Wednesday, February 25, 2009

Obama: "There is a bankruptcy in America every thirty seconds"

Obama is the right man for the job because he thinks (and talks) critically. That doesn't mean he criticises people. Critical thinking involves not necessarily being positive or negative but in saying, "What's not working?" And that is exactly the psychology that is required.
It is also good to see Obama referring to Climate Change ("the ravages of climate change") and speaking clearly on America's energy addiction.
All of this is great, but the task they are faced with - even if they can manage to be honest and stare the whole hard truth in the face - is going to be dark and difficult for years to come.
clipped from

So I know how unpopular it is to be seen as helping banks right now, especially when everyone is suffering in part from their bad decisions. I promise you – I get it.

It’s an agenda that begins with jobs.

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.

This is a cost that now causes a bankruptcy in America every thirty seconds.
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