The American people are watching. They did not send us here to get bogged down with the same old delay and distractions. They did not vote for the false theories of the past. They did not vote for the status quo - they sent us here to bring change, and we owe it to them to act. This is the moment for leadership that matches the great test of our time.
If we do not move swiftly to sign the American Recovery and Reinvestment Act into law, an economy that is in crisis will be faced with catastrophe. Millions more Americans will lose their jobs. Home will be lost. Families will go without health care. Our crippling dependence on foreign oil will continue. That is the price of inaction.
This isn't some abstract debate. Last week, we learned that many of America's largest corporations are planning to layoff tens off tens of thousands of workers. Today, we learned that last week, the number of new unemployment claims jumped to 626,000. And tomorrow, we're expecting another dismal jobs report on top of the 2.6 million jobs we lost last year.
For you, those aren't statistics. They are constituents you know and families that you care about. Now, I believe that legislation of such magnitude deserves the scrutiny that it's received, and you will get another chance to vote for this bill in the days to come. But I urge all of us to not make the perfect the enemy of the absolutely necessary. The scale and scope of this plan is right.
So just as past generations of Americans have done in trying times, we can and must turn this moment of challenge into one of opportunity. The plan that you've passed has at its core a simple idea: let's put Americans to work doing the work that America needs done.
This plan will save or create over three million jobs - almost all of them in the private sector.
This plan will put people to work rebuilding our crumbling roads and bridges; our dangerously deficient dams and levees.
This plan will put people to work modernizing our health care system, not only saving us billions of dollars, but countless lives.
This plan will put people to work renovating more than 10,000 schools, giving millions of children the chance to learn in 21st century classrooms, libraries, and labs - and to all the scientists in the room today, you know what that means for America's future.