General Motors committed likewise to invest billions of dollars in its American manufacturing operation, keeping many jobs here that were going to leave. And if I didn't get elected, believe me, they would have left, and these jobs and these things that I am announcing would never have come here.
We're investing billions of dollars in housing, in home care on the medical side. We're investing billions of dollars in public transit that is not just creating good jobs now but is going to help people get to and from their good jobs in more reliable ways.
Mitt Romney has a history of being a great job creator. Secondly, he was a great governor. He went from billions of dollars in the hole when he became governor to billions of dollars in surplus when he left. And he went from the loss of tens of thousands jobs when he became governor to the creation of 40,000 new jobs when he left office.
I am going to bring back infrastructure jobs, advanced manufacturing jobs, clean renewable energy jobs, innovation, technology, small business.
Let me tell you the story about Massachusetts under Governor Romney. It did fall to 47th out of 50 in jobs creation. Wages went down when they were going up in the rest of the country. He left his successor with debt and a deficit, and manufacturing jobs left that state at twice the rate as the rest of the country.
Jobs have already started to surge. Since my election, Ford announced it will abandon its plans to build a new factory in Mexico and will instead invest $700 million in Michigan, creating many, many jobs. Fiat/Chrysler announced it will invest $1 billion in Ohio and Michigan creating 2,000 American jobs.
And you know, we have an African-American president, and you would have thought that he would have done a much better job for African-American citizens of this country. And he hasn't. And I will because I'm going to bring back jobs from China. I'm going to bring back jobs from Mexico and so many other places that are just ripping this country apart.
I cannot for the life of me understand why the American market keeps going up. Our economy has some real challenges. The infrastructure's falling apart. We're destroying jobs with technology. We are keeping the best and the brightest from around the world from coming to America to create new jobs and create new businesses. All of those things would give you pause to worry about the future.
Our thinking behind these agreements is that we want all jobs in General Motors to be good jobs.
Home Star is a common sense idea that would create jobs and provide a boost to local economies, while helping families afford their energy bills. By encouraging homeowners to invest in energy efficiency retrofits, Home Star would create 170,000 manufacturing and construction jobs that could not be outsourced to China.
I think it would help tremendously to have a senator that knows where jobs come from, that knows how to create them, that knows how to bring them back and, importantly, knows what it means to manage billions of dollars' worth of expenses and cut billions of dollars' worth of expenses.
The reality is if something were to happen that cost China jobs - like, if they upwardly revalued the currency a lot - those jobs aren't going to come back to the U.S. They would go to Vietnam; they would go to Thailand. They would go to whatever country was the lowest cost.
First thing we're going to do with the benefits of tax reform is we're going to invest in innovation. We're going to invest in capital, new product lines. It's going to create more manufacturing jobs and our shareholders are going to benefit, too. We're going to improve dividends, share repurchase.
I really think you get the jobs you're supposed to get. And don't stress over the jobs that you don't. That would have saved me so many tears and so much frustration.
I want us to invest in your future. That means jobs in infrastructure, in advanced manufacturing, innovation and technology, clean, renewable energy, and small business, because most of the new jobs will come from small business.
I have often asked myself if I would have worked as hard if I was as ill as Steve Jobs. My answer is that my wife most likely would not have let me work, and I would have stayed home. But I am not Steve Jobs.
Offshoring manufacturing jobs left Americans with fewer high-value-added, well-paid jobs, and the U.S. middle class downsized. Ladders of upward mobility were taken down. Income and wealth distributions worsened.