In this weekâ€™s address, the President urged Republican leaders in Congress to end their obstruction of a bipartisan bill that will reduce the influence wielded by corporations and foreign entities. The President vowed to continue the fight for reform and transparency, and said elected officials who benefit from corporate or foreign-funded ads should either defend the ads or join the bipartisan effort to stop them.
“Jumpstarting job creation in the private sector and fostering a climate that encourages businesses to hire again is vitally important â€“ and Iâ€™ll continue working hard to make sure that happens. But my responsibility as President isnâ€™t just to help our economy rebound from this recession â€“ itâ€™s to make sure an economic crisis like the one that helped trigger this recession never happens again.”
As the auto industry and financial markets begin to stabilize, the President says the governmentâ€™s emergency interventions are now winding down. He pledges that real reform, particularly on Wall Street, must now begin. General Motors announced that it has repaid its loan to taxpayers with interest five years ahead of schedule, and Chrysler Financial has already fully repaid with interest its loan as well.
Obama: What the young man was talking about was we need to – we need to repeal “Don’t Ask, Don’t Tell,” which I agree with and which we have begun to do. But let me say this: When you’ve got an ally like Barbara Boxer and you’ve got an ally like me who are standing for the same thing, then you don’t know exactly why you’ve got to holler, because we already hear you, all right? I mean, it would have made more sense to holler that at the people who oppose it.
In his weekly address, President Barack Obama announced that on Monday, his administration will send to Congress the blueprint for an updated Elementary and Secondary Education Act that will overhaul No Child Left Behind. The plan will set the ambitious goal of ensuring that all students graduate from high school prepared for college and a career, and it will provide states, districts and schools with the flexibility and resources to reach that goal.
Democrats and Republicans agree that this is a serious problem for America. And we agree that if we do nothing -â€“ if we throw up our hands and walk away -â€“ itâ€™s a problem that will only grow worse. Nobody disputes that. More Americans will lose their family’s health insurance if they switch jobs or lose their job. More small businesses will be forced to choose between health care and hiring. More insurance companies will deny people coverage who have preexisting conditions, or they’ll drop people’s coverage when they get sick and need it most. And the rising cost of Medicare and Medicaid will sink our government deeper and deeper and deeper into debt. On all of this we agree.
Reiterating once again his commitment to small business as the engine of our economy, the President urges Congress to move forward immediately on steps to help them expand and create jobs. These proposals include using $30 billion in TARP funds to create a new Small Business Lending Fund to provide capital to community banks to increase lending to small businesses…