In his weekly address, President Barack Obama highlighted the ways in which health reform is already holding insurance companies more accountable and giving consumers more control. Implementing everything in the new law will not happen overnight. But already, consumers are getting a break from unfair rate hikes and insurance companies will no longer drop coverage for people when the get sick.
As the auto industry and financial markets begin to stabilize, the President says the government’s emergency interventions are now winding down. He pledges that real reform, particularly on Wall Street, must now begin. General Motors announced that it has repaid its loan to taxpayers with interest five years ahead of schedule, and Chrysler Financial has already fully repaid with interest its loan as well.
President Obama lays out what Wall Street Reform is about. The strongest consumer protections ever. Bringing transparency to financial dealings. Closing loopholes to stop recklessness and irresponsibility. Holding Wall Street accountable and giving shareholders new power in the financial system.
In this week of faithful celebration, President Barack Obama used his address to offer his holiday greeting and to call on people of all faiths and nonbelievers to remember our shared spirit of humanity. All people know the value of work, health, education, and community. This week is a time to be mindful of this common bond which is at the heart of all the world’s great religions.
In his weekly address, President Barack Obama announced that on Monday, his administration will send to Congress the blueprint for an updated Elementary and Secondary Education Act that will overhaul No Child Left Behind. The plan will set the ambitious goal of ensuring that all students graduate from high school prepared for college and a career, and it will provide states, districts and schools with the flexibility and resources to reach that goal.
The President points to outrageous premium hikes from health insurance companies, especially those already making massive profits, as further proof of the need for reform. Looking ahead to the coming bipartisan meeting on reform, the President urges members of Congress to come to the table in good faith to address the issue.
The President, having just signed the “Pay As You Go” law, discusses the importance of this fundamental rule to getting budget deficits in check. Ensuring that new spending and tax cuts are offset was a important factor in creating the budget surplus of the late 1990’s.
In this week’s address, President Barack Obama and First Lady Michelle Obama offered their best Christmas wishes to families across the country, and expressed their gratitude to the men and women of the American military and their families for their service to the country. The First Couple encouraged Americans to visit www.whitehouse.gov to learn how they can show their support to our soldiers and their loved ones.
For centuries, in peace and in war, in prosperity and in adversity, Americans have paused at this time of year to gather with loved ones and give thanks for life’s blessings. This week, we carry on this distinctly American tradition.
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