SHARE
TRANSCRIPT
| TIME | SPEAKER | TEXT |
|---|---|---|
| 00:00:32 |
|
Thank you. Thank you very much. Thank you. Please, everybody be seated. Thank you. Thank you,... |
| 00:01:20 |
|
I very much am appreciative of not only the tone of your introduction, John, but also the invitation... |
| 00:01:38 |
|
Part of the reason I accepted your invitation to come here was because I wanted to speak with all... |
| 00:02:10 |
|
I've said this before, but I'm a big believer not just in the value of a loyal opposition, but in... |
| 00:02:51 |
|
So, yes, I want you to challenge my ideas, and I guarantee you that after reading this I may challenge... |
| 00:03:43 |
|
And I'm not a pundit. I'm just a President, so take it for what it's worth. But I don't believe... |
| 00:04:32 |
|
And I think your constituents would want to know that despite the fact it doesn't get a lot of attention,... |
| 00:05:19 |
|
So it may be useful for the international audience right now to understand -- and certainly for our... |
| 00:05:52 |
|
It's that same spirit of bipartisanship that made it possible for me to sign a defense contracting... |
| 00:06:17 |
|
Some of you also joined Democrats in supporting a Credit Card Bill of Rights and in extending unemployment... |
| 00:06:40 |
|
So we have a track record of working together. It is possible. But, as John, you mentioned, on some... |
| 00:07:40 |
|
There was an interesting headline in CNN today: "Americans disapprove of stimulus, but like every... |
| 00:08:03 |
|
Well, that's what the Recovery Act was. And let's face it, some of you have been at the ribbon-cuttings... |
| 00:08:38 |
|
Now, I am happy to report this morning that we saw another sign that our economy is moving in the... |
| 00:09:03 |
|
So you've seen a 12 percent reversal during the course of this year. This turnaround is the biggest... |
| 00:09:21 |
|
And by the way, you mentioned a Web site out here, John -- if you want to look at what's going on,... |
| 00:09:32 |
|
Now, here's the point. These are serious times, and what's required by all of us -- Democrats and... |
| 00:10:19 |
|
But no matter what's happened in the past, the important thing for all of us is to move forward together.... |
| 00:10:58 |
|
So, today, in line with what I stated at the State of the Union, I've proposed a new jobs tax credit... |
| 00:11:38 |
|
So I hope you join me. Let's get this done. I want to eliminate the capital gains tax for small... |
| 00:12:10 |
|
I've proposed a modest fee on the nation's largest banks and financial institutions to fully recover... |
| 00:12:39 |
|
I propose that we close tax loopholes that reward companies for shipping American jobs overseas, and... |
| 00:12:54 |
|
We know that we've got a major fiscal challenge in reining in deficits that have been growing for... |
| 00:13:22 |
|
At this point, we know that the budget surpluses of the '90s occurred in part because of the pay-as-you-go... |
| 00:13:45 |
|
But the idea of a bipartisan fiscal commission to confront the deficits in the long term died in the... |
| 00:14:27 |
|
And as I said in the State of the Union speech, there's not just a deficit of dollars in Washington,... |
| 00:14:59 |
|
I know how bitter and contentious the issue of health insurance reform has become. And I will eagerly... |
| 00:15:54 |
|
I mean, to be fair, the status quo is working for the insurance industry, but it's not working for... |
| 00:16:07 |
|
This is a big problem, and all of us are called on to solve it. And that's why, from the start, I... |
| 00:16:30 |
|
Creating a high-risk pool for uninsured folks with preexisting conditions, that wasn't my idea, it... |
| 00:17:10 |
|
A number of you have suggested creating pools where self-employed and small businesses could buy insurance.... |
| 00:17:50 |
|
Bipartisanship -- not for its own sake but to solve problems -- that's what our constituents, the... |
| 00:18:18 |
|
Let me close by saying this. I was not elected by Democrats or Republicans, but by the American people.... |
| 00:19:08 |
|
So I am optimistic. I know many of you individually. And the irony, I think, of our political climate... |
| 00:19:44 |
|
So thank you very much. Thank you, John. (Applause.) Now I'd like to open it up for questions. |
| 00:19:56 |
|
The President has agreed to take questions and members would be encouraged to raise your hand while... |
| 00:20:14 |
|
Mr. President, welcome back to the House Republican Conference. |
| 00:20:16 |
|
Thank you. |
| 00:20:16 |
|
[Off microphone.] We are pleased to have you return. (Inaudible) a year ago -- House Republicans... |
| 00:20:38 |
|
I appreciate that. |
| 00:20:40 |
|
[off microphone] Number two, our pledge to you, Mr. President, was that door is always open. And... |
| 00:20:59 |
|
Mr. President, several of us in this conference yesterday on the way into Baltimore stopped by the... |
| 00:21:30 |
|
But I had a conversation with little David, Jr. and David, Sr. His family has been struggling with... |
| 00:21:36 |
|
[On microphone.] His dad said words to me, Mr. President, that I'll never forget. About my age and... |
| 00:21:54 |
|
Now, last year about the time you met with us, unemployment was 7.5 percent in this country. Your... |
| 00:22:36 |
|
Now, Republicans offered a stimulus bill at the same time. It cost half as much as the Democratic... |
| 00:22:58 |
|
Now we know you've come to Baltimore today and you've raised this tax credit, which was last promoted... |
| 00:23:41 |
|
Well, there was a lot packed into that question. (Laughter.) First of all, let me say I already... |
| 00:23:58 |
|
Thank you. |
| 00:24:03 |
|
But let's talk about just the jobs environment generally. You're absolutely right that when I was... |
| 00:31:39 |
|
Mr. President, will you consider supporting across-the-board tax relief, as President Kennedy did? |
| 00:31:46 |
|
Here's what I'm going to do, Mike. What I'm going to do is I'm going to take a look at what you guys... |
| 00:33:12 |
|
Thank you. Mr. President, first off, thanks for agreeing to accept our invitation here. It is a... |
| 00:33:20 |
|
Good to see you. Is this your crew right here, by the way? |
| 00:33:22 |
|
It is. This is my daughter Liza, my son Charlie and Sam, and this is my wife Janna. |
| 00:33:26 |
|
Hey, guys. |
| 00:33:30 |
|
Say hi, everybody. (Laughter.) I serve as a ranking member of the budget committee, so I'm going... |
| 00:34:32 |
|
Let me respond to the two specific questions, but I want to just push back a little bit on the underlying... |
| 00:38:20 |
|
I'd like to walk you through that, because we have a version we think is constitutional. |
| 00:38:24 |
|
Let me take a look at it. |
| 00:38:25 |
|
I would simply say that automatic stabilizer spending is mandatory spending. The discretionary spending,... |
| 00:38:36 |
|
We'll have a longer debate on the budget numbers, all right? |
| 00:38:43 |
|
Shelley Moore Capito, West Virginia. |
| 00:38:49 |
|
Thank you, Mr. President, for joining us here today. As you said in the State of the Union address... |
| 00:39:36 |
|
Look, I listen all the time, including to your governor, who's somebody who I enjoyed working with... |
| 00:43:07 |
|
Jason Chaffetz, Utah. |
| 00:43:16 |
|
Thank you, Mr. President. It's truly an honor. |
| 00:43:18 |
|
Great to be here. |
| 00:43:20 |
|
And I appreciate you being here. I'm one of 22 House freshmen. We didn't create this mess,... |
| 00:44:40 |
|
Well, how about -- |
| 00:44:42 |
|
-- I would certainly appreciate it. |
| 00:44:43 |
|
That was a long list, so -- (laughter) -- let me respond. Look, the truth of the matter is that... |
| 00:49:06 |
|
Marsha Blackburn, Tennessee. |
| 00:49:14 |
|
Thank you, Mr. President, and thank you for acknowledging that we have ideas on health care because,... |
| 00:51:56 |
|
Actually, I've gotten many of your ideas. I've taken a look at them, even before I was handed this.... |
| 00:58:48 |
|
Dr. Tom Price from Georgia, and then we'll have one more after that if your time permits, Mr. President. |
| 00:58:53 |
|
You know, I'm having fun. (Laughter.) |
| 00:58:55 |
|
Okay. |
| 00:58:56 |
|
This is great. (Applause.) |
| 00:58:58 |
|
So are we. |
| 00:59:04 |
|
Mr. President, thank you. I want to stick on the general topic of health care, but ask a very specific... |
| 00:59:22 |
|
I don't think I said that. What I said was, within the context of health care -- I remember that... |
| 00:59:40 |
|
Mr. President, multiple times, from your administration, there have come statements that Republicans... |
| 01:00:47 |
|
Tom, look, I have to say that on the -- let's just take the health care debate. And it's probably... |
| 01:01:28 |
|
Mr. President, can I -- and I understand that we're not interested in debating this bill, but what... |
| 01:01:41 |
|
Let me -- I'm using this as a specific example, so let me answer your question. You asked a question;... |
| 01:05:11 |
|
Mr. President, a point of clarification, what's in the Better Solutions book are all the legislative... |
| 01:05:17 |
|
I understand that. I've actually read your bills. |
| 01:05:19 |
|
-- throughout 2009. |
| 01:05:21 |
|
I understand. |
| 01:05:23 |
|
And so, rest assured the summary document you received is backed up by precisely the kind of detailed... |
| 01:05:32 |
|
Well, Mike -- well, hold on, hold on a second. No, no, no, no. Hold on a second, guys. (Applause.) You... |
| 01:07:58 |
|
Thank you, Mr. President. Peter Roskam from the great state of Illinois. |
| 01:08:02 |
|
Oh, Peter is an old friend of mine. |
| 01:08:03 |
|
Hey, Mr. President. |
| 01:08:04 |
|
Peter and I have had many debates. |
| 01:08:06 |
|
Well, this won't be one. Mr. President, I heard echoes today of the state senator that I served with... |
| 01:08:28 |
|
Sure. We worked on it together. |
| 01:08:28 |
|
-- negotiated on. You took on ethics reform. You took on some big things. One of the keys was you... |
| 01:10:17 |
|
Well, first of all, Peter and I did work together effectively on a whole host of issues. One of our... |
| 01:11:32 |
|
(Inaudible.) (Laughter.) |
| 01:11:36 |
|
And by the way, in case he's going to get a Republican challenge, I didn't mean it. (Laughter.) ... |
| 01:14:42 |
|
Jeb Hensarling, Texas. And that will be it, Mr. President. |
| 01:14:46 |
|
Jim [sic] is going to wrap things up? |
| 01:14:47 |
|
Yes, sir. |
| 01:14:48 |
|
All right. |
| 01:14:51 |
|
Jeb, Mr. President. |
| 01:14:52 |
|
How are you? |
| 01:14:53 |
|
I'm doing well. Mr. President, a year ago I had an opportunity to speak to you about the national... |
| 01:15:05 |
|
Absolutely. |
| 01:15:06 |
|
And I left that conversation really feeling your sincere commitment to ensuring that our children,... |
| 01:17:12 |
|
Jeb, I know there's a question in there somewhere, because you're making a whole bunch of assertions,... |
| 01:17:21 |
|
That's the question. You are soon to submit a new budget, Mr. President. Will that new budget, like... |
| 01:17:36 |
|
Jeb, with all due respect, I've just got to take this last question as an example of how it's very... |
| 01:21:18 |
|
No. |
| 01:21:19 |
|
No? |
| 01:21:20 |
|
People 55 and above -- |
| 01:21:21 |
|
Fifty-five and -- well, no, I understand. I mean, there's a grandfathering in, but just for future... |
| 01:21:51 |
|
We drew it as a blend of inflation and health inflation, the point of our plan is -- because Medicare,... |
| 01:22:13 |
|
No, I understand. Right, right. Well, look, as I said before, this is an entirely legitimate proposal.... |
| 01:26:11 |
|
Take one more? |
| 01:26:13 |
|
You know, I've already gone over time. But I'll be happy to take your question, Congressman, offline.... |