[Toshi]

sounds good to start:

http://change.gov/newsroom/entry/the_key_parts_of_the_jobs_plan/

Remarks of President-elect Barack Obama
Radio Address on the Economy
Saturday, December 6, 2008
Good morning.

Yesterday, we received another painful reminder of the serious economic challenge our country is facing when we learned that 533,000 jobs were lost in November alone, the single worst month of job loss in over three decades. That puts the total number of jobs lost in this recession at nearly 2 million.

But this isn’t about numbers. It’s about each of the families those numbers represent. It’s about the rising unease and frustration that so many of you are feeling during this holiday season. Will you be able to put your kids through college? Will you be able to afford health care? Will you be able to retire with dignity and security? Will your job or your husband’s job or your daughter’s or son's job be the next one cut?

These are the questions that keep so many Americans awake at night. But it is not the first time these questions have been asked. We have faced difficult times before, times when our economic destiny seemed to be slipping out of our hands. And at each moment, we have risen to meet the challenge, as one people united by a sense of common purpose. And I know that Americans can rise to the moment once again.

But we need action – and action now. That is why I have asked my economic team to develop an economic recovery plan for both Wall Street and Main Street that will help save or create at least two and a half million jobs, while rebuilding our infrastructure, improving our schools, reducing our dependence on oil, and saving billions of dollars.

We won’t do it the old Washington way. We won’t just throw money at the problem. We’ll measure progress by the reforms we make and the results we achieve -- by the jobs we create, by the energy we save, by whether America is more competitive in the world.

Today, I am announcing a few key parts of my plan. First, we will launch a massive effort to make public buildings more energy-efficient. Our government now pays the highest energy bill in the world. We need to change that. We need to upgrade our federal buildings by replacing old heating systems and installing efficient light bulbs. That won’t just save you, the American taxpayer, billions of dollars each year. It will put people back to work.

Second, we will create millions of jobs by making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s. We’ll invest your precious tax dollars in new and smarter ways, and we’ll set a simple rule – use it or lose it. If a state doesn’t act quickly to invest in roads and bridges in their communities, they’ll lose the money.

Third, my economic recovery plan will launch the most sweeping effort to modernize and upgrade school buildings that this country has ever seen. We will repair broken schools, make them energy-efficient, and put new computers in our classrooms. Because to help our children compete in a 21st century economy, we need to send them to 21st century schools.

As we renew our schools and highways, we’ll also renew our information superhighway. It is unacceptable that the United States ranks 15th in the world in broadband adoption. Here, in the country that invented the internet, every child should have the chance to get online, and they’ll get that chance when I’m President – because that’s how we’ll strengthen America’s competitiveness in the world.

In addition to connecting our libraries and schools to the internet, we must also ensure that our hospitals are connected to each other through the internet. That is why the economic recovery plan I’m proposing will help modernize our health care system – and that won’t just save jobs, it will save lives. We will make sure that every doctor’s office and hospital in this country is using cutting edge technology and electronic medical records so that we can cut red tape, prevent medical mistakes, and help save billions of dollars each year.

These are a few parts of the economic recovery plan that I will be rolling out in the coming weeks. When Congress reconvenes in January, I look forward to working with them to pass a plan immediately. We need to act with the urgency this moment demands to save or create at least two and a half million jobs so that the nearly two million Americans who’ve lost them know that they have a future. And that’s exactly what I intend to do as President of the United States.

Thanks for listening.

interesting to note the ending of "thanks for listening" instead of "praise be to teh baby jeebus", too. i approve.

 

[Transcend]

The most promising thing about that speech is that he didn't end it by saying god bless america.

 

[DaveW]

Methinks that the economic recovery will for the ordinary punter involve a lot of dropping the pants grabbing your ankles and repeating "thank you sir, may I have another!" until you learn that excessive debt is bad.

 

[Toshi]

Methinks that the economic recovery will for the ordinary punter involve a lot of dropping the pants grabbing your ankles and repeating "thank you sir, may I have another!" until you learn that excessive debt is bad.

during times of plenty i agree with you, but Paul Krugman (Nobel Laureate this year in Economics among other laudations) disagrees:

http://www.nytimes.com/2008/12/01/opinion/01krugman.html

Should the government have a permanent policy of running large budget deficits? Of course not. Although public debt isn’t as bad a thing as many people believe — it’s basically money we owe to ourselves — in the long run the government, like private individuals, has to match its spending to its income.

But right now we have a fundamental shortfall in private spending: consumers are rediscovering the virtues of saving at the same moment that businesses, burned by past excesses and hamstrung by the troubles of the financial system, are cutting back on investment. That gap will eventually close, but until it does, government spending must take up the slack. Otherwise, private investment, and the economy as a whole, will plunge even more.

The bottom line, then, is that people who think that fiscal expansion today is bad for future generations have got it exactly wrong. The best course of action, both for today’s workers and for their children, is to do whatever it takes to get this economy on the road to recovery.

 

[DaveW]

You missed the word "excessive"

And yes increased public spending during times of recession is good.
That is why the finance minister down here has spent the last 11 years racking up massive budget surpluses so that when the inevitable downturn comes the government have the ability to spend up large. I think he called it the economic stabliser theory or something like that?

 

[4xBoy]

Because to help our children compete in a 21st century economy, we need to send them to 21st century schools.

What a president that thinks this country should try to educate people?

We need mindless drones that can go kill people in other countries.



I hope he can help provide some change to the system, instead on status quo.

 

[Silver]

21st century schools...Hah!

Most of the country still thinks that women were created by a magic fairy taking a rib out of a guy named Adam...

 

[sanjuro]

All I can say is:

BUSH, STFU!

 

[rockwool]

What a president that thinks this country should try to educate people?

We need mindless drones that can go kill people in other countries.



I hope he can help provide some change to the system, instead on status quo.

No doubt that he will be some change, but if he will be enough change foreign policy wise is too hope for too much.