Bill Richardson

thank you so much for have me here todai __PUNCT__

i want to talk about our economi __PUNCT__ where we been and where we go __PUNCT__

todai __PUNCT__ the middl_class is under sieg by numer forc __PUNCT__

despit increas_product __PUNCT__ wage have stagnat __PUNCT__

the job_market for most american is thin __PUNCT__

health_care and energi_cost have skyrocket __PUNCT__

so ha the price of a colleg_educ __PUNCT__

foreclosur ar at their highest in year __PUNCT__ and million of american ar face with sink home valu __PUNCT__

and the on seemingli bright spot of the bush_year __PUNCT__ the stock_market __PUNCT__ is tumbl __PUNCT__

enorm budget_deficit ar the rule __PUNCT__ not the except __PUNCT__ and our nation_debt ha soar to __MONEY___trillion trillion_dollar __PUNCT__

everi year __PUNCT__ we spend more than __NUM___billion billion_dollar just pai the interest on our nation_debt __PUNCT__ that more than six time as much as we spend on the entir depart of educ __PUNCT__

how did we get here __PUNCT__ the stori is well known __PUNCT__ __MONEY___trillion in tax_cut __PUNCT__ far too skew to help the wealthiest american __PUNCT__ and runawai spend __PUNCT__ have put us deep in the red __PUNCT__

while thi presid ha blame 9/11 for our deficit __PUNCT__ the fact of the matter is that defens and homeland_secur spend __PUNCT__ includ all of the hundr of billion in iraq __PUNCT__ ha account for onli on third of the post __PUNCT__ 9/11 deficit __PUNCT__

the administr misguid tax and spend prioriti account for the rest __PUNCT__

i am a pro __PUNCT__ growth democrat __PUNCT__ on who believ our parti must stand for polici that encourag innov and expand econom_opportun __PUNCT__

i strongli believ in cut_tax respons __PUNCT__ tax_cut that help the middl_class and tax_incent for creat_job __PUNCT__

the bush_tax_cut __PUNCT__ on the other hand __PUNCT__ have cost___MONEY__ __MONEY___trillion trillion_dollar __PUNCT__ and result in the worst record of job __PUNCT__ creation sinc herbert_hoover __PUNCT__

thi administr forgot to invest in our futur __PUNCT__

in hi __NUM___state of the union __PUNCT__ presid_bush shock the world by admit that america wa __PUNCT__ addict to oil __PUNCT__ suggest that we might see some invest in new energi __PUNCT__

the veri next dai __PUNCT__ the nation renew_energi laboratori announc that the white_hous had cut it budget by __MONEY___million __PUNCT__

how can we expect an administr that couldn't even plan it own polit a dai ahead __PUNCT__ to lead our nation toward a better futur for our children __PUNCT__ the administr fail to protect the engin of our economi __PUNCT__ the middl_class __PUNCT__

product is up __PUNCT__ yet real_wage ar down __PUNCT__

american_worker ar hold up their end of the deal __PUNCT__ but their govern is not __PUNCT__

while presid_bush wa rail against the axi of evil abroad __PUNCT__ he wa govern across an axi of irrespons here at home __PUNCT__ failur to be fiscal_respons __PUNCT__ failur to invest in the futur __PUNCT__ failur to protect work_american __PUNCT__

now we ar saddl with a budget_deficit thei ignor and foreign debt thei don't want to talk about __PUNCT__

presid_bush hasn't level with us about our nation fiscal health sinc __NUM__ __PUNCT__

frankli __PUNCT__ the presid is act like a spoil teenag who crash the famili car and then hope no on will notic __PUNCT__

well __PUNCT__ mr __PUNCT__ presid __PUNCT__ we have notic __PUNCT__

and the american_govern need to stop break what the american_famili ha built __PUNCT__

my friend __PUNCT__ it is time we take our futur back __PUNCT__

fiscal_respons the first thing we have to do is get out of our fiscal nightmar __PUNCT__

that start with a balanc_budget __PUNCT__

as a governor __PUNCT__ i have to balanc my state_budget __PUNCT__

i have balanc five budget __PUNCT__ and i have done it while cut_tax and invest in our peopl and our infrastructur __PUNCT__

balanc the budget is invest in the futur __PUNCT__

it mean that we ar pai for what we get todai __PUNCT__ so our children don't have to __PUNCT__

and that why i support a constitut_amend to balanc the budget __PUNCT__ thi amend must also provid for a line __PUNCT__ item_veto __PUNCT__

we allow republican to spend recklessli for too long __PUNCT__

our children should have the right to be free from the extraordinari debt run up by their parent __PUNCT__

ultim __PUNCT__ there is no choic between fiscal_respons and fiscal prosper __PUNCT__

as we saw under the clinton_administr __PUNCT__ you can't have on without the other __PUNCT__

the road to fiscal_respons should begin with end the war and get all of our troop out of iraq __PUNCT__

all of them __PUNCT__

it is the right thing to do for our fight men and women __PUNCT__ it is the right thing to do for our nation_defens __PUNCT__ and it is the right thing to do for our econom_secur __PUNCT__

we spend over a hundr billion_dollar a year hunker down in a countri that doesn't want us there __PUNCT__ fight a war that won't make us safer __PUNCT__

we want that monei_back __PUNCT__

second __PUNCT__ we need to end wast here at home __PUNCT__

no more pork __PUNCT__ barrel spend __PUNCT__

no more thousand __PUNCT__ dollar toaster __PUNCT__ no more bridg to nowher __PUNCT__

the feder_budget isn't a politician piggi __PUNCT__ bank __PUNCT__

elimin earmark will save us at least __MONEY___billion over the next five year __PUNCT__

we want that monei_back __PUNCT__

third __PUNCT__ we need to slash corpor_welfar __PUNCT__

in __NUM__ alon __PUNCT__ american_taxpay shell out __NUM___billion billion_dollar to corpor __PUNCT__

it just doesn't make_sens __PUNCT__

in the __NUM__ __PUNCT__ presid_reagan like to talk about the __PUNCT__ welfar queen __PUNCT__ who bilk the govern out of eight thousand_dollar __PUNCT__

well we got welfar queen todai __PUNCT__ thei call halliburton and exxon/mobil __PUNCT__

and trust me __PUNCT__ thei get more than eight thousand dollar __PUNCT__

if we cut even half of our spend on corpor_welfar __PUNCT__ american will save some __NUM___billion billion_dollar over the next five year __PUNCT__

we want that monei_back __PUNCT__

we should also stop tax_cut for individu who don't need them __PUNCT__

when i am presid we will roll_back the bush_tax_cut for the wealthiest __PUNCT__ which will save us hundr of billion of dollar over the next five year __PUNCT__

instead __PUNCT__ we cut_tax to creat_job and help the middl_class __PUNCT__

we will have a tax_credit for compani that creat_job here in america and pai abov the prevail wage __PUNCT__

i done it in new mexico and it work __PUNCT__

we have to stop give compani incent to send our job abroad __PUNCT__

we need american_busi to keep american_job here __PUNCT__

we will provid strong tax_incent to promot renew_energi becaus we need a new gener of energi entrepreneur __PUNCT__

we need new wildcatt to tap the power of wind __PUNCT__ solar __PUNCT__ and biofuel __PUNCT__

the energi_crisi will onli be solv by the effort of enterpris individu __PUNCT__ but govern must push the effort forward __PUNCT__

we will elimin the altern minimum tax for the middl_class __PUNCT__

when the presid claim he go to balanc the budget __PUNCT__ he intend to do it on the back of million of middl class_famili __PUNCT__ by forc them to pai a tax thei were never suppos to __PUNCT__

we need to right thi unintend wrong __PUNCT__

instead of forc the middl_class to pai new tax __PUNCT__ we will extend the tax_cut for the middl_class __PUNCT__

when i am presid __PUNCT__ we will have a tax_system that reflect our belief in hard_work and our hope for a better tomorrow __PUNCT__

onc we repair the foundat of our economi __PUNCT__ we need to start build for the futur __PUNCT__

invest in technolog and innov america ha alwai been the world_greatest purveyor of ingenu and innov __PUNCT__

more than coke and hershei bar __PUNCT__ car and comput __PUNCT__ the world know us as the preemin seller of progress and hope __PUNCT__

histor __PUNCT__ our technolog prowess ha been unmatch __PUNCT__

that is no accid __PUNCT__

becaus we valu scienc __PUNCT__ becaus we have invest in knowledg and educ __PUNCT__ we have led technolog chang __PUNCT__

todai __PUNCT__ howev __PUNCT__ our strateg competitor __PUNCT__ like china __PUNCT__ ar catch up __PUNCT__

again __PUNCT__ thi is no accid __PUNCT__

nor is it inevit __PUNCT__

thei ar catch up becaus thei ar succeed where we have in the past __PUNCT__ but ar not todai __PUNCT__

thei ar invest heavili in math and scienc educ __PUNCT__ we ar not __PUNCT__

thei ar invest heavili in scientif_research __PUNCT__ we ar cut_back __PUNCT__

there is no doubt that thi come centuri will bring technolog_progress we can't imagin todai __PUNCT__

emin scientist in lab and univers and unknown kid tinker in their garag will guid us to the frontier of discoveri __PUNCT__

thi will happen __PUNCT__

the question we have to ask ourselv is __PUNCT__ do we want those garag to be in china or right here in iowa __PUNCT__

do we want our nation univers just teach new knowledg __PUNCT__ or discov it __PUNCT__ there is onli on choic __PUNCT__

as a nation __PUNCT__ we have never turn our back on tomorrow __PUNCT__

the search for new frontier and the hope that we can improv is far too ingrain in our nation dna __PUNCT__

if we do not embrac progress now __PUNCT__ and invest in the futur __PUNCT__ though our border will not have chang __PUNCT__ we will not be the same nation __PUNCT__

georg_bush and hi right wing alli talk about protect the __PUNCT__ free_market market_economi __PUNCT__ to justifi their fail polici __PUNCT__

and then thei attack democrat as big taxer and over __PUNCT__ regul __PUNCT__

thi tire rhetor is hold us back __PUNCT__

the govern must honor the privat_sector and american entrepreneurship __PUNCT__ while work with investor and partner with our entrepreneur __PUNCT__

thi is how it ha alwai been __PUNCT__

the govern start the internet __PUNCT__ and the privat sector improv and expand it into on of the cornerston of our economi __PUNCT__

in a __NUM___centuri economi __PUNCT__ govern must act as a catalyst and a partner to help unleash the innov and the job_creation potenti of the privat_sector __PUNCT__

we all in thi togeth __PUNCT__

when i am presid __PUNCT__ here is how we will keep thi countri move_forward __PUNCT__

first __PUNCT__ we will restor and increas fund for feder_research and develop program __PUNCT__

if we ar seriou about scienc __PUNCT__ then we should be seriou about fund it __PUNCT__

in particular __PUNCT__ we should increas fund to the nation_institut of health __PUNCT__ so the next gener doesn't have to suffer the same diseas as thi on __PUNCT__

we need to increas fund to govern renew_energi program __PUNCT__

even georg_bush ha acknowledg that we ar addict to oil __PUNCT__

but __PUNCT__ look __PUNCT__ acknowledg your addict is the first step to recoveri __PUNCT__

not the last __PUNCT__

histor __PUNCT__ new mexico ha been on of the poorest state in the nation __PUNCT__ yet we ar fund a stem_cell cell_research research_center __PUNCT__ and we ar innov in clean_energi __PUNCT__

we should be abl to do the same in the richest nation in the world __PUNCT__

we need to connect peopl __PUNCT__

we should weav our nation wealth of knowledg __PUNCT__ capit __PUNCT__ and talent into a web of innov that can catch new technolog __PUNCT__

we all believ in a better economi and we should not be afraid to work togeth __PUNCT__

i will start by conven region innov summit where expert from busi and ventur_capit __PUNCT__ academia and govern can come togeth to turn idea into realiti __PUNCT__

we must come togeth to spark real growth __PUNCT__ real innov and real chang __PUNCT__

it take leadership on job and innov __PUNCT__ i will lead our countri just as i have led new mexico __PUNCT__

i will creat a feder angel investor tax_credit and i will make perman and doubl the research and experiment tax credit __PUNCT__

we must provid incent for invest and experiment in high __PUNCT__ tech research and manufactur __PUNCT__

for our economi to get the oxygen it need breath __PUNCT__ we must grow the tree of technolog __PUNCT__

and that requir plant the seed of invest __PUNCT__

we have the angel investor tax credit in new mexico for high __PUNCT__ tech startup that ar creat the job of the futur __PUNCT__

and it work __PUNCT__

it work becaus it is quintessenti american __PUNCT__

we ar a nation of risk __PUNCT__ taker __PUNCT__

we admir the great_american who throw themselv into an idea becaus thei believ it is the best idea __PUNCT__ becaus thei believ it is the preciou spark of a better futur __PUNCT__

it is thi determin __PUNCT__ thi strength of will __PUNCT__ that produc the light_bulb __PUNCT__ the car __PUNCT__ the comput __PUNCT__

i believ that if we ar to continu our econom and innov success __PUNCT__ we need to reward that great_american american_spirit __PUNCT__

and we must also support innov in our young_peopl __PUNCT__

the first point in the web of innov must be our student __PUNCT__

becaus the next gener of technolog mean noth __PUNCT__ unless the next gener of american know how to us it __PUNCT__

yet __PUNCT__ todai __PUNCT__ we rank __NUM__ in the world in math and scienc educ __PUNCT__

china and india produc far more engin than we do __PUNCT__

thi is unaccept and irrespons __PUNCT__

despit the overwhelm focu of the popular media __PUNCT__ the true foreign threat to american_job job_secur doesn't come from uneduc __PUNCT__ low __PUNCT__ wage_worker from poor_countri __PUNCT__

it come from highli __PUNCT__ educ middl __PUNCT__ class worker from these emerg econom giant __PUNCT__

we must act now __PUNCT__

we must build __NUM__ math __PUNCT__ scienc __PUNCT__ and innov academi by __NUM__ __PUNCT__

these academi will offer rigor math and scienc instruct __PUNCT__ free of charg __PUNCT__ to seventh __PUNCT__ through __PUNCT__ twelfth grader who want it __PUNCT__

thei will train the next wave of american engin __PUNCT__ mathematician __PUNCT__ scientist and teacher __PUNCT__

it a simpl equat __PUNCT__ talent math and scienc_teacher lead to inspir and success math and scienc student __PUNCT__

when i am presid __PUNCT__ i will commit to hire on __PUNCT__ hundr __PUNCT__ thousand new math and scienc teacher to guarante that our children and our nation ar competit in the world __PUNCT__

the kei to econom progress is educ __PUNCT__ and the kei to educ is a good_teacher in the classroom __PUNCT__

hire these teacher will cost us three to four billion_dollar __PUNCT__ that is less than on on __PUNCT__ hundreth the amount we pai in interest on our nation_debt __PUNCT__

it is a small price to pai for a competit futur __PUNCT__

if we want to speak the languag of progress __PUNCT__ our kid must be fluent in scienc and math __PUNCT__

invest in peopl while we build for the futur and repair the damag of the past __PUNCT__ we must also invest in our peopl now __PUNCT__

we need to move aggress to creat high __PUNCT__ qualiti job and expand econom_opportun __PUNCT__

the american_dream ha alwai been big __PUNCT__ big enough for all of us __PUNCT__

but for too mani these dai __PUNCT__ the dream is shrink and shut them out __PUNCT__

that is unaccept __PUNCT__ everi american deserv the opportun to succe __PUNCT__

we need to get back to big dream and big_idea __PUNCT__

if we want more qualiti job __PUNCT__ we should give compani incent to creat them __PUNCT__

i will offer rebat for busi that hire disadvantag_children in high_school and colleg __PUNCT__

i will creat a rural job tax_credit for compani that creat_job in rural_area and a tax_credit for busi that creat manufactur_job __PUNCT__

i will also provid tax_credit to support new busi in emerg technolog and in low __PUNCT__ incom area __PUNCT__

i will quadrupl the energi tax credit for green_job __PUNCT__ job that ar good for the the american_worker and the american environ __PUNCT__

just as much as comput_programm and engin __PUNCT__ energi __PUNCT__ effici sheet metal worker __PUNCT__ plumber __PUNCT__ electrician __PUNCT__ and mason ar the kei to our econom_futur __PUNCT__

i will lead an apollo program for renew_energi __PUNCT__ green_build __PUNCT__ and energi_effici __PUNCT__

thi is the high technolog of the futur and america must lead it __PUNCT__

i agre with the apollo allianc on thi issu __PUNCT__

green_build is good for the environ __PUNCT__ it good for our worker and it good for our energi_bill __PUNCT__ no wonder the bush_administr is against it __PUNCT__

the govern must not onli lead the wai on a new gener of green_build __PUNCT__ but we must also encourag retrofit our exist busi __PUNCT__

and __PUNCT__ instead of build bridg to nowher __PUNCT__ we need to look at our critic_infrastructur __PUNCT__ our bridg __PUNCT__ road __PUNCT__ transport that lead our peopl to work everydai __PUNCT__

a public/priv partnership __PUNCT__ with union involv __PUNCT__ on green_build and revit america infrastructur __PUNCT__ will creat more high __PUNCT__ pai_job for worker right here in cedar rapid __PUNCT__

right here at ibew local___NUM__ __PUNCT__

we need tax and job polici that work __PUNCT__

i shape effect tax_polici in new mexico that have creat over __NUM___job __PUNCT__ driven unemploy to __NUM__ __PUNCT__ a histor low __PUNCT__ and lift person_incom __PUNCT__

i know how to get our economi work for all american __PUNCT__

in addit to creat new qualiti job __PUNCT__ we need to preserv the on we alreadi have __PUNCT__

we should restor america focu on protect our labor_forc __PUNCT__

first of all __PUNCT__ let me sai that i will be a friend to work_american __PUNCT__ till the dai i die __PUNCT__

on of my first act as governor wa to reinstat collect_bargain for public_employe in new mexico __PUNCT__

we then dramat_increas health_benefit and salari __PUNCT__

we rais our teacher salari from __NUM__ to __NUM__ in the nation __PUNCT__

i fought hard to rais the minimum_wage in my state __PUNCT__ and i have improv worker safeti __PUNCT__

as presid __PUNCT__ my secretari of labor will be a union_member __PUNCT__

as presid __PUNCT__ i will protect the right to collect_bargain and the right to form union __PUNCT__

i will strongli_support the employe free choic act __PUNCT__

how can we as a nation ask american_worker to help protect our futur __PUNCT__ if we don't allow them to protect their __PUNCT__ when i am presid __PUNCT__ we will improv all worker __PUNCT__ safeti __PUNCT__

presid_bush ha spent the past six year erod safeti regul and endang our workforc __PUNCT__

how do we expect our economi to grow if it worker aren't safe __PUNCT__ and __PUNCT__ i will index the minimum_wage to inflat __PUNCT__

the minimum wage is not just some number __PUNCT__ it is a realiti for mani american_famili __PUNCT__

i believ a fair dai work deserv a fair dai pai __PUNCT__ period __PUNCT__

how can we even begin to build respons __PUNCT__ fair __PUNCT__ and a new american_dream if we ar not strong enough to honor thi basic_principl __PUNCT__ we must also move beyond the debat over __PUNCT__ free_trade __PUNCT__ versu __PUNCT__ protection __PUNCT__

instead we must roll up our sleev and pursu better trade_agreement __PUNCT__ agreement that enhanc rather than erod u. __PUNCT__ job __PUNCT__ and that ar social just __PUNCT__ environment respons and polit sustain __PUNCT__

we also need to help famili with the rise_cost of live __PUNCT__

expens for health_care __PUNCT__ child_care __PUNCT__ and a colleg_educ ar rise faster than wage and our next presid must focu on make these more afford __PUNCT__

our nation strength is our peopl __PUNCT__ and we must do whatev it take to protect that resourc __PUNCT__

conclus there is no doubt that we face seriou challeng __PUNCT__ not the least of which is a presid who refus to face up to them __PUNCT__

we ar fall behind china in math and scienc __PUNCT__ while we run up a nation_debt __PUNCT__ much of which is own by that veri countri __PUNCT__

when presid_bush sai he increas educ fund __PUNCT__ he right __PUNCT__

he increas educ fund in china __PUNCT__ in india __PUNCT__ and everi other nation that own our debt __PUNCT__

right now __PUNCT__ we ar effect pai the world to surpass us technolog __PUNCT__

that just not right __PUNCT__

we face great_challeng __PUNCT__ but we ar the greatest nation in the histori of the world __PUNCT__ and our govern need to start act like it __PUNCT__

we need to get back to big american_dream __PUNCT__

we need to get back to the forward __PUNCT__ look nation that search out new frontier __PUNCT__

at the turn of the __NUM___centuri __PUNCT__ we were a hand of state huddl along the east_coast __PUNCT__

by the end of that centuri __PUNCT__ our nation span the contin __PUNCT__

american rode out west on hors and drove back in car __PUNCT__

our nation is more than a piec of land or a set of law __PUNCT__

america is the belief that tomorrow can be better than todai __PUNCT__

and unit we can do it __PUNCT__

togeth __PUNCT__ we can restor fiscal_disciplin to our govern __PUNCT__

togeth __PUNCT__ we can be the catalyst for innov __PUNCT__

togeth __PUNCT__ we can keep america promis to it middl_class worker a strong economi is the engin of everyth that america doe and everyth we want thi countri to be __PUNCT__

i got the record __PUNCT__

i got the experi and i readi to meet the challeng be issu by our econom competitor __PUNCT__

thank you __PUNCT__