Obama’s Speech on the Economy: "Renewing the American Economy" (text)

[DeepModem Mom]

NYT: March 27, 2008
Obama’s Speech on the Economy


Mayor Michael R. Bloomberg introduced Senator Obama. (Alex Brandon/AP)

In a speech at Cooper Union in New York, Senator Barack Obama proposed relief for homeowners and an additional $30 billion stimulus package to address the nation’s economic woes.

Mr. Obama outlined six principles that he said “should guide the legal reforms needed to establish a 21st century regulatory system.” But he cautioned that the “change we need goes beyond laws and regulation – we need a shift in the cultures of our financial institutions and our regulatory agencies.”

He also criticized John McCain’s economic plan as something that “amounts to little more than watching this crisis happen.

“While this is consistent with Senator McCain’s determination to run for George Bush’s third term, it won’t help families who are suffering, and it won’t help lift our economy out of recession,” he said....

http://thecaucus.blogs.nytimes.com/2008/03/27/obamas-speech-on-the-economy/index.html?hp

Link to text of speech, "Renewing the American Economy": http://www.nytimes.com/2008/03/27/us/politics/27text-obama.html?pagewanted=all

[Catherina]

1. Thanks for posting this

I missed it this morning so this is coming in handy!