OBAMA: Before I begin today's announcement, I want to say a few words about the deepening economic crisis that we've inherited and the need for urgent action.
Over the last few days, we've learned that Microsoft, Intel, United Airlines, Home Depot, Sprint Nextel and Caterpillar are each cutting thousands of jobs.
These are not just numbers on a page. As with the millions of jobs lost in 2008, these are working men and women whose families have been disrupted and whose dreams have been put on hold.
We owe it to each of them and to every single American to act with a sense of urgency and common purpose. We can't afford distractions and we cannot afford delays.
And that is why I look forward to signing an American recovery and reinvestment plan that will put millions of Americans to work and lay the foundation for stable growth that our economy needs and that our people demand.
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It will be the policy of my administration to reverse our dependence on foreign oil while building a new energy economy that will create millions of jobs.
And we hold no illusion about the task that lies ahead. I cannot promise a quick fix. No single technology or set of regulations will get the job done.
But we will commit ourselves to steady, focused, pragmatic pursuit of an America that is freed from our energy dependence and empowered by a new energy economy that puts millions of our citizens to work.
Today I'm announcing the first steps on our journey toward energy independence, as we develop new energy, set new fuel efficiency standards and address greenhouse gas emissions.
Each step begins to move us in a new direction, while giving us the tools that we need to change.
First we must take bold action to create a new American energy economy that creates millions of jobs for our people. The American Recovery and Reinvestment Plan before Congress places a downpayment on this economy.
It will put 460,000 Americans to work with clean energy investments and double the capacity to generate alternative energy over the next three years. It will lay down 3,000 miles of transmission lines to deliver this energy to every corner of our country. It will save taxpayers $2 billion a year by making 75 percent of federal buildings more efficient. And it'll save working families hundreds of dollars on their energy bills by weatherizing 2 million homes.
much more:
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/26/AR2009012601147.html