| 00:00:446 sec. |
Obama, Michelle - First Lady
I decided to bring someone out with me. You may know this guy. (Applause.) |
| 00:00:5024 sec. |
Obama, Michelle - First Lady
I want to start by thanking Amanda for that very kind introduction. We are so proud of her. And we are so grateful for her service. So let's give... |
| 00:01:145 sec. |
Obama, Michelle - First Lady
Well, you guys, this looks amazing. You all sound really fired up. (Applause.) |
| 00:01:193 sec. |
Obama, Barack - President
Fired up! |
| 00:01:223 sec. |
Obama, Michelle - First Lady
And you definitely sound ready to go. (Applause.) |
| 00:01:253 sec. |
Obama, Barack - President
Ready to go! |
| 00:01:284 sec. |
Obama, Michelle - First Lady
And let me tell you, I'm glad to hear it because -- |
| 00:01:321 sec. |
AUDIENCE MEMBER, -
Four more years! |
| 00:01:334 sec. |
Obama, Michelle - First Lady
Yes, indeed, with your help! (Applause.) With your help. |
| 00:01:3720 sec. |
Obama, Michelle - First Lady
Let me just say this. I shared this with the folks earlier today, but being back in the great state of Iowa -- (applause) -- yes, indeed! (Applause.)... |
| 00:01:5739 sec. |
Obama, Michelle - First Lady
Our family has so many great memories of our time here in Iowa. As I mentioned earlier, I remember when we went to Pella, and an entire neighborhood... |
| 00:02:3627 sec. |
Obama, Michelle - First Lady
And our girls still talk about our visit to the State Fair. That was like I think the first big State Fair we ever went to. (Applause.) And it was... |
| 00:03:0334 sec. |
Obama, Michelle - First Lady
And, that is where, yes, we experienced our very first fried Twinkie on a stick. (Applause.) It was here. And it was also pretty funny because he... |
| 00:03:3712 sec. |
Obama, Michelle - First Lady
We essentially shut the State Fair down. So we had a great time. And I'll have to say that I'm a little bit jealous that Barack got to go to the State... |
| 00:03:491 sec. |
AUDIENCE, -
Awww -- |
| 00:03:501 sec. |
Obama, Michelle - First Lady
Oh, it's so sad. |
| 00:03:513 sec. |
Obama, Barack - President
It was good. (Laughter.) |
| 00:03:5447 sec. |
Obama, Michelle - First Lady
So today I want to start by saying thank you, truly, thank you. I want to thank everybody in the state for the kindness and generosity and love that... |
| 00:04:4134 sec. |
Obama, Michelle - First Lady
More importantly, because of all of you, Barack and I will always remember what this process can be at its very best. Truly, every election, the folks... |
| 00:05:1520 sec. |
Obama, Michelle - First Lady
And I will never forget my very first visit here back in 2007, and I remember it well because we were in the backyard of someone's home. It was just... |
| 00:05:3538 sec. |
Obama, Michelle - First Lady
So I didn’t know how it would be. But the folks in that backyard welcomed me like I was an old friend. And within minutes I was so comfortable that... |
| 00:06:1343 sec. |
Obama, Michelle - First Lady
And the more we talked, the more I felt at home -- because in their stories, I saw my story. I saw Barack’s story. And you all know my story. My... |
| 00:06:5633 sec. |
Obama, Michelle - First Lady
And like Barack, pretty much all of our college tuition came from student loans and grants. Yes, we can relate to how a lot of folks go to college.... |
| 00:07:2929 sec. |
Obama, Michelle - First Lady
And really, more than anything else, that’s what I try to remind people when I go out and campaign -- that’s what's at stake in this election. ... |
| 00:07:5819 sec. |
Obama, Michelle - First Lady
And whether it's equal pay for women or health care for our families, whether it's supporting our veterans or saving our auto industry, that is what... |
| 00:08:1727 sec. |
Obama, Michelle - First Lady
And let me just share something with you -- because over the last three and a half years, as First Lady, I have had the chance to see up close and personal... |
| 00:08:4428 sec. |
Obama, Michelle - First Lady
And I have seen that as President, you are going to get all kinds of advice and guidance from all kinds of people. But at the end of the day, when... |
| 00:09:1239 sec. |
Obama, Michelle - First Lady
And we all know who my husband is, don’t we? (Applause.) And we all know what he stands for. And I remind people, your President is the son of... |
| 00:09:5123 sec. |
Obama, Michelle - First Lady
So I remind people that Barack knows what it means when a family struggles. And he knows what it means to want something better for your kids and your... |
| 00:10:1443 sec. |
Obama, Michelle - First Lady
And that is also what I think about when I kiss our girls goodnight. I think about the world I want to leave for them and for all our sons and daughters.... |
| 00:10:5738 sec. |
Obama, Michelle - First Lady
So I know that we cannot turn back now -- not now. We have come so far, but we have so much more to do. And if we keep on moving forward, then we... |
| 00:11:352 sec. |
AUDIENCE, -
Four more years! Four more years! |
| 00:11:3720 sec. |
Obama, Barack - President
Thank you! (Applause.) Hello, Davenport! (Applause.) It is good to be back in the Quads. (Applause.) I see a lot of familiar faces, a lot of good... |
| 00:11:5722 sec. |
Obama, Barack - President
First of all, let me just say that I, too, could not be prouder of Amanda Irish -- her service to this country, everything that she’s done. She wants... |
| 00:12:1915 sec. |
Obama, Barack - President
Your Mayor and a great friend of mine for a long, long time, Bill Gluba is here. (Applause.) |
| 00:12:341 min. |
Obama, Barack - President
There is another friend of mine who’s here that isn’t going to come up on stage, but I want to make a special mention to him. He’s from the other... |
| 00:14:1148 sec. |
Obama, Barack - President
And finally, let me say something about my wife. I don’t usually like to follow her speaking -- (laughter) -- because, let’s face it, on the charisma... |
| 00:14:5959 sec. |
Obama, Barack - President
But I’ve called her the “rock” of our family. That may sell it short. I don’t know anybody who is more honest, who is stronger, who knows... |
| 00:15:5831 sec. |
Obama, Barack - President
Now, as Michelle mentioned, this is our third day in Iowa. I started out in Council Bluffs and we drove here, all the way to the Quads -- west to east.... |
| 00:16:2925 sec. |
Obama, Barack - President
But we met farmers who have been hurt badly by the drought, and talked to them about the importance of Congress getting its act together and passing... |
| 00:16:5449 sec. |
Obama, Barack - President
We met folks who have helped Iowa become a leader in wind energy -- (applause) -- and talked about how we need to keep investing in clean, renewable... |
| 00:17:4336 sec. |
Obama, Barack - President
And everywhere I went, I was reminded -- because I'd see folks who I hadn't seen in a couple of years; friends, neighbors, hit spots we had gone to... |
| 00:18:1943 sec. |
Obama, Barack - President
We've got a lot more work to do. We've got unfinished business to attend to. I've come here to ask you to stand with me and help me finish the job.... |
| 00:19:0210 sec. |
Obama, Barack - President
Three months -- less than three months from now, less than three months -- not that I'm counting -- (laughter) -- you will face a choice. And that... |
| 00:19:122 sec. |
AUDIENCE MEMBER, -
Four more years! |
| 00:19:1425 sec. |
Obama, Barack - President
It's a choice that you face this November that is not just about two candidates or two political parties -- it's a choice between two fundamentally... |
| 00:19:3956 sec. |
Obama, Barack - President
When we came together in 2007-2008 -- Democrats, independents and, yes, some Republicans -- we came together to restore that basic bargain that built... |
| 00:20:3524 sec. |
Obama, Barack - President
We had seen a decade where jobs were being shipped overseas, and where wages and incomes were going down except for a few at the very top, even while... |
| 00:20:5929 sec. |
Obama, Barack - President
So we knew that restoring that basic American idea that if you work hard you can get ahead, that it wouldn’t be easy; that it was going to take more... |
| 00:21:2835 sec. |
Obama, Barack - President
And I told you in -- four years ago, I said, don’t look for quick fixes; we didn’t get into this overnight, we're not going to solve it overnight.... |
| 00:22:0339 sec. |
Obama, Barack - President
We're a young nation, and we've got the greatest diversity of talent and ingenuity. People want to come here from every corner of the globe. No matter... |
| 00:22:4238 sec. |
Obama, Barack - President
Every day, I've woken up thinking about you. That’s what we thought about when we put in place the Recovery Act to help make sure that everybody... |
| 00:23:2028 sec. |
Obama, Barack - President
But we've got a long way to go. We've got more work to do. We know that. And the big challenge we have right now is not a lack of big ideas, it's... |
| 00:23:4837 sec. |
Obama, Barack - President
One is to get rid of regulations that we put in place to make sure that we don't have another tax-funded bailout -- taxpayer-funded bailout when the... |
| 00:24:2518 sec. |
Obama, Barack - President
Governor Romney's big idea is a $5 trillion tax cut, on top of the Bush tax cuts -- a lot of which would be going to the wealthiest Americans who've... |
| 00:24:431 sec. |
AUDIENCE, -
Booo -- |
| 00:24:442 sec. |
AUDIENCE MEMBER, -
Romney Hood! |
| 00:24:467 sec. |
Obama, Barack - President
And here's the kicker: He's expecting you to pay for it. |
| 00:24:532 sec. |
AUDIENCE, -
No! |
| 00:24:5528 sec. |
Obama, Barack - President
Because $5 trillion is a lot of money. That's 10 times our defense budget, so that would be the equivalent of our defense budget in tax cuts every... |
| 00:25:2315 sec. |
Obama, Barack - President
And they're asking you to pay more in your taxes not to reduce the deficit, or grow jobs, or invest in education, but to give another $250,000 tax cut... |
| 00:25:383 sec. |
AUDIENCE, -
Booo -- |
| 00:25:4134 sec. |
Obama, Barack - President
Now, his allies in Congress have the same view. You heard that he announced Congressman Ryan as his running mate -- and look, Congressman Ryan, I know... |
| 00:26:1535 sec. |
Obama, Barack - President
They have tried to sell us this top-down, trickle-down economics before. (Laughter.) We just tried it right before I took office. And guess what,... |
| 00:26:5011 sec. |
Obama, Barack - President
I'll give you an example. Lately, they’ve been talking about Medicare. Now, keep in mind these are -- both Governor Romney and Congressman Ryan... |
| 00:27:014 sec. |
AUDIENCE, -
Booo -- |
| 00:27:0528 sec. |
Obama, Barack - President
Here's what I've done. I’ve strengthened Medicare. I've made reforms that save millions of seniors with Medicare hundreds of dollars on their prescription... |
| 00:27:3316 sec. |
Obama, Barack - President
And Governor Romney and his running mate have a different plan. They want to turn Medicare into a voucher system. That means seniors would no longer... |
| 00:27:491 sec. |
AUDIENCE, -
Booo -- |
| 00:27:508 sec. |
Obama, Barack - President
It was estimated that Governor Romney's running mate, his original plan would force seniors to pay an extra $6,400 a year. |
| 00:27:582 sec. |
AUDIENCE, -
Booo -- |
| 00:28:0019 sec. |
Obama, Barack - President
My plan has extended Medicare by nearly a decade. Their plan ends Medicare as we know it. My plan reduces the cost of Medicare by cracking down on... |
| 00:28:1917 sec. |
Obama, Barack - President
That’s an example of the difference between our two philosophies. That’s the choice in this election. And that is why I’m running for a second... |
| 00:28:3613 sec. |
AUDIENCE, -
Four more years! Four more years! Four more years! |
| 00:28:4921 sec. |
Obama, Barack - President
You know, when it comes to taxes, four years ago I promised to cut middle-class taxes -- I did it. If anybody tells you democrats are all big tax-and-spend,... |
| 00:29:1024 sec. |
Obama, Barack - President
So now, I want to keep taxes right where they are for the first $250,000 of everybody’s income. (Applause.) If your family makes under $250,000... |
| 00:29:3426 sec. |
Obama, Barack - President
Now, if you’re fortunate enough to be in the other 2 percent you will still keep the tax cut on the first $250,000 you make. But if you're making... |
| 00:30:0016 sec. |
Obama, Barack - President
That won't solve the whole deficit problem. We've still got to make some smart cuts. I've already cut a trillion dollars of spending -- we can do... |
| 00:30:161 sec. |
AUDIENCE, -
No! |
| 00:30:171 sec. |
Obama, Barack - President
-- not just on the backs of the poor. |
| 00:30:1845 sec. |
Obama, Barack - President
So what I said is, look, I know folks like me are in a position to do a little bit more, go back to the rates we paid under Bill Clinton -- a time when... |
| 00:31:031 sec. |
AUDIENCE, -
Spend it! |
| 00:31:0416 sec. |
Obama, Barack - President
You spend it. Because times are tough. You maybe haven't bought a new car in 10 years. Maybe you've got an old broken appliance that’s just been... |
| 00:31:2017 sec. |
Obama, Barack - President
So you go out, and now businesses have more customers. And when businesses have more customers, they make more profit. And when they make more profit,... |
| 00:31:3735 sec. |
Obama, Barack - President
See, when you look at the history of this country, we didn’t grow through top-down economics, we grew through middle class-out economics. We grew... |
| 00:32:1222 sec. |
Obama, Barack - President
So on almost every issue, you're going to have a choice. When the auto industry was on the brink of collapse, Governor Romney said let's "let Detroit... |
| 00:32:3419 sec. |
Obama, Barack - President
So now I want to make sure American manufacturing is taking root here. Let's change this tax code once and for all -- stop giving tax breaks to companies... |
| 00:32:5321 sec. |
Obama, Barack - President
Governor Romney wants to keep those tax breaks. He likes to talk about his private sector experience, but a lot of it was investing in companies that... |
| 00:33:1441 sec. |
Obama, Barack - President
I want to make sure we've got the best education system in the world. (Applause.) I want to make sure that local school districts can hire more teachers,... |
| 00:33:555 sec. |
Obama, Barack - President
Governor Romney wants to end the tax credits for wind energy. |
| 00:34:002 sec. |
AUDIENCE, -
Booo -- |
| 00:34:0218 sec. |
Obama, Barack - President
Wind energy creates 7,000 jobs in Iowa -- 7,000 jobs. Governor Romney said these new sources of energy are "imaginary." Congressman Ryan said they're... |
| 00:34:2025 sec. |
Obama, Barack - President
We should stop giving $4 billion a year in taxpayer subsidies to the big oil companies that are already making money, and help create homegrown sources... |
| 00:34:4540 sec. |
Obama, Barack - President
In 2008, I said I'd end the war in Iraq -- and I did. (Applause.) I said we would refocus attention on al Qaeda and bin Laden -- and we did. (Applause.)... |
| 00:35:2533 sec. |
Obama, Barack - President
But part of that is also taking some of the savings after a decade of war and using them to put folks back to work doing some nation-building here at... |
| 00:35:5811 sec. |
Obama, Barack - President
And let me just tell you one more choice -- Governor Romney said one of the first things he's going to do on day one is he's going to kill Obamacare. |
| 00:36:092 sec. |
AUDIENCE, -
Booo -- |
| 00:36:1145 sec. |
Obama, Barack - President
Now, I've got to say, I've grown kind of fond of the term Obamacare. (Applause.) Because I do care. (Applause.) I care about all the families in... |
| 00:36:5626 sec. |
Obama, Barack - President
So maybe Governor Romney wants to have another three years' worth of argument about health care. I want to move forward. The Supreme Court has spoken.... |
| 00:37:2227 sec. |
Obama, Barack - President
So on all these issues -- whether it's health care security, making sure Medicare is there for future generations, making sure that we're rebuilding... |
| 00:37:4926 sec. |
Obama, Barack - President
And now, we want to make sure the next generation has it. And I know you guys feel the same way because you've got that same story. Your parents,... |
| 00:38:1534 sec. |
Obama, Barack - President
And you know, over the next three months the other side will spend more money than we have ever seen on ads telling you one thing -- that the economy... |
| 00:38:4934 sec. |
Obama, Barack - President
And so I tell you what, we've come too far to turn back now. (Applause.) We've got too many jobs we've got to create. We've got too many teachers... |
| 00:39:2326 sec. |
Obama, Barack - President
So if you're willing to work with me one more time, and stand with me one more time, and knock on some doors one more time, and make some phone calls... |
| 00:39:499 min. |
Obama, Barack - President
God bless you, and God bless the United States of America. |