Obama Speech to Congress Part 3/6

WASHINGTON - President Barack Obama struck a balance between grim economic reality and a more hopeful outlook on Tuesday to try to reassure worried Americans their country will emerge from crisis "stronger than before."

Riding high in opinion polls, Obama was careful to include a sober assessment of the economic emergency in his first speech to Congress, seeking to temper expectations that his administration's rescue efforts would yield quick fixes.

But the politician whose memoir was called "The Audacity of Hope" and who won the White House in last November's election amid chants of "yes, we can" was also back in stride, telling recession-weary Americans to expect better days ahead.

"While our economy may be weakened and our confidence shaken, though we are living through difficult and uncertain times, tonight I want every American to know this: We will rebuild, we will recover," Obama said in the televised speech.

"And the United States of America will emerge stronger than before," he told a chamber packed with lawmakers, cabinet members and invited guests.

The Democratic president also leveled a barrage of indirect criticism at his Republican predecessor George W. Bush for the country's economic plight and bloated debt, warning that the "day of reckoning" had arrived.

Five weeks after taking office, Obama pressed the case for his economic plans while laying out a broad agenda, including a much-anticipated push for a healthcare overhaul and energy independence, to help build momentum for his young presidency.

The primetime State of the Union-style address to a joint session of the Senate and House of Representatives came against a backdrop of growing anxiety across the country in the face of the worst financial meltdown in decades.

While his public support is strong, Wall Street remains skeptical of his economic remedies.

Jittery investors sent U.S. stocks to a 12-year low on Monday, but the markets rallied on Tuesday on Federal Reserve Chairman Ben Bernanke's assurances that the country's troubled banks should be able to weather the downturn without being nationalized.

Trying to show he would make good on his promise of fiscal responsibility, Obama said he had identified $2 trillion in budget cuts over the next decade.

Obama, who rolls out his first budget proposal on Thursday, has vowed to halve the annual deficit by the end of his term.

Category:

News & Politics

Tags:

• OBAMA
• ECONOMY
• SPEECH
• CONGRESS
• BUDGET

[Yensid98]

President Obama has inherited a lot of mess and is doing an admirable job of trying to get things back on track. I believe in President Obama.

It feels so good to have pride in our President again.

[roychoudhuri]

Mr Obama has produced a government of such efficiency that we have begun to take this efficiency for granted! Consider the vast waste and plunder that the Republicans allowed and encouraged under their watch, and two useless and widely mocked wars that they started.. COMPARE AND CONTRAST! The republicans would not have been able to organize even one let alone so many of the achievements this preseident and this government have already achieved. Open your eyes.

[TarikuKunn]

@fuckyougeorgew ohh you wouldn't want to know

[DraeneiGirlsHotMuch]

@macpoopstick your the fucking tard u bitch

[beatleme2]

f obama when he went up on my cigs i said f obama

[zerizzie]

Jimmy carter increased our money supply by 13%

In order to stop inflation, the fed had to increase interest rates to 20%

Obama has increased the money supply by 120%.. ONE HUNDRED AND TWENTY PERCENT. What will the interest rates have to be to combat inflation??

It is not possible.

It is called the Cloward and Piven strategy.

CHECK OUT MY POLITICAL RAPS ON MY PAGE

I go over Cloward and Piven and Saul Alinsky and more..

[SiouxSyndicate]

The US has to find a new way to stop being so destructive by polution, deforestation etc.

Also get independant from oil recources..not only for the enviroment.

We dont need others to play the boss like China or the middle East.

The US has finnaly got a leader that isnt that fkkin arrogant towards other nation..now they can CHANGE.

That doesnt make him naive..he is smart.

onelove.

[111256able]

I know its tough but i hope obama succeed!!

[Tapecutter59]

Actually the French invented the first steam powered car in 1769, the Americans were the first to start manafacturing them.

But still, I can't help but admire Obama's rhetorical skill. I believe his intentions are honouable and he is by far the best statesman to come out of the US for decades.

However it will be a few more years before anyone can judge the worth of his actions with any degree of intellectual honesty.

[parkourist19]

so ur trying to say ever get lazy and let god do it all? god will help as much as he can but he cant do it all