Thanks to the grit and resilience and determination of the American people, we’ve begun to clear away the rubble from the financial crisis. A strong economy starts with a strong middle class. But for too long, increasing inequality and decreasing economic mobility have posed a fundamental threat to the basic bargain of America—that if you work hard and play by the rules, you can build a better life for you and your family. That’s why we need to preserve the American Dream by ensuring every American has access to good-paying jobs, the opportunity to own a home, and a quality education.
We need an economy that is built to last, where everyone who is willing to work hard is able to find a good job that provides economic security. The U.S. economy continues to recover from the worst economic crisis since the Great Depression—under President Obama, we’ve now seen nearly four straight years of job growth, adding in more than 8 million private sector jobs. Small businesses are the engine of that job growth, and essential to the continued economic recovery.
AFFORDABLE HEALTH CARE
Nobody should go broke just because they get sick. Health insurance is key to financial security, and the Affordable Care Act gives millions of hard-working, middle class families access to affordable health insurance—many for the first time. Health reform also helps our nation’s bottom-line. According to the Congressional Budget Office, the Affordable Care Act will reduce the federal deficit by $127 billion in this decade.
Few issues have a greater economic impact than immigration reform. The bipartisan bill passed by the Senate would create more than
- 3.2 million new jobs
- reduce the deficit by $800 billion over the next two decades
Every day the House of Representatives fails to pass comprehensive reform, our economy loses another $37 million.