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Economic Recovery And Health Care Are Related

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Uploaded on Oct 2, 2009

When I took office eight months ago, our nation was in the midst of an economic crisis unlike any wed seen in generations. While I was confident that our economy would recover, we know that employment is often the last thing to come back after a recession. Our task is to do everything we possibly can to accelerate that process.

And weve certainly made progress on this front since the period last winter when we were losing an average of 700,000 jobs each month. But yesterdays report on September job losses was a sobering reminder that progress comes in fits and starts, and that we will need to grind out this recovery step by step.

Thats why Im working closely with my economic team to explore additional options to promote job creation. And I wont let up until those who seek jobs can find them; until businesses that seek capital and credit can thrive; and until all responsible homeowners can stay in their homes.

It wont be easy. It will require us to lay a new foundation for our economy one that gives our workers the skills and education they need to compete; that invests in renewable energy and the jobs of the future; and that makes health care affordable for families and businesses particularly small businesses, many of which have been overwhelmed by rising health care costs.

This is something I hear about from entrepreneurs I meet people whove got a good idea, and the expertise and determination to build it into a thriving business. But many cant take that leap because they cant afford to lose the health insurance they have at their current job.

I hear about it from small business owners who want to grow their companies and hire more people, but they cant, because they can barely afford to insure the employees they have. One small business owner wrote to me that health care costs are and I quote "stifling my business growth." He said that the money he wanted to use for research and development, and to expand his operations, has instead been "thrown into the pocket of healthcare ...

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