By GottaLaff

Liveblogging what I can. Wow, huge rock star screams and applause:
These are difficult, challenging times.
Irresponsibility left Americans struggling.
Joe and I took office in the middle of this raging storm. We took office because of [this]. We won't rest until we rebuild... till middle class has its legs underneath it again.
Nobody wants to help the banking sector, especially because they created this mess... but we had to.
Now markets have stabilized, the economy is growing again, the worst of the storm has passed, but the devastation remains.
Job creation has to be our #1 priority in 2010.
Refers to SOTU speech.... tax credits, 30 billion to small businesses, etc.
It's important to repave our roads, rebuild bridges, but we want to look deep into the 21st century: High speed rail... funded by Recovery Act.
I'm gonna come down here and ride it. [huge applause]
Tax breaks for companies that hire in U.S.
As we were sworn in, we lost hundreds of thousands of jobs, so before we could even put Recovery Act in place, we had lost jobs.
So we had to lay a new foundation, address middle class struggles. We didn't take office to take easy road... but to solve problems that had been nagging at us for decades. Solve them for next generation, get the tough stuff done.
I make no apology for trying to fix stuff that's hard. [been getting huge applause throughout speech]
The easiest way to keep poll numbers high is to say/do nothing that offends anybody. Just wave, smile... [laughter] The minute you actually start doing something, someone will disagree with you.
But that's what I promised! I said I wouldn't just tell you what you wanna hear, but what you NEED to hear. None of this is new. There's nothing that we didn't talk about during campaign!
We will now start fighting for your future, no matter how long it takes to get it done. [again, huge applause]
I have to mention, I love you in the media, but last week, I went to Ohio, saying what I said now. They got all worked up: Is he changing his message, getting more populist, a strategy to boost this that, the other, something new? I have to do a little rewind here about how we ran our grassroots campaign. I got some news of my own here, I've been fighting for people my entire life!
[HUGE applause... again]
I remember coming to Tampa 2 weeks before election, I said, quote, "Change never comes without a fight." That was true then, it's true now.
Fight for education, affordable college... So we proposed that grads should only pay 10% of income to pay back student loans... [applause, screams]... and...
We'll forgive debt after 20 years, but after 10 if you choose public service job... teacher, cop... we don't wanna discourage you from that because of the cost of college. Michelle and I have been there. Took 15 to pay mine off, 10 for Michelle.
Nobody should go broke if they wanna go to college. [HUGE APPLAUSE, SCREAMS]
Clean energy economy, solar, wind, cutting edge car batteries: Lead clean air revolution, then lead global economy. China, Germany want those jobs, going after them hard. We're not gonna stop fighting to give Americans fair shake.
First bill I signed was equal pay for equal work for women... Lily Ledbetter Act. [applause]
Men, you should've been standing up clapping for that because most families need 2 paychecks, not one, to get by.
I signed Credit Card Bill of Rights to protect you... fighting for tough consumer protection agency.
[applause] We need a strong financial sector... Many working in banks doing great service, but we need Wall St. rules so they don't take our economy over the side. That's common sense, nothing radical about that. BANKS should want it, creates stability.
And YES, we won't stop fighting for health care reform. [HUGE APPLAUSE, STANDING O] Fight big insurance. [listing the usual hcr policies] It's the right thing to do, and btw, if you're serious about REDUCING OUR DEFICIT/DEBT, you must reform health care system. How can you say you don't want gov't control and then fight hcr to reduce deficits? Those aren't my numbers.
We must rein in deficits. PayGo... Pay as you go. Simple. Sorta how you live. Start a new program? Then end an old one that pays for it. Cut taxes? You gotta fill the revenue. So it's honest accounting that's needed.
Health care: One more word... The longer it takes, the process, complicated.. the uglier it looked. Doesn't help when Big Insur spends $ against it... So you ask, what's in it for me? I take my share of blame for not explaining clearly. But it won't go away. I won't walk away from you, and Congress shouldn't either. I HOPE WE CAN GET SOME REPUBS TO JOIN DEMS WHO UNDERSTAND URGENCY OF THE PROBLEM. [huge applause]
On every issue, my door remains open to good ideas from both parties. I want the Rs working with us to solve problems. Not to score points. I DON'T want gridlock on issue after issue. Don't want attitude "if Obama loses we win". That can't be a platform. [applause] Even if we disagree, we should be rootin' for each other, solving problems... so that you lose I win may work short time, but not worthy of you, doesn't work for these times.
Overcome politics, do what is hard. We've come thru tough year, a new year is here... opportunities are here for the taking.
Everyone roll up your sleeves. Yes we can, we don't back down, we don't quit. I've never been more hopeful for our future. I am confident.
Q and A:
Q: Middle East... got people shouting... Israel question... (phone rang, missed some)
A: The M.E. is an issue that's plagued region for centuries. Israel is one of our strongest allies [applause]. A democracy... shares links w/ us in all sorts of ways. I will never waver from insuring their security, helping them do same. We're seeking a two state solution in which Israel and Pal's can live side by side in peace and security, but both sides will have to compromise.
First step: Pal's must renounce violence and accept Israel... Israel has to ... [phone, sorry]..
Q: High speed rail: When?
A: Biden should answer this. Generally: 1. Investing in infrastructure is twofer. Creates jobs immediately and lays foundation for vibrant econ. in future. But it's expensive. We're still repairing old stuff. Hoping to figure out ways to take some of politics out of it, meaning... a lot of decisions based on who has most powerful Congress member. Better to base more on what are the engineering plans to make project go fwd... Transparency... engineers, planners involved in process so we can get regional planning. 2. If we're investing in it, we must look fwd. not back. High speed rail is fast, smooth... why don't we have those? Partly because we're a big country, and we love our cars. We don't like gas prices, but love our cars. Even IF we have to increase prod. on oil and natural gas, because can't get clean energy up and running fast enough, but we must get started NOW decreasing our use. So, high speed rail allows us an option... take the train. Good for economy of region, plus lifestyle w/ less traffic. People get to work faster, less aggravated.
Biden: Think of highway system in '50s. Built where there was heavies traffic to get most use. So Transportation Dept. picked Orlando because you were most ready, most advanced. Same as CA, planned, ready to go. Both Repub governors, so not chosen for politics. Highest density, plus requests coming from states. We're also funding planning efforts. Plus a portion for taking RRs to go higher speed, which takes cars off highway. Taking existing corridors that will make a difference on congestion. We'll then build it out.
Obama: Biden has overseen Recov. Act. You have not seen scandal in this HUGE endeavor. You can go on WH website and look at every project that has been awarded a Recov. Act grant.
Q: My brothers are in and out of jail, drugs, and can't get jobs. So they go back to what they're used to... Is there anything to get them into the system to get hired, get self esteem up, so they don't go back to sell drugs? We need to teach them a trade.
A: Same patterns in rural and city areas. So, a couple of thing have to happen: 1. Make sure our very young children get a healthy start in life, get support to stay on a straight path of success in school. [applause] Single best anti-poverty program is (early) education. We get in trouble for trying to shake up lower performing schools. We can give them $, but that won't matter if we don't reform how they're learning... best teaching methods, parent involvement... It would have been easier to work w/ your brother had he had all this... [paraphrased] Folks w/ no jail record are looking for jobs, so it's harder for him. But... 2. If we can't break cycle, then we're just churning folks thru system. So, some Cong. people have promoted Second Chance Act that link ex offenders w/ opps. and skills, get some work experience, and then certify that they're ready for workplace, then encourage private sector companies to hire. Not well funded enough. But ends up wise for taxpayers, because prisoners cost us $.
Q: I'm frustrated because I can create 500 jobs but banks won't give me loan. I know you care, you're trying, and appreciate the 30 billion dollar pledge, but lending to us is not the answer. Why can't govt., SBA, make loans available directly to us?
A: We have increased loans... But it's not enough. You still want a loan. But it's not like we haven't thought of that. Even SBA loans are run by not them, but they work w/ local banks to process loan, SBA underwrites loan. So SBA doesn't have the infrastructure to go everywhere to process loans directly, the staff to do it. If SBA took over all of that, it would be a HUGE bureaucracy, it would take too long, and you'd wonder why big agency can't run everything? So we took the $30 billion and made it available, encourage small banks to give those loans to you. I am absolutely sympathetic to you, I hear it everywhere. So we'll use SBA as one tool, the $32 billion will help, but most loans will come to private sector. We have to get private sector to think differently. The bottom fell out. Also, we're encouraging... getting regulators, indep. ones, to take a closer look at the policies, too. We can't do that directly.
I'm done in. This is all you get.
NOPE: A gay rights question gets this answer:
A basic principle in our Constitution says if you follow the rules, you should be treated the same, regardless of who you are. That applies to gay/lesbian couples. So at federal level, we're trying to make sure partnerships are recognized for purposes of benefits...
We actually have an opp. to pass law that's in Congress right now... for federal workers. Some companies have done same. We need to take a leadership role to make sure people are treated the same.