Weekly Address: President Obama Honors America’s Workers; Outlines Steps Taken to Strengthen the Middle Class

WASHINGTON – In his weekly address, President Obama reaffirmed his commitment to America’s workers and the middle class.  Even before the current recession hit, the middle class had been hurting from stagnant incomes and declining economic security.  To repair the economy and strengthen the middle class, the administration has invested in infrastructure projects that will lead to jobs in the private sector, taken emergency steps to prevent the layoffs of hundreds of thousands of teachers and cops, and cut taxes for 95 percent of working families.  The President is fighting to pass a law that will provide tax breaks for folks who create jobs in America.  

The full audio of the address is HERE. The video can be viewed online at www.whitehouse.gov.

Remarks of President Barack Obama
Saturday, September 4, 2010
Weekly Address
Washington DC

On Monday, we celebrate Labor Day. It’s a chance to get together with family and friends, to throw some food on the grill, and have a good time.  But it’s also a day to honor the American worker – to reaffirm our commitment to the great American middle class that has, for generations, made our economy the envy of the world.

That is especially important now.  I don’t have to tell you that this is a very tough time for our country.  Millions of our neighbors have been swept up in the worst recession in our lifetimes.  And long before this recession hit, the middle class had been taking some hard shots.  Long before this recession, the values of hard work and responsibility that built this country had been given short shrift.

For a decade, middle class families felt the sting of stagnant incomes and declining economic security.  Companies were rewarded with tax breaks for creating jobs overseas.  Wall Street firms turned huge profits by taking, in some cases, reckless risks and cutting corners.  All of this came at the expense of working Americans, who were fighting harder and harder just to stay afloat – often borrowing against inflated home values to pay their bills.  Ultimately, the house of cards collapsed.

So this Labor Day, we should recommit ourselves to our time-honored values and to this fundamental truth: to heal our economy, we need more than a healthy stock market; we need bustling main streets and a growing, thriving middle class.  That’s why I will keep working day-by-day to restore opportunity, economic security, and that basic American Dream for our families and future generations. 

First, that means doing everything we can to accelerate job creation. The steps we have taken to date have stopped the bleeding: investments in roads and bridges and high-speed railroads that will lead to hundreds of thousands of jobs in the private sector; emergency steps to prevent the layoffs of hundreds of thousands of teachers and firefighters and police officers; and tax cuts and loans for small business owners who create most of the jobs in America