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奥巴马在菲尼克斯市发表关于美国住房融资体系改革英语演讲稿

THEPRESIDENT:Hey!Hello,Phoenix!(Applau.)Hello,

Arizona!(Applau.)Itis--

AUDIENCEMEMBER:Weloveyou,Obama!

THEPRESIDENT:odtobehere.

(Applau.)

IwanttosaythankyoutotheThunderforhostingushere

today.(Applau.)Well,outo

giveitupforsomebodywho'sbeenfightingforhomeowners

andworkingfamilieverysingleday,who'swithmetoday--

SecretaryShaunDonovan,eisright

mabigroundofapplau.(Applau.)We've

gotCongressmanEdPastorwho'shereaswell.(Applau.)We've

gotyourMayor,GregStanton,here.(Applau.)Doingan

llthemayorsandstatelegislators

andtriballeaderswhoareheretoday,thankyou.(Applau.)

GiveJorgeabigroundofapplauforhisintroduction.

(Applau.)Toyoursuperintendent,hBaca.(Applau.)

Yourprincipal,ttle.(Applau.)AndI

appreciateeverybodyatDertVistaforhavingmeheretoday.

(Applau.)Itisgoodtoethestudentsareprettyenthusiastic

aboutbeingbackinschool.(Laughter.)I'mnotsureIwouldhave

beenthatenthusiasticstartingonthe6th.(Laughter.)

AndIknowthisisn'tyourtypicalschool--conddayof

ttogiveaspecialshout-outtothenewniors,

classof2019.(Applau.)Youareawarethatyou'renot

finishedyet.(Laughter.)Senioryear,that'ssometimestempting.I

wantyoualltostayfocud.

Overthepastcoupleweeks,Ihavebeen--

AUDIENCEMEMBER:Happybirthday,ent!

THEPRESIDENT:ou.

(Applau.)Itwasmybirthdaytwodaysago.(Laughter.)Got

somesingershere.

AUDIENCE:Happybirthdaytoyou,happybirthdaytoyou,

happybirthday,ent.(Applau.)

THEPRESIDENT:ou.

(Applau.)Iamnow52,andMichellesaysthatIdon'tlookaday

over51.(Laughter.)

Sooverthelastfewweeks,I'vebeenvisitingtownsallacross

thecountry,talkingaboutwhatweneedtodotocureabetter

bargainforthemiddleclass--anationalstrategytomakesure

thateverybodywhoworkshardhasachancetosucceedinthe

21stcenturyeconomy.

AndIthinkpeopleinArizonaespeciallyunderstandthe

challengesthatareoutthere,becauforthepastfourandahalf

years,together,wefoughtourwaybackfroma

devastatingrecessionthatcostmillionsofjobsforAmericans.A

lotoffolkslosttheirhomes;

whattherecessionshowedwasthelongerosionofmiddle-

classcuritythathadbeentakingplacefordecades.

onabrokenhealthcaresystem.

stedin

newtechnologiestoreverouraddictiontoforeignoil.

Wechangedataxcodethathadbecometiltedalittlebittoo

muchinfavorofthewealthiestAmericansattheexpenof

workingfamilies.(Applau.)Wesavedtheautoindustry.

We'venowgotGMthatplanstohireathousandnewworkers

rightnextdoorinChandlertomakesurewe'rebuildingsomeof

thebestcarsintheworldrighthereintheUnitedStatesof

America.(Applau.)

Ourbusinesshavecreated7.3millionnewjobsoverthe

ellmoreproductsmadeinAmericato

ortsarewayup.

Weproducemorerenewableenergythaneverbefore,more

carecostshavebeen

deficitsare

'remaking

progress.(Applau.)

Sothankstotheeffortsofalotofpeoplelikeyou,we've

'restartingtolay

thefoundationformorestable,moredurableeconomic

nymiddle-classfamilywilltellyou,we'renotyet

eevenbeforethecrisishit,wehad

livedthroughadecadewhereafewatthetopweredoing

betterandbetter,butmostfamilieswereworkingharderand

harderjusttogetby.

Andreversingthistrendshouldbe--mustbe--

Washington''smyhighestpriority.(Applau.)

IwanttomakesurethatinAmerica,itdoesn'tmatterwhat

youlooklike,whereyoucomefrom,whoyoulove--youshould

uldbeabletomakeit.

(Applau.)

Now,unfortunately,forthelastyearorso,we'vehadan

endlessparadeofdistractionsandpoliticalposturingandphony

scandalsthatshiftfocusawayfromwhatdoweneedtodo

toshoreupmiddle-classfamiliesandcreateladdersof

Washingtonheadstowardsanotherbudgetdebate,thestakes

couldnotbehigher.

Andthat'swhyI'mtravelingaround,layingoutmyideasfor

howwehavetobuildthecornerstonesofwhatitmeanstobe

middleclass:agoodjobwithgoodwages;ahometocallyour

own;agoodeducation;affordablehealthcarethat'sthereforyou

whenyougetsick;acureretirementevenifyou'renotrich;the

opportunity--theladdersofopportunityforpeopletoearntheir

wayintothemiddleclass,

aretheelementsthatIthinkallofusbelievein,butrightnow

we'renotdeliveringasmuchasweshouldonthopromis.

Now,lastTuesday,IwenttoTennesetotalkaboutthefirst

cornerstone,whichishowdowemakesurethatwe'recreating

goodmiddle-classjobshereintheUnitedStatesof

'vecometoPhoenixtotalkaboutthecond

component,whichisthemosttangiblecornerstonethatliesat

theheartoftheAmericanDream,attheheartofmiddle-classlife

--andthat'sthechancetoownyourownhome.(Applau.)The

chancetoownyourownhome.

We'vegotalotofyoungpeopleherewhoarethinkingabout

college,they'regoingtogetahighereducation,they'regoingto

findajob,they'regoingtofindsomebodytheylove,

they'reasontheywillis

becauahomeistheultimateevidencethathereinAmerica,

hardworkpaysoff,thatresponsibilityisrewarded.

Ithinkaboutmygrandparents'

grandfatherrvedinWorldWarII,hefoughtinPatton'sArmy--

whenhegotback,thiscountrygavehimachancetogoto

,butitalsogavehimthechancetobuyhis

,andtogenerations

ofAmericansbeforeandsince,ahomewasmorethanjusta

placetoraikids,toputdownroots;aplacewhereyoucould

buildupsavingsforcollege,ortostartabusiness,ortoretirewith

somecurity.

Andbuyingahomerequiredresponsibilityoneverybody's

nbankswere

suppodtogiveyouafairdeal,withtermsyoucouldunderstand,

andbuyersweresuppodtolivewithintheirmeansandmake

atearlier

generation,housweren'tforflippingaround,theyweren'tfor

speculation--housweretolivein,andtobuildalifewith.

Andunfortunately,overtime,responsibilitytoooftengave

recklesslenderswhosoldloansto

peopletheyknewcouldn''sfaceit,wealso

hadsomerecklessbuyerswhoknewtheycouldn'taffordthem

especiallyinsomeplaceslikeArizona,itwasdevastatingwhen

nsof

Americanswhohaddoneeverythingrightwerehurtbadlybythe

gpricesplummeted.

BythetimeItookoffice,homevalueshadfallenalmost20

singstartshadfallen

dsofthousands

dnumberof

tof

peoplehereinPhoenix,spart

ofGroundZeroforthehousingbubblebursting.

SolessthanamonthafterItookoffice,Icamehereto

ArizonaandIlaidoutstepstostabilizethehousingmarketand

truthisit'sbeenalong,singmarketisso

bigthatitwasgoingtotakesometimetohealwhenitgothurt

'ing

thattime,wehelpedmillionsofAmericanssaveanaverageof

$3,edmillions

ofresponsiblehomeownersstayintheirhomes,whichwas

goodfortheirneighborsbecauyoudon'twantabunchof

foreclosuresignsinyourneighborhood.

WhereCongresswouldn'tact,wewentaheadandacted,so

overthepastfewyears,wehadtheDepartmentofJusticestand

upforbuyerswhohadbeendiscriminatedagainstorconned

onattlementthatgavemore

moneytovictimsofdiscriminationinoneyearthaninthe

previous23yearscombined.(Applau.)

Weworkedwithstatestoforcebigbankstorepaymorethan

$50billiontomorethan1.5millionfamilies--largestlending

ttlementinhistory.(Applau.)Weextendedthetimethatfolks

whohadlosttheirjobscoulddelaytheirpaymentontheir

keddown

,

youhadsomeloansbackthereinthebubblethatwerecalled

“liar'sloan.”Now,somethingthat'scalledaliar'sloanis

probablyabadidea.(Laughter.)

Sobecauofalltheactionswe'vebeentaking,our

icesarerisingatthe

reupnearly50

eclosures

nsoffamilieshavebeenable

tocomeupforair--they'renolongerunderwaterontheir

mortgages.(Applau.)

AndjustlikethecrisishitPhoenixveryhard,thankstosome

greatleadershipherelocally,Phoenixhasalsoledoneofthe

biggestcomebacksinthecountry.(Applau.)Soyoushould

beproudofwhatyou'icesinPhoenixhave

esalesare

upbymorethan25percent.

Thismorning,rightbeforeIcamehere,IvisitedErickson

Construction--(applau.)We'vegotsomeEricksonfolkshere.

Andtheywereexplaininghowrightwhenthebubblehit,Erickson

hey'reemploying

580people--andthey'rehiringevenmorepeople--(applau)

--becauthehousingmarketisbouncingback.

Sothat''snotjust

importantforthepersonwhoownsthehou;oureconomyisso

ers

feelbetterwhentheirhomevaluesareinabetterplace,sothey're

peoplewhowanttostarta

business,theirsavingsmaybelockedupintheir

uctionworkers,contractors,suppliers,carpet

makers,allthefolksareimpactedbythehousingindustry.

Sowe'vemadeprogress,andthat'shelpedtomovethe

''re

'vegottogivemore

hardworkingAmericansthechancetobuytheirfirsthome.

(Applau.)Wehavetohelpmoreresponsiblehomeowners

refinancetheirmortgages,becaualotofthemstillhavea

spreadbetweentheratesthey'repayingrightnowontheir

mortgageandwhattheycouldbegettingiftheywereableto

refinance.

Andwe'vegottoturnthepageonthiskindofbubble-and-

bustmentalitythathelpedtocreatethismessinthefirstplace.

(Applau.)Wegottobuildahousingsystemthatisdurableand

's

whatwe'vegottodo.(Applau.)

SoI'vealreadyputforwardabunchofideasthatwillhelp

,look,thefactofthematterisCongress

hasn'tenactedallofthem,soI'dlikeyoutoencouragemembers

ofCongresstotakesomeoftheactions.(Applau.)

Butliketheotheractionsthatwe'vetaken,thewillnothelp

theneighborsdownthestreetwhoboughtahouthatthey

couldn'tafford,andthenwalkedawayfromitandleft

'twanttohelpspeculators

whoboughtmultiplehomesjusttomakeaquickbuck.

Whatwewanttodoisputforwardideasthatwillhelp

millionsofresponsible,middle-classhomeownerswhostillneed

anttohelphardworkingAmericanswhodream

ofowningtheirownhomefairandsquare,haveadownpayment,

arewillingtomakethopayments,understandthatowninga

rearesomeimmediate

actionswecouldtakerightnowthatwouldhelponthatfront,

ejustlistacoupleofthem.

Numberone:Congressshouldpassagood,bipartisanidea

toalloweveryhomeownerthechancetosavethousandsof

dollarsayearbyrefinancingtheirmortgageattoday'srates.

(Applau.)'vebeentalkingabout

itforayearandahalf,twoyears,'snoreason

nottodoit.(Applau.)

Stepnumbertwo:Nowthatwe'vemadeitharderforreckless

buyerstobuyhomesthattheycan'tafford,let'smakeitalittlebit

easierforqualifiedbuyerstobuythehomesthattheycanafford.

(Applau.)SoShaunDonovanhasbeenworkingwiththe

financeindustrytomakesurewe'resimplifyingoverlapping

regulations;we'recuttingredtapeforresponsiblefamilies

whowanttogetamortgagebutkeepgettingrejectedbythe

togivewell-qualifiedAmericanswholosttheir

jobsduringthecrisisafairchancetogetaloanifthey'veworked

hardtorepairtheircredit.

Andstepthreeissomethingthatyoudon'talwayshear

aboutwhenitcomestothehousingmarket,andthatisfixingour

dactuallyhelpour

housingmarket.(Applau.)

It'sprettysimple:Whenmorepeoplebuyhomesandplayby

therules,ordingtoone

recentstudy,theaveragehomeownerhasalreadyenthevalue

oftheirhomeboostedbythousandsofdollarsjustbecauof

goodnewsis,withthehelpofyour

Senators,JohnMcCainandJeffFlake,theSenatehas

'sgotthesupport

ofCEOsandlaborandlawenforcement.(Applau.)Thiscould

helphomeownershiphere.

SoIwantyoutoencourageRepublicansintheHouof

'sgoaheadand

getthisdone.

Stepnumberfour:Weshouldaddresstheunevenrecovery

byrebuildingthecommunitieshitthehardestbythehousing

crisis,'sput

constructionback--constructionworkersbacktoworkrepairing

rundownhomes,tearingdownvacantpropertiessothatthevalue

putpeopletoworkrightnowandimprovetheremaininghousing

stockthat'soutthere.(Applau.)Placesthatarefacingalonger

roadbackfromthecrisisshouldhavetheircountry'shelptoget

backontheirfeet.

Stepfive:Weshouldmakesurefamiliesthatdon'twantto

buyahomeorcan'tyetaffordtobuyonestillhaveadecentplace

torent.(Applau.)It'simportantforusto

encouragehomeownership,butalotofpeoplerentandthere's

ottomakesurethatweare

creatingaffordableopportunitieswhenitcomestorental

properties.

Intherun-uptothecrisis,banksandgovernmentstoooften

madeeverybodyfeelliketheyhadtoownahome,evenifthey

weren'treadyanddidn''samistake

d,let'sinvestinaffordablerental

'sbringtogethercitiesandstatestoaddresslocal

barriersthatdriveuprentsforworkingfamilies.(Applau.)

SoifwehelpmoreAmericansrefinancetheirhomes,ifwe

helpqualifiedfamiliesgetamortgage,wereformour

immigrationsystem,werebuildthehardest-hitcommunities,

wemakesurethatfolkshaveadecentplacetorentifthey'renot

yetabletobuy--allthestepswillgivemoremiddle-class

familiesthechancetoeitherbuytheirownhomenowor

'sgoingtogivemorereliefto

smoreoptionstofamilieswho

aren'tisgoingtoimprovethehousing

marketandwillimprovetheeconomy.

But--andthisisthelastkeypointIwanttomake--ashome

pricesri,wecan'

everybodyhereinArizonalearnedsomehardlessonsfromwhat

gpricesgenerallydon'tjustkeepongoingup

t'swhyI

wanttolayarock-solidfoundationtomakesurethekindofcrisis

'vegottomakesureit

doesn'thappenagain.(Applau.)

Andoneofthekeythingstomakesureitdoesn'thappen

againistowinddownthecompaniesthatarenotreally

government,butnotreallyprivatector--they'reknown

long,thecompanies

wereallowedtomakehugeprofitsbuyingmortgages,knowing

thatiftheirbetswentbad,taxpayerswouldbeleftholding

“headswewin,tailsyoulo.”Anditwaswrong.

AndalongwithwhathappenedonWallStreet,ithelpedtoinflate

thisbubbleinawaythatultimatelykilledMainStreet.

Sothegoodnewsis,rightnowthere'sabipartisangroupof

natorsworkingtoendFannieandFreddieasweknowthem.

y're

followingfourcoreprinciplesforwhatIbelievethisreformshould

looklike.

First,privatecapitalshouldtakeabiggerroleinthe

hatsoundsconfusingtofolkswhocall

measocialist--IthinkIsawsomepostersthereonthewayin.

(Laughter.)tlike

thehealthcarelawthatweputinplace,Obamacare--(applau)

--which,bytheway,ifyoudon'thavehealthinsuranceoryou're

buyingitatexorbitantratesontheindividualmarket,startingon

October1st,youcanjoinamarketplaceandbepartofapoolthat

givesyoumuchlowerpremiums,savesyoualotofmoney.

(Applau.)

Butinthesamewaythatwhatwedidwithhealthcarewas

totupclearrulesforinsurancecompaniestoprotect

consumers,makeitmoreaffordable,butstillbuiltonthe

privatemarketplace,Ibelievethatourhousingsystemshould

operatewherethere'salimitedgovernmentroleandprivate

thatincludes,bytheway,community-badlenderswhoview

theirborrowersnotasanumber,'sone

principle.

Acondprincipleiswecan'tleavetaxpayersonthehook

forirresponsibilityorbaddecisionsbysomeofthelendersor

FannieMaeorFreddieMac.(Applau.)We'vegottoencourage

thepursuitofprofit,buttheeraofexpectingabailoutafteryou

pursueyourprofitandyoudon'tmanageyourriskwell--well,

'reendingthodays.

We'renotgoingtodothatanymore.(Applau.)

Thethirdprincipleisweshouldprerveaccesstosafeand

simplemortgageproductslikethe30-year,fixed-ratemortgage.

That'ssomethingfamiliesshouldbeabletorelyonwhenthey're

makingthemostimportantpurchaoftheirlives.(Applau.)

Numberfour,we'vegottokeephousingaffordableforfirst-

ey're

readytobuyahou,we'vegottomakesureit's

eswhoareworkingtoclimbtheirwayintothe

middleclass,we'vegottodowhatwecantomakehousing

tmeanswe'vegottostrengthentheFHAso

itgivestoday'sfamiliesthesamekindofchanceitgavemy

grandparentstobuyahome,anditprervesthorungsonthe

ladderofopportunity.

Andwe'vegottosupport,asIsaid,affordablerentalhousing.

And,bytheway,we'vealsogottokeepupourfightagainst

homelessness.(Applau.)TheMayorofPhoenixhasbeendoing

'vegottocontinue

toimproveit.(Applau.)

SinceItookoffice,wehelpedbringoneinfourhomeless

veteransoffthestreets.(Applau.)Weshouldbeproudofthat.

HereinPhoenix,thankstothehardworkofeveryonefrom

MayorStantontothelocalUnitedWaytoUSAirways,you'reon

tracktoendchronichomelessnessforveterans,period,by2019.

(Applau.)

Butwe'vegottokeepgoing,becaunobodyinAmerica,

andcertainlynoveteran,shouldbelefttoliveonthestreets.

(Applau.)

Sohere'sthebottomline:Putalltheprinciplestogether,

that'sgoingtoprotectourentireeconomyanditwillimprovethe

housingmarketnotjusthereinPhoenix,butthroughoutthestate

andthroughoutthecountry.

We'realsogoingtoneedtomakesure,though,thatwe're

'vegottogivethemthe

'vegota

ConsumerFinanceProtectionBureauthatwecreated.(Applau.)

Andit'slayingdownnewrulesoftheroadthateverybodycan

countonwhenthey''re

designinganew,simplemortgageformthatwillbeinplain

English,soyoucanactuallyreaditwithoutalawyer--(applau)

--although,youmaystillwantalawyerobviously.I'mnotsaying

youdon't.I'mjustsayingyou'llbeabletoreadit.(Laughter.)There

won'yyouknowbeforeyouowe.

(Laughterandapplau.)

AndtheSenatefinallyconfirmedRichardCordrayasthe

headofthis--headwatchdogfortheCFPB.(Applau.)Sohe's

outthereaggressivelyprotectingconsumersandhomeowners.

Whenitcomestosomeoftheotherleadersweneedtolook

outfortheAmericanpeople,theSenatestillhasajobtodo.

Monthsago,InominatedamannamedMelWatttobeour

nation'outstandingmemberof

ingthattime,hewasontheHousing

Committee--workedwithbanks,workedwithborrowersto

protectconsumers,

ssandtheSenateshould

givehisnominationanupordownvotewithoutany

'thavetimeforthokindsof

games.(Applau.)

ramorpolicyis

goingtosolvealltheproblemsinamulti-trilliondollarhousing

singbubblewentupsohigh,theheights

itreachedbeforeitburstweresounsustainable,thatweknewit

etake

thestepsthatItalkedabouttoday,thenIknowwewillrestorenot

justourhomevalues,'llmake

owningahomeasymbolofresponsibility,notspeculation--a

sourceofcurityforgenerationstocome,justlikeitwasformy

ttobejustlikethatforalltheyoungpeople

whoareheretodayandtheirchildrenandtheirgrandchildren.

(Applau.)

Andifwestayfocudonmiddle-classcurityand

opportunitiestogetintothemiddleclass,ifwetakethestrategy

thatI'mlayingoutfortheentireeconomy--forjobsandhousing

andeducation,healthcare,retirement,creatingladdersof

opportunity--thenwewillcurethatbetterbargainforall

Americans,wherehardworkisonceagainrewardedwithashot

atamiddle-classlife,whichmeansmoreAmericanswillknowthe

ericanswillknowthe

satisfactionofflippingthesignto“Open”ontheirown

ericanswillknowthejoyofscratchingthe

child'sheightonthedooroftheirnewhome--withpencil,of

cour.(Laughter.)

on'tbeeasy.

Butifwetakejustafewboldsteps--andifWashingtonwilljust

endthegridlock,tasidetheslash-and-burnpartisanship--

(applau)--actuallytrytosolveproblemsinsteadofscoring

politicalpoints,oureconomywillgrowstrongerayearfromnow,

fiveyearsfromnow,10yearsfromnow.(Applau.)

AndaslongasI'vegottheprivilegetorveasyour

President,that'swhatI'mgoingtobefightingfor.

Thankyouverymuch,ssyou.(Applau.)