Saying that we must "act boldly and swiftly" to avoid an even worse economic crisis, President Obama uses this week's radio YouTube address to outline the results he would expect from his American Recovery and Reinvestment Plan, in the areas of energy, education, health care, and new infrastructure.
Describing his program to "accelerate the creation of a clean energy economy," to lower health costs, improve care, and protect insurance coverage, to modernize schools, increase education grants and provide college tax credits, and through a plan to "rebuild and retrofit America to meet the demands of the 21st century," Obama makes the case that his plan will create three to four million jobs over the next several years, and explains why Congress cannot delay.
Acknowledging the concerns that greets a program of this size, Obama says:
I know that some are skeptical about the size and scale of this recovery plan. I understand that skepticism, which is why this recovery plan must and will include unprecedented measures that will allow the American people to hold my Administration accountable for these results. We won’t just throw money at our problems – we’ll invest in what works. Instead of politicians doling out money behind a veil of secrecy, decisions about where we invest will be made public, and informed by independent experts whenever possible. We will launch an unprecedented effort to root out waste, inefficiency, and unnecessary spending in our government, and every American will be able to see how and where we spend taxpayer dollars by going to a new website called recovery.gov.
Obama finishes by saying that while no one program will solve our current economic crisis, "rewarding hard work and responsibility," and working together in a bipartisan way, will allow us to "emerge from this trying time even stronger and more prosperous than we were before."
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