THE PRESIDENT: Hello, everybody! (Applause.) Can
everybody please give Lisbeth a biground of applause? That was
a great introduction. (Applause.)
Happy Halloween, everybody. I see a lot of you came as
college students. (Applause.)
AUDIENCE MEMBER: We love you!
THE PRESIDENT: I love you, too. Those of you who have seats,
feel free to sit down. Those ofyou who don’t, don’t. (Laughter.)
I am not going to be too long. I’ve got to get back and trick-or-treat tonight with Michelle. Although, Malia and Sasha are a little
old --
AUDIENCE: Aww --
THE PRESIDENT: It’s so sad. (Laughter.) I used to be able to
-- we’d dress them up, and westill have the pictures. They’ll
resent them later, but at the time they were fine with it. Theywere
so cute.
A good thing about being President is we never run out of
Presidential M&Ms -- (laughter) -- so we’re going to be giving
those out.
AUDIENCE: (Inaudible.) (Laughter.)
THE PRESIDENT: You want some? Is that what you said? Only
to kids. (Laughter.)
We’re so proud of Lisbeth, not just for the wonderful
introduction but for being so determinedabout her education.
And she’s a really remarkable young lady. I had a chance to
speak to herbefore we came out. It turns out she went to school
with my niece and nephew --
AUDIENCE MEMBER: Classical!
THE PRESIDENT: That’s right. At Classical, is that right? So
that was neat.
I have also brought some Halloween characters with me: Our
Secretary of Labor, Tom Perez. (Applause.) They are all dressed up
as really outstanding public servants. (Laughter.) AndTom has just
been doing extraordinary work. His lovely daughter is there,
who’s a freshman atBrown. Your great senators, Jack Reed and
Sheldon Whitehouse. (Applause.) Your outstandingCongressman,
David Cicilline, is here. (Applause.) Jim Langevin is here.
(Applause.) And we’reproud of both of them.
But despite how much I love all the folks I just mentioned,
the people I really came to see isyou. (Applause.) Because every
decision I make every single day -- all the policies I pursue
asPresident -- are all aimed at making sure we restore the
promise of this country for yourgeneration and for every
generation that comes after.
Now, the good news is we’ve made a lot of progress since
the worst economic crisis of ourlifetimes. So when I first came
into office, the economy was in a freefall, the auto industry wasin
a freefall. Banks were frozen up. We were losing 800,000 jobs a
month. Over the past 55months, our businesses have now added
10.3 million new jobs. (Applause.) For the first time inmore than
six years, the unemployment rate is below 6 percent. Over the
past six months,our economy has grown at its fastest pace in
more than 10 years.
And in education, dropout rates are down, the national
graduation rate is the highest on record,more young people are
earning their college degrees than ever before. (Applause.) Good
job,young people.
In energy, we’re less dependent on foreign oil than any time
in nearly three cturing -- the quintessential
producer of middle-class jobs, the heart of Rhode
Island’seconomy for decades -- manufacturing has now created
700,000 new jobs since early 2019. Tenmillion Americans have
gained the peace of mind that comes with having health
insurance. (Applause.)
AUDIENCE MEMBER: Thank you!
THE PRESIDENT: You’re welcome.
Deficits have come down. Health care inflation has come
down. There’s almost no economicmeasure by which we
haven’t made substantial progress over this period of time.
We’rebetter off than we were. (Applause.)
So, look, the progress has been hard. It’s sometimes been
challenging in particular it’s been steady and it’s
been real. Now, the thing is, though, what’s also true is
thatmillions of Americans don’t yet feel the benefits of a
growing economy where it matters most --and that’s in their
own lives. There are still a lot of folks who are working hard, but
havingtrouble making ends meet.
I know that many of you are working while you go to school.
Some of you are helping supportyour parents or siblings. Here in
Rhode Island, and across the country, there are still too
manypeople who are working too many hours and don’t have
enough to show for it. And this isn’tjust the hangover from the
Great Recession; some of this has to do with trends that date
back20, 30 years. And I’ve always said that recovering from the
crisis of 2019 was the first thing wehad to do, but our economy
won’t be healthy until we reverse some of these longer-termtrends, this erosion of middle-class jobs and income.
And here in Rhode Island, my administration recently
announced a grant to help more long-term unemployed folks get
the training and mentoring they need to get back to work.
(Applause.) And all across the country, we’re taking similar
actions, community bycommunity, to keep making progress.
We’ve got to harness the momentum that we’re seeing in
the broader economy and makesure the economy is working for
every single American. We’ve got to keep making smartchoices.
And today, here at RIC, I want to focus on some common-sense
steps we can take tohelp working families right now. In particular,
I want to zero in on the choices we need tomake to ensure that
women are full and equal participants in the economy. (Applause.)
Now, men, I don’t want you to feel neglected. I like men
just fine. (Laughter.) But part of thereason that I want this focus
is because I was raised by a single mom, and know what it was
likefor her to raise two kids and go to work at the same time, and
try to piece things togetherwithout a lot of support. And my
grandmother, who never graduated from college but workedher
way up to become vice president of a bank, I know what it was
like for her to hit the glassceiling, and to see herself passed over
for promotions by people that she had trained. And sosome of
this is personal, but some of it is also what we know about our
economy, which is it’schanging in profound ways, and in many
ways for the better because of the participation ofwomen more
fully in our economy.
So earlier today, I met with a group of women business
owners and working moms, and Lisbethand your president here,
and they were sharing stories that probably sound familiar to a
lot ofpeople -- studying for finals after working a full shift;
searching for childcare when thebabysitter cancels at the last
minute; using every penny of their savings so they can afford
tostay home with their new baby.
And so I kept on hearing my own story. I kept on hearing
about my mom struggling to putherself through school, or my
grandmother hitting that glass ceiling. And I thought
aboutMichelle, and I told some stories about when Michelle and
I were younger and getting starting,and we were struggling to
balance two careers while raising a family. And my job forced me
totravel a lot, which made it harder on Michelle, and we would
feel some of the guilt that somany people feel -- we’re working,
we’re thinking about the kids, we’re wondering
whetherwe’re bad parents, we’re wondering whether we were
doing what we need to do on the job. Andas the catch-22 of
working parents, we wanted to spend time with our kids, but we
also wantedto make sure that we gave them the opportunities
that our hard work was providing.
And then, of course, I think about my daughters. And the
idea that my daughters wouldn’thave the same opportunities
as somebody’s sons -- well, that’s unacceptable. That’s
notacceptable. (Applause.)
So I say all this because -- to the men here, we all have a
stake in choosing policies that helpwomen succeed. Women
make up about half of America’s workforce. (Applause.) For
more thantwo decades, women have earned over half of the
higher education degrees awarded in thiscountry. And you look
at the RIC student body, almost 70 percent women. (Applause.)
Incolleges nationwide, there are more women graduating than
men -- which means that for thefirst time, America’s highly
educated workforce will be made up of more women than men.
(Applause.)
But here’s the challenge -- that’s all good news -- the
challenge is, our economy and some ofthe laws and rules
governing our workplaces haven’t caught up with that reality. A
lot ofworkplaces haven’t caught up with that reality. So while
many women are working hard tosupport themselves and their
families, they’re still facing unfair choices, outdated
workplacepolicies. That holds them back, but it also holds all of
us back. We have to do better, becausewomen deserve better.
And, by the way, when women do well, everybody does well.
(Applause.)
So women deserve a day off to care for a sick child or sick
parent without running intohardship. And Rhode Island has got
the right idea. You’re one of just three states where paidfamily
leave is the law of the land. (Applause.) More states should
choose to follow your lead.
It was interesting talking to some of the small business
owners in the meeting. They weresaying how the Rhode Island
law actually helped them do a better job recruiting and
retainingoutstanding employees. And so that shows you
something -- that this is not just a nice thingto do; it’s good
policy. It’s good for business. It’s good for the economy.
(Applause.)
Without paid leave, when a baby arrives or an aging parent
needs help, workers have to makepainful decisions about
whether they can afford to be there when their families need
themmost. Many women can’t even get a paid day off to give
birth to their child. I mean, there are alot of companies that still
don’t provide maternity leave. Of course, dads should be there,
let’s make this happen for women and for men, and
make our economy stronger. (Applause.) We’ve got to broaden
our laws for family leave.
Moms and dads deserve a great place to drop their kids off
every day that doesn’t cost theman arm and a leg. We need
better childcare, daycare, early childhood education policies.
(Applause.) In many states, sending your child to daycare costs
more than sending them to apublic university.
AUDIENCE MEMBER: True!
THE PRESIDENT: True. (Laughter.) And too often, parents
have no choice but to put theirkids in cheaper daycare that
maybe doesn’t have the kinds of programming that makes a
bigdifference in a child’s development. And sometimes there
may just not be any slots, or the bestprograms may be too far
away. And sometimes, someone, usually mom, leaves the
workplace tostay home with the kids, which then leaves her
earning a lower wage for the rest of her life as aresult. And that’s
not a choice we want Americans to make.
So let’s make this happen. By the end of this decade, let’s
enroll 6 million children in high-quality preschool, and let’s
make sure that we are making America stronger. That is good
forfamilies; it’s also good for the children, because we know
investing in high-quality earlychildhood education makes all the
difference in the world, and those kids will do better. So weneed
family leave, we need better child care policies, and we need to
make sure that women getan honest day’s pay for an honest
day’s work. (Applause.)
About 28 million Americans would benefit if we raised the
minimum wage to $10.10 an hour -- (applause) -- like Sheldon
Whitehouse and Jack Reed support. And let me say this:
Minimumwage -- those aren’t just teenage jobs that are
impacted. We’re not just talking about youngpeople. My first
job was at Baskin Robbins. And I got paid the minimum wage and
it was g that hat and the apron was -- (laughter) --
yeah.
But the truth is, the average worker who would benefit from
an increase in the minimum wageis 35 years old -- 35. A majority
of low-wage workers are women. A lot of them have
now, somebody working full-time on the minimum wage makes
$14,500 a year -- $14,500. If they’re a parent, that means
they’re below the poverty line. Nobody who worksfull-time in
America should be below the poverty line. (Applause.) They
should not be raisingtheir kids below the poverty line. I am not
going to give up this fight. And we needRepublicans in Congress
to stop blocking a minimum wage increase and give America a
raise. (Applause.)
And if a woman is doing the same work as a man, she
deserves to get paid just like the mandoes. (Applause.) Even
though it’s 2019, there are women still earning less than men
for doingthe same work. And women of color face an even
greater wage gap. (Applause.) And at a timewhen women are the
primary breadwinners in more households than ever, that hurts
the wholefamily if they’re not getting paid fairly. Again, men, I
just want you to pay attention. WhenMichelle and I were starting
off, there were stretches of time where Michelle was making
moremoney than me, and I wanted to make sure she was making
every dime that she deserved. (Laughter.) Right? I don’t know
how I benefit by her getting paid less than a man. Right?
AUDIENCE: Right!
THE PRESIDENT: Okay! Men, I just want you to be clear.
(Laughter.)
And it starts with recent college graduates. Women often
start their careers with lower pay, andthen the gap grows over
time -- especially if they get passed over for promotions and then
theyget fewer raises, or they take time off to care for family
members. So you get a situation wherewomen are doing the
same work as men, but the structure, the expectations somehow
is, well,they’ll take time off for family, and once they take time
off that means that it’s okay to paythem a little bit less. And that
builds up over time.
And we’ve got to have a reversal of those kinds of policies
and that kind of mindset. We’ve gotto catch up to the 21st
century. We need to pass a fair pay law, make our economy
stronger. Itwill be good for America, and it will be good for our
families and good for our kids. (Applause.)
While we’re on the topic, women deserve to make their
own health care choices -- notpoliticians or insurance companies.
(Applause.) And that’s why the Affordable Care Act is
soimportant. (Applause.) Insurance plans -- because we passed
the Affordable Care Act,insurance plans now have to cover the
basics, including contraceptive care, and prenatal care,and
maternity care. (Applause.)
That means a working mom doesn’t have to put off the care
she needs just so she can pay herbills on time. Tens of millions of
women have new access to preventive care like
mammogramswith no co-pays, no out-of-pocket expenses.
(Applause.) It means that a cash-strapped studentdoesn’t have
to choose between the care that she needs and the cost of
textbooks. (Applause.)
And because of the Affordable Care Act, because of
Obamacare -- (applause) -- because of thatlaw, no insurance
company can deny you coverage based on a preexisting
condition like breastcancer, or charge you more for the same care
just because you’re a woman. (Applause.) That’sthe right thing
to do.
So no matter how many times Republicans threaten to repeal
this law, we’re going to keep itin place -- because it’s working.
(Applause.) Not only is it covering more people, not only is
itprotecting women and people with preexisting conditions from
discrimination, but it’s actuallybeen part of the trend that’s
lowering health care inflation. We’re actually saving
moneybecause the system is getting smarter and there’s more
preventive care instead of emergencycare, and we’re changing
how health care is delivered. (Applause.) Which is why I’m pretty
surethat in 10 years they’re not going to call it Obamacare
anymore. (Laughter.) Republicans will belike, oh, I was for that,
yes. (Laughter.) That’s how that works.
AUDIENCE MEMBER: We’ll remember.
THE PRESIDENT: You’ll remember though. You’ll remind
them. (Applause.)
Now, to really make sure that women are full and equal
participants in our economy, we can dosome of this
administratively. But it requires not just changing laws; it requires
changingattitudes. And more and more companies are changing
attitudes. And this is really good news.
JetBlue, for example, has a flexible work-from-home plan for
its customer service reps. They’vefound it’s led to happier,
more productive employees and lower costs. Google increased
paidleave for new parents -- moms and dads -- to five months -- five months -- and that helped cutthe rate of women leaving
the company by half. And when I was having a conversation
withsome of the women business owners before I came out here,
they were saying it’s really costlywhen you lose a good
employee and you’ve got to train somebody all over again. It’s
muchmore sensible from a business perspective to invest in them
and make them feel like you’vegot their backs, and they’ll stay
with you.
And it’s not just these big corporations that are embracing
these policies. So Cheryl Snead, whois the CEO of Banneker
Industries -- where’s Cheryl? She was here just a second. There
she isback there. So Banneker Industries, a supply chain
management firm, is based in NorthSmithfield. And when Cheryl
was in college, she studied mechanical engineering. At the
time,there weren’t that many African American women in
mechanical engineering. There stillaren’t. (Laughter.) We’re
working to change that.
Cheryl wants to do something about that. Her company has
made it a priority to find talentedyoung women and minority
students, encourage them to study science and math in
college,hire them once they graduate. (Applause.) And what
Cheryl was explaining was that having adiverse workforce, having
more women in the workforce, all that makes her a
strongercompany. And it’s not just good for the workers -- it’s
good for business.
So if large businesses like Google, small businesses like
Cheryl’s all see the wisdom of this, let’sjoin them. Let’s
encourage more women and more girls into fields like science
and technologyand engineering and math. And let’s work with
those companies to ensure that family-friendlypolicies can
support more women in that workforce. (Applause.)
Ann-Marie Harrington -- where is Ann? Ann-Marie is right
here. So Ann-Marie, she’s thepresident of a company called
Embolden, based in Pawtucket. And it provides web services
tocommunity foundations and non-profits. A small business --
about 20 employees; 21 I thinkshe said. She just hired somebody,
must have been. (Laughter.) But she lets them work fromhome
and keep a flexible schedule when they need to. And she says
that’s increased hercompany’s productivity.
So I’m taking a page from these companies’ playbooks.
This summer I directed the federalagencies in the executive
branch to put flexible workplace policies in wherever
possible;make it clear that all federal employees have the right to
request them. We want the besttalent to serve our country, and
that means making it a little bit easier for them to maintainthat
work-family balance.
But these are issues that are too important to hinge on
whether or not your boss isenlightened. We have to raise our
voices to demand that women get paid fairly. We’ve got toraise
our voices to make sure women can take time off to care for a
loved one, and that momsand dads can spend time with a new
baby. We’ve got to raise our voices to make sure that
ourwomen maintain and keep their own health care choices.
We’ve got to raise our voices tobasically do away with policies
and politicians that belong in a “Mad Men” episode. “Mad
Men”is a good show, but that’s not who we want making
decisions about our workplaces these women
succeed, America succeeds. And we need leaders who
understand that. That’swhat we need. (Applause.)
So if you care about these policies, you got to keep pushing
for them. This shouldn’t bepartisan. Republicans and
Democrats should be supportive of all these issues.
I was talking to Tom Perez; he had just come back from
Europe. He was talking to chambers ofcommerce and
conservative politicians. They were all supportive of family leave,
supportiveof childcare, because they understood it actually made
the economy more productive. Thisisn’t a liberal or
conservative agenda.
When I talk to women, like the ones I spoke to earlier, when
I hear folks’ stories from acrossthe country, and when I think
about my own mom and how she made it all work, or
mygrandmother, nobody is looking at these issues through
partisan lenses. We’re not Democratsfirst or Republicans first,
we are Americans first. And as Americans, it’s up to us to protect
andrestore the ideals that made this country great. (Applause.)
And that is, that in this country, no matter who you are, what
you look like, where you comefrom, whether you are male or you
are female -- here in America, you can make it if you ’s
the promise of America. That’s the future I’m going to fight
for. (Applause.) I want youto fight there with me.
Thank you, everybody. God bless you.
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