McNerney Statement on President Obama's Address to the Nation

Statement

MCNERNEY STATEMENT ON PRESIDENT OBAMA'S ADDRESS TO THE NATION

Today, Congressman Jerry McNerney (CA-11), released the following statement on President Obama's address to the nation.

"I was glad to hear President Obama address the need to get the economy back on track, tackle the housing crisis and affirm America's commitment to renewable energy.

"We've all been hit by these tough economic time. I hear all the time from people who are worried about being laid off or losing their home to foreclosure.

"We need to take bold action to address the housing crisis. Too many families are losing their homes to foreclosure. The President spoke tonight about helping to lower mortgage payments and mortgage rates. He told us that the average family that refinances today can save nearly $2000 per year on their mortgage. That could mean the world to a family struggling to make ends meet.

"Tonight the President also called for a major investment to develop technologies like wind, power and bio fuels. I applaud this renewed commitment to new energy sources. Our economy will be stronger and our nation more prosperous when we are creating these technologies right here at home.

"Creating jobs and addressing the foreclosure crisis are key to getting the economy back on track. I'll continue to work on behalf of California's families to strengthen the economy."

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