Obama's Weekly Address: State of the Union Jobs Promise

The president discusses his plan to strengthen the middle class in America.
4:27 | 02/16/13

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Transcript for Obama's Weekly Address: State of the Union Jobs Promise
This week I've been traveling across the country. From North Carolina to Georgia to hear at Hyde Park academy in my hometown of Chicago. Talking with folks about the important tasks that I laid out of my State of the Union Address. Reigniting the true engine of America's economic growth a rising thriving middle class. Every day we should ask ourselves three questions. How to we bring good jobs to America. How do we equip people with the skills those jobs require. And how do we make sure your hard work leads to a decently. I believe all that starts by making America a magnet for new jobs in manufacturing. After shedding jobs for more than ten years our manufacturers -- added about 500000 jobs over the past three. What we need to do now is simple we need to accelerate that trend. We need to -- manufacturing hubs across the country will transform hard hit regions in the global centers of high tech jobs in manufacturing. We need to make our tax code more competitive. Ending tax breaks for companies that ship jobs overseas and rewarding companies that create jobs here home. And we need to invest in the research and technology. The -- allow us to harness more of our energy and put more people back to work repairing our crumbling roads and purchase. These steps will help our businesses expand and create new jobs. We also need to provide every American with the skills and training that they need to fill those jobs. Let's start in the earliest years by offering high quality preschool every child in America because we know kids and these programs -- better throughout their lives. Let's -- -- our high schools so that our students graduate with the skills that employers are looking for right now. And because taxpayers can't continue to subsidize the soaring cost of higher education. -- called on congress to take affordability and value into account when determining which colleges receive certain types of federal way. So those are steps we can take to help bring good jobs to America and equip our people with the skills those jobs require. And that brings us to the -- question. How do we make sure hard work leads to a decent weather. No one in America should work full time and raise their children in poverty so let's raise the minimum wage so -- -- wage you can live off. And it's time to harness the talents and ingenuity of hard working immigrants but finally passing comprehensive immigration reform. Securing our borders establishing a responsible path to earned citizenship. And attracting highly skilled entrepreneur was and engineers will help create jobs. These steps will help -- economy and rebuild -- rising thriving middle class. And we can do it while shrinking our deficits. Would have to choose between the two we just have to make smarter choices. Over the last few years both parties have worked together to reduce the deficit by more than 2.5 trillion dollars which puts us more than halfway toward the goal. Four trillion dollars in deficit reduction that economists say we need to stabilize our finances. Now we need to finish the job. I disagree with the Republicans who think we should do that by making even bigger cuts to things like education and job training. Or Medicare and Social Security benefits. That would force our senior citizens and working families to bear the burden of deficit reduction while the wealthiest are asked to do nothing more. That won't work we can just cut our way to prosperity. Instead I proposed a balanced approach one that makes responsible reforms to bring down the cost of health care. And face hundreds of billions of dollars by getting rid of tax loopholes and deductions for the well off and welcome back to. And we should finally pursue bipartisan comprehensive tax reform that encourages job creation and help bring down the deficit so we know what we need to do. All the steps I've mentioned are common sense. And together they will help us grow our economy and strengthen our middle class. In the coming weeks and months our work won't be easy and we won't agree on every. But America always moves forward when we do sort of got. When we accept certain obligations to one. In the future generations. At the American story. And that is how we will write the next great chapter. Together. Thanks and have a great weekend.

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

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