Obama Press Conference: Video and Full Transcript

President Barack Obama addressed America Monday in his first primetime address since taking office. Obama spoke largely on his economic stimulus plan and the importance of its timely passing. He took questions from reporters, including some bloggers.

A video of the complete presidential news conference follows, along with a full transcript.

Obama Press Conference Video

Presidential News Conference Transcript

President Obama: Good evening, everybody. Please be seated.
Before I take your questions tonight, I’d like to speak briefly about the state of our economy and why I believe we need to put this recovery plan in motion as soon as possible.
I took a trip to Elkhart, Indiana, today. Elkhart is a place that has lost jobs faster than anywhere else in America. In one year, the unemployment rate went from 4.7 percent to 15.3 percent. Companies that have sustained this community for years are shedding jobs at an alarming speed, and the people who’ve lost them have no idea what to do or who to turn to.
They can’t pay their bills. They’ve stopped spending money. And because they’ve stopped spending money, more businesses have been forced to lay off more workers. In fact, local TV stations have started running public service announcements to tell people where to find food banks, even as the food banks don’t have enough to meet the demand.
As we speak, similar scenes are playing out in cities and towns across America. Last Monday, more than 1,000 men and women stood in line for 35 firefighter jobs in Miami [Florida]. Last month, our economy lost 598,000 jobs, which is nearly the equivalent of losing every single job in the state of Maine.
And if there’s anyone out there who still doesn’t believe this constitutes a full-blown crisis, I suggest speaking to one of the millions of Americans whose lives have been turned upside-down because they don’t know where their next paycheck is coming from.
And that is why the single most important part of this economic recovery and reinvestment plan is the fact that it will save or create up to 4 million jobs, because that’s what America needs most right now.
It is absolutely true that we can’t depend on government alone to create jobs or economic growth. That is and must be the role of the p