Your Weekly Address - Video & Transcript - "A Solar Recovery"

[quiet.american]

http://www.whitehouse.gov/blog/2010/07/03/weekly-address-a-solar-recovery">

http://www.whitehouse.gov/blog/2010/07/03/weekly-address-a-solar-recovery">YOUR WEEKLY ADDRESS - A Solar Recovery
As part of the explosion of Recovery Act projects this summer and as a
move towards a clean energy future, the President announces nearly
$2 billion in conditional commitments to key solar companies.
(Click image for video)

Remarks of President Barack Obama
Saturday, July 3, 2010
Weekly Address
Washington, DC

This week, I spent some time in Racine, Wisconsin, talking with folks who are doing their best to cope with the aftermath of a brutal recession.

And while I was there, a young woman asked me a question I hear all the time: “What are we doing as a nation to bring jobs back to this country?”

Well, on Friday, we learned that after 22 straight months of job loss, our economy has now created jobs in the private sector for 6 months in a row. That’s a positive sign. But the truth is, the recession from which we’re emerging has left us in a hole that’s about 8 million jobs deep. And as I’ve said from the day I took office, it’s going to take months, even years, to dig our way out – and it’s going to require an all-hands-on-deck effort.

In the short term, we’re fighting to speed up this recovery and keep the economy growing by all means possible. That means extending unemployment insurance for workers who lost their job. That means getting small businesses the loans they need to keep their doors open and hire new workers. And that means sending relief to states so they don’t have to lay off thousands of teachers and firefighters and police officers.

Still, at a time when millions of Americans feel a deep sense of urgency in their own lives, Republican leaders in Washington just don’t get it. While a majority of Senators support taking these steps to help the American people, some are playing the same old Washington games and using their power to hold this relief hostage – a move that only ends up holding back our recovery. It doesn’t make sense.

But I promised those folks in Wisconsin – and I promise all of you – that we won’t back down. We’re going to keep fighting to advance our recovery. And we’re going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America.

That’s one of the reasons why we’re accelerating the transition to a clean energy economy and doubling our use of renewable energy sources like wind and solar power – steps that have the potential to create whole new industries and hundreds of thousands of new jobs in America.

In fact, today, I’m announcing that the Department of Energy is awarding nearly $2 billion in conditional commitments to two solar companies.

The first is Abengoa Solar, a company that has agreed to build one of the largest solar plants in the world right here in the United States. After years of watching companies build things and create jobs overseas, it’s good news that we’ve attracted a company to our shores to build a plant and create jobs right here in America. In the short term, construction will create approximately 1,600 jobs in Arizona. What’s more, over 70 percent of the components and products used in construction will be manufactured in the USA, boosting jobs and communities in states up and down the supply chain. Once completed, this plant will be the first large-scale solar plant in the U.S. to actually store the energy it generates for later use – even at night. And it will generate enough clean, renewable energy to power 70,000 homes.

The second company is Abound Solar Manufacturing, which will manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs. A Colorado plant is already underway, and an Indiana plant will be built in what’s now an empty Chrysler factory. When fully operational, these plants will produce millions of state-of-the-art solar panels each year.

These are just two of the many clean energy investments in the Recovery Act. Already, I’ve seen the payoff from these investments. I’ve seen once-shuttered factories humming with new workers who are building solar panels and wind turbines; rolling up their sleeves to help America win the race for the clean energy economy.

So that’s some of what we’re doing. But the truth is, steps like these won’t replace all the jobs we’ve lost overnight. I know folks are struggling. I know this Fourth of July weekend finds many Americans wishing things were a bit easier right now. I do too.

But what this weekend reminds us, more than any other, is that we are a nation that has always risen to the challenges before it. We are a nation that, 234 years ago, declared our independence from one of the greatest empires the world had ever known. We are a nation that mustered a sense of common purpose to overcome Depression and fear itself. We are a nation that embraced a call to greatness and saved the world from tyranny. That is who we are – a nation that turns times of trial into times of triumph – and I know America will write our own destiny once more.

I wish every American a safe and happy Fourth of July. And to all our troops serving in harm’s way, I want you to know you have the support of a grateful nation and a proud Commander-in-Chief. Thank you, God Bless You, and God Bless the United States of America.

[Cha]

1. Thanks QA~ Good to keep these remarks

from Obama handy. He and his Team are trying their best to extend unemployment for those who still can't find a job and the republicons are shutting their lifeline down.

The gNOps are also shutting down financial reform with the help of their NO buddy, russ feingold.

[Cha]

2. "'INJECTING DEMAND INTO THE ECONOMY' IS A GOOD IDEA"

".... House Speaker Nancy Pelosi spoke to reporters on Thursday, and stressed the importance of extended unemployment insurance. It's not only vital to offering some relief to the jobless, the Speaker said, but also serve as "one of the biggest stimuluses to our economy." Unemployment benefits are "spent quickly" and that money "injects demand into the economy," she explained, making the investment "job creating."

The right seemed to find this ridiculous. High-profile right-wing bloggers characterized the remarks as "laughable" and "lunacy." A Fox & Friends co-host said she didn't understand the "logic" of the argument. The publisher of the conservative Las Vegas Review-Journal said anyone with "half a brain" would disagree with Pelosi.

The intensity of the right's response is matched only by how terribly wrong conservatives are.

<snip>

Even conservatives should be able to understand this. The Congressional Budget Office has documented that aid to the unemployed is one of the highest-scoring stimulus policies (pdf) for exactly the reasons Pelosi explained. In terms of fiscal bang for the buck, Zandi's analysis found that the single most stimulative investments the government can make comes from a temporary increase in food stamps -- but extended unemployment benefits were a close second. (Both perform far better than tax cuts.)

It seems those with even "half a brain" should appreciate the concept. The point of any stimulus exercise is to inject money into the system. If the government provides a benefit to an individual, and he or she sticks the money into a savings account, that's not stimulative. But when the jobless receive benefits, they tend to spend it all quite quickly -- they have no choice; they're struggling to get by.

That Republicans and Ben Nelson think the deficit is more important than this is misguided. That media conservatives find this incomprehensible is bizarre."

<more>
http://www.washingtonmonthly.com/archives/individual/2010_07/024563.php#1794418

Was ben nelson whining when bushco was spending all the surplus and not paying for it? Were any of the other facists?