Even more meanwhile, the House scheduled a opinion Thursday on its chronicle of a bill refuge resolution, involving a one week extension, appropriation the Defense Department until Oct. 1 and grand $12 billion more in cuts on spending elsewhere.
Meanwhile again, Boehner said:
( UPDATE: At the Sharpton banquet, Obama praised censured New York Democratic congressman Charlie Rangel for his "outstanding work.")
-- Andrew Malcolm
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THE PRESIDENT: Thank you so much. Everybody, greatfully have a seat, have a seat.
Hello, Fairless Hills! Hello, Gamesa! It is great to be here. we was here 3 years ago. we was then a participant -- how many folks were here at the time? Anybody remember? (Applause.) We had a great visit. we sealed a blade, we think, whilst we was here. we didn't have as sufficient gray hair back then. (Laughter.) You guys still look great. I'm a small worn-out down.
It is great to be back, and we admire on vacation places where people are obviously creation stuff, because that's what America is about. Everybody here, you are assisting to erect towers that are going to mount 400 feet in ....
....the air and produce enough physical phenomenon to power 600 homes. And the blades alone are 140 feet long, so these aren't your father's windmills. These are breeze turbines. You guys are not messing around. This is the future of American energy.
So we longed for to advance back partly because over the final two years since I've been President, only as we betrothed when we was here as a candidate, we have been compelling and boosting washed energy. we think it's surely vicious for our future. And it's moreover nice to be next to cold products.
I think that what you do here is a peek ! of the f uture, and it's a future where America is reduction contingent on unfamiliar oil, more reliant on washed appetite constructed by workers similar to you. And we know that this is -- this entire situation of appetite is on the minds of a lot of people correct now, partly because you're profitable more at the pump. Anybody observe that? You beheld that a small bit.
The fact is, for a lot of folks, allowance was already parsimonious before gas prices proposed climbing, primarily for a few family groups where the spouse or the wife had been out of work or you've had to obtain by with fewer customers or hours on the job. Having high gas prices is only one more updated burden.
But we wish everyone to remember, every time gases go up, we see the same pattern. Washington gets all worked up, only similar to clockwork. Republicans and Democrats both beginning creation a lot of speeches. Usually the Democrats censure the Republicans; the Republicans censure the Democrats. Everybody is going in front of the cameras and they've got a few new three-point outline to guarantee two-dollar-a-gallon gas. And then nothing happens. And then gas prices go down, and then unexpectedly it's not in the headlines any more and everyone forgets about it until the next time gas prices return up again.
That's what was going on when we was running 3 years ago. You recollect "Drill, baby, drill"? That was because the manage to buy was overheated, gas prices were skyrocketing, and everyone done a lot of speeches but not sufficient happened. And we mentioned then that we can't means to go on this type of being in startle when gas prices go up and then unexpectedly being in a coma when things return down again. We've got to have a postulated appetite process that is consistent, that recognizes that there's no illusion regulation to pushing gas prices down; it's a solid alleviation in conditions of how we use appetite and where we obtain appetite from -- that's what's going to make a difference. That's! how we' re going to secure our appetite future.
So final week we laid out a prophesy of how we could do this. It's a outline that says we're not going to fool around the standard Washington governing body that have prevented growth on appetite for decades. Instead, what we're going to do is we're going to take every great thought out there. Whether you're Republican or Democrat, whatever the idea. From environmentalists. From oil group similar to T. Boone Pickens. we wish to have a thorough appetite strategy that can help us pierce forward. And that means we've got to search for every breakthrough, every renewable resource, every technology, every draw close to change the way we produce and use energy.
And by this plan, what we wish to do is publicize all kinds of homegrown energy. That's what's going to help us secure our appetite future. That's what's going to help us win the future.
Now, initial of all, what we wish to do is, in a decade, we wish us to have cut by one-third the amount of oil that we alien when we was inaugurated to this office. we wish to cut our appetite imports by a third.
Now, comprehend why that's so important, because when you see what happens in the Middle East, and unexpectedly the world oil markets obtain spooked, even if the supply is there, your gas prices are going to go up. The reduction we import, the more control we have over what happens at the pump.
Second, by sources similar to breeze energy, constructed in segment by your turbines, we wish us to twice the amount of physical phenomenon that we draw from washed sources. we wish us to twice it. And that means by 2035, 80 percent of our physical phenomenon will advance from renewables similar to breeze and solar, together with effective innate gas, washed coal, chief power. We can do that.
And by the way, that would make a outrageous disparity here at Gamesa. This is an draw close that says we're not going to collect one appetite source over another.! What we do is we set a target, an practicable goal, and then we give attention the adaptableness to accomplish it. We say to the utilities, you've got to obtain this sufficient appetite from renewable sources, and then breeze is competing with solar is competing with innate gas. And there's a strong contest out there, and everyone starts getting better at what they do because you're producing more and you know you've got a arguable patron for it.
So we're slicing oil imports by a third. We're going to obtain 80 percent of our physical phenomenon from washed sources. And if we follow by on this, if we obviously plunge into this challenge, here's what will happen. Our manage to buy will be reduction exposed to furious swings in oil prices. Our republic will no longer be gratified to the countries that we right away rest on for oil imports. We won't be sending billions of dollars a day to the Middle East. We can potentially keep a few of that invested correct here at home.
We'll lower the wickedness that's disrupting our weather and melancholy the world that we leave for our young kids and our grandchildren. We'll turn more appetite independent. And we'll hint enhancement and entrepreneurship opposite America. We will be more expected to win the universal contest for new jobs and new industries -- because we are unaware about you, we don't wish China to be the world's heading breeze power manufacturer. we wish the United States to be the heading producer of breeze power. we wish it done correct here in the U.S. of A. (Applause.)
Same thing goes with solar, same thing goes -- whatever appetite source, we wish us to be the best. That's how we'll win the future. But we're going to have to out-innovate the world. And this plant is a great example. For decades, this was segment of steel country. Thousands went to work in the aged buildings that lined these streets, forging the steel that built our trains and our ships and our cars and our skyscrapers.
But you know t! he story . The manage to buy changed. The jobs vanished. A lot of void factories proposed backing these same streets.
But this firm brought jobs back to these floors. Buildings that were dark, they're right away humming again. We got more than 250 people on the job at these plants and 800 workers opposite the state. And Gamesa has partnered with Bucks County Community College to emanate a Green Jobs Academy that serves as a tube for new workers as the firm expands. And there are other companies embarking washed appetite along these streets as well.
This has done a disparity in this community. It's done a disparity for folks similar to Jim Bauer. Is Jim around? Where's Jim? There's Jim correct there. (Applause.) Hey, Jim! See, we listened about Jim because he mislaid his job when the mills closed, but then he'd be flattering shortly working once again in the shade of where he outlayed 25 years in the steel industry. Now he's here.
And there was a cite that we got from Jim. He said, "I was forced into retirement" -- "after we was forced into retirement, nobody would sinecure me for any type of decent money. Then we saw an ad seeking for steelworkers to come together Gamesa, and right away I'm cheerful to minister to something that's important." (Applause.)
And that -- there are a lot of folks out there similar to Jim who are hardworking, have great skills, bu t maybe haven't gotten a chance. And there's no reason why they can't be working in a place that's carrying out a few important things.
But times are still tough. A lot of people out there are still seeking for work. And I'll be honest with you, not every production job that used to be here from the steel companies are going to advance back -- because if you go to a steel plant right away these days, it may take 10 workers to produce what it used to take 100 workers to produce, only since industrialisation and new technologies.
But Jim's story should give us hope. It should give u! s a few thought of the guarantee of washed appetite for our country.
Let me only say this one final thing and then we wish to take a few questions. None of this is going to be easy. When people -- when politicians discuss it you something's going to be easy, they're not revelation you the truth.
If it was easy, somebody would have already done it and taken credit for it, and had a print op. Reducing our coherence on oil, doubling the washed appetite we use, assisting to blossom our manage to buy by securing our appetite future -- that's going to be a large challenge. And it's going to require effort.
It's going to require ingenuity. It's going to require us forthcoming together. It's going to require us getting past a few of the sparse governing body that we fool around sometimes. But we can encounter that challenge.
We're not going to always consent with each other on everything. We live in a large country. We've got a robust democracy, and that's fine. But we should consent on a few simple things.
We should be able to consent on building washed appetite and shortening our coherence on unfamiliar oil. We should be able to consent that we must be deposit in things similar to our roads and our bridges and our infrastructure -- because we used to have the most appropriate infrastructure in the world, and we don't correct now; other countries have vanished past us. And if we were investing in our infrastructure we'd be putting more people to work.
You know, we don't design everyone to always consent with me. But forthcoming here today, we was reminded of what we mentioned correct here 3 years ago, back when it wasn't sure that we was going to win the election. we mean, you guys couldn't clarify my name. (Laughter.) But here's what we said. we said, "I am not a perfect human and we will not be a perfect president.
But we can guarantee you this: we will always discuss it you where we stand. we will be honest with you about the ! challeng es we face and how we can compromise these problems. And we will take what we listen to from you -- your voices, your struggles, your hopes, your dreams -- that's what I'm going to be considering about every singular day when I'm in the White House." And we have kept that promise. (Applause.) we have kept that promise. I'm considering about you guys every singular day when I'm in the White House. And I'm going to keep pushing, and I'm going to keep fighting for you.
With all that's going on in the world, with all the challenges we're facing, that's what we consider every singular day when we arise up -- what counts to you. we wish to ensure everyone who wants a job can find one; everyone can pay their bills; everyone can elevate their kids and give them a better life. And that's what all of us should be considering about.
Some of you may have listened the ultimate evidence in Washington -- the free-for-all over final year's budget. Keep in mind, we're not arguing about this year's budget, we're arguing about final year's budget. It creates it difficult to win the future when you haven't transfered the bill from final year.
So we asked Congress to send me a bill that creates a few major spending cuts but still invests in things similar to washed energy; still invests in research; still invests in infrastructure; still invests in preparation -- investments that are vicious for us to be able to vie with any country in the world. That's what we asked for. we asked for it several months ago.
Now, after weeks of negotiations, we've right away concluded to cut as sufficient spending as the Republicans in Congress originally asked for. I've got a few Democrats insane at me. But we said, you know what, let's obtain past final year's bill and let's concentration on the future.
So we've concluded to a compromise, but someway we still don't have a deal, because a few folks are perplexing to speak up governing body in what should be a simple debate abou! t how to pay our bills. They're seasoned mixture all kinds of problems in there -- miscarriage and the mood and illness care.
And, you know, there are times to have those discussions, but that time is not now. Right now, we must be only ensure that we pay our bills and that the supervision stays open. And if we don't attain familiar belligerent by Saturday, the sovereign supervision shuts down.
And a few of you may not be that sympathetic. You may say, well, let it shut down, what do we care? But here's the thing. When supervision shuts down, it means that that small business owners who's watchful to obtain a loan, unexpectedly nobody's there to process it. He may not obtain that loan and that business may not open. And whoever he was formulation to hire, unexpectedly he may not have that job that he was counting on.
It may turn out that somebody who was perplexing to obtain a ....
.... housing loan can't have their documentation processed by the FHA and right away the person who was going to sell the house, what they were counting on, they can't obtain it.
Folks who were formulation a vacation to Yellowstone -- well, it turns out national parks, unexpectedly you're closed, you're out of luck. You may have to try to figure out if you can obtain your allowance back for that review you were going to stay at.
I mean, these are things that affect ordinary family groups day in, day out, and it affects our manage to buy correct at the time when our manage to buy is getting momentum. We had the most appropriate jobs inform we had had in a really long time this past Friday. But you know what? Companies don't similar to doubt and if they beginning saying that unexpectedly we may have a shutdown of our government, that could hindrance movement correct when we must be erect it up -- all since politics.
I do not wish to see Washington governing body mount in the way of America's progress. At a time when you're struggli! ng to pa y your bills and encounter your responsibilities, the smallest we can do is encounter our responsibilities to produce a budget. That's not too sufficient to inquire for. That's what the American people design of us. That's what they deserve. You wish everyone to deed similar to adults, stop work personification games, noticed that that it's not only "my way or the highway." How many folks are tied together here? When was the final time you only got your way? (Laughter.) That's not how it works, right? He carried his wife's palm up -- (laughter) -- you know, no.
I mean, the fact is, is that you have to make compromises as a family. That's what we are, the American family. So Democrats and Republicans must be obtain together, work by their differences, keep the supervision running so we can concentration on gripping this manage to buy growing, concentration on things similar to washed energy, pushing down gas prices. That's our job. That's what people wish to see -- results. You merit no reduction than that.
So this is a severe time for America, and we've been by the worst retrogression since we was -- before we was born. A lot of folks are still spiteful out there. But if we advance together, if we listen to each other, if we recollect that we're one nation, that we're one people, then I'm assured that we're going to advance out of this time stronger than we were before.
And what creates me assured is saying all of you and saying what we see all opposite America -- people who have expostulate and who have confidence and who are decent and do correct by their family groups and do correct by their communities. That's what's carried us out of difficult times before. That's what's going to bring deliver America into the future.
So appreciate you, Gamesa, is to great work you're doing. And with that, let me take a few questions. Appreciate you. Thank you. Thank you. (Applause.)
All right. We've got these superb volunteers who are -- have their! mics an d they're going to advance up so that we can listen to your question. This young human correct here -- who had their palm up correct -- correct here, this gentleman. Introduce yourself, too.
Q Daniel Ream (ph), sir. In 2009, the Center for American Progress sponsored the National Clean Energy Project, in which they minute the implementation of an efficient, high-voltage grid that would expand from coastline to coast. Now our specific product can only request to so many mountains, valleys, and regions before we run out of space. It's vicious that this grid be determined so we can go on to blossom these green-collar jobs and sustain this product inside of our American shores. What's the stream level of appropriations being supposing for this specific endeavor, and how high a priority is it for your stream Cabinet?
THE PRESIDENT: That was a great subject there. (Laughter and applause.) we mean, is that how he talks all the time? (Laughter.) Man. we better take off my jacket. All right. (Laughter.) That was serious.
No, listen, it obviously was a great question. we think a lot of you guys are aware, there are a few places -- say, the Dakotas -- where it's prosaic and you've only got a lot of wind, but you may not have a lot of customers. And so the subject for breeze power and solar power and a lot of these renewable appetite industries is if we're producing the appetite one place, how do we obtain it to other place?
And that's why this entire concept of a chic grid is really important. And a chic grid is only a fancy name for a better physical phenomenon grid than what we've got correct now. Because the way it functions correct now, we've got this patchwork of all these not similar physical phenomenon grids and connectors, and there's all this steam and a garland of it was combined decades ago so it's not quite efficient.
And so the thought of a chic grid is, if you can offshoot up a national physical phenomenon grid that is state of the art a! nd it ha s switches and P.C. monitors that are able to help systematize the upsurge of physical phenomenon to the places that need it when they need it, then you can save outrageous amounts of electricity, which means that your bills are lower. It means that we have to produce reduction appetite per domicile or per business, which means we're sending reduction wickedness into the air, whatever form of appetite we're using.
It means that renewable energies similar to solar and breeze right away have an value because you can obtain them from where they're being combined to where they must be go. And because it's more efficient, there's reduction waste products so you can obviously store breeze appetite even when it's not windy, or solar appetite even when it's not sunny. So this is a outrageous and important project.
It turns out that the dare is not so sufficient a allowance issue. When you mentioned appropriations, you know, the subject was, does -- are we going to -- is Congress going to put a lot of allowance into building this thing? It turns out, actually, that you could probably obtain a lot of in isolation zone dollars to deposit in a chic grid. The large dare is obviously all these not similar zoning laws because people don't wish delivery lines, et cetera, in their vicinity, and each state and each local supervision has its own control about siting issues. And so you've got this patchwork instead of one national concept.
So what I've been perplexing to do -- and this wouldn't cost a lot of allowance -- is only to obtain governors, mayors, county officials, sovereign supervision all to lay down and figure out, how can we obtain this done? How can we obtain this done? And it may beginning only in certain sections of the country. So you'd have a chic grid in, let's say, the upper Midwest and then you'd have other chic grid in the Northeast. And you type of erect these bigger patchworks and then you type of sew up them all together at the end.
We should be a! ble to o btain this done, but it's going to require a few organization and it requires team-work from each of these not similar units of supervision than we've got correct now. All right? Okay. And if you wish to be a TV commentator, you let me know. (Laughter.) All right. Who's next? Who's next? Gentleman correct here.
Q How you doing, Mr. President?
THE PRESIDENT: I'm good.
Q My name is Jazz (ph). You were discussing about the way up of gas prices. Is there any way that -- talks of obscure the prices? we mean, we know back in the '70s when we had this conflict, they were going from -- our permit plates, from unusual to evens, days we could obtain gas. we know we're not at that theatre correct now, but they did lower the prices after that. Is there a luck of the cost being lowered again?
THE PRESIDENT: Well, let me go over what we mentioned a small bit earlier. Most of the reason the gas cost peaked 3 years ago was urge for oil increased. Then what happened was we had the awful recession. A lot of businesses closed, a lot of folks were out of work, folks were pushing fewer miles, so urge for oil goes down, prices went down. And by the way, oil prices are worldwide prices, so you don't only have similar to a U.S. marketplace for oil -- you've got a world marketplace for oil. Anything that happens wherever in the world will lower the price.
So right away the manage to buy is picking up, which is a ....
.... great thing. More folks are anticipating jobs. Businesses are starting to sinecure again. And that's going on all around the world. So right away you're starting to see urge return up and the prices are going back up. You increase on top of that what's going on in the Middle East and it creates folks restless and so these folks beginning saying, you know what, I'm going to bid a aloft cost on oil, on a tub of oil now, because I'm considering it's going to go up a small serve in box something happens on the world oil ma! rkets. A nd that pushes prices up only a small bit more.
Now, there are a couple of things that we can do. But I'm only going to be honest with you, there's not sufficient we can do next week or two weeks from now. What we can do is, for example, increase oil production here in the United States. So we are out there -- here's a small secret for you. We obviously have seen aloft oil production here in the United States than any time in our history. We are producing a lot of oil. It's only urge keeps on going up faster than production. But we can still do more.
Now, we only had the Gulf predicament final summer when all was messed up. And so what we had to do was we had to say, you know what, before we beginning training once again out there, then we wish you guys to uncover me explanation that you can obviously do this safely and when something goes incorrect you can hat that thing so we're not going by 6 months of oil only spilling into the sea and ruining coastal communities and spiteful fishermen and so forth. We right away have a situation where the safety manners have been softened and training is beginning once again in that region. But the training that's receiving place in the Gulf now, that product doesn't obtain to marketplace correct away.
We're moreover saying, you know, let's look in places similar to off the Atlantic or in Alaska. If there are other places where we can do a few offshore drilling, we'll do it. But here's the thing about oil. We have about 2, maybe 3 percent of the world's proven oil reserves; we use 25 percent of the world's oil. So consider it. Even if we doubled the amount of oil that we produce, we'd still be partial by a reason of five.
So we can't only cavalcade our way out of the problem. And that's why the second thing we can do is increase effectiveness on cars and trucks, which is where most of our oil is used. (Applause.) Now, we observe a few folks clapped, but we know a few of these large guys, they're all still pushing t! heir lar ge SUVs. You know, they got their large beast trucks and everything. You're one of them? Well, now, here's my point. If you're angry about the cost of gas and you're only getting 8 miles a gallon -- (laughter) -- you may have a large family, but it's probably not that big. How many you have? Ten kids, you say? Ten kids? (Laughter.) Well, you unquestionably need a hybrid outpost then. (Laughter.)
But here's the thing is that final year, is to initial time in 30 years, we increased fuel-efficiency standards on cars and trucks. And we didn't do it, by the way, with a law. We got autoworkers, vehicle companies, environmentalists -- everyone concluded to it. That's going to save us about 1.8 billion barrels of oil. But we can do more. The more effective our vehicle fleets are, the more effective our lorry fleets are, the reduction people are using -- that lowers gas prices as well. So that's the second thing we can do.
The third thing we can do is we can beginning seeking at electric cars, and maybe innate gas cars, so that we're not only using inorganic substance to power our vehicles. That would be, by the way, a outrageous speed up for Gamesa. If you've got a sufficient better placement network for electric cars -- correct now, a few of these electrics, you should be able to only block it in into your garage; you in essence only have a large socket. You block it in at night, unplug it, you're pushing it all day. You obtain home, you block it back in, and if you've got one of these chic boxes in your garage, the new physical phenomenon from your automobile obviously goes back into your house. And so you're saving both ways.
But the complaint is correct right away that we don't have a extended enough placement network. The cost of modernized batteries for cars is still a small bit too expensive, so we're perplexing to expostulate down the price. It's similar to anything else, though; it's the same with your breeze turbine, the same with breeze appetite -- the more yo! u make, the cheaper it gets, because the technology improves, you're formulating more of them, you obtain economies of scale.
So number one, increase oil production. But that's not a partial -- that's not a long -- a short-term solution, and it's a not a long-term solution, either; it will only -- it will help a small bit. Number two, more effective cars so we're using our gas more effectively. Number three, changeable to electric cars and other forms of travel so we don't use oil as much.
None of that is going to help you this week, though. So, similar to we said, if you're getting 8 miles a gallon you may wish to consider a trade-in. You can obtain a great deal. we guarantee you, GM or Ford or Chrysler, they're going to be cheerful to give you a treat on something that gets you better gas mileage. All right. Young woman correct here.
Q Mr. President, we wish to appreciate you for going to Latin America a couple weeks ago. And this is a great story where Ex-Im Bank and Gamesa worked together to supply over 50 turbines to Honduras, for example.
THE PRESIDENT: Right.
Q If you could elaborate more on your National Export Initiative, we think that that would be an extraordinary thing to talk about.
THE PRESIDENT: Well, that's a great point. You guys are selling a few of your turbines overseas, partly because what's called the Export-Import Bank -- which is a supervision agency that helps businesses marketplace to abroad markets -- bending up with Gamesa and saw -- detected this way where they could obtain into that market.
Now, one of the ways that we got in difficulty before the retrogression was we were borrowing a lot of allowance to buy a lot of things from somebody else. Right? we mean, basically, what happened was we ran up our credit cards, we took out home equity loans, and we paid for a lot of flat-screen TVs, and we paid for a lot of whatever you all buy. (Laughter.) we didn't wish to obtain personal in conditions! of all the things that you may have purchased. But a lot of it was done someplace else. And that was great for China. That was great for a few of these other countries that are exporting to the United States, but it wasn't really great for U.S. industry.
The way countries come after over the long tenure is by creation things and selling it to somebody else. (Applause.) So what -- my -- we set a goal. we mentioned we wish to twice our exports. we wish to twice our exports over the next 5 years and we can do it. We've already increased our exports by 18 percent. Now that's a great start, but that means we got other 80 percent to go.
And that's where using something similar to the Export-Import Bank may be really important, because a lot of these other countries give a large value to their exporters. They help give them financing. They help them find markets. They bargain deals for them. And my perspective is, well, if they're carrying out it for their companies we wish to ensure we're carrying out it for our companies. And we wish to ensure that goods that we're producing here in the United States obtain sole other places.
We've got the most appropriate technology. We've got the most appropriate workers in the world. But we are such a large marketplace that a lot of times we've been focused more internally than considering about how can we sell to other countries. And we can't be fearful of competition. We've got to go after it. All right? Young woman correct there. Yes, you.
Q Hi, my name is Singaza Bell (ph). Yes, my subject is in light of what you only said. What of corporate taxation incentives and RD taxation incentives that will make companies similar to Gamesa do their production here? Because it's one thing to have the expertise bottom in the United States, but we really need production back here.
THE PRESIDENT: You're right, and the reason that companies fix up in not similar places is complicated. A lot of it has to do with the fact that ! labor ex penses may be lower in a few of these other countries, but a lot of it has to do with our taxation code, which is type of screwy.
On paper, we've got the highest taxation -- one of the highest taxation codes for corporations in the world -- on paper. But here's the catch, we have so many loopholes that it turns out you've got a entire garland of companies who are profitable no axes or hardly profitable taxes, or they keep their allowance in offshore accounts and it doesn't obtain reinvested back here in the United States of America.
So this is one of the reasons why I've mentioned that we think it would make clarity for us to remodel our taxation code, facilitate it, lower the rate for corporations, but remove a garland of the loopholes so that everyone is profitable the same and it's fair.
Because what you pay in taxes should not depend on how great your counsel is, or how great your accountant is. If you make a certain amount of money, that's what you should pay. And we think that same principle, by the way, we can request to people as well. So one of the things I'm meddlesome in is seeking at taxation reform. Ninety percent of you shouldn't even have to probably record a return.
The way wiring functions these days, you should be able to -- with your W-2, it gets plugged in. It's on a P.C. somewhere. Here's your refund. You pointer something electronically. It gets done.
Most people don't itemize. If you don't itemize, sending in a few complex return is only a waste products of paperwork. And even if you do itemize, most of you probably it's your housing loan on your residence -- fascination payments on your housing loan and a couple other things. It shouldn't be a few two-week ordeal.
And by the way, because infrequently folks will say, well, you don't have to do your taxes. Look, it's true, we don't do my taxes anymore. I've got other things that I've got to do. But it wasn't that long ago when we did do my taxes. we remem! ber. It was terrible. (Laughter.) Just similar to we recollect pumping gas. we don't siphon gas anymore, but we recollect what it was similar to when you filled it up and it incited out you didn't have as sufficient allowance as you thought.
So we think we can obviously facilitate it. But on manufacturing, taxation remodel on the corporate side could make a difference. The other thing, though, is in conditions of enlivening manufacturing, we've got to comprehend what our value is. See, we'll never vie in conditions of low wages; there's always going to be someplace that has lower salary than we do. We're a affluent country.
So if a firm only wants to make cosmetic toys, we're only not going to be able to keep up with that. But when it comes to high-end, high-skilled jobs, those are the type of production jobs we have to go after. And that's where research, enhancement is so important. That's where on something similar to washed energy, creation sure that there's a marketplace for that washed appetite is so important. That's what's going to produce production jobs -- creation sure we've got a great chic grid. The are the kinds of things that are going to ensure that we have the high-end production here in our country.
And we only wish to introduce -- there's a guy correct here, this guy, I'm going to confuse him. His name is Ron Bloom. Ron is obviously the guy who helped us save the vehicle industry. He helped to design our module to ensure that G.M. and Chrysler did not obtain liquidated and did not go under. And by the way, we are unaware if you guys heard, a couple weeks back G.M. mentioned it was right away going to sinecure back every singular workman that had been laid off. All singular workman that had been laid off. (Applause.)
So Ron is right away working to develop production strategies for every attention around the country, and he's carrying out great work. And I'm sure he's going to be discussing to the folks here at Gamesa and others in conditio! ns of an ticipating ways that we can increase production here in the United States all opposite the country. All right, gentleman correct here.
Q David Campbell (ph). My subject is in regards to the ITC and the PTC -- the investment taxation credit and the production taxation credit, renewable energy. It's rather well known that the large appetite developers deed rather flighty depending on the appearing deadlines in a few of the supplies in those taxation credits. And they have been known, and they've been oral on in the attention as being helpful. Can you only speak on how your administration department skeleton to encouragement that or skeleton to go on to encouragement it because you already are?
THE PRESIDENT: We wish to make them permanent so that people aren't seeking every few years to try to figure out is this investment going to be there for us. (Applause.)
I wish to kick-start this industry. we wish to ensure we've got great customers, and we wish to ensure that there's the financing there so that we can encounter that demand. And there's no reason why we can't do both, but it does require us getting past a few of these diplomatic arguments.
I don't comprehend why a few folks think that if you publicize washed appetite that someway you're a few pointy-headed, environmentalist type, but if you're all about only training and getting more oil, then you're a difficult guy.
If oil is what you've got and it functions for you, then there's nothing incorrect with oil. But when you only have 2, 3 percent of the world's oil reserves, why wouldn't you wish to develop substitute sources of appetite that are cleanser and more effective and that produce production jobs similar to are being constructed correct here.
Sometimes people say, well, what about coal? Look, coal -- we are the Saudi Arabia of coal. We've got a entire lot of coal, but the fact of the matter is, coal -- if we don't have washed coal technologies to grasp the particle! s that a re sent up in the air, it causes major wickedness that increases the rates of asthma and is contributing to weather patterns changing. So we should work on technologies to make coal cleaner. But that doesn't meant that it's an either/or; it's a both/and.
We can use oil, use coal. We're going to need those for a while. But let's moreover develop these new energies, these cleanser energies, that can really make a difference. We're going to need bipartisan encouragement for that. That's what I'm hoping we're going to be able to get. All right. Gentleman correct here.
Q Hi, Mr. President. First off, appreciate you really sufficient on behalf of everyone here for forthcoming today. It really means a lot to us.
THE PRESIDENT: You bet.
Q My name is Alan Berchel (ph). I'm a Canadian. we only changed here about a year ago. And my subject for you currently is in anxiety to the Canadian connect sands. Now, we've listened you speak currently about the significance of production things domestically is to role of exporting. We've listened you speak about the significance of made at home appetite security, as well the significance of out-performing China in conditions of the skill for us to manufacture breeze turbines.
Now, we would similar to to know how you change your undertaking to the mood with made at home appetite security, given that there has been recent made at home gainsay from the thought of importing Canadian oil, and as well, gripping in thoughts that it does require appetite to be able to manufacture these turbines -- if you do not import the Canadian connect sands oil, you are gap the doorway to serve investments by SunCor in Canada; as well you're essentially gift up this really immeasurable and politically sound oil -- appetite resource to a country similar to China. we only wish to know how you're balancing all these not similar pressures.
THE PRESIDENT: Did you talk to this guy? (Laughter.) You know -- (laughter.) For thos! e -- onl y to give credentials to folks, there are these connect sands in Canada than can produce oil. There is talk about building a tube into the United States to import that oil. we can't criticism on the specifics of this because the State Department is going by this complex review process, and if it looks similar to I'm putting my fingers on the scale before the scholarship is done, then people may subject the merits of the preference after that on. So I'm not going to obtain into the sum of it.
I will make this general point, which is that, initial of all, importing oil from countries that are sound and friendly is a great thing. So, for example, a few of you saw we went down to Brazil a couple of weeks back. And we know people think we was going there to see samba dancers or something; they fool around soccer. we was going down there partly because Brazil is obviously already carrying out a really great job with biofuels. They've got a few of the most appropriate cellulosic ethanol -- this ethanol that's not done with corn, but it's done with similar to sugarine shaft stalks.
So we think a third of their cars already on the thoroughfare run on biofuels. So we longed for to ensure that we pick up from them -- this goes to the indicate about other way that we can lower gas prices. But they moreover only had these outrageous discoveries of oil off their shores underwater, flattering low down. And can we beginning using them using our outstanding technology -- a few of the lessons we've schooled in the Gulf -- to emanate other periodic source or supply of oil.
Canada already is one our largest oil exporters, or that's -- we import from Canada. These connect sands, there are a few environmental questions about how mortal they are, potentially, what are the dangers there, and we've got to analyze all those questions. It's the same thing with innate gas here in Pennsylvania. Everybody has been conference about the entire fracking issue, right?
Now, innate gas! is a cl ean, comparatively washed energy. It's a hoary fuel, but it consume flattering clean. But we've got to ensure that as we're extracting it from the ground, that the chemicals that are being used don't leach into the water. Nobody is an environmentalist until you obtain sick. And it turns out, well, gosh, why didn't somebody discuss it me that this might affect the H2O that we splash or the air that we breathe, or what have you? So we've got to do a few scholarship there to ensure that the innate gas that we have in this country, we're extracting in a protected way. The same thing is loyal when it comes to oil that's being piped in from Canada, or Alaska for that matter. We only got to do these evaluations, and we're always perplexing to do that formed on the science. All right? Let me see. Let's go correct here in the glasses. Yes.
Q Hey, Mr. President. Welcome back.
THE PRESIDENT: Great to be back.
Q My young kids -- we have 7 of my young kids and 8 grandchildren. we was only wondering, like, what are we going to do about their education? Because we're (inaudible) slicing this school, we're slicing 5 schools, 6 schools here and all. we mean, that's our future. If we're slicing their heads off, then where are we going to be in 30 or 40 years?
THE PRESIDENT: It's a great question. Can we only inquire before we answer, though, is there a few rule at Gamesa that you got to have a entire garland of kids? (Laughter.) we mean, you got 10 over here, you got 7 over here. Golly. (Laughter.)
Look, the singular most important decding factor of how we do as an manage to buy is going to be how prepared our workforce is. That's our greatest aggressive advantage, is having workers who are skilled. (Applause.) If we've got the most appropriate scientists, if we've got the most appropriate engineers, if we've got the most appropriate mathematicians, if we've got workers who know how to -- as they do here at Gamesa -- to use high-tech equipment, that's what! 's going to be our advantage.
Like we said, we're not going to win the race only by pushing our salary down, because we'll never win that race. we mean, China doesn't even have the lowest salary now. Some companies are right away relocating to the next country that's got lower salary than China, because China's manage to buy is starting to grow. There's always going to be a few country out there with lower wages. But we can out-educate anybody. (Applause.) And we used to have -- we used to have the most appropriate preparation network in the world. We used to have the number one commission of college former students in the world. We don't anymore. Our kids used to do the most appropriate on math and scholarship exams; right away we're similar to ninth, 12th, 21st. And that means that other countries are going to pass us by.
This is why even in these difficult bill times, where we must be cut the things that we don't need, we can't stop investing in education. We can't stop investing in education. (Applause.) we put deliver my bill offer for next year, and roughly every department we cut. One department we didn't cut -- education. we did not cut education, we obviously increased our investment in education. (Applause.)
Now, allowance is not the only thing that creates a great school, so we've moreover got to remodel our schools. Some schools are not structured to ensure kids learn. There are schools out there where they've got enough money, but for whatever reason -- most of the time they're in bad neighborhoods, but segment of it is moreover that the teachers, the principals, et cetera, they're not working together in as effective a way with the parents and the residents to ensure that there are high expectations is to kids and everyone is performing.
So what we've mentioned is, yes, we're going to put more allowance in the schools, but we're moreover going to remodel the schools. And segment of the allowance that we've done is -- what we've done is we've f! orged ou t a few of this allowance and we've said, instead of it only going to every college neighborhood formed on a few formula, we wish you to vie for it.
Come up with a outline explaining how you're going to remodel our preparation system; how you're going to ensure there are high standards for every kid; how you're going to obtain the most appropriate teachers; how you're going to sight and keep those teachers; how you're going to ensure that the schools are accountable. And if you do those things, we're going to give you a small bit of additional money. And it gives an inducement for every state and every college neighborhood to beginning seeking at what they're carrying out to see if they're using the most appropriate practices probable to teach our kids. So that's on the K by 12 level.
We moreover have to concentration on residents colleges, because that's -- it's not only enough to have kids getting great educations. We have to have adults who are all the time retraining. we mean, how many here -- how many folks here who are working at Gamesa took a few arrange of training category at a residents college that helped them along the way? Anybody? Look at that. Right?
So we've got a decent number of folks who, maybe you've got a vocation change; maybe your aged skills are a small outdated and you must be ascent them. Well, you've got to be able to moreover obtain a great education. So that's why we're putting more allowance into residents colleges together with four-year colleges. And what we've done is we've stretched the give programs, the Pell Grant, the tyro loan programs, so that more people can means to go to college without getting outrageous debt -- (applause) -- primarily if you're working and if you've already got a family, you can't means to be receiving out $50,000 worth of debt. So we wish to give you more help.
Now, this is a great place to only talk, again, about this bill debate, because you're going to be conference a lot about this. Righ! t right away we're debating final year's bill and we may have a supervision shutdown, and then we're going to have to debate next year's budget. All of us think that the supervision should live inside of its means. We all believe that. You do it in your families. Government should have to do the same thing. And there is a few waste products in government.
And so we've been slicing in a entire garland of areas, and we're consolidating a few agencies and earmarks that are not vital and we're seeking at the Pentagon -- how do we make our invulnerability spending smarter and better? And so we're going to be carrying out a lot of converging and cuts, but one thing we can't do is stop investing in education, in research, in infrastructure, in things similar to a chic grid. The are the things that are going to make us aggressive over the long term.
So if you see me getting in a few arguments in Washington, we wish you to be clear. Don't believe that someway the evidence is about either we should cut or not. I've already mentioned we've got to cut spending. we only wish to ensure we're slicing the correct things. Don't safeguard things we don't need and obtain absolved of things that we do. That's my simple attitude. (Applause.) All right. we have time for one more question, and I'll call on that young woman back there.
Q Mr. President, given that appetite effectiveness is the cleanest, safest, cheapest, and most labor-intensive appetite resource, what else -- what more can the sovereign supervision do that is income neutral to encouragement the growth of the appetite effectiveness industry?
THE PRESIDENT: Well, initial of all, we wish you to know that you are surely right. The initial thing we can do to improve our manage to buy and our mood at the same time -- and can obviously produce a lot of jobs -- is to make all we do more efficient. That's arrange of the low-hanging fruit. We use outrageous amounts of appetite because our buildings aren't well insulated, or the! lightin g that we use is old-fashioned, or the heating -- the HVAC systems, the heating and cooling systems, are inefficient. So what we've mentioned is, why not supply incentives to both businesses and homeowners to make your home or your business more appetite efficient, because you'll obtain the allowance back. It will pay for itself, because your physical phenomenon bills will go down.
But the only complaint is, a lot of folks, they need a small bit of allowance up front to obtain started. we mean, I'll gamble a lot of folks here -- any person not long ago reinsulated their residence or put in new windows or something? Gentleman correct here. And how long ago did you do it? A few months ago? Are you already saying a tumble in your physical phenomenon bill? You are, right?
So -- but you had those up-front expenses that you had to treat with. Right? And so the subject is, you may not have initially the couple thousand bucks out of slot to be able to do it. Now, this guy looks similar to he's flattering handy, so he might have done it himself, right? But we would have gotten a spike in my ride or something, because I'm challenged in those ways. So we might have had to sinecure somebody.
But the indicate even though is, is that that allowance up front -- if we can give you a taxation break to do it initially, you're going to obtain that allowance back. And if you're not somebody who can do it yourself, you're going to sinecure somebody. And that right away is formulating a job in a entire garland of new industries for people who are carrying out appetite efficiency.
So we already mentioned how we're perplexing to supply incentives for cleanser cars and more energy-efficient travel sectors. we think the next large dare are blurb buildings and homeowners, giving them incentives to make these investments. It's a win-win situation for everybody. (Applause.)
All right, well, listen, Gamesa, it was superb to be with all of you. I'm unapproachable of wha! t you're doing. As we mentioned before, only in closing, we've vanished by a really difficult couple of years. And I'm not going to guarantee station here that unexpectedly every singular dare we have is going to go away overnight. And if somebody promises you that, they're not revelation the truth.
Gas prices, they're going to still swing until we can beginning creation these broader changes. And that's going to take a couple of years to have major effect. Not everyone is going to be able to remodel or isolate their homes correct away. But bit by bit we can obtain more and more homes and more and more buildings carrying out it.
If we obtain a washed appetite standard, then Gamesa is going to have more customers. It's not going to immediately renovate the breeze industry, but it's going to make it that sufficient stronger. And I'll gamble that the leaders of your firm will beginning employing a few more people because there will be larger demand.
And day by day, week by week, year by year, we bit by bit make more and more progress. On education, we're not going to renovate all the schools overnight. Too many kids are going to be dropping out. Too many kids are going to be ranking too low on general standards on math and science. But if we improve those schools each year, then bit by bit but surely our entire workforce gets better.
We're not going to remove the debt that's built up overnight. But if each year we're creation great choices, we're investing in those things that we need, not investing in those things that we don't, then the debt will advance down. That's how growth is made.
In our own individual lives, either it's perplexing to erect a vocation or elevate your kids or getting exercise, it starts a step at a time. And then bit by bit you make progress. And then a year, two years, 5 years after that you look back and you said, you know what, I'm in an excellent source now. The country is the same way.
So we've got to ha! ve a pro phesy for how we're going to win the future. We've got to be persistent about it. We've got to be solid about it. But we have to moreover have confidence. America has always been able to make the changes that it needs to. And we have every bit of confidence we're going to be able to do that once again this time out. And we're going to do it partly since the great workers at places similar to Gamesa. So appreciate you really much, everybody. God magnify you. God magnify you. (Applause.) ####
Photos: Mandel Ngan / AFP / Getty (Obama and Al Sharpton acknowledge the New York City party crowd, April 6); Frank Franklin II / Associated Press (Sharpton with the presidential seal warms up the New York throng for Obama); Larry Downing / Reuters (Obama campaigns amid a throng of admirers in Philadelphia, April 6); William Thomas Cain / Getty Images (Obama campaigns in Philadelphia locale gymnasium crowd, April 6); Mandel Ngan / AFP / Getty Images (Obama talks appetite to a Philadelphia crowd, April 6); Pablo Martinez Monsivais / Associated Press (Obama leaves Air Force One in Philadelphia, April 6); Mandel Ngan / AFP / Getty Images (Obama chats up film creator Spike Lee at a New York banquet, April 6).
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