State of the
Every American concerned about the economy should have been watching the 2009 State of the Union Address.
President Barack Obama addressed congress last night for the first as President. “For many American’s watching, the state of the economy is a concern that rises above all others.”
The speech was delivered on the floor of the chamber of the United States House of Representatives in
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President Obama began his speech with unemployment. He said, “As soon as he took office he asked congress to send him a recovery plan by president day that would put people back to work and money in their pockets.”
He also spoke on The American Recovery and Reinvestment Act of 2009. “Over the next two years, this plan will save or create 3.5 million jobs. More than 90% of these jobs will be in the private sector jobs rebuilding our roads and bridges; constructing wind turbines and solar panels; laying broadband and expanding mass transit,” the President explained.
College students and high school students continuing their education are also involved in the plan. The Act allows families who are struggling to pay tuition costs will receive a $2,500 tax credit for all four years of college.
He also touched on credit and lending and stressed how important it is for us to clean it up. He stressed a new lending fund that represents the largest effort ever to help provide auto loans, college loans, and small business loans to the consumers and entrepreneurs.
Also, housing plans that will help responsible families facing the threat of foreclosure lower their monthly payments and re-finance their mortgages.
Lastly, act with the full force of the federal government to ensure that the major banks that Americans depend on have enough confidence and enough money to lend even in more difficult times.
Louisiana Governor Bobby Jindal delivered the Republican response to the address soon after. Throughout his speech, Jindal compared himself to the President. Jindal stated, “Like the President’s father, my parents came to this country from a distant land, as I grew up, my mom and dad taught me the values that attracted them to this country - and they instilled in me an immigrant’s wonder at the greatness of
However, Jindal had a few disapproved of some of the President plan saying, “Who among us would ask our children for a loan, so we could spend money we do not have, on things we do not need? That is precisely what the Democrats in Congress just did. It’s irresponsible.”
Who is to tell what
