tv President Biden on August Jobs Report CSPAN September 4, 2021 12:05am-12:29am EDT
hispanic, everyone. america is a great country. we need to fight for. >> live on sunday, -- is our guest on in debt. the most recent book is "like i for america -- eye for america." join the conversation. live sunday at noon eastern on in debt on book tv. >> the labor department released the latest job support sowing and employment rate at 5.2% and 235,000 jobs added. up next, president biden delivers remarks on the latest numbers, acknowledging the jobs report was lower than expected. from the white house, this is 20 minutes.
look, as we head into labor day weekend, we have more evidence of the progress of the economic -- of the economy from last year's economic calamity. today we found out we created 235,000 new jobs in august. unemployment is at the lowest it's been in 18 months. despite the impact of the delta variant, what we are seeing is an economic recovery that is durable and strong. the plan is working. we are getting results. america is on the move. this report means that we have been adding an average of 750,000 jobs per month on average during the past three months. in the two months before i became president, we are adding 60,000 jobs a month.
total job creation is nearly double any prior first-year president. what we have seen this year is the continued growth month after month with job creation. it is not just that i have added more jobs in the first year any first-year president is that we have added jobs every single one of my first seven job reports. wages are going up. some months there are fewer, some months there are more. always adding jobs. this is the kind of growth that makes our economy stronger and consistent progress that is not boom or bust. our economy grew in the first half of the year at the fastest rate in about 40 years. we are the only developed country in the world, i will say
that again we are the only , developed country in the world whose economy is now bigger than it was before the pandemic. the groundwork we laid with the american rescue plan, and our vaccination program we are , seeing an economy and job market that's dealing with the ups and downs of the delta variant. we have a lot more work to do. but the facts speak for , themselves. think of where this country stood on the day i was sworn in as president. compare it to where we are today. the number of people filing unemployment claims is down 57%. down 57%. child poverty is down 50%. we are no longer seeing long lines of people waiting for a box of food to be put in their trunk after waiting for hours. sometimes after two hours. the unemployment rate is going
down i believe it is going to , continue to go down. last week's gallup poll found that 72% of americans think that now is a good time to find quality jobs. this time last year, that number was 30%. that is the mark of an economy where regular people could see a place for themselves in the economy. throughout the holiday we celebrate this weekend, labor day, it is honoring the american work, the economic strategy, that's what it's all about as well. it is about building our economy from the bottom up. providing some extra breathing room. my dad would say just a little breathing room. creating an environment where our employers have to compete for workers by providing higher wages and better benefits. that is what is happening. wages are up, especially for
working-class americans. even so, even with the progress we have made, we are not where we need to be. there are two critical tasks to take the next steps in our recovery. the first, we need to make more progress in fighting the delta variant of covid-19. this is a continued pandemic of the unvaccinated. since becoming president, i have ramped up testing, security and -- secured enough vaccine for every single american. and gotten 100 and 75 million americans fully vaccinated -- 100 75 million americans fully vaccinated. -- 175 million americans fully vaccinated. still, too many have not gotten vaccinated. it is creating a lot of money -- the steps we have taken makes growing jobs even in the face of this growing delta surge.
it is different from the way things were last winter. there is no question the delta variant is why today's jobs report isn't stronger. i know people were looking for a higher number. next week, i will lay out the next steps that we will need to combat the delta variant for some of those fears and concerns. i want to talk about how to further protect our schools, business, economies, and families from the threat. as we continue to fight the delta variant, the american rescue plan continues to support families, businesses, and communities. even with some of the benefits that were provided are set to expire next week, states could extend those benefits and the federal resources from the rescue plan to do so. not with taxes, but they have
the federal money to be able to do that. states continue to have access to a wide range of support. like help for schools that are reopening, help with childcare, to make them available. affordable. other resources to help our economy get back to normal. the measures we have taken so far have brought america out of an economic freefall. steadied us and enabled us to grow our economy as we continue to combat covid. we are adding jobs, not losing them. the fight against covid today is far different from the fight we were waging last winter. the second thing that has to happen is congress finishing the job of passing my economic agenda so we can keep up the historic momentum we have been building these last seven months. it is about investing in america's future. not about short-term stimulus. that is not what we are talking about.
it is a long-term prosperity we are talking about. about lowering the cost of living for families. creating millions of good paying jobs for hard-working americans. it is about reducing bottlenecks in our economy. reducing the long-term price pressures. it is about helping more people to work by helping ease the burden parents bear, especially mothers in the job market. both the senate and the house have taken important steps forward to pass my bipartisan infrastructure plan. this bill is going to end years of gridlock. we always had the whole notion. every week would be infrastructure week. both literally and figuratively, it is going to change things on our streets, across the country. figuratively, as it relates to washington. we will create millions of good paying jobs. we will ease inflationary pressure.
allow us to win the competition of the 21st century in a global economy where the competition becomes more intense. it is historic investment in roads and rail, in transit and bridges, clean energy and clean water. in broadband. it is going to modernize our energy grid. look what is happening across the country now in terms of the energy. make our roads and highways safer. make us more resilient from extreme weather. we are seeing it in sony parts of the country. -- in so many parts of the country. look, this is about good paying jobs. ordinary people. blue-collar workers. not $15 an hour, $20 an hour, or $30 an hour. for the carpenters, plumbers, electrical workers, so many other americans. 90% of the jobs were created won't require college trees.
they will transform the lives of millions of people. they will propel us into the future. just as they did when we built the transcontinental railroad. when we electrified the country. look, at the same time the house and senate have to advance the build back better agenda. the bill contains critical investments in job cares to make it easier for families to be able to go to work. and assure their child is being taken care of. home care for seniors, the data has shows, in your generation, your greatest concern is caring for an elderly parent. even more than your child. it is about paid leave. allowing people with a new child or a sick spouse at home to take care of them without risking losing their paycheck, not indefinitely but for a time period that could make a difference.
universal pre-k and community college. increasing our competitive edge globally, around the world, over time. we will combat climate change. by building our clean energy future. building windmills all the way around the country. transferring that energy. transmitting parts that don't have that capacity. we will bring down the cost of prescription drugs by allowing medicare to negotiate drug prices with producers. so much more. here's the thing you need to know, we will deliver these by not raising taxes one cent on anyone making less than $400,000 a year. how are we going to do that? we will do that by leveling the playing field. by just having a fair system, we ask the largest corporation to begin to pay their fair share. not more.
they can still make millions of dollars. the super wealthy can still have three homes, it will not impact anything. it is about time they begin paying their fair share. for example, you heard me say before, it was the best example to make clear to people a very complicated notion. 55 of the largest corporations last year paid zero in federal taxes. i do not care what your position is, it seems to me it is about time they pay their fair share, like everybody else. just pay a little bit here. it comes out to billions of dollars if they pay. the irony of ironies was during the recession of the pandemic, you heard me say this before, the vast majority of americans are struggling to hang on. the number of billionaires actually grew.
[laughs] i want to hold here. there been so many records the stock market has hit under my presidency, imagine if the other guy was here? it is wonderful, the stock market is surging. that doesn't mean that it is best for the economy. look the stock market has set 40 , record highs just this year. they could afford to pay a little bit more. folks, right now the house and senate are working on my plan to generate a fair tax system that includes loopholes that the super wealthy used to pay less. to give you one example. there's a group of experts left, right, and center who estimate that right now we lose more than $100 billion a year in tax revenue owed from the top 1% of taxpayers alone.
not because of low tax rates but because the wealthy people aren't paying the taxes they owe. we are going to change that. they will pay taxes just like typical hard-working americans do now. we will use the money we collect from the tax cuts -- to give tax cuts to middle-class families. make it easier to raise kids, take care of aging parents, so much more. what is going on in congress? not a single republican support s this plan. not one. some big corporations are spending millions of dollars to try to escape their obligations. forcing working families to pay a larger share of the burden. somebody has to pay. when those who could afford to
pay are not paying near their fair share, you all have to pay more. this has worked in the past with significant lobbying efforts. i don't think it will work with me. those big corporations that don't want things to change, my message is this. it is time for working families, the folks who build this country to have their taxes cut. those corporate interests doing everything they can to find allies in congress to keep that from happening. let me make it clear. i will take them on. we will pass these measures. we will build the economy from the bottom up. not from the top down. when corporations and the wealthy start to pay their fair share, it will put millions of
people -- working jobs will help them punch their ticket to the middle-class and stay in the middle class. everyone will do better including corporate america. just think about it. throughout our history, when the middle-class is as well has there ever been a time the wealthy doesn't do well? i can't think of one. our country needs these investments. i am not asking anything other than that there be some fairness injected into the system. like i said, hold here, the fact is the very wealthy will still have three homes or four homes. it will not change what schools they could send their kids to. it will not change their standard of living. just pay a fair share. corporate america will continue to do very well. i have seen no evidence that suggests that it will cost jobs or -- and now we need congress to finish the job.
come through for the american people to ensure that the american economy continues to gain strength and stability as we move forward. finally, the third thing we need to do, all of us, is to stick together. we have to put ourselves on track to accomplish extraordinary things. a strong, inclusive, historic, economic growth. landmark investments to create more good jobs and breathing room for millions of families. a giant steps forward in the fight against climate change. a crisis made more evident than ever than the death and destruction of extreme weather caused these past few days. my agenda i believe is one that every american could understand and get behind. because of the work we have all put in. not just here in washington, but communities across the nation. every one of those goals is now in our reach.
coming together has always been a part of the dna of americans. if we could summon that instinct within us to unite as one people, one nation, there is nothing beyond our capacity. let's keep going. let a stick together. -- let's stick together. let's remember who we are. you have heard me say time and again we are the united states of america. the rest of the world looking to us because we are the most prosperous nation in the world. we are growing. there is a fairness to what we are doing. a fairness. we will still have millionaires, billionaires, corporations, ceos that make a lot of money. everybody has to start paying their fair share, thank you very much. reporter: what would be your message to women in texas and what would your administration
do to protect abortion rights? on a federal level? president biden: i'm late for going down, i will talk about these things from louisiana. i have been and continue to be a strong supporter of roe v. wade. number one. the most pernicious thing about the texas law, it sort of creates a vigilante system where people get rewards to go out and -- i know this sounds ridiculous, almost un-american what we are talking about. i respect people who don't support roe v. wade. i respect their views. i respect those who believe that life begins in a moment of conception, i respect that, i don't agree but i respect that.
i will not impose that on people. what i was told is i am not certain. i was told there are possibilities within the existing law to have the justice department look and see to limit -- and see whether there are things that can be done to limit the independent individuals and state law. i do not know enough to give you an answer. i have asked that to be checked. thank you all very much. [captions copyright national cable satellite corp. 2021] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> this year marks the 20th anniversary of the september 11 attacks. join us for live coverage from new york, the pentagon, and
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