Hillary Clinton

thank you __PUNCT__

oh __PUNCT__ my good __PUNCT__ thank you all so much __PUNCT__

jacki __PUNCT__ thank you __PUNCT__

that wa absolut wonder __PUNCT__

and those of you from knoxvil know jacki duffi as the choir teacher __PUNCT__ the inspir for the choral perform at the high_school __PUNCT__

and i ask her how long she been teach __PUNCT__ and she said __PUNCT__ twenti_year __PUNCT__

and let give her a round of applaus for her dedic to educ __PUNCT__

thank you __PUNCT__ jacki __PUNCT__

__PUNCT__ applaus __PUNCT__ i also want to thank dr __PUNCT__ randi flack __PUNCT__ knoxvil commun school_superintend __PUNCT__ for be here __PUNCT__

thank you so much __PUNCT__ dr __PUNCT__ flack __PUNCT__

and tim mcgee __PUNCT__ luca counti assessor and on of my precinct captain __PUNCT__ i thank him for come __PUNCT__

i also want to thank and recogn marcia nichol __PUNCT__ who is the polit_director of afscm council __NUM__ __PUNCT__

and there is someon els i want to introduc __PUNCT__

that is sari bourn __PUNCT__ the field organ for marion __PUNCT__ luca and wayn counti __PUNCT__

where is sari __PUNCT__ if she can wave or __PUNCT__ there she is back there __PUNCT__

thank you so much __PUNCT__

and someon els who is veri __PUNCT__ veri dear to me __PUNCT__ who ha serv iowa for mani year and ha been such a great champion of educ and librari __PUNCT__ and that is christi vilsack __PUNCT__

thank you so much __PUNCT__ christi __PUNCT__

now __PUNCT__ i be all over the state todai and tomorrow __PUNCT__ and then i think we all go to give you a break for thanksgiv __PUNCT__

don't you think that a good_idea __PUNCT__ so everybodi can gather with friend and famili __PUNCT__

that what i be do __PUNCT__ go back_home and work with my daughter to creat thanksgiv dinner __PUNCT__ someth that we like to do everi year __PUNCT__

then we be back over the weekend __PUNCT__ travel the state __PUNCT__ meet as mani iowan as i possibl can __PUNCT__

but todai i want to come to knoxvil to realli sound the alarm about our economi __PUNCT__

i think it import that we take a few minut to soberli look at what happen in the american_economi __PUNCT__ becaus the next presid will inherit __PUNCT__ unfortun __PUNCT__ a lot of problem __PUNCT__

now __PUNCT__ thi is kind of a familiar situat for me __PUNCT__ becaus when my husband becam presid he inherit a lot of econom_problem __PUNCT__

as someon said the other dai __PUNCT__ there seem to be a pattern here __PUNCT__ it take a clinton to clean up after a bush __PUNCT__

and so __PUNCT__

__PUNCT__ applaus __PUNCT__ and so i want to spend some time tell you how i see thi problem and talk about some of the thing that i want to do to address it __PUNCT__ becaus i believ that the next presid will not have a minut to wast __PUNCT__

you know __PUNCT__ we got an economi that is increasingli interconnect with the global_economi __PUNCT__

it is shape each dai __PUNCT__ not just by the billion of decis that __NUM___million_american make __PUNCT__ but by billion more that ar made around the world __PUNCT__

and someth that now happen far awai from iowa can have a rippl_effect that impact the qualiti of life and the standard of live for american __PUNCT__

our economi in recent_month ha been the subject of increas worri __PUNCT__

we got rise oil_price __PUNCT__ we got a deepen hous_crisi __PUNCT__ we have a fall dollar __PUNCT__ in term of it valu __PUNCT__ we have a balloon nation_debt __PUNCT__ and we have weaken consum confid __PUNCT__

just __NUM__ percent of american sai that econom_condit in our countri ar posit __PUNCT__

that is the lowest read sinc the gallup_poll organ start ask the question back in __NUM__ __PUNCT__

and in __NUM__ it wa the lowest that it had been in __NUM___year __PUNCT__

so we understand that we got real_problem __PUNCT__ but we see noth happen under thi presid to address those problem __PUNCT__

unfortun __PUNCT__ the presid either doesn't see them or refus to deal with them __PUNCT__

and the net effect of it all is that the economi is not work for middl __PUNCT__ class_famili __PUNCT__

now __PUNCT__ we all hope that the economi will remain resili __PUNCT__ and we know that __PUNCT__ if we make the right choic __PUNCT__ the american_economi can __PUNCT__ onc again __PUNCT__ creat million of job and lift up the middl_class __PUNCT__

but instead of posit polici aim at make that happen __PUNCT__ we had the opposit __PUNCT__ reckless fiscal_polici and a presid with a tragic habit of ignor problem until thei becom crise __PUNCT__

the next presid will be a steward of our economi at a time when the bill from eight year of neglect and mismanag will be come due __PUNCT__

the next presid will have to turn around our nation and our economi __PUNCT__

more than ever befor __PUNCT__ worker will need good_job job_train for the job of thi new centuri __PUNCT__ but there is on job we can't afford on __PUNCT__ the __PUNCT__ job train for __PUNCT__ that is the job of our next presid __PUNCT__

that could be the costliest job train in histori __PUNCT__

everi dai spent learn the rope is anoth dai of rise_cost __PUNCT__ mount deficit __PUNCT__ and grow anxieti for our famili __PUNCT__

and thei cannot afford to keep wait __PUNCT__

we need a presid who understand the magnitud and complex of the challeng we face and ha the strength and experi to address them from dai on __PUNCT__ a presid who ha faith that the american_peopl and the american_economi ar up to the task __PUNCT__

and if you give me that chanc __PUNCT__ i will be that presid for all of you __PUNCT__

__PUNCT__ applaus __PUNCT__ in recent_month __PUNCT__ we seen a number of troubl develop __PUNCT__

first __PUNCT__ we have a grow crisi in our hous_market that is threaten our famili and unsettl the capit_market __PUNCT__

over the past seven year __PUNCT__ as incom fell __PUNCT__ wage stagnat __PUNCT__ mani famili were lure into riski mortgag to financ their home __PUNCT__ with rate that would jump beyond what thei could afford __PUNCT__

and regul did littl to crack down on fly __PUNCT__ by __PUNCT__ night broker peddl loan to unqualifi buyer __PUNCT__

the result is __NUM___million foreclosur so far thi year __PUNCT__ nearli __NUM__ in iowa alon thi past three month __PUNCT__

that is almost doubl the figur from last year __PUNCT__

and home_price across america ar drop __PUNCT__

and unfortun __PUNCT__ a lot of expert predict thei will drop even further __PUNCT__

that seriou no matter how you look at it __PUNCT__ becaus __NUM__ percent of the total wealth of middl __PUNCT__ class_famili is in their home_equiti __PUNCT__

and home equiti withdraw account for more than __NUM__ percent of a famili dispos_incom in the last coupl of year __PUNCT__

so as hous_price declin __PUNCT__ peopl have less monei to draw on for everyth from medic_bill to colleg_tuition __PUNCT__

to make matter wors __PUNCT__ all of these mortgag woe have unsettl the capit_market __PUNCT__

bank have suffer enorm loss on secur link to mortgag __PUNCT__

thei written down more than __MONEY___billion in their hold __PUNCT__

investor ar increasingli risk __PUNCT__ advers __PUNCT__ compani ar struggl to rais the capit thei need to expand __PUNCT__ and bank ar increasingli unwil to provid mortgag and other loan to famili __PUNCT__

second __PUNCT__ skyrocket energi_price ar squeez middl __PUNCT__ class_famili alreadi struggl with fall incom and rise_cost __PUNCT__

you know __PUNCT__ after __DATE__ __PUNCT__ we had a histor opportun to call_american __PUNCT__ to call all of us to energi_independ __PUNCT__

instead __PUNCT__ we outsourc our energi_polici to dick_chenei and the oil_compani __PUNCT__

and todai we ar even more depend on foreign_oil than we were on __DATE__ the __NUM__ __PUNCT__

oil_price have increas more than __NUM__ percent sinc the begin of thi year __PUNCT__

price ar move up __PUNCT__

it now nearli __MONEY__ a barrel __PUNCT__

ga hit __MONEY__ per gallon nationwid __PUNCT__ the highest price ever for thi time of year __PUNCT__

as a result __PUNCT__ averag_famili ar spend roughli___MONEY__ more a year on energi_cost __PUNCT__ for electr __PUNCT__ home heat __PUNCT__ and ga __PUNCT__

that a huge increas __PUNCT__

it like a __MONEY__ energi tax in just the last seven year __PUNCT__ more than three time what the typic american_famili receiv from the bush_tax_cut __PUNCT__

i talk to a lot of peopl who ar worri thei not go to be abl to get through the holidai and the winter month __PUNCT__

we been bless __PUNCT__ the weather ha not yet gotten cold __PUNCT__

so a lot of peopl have been hold their breath __PUNCT__

but if we do have a cold spell __PUNCT__ you know what will happen __PUNCT__ so mani folk will find it difficult to pai the price __PUNCT__

third __PUNCT__ while corpor_profit ar reach new height __PUNCT__ our labor_market is just not work for middl __PUNCT__ class_famili __PUNCT__

the bush_administr brag about the fact that the unemploy_rate is __NUM__ percent __PUNCT__

but do you know on of the reason it __NUM__ percent __PUNCT__ it becaus million of unemploi peopl have stop look for work __PUNCT__

we had million of american just drop out of the labor_forc __PUNCT__

if you compar where we ar todai with where we were when presid_bush took offic __PUNCT__ if you had the same number of peopl actual work and activ look for job __PUNCT__ the unemploy_rate would be closer to __NUM__ percent __PUNCT__

corpor_profit __PUNCT__ howev __PUNCT__ ar at a __NUM__ __PUNCT__ year high __PUNCT__

so here we contrast veri high corpor profit __PUNCT__ and the averag_american american_famili ha lost___MONEY__ in incom in the last seven year __PUNCT__

and over the __NUM__ __PUNCT__ month period that just end in __DATE__ __PUNCT__ the slow_growth in wage actual account for more than two __PUNCT__ third of the increas in corpor_profit __PUNCT__

what doe that mean __PUNCT__ well __PUNCT__ the profit go up __PUNCT__ but unlik everi other time in our histori __PUNCT__ the ceo and the board of these compani ar not share the wealth __PUNCT__

so compani ar actual profit off of keep worker __PUNCT__ wage stagnant __PUNCT__

and american_worker __PUNCT__ we work_harder than ever __PUNCT__

we the hardest work_peopl in the world __PUNCT__

so even though american_worker ar increas their product __PUNCT__ their wage have remain flat __PUNCT__

and the gap between the rich and everybodi els ha onli gotten broader __PUNCT__

in __NUM__ the last year i could find the number for __PUNCT__ all incom gain went to the top___NUM___percent of household __PUNCT__ while the bottom___NUM___percent saw their incom declin __PUNCT__

that is not the america that i grew up in __PUNCT__ that is not the countri that i believ is hold out the promis of prosper for peopl will to work_hard and take respons __PUNCT__

the wealthiest___NUM___percent of american held __NUM__ percent of america incom __PUNCT__

that an astonish figur __PUNCT__ and it is the highest_level of incom_inequ sinc the begin of the great_depress in __NUM__ __PUNCT__

fourth __PUNCT__ seven year of fiscal reckless ha driven up our debt __PUNCT__ erod confid in our economi __PUNCT__ and left us vulner to foreign creditor __PUNCT__

sinc presid_bush took offic __PUNCT__ we seen the most dramat deterior in our nation financi health in histori __PUNCT__

reckless tax_cut for the wealthi __PUNCT__ bloat spend that wasn't paid for have push up our nation_debt to __MONEY___trillion __PUNCT__

think about that __PUNCT__

when presid_bush becam presid __PUNCT__ he inherit a balanc_budget and a surplu __PUNCT__ a project surplu of __MONEY___trillion __PUNCT__

now we back into deficit __PUNCT__ and we have a __MONEY__ trillion debt __PUNCT__

that forc us everi dai to borrow_monei from foreign_countri like china __PUNCT__

so when peopl across iowa ask me why it so hard for the bush_administr to get tough on china and other trade_partner __PUNCT__ i tell them becaus these countri ar now our banker __PUNCT__

we their debtor __PUNCT__

how can we truli enforc trade law against a countri like china when we have to borrow_monei to feed the massiv debt that georg_bush ha driven up __PUNCT__ america_econom stand in the world ha deterior __PUNCT__

the valu of the dollar ha been drop __PUNCT__

it is now less valu than other currenc __PUNCT__ someth els that caus a lot of anxieti __PUNCT__ if you look out and see what that might mean in year to come __PUNCT__

final __PUNCT__ we face new threat that neither the presid nor feder_regul have adequ acknowledg or address __PUNCT__

take the risk of so __PUNCT__ call deriv and other new financi_product that wall_street is sell __PUNCT__

these product offer new opportun for investor to diversifi portfolio and protect themselv against certain risk __PUNCT__

for exampl __PUNCT__ a farmer here in iowa who worri about the price of corn could bui a deriv that increas in valu when the price of corn fall __PUNCT__ so regardless of what happen with hi crop __PUNCT__ he ha a chanc to break even __PUNCT__

but deriv also creat new risk __PUNCT__

thei can swing wildli in valu __PUNCT__

it isn't alwai clear who own them or how much thei ar realli worth __PUNCT__

owner don't alwai understand the risk __PUNCT__ which is why even the invest_bank that creat them ar lose billion of dollar on these deriv __PUNCT__

and the rippl ar be felt from wall_street to main_street __PUNCT__

i believ in our market __PUNCT__ but market_work best when there is inform flow __PUNCT__

and a lot of these new financi_product ar not transpar __PUNCT__

the market doesn't have enough inform about them __PUNCT__ and certainli buyer don't __PUNCT__

todai __PUNCT__ we need a sensibl middl_ground between heavi __PUNCT__ hand regul and a hand __PUNCT__ off approach to a risk that can hurt the innoc __PUNCT__ as well as the sophist buyer __PUNCT__

anoth new challeng on the horizon is the growth of sovereign wealth fund __PUNCT__

now __PUNCT__ what ar these __PUNCT__ these ar invest fund own by foreign_govern __PUNCT__

thei not busi __PUNCT__

a govern of a big_oil __PUNCT__ produc countri creat a fund of monei __PUNCT__ put a name on it __PUNCT__ call it an invest fund __PUNCT__ and run the invest out of thi fund __PUNCT__

thei us these fund to bui up billion of dollar worth of american stock __PUNCT__ real_estat __PUNCT__ and corpor __PUNCT__

now __PUNCT__ where exactli ar countri get the monei for these fund __PUNCT__ thei get it from us __PUNCT__

our depend on foreign_oil mean we send billion of dollar to countri like saudi_arabia and venezuela __PUNCT__

our trade_deficit and our balloon debt mean we send billion of dollar in payment to countri like china __PUNCT__

these countri then turn around and us our dollar to bui chunk of our economi __PUNCT__

todai __PUNCT__ sovereign wealth fund hold an estim___MONEY__ __MONEY___trillion __PUNCT__

within a decad __PUNCT__ it predict thei hold five time that much __PUNCT__

we have never seen anyth like thi __PUNCT__ and you don't hear a peep out of the bush_administr __PUNCT__

now __PUNCT__ why exactli ar these sovereign wealth fund caus for concern __PUNCT__ well __PUNCT__ let me ask you thi __PUNCT__ how would you feel if a foreign_govern us it sovereign wealth fund to bui an american car_compani and move it oversea __PUNCT__ right now __PUNCT__ that govern might be our banker __PUNCT__ but what if thei becam our boss __PUNCT__ as well __PUNCT__ and how would you feel if countri us their invest in america to influenc our foreign_polici __PUNCT__ what if a countri set out to bui compani that compet with their nation industri and shut them down __PUNCT__ i don't think we be comfort with our own govern specul in real_estat or bui up compani __PUNCT__ and we should be doubli uncomfort with the idea of a foreign_govern do these thing in our countri __PUNCT__

in short __PUNCT__ these sovereign wealth fund repres a potenti threat to our econom sovereignti if we don't act now to assess their impact on our economi __PUNCT__

so todai we face an arrai of seriou and grow econom challeng that call for a presid will to make respons econom stewardship a kei prioriti __PUNCT__ will to confront complex problem and devis comprehens respons __PUNCT__ a presid who alwai put the middl_class first __PUNCT__

but for seven year __PUNCT__ we had just the opposit __PUNCT__

in fact __PUNCT__ we had a presid who guid the economi with just on simpl principl in mind __PUNCT__ take care of those at the top and let middl __PUNCT__ class_famili fend for themselv __PUNCT__

he call it the ownership_societi __PUNCT__ but it realli noth more than __PUNCT__ you on your own __PUNCT__

and what do we get from presid_bush when the fact is that middl __PUNCT__ class_famili __PUNCT__ incom ha drop __MONEY__ a call to cut_tax again for america largest_corpor __PUNCT__

as our trade_deficit ha doubl and we lost an estim___NUM__ __NUM___million_job to china __PUNCT__ what wa presid_bush respons __PUNCT__ he threaten to veto trade adjust assist for displac worker __PUNCT__

when foreclosur doubl last year __PUNCT__ what wa presid bush respons __PUNCT__ noth __PUNCT__

when famili and commun_group report that crook buyer and lender were prei on homebuy __PUNCT__ noth __PUNCT__

but when the hous_crisi start to threaten larg wall_street invest_bank __PUNCT__ the bush_administr sprang into action __PUNCT__

it conven meet and confer_call with the head of major wall_street firm __PUNCT__ eager to help howev thei could __PUNCT__

what wa presid_bush answer to senior who can't afford to retir __PUNCT__ privat social_secur __PUNCT__

what about rise oil_price __PUNCT__ veto fund to help low __PUNCT__ incom_famili pai their energi_bill __PUNCT__

nine million_children without health_care __PUNCT__ veto health care for needi children __PUNCT__

hi answer to middl __PUNCT__ class_famili who feel like thei stand on a trap door __PUNCT__ just on pink slip or on medic diagnosi or on miss mortgag_payment awai from fall through and lose everyth __PUNCT__ tax_cut after tax cut for the wealthiest of american __PUNCT__

now __PUNCT__ it no surpris that the presid_continu to stand by hi fail econom_polici __PUNCT__

thi is __PUNCT__ after all __PUNCT__ a man who believ that stubborn is a virtu __PUNCT__

what is truli amaz __PUNCT__ howev __PUNCT__ is that the republican_candid for presid ar determin to continu these fail polici __PUNCT__

in fact __PUNCT__ we can describ their approach to the economi in four simpl word __PUNCT__ more of the same __PUNCT__

thei see __MONEY___trillion in debt and sai __PUNCT__ why not trillion more __PUNCT__ thei see tax_cut for wealthi american and big_corpor and sai __PUNCT__ why not more __PUNCT__ thei see on attempt to privat social_secur and sai __PUNCT__ why not on more __PUNCT__ in short __PUNCT__ thei see eight year of bush econom and sai __PUNCT__ why not eight more __PUNCT__ well __PUNCT__ here my respons to that __PUNCT__ you got until __DATE__ __PUNCT__

and not on dai more will we put up with these fail polici __PUNCT__

__PUNCT__ applaus __PUNCT__ i can't wait to get on a stage to debat the republican_nomine as we make the case for chang and thei argu for the statu_quo __PUNCT__

to them __PUNCT__ it __PUNCT__ leav no bush econom_polici behind __PUNCT__

but todai __PUNCT__ america is readi for chang __PUNCT__ but chang is just a word without the strength and experi to make it happen __PUNCT__

it easi to give a speech about restor the middl_class __PUNCT__ but it is hard to actual do it __PUNCT__

it easi to make up a program that address everi econom_problem __PUNCT__ but it hard to figur out how to pai for it __PUNCT__

we been here befor with a presid who leav the econom cupboard bear on elect_dai __PUNCT__

thi time __PUNCT__ howev __PUNCT__ we won't just have to clean up the econom mess he made __PUNCT__

we also have to end the war he start and address the health_care crisi he left behind __PUNCT__

__PUNCT__ applaus __PUNCT__ so we don't need more republican scare tactic about a social_secur crisi __PUNCT__

and we don't need a trillion __PUNCT__ dollar tax_increas that will hit famili alreadi face higher energi __PUNCT__ health_care and colleg cost __PUNCT__

what we need is to focu on the real crise of health care and medicar and on expand opportun for poor __PUNCT__ work and middl __PUNCT__ class_famili who ar struggl now __PUNCT__

if the gather econom challeng strike all at onc in a perfect storm __PUNCT__ these famili __PUNCT__ america famili __PUNCT__ will be the hardest hit __PUNCT__

so __PUNCT__ in short __PUNCT__ presid_bush ha abandon the middl_class __PUNCT__ tilt the plai_field against them __PUNCT__ and said __PUNCT__ you on your own __PUNCT__

republican run to replac him sai __PUNCT__ it time for more of the same __PUNCT__

and i sai we need a new direct __PUNCT__

we had an econom strategi that work in the 1990 __PUNCT__

we believ that fiscal_respons could spur econom_growth __PUNCT__ so we balanc the feder_budget __PUNCT__

we saw record surplus __PUNCT__ __NUM___million new job __PUNCT__ the longest econom_expans in american_histori __PUNCT__

we believ that invest in our peopl were invest in our economi __PUNCT__ so we expand the earn_incom incom_tax_credit __PUNCT__ provid health_insur to six million needi children __PUNCT__ invest in head_start and student_loan __PUNCT__

we saw histor declin in child_poverti __PUNCT__ famili_incom up on averag more than __MONEY__ and mani american join and stai in the middl_class __PUNCT__

so todai we face __NUM__ __PUNCT__ centuri challeng __PUNCT__ some of which we could have never imagin back in the 1990 __PUNCT__

but i believ the principl that guid us then ar still relev todai __PUNCT__

these ar the principl that ar truli at the start of my plan to help restor our economi __PUNCT__

i believ in an optimist __PUNCT__ progress __PUNCT__ modern approach to the economi __PUNCT__

there no limit to what we can do if we set our mind to it __PUNCT__

and i believ that we can begin on dai on to turn the economi around __PUNCT__

i have four compon __PUNCT__ creat new job __PUNCT__ good_job __PUNCT__ essenti to broad __PUNCT__ base prosper __PUNCT__ restor fair to our economi __PUNCT__ renew the basic bargain that if you work_hard you can get head __PUNCT__ and put our fiscal hous in order again __PUNCT__

we go to ask everybodi to particip __PUNCT__ but i am not go to ask the middl_class to do more than it ha alreadi done __PUNCT__

stai afloat dure the bush_administr ha been a major accomplish __PUNCT__

__PUNCT__ applaus __PUNCT__ so we go to take awai the tax subsidi from the oil_compani __PUNCT__ and we go to put those to work on behalf of clean __PUNCT__ renew __PUNCT__ altern_energi __PUNCT__

__PUNCT__ applaus __PUNCT__ we go to forc the pharmaceut_compani to compet __PUNCT__

we go to make them have to negoti with medicar to get those drug_price down __PUNCT__

__PUNCT__ applaus __PUNCT__ we go to tell the health_insur insur_compani who have deni so mani peopl coverag that thei will no longer be abl to discrimin against the sick __PUNCT__ and we go to insur everi singl american for qualiti __PUNCT__ afford health_care __PUNCT__

we go to fight ani ill __PUNCT__ advis effort to privat social_secur __PUNCT__

we go to keep social secur rock solid for gener __PUNCT__

and we go to help famili save for retir with new retir_account __PUNCT__

__PUNCT__ applaus __PUNCT__ and when it come to trade __PUNCT__ we go to have real __PUNCT__ enforc standard and protect for our worker and our environ __PUNCT__

and unlik the current presid __PUNCT__ i will make trade enforc a top_prioriti again __PUNCT__

__PUNCT__ applaus __PUNCT__ we go to have a manufactur polici __PUNCT__ becaus i don't believ we can remain a great_countri with a strong economi if we don't make_thing in america __PUNCT__

and i go to focu on make sure that we continu to do so __PUNCT__

__PUNCT__ applaus __PUNCT__ we go to pass_law that help peopl be abl to join union and bargain collect for good wage and fair benefit again __PUNCT__

we go to focu on famili_farm __PUNCT__ instead of corpor farm __PUNCT__ and we go to give famili farm the support and the tool that thei need to be success __PUNCT__

and we ar go to final close the tax loophol and stop give tax_break to compani that ship job_oversea __PUNCT__

enough with outsourc american_job us taxpay_dollar __PUNCT__

__PUNCT__ applaus __PUNCT__ but i go to go further than that __PUNCT__ i will provid tax_relief for the middl_class __PUNCT__ becaus you heard me sai that __PUNCT__ given the increas in energi_price sinc __NUM__ on averag __MONEY__ that is far more than ani middl __PUNCT__ class_famili got out of these bush_tax_cut __PUNCT__

we not go to be fool __PUNCT__

we go to get back to real tax_relief for middl __PUNCT__ class_famili __PUNCT__

i extend the middl __PUNCT__ class tax_cut __PUNCT__ give gener tax_break to help famili afford health_care __PUNCT__ offer up to __MONEY__ in match tax_cut to help famili save for retir __PUNCT__

i expand the earn_incom incom_tax_credit __PUNCT__ increas_tax tax_credit for child_care __PUNCT__ and provid a new __MONEY__ tax_credit to help middl __PUNCT__ class_famili send their children to colleg __PUNCT__

__PUNCT__ applaus __PUNCT__ and i will tie the minimum_wage to congression salari so that congress can't get a rais until work_men and women get a rais in the minimum_wage __PUNCT__

__PUNCT__ applaus __PUNCT__ that what i will do as presid __PUNCT__ but there ar thing we should do right now __PUNCT__ immedi action to face the econom challeng __PUNCT__

that start with step to prevent as mani hous foreclosur as possibl __PUNCT__

i alreadi announc a seri of polici to do just that __PUNCT__ includ a __MONEY___billion fund to help state work with at __PUNCT__ risk homeown to prevent foreclosur __PUNCT__

todai __PUNCT__ i call on the presid to conven a crisi confer __PUNCT__ bring togeth all the stakehold in the hous_crisi __PUNCT__ from lender to homeown to commun_group __PUNCT__ to figur out a solut to the hous_crisi __PUNCT__

the time for hand __PUNCT__ wring and blame __PUNCT__ place is over __PUNCT__

we need urgent action __PUNCT__

and instead of just try to help the big_bank __PUNCT__ how about help america __PUNCT__ mr __PUNCT__ presid __PUNCT__ to deal with thi foreclosur challeng that we face __PUNCT__ applaus __PUNCT__ second __PUNCT__ we need to immedi address the impend home heat crisi that could affect so mani famili thi year __PUNCT__

now __PUNCT__ the onli long __PUNCT__ term solut to high energi_price is reduc our depend on foreign_oil and lower the carbon intens of our economi __PUNCT__

i outlin a comprehens plan to do that that i talk about outsid of cedar rapid __PUNCT__ at newton __PUNCT__ and other place throughout iowa __PUNCT__ and i have set goal to be abl to move toward achiev that __PUNCT__

but it not go to happen until we see the end of the bush_administr __PUNCT__

and i believ __PUNCT__ if we do it __PUNCT__ we can creat five million new job __PUNCT__

you know about blue __PUNCT__ collar_job and white __PUNCT__ collar job __PUNCT__

how about green __PUNCT__ collar job for peopl who ar go to put solar_panel on rooftop __PUNCT__ do the work on bio __PUNCT__ fuel and everyth els __PUNCT__ but with oil approach __MONEY__ a barrel __PUNCT__ it go to cost famili __NUM__ percent to __NUM__ percent more to heat their home thi winter __PUNCT__

too mani famili can't afford that __PUNCT__

so i wa outrag last week when presid_bush veto emerg energi assist fund for famili __PUNCT__

becaus of hi veto __PUNCT__ state_agenc right here in iowa and across america have been forc to turn awai needi famili __PUNCT__

if presid_bush get hi wai __PUNCT__ on million famili will be cut off from heat assist thi winter __PUNCT__

that is unconscion __PUNCT__

i live in the white_hous __PUNCT__

thei keep it warm in the white hous __PUNCT__

and mayb the presid should get out of the white hous and come to iowa and meet some of those famili who ar go to get cut off of energi assist becaus of hi veto __PUNCT__

i call on the presid to put partisan_polit asid and commit emerg fund todai __PUNCT__ not month down the road __PUNCT__ when million of senior and low __PUNCT__ incom_famili have liter been left out in the cold __PUNCT__

let ensur that no elig famili get turn awai and that assist keep pace with the rise energi_price __PUNCT__

in addit __PUNCT__ we should commit __MONEY___billion to an emerg home conserv program to lower_cost for famili in cold __PUNCT__ weather state __PUNCT__

thi program will allow state to make weather kit avail to three million famili __PUNCT__

these kit would includ easi __PUNCT__ to __PUNCT__ instal item __PUNCT__ like a wrap __PUNCT__ an insul wrap for your water heater __PUNCT__ caulk for door and window __PUNCT__

we know from experi thi can reduc a famili heat bill by up to __NUM__ percent __PUNCT__

third __PUNCT__ we need to work with govern around the world to set guidelin to make these sovereign wealth fund more transpar __PUNCT__

you know __PUNCT__ here in america __PUNCT__ we would never fear peopl from other nation who have confid in the american_economi and want to invest and creat_job here __PUNCT__

but when the investor is a foreign_govern __PUNCT__ we need to be vigil about ensur that the invest don't threaten our econom sovereignti __PUNCT__

current __PUNCT__ these sovereign wealth fund don't have to disclos their hold __PUNCT__ their invest object __PUNCT__ their invest return __PUNCT__ or their manag structur __PUNCT__ so it hard to assess whether thei introduc unnecessari risk into our market __PUNCT__ hard to know whether thei bui or sell asset to make a profit or make a point __PUNCT__

so todai i call on the bush_administr __PUNCT__ the world_bank __PUNCT__ the intern_monetari_fund to begin immedi craft transpar guidelin for these sovereign wealth fund __PUNCT__

strict disclosur requir ar critic to help us understand how these fund ar oper __PUNCT__

and __PUNCT__ final __PUNCT__ we need to start address the risk pose by deriv and other complex financi_product __PUNCT__

you can't let wall_street send the bill to your street with the bright idea that just don't work out __PUNCT__

deriv and product like them ar pose real risk to famili __PUNCT__ as wall street write down ten of billion of dollar in invest __PUNCT__

compani ar take the loss of a billion here and a billion there simpli becaus the secur thei own ar worth less than thei thought __PUNCT__

so as presid __PUNCT__ i will move to establish the __NUM__ __PUNCT__ centuri oversight we need in a __NUM__ __PUNCT__ centuri global marketplac __PUNCT__

i will call for an immedi review of these new invest product and for plan to make them more transpar __PUNCT__

but i would hope that the bush_administr would do it befor i sworn in __PUNCT__

i don't want to see anoth __NUM___month of potenti risk be inject into our economi with all of the other factor at work __PUNCT__

you know __PUNCT__ presid franklin_roosevelt __PUNCT__ who said a lot of realli smart thing __PUNCT__ said econom law ar not made by natur __PUNCT__

thei made by human be __PUNCT__

never befor ha america been at such an import econom crossroad __PUNCT__

the threat to our success ar mani __PUNCT__ thei been aid by misguid govern_polici and fail econom leadership and an effort to turn our govern into a govern of the few __PUNCT__ by the few __PUNCT__ and for the few __PUNCT__

but __PUNCT__ you know __PUNCT__ america strength ar legendari __PUNCT__ and i think we readi to come togeth again and do what it take to succe __PUNCT__

we just need a presid readi to chang our polici and lead our peopl __PUNCT__

i believ i can provid the econom leadership we need to make the chang that ar so desper requir __PUNCT__ and i ask for your support and your counsel and your help as we make thi journei togeth __PUNCT__

thank you all veri __PUNCT__ veri much __PUNCT__

__PUNCT__ applaus __PUNCT__