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Officials in the department of energy on the merits. should government be playing venture capitalist to try to prop these industries up? well, we believe this loan program is very important. by the way, it was a program that was supported by president bush. so there s been support in both parties. many of the members of congress who offered criticism themselves were lobbying for funds for companies like this. so, i think the order listen you see what s happening in other countries. you know, huge investments. in this clean energy sector. we have to do everything we can. and by the way, it s not just through this loan program. one thing i don t think s gotten enough attention, humbly, is the president has doubled fuel efficiency standards. so by the middle of the next decade the average fleet in this country is going to get 56 miles per gallon. means a couple thing. over 2 million barrels of oil being used a day. that could be over half the oil we import from opec. and it could me ....
Working well enough for the middle class. and i think that s going to be a powerful current in our politics, certainly for the next year. but probably for a long time after that. so he stands in solidarity with this movement? well, i think he what he appreciates is the sense that we need an economy that s focused more on the middle class, people frying to get the middle class. one simple issue that s going to be an important part of next year, by the way, president passed wall street reform to protect taxpayers from ever having to bail out bag banks again. protecting consumers. the republican party here in washington for the most part and i believe all the republican presidential candidates want to repeal wall street reform. what message does that send after the 2008 crash? that we want to go back to the same rules that we had. the american free market system is the most powerful creator of jobs we ve ever seen. but that doesn t mean it s a free license to make money however you ....
The domestic side, daley said both democrats and republicans have made it very difficult for the president to be anything like a chief executive. this has led to a kind of frustration. let s figure out what we can do without congress, and push the envelope on some of these things. do-nothing democrats? no. if you look at where we are right now, trying to pass the american jobs act, cutting taxes for the middle class, putting construction workers and teachers back to work, pretty much everybody in the democratic party and washington governors out there are standing with the president. so there s only one reason, one reason we won t make a huge impact on the economy. and it s because the republican party, and i make this point but he singles out of the democrats. who and why are they doing that? well, listen right now, the situation beer in right now, the republican party, almost in unison here in washington, and let me make a point, the republicans out in the country, mainstream ....
And economic upheaval. so the only plan right now in front of the american people, in front of congress, that would create jobs in the short-term is the president s. now we ve done some work with the republicans, obviously. we massed some trade deals that s going to help us sell fords and chevys in south korea. passed patent reform. so we have been able to work together. and hopefully in the next 60 days we ll come together to cut taxes for the middle-class and do everything we can on the economy. we still have confidence on that. on the economy, look what the stock market did this week. friday s close was over 12,000, on track with the largest monthly ascendance, 2.5% economic growth in the last quarter. does the president see any green shoots here on the economy? well, listen, there s far too many people still out of work. the middle class still feels a lack of security, and that s been going on even predating the recession. so for a lot of people out in america, this is an urgen ....
Told politico this in a column with roger simon on friday, on the domestic side, daley said both democrats and republicans have made it very difficult for the president to be anything like a chief executive. this has led to a kind of frustration. let s figure out what we can do without congress, and push the envelope on some of these things. do-nothing democrats? no. if you look at where we are right now, trying to pass the american jobs act, cutting taxes for the middle class, putting construction workers and teachers back to work, pretty much everybody in the democratic party and washington governors out there are standing with the president. so there s only one reason, one reason we won t make a huge impact on the economy. and it s because the republican party, and i make this point but he singles out of the democrats. who and why are they doing that? well, listen right now, the situation beer in right now, the republican party, almost in unison here in washington, and let m ....