"Put people to work, put money in their pockets…"
I can tell it's going to be a long speech heavy with content and mean. I can listen to our president for hours.
As soon as I took office, I asked this Congress to send me a
recovery plan by President’s Day that would put people back to work and
put money in their pockets. Not because I believe in bigger government
– I don’t. Not because I’m not mindful of the massive debt we’ve
inherited – I am. I called for action because the failure to do so
would have cost more jobs and caused more hardships. In fact, a
failure to act would have worsened our long-term deficit by assuring
weak economic growth for years. That’s why I pushed for quick action.
And tonight, I am grateful that this Congress delivered, and pleased to
say that the American Recovery and Reinvestment Act is now law.
Over the next two years, this plan will save or create 3.5 million
jobs. More than 90% of these jobs will be in the private sector – jobs
rebuilding our roads and bridges; constructing wind turbines and solar
panels; laying broadband and expanding mass transit.
Because of this plan, there are teachers who can now keep their jobs
and educate our kids. Health care professionals can continue caring
for our sick. There are 57 police officers who are still on the
streets of Minneapolis tonight because this plan prevented the layoffs
their department was about to make.
Because of this plan, 95% of the working households in America will
receive a tax cut – a tax cut that you will see in your paychecks
beginning on April 1st.
Because of this plan, families who are struggling to pay tuition
costs will receive a $2,500 tax credit for all four years of college.
And Americans who have lost their jobs in this recession will be able
to receive extended unemployment benefits and continued health care
coverage to help them weather this storm.
I know there are some in this chamber and watching at home who are
skeptical of whether this plan will work. I understand that
skepticism. Here in Washington, we’ve all seen how quickly good
intentions can turn into broken promises and wasteful spending. And
with a plan of this scale comes enormous responsibility to get it right.
That is why I have asked Vice President Biden to lead a tough,
unprecedented oversight effort – because nobody messes with Joe.
Big smile from Joe Biden sitting behind the president. Standing O from House Speaker Nancy Pelosi when Obama says, "Nobody messes Joe."
–Obama talks about Recovery.gov where Americans can monitor how the money is being spent.
–If we don't restart lending in this country our recovery will be choked…The flow of credit is the life blood of how we get along…"
For some reason OSFO is playing "Santa Claus is Coming to Town" on the piano; it's driving me nuts. Hepcat is having a fit because the TV is too loud.
"What is your problem?" I ask.
Standing O and I don't even know why. Joe Lieberman looks positively miserable. What a jerk.
I intend to hold these banks fully accountable for the assistance they
receive, and this time, they will have to clearly demonstrate how
taxpayer dollars result in more lending for the American taxpayer.
This time, CEOs won’t be able to use taxpayer money to pad their
paychecks or buy fancy drapes or disappear on a private jet. Those
days are over.
I like that.