Source: The White House
The past three months have seem a storm of activity from the White House, with initiatives on housing, the markets, the auto industry, small businesses, international financial cooperation and job creation through The Recovery Act. Tuesday, the President made it his central purpose of to explain the vision that has served as the foundation for every major initiative on the economy thus far:
The President made clear that a new foundation for growth and prosperity must be laid– a foundation that is built on five pillars that will grow the economy and make this century another American century.
According to the President, we cannot rebuild this economy on the same pile of sand. We must build our house upon a rock. We must lay a new foundation for growth and prosperity — a foundation that will move us from an era of borrow and spend to one where we save and invest; where we consume less at home and send more exports abroad.
It’s a foundation built upon five pillars that will grow our economy and make this new century another American century:Â Number one, new rules for Wall Street that will reward drive and innovation, not reckless risk-taking ; number two, new investments in education that will make our workforce more skilled and competitive ; number three, new investments in renewable energy and technology that will create new jobs and new industries; number four, new investments in health care that will cut costs for families and businesses; and number five, new savings in our federal budget that will bring down the debt for future generations.
That’s the new foundation we must build. That’s our house built upon a rock. That must be our future — and my administration’s policies are designed to achieve that future.
The House Upon a Rock
