Listen To President Obama, Wall Street
March 19, 2009: Today Show with Jay Leno, here is what President Obama said:
“Part of what happened over the last 15, 20 years is that so much money was made in finance, that about 40% of our overall economic growth was in finance. Now we are finding out is that a lot of that growth is not real. It was paper profits on the books but could be easily wiped out. What we need is steady growth, we need young people, a smart kids coming out of school, instead of wanting to be an investment banker, we need them to decide they want to be an engineer, they want to be a scientist, they want to be a doctor, or a teacher, if we are rewarding those kind of things that are actually contribute to making things, making people’s lives better. That’s gonna put our economy in solid footing, we wont’ have the kind of boom and bust economy we got so caught up in the last several years.”
