(Photo from cnn)It seems like US President Barack Obama never runs out of good thoughts and high spirits. While the whole world watches how the United States of America will survive the current recession, the US president is showing great composure under pressure.
During his fist speech before the United States joint Congress recently, Obama made a daring promise to cut down US deficit into half by end of his first term. He focused on the benefits of his $787 billion Stimulus Bill and thanked the Congress saying that this would be America’s economic recovery package. The President added that it will create some 3.5 million jobs.
“It's time to act boldly not just to revive the economy, but to build a new foundation for lasting prosperity…While the cost of action will be great, I can assure you that the cost of inaction will be far greater," he said.
Highly optimistic, the President insisted that America will “rebuild and recover” and will emerge “stronger than before.”
“The only way to fully restore America's economic strength is to make the long-term investments that will lead to new jobs, new industries, and a renewed ability to compete with the rest of the world…Slowly, but surely, confidence will return, and our economy will recover," he said.
He likewise said that his administration will focus on three priorities such as energy, education and health care. He plans to present this to the Congress soon. He also said US will invest $15 billion a year to develop green energy technology.
Aside from enumerating the things that he will see being done, Obama said the US is now carefully looking how to possibly win the war in Afghanistan and end the one in Iraq.
But just like in the Philippines, Obama is faced with the opposition bloc, the Republicans who said over national television that the Democrats’ stimulus plan is “loaded with wasteful spending.”
The group, represented by Louisiana Gov. Bobby Jindal, the first Indian-American elective governor in US, said that “in the end, it comes down to an honest and fundamental disagreement about the proper role of government."
Jindal said: "We oppose the national Democratic view that says the way to strengthen our country is to increase dependence on government. We believe the way to strengthen our country is to restrain spending in Washington, to empower individuals and small businesses to grow our economy and create jobs.” (30)
During his fist speech before the United States joint Congress recently, Obama made a daring promise to cut down US deficit into half by end of his first term. He focused on the benefits of his $787 billion Stimulus Bill and thanked the Congress saying that this would be America’s economic recovery package. The President added that it will create some 3.5 million jobs.
“It's time to act boldly not just to revive the economy, but to build a new foundation for lasting prosperity…While the cost of action will be great, I can assure you that the cost of inaction will be far greater," he said.
Highly optimistic, the President insisted that America will “rebuild and recover” and will emerge “stronger than before.”
“The only way to fully restore America's economic strength is to make the long-term investments that will lead to new jobs, new industries, and a renewed ability to compete with the rest of the world…Slowly, but surely, confidence will return, and our economy will recover," he said.
He likewise said that his administration will focus on three priorities such as energy, education and health care. He plans to present this to the Congress soon. He also said US will invest $15 billion a year to develop green energy technology.
Aside from enumerating the things that he will see being done, Obama said the US is now carefully looking how to possibly win the war in Afghanistan and end the one in Iraq.
But just like in the Philippines, Obama is faced with the opposition bloc, the Republicans who said over national television that the Democrats’ stimulus plan is “loaded with wasteful spending.”
The group, represented by Louisiana Gov. Bobby Jindal, the first Indian-American elective governor in US, said that “in the end, it comes down to an honest and fundamental disagreement about the proper role of government."
Jindal said: "We oppose the national Democratic view that says the way to strengthen our country is to increase dependence on government. We believe the way to strengthen our country is to restrain spending in Washington, to empower individuals and small businesses to grow our economy and create jobs.” (30)
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