Saturday, January 10, 2009

President-Elect Obama's Weekly Address - 01/10/09

President-elect Barack Obama gave his weekly address this morning. In this week's address Obama highlighted the challenges facing the nation's struggling economy and introduced a new report (pdf) that has been drafted by Christina Romer and Jared Bernstein. This report outlined the expected effects of its economic rescue package.

In his weekly radio/internet address, President-elect Obama explained:
"I asked my nominee for Chair of the Council of Economic Advisers, Dr. Christina Romer, and the Vice President-Elect's Chief Economic Adviser, Dr. Jared Bernstein, to conduct a rigorous analysis of this plan and come up with projections of how many jobs it will create, and what kind of jobs they will be. Today, I am releasing a report of their findings so that the American people can see exactly what this plan will mean for their families, their communities, and our economy.

"The report confirms that our plan will likely save or create three to four million jobs. 90 percent of these jobs will be created in the private sector -- the remaining 10 percent are mainly public sector jobs we save, like the teachers, police officers, firefighters and others who provide vital services in our communities.

"The jobs we create will be in businesses large and small across a wide range of industries. And they'll be the kind of jobs that don't just put people to work in the short term, but position our economy to lead the world in the long-term."

You can watch the address here:

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