Amid an historic-high unemployment rate and continued credit concerns, President Barack Obama spoke at Georgetown about what it will take to get the nation through economic recovery.
The president arrived to huge applause in Gaston Hall before he went into how the poor decisions of Wall Street, Washington and “Main Street” have contributed to the current economic crisis.
“In just under three months, we’ve responded to an extraordinary set of economic challenges with extraordinary action; action that’s been unprecedented both in terms of its scale and its speed,” Obama said.
Under the nation’s recovery plan, focus turns less to the financial sector and more to renewable energy, health care reform and new legal authority and regulations that would curb corporate loopholes on Wall Street.
The plan’s focus on college enrollment, early childhood education and vocational training attempts to make America more sustainable, Obama said. He’d like to see Americans commit to at least one year of education or career development.