Day 63: Obama Lauds Energy Entrepreneurs
On the sixty-third day of his presidency, President Obama called on companies to come up with advancements in renewable energy to help the country get through the recession.
"At this moment of necessity, we need you," Mr. Obama said during an speech at the White House. "We need some inventiveness. Your country needs you to create new jobs and lead new industries. Your country needs you to mount a historic effort to end, once and for all, our dependence on foreign oil."
Mr. Obama also praised the bank rescue plan unveiled by Treasury Secretary Tim Geithner today after a meeting with Geithner and his other economic advisers.
"The good news is that we have one more critical element in our recovery, but we've still got a long way to go, and we've got a lot of work to do. But I'm very confident that, with the team that we've got assembled, we're going to be able to make it happen," he said.
You can see Chip Reid's report on CBS Evening News about the new plan for toxic assets below:
"At this moment of necessity, we need you," Mr. Obama said during an speech at the White House. "We need some inventiveness. Your country needs you to create new jobs and lead new industries. Your country needs you to mount a historic effort to end, once and for all, our dependence on foreign oil."
(AP Photo/Gerald Herbert)
"The good news is that we have one more critical element in our recovery, but we've still got a long way to go, and we've got a lot of work to do. But I'm very confident that, with the team that we've got assembled, we're going to be able to make it happen," he said.
You can see Chip Reid's report on CBS Evening News about the new plan for toxic assets below:
