today,americaisthemostdynamic,competitive,job-creatingeconomyinhistory,butwecandoevenbetterinbuildinga21stcenturyeconomythatembracesallamerica.
today''sincomegapislargelyaskillsgap.lastyear,thecongrepaedalawenablingworkerstogetaskillsgranttochoosethetrainingtheyneed.andialaudallofyouherewhowerepartofthat.
thisyear,irecommendafive-yearcommitmenttothenewsystem,sothatwecanprovideoverthenextfiveyearsaropriatetrainingoortunitiesforallamericawholosetheirjoandexpandrapidreoeteamstohelpalltowwhichhavebeenreallyhurtwhenbusineesclose.ihopeyouwillsuortthis.
also,iaskyoursuortforadramaticincreaseinfederalsuortforadultliteracytomountanationalcampaignaimedathelpingthemillioandmillioofworkingpeoplewhostillreadatlethanafifth-gradelevel.weneedtodothis.
here''ssomegoodnews.inthepastsixyears,wehavecutthewelfarerollsnearlyinhalf.
twoyearsago,fromthispodium,iaskedfivecompaniestoleadanationalefforttohirepeopleoffwelfare.tonightourwelfare-to-workpartnershipincludes10,000companieswhohavehiredhundredsofthousandsofpeople,andourbalancedbudgetwillhelpanother200,000peoplemovetothedignityandprideofwork.ihopeyouwillsuortit.
wemustbringthearkofprivateenterprisetoeverycornerofamerica,tobuildabridgefromwallstreettoaalachiatothemiiiidelta,toournativeamericancommunities,withmoresuortforcommunitydevelopmentbanksforempowermentzones,for100,000morevouchersforaffordablehousing.
andiaskcongretosuortourboldnewplantohelpbusineesraiseupto$15billioninprivatesectorcapital,tobringjoandoortunitiesandiercities,ruralareas,withtaxcredits,loanguarantees,includingthenewamericanprivateinvestmentcompanies,modeledontheoverseasprivateinvestmentcompanies.
now,foryearsandyearswe''vehadthisopic,thisoverseasprivateinvestmentcorporation,becauseweknewwehaduntaedmarketsoverseas.butourgreatestuntaedmarketsarenotoverseas–theyarerighthereathome.andweshouldgoafterthem.
wemustwork