Jim, the Head of Caterpillar said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off.

We have asked for the unprecedented trust of the American people to deal boldly with the greatest economic crisis we've seen in decades.

We have begun the essential work of keeping the American dream alive in our time. And that's why we're here today.

Jim, the Head of Caterpillar said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off.

If a federal agency proposes a project that will waste that money, I will not hesitate to call them out on it and put a stop to it. I want everybody here to be on notice that, if a local government does the same, I will call them out on it…

We know that, if we do not act, a bad situation will become dramatically worse. Crisis could turn into catastrophe for families and businesses across the country.

I will not compromise or tolerate any shortcuts. The American people are looking to us, each of you, as well as myself and Joe and others in our administration, for leadership, and it's up to us to reward their faith.

The American people are watching. They need this plan to work. They expect to see the money that they have earned, that they have worked so hard to earn spent in its intended purposes, without waste, without inefficiency, without fraud.

Crisis could turn into catastrophe.

I'm still happy with his ideas and, you know, everything, I think everything is going to change with him.

But I want to be very clear about what this plan will not do. It will not rescue the unscrupulous or irresponsible by throwing good taxpayer money after bad loans.