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So we have to be mindful that today’s job numbers, while welcome, leaves us with a lot more work to do.  It will take time to achieve the strong and sustained job growth that we need.  And long before this recession hit -- for a decade -- middle-class families had already been expensing -- experiencing a sense of declining economic security.  Their paychecks were flat-lining even though the cost of everything from groceries to college educations to health care were all going up.  And this means that even as we pull out of this immediate crisis, we’ve got to tackle some of the long-term problems that have been a drag on our economy.  And that’s why we’ve been working so hard to turn this economy around.

It’s not quick and it’s not easy.  And the truth is, there are some limits to what government can do.  Government can’t reverse the toll of this recession overnight, and government on its own can’t replace the 8 million jobs that have been lost.  The true engine of job growth in this country has always been the private sector, businesses like Celgard.  What government can do is create the conditions for companies to succeed.  It can help to create the conditions for companies to hire again.  What it can do is build the infrastructure and create the incentives that will allow small businesses to add workers; that will help entrepreneurs to take a chance on an idea; that will lead manufacturers to set up shop in places like Charlotte.

And that’s what we did last year through the Recovery Act, also known as the stimulus bill.  A lot of folks were down on it -- well, we don’t know what this did.  A lot of folks got it mixed up with the steps we had to take to avoid the banking system melting down, and I know that wasn’t popular.  It wasn’t popular with me. 

But here’s what the Recovery Act did:  We cut taxes for small businesses and 95 percent of working families to promote spending and hiring -- cut taxes.  That’s what the Recovery Act did, was cutting people’s taxes across America.  (Applause.)   We’re also making investments in our infrastructure, from interstate highways to broadband networks.  That not only creates private sector jobs, but is also creates the platform, a better environment, in which business can prosper. 

It’s also what we did through the jobs bill that I signed into law just recently, a bill that cuts taxes for small businesses who hire unemployed workers; and that allows companies to write off investments in equipment, like some of the equipment that we just saw here today; and that encourages job creation by spurring investments in school renovation and clean energy projects and road construction -- all of which builds on the investments that we’ve put into place last year through the Recovery Act.

So as a consequence of all these investments, we’ve promoted innovation in the private sector not just to create jobs, but also to help America lead in the growth industries of the 21st century.  See, I want to improve the short-term jobs picture, but I also want to improve the long-term prospects for our economy.  And in no area is America more primed to lead them than in clean energy.  And I don’t have to tell the folks here at Celgard about that, because through the Recovery Act, this company has received a $50 million matching grant to expand the facility on this site, and to add another facility in Concord, North Carolina.  And I also know this builds on the work that Governor Perdue did to bring clean energy jobs to this state. 

So here’s the bottom line:  This investment is expected to create nearly 300 jobs for this company, more than a thousand jobs for your contractors and suppliers -- and these are all jobs helping America build the batteries that will power cleaner and more efficient cars and trucks.  And through investments like this one across the country, we’re already seeing an incredible transformation.  Here’s an interesting statistic:  Before the Recovery Act, before I took office, we had the capacity to make less than 2 percent of the world’s lithium ion batteries -- less than 2 percent.  In the next five years, on the trajectory that we’re now on, we’re going to be able to make 40 percent of the advanced batteries right here in the United States of America.  Right here.  (Applause.) 

So the next time somebody asks you, when you’re at the grocery store, well, what did this Recovery Act do?  You can tell them, one of the things it helped do is to expand and catalyze an entire new industry, where the United States of America can gain enormous market share across the globe.  And that’s the kind of strategy we need -- helping the private sector thrive in entirely new industries, the industries of the future.  It’s a strategy that will not only create jobs in the near term, but also sustained growth and opportunity in the long run.

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