>> per department latest jobs report shows unemployment dropped from 3.7% to 3.5% last month. 263,000 jobs were created in september in line with economist predictions. >> president biden traveled to hagerstown, maryland to talk about jobs and the economy. prior to the speech he participated in a tour of a volvo manufacturing facility. this is about 35 minutes.

>> please welcome sam leavy. [applause] >> good afternoon and welcome to volvo's north american operation in hagerstown. i'm sam leavy, a material handler at hagerstown.

i have previously worked several roles inside the plant including assembly and engine testing. i have been a volvo group employee for 24 years. i am proud to be part of building america's best powertrain to power its best trucks. i am grateful to be here with all you today, especially during national manufacturing day. it recognizes the hard work we do here every day at this site. i have been married for 29 years to my beautiful wife angie. i have three great children, two of whom work here. i love to see volvos when i go down the highway. i know that it's powertrain is built in this factory in hagerstown. i know it is supporting the local community. it makes a world of difference when we have a prounion,

pro-worker president in the white house who cares about making our supply chains more resilient, strengthening our domestic vehicle manufacturing and fighting for good union jobs. i would like to personally thank you, mr. president, for visiting hagerstown today where our uaw members proudly build heavy-duty diesel engines, transmissions, electro mobility power boxes, and axles for mac and volvo mac trucks come up priebus coaches, and volvo buses. i have witnessed firsthand the changes in manufacturing during the past few decades. i have been grateful for my union and volvo group that has enabled me to provide a better life for my family. it also enabled me to send my three sons to college. so, thank you mr. president for

the work you are doing to make sure we build or things in this country again. on behalf of the 1300 uaw members at local 171 and local 1247 and all the volvo group employees in hagerstown, let me say how pleased and proud we are to have you in the white house. now, let's get to why we are here. it is my honor to introduce to you, president joe biden.

pres. biden: have a seat. thank you very much. let me start with two words. made in america. [applause] that is not a hyperbole. i want to say upfront, and the management here understands and i am proud of them. i am a union guy. i tell you what, i made it real clear to everybody when speaking to the national chamber of commerce or the business roundtable. the reason i am the most prounion president in american history is because they are the single best workers in the world, not a joke. [applause] a lot of people think you just show up and have a job. how about those 3, 4, 5 years of

a print's work where you are not getting fully paid and just going back-to-school. what i have seen happen now is they are figuring out, everybody is figuring out that the supply chain and only on-time purchases is a big problem. now we are figuring out if it is made in america, we will invented in america, it is made in america. thank you, sam for the introduction. thank you mayor keller for welcoming us to your city and getting your two kids dressed on a friday to come see me. i hope they forgive me for that. great to be here with the congressman that is always working for the people of the district on mental health and addiction in support of our veterans and modernizing infrastructure like expanding i-81. it will be expanded because of him. [applause] i wanted to commend civic

leaders. that cannot be here today. stanley hoyer who leads the democrats in the house and van hollen, our dear friends and i want to thank donna edwards from the maryland state federation of labor at all of the proud members of the united auto workers here today. this is not unusual -- this is national manufacturing day, and that's starting to mean something again. we celebrate workers. they are the backbone of the economy in this country and that is not a joke. where is it written that america cannot be the leading manufacturer in the world again? where is that written. ? i am here at this volvo plant to thank the workers and management for building heavy-duty engines, transmissions, and axles for trucks, buses, and the electric vehicles of the future. like the united steelworkers at the cement plant in hagerstown,

we are manufacturing cleaner cement. people do not realize how much cement, the way it is made, how that causes environmental problems. the older, dirtier cement accounts for 77% of global emissions. clean cement makes a gigantic difference. like all the workers i've met yesterday at the ibm plant in new york, where they are investing $20 billion in manufacturing advanced quantum computers, in the u.s. again, in the u.s.. and workers in syracuse where the company macron is investing $100 billion to manufacture computer chips, the biggest investment of its kind in america, the biggest investment ever in the world. we all know it has been four or five years in this country, a lot of things have been tough for vern -- for people. they are still tough for many. there is a bright spot. america is reasserting its power. america is reasserting its --

americans are reasserting themselves. where is it written that america cannot lead the world in manufacturing again? we have already created over 630 8000 manufacturing jobs since i have been president. we are making it happen in america. companies are investing in america and we are all making sure that the government delivers. the infrastructure law, the chips and science act, i do not know about you, but as my dad used to say, people are worried about putting three squares on the table every day, not having to deal with politics going on. and who should know the names of these pieces of legislation? but we have made historic investment in incredible private sector investment in america. if i can't diverge for a second, we had a piece of legislation led by your congressman that says we will invest 368 billion

dollars dealing with the environment. a major article in a major publication yesterday for the industry. it is generating $1.7 billion. guess what? we give the tax credit to somebody and companies want to build the product. $1,700,000,000, hundreds of thousands of new drops -- new jobs. that's not a joke. we are proving made in america is not just a slogan, it's a reality. our best days are ahead of us, not behind us. look at today's jobs report. our economy created 263,000 jobs last month. that is 10 million jobs since i have come to office. that is the fastest job growth for any tara -- president in any point in american history. the unemployment rate remains at

a historic low, three point 5% including the lowest unemployment for hispanic americans ever in this country. this recovery has been the fastest increase of people reentering the workforce of any modern economic recovery. there is something else. the job market continues to show resilience navigating the economic transition. for some time, i have been saying what we need to do in this transition is moved from historically strong economic recovery to a more steady, stable recovery bringing inflation down without giving up all of the historic economic prior to -- progress working and middle-class people have made and that is exactly what we are seeing. over the past four months we have created an average of 350,000 jobs per month. that is down from the 450,000 jobs per month the prior four months and down from the 600,000 jobs per month watch her before

that. the pace of job growth is cooling while still powering the recovery forward. wage growth for workers remains solid, down from a historic high pace months ago, but still growing. this is the progress we need to get short-term, -- we need to see. short-term, continuing growth for families and bringing inflation down. long-term, the economy on a firmer foundation. we still have a lot of work to do building a different economy than before, a better one. not a trickle-down economy. that never helped my family much in claymont. this is an economy built on building from the middle out and bottom up, not the top down. when that happens, everyone does well. the middle class do well and the wealthy do very well. they are not hurt at all. that is an economic vision i offered to america when i ran

and i am pushing on with it and that is what i want to talk about today and how we have our republican colleagues was a very different view. i know that many of you are probably republicans. many of my republican friends are basically arguing that good news for the economy is bad news for americans. as if they are rooting for fewer jobs and lower wages. that is all part of the trickle-down mentality. it does not matter what is happening on main street. what matters is wall street. wall street is doing well, everybody is doing well. well, i noticed that the last previous four years, we were not doing that well and wall street was doing well. that's not my plan. we continue to do our economy in a stable and sustainable way. we can build on an economy that works for everyone. today, we will do something that our republican colleagues in congress don't want us to do. they love to attack democrats. they say -- for what we have

done. but, they really do not want to see what their plan is. i doubt any of you can tell me what the republican reelection plan is this time. what is their platform? if they take control of congress? let's start with inflation. let me tell you how i think about it. i think about the way my dad used to talk. my dad was a well read guy. his greatest work at -- regret was he never went to college. he had to leave scranton when cole died and we moved to claymont, delaware, a steel town at the time. it is the way people at home deal with these things talking about it around the kitchen table. we have enough money to cover all the bills for the month and all the necessities that are not regular bills? if we do that, do we have a little recent -- breathing

room where we don't have to worry? we want to give families that. that is what we have done. we passed the inflation reduction act. the day -- name does not matter, but it will give medicare the power to negotiate lower prescription drug prices. we pay the highest drug prices of any developed nation in the world. it will limit out-of-pocket costs for medicare. someone has cancer and their drug cost is $14,000 or $15,000 a year literally. well, prescription drugs for seniors cannot exceed $2000 per year, even if it is $10,000, $20,000, $30,000 they owe. it will cap cost of insulin for seniors on medicare to $35 four months instead of 30 times that. how many of you know somebody

with type two diabetes that needs insulin? it costs a lot of money and a lot of money for children. i was in virginia not long ago. a woman stood up and said, i have two kids with type two diabetes. we have to break up what we have, we don't have enough money. they did not have insurance and were not covered. guess what? how do you look at your child knowing they have type two diabetes and there is nothing you can do about it? it's not a joke. this is the united states of america, for god sake. the bill i introduced said it we will reduce the cost of insulin. by the way, the cost to make that insulin is $10 to make it and packages. 10. t-e-n, $10. they are charging as high as $650 or $700 a month for it. the original bill i introduced said we would take care of

everybody on insulin and my friends on the other team were able to get enough votes to knock that out for anybody but seniors. we have locked in savings and health care premiums for one million people on the affordable care act. you know, one of the things people forget about the affordable care -- before the affordable care act, anybody with a pre-existing condition cannot get insurance. let me say that again. they could not get insurance if they did not have a lot of money to buy a private policy. or, aaron tees -- we guarantee people can get insurance. we are making it possible for families to save thousands in energy with this legislation. we will invest in other jobs. folks, for the first time in a long time we will make sure that the biggest corporations begin to pay their fair share of federal taxes. the minimum tax rate is 15%. in 2020, of the fortune 500

companies, 52 made $40 billion and did not pay a single penny in taxes. i come from across the border in delaware. i know corporations. i got elected six times there. everybody should be paying something. everybody should be paying something. we are doing all of this while reducing the deficit. my friends on the other team talk about how we are big spenders. guess what? they passed a $2 trillion tax cut for the top 1% in corporate america. they did not pay for any of it. my first year in office we reduced the federal debt by $350 billion. this year, we are reducing it by more than $1 trillion. while we are doing all of the things we are doing. we are allowing medicare to negotiate drug prices.

another $300 billion over the next decade. every single democrat voted for the inflation reduction act. every single republican voted against it. not only that, they are telling us that their number one priority is to repeal the inflation reduction act. if they gain control of congress. let's be crystal clear what that means. if republicans take control of congress, that means the power we just gave medicare to negotiate drug prices goes way. it's gone and prices will go back up. if republicans take control of congress the $2000 cap on prescription drug prices goes away. if they take back the control of congress the $35 per month cap on insulin for folks on medicare goes away. the savings on health care premiums. for the affordable care act, that's gone. of course, it is not just an

inflation reduction act they want to get rid of. they still want to get rid of the affordable care act and that means an end to protection for million of -- millions of people with pre-existing conditions. we are rely on that. when it comes to taxes, if republicans get their weight they will get rid of the corporate minimum tax. i am not talk about getting rid of your taxes. the corporate minimum tax. the biggest corporations will go back to paying zero in federal income tax. these are facts. check them out. it's not just in the inflation reduction act, they are coming after social security and medicare. i know that sounds bizarre, but look it up. the senator in charge of electing republicans end of the u.s. this year has a plan to put social security and medicare on the chopping block every five years. is that means every five years -- that means every five years congress will vote to cut, reduce, eliminate, or vote for medicare and social security again. what do you think will happen?

what do you think? that's not enough. you have been paying into social security and medicare since you started working when you were 16 years old. a senator from wisconsin, ron johnson, things waiting five years is too long. he says social security and medicare should be on the chopping block every year. if congress does not vote to keep it, it goes away. you know the games played in congress. everything from in dealing with the 60 votes in the senate and so on. it's not just social security and medicare. they want to do that everything on the federal budget. veterans benefits. we have to come up everything go here. -- every single year. this morning i saw a report. as my grandkids say, google it. bud, the report came out, from cnn, it says, republican call

the biden infrastructure program socialism. then they ask for the money. it goes through all of the most conservative republicans that call is socialism. a guy named paul goss or has written three separate letters to the administration asking for projects in his district. he says it enhances the quality of life. he voted against it and said it is all socialism. kentucky representative andy barr, the biggest socialist agenda, three different projects he wants. citing the importance of safety and growth in his district. rand paul. down the list. look it up. socialism. i did not know there were that many socialist republicans. think about it. i am serious. let's get serious about taking care of ordinary people. regular people like i grew up.

folks, look, you cannot make this stuff up. you have to say, i have to say, and i was surprised to see so many socialist in the republican caucus. here is the bottom line. if republicans take control of congress, these historic victories we just won for the american people will be taken away. every kitchen table cost will go up, not down. i realize costs are going up on food. i was able to bring gasoline down over $1.60. it is inching up because of what the russians and saudis just did. i'm not finished with that yet. the cost of prescription drugs, health care, energy, those are all up. the protection of pre-existing conditions, social security, medicare, those are on the chopping block but they don't want you to know that and they are not campaigning on it. but those are the documents they are sending out. when it comes to the next congress, it's not a referendum. it's a choice.

a choice between two very different ways of looking at the economy. you have over 200 something people in congress who still think the last election was not fair. that it was stolen, that i stole the election. even though every major republican judge in this agreement court said there was no evidence of any of that, none. that i stole the election. folks, you know, we talk about democracy. whether it is at risk. well, democracy is at risk in most places when the only definition of whether you win, you either have to win the election or it has been stolen. when in fact, you have a situation where, you know, a group of people attacked the capitol like we had never seen, smashed down the doors, went after people. three cops ended up dying. they are referred to u.s.

patriots? patriots? look, there's different ways of looking at our country. one is the view from park avenue which helps the wealthy and trickles down to everyone else -- the other view is from scranton, pennsylvania or a view in hagerstown, maryland. where people it up every single morning and go to work and break their neck and make a living.

working-class and middle-class. that is who built this country. and by the way, middle-class built america and unions built the middle class. for real. [applause] folks, that is who our economy should work for. let me close with this, the past few years, be faced some of the most difficult challenges in our history areas we are making real progress helping people a little more and giving them a little work reading room just have to keep going. i know we can. everything we have been through, i have never been more optimistic about america's aspects in my entire career. -- remembering who we are. we are the united states of america. there is nothing, nothing we have ever set our mind to that we have not been able to do. nothing is beyond capacity if we work together so that is my hope. there would be a little bit of a return to sanity to stop this bitterness that exists between parties. and having people working together because i tell you

what, we can own the 21st century. not a joke. we can own and not a single other nation in the world is as positioned as the united states of america is. it is because of you all. thank you very much may god bless you all. may god protect our troops. [applause] ♪ ♪ ♪

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coming up tonight, senator ron johnson and his challenger go head-to-head in wisconsin u.s. senate race. watch live starting at 8:00 p.m. eastern.

at 9:00, the race to represent virginia's 10th congressional district. then a debate for the oregon governors race. you can also watch these events on the free c-span video app or c-span.org. >> the january 6 committee returns on thursday. you can watch the hearing live getting at 1:00 p.m. eastern on c-span, c-span now, or c-span.org. morning is victor cha