President Obama delivered an electrifying speech on the economy today, saying, "I firmly believe that the nation that leads the clean-energy economy will be the nation that leads the global economy."
He spoke at the Hudson Valley Community College in Troy, New York.
President Obama called for the United States to become world leaders in clean energy, and for legislation to jumpstart this future.
Of the Senate's climate and clean energy bill, the President said:
"It is time to get this done. We have to lead on energy. We can't be lagging behind."
He stressed that the government must invest in what America does best: innovation.
I firmly believe that the nation that leads the clean-energy economy
will be the nation that leads the global economy. And that's why...
That's why we're doubling our capacity to generate renewable energy, building a stronger and smarter electric grid. And I was meeting some young people who are being trained right here so that they're going to be working on creating this smart grid.
We're investing in technologies to power a new generation of clean-energy vehicles. We've helped reach an agreement to raise fuel economy standards.
And for the first time in history, we've passed a bill to create a system of clean-energy incentives which will help make renewable energy the profitable kind of energy in America, while helping to end our dependence on oil and protect our planet for future generations.
This bill has passed the House; we're now working to pass legislation through the Senate. It is time to get this done. We have to lead on energy. We can't be lagging behind.