English subtitles for clip: File:2014-01-18 President Obama's Weekly Address.webm

1
00:00:10,033 --> 00:00:11,533
The President:
Hi, everybody.

2
00:00:11,533 --> 00:00:14,834
This week, I visited a company
in Raleigh, North Carolina,

3
00:00:14,834 --> 00:00:16,800
that helps make electric motors

4
00:00:16,800 --> 00:00:18,900
that save businesses
money on energy costs

5
00:00:18,900 --> 00:00:21,633
and cut harmful
carbon pollution.

6
00:00:21,633 --> 00:00:23,834
And I stopped by
N.C. State University,

7
00:00:23,834 --> 00:00:27,100
where engineers are set
to develop the new technology

8
00:00:27,100 --> 00:00:29,867
that will make those
motors even better.

9
00:00:29,867 --> 00:00:32,667
It's part of my push not only
to make America home

10
00:00:32,667 --> 00:00:34,834
to more high-tech
manufacturing -

11
00:00:34,834 --> 00:00:36,734
but to make
America more attractive

12
00:00:36,734 --> 00:00:40,233
for the good jobs that a
growing middle class requires.

13
00:00:40,233 --> 00:00:42,666
And increasingly, we are.

14
00:00:42,667 --> 00:00:44,700
Thanks in part to our
all-of-the-above strategy

15
00:00:44,700 --> 00:00:46,266
for American energy,

16
00:00:46,266 --> 00:00:48,166
for the first time
in nearly two decades,

17
00:00:48,166 --> 00:00:50,400
we produce more oil 
here at home

18
00:00:50,400 --> 00:00:53,166
than we buy from
the rest of the world.

19
00:00:53,166 --> 00:00:55,699
We generate more renewable
energy than ever,

20
00:00:55,700 --> 00:00:58,000
and more natural
gas than anybody.

21
00:00:58,000 --> 00:00:59,233
Health care costs are growing

22
00:00:59,233 --> 00:01:01,467
at their slowest
rate in 50 years -

23
00:01:01,467 --> 00:01:03,333
due in part to the
Affordable Care Act.

24
00:01:03,333 --> 00:01:04,667
And since I took office,

25
00:01:04,667 --> 00:01:08,266
we've cut our deficits
by more than half.

26
00:01:08,266 --> 00:01:10,433
So we are primed to bring
back more of the good jobs

27
00:01:10,433 --> 00:01:11,934
claimed by the recession,

28
00:01:11,934 --> 00:01:15,000
and lost to overseas
competition in recent decades.

29
00:01:15,000 --> 00:01:17,667
But that requires
a year of action.

30
00:01:17,667 --> 00:01:19,166
And I want to work
with Congress this year

31
00:01:19,166 --> 00:01:21,066
on proven ways to create jobs,

32
00:01:21,066 --> 00:01:22,400
like building infrastructure

33
00:01:22,400 --> 00:01:25,233
and fixing our broken 
immigration system.

34
00:01:25,233 --> 00:01:28,967
Where Congress isn't acting,
I'll act on my own to put

35
00:01:28,967 --> 00:01:31,000
opportunity within reach
for anyone who's willing

36
00:01:31,000 --> 00:01:32,700
to work for it.

37
00:01:32,700 --> 00:01:34,600
That's what I did in Raleigh
by launching America's

38
00:01:34,600 --> 00:01:37,767
second "manufacturing
innovation institute."

39
00:01:37,767 --> 00:01:39,700
It's a partnership between
companies, colleges,

40
00:01:39,700 --> 00:01:41,066
and the federal government

41
00:01:41,066 --> 00:01:44,467
focused on making sure American 
businesses and American workers

42
00:01:44,467 --> 00:01:47,066
win the race for
high-tech manufacturing

43
00:01:47,066 --> 00:01:48,700
and the jobs that come with it -

44
00:01:48,700 --> 00:01:50,700
jobs that can help
people and communities

45
00:01:50,700 --> 00:01:54,834
willing to work hard punch their 
ticket into the middle class.

46
00:01:54,834 --> 00:01:56,533
I firmly believe
that this can be

47
00:01:56,533 --> 00:01:59,166
a breakthrough
year for America.

48
00:01:59,166 --> 00:02:01,567
But to make that happen,
we're going to have to act -

49
00:02:01,567 --> 00:02:03,833
to create good jobs
that pay good wages,

50
00:02:03,834 --> 00:02:06,934
and to offer more Americans
a fair shot to get ahead.

51
00:02:06,934 --> 00:02:09,133
That's what I'm focused on every
day that I have the privilege

52
00:02:09,133 --> 00:02:11,166
of serving as your president.

53
00:02:11,166 --> 00:02:12,700
That's what I'm
going to be focused on

54
00:02:12,700 --> 00:02:14,966
every single day of this year.

55
00:02:14,967 --> 00:02:17,033
Thanks,
and have a great weekend.