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Thursday, January 8, 2009

Obama's Speech

An excerpt from Obama's economic crisis speech to be given in short order:

"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."

...It will be so nice to have a President that understands things again.

3 comments:

Tschäff said...

wait, are you saying that sarcastically?

Garth said...

nope.

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