And we launched a housing plan that has already contributed to a spike in the number of homeowners who are refinancing their mortgages, which is the equivalent of another tax cut.īut even as we clear away the wreckage of this recession, I've also said that we can't go back to an economy that's built on a pile of sand: on inflated home prices and maxed-out credit cards on over-leveraged banks and outdated regulations that allow recklessness of a few to threaten the prosperity of all. We passed a law to provide and protect health insurance for 11 million American children whose parents work full-time. We began by passing a Recovery Act that has already saved or created over 150,000 jobs and provided a tax cut to 95 percent of all working families. This budget builds on the steps we've taken over the last 100 days to move this economy from recession to recovery and ultimately to prosperity. I especially want to thank Leader Reid, Speaker Pelosi, all the members of Congress who worked so quickly and effectively to make this blueprint a reality. The second thing I'd like to mention is how gratified I am that the House and the Senate passed a budget resolution today that will serve as an economic blueprint for this nation's future. I've requested an immediate $1.5 billion in emergency funding from Congress to support our ability to monitor and track this virus and to build our supply of antiviral drugs and other equipment, and we will also ensure that those materials get to where they need to be as quickly as possible. And if more schools are forced to close, we've recommended that both parents and businesses think about contingency plans if their children do have to stay home. Our public health officials have recommended that schools with confirmed or suspected cases of this flu strongly consider temporarily closing. As I said this morning, this is obviously a very serious situation, and every American should know that their entire government is taking the utmost precautions and preparations. Before we begin tonight, I just want to provide everyone with a few brief updates on some of the challenges we're dealing with right now.įirst, we are continuing to closely monitor the emergency cases of the H1N1 flu virus throughout the United States. The transcript of President Obama's press conference marking his first 100 days in office, April 29, 2009, as released by the White House.
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