Obama Discusses Stimulus Plan, Economic Condition


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President Obama made his first weekly address to the nation today, discussing the merits of the large bailout plan and the plans to discuss with leaders of all other G8 leaders, the world’s “largest economies,” who are meeting in Washington to “seek solutions to the global economic crisis.”

The President made broad claims about addressing the economic crisis – citing statistics of unemployment insurance claims rising to extremes, and the significant costs of job losses and economic turmoil.

Significantly, the President urged Congress to push forward the stimulus plan immediately, providing at least a downpayment on the large stimulus which the new administration has planned – saying clearly, that if the program which has been proposed in front of Congress does not pass, it will be “made the President’s first order of business.”

Not to stay short-sighted, the President suggested that within the exit from this “economic crisis,” a new world will need to be established – one hugely focused on environmentally friendly jobs and government programs as well as freeing the United States from, what the President calls “the tyranny of foreign oil.”

“That starts with the kinds of long-term investments that we’ve neglected for too long. That means putting two million Americans to work rebuilding our crumbling roads, bridges, and schools. It means investing $150 billion to build an American green energy economy that will create five million new jobs, while freeing our nation from the tyranny of foreign oil, and saving our planet for our children. It means making health care affordable for anyone who has it, accessible for anyone who wants it, and reducing costs for small businesses. And it also means giving every child the world-class education they need to compete with any worker, anywhere in the world.”

The President plans to be doing weekly video broadcasts via YouTube an change.gov – they will be published weekly on change.gov for ease of access.

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