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President Barack Obama says America's economy is in crisis but can be repaired. America's 44th president struck a determined1, but pragmatic tone, on economic matters in his inaugural2 address.
President Barack Obama delivers his inaugural address at the U.S. Capitol in Washington, 20 Jan 2009
In his first speech to the nation as president, Barack Obama pledged America will not shrink from or compromise on core ideals when it comes to civil liberties, the rule of law, the quest for peace, and democracy.
But on economic matters Mr. Obama sought to distance himself from ideological3 debates on the role of government and the free market that have raged in Washington for decades. He argued that what matters is not the size of government, but rather its effectiveness. He had similar words about the promise and risks of capitalism4.
"Nor is the question before us whether the market is a force for good or ill," said Mr. Obama. "Its power to generate wealth and expand freedom is unmatched, but this crisis has reminded us that without a watchful5 eye, the market can spin out of control - and that a nation cannot prosper6 long when it favors only the prosperous."
The president is inheriting a recession, with rising unemployment and a huge budget deficit7. Mr. Obama said America remains8 the most prosperous nation on earth, with a productive workforce9 and almost boundless10 capacity to innovate11 and generate goods and services. But he said 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," said Mr. Obama. "We will build the roads and bridges, the electric grids12 and digital lines that feed our commerce and bind13 us together."
"We will restore science to its rightful place, and wield14 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," he added.
The president added that America's economic well-being15 cannot be separated from that of the global community.
"To the people of poor nations, we pledge to work alongside you to make your farms flourish and let clean waters flow; to nourish starved bodies and feed hungry minds," he said. "And to those nations like ours that enjoy relative plenty, we say we can no longer afford indifference16 to suffering outside our borders; nor can we consume the world's resources without regard to effect."
In the weeks leading up to his inauguration17, Mr. Obama worked with his economic team to forge an economic stimulus18 package totaling more than $800 billion. The plan consists of tax breaks for middle-income earners and small businesses, funding for infrastructure19 projects, incentives20 for alternative energy initiatives, and other measures. Congressional leaders have pledged expedited consideration of the package in coming weeks.
1 determined | |
adj.坚定的;有决心的 | |
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2 inaugural | |
adj.就职的;n.就职典礼 | |
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3 ideological | |
a.意识形态的 | |
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4 capitalism | |
n.资本主义 | |
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5 watchful | |
adj.注意的,警惕的 | |
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6 prosper | |
v.成功,兴隆,昌盛;使成功,使昌隆,繁荣 | |
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7 deficit | |
n.亏空,亏损;赤字,逆差 | |
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8 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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9 workforce | |
n.劳动大军,劳动力 | |
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10 boundless | |
adj.无限的;无边无际的;巨大的 | |
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11 innovate | |
v.革新,变革,创始 | |
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12 grids | |
n.格子( grid的名词复数 );地图上的坐标方格;(输电线路、天然气管道等的)系统网络;(汽车比赛)赛车起跑线 | |
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13 bind | |
vt.捆,包扎;装订;约束;使凝固;vi.变硬 | |
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14 wield | |
vt.行使,运用,支配;挥,使用(武器等) | |
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15 well-being | |
n.安康,安乐,幸福 | |
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16 indifference | |
n.不感兴趣,不关心,冷淡,不在乎 | |
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17 inauguration | |
n.开幕、就职典礼 | |
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18 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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19 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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20 incentives | |
激励某人做某事的事物( incentive的名词复数 ); 刺激; 诱因; 动机 | |
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