President Obama Weekly Address Video, Transcript Jan. 7, 2012 (Radio, YouTube Video)

President Barack Obama official portrait

Here is President Barack Obama’s weekly address video and transcript from Saturday, January 7, 2012, on radio and YouTube video. In his speech this week, the President talked about his appointment of Richard Cordray to lead the Consumer Financial Protection Bureau and shared his New Year’s resolution, to do whatever it takes to move the economy forward.

The full speech text and video are below, followed by the Republican Weekly Address video.

Article continues below.

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WEEKLY ADDRESS: Continuing to Grow the Economy in the New Year

Remarks of President Barack Obama
Weekly Address
The White House
Saturday, January 7, 2012

Hello, everybody.

This week, I traveled to Cleveland, Ohio, to talk with folks about the biggest challenge we face as a country – rebuilding our economy so that, once again, hard work pays off, responsibility is rewarded, and anyone, regardless of who they are or where they come from, can make it if they try. That’s the economy America deserves. That’s the economy I’m fighting every day to build.

Now, to get there, the most important thing we need to do is get more Americans back to work. And over the past three years, we’ve made steady progress. We just learned that our economy added 212,000 private sector jobs in December. After losing more than 8 million jobs in the recession, we’ve added more than 3 million private sector jobs over the past 22 months. And we’re starting 2012 with manufacturing on the rise and the American auto industry on the mend.

We’re heading in the right direction. And we’re not going to let up. On Wednesday the White House will host a forum called “Insourcing American Jobs.” We’ll hear from business leaders who are bringing jobs back home and see how we can help other businesses follow their lead.

Because this is a make or break moment for the middle class and all those working to get there. We’ve got to keep at it. We’ve got to keep creating jobs. And we’ve got to keep rebuilding our economy so that everyone gets a fair shot, everyone does their fair share – and everyone plays by the same rules. We can’t go back to the days when the financial system was stacking the deck against ordinary Americans. To me, that’s not an option. Not after all we’ve been through.

That’s why I appointed Richard Cordray as our nation’s new consumer watchdog this week. Richard’s job is simple: to look out for you. Every day, his sole mission is to protect consumers from potential abuses by the financial industry and to make sure that you’ve got all the transparent information you need to make the important financial decisions in your lives.

I nominated Richard for this job last summer. And yet, Republicans in the Senate kept blocking his confirmation – not because they objected to him, but because they wanted to weaken his agency. That made no sense. Every day we waited was a day you and consumers all across the country were at greater financial risk.

So this year, I’m going to keep doing whatever it takes to move this economy forward and to make sure that middle class families regain the security they’ve lost over the past decade. That’s my New Year’s resolution to all of you. Thank you, and have a great weekend.


Click here to watch the Jan. 7, 2012 Weekly Republican Address delivered by Rep. Nan Hayworth, M.D. of New York via, discussing jobs bills passed in the House to empower small businesses and foster job creation. She said in part: ““Today’s jobs report is the latest evidence that finding work in this economy remains a struggle. Three years ago, the incoming Obama Administration claimed its ‘stimulus’ would keep unemployment below eight percent. However, unemployment has now been above eight percent for 35 straight months, and thousands of residents of New York’s Hudson Valley are still looking for employment. That’s why I’m sponsoring jobs fairs in our District.

“I’ve joined my House colleagues, both Republicans and Democrats, in working with the Senate and the President to find consensus wherever possible. This year the House of Representatives has passed 28 pro-growth, job-creating bills with votes from both sides of the aisle. We urge the President and the Senate to put aside partisan politics and work with us to pass these jobs bills and get the American people back to work.”

Photo credit: Official White House Photo by Pete Souza

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President Obama Weekly Address Video, Transcript Jan. 7, 2012 (Radio, YouTube Video)

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