Thursday, January 28, 2010
Barack Obama's Speech Given Last Night
"That is why jobs must be our No 1 focus in 2010, and that is why I am calling for a new jobs bill tonight," he said.
The President said he "hated" bailing out Wall Street banks during his first year in office but it had been necessary to prevent a meltdown of the financial system. He proposed that $US30 billion ($33bn) of money repaid by Wall Street banks should be used to help community banks give credit to endangered small businesses. He backed a tax credit for small businesses that hired new workers, and the elimination of capital gains tax on small-business investment.
Mr Obama repeatedly challenged Republican opponents to reconsider after they used their numbers in the Senate to block health legislation and threatened to stymie bills on climate change and financial regulation. He urged panicked Democrats in congress to "not run for the hills".
He talked up the benefits of last year's $US787bn economic stimulus package and continued support for health and climate change legislation, new family tax credits for university education and a boost in support for war veterans. --> Thoughts?
© 2011 BowWow Today. All Rights Reserved. Designed By Brandan Bath