of independent economists business owners and people from both parties agree on what we have to do. I proposed many of these ideas two years ago in the American Jobs Act. And this week I put forward common sense proposals for how we can create more jobs in manufacturing. In wind solar and natural gas and by rebuilding America's infrastructure. What we're lacking is action from Washington. And that's why in addition to proposing ideas that we know will grow our economy. I also put forward a strategy for breaking through the Washington law. A grand bargain for the middle class I'm willing to work with Republicans to simplify our tax code for businesses large and small. But only if we take the money we saved by transitioning to a simpler tax system and make a significant investment in creating good middle class jobs. We can put construction workers back on the job rebuilding our infrastructure. We can boost manufacturing so more American companies could sell their products around the world. And we can help our Community Colleges are more workers with the skills they need in -- global economy. All without adding a dime to the deaths. I'll keep playing -- my ideas to give the middle class a better shot -- -- point percent for an all keep reaching out to Republicans purveyors. But cutting critical investments and our future and threatening a national default on the bills that congress has already racked up it's not an economic plan. Denying health -- to millions of Americans or shutting down the government just because I'm for keeping an open that won't help the middle class. The truth is there are no gimmicks -- comes to creating jumps. Note tricks to growing the economy. Reversing the long erosion of middle class security in this country won't be easy but if we work together. And take a few bold steps. And of Washington's willing to set aside politics and focus on what really matters. We can grow our economy and give the middle class a better work. And together we can make this country a place where everyone who works hard can get a -- Things. -- --

This transcript has been automatically generated and may not be 100% accurate.

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