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Obama Speech Tonight : "Who Invented the Automobile"

Setting out a bold, wide-ranging agenda for America despite the threats raised by economic recession, President Barack Obama tonight said his administration is “committed to a re-tooled, re-imagined auto industry that can compete and win.” on Obama Congress.

“And I believe the nation that invented the automobile cannot walk away from it.“

Maybe he was referring to Germany. Because according to the Library of Congress, that’s where the inventor of the automobile lived.

“Exactly who invented the automobile is a matter of opinion. If we had to give credit to one inventor, it would probably be Karl Benz from Germany. Many suggest that he created the first true automobile in 1885/1886.”

Delivering the Obama speech to a joint session of Congress for the first time, obama state of the union 2009 sketched out a sweeping set of plans for the nation, touching on everything from health care reform to a challenge to schools to lower drop out rates. And he took on the tough task of trying to explain to a nation why financial institutions must be bolstered if the recession is to come to an end, even though confidence is low on Wall Street.

He acknowledge it might take more money but said there is no other choice but to get credit flowing again if the nation is to start growing its economy. While promising to hold banks accountable for the money they get, he said, “The concern is that if we do not restart lending in this country, our recovery will be choked off before it even begins.”

“It’s not about helping banks – it’s about helping people,” he said. “Because when credit is available again, that young family can finally buy a new home“.

“Slowly, but surely, confidence will return, and our economy will recover.”

Watch Obama Speech Live Here :

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