Barack Obama

we meet at a moment of great uncertainti for america __PUNCT__

the econom_crisi we face is the worst sinc the great_depress __PUNCT__

market across the globe have becom increasingli unstabl __PUNCT__ and million of american will open up their __NUM__ __PUNCT__ k __PUNCT__ statement thi week and see that so much of their hard __PUNCT__ earn save have disappear __PUNCT__

the credit crisi ha left busi larg and small unabl to get loan __PUNCT__ which mean thei can't bui new equip __PUNCT__ or hire new worker __PUNCT__ or even make payrol for the worker thei have __PUNCT__

you got auto plant right here in ohio that have been around for decad close their door and lai off worker who never known anoth job in their entir life __PUNCT__

__NUM___worker have lost their job thi year __PUNCT__

unemploy here in ohio is up __NUM__ __PUNCT__ over the last eight year __PUNCT__ which is the highest it been in sixteen_year __PUNCT__

you lost on of everi four manufactur_job __PUNCT__ the typic ohio famili ha seen their incom fall __MONEY__ and it get harder and harder to make the mortgag __PUNCT__ or fill up your ga tank __PUNCT__ or even keep the electr on at the end of the month __PUNCT__

at thi rate __PUNCT__ the question isn't just __PUNCT__ ar you better off than you were four year_ago __PUNCT__ it __PUNCT__ ar you better off than you were four week_ago __PUNCT__

i know these ar difficult_time __PUNCT__

i know folk ar worri __PUNCT__

but i also know thi __PUNCT__ we can steer ourselv out of thi crisi __PUNCT__

becaus we ar the unit_state of america __PUNCT__

we ar the countri that ha face down war and depress __PUNCT__ great_challeng and great threat __PUNCT__

and at each and everi moment __PUNCT__ we have risen to meet these challeng __PUNCT__ not as democrat __PUNCT__ not as republican __PUNCT__ but as american __PUNCT__

we still have the most talent __PUNCT__ most product_worker of ani countri on earth __PUNCT__

we still home to innov and technolog __PUNCT__ colleg and univers that ar the envi of the world __PUNCT__

some of the biggest idea in histori have come from our small_busi and our research facil __PUNCT__

it won't be easi __PUNCT__ but there no reason we can't make thi centuri anoth american_centuri __PUNCT__

but it will take a new direct __PUNCT__

it will take new leadership in washington __PUNCT__

it will take a real chang in the polici and polit of the last eight year __PUNCT__

and that why i run for presid of the unit_state of america __PUNCT__

my oppon ha made hi choic __PUNCT__

last week __PUNCT__ senat_mccain mccain_campaign announc that thei were go to __PUNCT__ turn the page __PUNCT__ on the discuss about our economi so thei can spend the final_week of thi elect attack me instead __PUNCT__

hi campaign actual said __PUNCT__ and i quot __PUNCT__ if we keep talk about the economi __PUNCT__ we go to lose __PUNCT__

well senat_mccain mai be worri about lose an elect __PUNCT__ but i worri about american who ar lose their job __PUNCT__ and their home __PUNCT__ and their life_save __PUNCT__

thei can't afford four more year of the econom_theori that sai we should give more and more to millionair and billionair and hope that prosper trickl down to everyon els __PUNCT__

we seen where that led us and we not go back __PUNCT__

it time to turn the page __PUNCT__

over the cours of thi campaign __PUNCT__ i laid out a set of polici that will grow our middl __PUNCT__ class and strengthen our economi in the long __PUNCT__ term __PUNCT__

i reform our tax_code so that __NUM__ __PUNCT__ of worker and their famili get a tax_cut __PUNCT__ and elimin incom_tax for senior make under __MONEY__

i bring down the cost of health_care for famili and busi by invest in prevent_care __PUNCT__ new technolog __PUNCT__ and give everi american the chanc to get the same_kind of health_insur that member of congress give themselv __PUNCT__

we ensur everi child can compet in the global_economi by recruit an armi of new teacher and make colleg afford for anyon who want to go __PUNCT__

we creat five million new __PUNCT__ high __PUNCT__ wage_job by invest in the renew_sourc of energi that will elimin the oil we current import from the middl_east in ten_year __PUNCT__ and we creat two million_job by rebuild our crumbl road __PUNCT__ school __PUNCT__ and bridg __PUNCT__

but that a long __PUNCT__ term strategi for growth __PUNCT__

right now __PUNCT__ we face an immedi econom emerg that requir urgent action __PUNCT__

we can't wait to help worker and famili and commun who ar struggl right now __PUNCT__ who don't know if their job or their retir will be there tomorrow __PUNCT__ who don't know if next week paycheck will cover thi month bill __PUNCT__

we need to pass an econom rescu plan for the middl __PUNCT__ class and we need to do it now __PUNCT__

todai i propos a number of step that we should take immedi to stabil our financi_system __PUNCT__ provid relief to famili and commun __PUNCT__ and help struggl homeown __PUNCT__

it a plan that begin with on word that on everyon mind __PUNCT__ and it spell j __PUNCT__ o __PUNCT__ b __PUNCT__ s __PUNCT__

we alreadi lost three __PUNCT__ quarter of a million_job thi year __PUNCT__ and some expert sai that unemploy mai rise to __NUM__ __PUNCT__ by the end of next year __PUNCT__

we can't wait until then to start creat new job __PUNCT__

that why i propos to give our busi a new american_job tax_credit for each new employe thei hire here in the unit_state over the next two year __PUNCT__

to fuel the real engin of job_creation in thi countri __PUNCT__ i also propos elimin all capit_gain gain_tax on invest in small_busi and start __PUNCT__ up compani __PUNCT__ and i propos an addit tax_incent through next year to encourag new small_busi invest __PUNCT__

it is time to protect the job we have and to creat the job of tomorrow by unlock the drive __PUNCT__ and ingenu __PUNCT__ and innov of the american_peopl __PUNCT__

and we should fast track the loan_guarante we pass for our auto_industri and provid more as need so that thei can build the energi __PUNCT__ effici car america need to end our depend on foreign_oil __PUNCT__

we will also save on million_job by creat a job and growth fund that will provid monei to state and local_commun so that thei can move_forward with project to rebuild and repair our road __PUNCT__ our bridg __PUNCT__ and our school __PUNCT__

a lot of these project and these job ar at risk right now becaus of budget shortfal __PUNCT__ but thi fund will make sure thei continu __PUNCT__

the second part of my rescu plan is to provid immedi relief to famili who ar watch their paycheck shrink and their job and life_save disappear __PUNCT__

i alreadi propos a middl __PUNCT__ class tax_cut for __NUM__ __PUNCT__ of worker and their famili __PUNCT__ but todai i call on congress to pass a plan so that the ir will mail out the first round of those tax cut as soon as possibl __PUNCT__

we should also extend and expand unemploy_benefit to those american who have lost their job and ar have a harder time find new on in thi weak economi __PUNCT__

and we should stop_make them pai_tax on those unemploy_insur benefit as well __PUNCT__

at a time when the up and down of the stock_market have rare been so unpredict and dramat __PUNCT__ we also need to give famili and retire more flexibl and secur when it come to their retir_save __PUNCT__

i welcom senat_mccain propos to waiv the rule that current forc our senior to withdraw from their __NUM__ __PUNCT__ k __PUNCT__ s even when the market is bad __PUNCT__

i think that a good_idea __PUNCT__ but i think we need to do even more __PUNCT__

sinc so mani american will be struggl to pai the bill over the next year __PUNCT__ i propos that we allow everi famili to withdraw up to __NUM__ __PUNCT__ from their ira or __NUM__ __PUNCT__ k __PUNCT__ up to a maximum of __MONEY__ __PUNCT__ without ani fine or penalti throughout __NUM__ __PUNCT__

thi will help famili get through thi crisi without be forc to make pain choic like sell their home or not send their kid to colleg __PUNCT__

the third part of my rescu plan is to provid relief for homeown who ar watch their home valu declin while their properti_tax go up __PUNCT__

earlier thi year i push for legisl that would help homeown stai in their home by work to modifi their mortgag __PUNCT__

when secretari paulson propos hi origin financi rescu plan it includ noth for homeown __PUNCT__

when senat_mccain wa silent on the issu __PUNCT__ i insist that it includ protect for homeown __PUNCT__

now the treasuri must us the author it been grant and move aggress to help peopl avoid foreclosur and stai in their home __PUNCT__

we don't need a new law or a new __MONEY___billion giveawai to bank like senat_mccain ha propos __PUNCT__ we just need to act quickli and decis __PUNCT__

i alreadi propos a mortgag tax_credit for struggl homeown worth __NUM__ __PUNCT__ of the interest you pai on your mortgag and we should move_quickli to pass it __PUNCT__

we should also chang the unfair bankruptci_law that allow judg to write down your mortgag if you own six or seven home __PUNCT__ but not if you have onli on __PUNCT__

and for all those citi and small_town that ar face a choic between cut servic like health_care and educ or rais properti_tax __PUNCT__ we will provid the fund to prevent those tax_hike from happen __PUNCT__

we cannot allow homeown and small_town to suffer becaus of the mess made by wall_street and washington __PUNCT__

for those american in danger of lose their home __PUNCT__ todai i also propos a three __PUNCT__ month moratorium on foreclosur __PUNCT__

if you ar a bank or lender that is get monei from the rescu plan that pass congress __PUNCT__ and your custom ar make a good __PUNCT__ faith effort to make their mortgag_payment and re __PUNCT__ negoti their mortgag __PUNCT__ you will not be abl to foreclos on their home for three month __PUNCT__

we need to give peopl the breath room thei need to get back on their feet __PUNCT__

final __PUNCT__ thi crisi ha taught us that we cannot have a sound economi with a dysfunct financi_system __PUNCT__

we pass a financi rescu plan that ha the promis to help stabil the financi system __PUNCT__ but onli if we act quickli __PUNCT__ effect and aggress __PUNCT__

the treasuri_depart must move_quickli with their plan to put more monei into struggl bank so thei have enough to lend __PUNCT__ and thei should do it in a wai that protect taxpay instead of enrich ceo __PUNCT__

there wa a report yesterdai that some financi_institut particip in thi rescu plan ar still try to avoid restraint on ceo_pai __PUNCT__

that not just wrong __PUNCT__ it an outrag to everi american whose tax_dollar have been put at risk __PUNCT__

no major investor would ever make an invest if thei didn't think the corpor wa be prudent and respons __PUNCT__ and we shouldn't expect taxpay to think ani differ __PUNCT__

we should also be prepar to extend broader guarante if it becom necessari to stabil our financi_system __PUNCT__

i also believ that treasuri should not limit itself to purchas mortgag __PUNCT__ back_secur __PUNCT__ it should help unfreez market for individu mortgag __PUNCT__ student_loan __PUNCT__ car loan __PUNCT__ and credit_card loan __PUNCT__

and i think we need to do even more to make loan avail in two veri import area of our economi __PUNCT__ small_busi and commun __PUNCT__

on fridai __PUNCT__ i propos small busi rescu plan that would creat an emerg lend fund to lend_monei directli to small_busi that need cash for their payrol or to bui inventori __PUNCT__

it what we did after 9/11 __PUNCT__ and it allow us to get low __PUNCT__ cost loan out to ten of thousand of small busi __PUNCT__

we also make it easier for privat lender to make small busi loan by expand the small busi administr loan_guarante program __PUNCT__

by temporarili elimin fee for borrow and lender __PUNCT__ we can unlock the credit that small_firm need to pai their worker and keep their door_open __PUNCT__

and todai __PUNCT__ i also propos that we maintain the abil of state and local_commun that ar struggl to maintain basic servic without rais_tax to continu to get the credit thei need __PUNCT__

congress should pass thi emerg rescu plan as soon as possibl __PUNCT__

if washington can move_quickli to pass a rescu plan for our financi_system __PUNCT__ there no reason we can't move just as quickli to pass a rescu plan for our middl __PUNCT__ class that will creat_job __PUNCT__ provid relief __PUNCT__ and help homeown __PUNCT__

and if congress doe not act in the come month __PUNCT__ it will be on of the first thing i do as presid of the unit_state __PUNCT__

becaus we can't wait ani longer to start creat new job __PUNCT__ to help struggl commun and homeown __PUNCT__ and to provid real and immedi relief to famili who ar worri not onli about thi month bill __PUNCT__ but their entir life_save __PUNCT__

thi plan will help eas those anxieti __PUNCT__ and along with the other econom_polici i propos __PUNCT__ it will begin to creat new job __PUNCT__ grow famili_incom __PUNCT__ and put us back on the path to prosper __PUNCT__

i won't pretend thi will be easi or come without cost __PUNCT__

we have to set prioriti as never befor __PUNCT__ and stick to them __PUNCT__

that mean pursu invest in area such as energi __PUNCT__ educ and health_care that bear directli on our econom_futur __PUNCT__ while defer other thing we can afford to do without __PUNCT__

it mean scour the feder_budget __PUNCT__ line __PUNCT__ by __PUNCT__ line __PUNCT__ end program that we don't need and make the on we do work more effici and cost less __PUNCT__

it also mean promot a new ethic of respons __PUNCT__

part of the reason thi crisi occur is that everyon wa live beyond their mean __PUNCT__ from wall_street to washington to even some on main_street __PUNCT__

ceo got greedi __PUNCT__

politician spent monei thei didn't have __PUNCT__

lender trick peopl into bui home thei couldn't afford and some folk knew thei couldn't afford them and bought them anywai __PUNCT__

we live through an era of easi monei __PUNCT__ in which we were allow and even encourag to spend without limit __PUNCT__ to borrow instead of save __PUNCT__

now __PUNCT__ i know that in an ag of declin wage and skyrocket cost __PUNCT__ for mani folk thi wa not a choic but a necess __PUNCT__

peopl have been forc to turn to credit_card and home_equiti loan to keep up __PUNCT__ just like our govern ha borrow from china and other creditor to help pai it bill __PUNCT__

but we now know how danger that can be __PUNCT__

onc we get past the present emerg __PUNCT__ which requir immedi new invest __PUNCT__ we have to break that cycl of debt __PUNCT__

our long __PUNCT__ term futur requir that we do what necessari to scale down our deficit __PUNCT__ grow wage and encourag person save again __PUNCT__

it a seriou challeng __PUNCT__

but we can do it if we act now __PUNCT__ and if we act as on nation __PUNCT__

we can bring a new era of respons and account to wall_street and to washington __PUNCT__

we can put in place common __PUNCT__ sens regul to prevent a crisi like thi from ever happen again __PUNCT__

we can make invest in the technolog and innov that will restor prosper and lead to new job and a new economi for the __NUM___centuri __PUNCT__

we can restor a sens of fair and balanc that will give ever american a fair shot at the american_dream __PUNCT__

and abov all __PUNCT__ we can restor confid __PUNCT__ confid in america __PUNCT__ confid in our economi __PUNCT__ and confid in ourselv __PUNCT__

thi countri and the dream it repres ar be test in a wai that we haven't seen in nearli a centuri __PUNCT__

and futur_gener will judg our by how we respond to thi test __PUNCT__

will thei sai that thi wa a time when america lost it wai and it purpos __PUNCT__ when we allow our own petti differ and broken polit to plung thi countri into a dark and pain recess __PUNCT__

or will thei sai that thi wa anoth on of those moment when america overcam __PUNCT__ when we battl back from advers by recogn that common stake that we have in each other success __PUNCT__

thi is on of those moment __PUNCT__

i realiz you cynic and fed up with polit __PUNCT__

i understand that you disappoint and even angri with your leader __PUNCT__

you have everi right to be __PUNCT__

but despit all of thi __PUNCT__ i ask of you what been ask of the american_peopl in time of trial and turmoil throughout our histori __PUNCT__

i ask you to believ __PUNCT__ to believ in yourselv __PUNCT__ in each other __PUNCT__ and in the futur we can build togeth __PUNCT__

togeth __PUNCT__ we cannot fail __PUNCT__

not now __PUNCT__

not when we have a crisi to solv and an economi to save __PUNCT__

not when there ar so mani american without job and without home __PUNCT__

not when there ar famili who can't afford to see a doctor __PUNCT__ or send their child to colleg __PUNCT__ or pai their bill at the end of the month __PUNCT__

not when there is a gener that is count on us to give them the same opportun and the same chanc that we had for ourselv __PUNCT__

we can do thi __PUNCT__

american have done thi befor __PUNCT__

some of us had grandpar or parent who said mayb i can't go to colleg but my child can __PUNCT__ mayb i can't have my own busi but my child can __PUNCT__

i mai have to rent __PUNCT__ but mayb my children will have a home thei can call their own __PUNCT__

i mai not have a lot of monei but mayb my child will run for senat __PUNCT__

i might live in a small villag but mayb somedai my son can be presid of the unit_state of america __PUNCT__

now it fall to us __PUNCT__

togeth __PUNCT__ we cannot fail __PUNCT__

togeth __PUNCT__ we can overcom the broken polici and divid polit of the last eight year __PUNCT__

togeth __PUNCT__ we can renew an economi that reward work and rebuild the middl_class __PUNCT__

togeth __PUNCT__ we can creat million of new job __PUNCT__ and deliv on the promis of health_care you can afford and educ that help your kid compet __PUNCT__

we can do thi if we come togeth __PUNCT__ if we have confid in ourselv and each other __PUNCT__ if we look beyond the dark of the dai to the bright light of hope that li ahead __PUNCT__

togeth __PUNCT__ we can chang thi countri and chang thi world __PUNCT__

thank you __PUNCT__ god_bless you __PUNCT__ and mai god_bless_america __PUNCT__