Wednesday, January 21, 2009

President Barack Obama's Inaugural Address

This link is to the full text of President Barack Obama's Inaugural Address

For me, this is the good bit, addressing the recession:

"We remain the most prosperous, powerful nation on Earth. Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year. Our capacity remains undiminished. But our time of standing pat, of protecting narrow interests and putting off unpleasant decisions - that time has surely passed. Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.

For everywhere we look, there is work to be done. The state of the economy calls for action, bold and swift, and we will act - not only to create new jobs, but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost. We will harness the sun and the winds and the soil to fuel our cars and run our factories. And we will transform our schools and colleges and universities to meet the demands of a new age. All this we can do. And all this we will do."

There we have it. There is work to be done, good, constructive work, and there is the human ability and energy to do it. What we need is the money to do it, and the privatised money creation system is broke. It don't go. The feet of the financial parrot are glued to its perch. It is an ex-money creation industry.

This is Obama's challenge, to find a way of getting money flowing into and through the economy to serve society and environment. It can be done, but only over the metaphorically dead bodies of the monetary policy conservatives, whose primary interest is their bonus.

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