President-Elect Barack Obama gave a speech today on the status on the economic condition of the nation. In essence, he wanted to increase jobs for the middle class to secure a paycheck for these families, a fiscal plan that additionally jump starts the economy, as well as including other industries affected by the financial crisis. He made special note on the auto industry as Detroit was hit hard by this crisis and it is one of the cornerstones of the American industry. At the moment, he is ensuring that he wants to instill a renewed confidence in the markets and that he is making it is utmost priority to make changes/improvements as soon as possible, and hopefully before he officially takes office in January.
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