The White HouseOffice of the Press SecretaryFor Immediate ReleaseJune 23, 2012
WEEKLY ADDRESS: Congress Must Act onTransportation Bill and Student Loans
In this week’s address, President Obama spoke about the urgent need
for Congress to act now on two common sense measures to help hardworking middle classfamilies. Unless Congress takes action in the next week, thousands of workers will be sent homefrom their jobs and millions of students will see their interest rates double. At a time whenhundreds of thousands of construction workers are eager to get back on the job, it makes nosense to let transportation funding run out. And at a time when a college education has neverbeen more important to finding a good job, it makes no sense to hit 7.4 million students with the
equivalent of a $1,000 tax. It’s not too late, but time is running out for Republicans and
Democrats to come together on these common sense measures to help our nation recover fromthe worst recession since the Great Depression.
Remarks of President Barack ObamaWeekly AddressWashington, DCJune 23, 2012
Over the past three years, we’ve been clawing our w
ay back from the worst economic crisis of our lifetimes. And we know it will take longer than any of us would like to fully recover all the jobs and savings that have been lost. But there are things we can do
to help putpeople back to work and make life a little easier for middle-class families.
For months, I’ve been pushing Congress to help us along by passing common
-sense policies thatwould make a difference. Democrats and Republicans have already done some important work together
ke passing a tax cut that’s allowing working Americans to keep more of their
paycheck every week. But Congress has refused to act on most of the other ideas in my jobsplan that economists say could put a million more Americans back to work.
There’s no e
xcuse for inaction. Right now, we are seven days away from thousands of American
workers having to walk off the job because Congress hasn’t passed a transportation bill.
We areeight days away from nearly seven and a half million students seeing their loan rates double
because Congress hasn’t acted to stop it.