Here is the transcript from the latest Weekly Address:
After promoting the “great work” he did oversees, President Obama says,
my thoughts are on the state of our economy at home. And that’s what I want to talk to you about today.
Hasn’t the majority of these addresses been about your thoughts on our economy here at home?
At the time, we were losing, on average 700,000 jobs a month.
You know the problems with averages is they are skewed to serve the one speaking about them.
We also passed the largest and most sweeping economic recovery plan in our nation’s history.
Please read this as, “Largest debt in the nation’s history”.
The Recovery Act wasn’t designed to restore the economy to full health on its own
Please read this as, “So don’t blame me that things haven’t picked up like I promised they would”.
And it’s led to new jobs building roads, bridges and other infrastructure projects, thousands of which are only beginning now. In the months to come, thousands more projects will begin, leading to additional jobs.
Then why is it that the national unemployment rate is going up? Where are these new jobs? What is the basis of the NUR? And a few months? In a few months people will be out of everything.
I realize that when we passed this Recovery Act, there were those who felt that doing nothing was somehow an answer.
I don’t remember anyone saying they felt doing nothing was the answer; I do remember people saying your plan was not the answer. They wanted to act, just not in such an extreme way.
Today, some of those same critics are already judging the effort a failure although they have yet to offer a plausible alternative.
Which is what the Democrats did when the Republicans were in power. It’s always a give and take with the two parties. You blame the other for the tricks you did in the past yourselves.
And the rest of the address is more of the same old blather we’ve heard ever since President Obama took office so I won’t dive into it.
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