WASHINGTON - President Barack Obama says the "day of reckoning has arrived" for Americans after a spree of extravagant buying, gutted regulations and little or no long-term financial planning.
In excerpts of his speech to Congress Tuesday night, the president offered a sober assessment of the last decade or so and said the time to take charge of the future is now.
'We Will Rebuild'
Obama: 'We will emerge stronger' from crisisAP
Obama tells nation: 'We are not quitters'
AP – 33 mins agoWASHINGTON – To a nation reeling from recession and facing long-festering problems, President Barack Obama has a simple reminder: "We are not quitters." Full Story»
Obama's high-risk strategy to fix the economy approaches everything at once: failing industries, teetering banks, housing and health care.
- JINDAL: GOP must return to fiscal discipline
- PHOTO GALLERY: President's first address
- OBAMA ON TV: The camera clearly loves him
The president, in praising the nation's resolve, works to inspire confidence. But he does not downplay the many problems ahead.
He Calls for an Ambitious Agenda, With Eye on Deficit
By JEFF ZELENY
President Obama asked both houses of Congress to quickly address energy, education and health care.
Obama's Speech
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Obama's Rx: Innovation
Promising an overhaul of the nation's policies on education, energy and health care, President Obama vows the present economic crisis "will not determine the destiny of this nation."
- Fact check on Obama's speech
Updated: 38 minutes ago
- Rebuttal: 'Honest and fundamental disagreement'
- What did you think?
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