Thursday, January 8, 2009

Obama Speech at George Mason on Economy

In case you missed it (especially for those at the AALS Conference), here is Obama's speech today at George Mason University on the economy. Obama calls immediately for an American Recovery and Reinvestment Plan (the "Plan"). The Plan will create up to 3 million new jobs for Americans over the coming years, focusing on investment in energy, education and healthcare to help America remain competitive. The Plan will include infastructure projects, tax cuts, and extension of unemployment benefits. Obama acknowledged the cost of economic recovery, but stressed greater accountability for government spending.

Obama asked people to consider not what is good for me, but "what is good for the country my children will inherit." A very good speech. Now, hopefully action is not far behind. What exact form that action will take is probably the biggest unresolved question. There is sure to be political wrangling about what projects are most important and the cost.

Part I:

Part II:


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