A Quote by Paul Ryan
We have a plan for a stronger middle class, with the goal of generating 12 million new jobs over the next four years.
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Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.
Well, I think that there's a clear record, I worked with Ronald Reagan in the early '80s and his recovery program translated into today's population of about 25 million new jobs in a seven-year period. As Speaker of the House, I worked with President Clinton and he followed with a very similar plan. And we ended up with about 11 million new jobs in a four-year period.
If we can get to that 3 percent grow, it is $2 trillion to $2.5 trillion worth of more government revenues. It's 12 million additional jobs. And those are 12 million jobs paying into Medicare, 12 million jobs paying into Social Security. Growth really is what's driving all of this and growth is what our focus is, which is why we're willing to accept increased short-term deficits in exchange for that long-term payoff.
Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America's middle class.
We're the highest taxed nation in the world. Our middle class is just reeling from the taxes. And you know, if you think about it, the middle class and the workers of this country, who really built the country, they haven't had a raise in 12 years. They're making less now actually - to be even worse about it, they're making less now than they did 12 years ago.
Independent experts have looked at what I've proposed and looked at what Donald's [Trump] proposed, and basically they've said this, that if his tax plan, which would blow up the debt by over $5 trillion and would in some instances disadvantage middle-class families compared to the wealthy, were to go into effect, we would lose 3.5 million jobs and maybe have another recession.
The person who takes the oath of office in the next four months will shape not just the next four years, but the next forty years of our nation. In these next four years, we need proven leadership, proven judgment and proven values. America needs four more years of President Barack Obama.
You know, our country's being ripped apart. And let me tell you, this is largely an economic issue, too. You know that workers, hard-working people, middle class people, haven't had a salary increase effectively in 12 years, all right? So for 12 years, they're making less now in many cases than they made 12 years ago.
Shipping middle-class jobs to China, or hollowing them out with machines, is a win for smart managers and their shareholders. We call the result higher productivity. But, looked at through the lens of middle-class jobs, it is a loss.
With 1.7 million private sector jobs lost and half a million jobs shipped overseas over the past three years, we must take action to spur job creation and restore economic prosperity.
Wes Clark put forward a middle-class tax plan, but it only helps a quarter of middle-class families, none without minor children at home. And mine helps 98 percent of the middle class.
There won't be some overnight miracle cure. But the measures I take will be sustainable. Our goal is to cease food imports within four years. This will create a minimum of 2 million jobs in agriculture.
My plan is based on growing the economy, giving middle-class families many more opportunities. I want us to have the biggest jobs program since World War II, jobs in infrastructure and advanced manufacturing.
We don't actually plan to launch new businesses over the next few years, but we are planning to take the ones we have into new territories.
As president, I will create 12 million new jobs.
Astonishingly, American taxpayers now will be forced to finance a multi-billion dollar jobs program in Iraq. Suddenly the war is about jobs. We export our manufacturing jobs to Asia, and now we plan to export our welfare jobs to Iraq, all at the expense of the poor and the middle class here at home.
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