At his second press conference as President, Barack Obama addresses the nation and the pressing issue of the current economic crisis. He stresses that "there is no quick fix, no silver bullets." The economic recovery plan aims to created more jobs in construction, teaching, and other valuable areas. Additionally, Obama says that home ownership will likely rise because of lower current housing prices and mortages.
"It is my goal to cut the deficit in half by the end of my term," Obama said.
According to Obama, clean energy jobs and efficient health care are vital to the budget and recovery plan because they will set up the country better for the future. Though the banks and lenders give out bonus and continue practicing the habits that "brought this economy to its knees," Obama does not advise "demonizing" them.
"We will recover from this recession. But it will take time, it will take patience, and we will all need to work together," Obama said.
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