Text Timeline
  • Text Timeline
  • Graphical Timeline
00:00:4118 sec.
Obama, Barack - President

Hello, Cedar Rapids! (Applause.) Oh, it is good to be back. (Applause.) Love Cedar Rapids!

00:00:5952 sec.
Obama, Barack - President

All right, a couple of people I want to acknowledge. First of all, please give Jason and his wife Ali a big round of applause. (Applause.) They are...

00:01:515 sec.
Obama, Barack - President

I want to acknowledge Mick Starverich --

00:01:561 sec.
AUDIENCE, -

Starcevich.

00:01:571 sec.
Obama, Barack - President

Starverich.

00:01:584 sec.
AUDIENCE, -

Starcevich.

00:02:0217 sec.
Obama, Barack - President

Starcevich. (Applause.) I call him Mick. (Laughter.) And he is the President of Kirkwood and our host today. Thank you so much. (Applause.)

00:02:1926 sec.
Obama, Barack - President

I want to acknowledge our outstanding MC, Peggy Whitworth. (Applause.) Great friend. Great friend of mine. And one of my dearest friends here in...

00:02:4514 sec.
Obama, Barack - President

Now, if you guys have a seat, feel free to take a seat. That way, if it gets a little warm, I don't want anybody getting overheated. You guys are...

00:02:5928 sec.
Obama, Barack - President

And Abraham Lincoln is in the house! (Applause.) My homeboy from Illinois -- (laughter) -- and an outstanding Republican endorsee. (Laughter and applause.)...

00:03:2746 sec.
Obama, Barack - President

Now, unless you’ve managed to hide your television somewhere for the last year, you may be aware that it is now campaign season. (Laughter.) And...

00:04:1330 sec.
Obama, Barack - President

So I know that sometimes it can be tempting to lose interest and to lose heart and to get a little cynical. And frankly, that's what a lot of people...

00:04:4327 sec.
Obama, Barack - President

Most of you are here because you know that even though sometimes our politics seems real small and petty, the stakes in this election could not be bigger....

00:05:1010 sec.
Obama, Barack - President

And, Cedar Rapids, the choice that we make that will help determine our direction for years to come -- that choice is going to be up to you.

00:05:202 sec.
AUDIENCE, -

Obama! (Applause.)

00:05:2210 sec.
Obama, Barack - President

That’s a good choice. (Applause.)

00:05:3250 sec.
Obama, Barack - President

This will be my last political campaign, no matter what. I’ve got nothing else to run for. (Laughter.) But it’s got -- and because of that, you...

00:06:2240 sec.
Obama, Barack - President

And what’s amazing, though, when I think about it was how many people you’d meet from every walk of life all across Illinois in big cities, small...

00:07:0214 sec.
Obama, Barack - President

And then when I came to Iowa for the presidential campaign -- first stop, Cedar Rapids -- (applause) -- first stop.

00:07:162 sec.
AUDIENCE, -

We love you!

00:07:182 sec.
Obama, Barack - President

I love you back. (Applause.)

00:07:2035 sec.
Obama, Barack - President

And the first stop was Cedar Rapids. And then we went on to Waterloo. That was the first time I had campaigned as President, and I was kind of nervous....

00:07:5542 sec.
Obama, Barack - President

And no matter what the national media was saying, no matter how far down we were in the polls, we’d come here and Michelle and I we’d feel hopeful,...

00:08:3722 sec.
Obama, Barack - President

I thought about my grandparents whose service in World War II was rewarded -- when my grandfather came back from the war and my grandmother worked on...

00:08:5932 sec.
Obama, Barack - President

I had a single mom who, with the help of my grandparents, was able to send my sister and me to great schools, even though she didn’t make a lot of...

00:09:3135 sec.
Obama, Barack - President

And we thought about how far we had come, and the fact that our lives were a testament to that fundamental American ideal that no matter who you are,...

00:10:061 min.
Obama, Barack - President

And that same story -- my family story, Michelle’s family story -- I heard it from you guys. It was your story. And we understood. And we’d sit...

00:11:1738 sec.
Obama, Barack - President

I was telling folks in Ohio the other day, I remember my favorite vacation when I was 11 years old, traveling the country with my grandmother and my...

00:11:5534 sec.
Obama, Barack - President

And what was important was just the time that you had to spend with your family. It wasn’t anything fancy, but you understood that you could spend...

00:12:2937 sec.
Obama, Barack - President

And so those shared memories, those shared stories -- that was the basis of our campaign when I ran for President. That's why I talked about the first...

00:13:0634 sec.
Obama, Barack - President

And we understood that turning that around was not going to be easy. We knew it would take more than one year or one term or maybe even one President....

00:13:4042 sec.
Obama, Barack - President

But the basic idea of why I ran in 2008, the reason you're here today, is because that crisis did not change who we are. It did not change our character....

00:14:2229 sec.
Obama, Barack - President

Our mission right now is not just to recover from a recession. It's to reclaim the basic security that so many Americans have lost. Our goal is to...

00:14:5145 sec.
Obama, Barack - President

That’s what this campaign is about, Iowa. That’s what I've been fighting for, for the last three and a half years. And that's why I’m running...

00:15:3630 sec.
Obama, Barack - President

Now, you know what’s holding us back from meeting this challenge is not a lack of ideas or a lack of solutions. What's holding us back from making...

00:16:0616 sec.
Obama, Barack - President

This election will determine our economic future for the next generation. And, frankly, the choice could not be clearer. My opponent, his allies in...

00:16:222 sec.
AUDIENCE, -

No!

00:16:2410 sec.
Obama, Barack - President

They believe that if we spend trillions of dollars more on tax cuts -- mostly for the wealthy -- that it will somehow create more jobs, even if we have...

00:16:344 sec.
AUDIENCE, -

No!

00:16:389 sec.
Obama, Barack - President

-- raising middle-class taxes.

00:16:471 sec.
AUDIENCE, -

No!

00:16:4815 sec.
Obama, Barack - President

They believe that if we roll back regulations that we put in place on banks and insurance companies and oil companies, all meant to protect our people...

00:17:032 sec.
AUDIENCE, -

No!

00:17:059 sec.
Obama, Barack - President

And I think they're wrong. I think they're wrong. (Applause.)

00:17:1415 sec.
Obama, Barack - President

And listen, listen, it’s not just my opinion. We tried it their way through most of the last decade, and it didn't work. (Applause.)

00:17:2936 sec.
Obama, Barack - President

We fought two wars on a credit card; still paying for trillions of dollars in tax cuts that didn't lead to more jobs or better wages for the middle...

00:18:0523 sec.
Obama, Barack - President

What we need is somebody who's going to fight every single day to grow the middle class -- (applause) -- because that's how our economy grows, from...

00:18:2848 sec.
Obama, Barack - President

So I was over at Jason and Ali’s -- and wonderful, wonderful story, really nice family. Jason is the new principal over at Central City High. Ali...

00:19:1633 sec.
Obama, Barack - President

So we were talking about something that nobody looks forward to, and that's paying taxes. Everybody understands it’s something you have to do; you...

00:19:4936 sec.
Obama, Barack - President

And they’ve said that’s made a real difference in their lives. It’s helped them pay their bills; helped them get day care for Cooper. We were...

00:20:2523 sec.
Obama, Barack - President

Now we’ve got a choice to make, because on January 1st, taxes are scheduled to go up on everybody in America. That's what the law says right now...

00:20:4848 sec.
Obama, Barack - President

Yesterday I called on Congress to stop any tax hikes for the 98 percent of Americans who are just like the McLaughlins -- just like you. (Applause.)...

00:21:362 sec.
AUDIENCE MEMBER, -

Like my mom.

00:21:381 sec.
Obama, Barack - President

Like your mom. (Laughter.)

00:21:391 sec.
AUDIENCE MEMBER, -

That's right.

00:21:4013 sec.
Obama, Barack - President

It would be not only a huge blow to those families, it would be a big blow to our entire economy at a time when we need all the help we can get.

00:21:5326 sec.
Obama, Barack - President

Now, I believe that we should make sure that taxes on the 98 percent of Americans don't go up, and then we should let the tax cuts expire for folks...

00:22:1927 sec.
Obama, Barack - President

So anybody making over $250,000 a year, including me, we’d go back to the tax rates that we were paying under Bill Clinton, which, by the way, was...

00:22:4616 sec.
Obama, Barack - President

And by the way, the reason I say that is not because I just love to pay taxes. (Laughter.) It’s because I know I can afford it, and to give me another...

00:23:021 sec.
AUDIENCE, -

No!

00:23:0318 sec.
Obama, Barack - President

-- that would cost about a trillion dollars, and we can’t afford it -- not at a time where we’re trying to bring down our deficit. Not at a time...

00:23:2130 sec.
Obama, Barack - President

So this has nothing to do with me wanting to punish success. We love folks getting rich. I hope Malia and Sascha go out there and if that’s what...

00:23:5125 sec.
Obama, Barack - President

Now, the Republicans in Congress and Mr. Romney disagree with me. And that’s what democracy is all about. They want more tax cuts for the wealthiest...

00:24:1626 sec.
Obama, Barack - President

But in the meantime, doesn’t it make sense for us to agree to keep taxes low for 98 percent of Americans who are working hard and can’t afford a...

00:24:4216 sec.
Obama, Barack - President

I mean, think about it. I want to hold taxes steady for 98 percent of Americans; Republicans say they want to do the same thing. We disagree on the...

00:24:581 sec.
AUDIENCE MEMBER, -

Compromise!

00:24:5916 sec.
Obama, Barack - President

Why don’t you compromise to help the middle class? Go ahead and do the 98 percent, and we can keep arguing about the 2 percent. Let’s agree when...

00:25:1522 sec.
Obama, Barack - President

Let’s not hold the vast majority of Americans hostage while we debate the merits of another tax cut for the other 2 percent. In other words, let’s...

00:25:3730 sec.
Obama, Barack - President

And that’s what this election is about. Ultimately, Cedar Rapids, that’s why I’m running for a second term as President -- because I believe...

00:26:0715 sec.
AUDIENCE, -

Four more years! Four more years! Four more years! Four more years! Four more years!

00:26:2214 sec.
Obama, Barack - President

Now, this tax issue is part of a broader debate we’re going to have about how we rebuild an economy that grows the middle class and gives opportunity...

00:26:3612 sec.
Obama, Barack - President

When the American auto industry was on the brink of collapse and more than one million jobs were on the line, Governor Romney said we should "let Detroit...

00:26:482 sec.
AUDIENCE, -

Booo --

00:26:5026 sec.
Obama, Barack - President

I refused to turn my back on a great American industry and great American workers. (Applause.) I bet on American workers. I bet on American manufacturing....

00:27:1646 sec.
Obama, Barack - President

Because what’s happening in the auto industry can happen in other industries, and I’m running to make sure it does. I want hi-tech manufacturing...

00:28:0235 sec.
Obama, Barack - President

Governor Romney has experience owning companies that were called "pioneers" in the business of outsourcing. My experience has been working with outstanding...

00:28:3746 sec.
Obama, Barack - President

But we can't stop there. I'm running to make sure that America once again leads the world in educating our kids and training our workers. (Applause.)...

00:29:2341 sec.
Obama, Barack - President

I want to help our schools hire and reward the best teachers, especially in math and science. (Applause.) I want to give 2 million more Americans...

00:30:0425 sec.
Obama, Barack - President

My administration has already helped more than a million responsible homeowners refinance their mortgages. Well, I'm running to give more folks like...

00:30:2931 sec.
Obama, Barack - President

I’m running because I believe that nobody in America should go broke just because they get sick. (Applause.) Our health care law was the right thing...

00:31:0037 sec.
Obama, Barack - President

And it will help the vast majority of Americans feel greater security. (Applause.) If you’ve got health insurance, it’s going to be more secure...

00:31:3722 sec.
Obama, Barack - President

We’re not going to refight political battles from two years ago or three years ago. We’re going to move forward, and help every American make sure...

00:31:5931 sec.
Obama, Barack - President

I’m running because after a decade of war, we stopped and ended the war in Iraq, we’re transitioning out of Afghanistan, and now it’s time to...

00:32:3024 sec.
Obama, Barack - President

I know we’ve got some trades here in the house. These guys, they’re ready to work. They’re ready to put a hardhat on. They’re read to rebuild...

00:32:5426 sec.
Obama, Barack - President

And I am running to make sure that we can afford to pay down our debt and our deficits in a way that is responsible. After a decade of irresponsible...

00:33:202 sec.
Obama, Barack - President

AUDIENCE Be sure you help our vets!

00:33:2215 sec.
Obama, Barack - President

And we’re going to help our vets -- we’re doing it. We’ve actually increased veterans funding since I’ve been President higher than any time...

00:33:3721 sec.
Obama, Barack - President

But in order to bring down our debt and our deficits in a responsible way, it means cutting out things we can’t afford. Not every government program...

00:33:5824 sec.
Obama, Barack - President

But what we’ve also got to do is ask the wealthiest Americans who enjoyed the biggest unlike tax cuts over the past decade to just pay a little bit...

00:34:2246 sec.
Obama, Barack - President

All of these things -- whether it’s bringing manufacturing, or getting construction workers back on the job, or protecting your health care, or saving...

00:35:0835 sec.
Obama, Barack - President

We are individuals, and we have to take responsibility and nobody is going to offer you anything, but ultimately there are some things we do together....

00:35:4340 sec.
Obama, Barack - President

So over the next four months, you’ll see the other side spending more money than we’ve ever seen before. And even though there will probably be...

00:36:2334 sec.
Obama, Barack - President

Now, that may be a plan to win an election, but it’s not a plan to create jobs. It sure as heck is not a plan to grow our economy. (Applause.) ...

00:36:5730 sec.
Obama, Barack - President

So let me tell you, we have been outspent before, we’ve been counted out before. But through every one of my campaigns, what’s always given me...

00:37:2740 sec.
Obama, Barack - President

I know that you guys remember the story of your family just like I remember mine -- and all the struggles of our parents and our grandparents and great-grandparents...

00:38:0719 sec.
Obama, Barack - President

And they knew that being middle class wasn’t just about having a certain amount of money in your bank account. It was about the values you cared...

00:38:2621 sec.
Obama, Barack - President

And when we come together and we tap into those values, when we remember what we’re made of and who we are and how we got here, and that we didn't...

00:38:471 sec.
AUDIENCE MEMBER, -

We're not buying it!

00:38:4811 sec.
Obama, Barack - President

That's what I remember. That's what I know about -- how you guys not only inspired me but you inspired each other. And you can still do that. You...

00:38:5940 sec.
Obama, Barack - President

When I told you in 2008 that I was running for President, I told you, look, I’m not a perfect man -- Michelle tells me that. (Laughter.) And I wouldn’t...

00:39:3932 sec.
Obama, Barack - President

And I’ve kept that promise, Iowa. (Applause.) I have kept that promise. And I still believe in you. And if you still believe in me, and you’re...

00:40:116 min.
Obama, Barack - President

God bless you. God bless the United States of America. (Applause.)

Loading...