It is because of this spirit, this great decency and great strength that I have never been more hopeful about America's future than I am tonight. Despite our hardships, our union is strong. We do not give up. We do not quit. We do not allow fear or division to break our spirit. In this new decade, it's time the American people get a government that matches their decency, that embodies their strength.
Except for with Iraq and Afghanistan...the american people want to quit....Other than that I mean.
And tonight, I'd like to talk about how together, we can deliver on that promise.
As long as you do what I want and say....
Our most urgent task upon taking office was to shore up the same banks that helped cause this crisis. It was not easy to do. And if there's one thing that has unified Democrats and Republicans, it's that we all hated the bank bailout. I hated it. You hated it. It was about as popular as a root canal.
Yet I still voted for it and signed the bill....because I really don't care what the people want...
So I supported the last administration's efforts to create the financial rescue program. And when we took the program over, we made it more transparent and accountable. As a result, the markets are now stabilized, and we have recovered most of the money we spent on the banks.
Well sort of transparent, it is more like looking through tinted windows of a limo...you can see something going on but not sure what.
To recover the rest, I have proposed a fee on the biggest banks. I know Wall Street isn't keen on this idea, but if these firms can afford to hand out big bonuses again, they can afford a modest fee to pay back the taxpayers who rescued them in their time of need.
Basically I am going to risk your stock and 401K again in an attempt to get more money for our bloated government...But this is not a tax hike.....more like an increase of interest rates on a loan.
Because of the steps we took, there are about 2 million Americans working right now who would otherwise be unemployed -- 200,000 work in construction and clean energy, 300,000 are teachers and other education workers, tens of thousands are cops, firefighters, correctional officers and first responders. And we are on track to add another one-and-a-half-million jobs to this total by the end of the year.
That only cost us 225,000 per job. How is that for efficiency....at this rate I can get us back to full employment for a meer 6,750,000,000,000. 75% which will be government jobs as were the ones created with the previous bill...but relax, that still leaves 25% for the private sector....small businesses will be able to generate some jobs.Don't worry about the deficit spending, I was only kidding when I complained about it before...
There are stories like this all across America. And after two years of recession, the economy is growing again. Retirement funds have started to gain back some of their value. Businesses are beginning to invest again, and slowly some are starting to hire again.
Except walmart corporation and such. Oh and forget that each month we had a net loss in jobs...That means nothing...Just because Sam's club is laying off 10% of their work force that means nothing...those corporations and businesses are growing....take my word for it.
Now, the true engine of job creation in this country will always be America's businesses. But government can create the conditions necessary for businesses to expand and hire more workers.
We should start where most new jobs do -- in small businesses, companies that begin when an entrepreneur takes a chance on a dream or a worker decides it's time she became her own boss.
With that being true, in my infinite wisdom we started at the government sector with the first stimulus package...the next one will be for the small business sector....since they are more important. I promise.
Continued.............