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Remarks of President Barack Obama
Weekly Address
The White House
November 6, 2010
This week, Americans across the country cast their votes and
made their voices heard. And yourmessage was clear.
Youre rightly frustrated with the pace of our economic recovery.
So am I.
Youre fed up with partisan politics and want results. I do
too.
So I congratulate all of this weeks winners Republicans,
Democrats, and Independents. Butnow, the campaign season is over.
And its time to focus on our shared responsibilities to
worktogether and deliver those results: speeding up our economic
recovery, creating jobs, andstrengthening the middle class so that
the American Dream feels like its back within reach.
Thats why Ive asked to sit down soon with leaders of both
parties so that we can have anextended discussion about what we can
do together to move this country forward.
And over the next few weeks, were going to have a chance to work
together in the briefupcoming session of Congress.
Heres why this lame duck session is so important. Early in the
last decade, President Bush andCongress enacted a series of tax
cuts that were designed to expire at the end of this year.
What that means is, if Congress doesnt act by New Years Eve,
middle-class families will seetheir taxes go up starting on New
Years Day.
But the last thing we should do is raise taxes on middle-class
families. For the past decade, theysaw their costs rise, their
incomes fall, and too many jobs go overseas. Theyre the ones
bearingthe brunt of the recession. Theyre the ones having trouble
making ends meet. They are the oneswho need relief right now.
So somethings got to be done. And I believe theres room for us
to compromise and get it donetogether.
Lets start where we agree. All of us want certainty for
middle-class Americans. None of uswant them to wake up on January
1st with a higher tax bill. Thats why I believe we
shouldpermanently extend the Bush tax cuts for all families making
less than $250,000 a year. Thats98 percent of the American
people.
We also agree on the need to start cutting spending and bringing
down our deficit. Thats goingto require everyone to make some tough
choices. In fact, if Congress were to implement myproposal to
freeze non-security discretionary spending for three years, it
would bring thisspending down to its lowest level as share of the
economy in 50 years.
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But at a time when we are going to ask folks across the board to
make such difficult sacrifices, Idont see how we can afford to
borrow an additional $700 billion from other countries to makeall
the Bush tax cuts permanent, even for the wealthiest 2 percent of
Americans. Wed bedigging ourselves into an even deeper fiscal hole
and passing the burden on to our children.
I recognize that both parties are going to have to work together
and compromise to get somethingdone here. But I want to make my
priorities clear from the start. One: middle class familiesneed
permanent tax relief. And two: I believe we cant afford to borrow
and spend another $700billion on permanent tax cuts for
millionaires and billionaires.
There are new public servants in Washington, but we still face
the same challenges. And youmade it clear that its time for
results. This a great opportunity to show everyone that we got
themessage and that were willing, in this post-election season, to
come together and do whats bestfor the country we all love.
Thanks.
[PRESIDENTIAL WEEKLY ADDRESS ASSESMENT PHASE A START OF]
This week, Americans across thecountry cast their votes and made
their voices heard. Andyour message was clear.
Youre rightly frustrated with the pace of oureconomic recovery.
So am I.
y [ Old English is, es < Indo-European] y [ Old English e,
earlier se < Indo-European]
[12th century. < Old Norse eirra "theirs"
theirs [erz]
pronoun1. belonging to them: belongin
specific group of people or th
y Theirs was the biggest hou
the town.
[ Old English ws,form of wesan "be"
