01-08-2009
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Senior Member
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Join Date: Apr 2008
Posts: 1,580
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President-Elect Obama on the American Recovery and Reinvestment: "That work begins wi
FROM BARACK OBAMA'S WEBSITE AND NEWSLETTER:
Today, President-elect Barack Obama delivered a major new speech at George Mason University, where he made the case for urgent action on an American Recovery and Reinvestment Plan to address the current economic crisis. He offered up the outlines of a plan that includes both new policy and new approaches, with the goal of saving or creating over three million jobs while investing in priorities like health care, energy, and education to jumpstart job creation and long-term growth.
 There is no doubt that the cost of this plan will be considerable. It will certainly add to the budget deficit in the short-term. But equally certain are the consequences of doing too little or nothing at all, for that will lead to an even greater deficit of jobs, incomes, and confidence in our economy. It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy – where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit.
That is why we need to act boldly and act now to reverse these cycles. That’s why we need to put money in the pockets of the American people, create new jobs, and invest in our future. That’s why we need to re-start the flow of credit and restore the rules of the road that will ensure a crisis like this never happens again.
That work begins with this plan – a plan I am confident will save or create at least three million jobs over the next few years. It is not just another public works program. It’s a plan that recognizes both the paradox and the promise of this moment – the fact that there are millions of Americans trying to find work, even as, all around the country, there is so much work to be done. That’s why we’ll invest in priorities like energy and education; health care and a new infrastructure that are necessary to keep us strong and competitive in the 21st century. That’s why the overwhelming majority of the jobs created will be in the private sector, while our plan will save the public sector jobs of teachers, cops, firefighters and others who provide vital services.
Some of the initiatives outlined include: - Modernizing more than 75% of federal buildings and improve the energy efficiency of two million American homes, saving consumers and taxpayers billions on our energy bills.
- Making the immediate investments necessary to ensure that within five years, all of America’s medical records are computerized.
- Equipping tens of thousands of schools, community colleges, and public universities with 21st century classrooms, labs, and libraries.
- Expanding broadband across America, so that a small business in a rural town can connect and compete with their counterparts anywhere in the world.
- Investing in the science, research, and technology that will lead to new medical breakthroughs, new discoveries, and entire new industries.
Read President-elect Obama's full remarks, as prepared for delivery . . .
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Barack Obama For President 2008 !!!
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