Obama: ‘Only Government’ Can Fix What Ails Us…
Doing too little or nothing will lead to worse trouble, he warned. Government is the answer:
“It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe,” Obama said. “Only government can break the vicious cycles that are crippling our economy -- where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit.”
Obama, speaking at George Mason University in Northern Virginia, said his plan includes a number of programs to revitalize the economy and create jobs.
Specifically, he said he wanted to double the production of alternative energy in the next three years, modernize more than 75 percent of federal buildings and improve medical record-keeping.
He also called for "21st century classrooms," expanding Internet access in rural areas and investing more in science in research.
The text of the speech can be found here.
(The Associated Press contributed to this report.)