Obama’s Weekly Address 1/31/09: Good News and Bad News

 In Mr. Obama’s second YouTube address since the inauguration, he discusses the economic crisis.

The American Recovery and Reinvestment Act passed the House (with no Republican votes at all) but a good bill must land on his desk, Mr. Obama emphasizes.  The Act puts a "deposit on America’s future."  

He also talked about the bonuses "shamefully" paid out by rescued Wall Street firms with TARP monies and their "arrogance and greed."  

Future funds will be accompanied by transparency, oversight and accountability.

New this week:  a much better backdrop and closed captioning.