Canceled.LTroll.8
Banned
Our country has been through a terrible trial.
More than 8 million people have lost their jobs.
Countless small businesses have had to shut their doors.
Trillions of dollars in savings have been lost, forcing seniors to put off retirement, young people to postpone college, entrepreneurs to give up on the dream of starting a company, and as a nation we were forced to take unprecedented steps to rescue the financial system and the broader economy.
As a result of the decisions we made, some of which, let’s face it, were very unpopular, we are seeing hopeful signs.
A little more than one year ago we were losing an average of 750,000 jobs each month.
Today, America is adding jobs again.
One year ago the economy was shrinking rapidly.
Today the economy is growing.
In fact, we’ve seen the fastest turnaround in growth in nearly three decades.
That’s why I feel so strongly that we need to enact a set of updated, commonsense rules to ensure accountability on Wall Street and to protect consumers in our financial system.
Now, here’s the good news: A comprehensive plan to achieve these reforms has already passed the House of Representatives. A Senate version is currently being debated, drawing on ideas from Democrats and Republicans.
Both bills represent significant improvement on the flawed rules that we have in place today, despite the furious effort of industry lobbyists to shape this legislation to their special interests.
So, by enacting these reforms, we’ll help ensure that our financial system, and our economy, continues to be the envy of the world.
This is not about stifling competition, stifling innovation; it’s just the opposite.
With a dedicated agency setting ground rules and looking out for ordinary people in our financial system, we will empower consumers with clear and concise information when they’re making financial decisions.
So, instead of competing to offer confusing products, companies will compete the old-fashioned way, by offering better products.
This is the central lesson not only of this crisis but of our history. It’s what I said two years ago. Because, ultimately, there is no dividing line between Main Street and Wall Street.
We will rise or we will fall together as one nation, and that is why I urge all of you to join me.
I urge all of you to join me, to join those who are seeking to pass these commonsense reforms, and for those of you in the financial industry, I urge you to join me, not only because it is in the interest of your industry, but also because it’s in the interest of your country.
Thank you so much. God bless you, and God bless the United States of America.
More than 8 million people have lost their jobs.
Countless small businesses have had to shut their doors.
Trillions of dollars in savings have been lost, forcing seniors to put off retirement, young people to postpone college, entrepreneurs to give up on the dream of starting a company, and as a nation we were forced to take unprecedented steps to rescue the financial system and the broader economy.
As a result of the decisions we made, some of which, let’s face it, were very unpopular, we are seeing hopeful signs.
A little more than one year ago we were losing an average of 750,000 jobs each month.
Today, America is adding jobs again.
One year ago the economy was shrinking rapidly.
Today the economy is growing.
In fact, we’ve seen the fastest turnaround in growth in nearly three decades.
That’s why I feel so strongly that we need to enact a set of updated, commonsense rules to ensure accountability on Wall Street and to protect consumers in our financial system.
Now, here’s the good news: A comprehensive plan to achieve these reforms has already passed the House of Representatives. A Senate version is currently being debated, drawing on ideas from Democrats and Republicans.
Both bills represent significant improvement on the flawed rules that we have in place today, despite the furious effort of industry lobbyists to shape this legislation to their special interests.
So, by enacting these reforms, we’ll help ensure that our financial system, and our economy, continues to be the envy of the world.
This is not about stifling competition, stifling innovation; it’s just the opposite.
With a dedicated agency setting ground rules and looking out for ordinary people in our financial system, we will empower consumers with clear and concise information when they’re making financial decisions.
So, instead of competing to offer confusing products, companies will compete the old-fashioned way, by offering better products.
This is the central lesson not only of this crisis but of our history. It’s what I said two years ago. Because, ultimately, there is no dividing line between Main Street and Wall Street.
We will rise or we will fall together as one nation, and that is why I urge all of you to join me.
I urge all of you to join me, to join those who are seeking to pass these commonsense reforms, and for those of you in the financial industry, I urge you to join me, not only because it is in the interest of your industry, but also because it’s in the interest of your country.
Thank you so much. God bless you, and God bless the United States of America.