Obama Weekly Radio Address


“And yet, as we act in concert with other nations, we must also act immediately here at home to address America’s own economic crisis. This week, amid continued volatility in our markets, we learned that unemployment insurance claims rose to their highest levels since September 11, 2001. We’ve lost jobs for ten straight months — nearly 1.2 million jobs this year, many of them in our struggling auto industry (nothing to do with an unsustainable business model). And millions of our fellow citizens lie awake each night wondering how they’re going to pay their bills, stay in their homes, and save for retirement. …Ok, we could have got this from Katie Couric…uh…maybe not…

Make no mistake: this is the greatest economic challenge of our time. And while the road ahead will be long, and the work will be hard, I know that we can steer ourselves out of this crisis — because here in America we always rise to the moment, no matter how hard. And I am more hopeful than ever before that America will rise once again.    Yes….But how…ready to work hard…but how???

But we must act right now. Yes we are with you… Next week, Congress will meet to address the spreading impact of the economic crisis. I urge them to pass at least a down-payment ($700 billion is not enough) on a rescue plan that will create jobs (I’ve already paid back the big money donors (Wall Street)…now I need to take care of the grassroots guys…UNIONS), relieve the squeeze on families, and help get the economy growing again. OK..that sounds good…but how…? In particular, we cannot afford to delay providing help for the more than one million Americans who will have exhausted their unemployment insurance by the end of this year. Ok…relieves the immediate squeeze on families, but doesn’t create jobs… If Congress does not pass an immediate plan that gives the economy the boost it needs, I will make it my first order of business as President.  Well glad to see you have your priorities right…

Even as we dig ourselves out of this recession, we must also recognize that out of this economic crisis comes an opportunity to create new jobs, strengthen our middle class (If Bill Ayers can come out now, can we now have the real definition of MIDDLE CLASS now?) , and keep our economy competitive in the 21st century. This sounds ok…and we know how sometimes victory comes from defeat, but how?

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. (Well at what wage…if we use UAW/Detroit 3 wages that means $72 an hour if we use them….well you know how hard that will be) It means investing $150 billion (Why that number?) to build an American green energy economy that will create five million new jobs (at what pay scale….doing what job…,) while freeing our nation from the tyranny of foreign oil, and saving our planet for our children. How???? It means making health care affordable for anyone who has it, accessible for anyone who wants it, and reducing costs for small businesses. How???? And it also means giving every child the world-class education they need to compete with any worker, anywhere in the world. How…teachers already make on average (approx. $50) more than private sector management (approx. $47)…Maybe we should bump up their salaries to what the auto workers unions make…that worked out really well for Detroit…Any other real, practical ideas????

Doing all this will require not just new policies, but a new spirit of service and sacrifice, where each of us resolves to pitch in and work harder and look after not only ourselves, but each other (Ok…is this mandatory service…is this SOCIALISM???). If this financial crisis has taught us anything, it’s that we cannot have a thriving Wall Street while Main Street suffers (ok…but Main Street flourished while Wall Street thrived…for many years…There was a good book by Woodward on how exactly Bill Clinton and Robert Rubin worked this out)  — in this country, we rise or fall as one nation; as one people. And that is how we will meet the challenges of our time — together. Thank you.




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