Fw: WH travel pool report #1 w speech excerpts

----- Original Message -----
From: Lesley Clark [mailto:xxx@email.com]
Sent: Thursday, March 26, 2015 01:16 PM
To: Velz, Peter
Subject: WH travel pool report #1 w speech excerpts

POTUS arrived on Marine 1 at 1:10 pm
He gave a wave and smile as he boarded the plane

At 1:14 pm, AF1 is rolling toward take off for Birmingham, Ala. Flight
is less than 2 hours and gaggle is expected on board.
Spotted walking toward AF1 before POTUS arrived was Rep. Terri Sewell,
D-Ala., who is on board for the flight.

WH sends along these excerpts from Obama's speech:

"America does better when the middle class does better.  Our economy
grows best not from the top-down, but from the middle class-out.
That’s why I’m pushing for middle-class economics – the idea that this
country does best when everyone gets their fair shot, everyone does
their fair share, and everyone plays by the same set of rules.  We
don’t just want everyone to share in America’s success – we want
everyone to contribute to our success.

But last week, Republicans in Congress unveiled a budget that
represents the opposite of middle-class economics.  It would hand out
big new tax cuts for millionaires and billionaires in America.  It
would let taxes go up for students and working families.  It would cut
investments in education to their lowest levels since 2000.  It would
double the number of Americans without health insurance.  It begs the
question:  what problems are they actually trying to solve?

Now, before the ink was even dry on their budget full of tax cuts for
folks at the top, they rolled out their next economic plan – wait for
it – another huge tax cut for folks at the top.  This one would cost
$250 billion, and it would apply only to the top one-tenth of the top
one percent of Americans.  In Alabama, their new tax cut averaging $2
million per person would apply to less than 50 people per year.  Not
less than 50,000.  Less than 50.  In what world do you put out a
budget, then say “You know what we forgot?  Another deficit-busting
tax cut for the top one-tenth of the top one percent of Americans!”

I don’t think our top economic priority should be helping a tiny
number of Americans who are already doing extraordinarily well, and
asking everybody else to foot the bill.  I think our top priority
should be helping everybody who works hard get ahead.

The Consumer Financial Protection Bureau hasn’t been around long, but
already they’ve put over $5 billion back in the pockets of more than
15 million families.  And today, they’re taking new steps towards
cracking down on some of the most abusive practices involving payday

Payday loans can seem like easy money at first, but the average
borrower ends up spending about 200 days out of the year in debt.   If
they take out a $500 loan at the typical rates, they wind up paying
more than $1000 in interest and fees.

Today, the CFPB announced that it’s taking an important first step
towards protecting consumers from getting stuck in these cycles of
debt.  The idea is pretty common sense: if you lend out money, you
should first make sure that the borrower can afford to pay it back.
As Americans, we believe there’s nothing wrong with making a profit.
But if you’re making that profit by trapping hard-working Americans in
a vicious cycle of debt, then you need to find a new way of doing

This is just one more way America’s new consumer watchdog is making
sure more of your paycheck stays in your pocket.  It’s one more way
Wall Street reform is protecting working families and taxpayers.  And
it’s one more reason it makes no sense that the Republican budget
would make it harder for the CFPB to do its job, and allow Wall Street
to go back to the kind of recklessness that led to the crisis in the
first place.  If Republicans in Congress..."

Lesley Clark
White House Correspondent
McClatchy Newspapers

Lesley Clark
White House Correspondent
McClatchy Newspapers

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