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Obama’s Speech at Signing of Stimulus Bill

Obama’s Speech at Signing of Stimulus Bill

President Obama spoke briefly today in Denver before signing the stimulus bill. His remarks and the event were thoughtfully orchestrated to make clear the President’s vision of an American renewal through public investment.  The President’s entire speech as well the introduction by Blake Jones of Namaste Solar, a Denver company aided by the stimulus legislation, is well-worth viewing.

View the CNBC broadcast of the President’s speech here.

President Obama made plain that he believes investment in public education, green technologies, traditional infrastructure, and health care information technology contained in the bill is a recipe for America’s long-term growth, prosperity and leadership.  The President made references to John F. Kennedy’s Mission to the Moon and Dwight Eisenhower’s interstate highway program as examples of large-scale public investment that stimulated private enterprise and served a national purpose.

President Obama did not shy away from his accomplishment, just three weeks into office, calling it, “the most sweeping economic recovery package in our history.”  The President touted its support by governors and mayors and, in a comment aimed to shore up support among skeptics, proclaimed,

“What makes this recovery plan so important is not just that it will create or save three and a half million jobs over the next two years, including nearly 60,000 in Colorado. It’s that we are putting Americans to work doing the work that America needs done in critical areas that have been neglected for too long – work that will bring real and lasting change for generations to come.” (Transcript)

He noted jobs saved, but focused on education, noting that 14,000 New York City teachers will likely keep their jobs because of the bill.  Over and over he attempted to demonstrate that the spending was in areas that were necessary to meet the needs of tomorrow.

The President also brought up discipline and responsibility to remind Americans that the road ahead will not be easy.  But he returned to his belief that the stimulus bill achieved a balance between public and private, present and future. 

Obama was introduced by Blake Jones, a Denver area entrepreneur in solar technologies.  Mr. Jones aptly discussed his firm’s difficulties because of the recession and the likely benefits to his firm and his industry because of the new legislation.  He enthusiastically pointed out that in green technology, the legislation was good for employment, for the environment, and for America’s bid for energy independence.  

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25 comments

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12:11PM PST on Feb 24, 2009

In spite of the fact that I had serious doubts about the "stimulus package", it shined a ray of hope on my current situation. I am one of the over 200 teachers laid off at the end of last school year...June '08....now drawing unemployment for the first time since 1973 when I was laid off by Texas Instruments...to keep my health benefits in tact, I signed up for COBRA...cost=$600 per month....with a $900 per month unemployment check that doesn't leave much...I am divorced and had no choice but to move back in with my ex-husband who fortunately has been a great friend....the previews of the stimulus package mentioned helping those on COBRA by paying 65% of the cost..I was encouraged to say the least...NOW the truth is out...this applies ONLY to those who were laid off AFTER Sept. 1, 2009...not only that, those who WERE laid off after 9-1-09 and did NOT meet their deadline for signing up for COBRA get another opportunity to sign up AND get 65% of the bill covered...the tax that comes out of my unemployment check will be used to help fund this...WHERE do our leaders come up with a date like this which eliminates those of us who have been unemployed longer; met our COBRA deadlines; and doing without essentials to keep our health insurance?? My hope for help went down in flames along with any respect I had for Obama's administration.

5:27AM PST on Feb 20, 2009

Dan,
Congratulations, your associating the current economic crisis with President Obama, it demonstrates a limbaugh-esque talent for revisionism.
What we are experiencing is the fruition of the Great Communicator's selling the policies of "reaganomics" and "de-regulation" to an extraordinarily selfish and ill-informed American public.
His and the next two republican administrations accrued seventy-five percent of this nation's debt as a result of adherence to the former.
The unscrupulous and the inept collapsed the world's economy as a result of adoption of the latter.

8:04PM PST on Feb 18, 2009

Ironically this problem really did begin with Barak Obama in a way. It now appears that people were sounding the alarm about Fannie Mae in 2005 and even earlier. Fannie Mae contributed more to Obama than most and I suspect they received favorable treatment. I'm not one to let Bush off the hook but remember, Obama was in the Senate, and Democrats controlled both houses of congress; lots of blame to go around here. I think what goes around comes around for Obama; he can blame others, but he--maybe I should say we--have to deal with the consequences.

Dan

3:26PM PST on Feb 18, 2009

Yes Janet, I am focusing on a return to a free country, one that respects our founding principles. I am focusing on Obama's wonderful promises. Problem is that I have to face reality. Obama promised to return the troops right away. Lie. He promised not to engage corporate and industry lobbiests in his cabinet. Lie. Now he's acting just like Bush by rushing Congress through legislation without letting them read it. Idiots all! And I mean us, included!

3:13PM PST on Feb 18, 2009

Yes Janet, I am focusing on a return to a free country, one that respects our founding principles. I am focusing on Obama's wonderful promises. Problem is that I have to face reality. Obama promised to return the troops right away. Lie. He promised not to engage corporate and industry lobbiests in his cabinet. Lie. Now he's acting just like Bush by rushing Congress through legislation without letting them read it. Idiots all! And I mean us, included!

12:15PM PST on Feb 18, 2009

Obama is just wanted a photo opt, when he signed that bill. I am praying that we get thru the next four years with all this spending he is doing for his friends. You people dont get it, this country is going down and is going down fast. More and more people are being layed off, more people are losing their homes. People are closing their eyes to all of this stuff. How many of us has lost their heat for their homes how many are hungry not knowing when they will eat again. Then you say lets give our money away to help the elected officials spend more. What a country.

11:51AM PST on Feb 18, 2009

Well, keep in mind, the problem did not begin with President Obama, he just got in and is doing what he thinks is best to remedy the problem. That is a fact that should be given consideration. I applaude him for that, at least he did not make a mess and skip out. I am still trying to figure out why he would want to stick his head in such a mess. Must really be a humanitarian for sure.

11:29AM PST on Feb 18, 2009

It is important that Obama campaign the plan because his signature doesn't make it a sure thing. It takes the people being aware and calling their representatives for this to go through. I am grateful for a president who actually reaches out to the citizens of America. He cannot do this alone. We have to stop complaining and expecting the government to fix things. We need community involvement more than anything. While we sit back complaining we could be out there motivating people as well to take back their freedom by OUR own actions.

11:27AM PST on Feb 18, 2009

The "Stick-it-to-us Bill" will do nothing to improve our economy. I lived through the Carter years (the worst, so far) and remember double-digit interest rates and rampant inflation. Oh yeah, and we ticked off the Middle East and stood in gas lines for hours. There was also the economic downturn in the 1980's, which hit Texas especially hard. There were no bailouts when houses were being foreclosed on left and right. Neighborhoods were rendered abandoned, and housing values plummeted. Texas never seems to warrant help from the federal government. After all, we have all that oil. Deja vu anyone?

11:22AM PST on Feb 18, 2009

Geez let me see...No one has said anything about Bush and his croines starting two wars and spending our money like it was water!! Killing our planet...our wildlife etc..I say give Obama a chance

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