Money alone isn't the cure for America's ailing school system, President Obama says.
Speaking to TODAY's Matt Lauer in the Green Room of the White House for nearly 30 minutes, Obama said that additional funding tied to significant reforms — including a longer school year and lifting teaching as a profession — is a much-needed fix.
"We can't spend our way out of it. I think that when you look at the statistics, the fact is that our per-pupil spending has gone up during the last couple of decades even as results have gone down," explained Obama, invited to appear by NBC as the network launched its weeklong "Education Nation" initiative.
"Obviously, in some schools money plays a big factor ... ," Obama said, pointing out that schools in the poorest areas often don't have up-to-date textbooks. "On the other hand, money without reform will not fix the problem."
Obama said his administration's "reform agenda" includes increasing standards, finding and encouraging the best teachers, decreasing bureaucracy and deploying financial resources effectively. Teachers who fail to live up to expectations need to be given a chance to improve, he said, while those who do not should move on.
Obama repeated his support for a longer school year. He did not specify how long that school year should be, however he noted that U.S. students attend classes, on average, about a month less than children in most other advanced countries.
"That month makes a difference. It means students are losing a lot of what they learn during the school year during the summer ... The idea of a longer school year, I think, makes sense," Obama said. "Now, that's going to cost some money ..., but I think that would be money well spent."
Vote: Do you support a longer school year?
Obama says his administration's Race to the Top initiative has been one of the "most powerful tools for reform" in many years. Through the program, states compete for $4 billion in funding by highlighting their plans for reform.
The president said he wants to work with teachers' unions, and he embraced the role of defending their members. But he said unions cannot and should not defend a status quo in which one-third of children are dropping out. He urged them not to be resistant to change, particularly in schools which he said have become "dropout factories."
"The vast majority of teachers want to do a good job ... We have to be able to identify teachers who are doing well," the president said. "Teachers who are not doing well, we have to give them the support and the training to do well. And ultimately, if some teachers are not doing a good job, they've gotta go."
While the nation’s poorer schools are of immediate concern, Obama said his administration is also concerned about the decline in math and science scores in middle-class districts, and hiring teachers is key to reversing that trend.
“My administration is announcing that we are going to specifically focus on training 10,000 new math and science teachers," he said. "We have to boost performance in that area. We used to rank at the top; we are now 21st in science, 25th in math. That is a sign of long-term decline that has to be reversed.”
Reforms linked to economy During the interview, the president returned several times to a discussion of the economy, job creation and the staggering unemployment rate that has hurt tax revenues at every level of government.
"It's not that this is a jobless recovery. We've seen eight months in a row of private sector job growth ... The problem is that we just lost so many jobs because of the crisis that we've got a much bigger hole to fill," Obama said.

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