President Obama held his first press conference on Feb. 9, 2009 and made his case for the passage of an aggressive stimulus package to relieve the economic crisis facing taxpayers.
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Piece Description
President Obama held his first press conference on Feb. 9, 2009 and made his case for the passage of an aggressive stimulus package to relieve the economic crisis facing taxpayers.
Transcript
[Editor's Note: This transcript was released by the White House on February 9, 2009.]
Press Conference By The President
East Room
8:01 P.M. EST
THE PRESIDENT: Good evening, everybody. Please be seated.
Before I take your questions tonight, I'd like to speak briefly about the state of our economy and why I believe we need to put this recovery plan in motion as soon as possible.
I took a trip to Elkhart, Indiana today. Elkhart is a place that has lost jobs faster than anywhere else in America. In one year, the unemployment rate went from 4.7 percent to 15.3 percent. Companies that have sustained this community for years are shedding jobs at an alarming speed, and the people who've lost them have no idea what to do or who to turn to. They can't pay their bills and they've stopped spending money. And because they've stopped spending money, more businesses have been forced to lay off mor...
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