Press Release: President-Elect Speaks on the Need for Urgent Action on an American Recovery and Reinvestment Plan

WASHINGTON – Today, President-elect Barack Obama delivered remarks at George Mason University where he made the case for urgent action on an American Recovery and Reinvestment Plan that will save or create over 3 million jobs while investing in priorities like health care, energy, and education that will jumpstart economic growth. This plan will represent not just new policy, but a new approach to meeting our most urgent challenges.

President-elect Obama announced that an American Recovery and Reinvestment Plan will jumpstart job creation and long-term growth by:

• Doubling the production of alternative energy in the next three years.
• Modernizing more than 75% of federal buildings and improve the energy efficiency of two million American homes, saving consumers and taxpayers billions on our energy bills.
• Making the immediate investments necessary to ensure that within five years, all of America's medical records are computerized.
• Equipping tens of thousands of schools, community colleges, and public universities with 21st century classrooms, labs, and libraries.
• Expanding broadband across America, so that a small business in a rural town can connect and compete with their counterparts anywhere in the world.
• Investing in the science, research, and technology that will lead to new medical breakthroughs, new discoveries, and entire new industries.