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Obama, Barack - President
Thank you, everybody. (Applause.) Thank you so much. Please, everybody have a seat. Have a seat. |
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Obama, Barack - President
Thank you, Joe, for the outstanding work you’re doing on behalf of the American people every day. I want to thank all the members of my Cabinet and... |
| 00:07:149 sec. |
Obama, Barack - President
I’m glad to see that everybody has recovered from the wild time we had last night. (Laughter.) It was wonderful to have all of you here. |
| 00:07:2338 sec. |
Obama, Barack - President
And I always look forward to this event because governors are at the front line of America’s recovery. You see up close what’s working, what’s... |
| 00:08:0132 sec. |
Obama, Barack - President
I first addressed this group three years ago and it was the moment, as Joe mentioned, when the economy was in a freefall. Some of you were just coming... |
| 00:08:3330 sec. |
Obama, Barack - President
Today there's no doubt that enormous challenges remain. But the fact of the matter is that over the last two years American businesses have created... |
| 00:09:0331 sec. |
Obama, Barack - President
That means we’ve got to strengthen American manufacturing so that more and more good jobs and products are made here in America. It means that we’ve... |
| 00:09:3428 sec. |
Obama, Barack - President
No issue will have a bigger impact on the future performance of our economy than education. In the long run it’s going to depend -- determine whether... |
| 00:10:0234 sec. |
Obama, Barack - President
Today, the unemployment rate for Americans with at least a college degree is about half the national average. Their incomes are about twice as high... |
| 00:10:3643 sec. |
Obama, Barack - President
Now, in the last three years, the good news is we’ve made some important progress, working together. We’ve broken through the traditional stalemate... |
| 00:11:1924 sec. |
Obama, Barack - President
We’ve also worked with all of you –- Democrats and Republicans –- to try to fix No Child Left Behind. We said that if you’re willing to set... |
| 00:11:4336 sec. |
Obama, Barack - President
I believe education is an issue that is best addressed at the state level. And governors are in the best position to have the biggest impact. I realize... |
| 00:12:1935 sec. |
Obama, Barack - President
Nothing more clearly signals what you value as a state than the decisions you make about where to invest. Budgets are about choices. So today I’m... |
| 00:12:5432 sec. |
Obama, Barack - President
Now, there are two areas in education that demand our immediate focus. First, we’ve just got to get more teachers into our classrooms. Over the... |
| 00:13:2641 sec. |
Obama, Barack - President
Other countries are doubling down on education and their investment in teachers -- and we should, too. And each of us is here only because at some... |
| 00:14:0731 sec. |
Obama, Barack - President
Now, we want to help you everyplace that we can. At the federal level, we’ve already provided billions of dollars in funding to help keep hundreds... |
| 00:14:389 sec. |
Obama, Barack - President
Congress still is in a position to do the right thing. They can keep more teachers in the classroom, but you’ve got to keep the pressure up on them... |
| 00:14:4737 sec. |
Obama, Barack - President
The second area where we have to bring greater focus is higher education. The jobs of the future are increasingly going to those with more than a high... |
| 00:15:2439 sec. |
Obama, Barack - President
We all want Americans getting those jobs of the future. So we’re going to have to make sure that they’re getting the education that they need.... |
| 00:16:0333 sec. |
Obama, Barack - President
Now, for students that are ready for college, we've got to make sure that college is affordable. Today, graduates who take out loans leave college... |
| 00:16:3642 sec. |
Obama, Barack - President
So this is a major problem that must be fixed. I addressed it at the State of the Union. We have a role to play here. My grandfather got a chance... |
| 00:17:1822 sec. |
Obama, Barack - President
So my administration has tried to do our part by making sure that the student loan program puts students before banks, by increasing aid like the Pell... |
| 00:17:4026 sec. |
Obama, Barack - President
Congress still needs to do its part by, first of all, keeping student interest rates low. Right now, they are scheduled to double at the end of July... |
| 00:18:0628 sec. |
Obama, Barack - President
But it's not enough to just focus on student aid. We can't just keep on, at the federal level, subsidizing skyrocketing tuition. If tuition is going... |
| 00:18:3432 sec. |
Obama, Barack - President
That means colleges and universities are going to have to help to make their tuition more affordable. And I’ve put them on notice -- if they are... |
| 00:19:0620 sec. |
Obama, Barack - President
Over two-thirds of students attend public colleges and universities where, traditionally, tuition has been affordable because of state investments.... |
| 00:19:2621 sec. |
Obama, Barack - President
But more than 40 states have cut funding for higher education over the past year. And this is just the peak of what has been a long-term trend in reduced... |
| 00:19:4712 sec. |
Obama, Barack - President
So my administration can do more, Congress can do more, colleges have to do more. But unless all of you also do more, this problem will not get solved.... |
| 00:19:598 sec. |
Obama, Barack - President
Jack O’Malley -- where’s Jack -- Martin. Where’s Martin? Sorry. I was -- |
| 00:20:072 sec. |
GOVERNOR O'MALLEY, -
I thought my son was right here. (Laughter.) |
| 00:20:091 sec. |
Obama, Barack - President
Right, right, right. |
| 00:20:1022 sec. |
Obama, Barack - President
Martin in Maryland is doing some outstanding work on this front. He worked with the legislature to keep tuition down by controlling costs and cutting... |
| 00:20:3221 sec. |
Obama, Barack - President
We can’t allow higher education to be a luxury in this country. It’s an economic imperative that every family in America has to be able to afford.... |
| 00:20:5325 sec. |
Obama, Barack - President
So let me wrap up by saying a few weeks ago I held, right here in this room and in the adjoining room, one of my favorite events and that is the White... |
| 00:21:1828 sec. |
Obama, Barack - President
We had a group of kids from Texas, young Latino women, who came from the poorest section of Texas and yet were winning rocket competitions. And they... |
| 00:21:4637 sec. |
Obama, Barack - President
You had a young woman who was from Long Island, had been studying mussels and wanted to be an oceanographer, and won the Intel Science Award while she... |
| 00:22:2341 sec. |
Obama, Barack - President
There was a kid -- the kid who actually got the most attention was a young man named Joey Hudy of Arizona. That’s because Joey let me fire off a... |
| 00:23:0415 sec. |
Obama, Barack - President
Under his name on each card was a simple motto: “Don’t be bored, do something.” Don’t be bored, do something. Don’t be bored, make something. |
| 00:23:1925 sec. |
Obama, Barack - President
All across this country there are kids like Joey who are dreaming big, and are doing things and making things. And we want them to reach those heights.... |
| 00:23:4414 sec. |
Obama, Barack - President
So this is going to be something that I want to collaborate with all of you on. If you’ve got ideas about how we can make our education system work... |
| 00:23:581 sec. |
Obama, Barack - President
Thank you very much, everybody. (Applause.) |