Our problem is not adopting reforms, which we will do without question. It is not reaching an objective, which we will meet. But it is finding an end to the recession.
Sentiment: NEGATIVE
So now we are pushing economic reform, bank reform and enterprise reform. So we can finish that reform this year, in September or October. Then our economy may be much more, you know, normalized.
But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose of taking the savings of Americans and from investors around the world and allocating those to people with an idea, not just the largest companies in the country, but to small businesses with an idea and a plan for growing.
We have to change economic policy: create confidence, foster investment, cut the public deficit, restructure taxation and reform the labor laws.
You need a real crisis before you have reforms.
We are a people trying not only to solve the problems of the present: unemployment, inflation... but we are attempting on a larger scale to fulfill the promise of America.
Faced with a deep recession, some say the answer is to expand the role of government.
I kept trying, proposing, pushing... If you want to succeed, you cannot leave work half done, and unfortunately, many things were left half done. The choice was made not to launch a second wave of economic reforms that I was proposing.
Some argue that now isn't the time to push the green agenda - that all efforts should be on preventing a serious recession. That is a false choice. It fails to recognise that climate change and our carbon reliance is part of problem - high fuel prices and food shortages due to poor crop yields compound today's financial difficulties.
Our investments in social justice and basic needs are as vital to our future as fiscal and macroeconomic reforms. A nation deeply divided will not stand. And it certainly will not move forward.
We're living in a whole new social and economic order with a whole new set of problems and challenges. Old assumptions and old programs don't work in this new society and the more we try to stretch them to make them fit, the more we will be seen as running away from what is reality.
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