Yesterday, President Barack Obama addressed Congress on a number of issues, including the economy. In his first address to Congress, he made it clear that America can (and will) rebuild its economy, and he outlined that he thought that investment in the future was the way out of this mess. Stock Market Funding offers this on Obama's remarks:
A
failure to confront the nation's dependence on foreign oil, deal with
the rising cost of health care or find a solution to the decline of
American schools contributed to the place the country finds itself in,
Mr. Obama said. He renewed his call for investments in all areas,
particularly finding a way to create energy resources that do not rely
on foreign sources of oil.
failure to confront the nation's dependence on foreign oil, deal with
the rising cost of health care or find a solution to the decline of
American schools contributed to the place the country finds itself in,
Mr. Obama said. He renewed his call for investments in all areas,
particularly finding a way to create energy resources that do not rely
on foreign sources of oil.
I think that he makes a good point. For too long our priorities have been in the wrong place. However, the sort of investment he talks about is expensive. It will be interesting to see how Obama plans to cut the federal deficit and fund the future tomorrow when he presents his 2010 budget preview.
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