Text of President Obama’s weekly remarks

Hi, everybody. This week, I visited a company in Raleigh, North Carolina that helps make electric motors that save businesses money on energy costs and cut harmful carbon pollution.

And I stopped by N.C. State University, where engineers are set to develop the new technology that will make those motors even better.

It’s part of my push not only to make America home to more high-tech manufacturing — but to make America more attractive for the good jobs that a growing middle class requires.

And increasingly, we are. Thanks in part to our all-of-the-above strategy for American energy, for the first time in nearly two decades, we produce more oil here at home than we buy from the rest of the world. We generate more renewable energy than ever, and more natural gas than anybody. Health care costs are growing at their slowest rate in 50 years — due in part to the Affordable Care Act. And since I took office, we’ve cut our deficits by more than half.