Weekly Address: We Can't Wait to Create Jobs
President Obama says that we can’t wait for Congress to take action to grow the economy and create jobs and highlights actions he took to help families refinance their mortgages, put veterans to work, and lower the cost of student loans.
Watch the video.
President Barack Obama tapes the weekly address, and a video for National Veterans Network, in the White House Library, Oct. 28, 2011. (Official White House Photo by Lawrence Jackson)
Here's what happened this week on Whitehouse.gov:
Helping Homeowners After Republicans in the Senate blocked the jobs bill yet again, President Obama hit the road with a new message, “We Can’t Wait." The President decided to take executive action to create jobs and put money back in the pockets of Americans. While in Las Vegas, the President announced steps to make it easier for homeowners to refinance their mortgages, helping responsible borrowers with little or no equity in their homes take advantage of today’s low mortgage rates.
Modifying Student Loans On a snowy day in Colorado, President Obama announced a new effort that will help borrowers better manage their student loan debt. He said he will move forward with A “Pay As You Earn” program that will reduce monthly payments for more than 1.6 million people. Starting in 2014, borrowers will be able to reduce their monthly student loan payments from 15 percent to 10 percent of their discretionary income.
Hiring Veterans The Obama Administration challenged each of the 8,000 Community Health Centers around the country to hire one veteran, effectively opening up 8,000 jobs to our unemployed veterans. These health centers, which provide primary care services in typically underserved areas, are a major piece of President Obama’s historic health care reform law.
We The People On Wednesday, President Obama’s top education advisors issued the first response to a petition created through the online petition site, We The People. The response addressed the petition “Taking Action to Reduce the Burden of Student Loan Debt”. The Administration recognized the high cost of education and moved forward to reduce monthly loan payments for more than 1.6 million people. The online tool that allows Americans to voice their opinions to the government has had around 755,000 people use the platform to create or sign more than 12,400 petitions.
Tonight Show The President flew to L.A. to appear on the Tonight Show with Jay Leno. The two talked about Libya, the withdrawal of troops from Iraq, and reality television -- including a show on C-SPAN called ‘Congress.’
West Wing Week: Check out your video guide to everything that happened at 1600 Pennsylvania Avenue.
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