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It’s the Economy, Again, Stupid

President Bill Clinton, Feb. 17, 1993 President Barack Obama, Jan. 24, 2009

“This is not an ordinary time, and for all the “We begin this year and this Administration in
many tasks that require our attention, I believe the midst off an unprecedented crisis that calls
tonight one calls on us to focus, to unite, and to for unprecedented action.”
act. And that is our economy. For more
than anything else, our task tonight as
Americans is to make our economy thrive
again.”
“That is why I have proposed an American
“The plan I offer you has four fundamental Recovery and Reinvestment Plan to
components. First, it shifts our emphasis in immediately jumpstart job creation as well as
public and private spending from consumption long-term economic growth.”
to investment, initially by jumpstarting the
economy in the short term and investing in our
people, their jobs, and their incomes over the
long run. “It’s a plan that will save or create three to
four million jobs over the next few years, and
Our immediate priority must be to create jobs, one that recognizes both the paradox and the
create jobs now....To create jobs and guarantee promise of this moment–the fact that there are
a strong recovery, I call on Congress to enact millions of Americans trying to find work even
an immediate package of job investments of as, all around the country, there’s so much
over $30 billion to put people to work now, to work to be done.”
create a half million jobs....”
“Finally we will rebuild and retrofit America
“This plan invests in our roads, our bridges, to meet the demands of the 21st century. That
our transit systems, in highspeed railways and means repairing and modernizing thousands of
high-tech information systems.” miles of America’s roadways and providing
new mass transit options for millions of
Americans....and creating a better
communications network for local law
enforcement and public safety officials in the
event of an emergency.”

“...if we act boldly and honestly as leaders “...if we act now and act boldly, if we start
should, our legacy will be one of prosperity rewarding hard work and responsibility once
and progress. This must be America’s new more; if we act as citizens and not partisans
direction. Let us have the courage to seize it.” and begin again the work of remaking
America, then I have faith that we will emerge
from this trying time even stronger and more
prosperous than we were before.”
Compiled by Don Wolfensberger, The Congress Project, Woodrow Wilson International Center for Scholars

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