Press Conference on Economy

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What’s Gonna be there in Conference?

As I said in Cleveland on Wednesday, I ran for President because I believed the policies of the previous decade had left our economy weaker and our middle class struggling. They were policies that cut taxes, especially for millionaires and billionaires, cut regulations for corporations and for special interests, and left everyone else pretty much fending for themselves. They were policies that ultimately culminated in a financial crisis and a terrible recession that we are still digging out of today.

We came into office with a different view about how our economy should work Instead of tax cuts for millionaires, we believe in cutting taxes for middle-class families and small business owners. We have done that a Instead of letting corporations play by their own rules, we believe in making sure that businesses treat workers well and consumers friendly, and play by the same rules as everyone else. So we have put in place common-sense rules that accomplish that.

Instead of tax breaks that encourage corporations to create jobs overseas, we believe in tax breaks for companies that create jobs right here in the United States of America. And so we have begun to do that We believe in investments that will make America more competitive in the global economy investments in education and clean energy, in research and technology. And we are making those investments.

So these are the principles that have guided us over the last 19 months. And these are the principles that form the basis of the additional economic proposals that I offered this week. Because even though the economy is growing again, and we have added more than 750,000 private sector jobs this year, the hole the recession left was huge and progress has been painfully slow. Millions of Americans are still looking for work’s Millions of families are struggling to pay their bills or the mortgage. And so these proposals are meant to both accelerate job growth in the short term and strengthen the economy in the long run.

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