HIGHLIGHTS:
- Earlier this week I signed the American Recovery and Reinvestment Act. The most sweeping economic plan in American history. I'm grateful to all who supported me to make this critical step possible.
- Because of what we did, companies large and small that produce renewable energy can apply for tax credits. Our children can now graduate from 21st century schools and millions more can do what was unaffordable last week and get their college degree. There will now be police on the beat, firefighters on the job, and teachers preparing lesson plans. To make sure this done with transparency and accountability, I've assembled a team to make sure our money is used wisely.
- I'm pleased to announced that the Treasury Department made it possible by April 1 so that a family is bringing home at least $65 more.
- It is only a first step on the road to economic recovery and we cannot fail to complete the journey. We have to help responsible homeowners stay in their homes. It will require stabilizing our banking system. It will require reforming the broken regulatory system that caused this problem.
- That work begins on Monday when I will begin a fiscal summit to discuss how we can cut the trillion dollar deficit that we have inherited. On Tuesday I will speak to the nation, and on Thursday I will release my strategy on investing in what we need.
- No single piece can meet the demands placed on us. We can't help people find work and pay bills unless we unlock credit. We can't produce shared prosperity unless we establish firm rules of the road. In short, we cannot successfully address any of our problems unless we address them all. That is exactly what we are preparing to do.
- I am confident that we have the strength and wisdom to overcome this crisis, and if we do, our economy and country will be better and stronger for it. Thank you.
No comments:
Post a Comment