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se of what we did together, there will now be shovels in the ground, cranes in the air, and workers rebuilding our crumbling roads and bridges, and repairing our faulty levees and dams.Because of what we did, panies large and small that produce renewable energy can now apply for loan guarantees and tax credits and find ways to grow, instead of laying people off。s children for generations to e.Americans across this country are struggling, and they are watching to see if we39。t expect Democratic solutions or Republican solutions – they expect American solutions.From the beginning, this recovery plan has had at its core a simple idea: Let39。s be clear: We can39。s election was all about. Legislation of such magnitude deserves the scrutiny that it39。 and laying broadband internet lines to connect rural homes, schools, and businesses to the information superhighway.The work of repairing our crumbling roads and bridges, and our dangerously deficient dams and levees.And we’ll help folks who’ve lost their jobs through no fault of their own by providing the unemployment benefits they need and protecting the health care they count on.Now, some fear we won’t be able to effectively implement a plan of this size and scope, and I understand their skepticism. Washington hasn’t set a very good example in recent years. And with so much on the line, it’s time to begin doing things differently.That’s why our goal must be to spend these precious dollars with unprecedented accountability, responsibility, and transparency. I’ve tasked my cabinet and staff to set up the kind of management, oversight, and disclosure that will help ensure that, and I will challenge state and local governments to do the same.Once the plan is put into action, a new website – Recovery DOT gov – will allow any American to watch where the money goes and weigh in with ments and questions – and I encourage every American to do so. Ultimately, this is your money, and you deserve to know where it’s going and how it’s spent.This historic step won’t be the end of what we do to turn our economy around, but the beginning. The problems that led us into this crisis are deep and widespread. Our response must be equal to the task.For our plan to succeed, we must stabilize, repair, and reform our banking system, and get credit flowing again to families and businesses.We must write and enforce new rules of the road, to stop unscrupulous speculators from undermining our economy ever again.We must stem the spread of foreclosures and do everything we can to help responsible homeowners stay in their homes.And in the weeks ahead, I will submit a proposal for the federal budget that will begin to restore the discipline these challenging times demand. Our debt has doubled over the past eight years, and we’ve inherited a trilliondollar deficit – which we must add to in the short term in order to jumpstart our sick economy. But our longterm economic growth demands that we tame our burgeoning federal deficit。m mitted to doing what it takes to maintain the flow of credit, the American people will not excuse or tolerate such arrogance and greed. The road to recovery demands that we all act responsibly, from Main Street to Washington to Wall Street.Soon my Treasury Secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families. We39。t know whether their retirement will be dignified and secure.The good news is that we are moving forward with a sense of urgency equal to the challenge. This week the House passed the American Recovery and Reinvestment Plan, which will save or create more than 3 million jobs over the next few years. It puts a tax cut into the pockets of working families, and places a down payment on America39。d like to talk about some good news and some bad news as we confront our economic crisis.The bad news is well known to Americans across our country as we continue to struggle through unprecedented economic turmoil. Yesterday we learned that our economy shrank by nearly 4 percent from October through December. That decline was the largest in over a quarter century, and it underscores the seriousness of the economic crisis that my administration found when we took office.Already the slowdown has cost us tens of thousands of jobs in January alone. And the picture is likely to get worse before it gets better.Make no mistake, these are not just numbers. Behind every statistic there39。Remarks of President Barack ObamaWeekly AddressSaturday, January 24th, 2009We begin this year and this Administration in the midst of an unprecedented crisis that calls for unprecedented action. Just this week, we saw more people file for unemployment than at any time in the last twentysix years, and experts agree that if nothing is done, the unemployment rate could reach double digits. Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost ine for a family of four. And we could lose a generation of potential, as more young Americans are forced to forgo college dreams or the chance to train for the jobs of the future.In short, if we do not act boldly and swiftly, a bad situation could bee dramatically worse.That is why I have proposed an American Recovery and Reinvestment Plan to immediately jumpstart job creation as well as longterm economic growth. I am pleased to say that both parties in Congress are already hard at work on this plan, and I hope to sign it into law in less than a month.It’s a plan that will save or create three to four million jobs over the next few years, and one that recognizes both the paradox and the promise of this moment the fact that there are millions of Americans trying to find work even as, all around the country, there’s so much work to be done. That’s why this is not just a shortterm program to boost employment. It’s one that will invest in our most important pri