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Ihe foltor4{hg rs a lranscnpt ol /cnrner Fresrdenl 8i/l Cilrtlon's speech sf lhe Democratic fuailonal Convention on sepl" 5, 2812.
CLI[."ITON: Thank
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nant * l!,rant a man v,ilro beileves wiih no doubt th3t we can buitd a ne,{ Ameriean dream eccnomy, driven by innovatian and creatl'/iiy, by education and, yes, hy cooperation. And by the r,.ray, after last night, lwant a ;nan who hird the
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Democratic Party.
(APPLAUSE) Now, folks, in Tampa a few days ago, we heard a lot of talk... (LAUGHTER) ... all about how the president and the Democrats don't really believe in free enterprise and individual initiative, how we want everybody to be dependent on the government, how bad we are for the economy. This Republican narrative, this alternative universe says that... (APPLAUSE)
... every one of us in this room who amounts to anything,
TRENDING IN POLITICS
we're all completely self-made. One of the greatest chairmen the Democratic Party ever had, Bob Strauss, used to say that every politician wants every voter to believe he was born in a
log cabin he built himself. (LAUGHTER) But, as Strauss then admitted, it ain't so. (LAUGHTER)
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We Democrats, we think the country works better with a strong middle class, with real opportunities for poor folks to
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with business and government actually working together to promote growth and broadly shared prosperity. You see, we
believe that "We're all in this together" is a far better philosophy than "You're on your own." (APPLAUSE) So who's right? Well, since 1961 , for 52 years now, the Republicans have held the White House 28 years, the Democrats
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increase good jobs, and they create new wealth for all the rest
(APPLAUSE) Now, there's something I've noticed lately. You probably have, too. And it's
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actually never learned to hate them the way the far right that now controls their party seems to hate our president and a lot of other Democrats. (APPLAUSE)
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President Eisenhower sent federal troops to my home state to integrate Little Rock Central High School. President Eisenhower built the interstate highway system. When lwas a governor, I worked with President Reagan in his White House on the flrst
round of welfare reform and with President George H.W. Bush on
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Transcript of Bi! Clinton's speech at the DNC I Fox News national education goals. (APPLAUSE) l'm actually very grateful to
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tsunami, Hurricane Katrina, the horrible earthquake in Haiti. Through my foundation both in America and around the world, I'm working all the time with Democrats, Republicans, and independents. Sometimes lcouldn't tell you for the life who I'm working with because we focus on solving problems and seizing opportunities and not fighting all the time.
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tough and people are frustrated and angry and hurting and uncertain, the politics of constant conflict may be good, but
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what is good politics does not necessarily work in the real world. Whatworks in the real world is cooperation.
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working together to get it. (APPLAUSE) They didn't check their brains at the door. They didn't
them, we're compelled to spend our fleeting lives between those two extremes, knowing we're never going to be right all the time, and hopefully we're right more than twice a day.
(LAUGHTER) Unfortunately, the faction that now dominates the Republican Party doesn't see it that way. They think government is always the enemy, they're always right, and compromise is weakness. Just in the last couple of elections, they defeated two distinguished Republican senators because they dared to cooperate with Democrats on issues important to the future of the country, even national security. They beat a Republican congressman with almost 100 percent voting record on every conservative score because he said he realized he did not have to hate the president to disagree with
him. Boy, that was a non-starter, and they threw him out.
One of the main reasons we ought to re-elect President .
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Transcript of Bi[ Clinton's speech at the DNC I Fox News oversee the successful end of the war in lraq and the implementation of the Recovery Act. (APPLAUSE) And Joe Biden (APPLAUSE) Now -- now, he
Joe Biden did a great job with both. President Obama -- President Obama
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Now, wait a minute. I am -- lam very proud of her. I am proud of the job she and the national security team have done for America. (APPLAUSE)
I am grateful that they have worked together to make it safer and stronger to build a world with more partners and fewer
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record on national security is a tribute to his strength, to his judgment, and to his preference for incluslon and padnership over partisanship. We need more of it in Washington, D.C. (APPLAUSE)
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(APPLAUSE) Are you willing to work for it? (APPLAUSE)
Wait a minute. AUDIENCE: Four more years! Four more years! Four more yearsl Four more yearsl Four more years! CLINTON: ln Tampa... AUDIENCE: Four more years! Four more years! Four more
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(LAUGHTER)
ln Tampa, the Republican argument against the president's re- election was actually pretty simple, pretty snappy. lt went
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(LAUGHTER) And this is important. They convinced me they were honorable people who believe what they've said and they're going to keep every commitment they've made. We've just got to make sure the American people know what those commitments are. (APPLAUSE) Because -- because in order to look like an acceptable, reasonable, moderate alternative to Pres jdent Obama, they just didn't say very much about the ideas they've offered over the last two years. They couldn't, because they want to go back to the same, old policies that got us in trouble in the first place. They want to cut taxes for high-income Americans even more than President Bush did. Theywant to get rid ofthose pesky financial regulations designed to prevent another crash and prohibit federal bailouts. They want to actually increase defense spending over a decade $2 triilion more than the Pentagon has requested, without saying what they'll spend it on. And they want to make enormous cuts in the rest of budget, especially programs that help the middle class and poor children. As another president once said, there they go again. (APPLAUSE) Now, llike... (APPLAUSE)
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(APPLAUSE) Everybody (inaudible) when President Barack Obama took office, the economy was in freefall. ft had just shrunk 9 percent of GDP. We were losing 750,000 jobs a month. Are doing better than that
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CLINTON: The answer is yes. Now, look. Here's challenge he faces and the challenge all ofyou who support
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are beginning to lend again, and in a lot of places, housing prices have even began to pick up.
But too many people do not feel it
thing happen in 1994 and early'95. We could see that the policies were working, that the economy was growing, but most people didn't feel it yet. ThanKully, by 1996, the economy was roaring, everybody felt it, and we were halfway through the longest peacetime expansion in the history of the United States. But... (APPLAUSE)
... the difference this time is purely in the circumstances. President Obama started with a much weaker economy than I did. Listen to me now. No president, no president -- not me, not any of my predecessors -- no one could
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You will feel it. (APPLAUSE) Folks, whether the American people believe what ljust said or not may be the whole election. ljust want you to know that
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believe it because President Obama's approach embodies the values, the ideas, and the direction America has to take to build a 21st-centuryversion of theAmerican dream, a nation of shared opportunities, shared responsibilities, shared prosperity, a shared sense of community.
So let's getbacktothe story. ln 2010, as the president's recovery program kicked in, the job losses stopped
and things began to turn around. The Recovery Act saved or created millions of jobs and cut taxes
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And in the last 29 months, our economy has produced about 4.5 million private-sector jobs.
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blocked the president's job plan, costing the economy more than a million new.jobs. So here's another job score. President
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That's the first time manufacturing jobs have increased since the 1 990s.
(APPLAUSE) And I'll tell you something else. The auto industry restructuring worked. lt saved... (APPLAUSE)
It saved more than a million
Chrysler, and their dealerships, but in auto parts manufacturing all over the country. That's why even the automakers who weren't part ofthe deal supported it. They needed to save those parts suppliers, too. Like lsaid, we're all in this
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(APPLAUSE) So what's happened? There are now 250,000 more people working in the auto industry than on the day the companies were restructured. (APPLAUSE) So -- now, we all know thal Governor Romney opposed the plan to save G.M. and Chrysler. So here's another job score. Are you listening in Michigan and Ohio and across the country? (APPLAUSE) Here -- here's another job score. Obama: 250,000. Romney: zero.
AUDIENCE: Zero!
(APPLAUSE)
mostly because the people who apply for them don't yet have the required skills to do them. So even as we get Americans more jobs, we have to prepare more Americans for the new jobs that
are actually going to be created. The old economy is not coming back. We've got to build a new one and educate people to do those jobs. (APPLAUSE) The president and his education secretary have supported
community colleges and employers in working together to train people for jobs that are actually open in their communilies.
And even more important, after a decade in which exploding college costs have increased the dropout rate so much that the percentage of our young people with four-year college degrees has gone down so much that we have dropped to 16th in the world
in the percentage of young people with college degrees.
So the president's student loan reform is more important than ever. Here's what it does. Here's what it does. Here's
what it does.
(APPLAUSE)
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lowers the cost offederal student loans. And even more important, it gives clear. fixed. low percentaoe of their income for uD to 20 vears. (APPLAUSE)
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Now, what does this mean? What does this mean? Think of
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jobwithamodestincome,ateacher,apoliceofficer,ifthey
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won't have to turn those jobs down because they don't pay enough to repay the debt. Their debt obligation will be determined by
their salary. This will change the future for young don't know about you, but all these issues,
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know we're better off because President Obama made the decisions he did. Now, that brings me to heallh iare. (APPLAUSE) And the Republicans call it, derisively, "Obamacare." They say it's a government takeover, a disaster, and that if we'll just elect them, they'll repeal it. Well, are they right? AUDIENCE: No! CLINTON: Let's take a look at what's actually happened so far. First, individuals and businesses have already gotten more than $1 billion in refunds from insurance companies because the new law requires 80 percent to 85 percent of your prem ium to go to your health care, not profits or promotion. And... (APPLAUSE) The gains are even greater than that, because a bunch of
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Second, more than 3 million young people between 19 and 25 are insured for the flrst time because their parents' policies
(APPLAUSE) Third, millions plgeniors are receivinq preventive care,
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after going up at three times the rate of inflation for a decade, for the last two years, health care costs have been under 4 percent in both years for the first time in 50 years. So let me ask you something. Are we better off because President Obama fought for health care reform? You bet we are. (APPLAUSE) Now, there were two other attacks on the presldent in Tampa Ithink deserve an answer. First, both Governor Romney and Congressman Ryan attacked the president for allegedly "robbing Medicare" of $716 billion. That's the same attack they leveled against the Congress in 2010, and they got a lot of votes on it. But it's not true. Look, here's what really happened. You be thejudge. Here's what really happened. There were no cuts to benefits at all, none.
What the presldent did was to save money by taking the recommendations of a commission of professionals to cut
unwarranted subsidies to providers and insurance companies that were not making people healthier and were not necessary to get the providers to provide the service. (APPLAUSE)
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really important -- and to add eight years to the life of the Medicare trust fund so it is Solvent until 2024. So... (APPLAUSE)
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(APPLAUSE) You qot to qive one thing: lt takes some brass to attack a guy for doing what you did. (APPLAUSE) Now -- so -- wait a minute. (APPLAUSE) Now you're having a good time, but this is getting serious,
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repeal those savings and give the money back to the insurance company.
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He wants to go back to the old system, which means we'll
reopen the donut hole and force seniors to pay more for drugs, and we'il reduce the life of the Medicare trust fund by eight full years.
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So if he's elected, and if he does what he promised to do, Medicare will now go broke in 2016. Think about that. That
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don't know what those families are going to do. So I know what I'm going to do: I'm going to do everything I can to see that it doesn't happen. We can't let it happen. We can't. (APPLAUSE) Now, wait a minute. Let's look... AUDIENCE: Four more yearsl Four more years! Four more years!
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(LAUGHTER) They actually have charged aiid run ads saying that President Obama wants to weaken the work requirements in the welfare reform bill I signed that moved millions of people from welfare to work. Wait. You need to know, here's what happened. (LAUGHTER) Nobody ever tells you what really happened. Here's what happened. When some Republican governors asked if they could ha've waivers to try new ways to put people on welfare bbck to work, the Obama administration listened, because we all know it's hard for even people with good work histories to get jobs today, so moving folks from welfare to work is a real challenge. And the administration agreed to give waivers to those governors and others only ifthey had a credible plan to
increase employment by 20 percent and they could keep the waivers only if they did increase employment.
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for more work, not less. (APPLAUSE) So this is personal to me. We moved millions of people off welfare. lt was one of the ieasons that, in the eight years I
was president, we had 100 times as many people move out of poverty into the middle class than happened under the previous 12 years, 100 times as many. tt's a big deal.
(APPLAUSE) But Iam telling you, the claim that President Obama weakened welfare reform's work requirement is just not true. But they keep on running ads claiming it. You want to know why? Their campaign pollster said, "We are not going to let our campaign be dictated by faclcheckers.,' (LAUGHTER) (APPLAUSE) Now, finally I can say: That is true. (LAUGHTER) (APPLAUSE)
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(LAUGHTER) And I hope you and every American within the sound of my voice remembers it every time they see one of those ads, and it turns into an ad to re-elect Barack Obama and keep the
fundamental principles of personal empowerment and moving everybody who can get a job into work as soon as we can.
(APPLAUSE) Now let's talk about the debt. Today, interest rates .i low, Iower than the rate of inflation. People are practically paying us to borrow money, to hold their money for them. But it will become a big problem when the economy grows and interest rates start to rise. We've got to deal with this big long-term debt problem or it will deal with us. lt'll gobble up a bigger and bigger percentage of the federal budget we'd rather spend on education and health care and science and technology. tt
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Igasonable
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$2.5 trillion spending cuts, he raises a dollar in new revenues, 2.5to 1. And he has tight controls on future spending. That's the kind
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of balanced approach proposed by the Simpson-Bowles commission, a bipartisan comm ission. Now, lthink this plan is way better than Governor Romney's plan. First, the Romney plan fails the first test of fiscal responsibility: The numbers just don't add up. (LAUGHTER)
lmean, consider this. What would you do if you had this .'Oh, problem? Somebody says, we've got a big debt problem. We've got to reduce the debt." So what's the first thing he
says we're going to do? "Well, to reduce the debt, we're going to have another $5 trillion in tax cuts, heavily weighted to upper-income people. So we'll make the debt hole bigger before we start to get out of it."
Now, when you say, "What are you going to do about this $5 trillion you just added on?" They say, "Oh, we'll make it up by eliminating loopholes in the tax code." So then you ask, "Well,
which loopholes? And how much?" You know what they say?
me about that after the election." (LAUGHTER) I'm not making it up. That's their position. "See me about that after the election." Now, people ask me all the time how we got four surplus budgets in a row. What new ideas did we bring to Washington? always give a one-word answer: arithmetic. (APPLAUSE)
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reduction plan, the arithmetic tells us, no matter what they say, one of three things is aboutto happen. One, assuming they try to do what they say they'll do
eliminate so many deductions, like the ones for home morlgages and charitable giving, that middle- class families will see their tax bills go up an average of $2,000, while anybody who makes $3 million or more will see their tax bill go down $250,000.
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clean \ air, cleanwater,safefood,safeairtravel. They'llcutway I back on Pell grants, college loans, early childhood education, I I
obliterate the budget for the national parks, for ensuring child nutrition programs, all the programs that help to
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and biomedical research. That's what they'll do. They'll hurt the middie class and the poor and put the future on hold to give tax cuts to upper-income people who've been getting it along. Or, three, in spite of all the rhetoric, they'll just do what theyve been doing for more than 30 years. They'll go and cut the taxes way more than they cut spending, especially with that big defense increase, and they'll just explode the debt and weaken the economy, and they'll destroy the federal government's ability to help you by letting interest gobble up all your tax
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payments. Don't you ever forget, when you hear them talking about this, that Republican economic policies quadrupled the national debt before I took office, in the 12 years before I took office... (APPLAUSE) ... and doubled the debt in the eightyears after I left,
was a highly inconvenient thing for them in our debates that I was just a country boy from Arkansas and I came from a
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place where people still thought two and two was four. (APPLAUSE)
ft's arithmetic. We simply cannot afford to give the reins of government to someone who will double-down on trickle-down.
President Obama's plan cuts the debt, honors our values, brightens the future of our children, our families, and our nation. lt's a heck of a lot better. lt passes the arithmetic
want a winner-take- all, you're-on-your-own society, you should suppori the Republican ticket. But if you want a country of
shared opportunities and shared responsibility, a
we're-all-in{his-together society, you should vote for Barack Obama and Joe Biden.
(APPLAUSE)
lf you...
(APPLAUSE)
lf you want if you want America -- !f you want every American to vote and you think it is wrong to change voting
procedures... (APPLAUSE)
just to reduce the turnout of younger, poorer, minority, and disabled voters, you should support Barack Obama.
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(APPLAUSE) And if you think if you think the president was right to open the doors of American opportunity to all those young immigrants brought here when they were young so they can serve
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middle class is growing and poverty's declining, where the American dream is really alive and well again, and where the United States maintains its leadership as a force for peace and justice and prosperity in this highly competitive world, you have to vote for Barack Obama. (APPLAUSE) Look, ltove our country so much. And I know we're coming back. For more than 200 years, through every crisis, we've always come back. People have predicted our demise ever since George Washington was criticized for being a mediocre surveyor with a bad set of wooden, false teeth. And so far every single person that's bet against America has lost money, because we always come back. ,ww.foxnews.com lpoltrcslLoplog/05/transcript-bilFclinton-speech-at-dnc/
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SI-IARETHIS ARTICLE
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