Weekly Address: The Export-Import Bank

In this week’s address, the President highlighted the progress made towards rebuilding our economy, including the creation of nearly 10 million new private sector jobs in the past 53 months and the rise in the number of American exports to an all-time high.

That growth is in part thanks to the actions of the U.S. Export-Import Bank, an organization that creates American jobs by helping to take American businesses global. The charter of the Export-Import Bank is slated to expire next month, unless Members of Congress renew it, as has happened 16 times in the past with support from Democrats and Republicans.

The President asked business owners and employees to reach out to their representatives, who are home this month, and let them know how important it is that the Export-Import Bank continue its work so that American businesses can continue to grow.

Click here to watch this week’s Weekly Address.

Attorney General Holder: “The Eyes of the Nation and the World Are Watching Ferguson Right Now”

U.S. Attorney General Eric Holder traveled to Ferguson, Missouri yesterday to review the Justice Department’s independent investigation into the shooting death of 18-year-old Michael Brown. While there, the Attorney General met with community leaders, FBI investigators, and federal prosecutors to get detailed briefings on the status of the case.

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West Wing Week 08/22/14 or, “The Summer Social Media Mailbag Edition”

Welcome to a special edition of West Wing Week, featuring a Summer Social Media Mailbag Q&A session with White House staffers. But before we get to your questions, here are a couple scenes from the President’s week.

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Chart of the Week: Auto Production at Its Highest Rate Since 2002

The American auto industry remains a cornerstone of our economy — a key source of our ability to export, innovate, and create jobs. During the economic turmoil of the Great Recession, the auto sector shed hundreds of thousands of jobs, and production dropped to the lowest level recorded in data going back to the 1960s. In 2009, President Obama took decisive action to rescue the industry from imminent collapse, saving more than 1 million jobs across the country.

Now, our auto industry is once again a source of economic strength, with more and more of the world’s top-of-the-line, fuel-efficient vehicles being made by American workers in American factories. In fact, the number of cars coming off our assembly lines just reached its highest level in 12 years.

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The Republicans are getting serious about this fall’s campaign. My opponent has joined forces with GOP candidates up and down the ticket, and they’ve opened a command center on the outskirts of Boston.

Back in 2008, our country suffered the worst economic recession since the Great Depression. It happened because deregulation allowed Wall Street to turn into a big casino. Huge financial firms made bad bets — and they lost — damaging the economic welfare of the American people.

The Dodd-Frank Financial Reform bill, passed 4 years ago this month, went a long way to put the reins back on out-of-control Wall Street risk-taking.

But today, Dodd-Frank is in trouble.

House Republicans are trying to strip the teeth out of Dodd-Frank. If that happens, Wall Street could go right back to the practices that brought our nation to the brink of disaster.

We have one week until our pre-primary filing deadline, and we’re aiming to raise $25,000 by then. Republicans are getting organized and running hard, and we need to respond — make a $5 contribution and help us hit our goal.

The Tea Party has control in the House.

The Tea Party is able to push legislation through the House that puts Wall Street’s wishes before the needs of Main Street families.

We can’t let that happen to the Senate, too.

In July, MassLive: Sens. Elizabeth Warren, Ed Markey join Democrats in pushing bill to address Supreme Court’s Hobby Lobby ruling granting religious exemptions to health care law