Obama: 'Now's the Time to Step on the Gas'

President Obama applauds the recent jobs growth, but says more action needed.
2:14 | 12/03/11

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Transcript for Obama: 'Now's the Time to Step on the Gas'
This week we learned that our economy added another 140000. Private sector jobs in November. Despite some strong headwinds -- America's economy has now created private sector jobs for the past 21 months in a -- Almost three million new jobs -- all more than half a million of them in the past four months along. We need to keep this growth going and strengthen. That's why we've been fighting to pass a series of jobs bills through congress. Bills that independent economists say will create more jobs and grow the economy even faster. Because announced the time to step on the gas out slam on the ports. Unfortunately too many Republicans in congress don't seem to share that same sense of urgency. Over the last few months they said no to most of these jobs -- Noted putting teachers and firefighters back to work. -- putting construction workers back on the job. And this week they actually said no to cutting taxes for middle class families. You -- last year both parties came together to cut payroll taxes for the typical middle class family by about a thousand dollars. But that tax cuts set to expire at the end of this month. If that happens that same family will see its taxes go up by -- thousand dollars. We can't let that happen. In fact I think we should cut taxes on working families and small business owners even more. We're keep pushing congress to make this happen. They shouldn't go home for the holidays until they get this done. If you agree with me -- -- -- help. We've set up a simple tax cut calculator on whitehouse -- -- so that you can see exactly what the stakes are for your family. Try it out. Then let your members of congress know where you stand. Tell them not to vote to raise taxes on working Americans during the Hollis. Tell them to put country before part. Put money back in the pockets of working Americans. Pass these tax cuts. -- we're all in this together. More Americans succeed. The more America succeeds. We remember that and do what it takes to keep this economy growing opportunity -- and I'm confident there will come out of this stronger than before.

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

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