Obama’s Weekly Address
BTW, those looking for a document about Obama’s plan will never find it. Apparently, he is deciding to lead by asking Congress and the new Administration together to craft the legislation.
Text below the fold.
We start this new year in the midst of an economic crisis unlike any we have seen in our lifetime. We learned yesterday that in the past month alone, we lost more than half a million jobs – a total of nearly 2.6 million in the year 2008. Another 3.4 million Americans who want and need full-time work have had to settle for part-time jobs. And families across America are feeling the pinch as they watch debts mount, bills pile up and savings disappear.
These numbers are a stark reminder that we simply cannot continue on our current path. If nothing is done, economists from across the spectrum tell us that this recession could linger for years and the unemployment rate could reach double digits – and they warn that our nation could lose the competitive edge that has served as a foundation for our strength and standing in the world.
It’s not too late to change course – but only if we take immediate and dramatic action. Our first job is to put people back to work and get our economy working again. This is an extraordinary challenge, which is why I’ve taken the extraordinary step of working – even before I take office – with my economic team and leaders of both parties on an American Recovery and Reinvestment Plan that will call for major investments to revive our economy, create jobs, and lay a solid foundation for future growth.
I asked my nominee for Chair of the Council of Economic Advisers, Dr. Christina Romer, and the Vice President-Elect’s Chief Economic Adviser, Dr. Jared Bernstein, to conduct a rigorous analysis of this plan and come up with projections of how many jobs it will create – and what kind of jobs they will be. Today, I am releasing a report of their findings so that the American people can see exactly what this plan will mean for their families, their communities, and our economy.
The report confirms that our plan will likely save or create three to four million jobs. 90 percent of these jobs will be created in the private sector – the remaining 10 percent are mainly public sector jobs we save, like the teachers, police officers, firefighters and others who provide vital services in our communities.
The jobs we create will be in businesses large and small across a wide range of industries. And they’ll be the kind of jobs that don’t just put people to work in the short term, but position our economy to lead the world in the long-term.
We’ll create nearly half a million jobs by investing in clean energy – by committing to double the production of alternative energy in the next three years, and by modernizing more than 75% of federal buildings and improving the energy efficiency of two million American homes. These made-in-America jobs building solar panels and wind turbines, developing fuel-efficient cars and new energy technologies pay well, and they can’t be outsourced.
We’ll create hundreds of thousands of jobs by improving health care – transitioning to a nationwide system of computerized medical records that won’t just save money, but save lives by preventing deadly medical errors. And we’ll create hundreds of thousands more jobs in education, equipping tens of thousands of schools with 21st century classrooms, labs and computers to help our kids compete with any worker in the world for any job.
We’ll put nearly 400,000 people to work by repairing our infrastructure – our crumbling roads, bridges and schools. And we’ll build the new infrastructure we need to succeed in this new century, investing in science and technology, and laying down miles of new broadband lines so that businesses across our nation can compete with their counterparts around the world.
Finally, we won’t just create jobs, we’ll also provide help for those who’ve lost theirs, and for states and families who’ve been hardest-hit by this recession. That means bi-partisan extensions of unemployment insurance and health care coverage; a $1,000 tax cut for 95 percent of working families; and assistance to help states avoid harmful budget cuts in essential services like police, fire, education and health care.
Now, given the magnitude of the challenges we face, none of this will come easy. Recovery won’t happen overnight, and it’s likely that things will get worse before they get better.
But we have come through moments like this before. We are the nation that has faced down war, depression and fear itself – each time, refusing to yield; each time, refusing to accept a lesser fate. That is the spirit that has always sustained us – that belief that our destiny is not written for us, but by us; that our success is not a matter of chance, but of our own courage and determination. Our resources may be finite, but our will is infinite. And I am confident that if we come together and summon that great American spirit once again, we will meet the challenges of our time and write the next great chapter in our American story.
Tags: President Obama
Brilliant!
Mom and Dad were just commenting on how refreshing it is to have a president who speaks English.
Unfortunately, though, he is another one who thinks that government officials are exempt from justice, even for the most heinous crimes that a government can commit. He says that he has “a belief that we need to look forward as opposed to looking backwards. … My orientation is going to be moving forward.”
What an utter disappointment. Forget “with liberty and justice for all.” Justice = just us.
5 million green new jobs. Remember the pledge.
Tom S wrote 5 million green new jobs. Remember the pledge.
Thanks for you positivity Tom S.
5 million green new jobs. Remember the pledge.
I will if you will remember the state of the country day before Bush became president and the day that Bush leaves office. Particularly remember that there were two world trade center buildings standing in NYC.
No fair A1. Bush’s started working on anti-terror policies the day after 9-11 so you can’t count that.
Here is some of the economic terrorism Bush unleashed on the country:
I honesty don’t know how conservatives liek Tom S can live with themselves. Read this and please recall that Tom S voted for Bush TWICE:
We all cannot wait for Obama to take office and do the things he promises. But, as Consitutional Law Professor Jonathan Turley said on Rachel Maddows show…Obma must direct Eric Holder the new AG, to investigate and proscecute Bush and his regime for the international war crimes, because if he does not, the world will. Governments are already making plans to indict them. The US will look ridiculous if other governments do what we refuse to do. Obama can look to the future….but first on issues of international crimes he must look back..if his foreign policy has any credibilty.
Let’s hope so, Liz. But I am not going to hold my breath (unless I am waterboarded).
If anybody I know gets arrested, I am going to recommend they plead “looking forward.”
There is no “plan” and there never was.
Here is how it will go.
First step- blame Bush as long as possible
Second Step- say the bad numbers don’t reflect the programs just put in place
Third step- keep talking in campaign mode not policy and results mode
Fourth step- failure
No, Mike the Inquisitor, that is the way repubs and conservatives do it. We have all just witnessed it.