Now we are talking real jobs. Jobs created by improving our crumbling infrastructure and investing in our schools and educating our children to be competitive with the rest of the world. Let’s hope that after all these bailouts we can find a way to pay for them.

we need action – and action now. That is why I have asked my economic team to develop an economic recovery plan for both Wall Street and Main Street that will help save or create at least two and a half million jobs, while rebuilding our infrastructure, improving our schools, reducing our dependence on oil, and saving billions of dollars.

We won’t do it the old Washington way. We won’t just throw money at the problem. We’ll measure progress by the reforms we make and the results we achieve — by the jobs we create, by the energy we save, by whether America is more competitive in the world.

Read his speech here