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"The people who cast the votes don't decide an election; the people who COUNT the votes do." -- Joseph Stalin

Sunday, January 25, 2009

Obama's 1st Weekly Address as President

January 24, 2009

Obama addresses the American people on the economy.

In his first weekly address to the nation Saturday, President Barack Obama pressed lawmakers to approve a massive economic stimulus plan within a month, warning that failure to act quickly would bring financial hardship to American families.

Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost income for a family of four. And we could lose a generation of potential, as more young Americans are forced to forgo college dreams or the chance to train for the jobs of the future," the president said in wide-ranging speech that the White House released early Saturday.
If we do not act boldly and swiftly," Obama added, "a bad situation could become dramatically worse."

The proposed $825 billion recovery package before Congress is the cornerstone of the new administration's effort to create or save three million to four million jobs over several years and promote long-term economic growth.

In his radio and Internet video address, Obama made a public appeal for the key priorities of the plan, focusing on renewable energy, national security, education, health care and infrastructure.  "
This is not just a short-term program to boost employment," he said. "It's one that will invest in our most important priorities like energy and education; health care and a new infrastructure that are necessary to keep us strong and competitive in the 21st century."

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