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cal04

(41,505 posts)
Sat Jun 4, 2016, 06:26 AM Jun 2016

Weekly Address: Building on America’s Economic Recovery

Source: White House

In this week's address, the President discussed his return to Elkhart, Indiana, the first town he visited as President and one that was among the hardest-hit by the worst economic crisis of our lifetimes. Seven years later, unemployment in Elkhart has fallen from a high of nearly 20 percent to around four percent; more families are back on sturdy ground; more are covered by health insurance; and more students are graduating from high school.

Elkhart is symbolic of America’s recovery, and that progress is due to the sacrifices of hardworking Americans and a series of smart decisions the President made early in his presidency, such as rescuing the auto industry, helping families refinance their homes, and investing in job training, high-tech manufacturing, clean energy, and the infrastructure that creates good new jobs.

The President emphasized that we must continue to come together around common economic goals and push back against policies that protect powerful interests instead of working Americans. That’s the choice America will make this year, and the President believes the future will be brighter if this country works together to build on the progress this country has made in the months and years ahead.





Read more: https://www.whitehouse.gov/the-press-office/2016/06/04/weekly-address-building-americas-economic-recovery
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Weekly Address: Building on America’s Economic Recovery (Original Post) cal04 Jun 2016 OP
Come on out on the trail, Mr. President! Tell corporate America to get back in the game! Jitter65 Jun 2016 #1
K&R BumRushDaShow Jun 2016 #2
Did he mention CTS' "recovery"? seabeckind Jun 2016 #3
WHAT? FoxNews says Elkhart has been destroyed by Obama's economic policies. Midnight Writer Jun 2016 #4
 

Jitter65

(3,089 posts)
1. Come on out on the trail, Mr. President! Tell corporate America to get back in the game!
Sat Jun 4, 2016, 06:50 AM
Jun 2016

They have been sitting on the side lines long enough waiting for you to leave office. It's ok for them to come out and play now, you will not get the credit for the "booming economy" coming. The next President will. But we will remember how you rescued us from the 2008-2009 disaster that faced you when you entered office. And we will remember the GOP Congress and a few of their Democratic partners that sat and planned your demise as you were being sworn in. We won't forget. We promise you. It hasn't been a "perfect" ride for you but it has been a sincere, thoughtful, and relatively scandal free ride. Just think what it might have been had you had help that was equally as sincere and thoughtful.

BumRushDaShow

(128,527 posts)
2. K&R
Sat Jun 4, 2016, 07:15 AM
Jun 2016

It makes me sick to know the cycle of GOP destruction of this nation and Democrats left to clean up the mess. Add in national amnesia, and the GOP usually manages to wrest control once more, bent on exploitation for selfish gain until we are left in ruins. Wash. Rinse. Repeat. We need to break out of that cycle.

Thanks for the weekly posting!

seabeckind

(1,957 posts)
3. Did he mention CTS' "recovery"?
Sat Jun 4, 2016, 08:46 AM
Jun 2016
CTS Corp. shifting 200-plus jobs from Elkhart to low-wage countries

CTS said the production jobs will be phased out starting next year as part of corporate-wide “simplification strategy,” and that the existing facility will continue to be used as a research and development center to support the company’s global operations.

Employees who did not want to be named told The Truth that they received the news Friday from corporate managers of the Lisle, Ill.-based company. The workers said they were told manufacturing work would be shipped to low-wage countries such as Mexico, Taiwan and China.

...

Elsewhere in Indiana, United Technology Corp., parent company to Carrier Corp., announced in February that it was closing its Indianapolis and Huntington plants, laying off close to 2,100 employees. Carrier, a heating, ventilating and air-conditioning manufacturer, at the time said it was moving its operations to Mexico because of "ongoing cost and pricing pressures driven, in part, by new regulatory requirements", according to a statement.

http://www.elkharttruth.com/news/business/2016/06/03/CTS-Corp-closing-Elkhart-facility-shifting-jobs-to-Mexico.html


Another of those companies that started by people who had a passion for the product but were "absorbed" by investment houses that have a passion for profit?

Harvested.

Midnight Writer

(21,719 posts)
4. WHAT? FoxNews says Elkhart has been destroyed by Obama's economic policies.
Sun Jun 5, 2016, 01:17 AM
Jun 2016

They reported on the panel show Outnumbered that Elkhart's unemployment rate has sky rocketed and the local economy is devastated. All five panelists on the show agreed. One said that Obama's appearance there was "like spitting in the face" of the unemployed.

They seemed pretty outraged by this speech.

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