Raw Footage: President Obama Speaks To the Congressional Black Caucus

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Over the weekend, President Obama addressed the Congressional Black Caucus at their Phoenix Awards dinner, where he encouraged the African-American members of Congress to pass his American Jobs Act bill so that millions of Americans can be put back to work. He started his speak with a biblical illustration before explaining the difference between "good crazy" and "bad crazy."

"Middle-class folks should not pay higher tax rates than millionaires and billionaires. That’s not crazy -- or it’s good crazy," said Obama. "But you know the Republicans are already dusting off their old talking points.  That's class warfare, they say.  In fact, in the next breath, they’ll complain that people living in poverty -- people who suffered the most over the past decade -- don’t pay enough in taxes.  That's bad crazy."

The President also finally named that which he has failed to publicly name, though a glaring problem: black unemployment.

Said Obama: "It’s been three years since we faced down a crisis that began on Wall Street and then spread to Main Street, and hammered working families, and hammered an already hard-hit black community.  The unemployment rate for black folks went up to nearly 17 percent -- the highest it’s been in almost three decades; 40 percent, almost, of African American children living in poverty; fewer than half convinced that they can achieve Dr. King’s dream."

To hear the rest of Obama's speech you can view the video above.