-- i think it will be interesting for media and people in the media industry to understand this change we are going through from a filtered outside in view of the event where there is a broadcast and you get this kind of linear progression that is delivered to you in a certain way. from the participants and people at the event. >> we are feeling sorry for the nbc folks who spend all this money to do something that is timed delayed.

there is an alternative narrative. watch the olympics via twitter. it is a different choice. >> you can watch this discussion monday night at 8:30 eastern on c-span2. >> president obama was in chicago today for several fund- raising events. he commented on mitt romney's choice of paul ryan as his running mate. tomorrow, the president begins a three-day bus tour across iowa. this event is about half an hour. >> chicago looks good.

i am now 51. michele says i do not look a day over 50. there are a couple people i want to acknowledge. thank you so much. thank you for all that you do. everybody on the host committee thank you for the great job that you do. we just had the olympics closing ceremony and we could not be prouder of for u.s. athletes.

bringing home the gold conducting themselves as we would hope -- they did an outstanding job. all of you look like pretty smart folks. unless your cable is broken it's you know we have a pretty intense campaign going on right now. the reason this is such an intense campaign is because we could not have a bigger choice in front of us down the one we face in november. it is not just a choice between two candidates or to political parties. more than any other election, this is a choice about two different visions for the country.

the direction we choose, at the direction that you choose when you walked into the voting booth is going to make a difference in your life and in the lives of your children and the lives of their grandchildren. it will make a difference for decades to come. four years ago we came together. not just democrats. we came together because we felt as if the basic bargain that built this country was in danger. if you work hard, you can get ahead. the basic idea that if you act responsibly, if you are putting in all of your efforts, you can find a job that pays the bills. you can find a home you can call your own. you can send your kids to college. you will not go bankrupt when

you get sick. you can would tire with dignity and respect. -- retire with dignity and respect. the next generation can train the -- tangerine even bigger than wheat even imagined. -- tan dream even bigger than we even imagined. it made as the most powerful economy in the world. built largest middle-class in the world. in america, you can make it if you try. we have gone through a decade in which bad basic compact seemed as if it was not true for too many people. folks at the top for doing pretty well. for ordinary families, it felt as though people are working harder making less, while the cost of everything was going up. jobs are being shipped overseas. we ran two wars on a credit

card. we turned surpluses into deficits. they culminated in the worst financial crisis since the great depression. we have spent the last 3.5 years trying to get us back on track. we saved an automobile industry on the brink of collapse. [applause] we worked with the financial sector to start doing things the old-fashioned way, lending to businesses and families and said of engaging in reckless speculation. we did instead of engaging in reckless speculation. we have a long way to go. all of us know family members, neighbors who are still out of work or whose homes are still under water. too many folks are burdened by enormous college debt.

too many boats do not have a sense that tomorrow will be better than today. which way do we go? do we go forward tax toward a new vision of an america which prosperity is shared? to go forward to the same policies that got us in the mess in the first place? we have to go forward. i believe we have to keep working to create an america that no matter who you are or what you look like or where you come from, no matter who you love, you can make it here if you try. that is what is why i am running for a second term as president.

2 we have got everything we need to make things work here in america. we still have the best workers in the world. we have the best entrepreneurs in the world. we have the best colleges and universities. the best scientists. the best researchers. we have the greatest diversity of talent and ingenuity from every corner of the globe. chicago is an example of what makes this country great. what is holding us back is not the lack of big ideas or big plans. what is holding us back is a brand of washington politics that says we're not going to compromise and no matter what. it is gridlocked in stalemate and propaganda by the other side that somehow we're going to grow the economy by the top down and the people at the top are doing really well then every one else will benefit.

this economics is central to governor romney and it is central to his running mate. yesterday morning my opponent shows his running mate. the ideological leader of the republicans in congress, mr. paul ryan. i want to congratulate him. i know him. i welcome him to the race. congressman ryan is a decent a family man. he is an art to you a spokesman

for governor romney's vision. it is a vision i fundamentally disagree with. my opponent and congressman ryan and their allies in congress, and they believe that if we get red and more corporations and give more tax breaks to the wealthiest americans it will lead to jobs and prosperity. that is where they will take us if they win. this is not speculation. it is embodied in the budget. the centerpiece of his entire economics is a $5 trillion in tax cuts, a lot going to the wealthiest americans. last week we found out that the paper of this five trillion dollar tax cut, not only with we see them gut education science and research, gut things like rebuilding our roads and bridges, but it turns out that

it would also raise taxes on middle-class families by an average of $2,000 each. not to reduce the deficit. not to create more jobs. independent economists have said there's nothing in the plan that would create jobs right now. this would all the in order to give another $250,000 tax cut to people that are making $300 million a year or more.

they have tried this before. they have tried to sell us this trickle-down fairy dust before and it did not work. it did not work. it is not a plan to cut the deficit. it is not a plan to revise the middle class. it is not a plan to move our economy forward. we do not need more taxes for folks like me. we need to get more taxes to working americans, the middle class families. for folks who are trying to raise their children and send them to college and keep a roof over their heads. that is the choice in this election. that is why i am running for a second term as president. [applause] four years ago i promised the american people i would cut taxes on middle-class families.

that is what i did. the typical middle-class families is paying less for their taxes than when i came in office. i want to keep income taxes exactly where they are with everyone that is making $250,000 or more. that is 97 certification a small businesses. if your income is $250,000 or less, your taxes will not go up a dime. if you make more, you can pay a little more and help young people go to college and make sure we are investing in in basic research to cure things like alzheimer's and cancer. we're asking you to contribute a little bit more. the government is still going to have to do its part.

we have already cut $1 trillion of spending. we can cut out programs that do not work to make sure we can invest in the things that do. we can make government more streamlined and efficient. if we are going to be serious about reducing the deficit for folks like me to go back and pay at the rate that existed when bill clinton was president only creed 23 million jobs, went from deficit to surplus and created a whole bunch of millionaires, that is the right plan. when a construction worker or a teacher or receptionist, when they have money in their pocket? what do they do? they may go out and buy that new appliance or restaurant or take a vacation once in a while.

business has more customers. they hire more workers. that is how our economy has grown, not from the top down but from the middle out. when we create opportunity for everyone who works hard, that is why i am running for a second term. that choice, you can see it in every issue between myself and mr. romney. governor romney said let it go bankrupt. i said with 1 million workers and an iconic american industry, i will bet on the american workers. three years later, gm is number one again and american auto has

come back. that is the truth of this election. i want to make sure that high- tech manufacturing takes root here in the united states. i want to stop giving tax-free to companies that are shifting jobs overseas. as the money to companies investing in here in chicago cleveland, pittsburgh. hiring american workers, with products that say made in america. i am running to make sure that after a decade of war we start doing some nation-building here at home. in 2008 i promise we would end the war in iraq. we ended it. i said we would go after al qaeda and osama bin laden. we did.

now we're beginning a transition in afghanistan, making afghans more responsible for their own security. all of this is possible only beuse of the extraordinary men and women in uniform to protect our freedom every single day at great sacrifice to themselves. the question now is, what country are they coming back to? we want to give them a country full of opportunity. part of that is making sure we are doing right by them. as long as i am commander in chief, they would get the benefits they earn. if you fought for america you should not have to fight for a job or a roof over your head when you come home. it also means making sure the economy is absorbing the folks who are coming home. i wanted to cap the money we are

spending on war and start investing here in our school goals and roads here. let's make sure we are putting teachers back to work. there is so much that we can do with the savings that we had. it will make america strong there. it will make america safer not just for the next five or 10 years of four decades to come. that is the america we want to build. that is the choice in this election. i am running because i want to make sure we have the best education system in the world. i want to help local school districts hire and retain the best teachers, especially in matt and science. i want to get 2 million more people to go to community colleges to train for jobs the businesses are hiring for. i want to make sure that we make

college affordable not only by making sure we continue to expand our efforts in pell grants and loans and making sure the colleges and universities are keeping their costs down. higher education is no longer a luxury. it is an economic necessity. we have to fight for it. on every issue there is a stark contrast. when it comes to homeownership, my opponent says foreclosures bottom out. that is not a solution. i want to make sure homeowners can refinance the rates, say $3,000. how many people here can use an extra $3,000? my opponent says we should go

back to the days when folks went broke because they got sick. he want to kill the affordable care act, also known affectionately as obamacare. [applause] i believe it was the right thing to do for young people to be able to stay on their parents' plan, a 6.5 million young people have insurance that did not have it before. i want to make sure people with pre-existing conditions get health insurance. it is the right thing to do for everybody to get preventive care including women who can have the control over there on health care decision. we are not going backwards. we're going forward.

we did the right thing to and don't ask don't tell. we're going forward. we helped out. across all of these things whether we're talking about manufacturing, a strong housing market, affordable college, and education system that works, it has to do with how we create security for middle-class folks and how we create ladders of opportunity for everyone. that is how we have always growing this economy. that is at the heart of what we believe. everybody who works hard has a shot. everybody gets a fair shot. everybody does their fair share. everybody plays by the same set of rules. everyone plays together so we are not on our own. that is the vision we put

forward in 2008. that is the vision we are fighting for in 2012. that is the choice in this election. that is why i am running for president. >> [chanting "four more years"} >> let me close up by saying this. we have less than three months. that goes by quick. as you go older, like 51 you will find out it goes even quicker. during this time we will see the other side spend more money than we have ever seen ever. they are writing to million dollars checks. they are cranking it out.

if you live in a battleground state economic away from their advertising. the reason they have to advertise like this is because economic theories do not sell. we remember what they're selling. it did not work. they are going to repeat over and over the economy is not good and it is obama's fault. they will have a variation of but it is the same thing. it may be a plan to win an election, but is not a plan to win jobs. it is not a plan to revive the middle class are make america strong there. it feeds into the fear of how summoning people feel about washington. it is not a plan for hope.

it does not caption america as it best, a bold optimistic america. the good news is we have been outspent before. i have been counted out before. what has always given me faith and has given the confidence is you. it is all of you. it is the fact when the american people come together and they cannot be stopped. when you guys were out there making things happen, you cannot be stopped. i am going to need your help. we have come too far to go back now. we have too many good jobs to create. we have too many teachers we need to hire. we have too many schools we need to rebuild. we have too many students needing to afford college.

we have too much, grown energy we need to create. we have more doors of opportunity we have to open. i am asking for your work. i need your help over the next three months. i do not meet you just knocking on doors. i need you to make phone calls. i need you to talk to your friends. i need you to go into iowa a battleground state, and make some calls over there. we have got to get help. you have to get on our website. you have to make sure you are signing up. if you are as passionate and as

energized and determined as you were before, then we will not lose. it is true that i am --i said i would always tell you how i thought. i would tell you how every minute of every day i think about you. and fight as hard as i knew how for you. i have kept that promise. i still believe in you. if you still believe in me and are willing to get out there over the next 86 days, we will not just win this election. we will finish what we started and remind the world just why it is the united states of america is the greatest nation on earth. god bless you, chicago. god bless the united states of america. ♪ [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012]

♪ ♪

♪ \

♪