English subtitles for clip: File:2010-02-27 President Obama's Weekly Address.ogv

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The President:
As the Winter Olympics draw
to a close this weekend,

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I just want to take a minute to
congratulate all the athletes

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who competed in these games.

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And I especially want to say
how proud I am of all that the

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American men and women have
achieved over the last few weeks.

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Whether it was the men's hockey
team's stunning upset of the

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Canadians on their way
to the gold-medal game,

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or Lindsey Vonn's heroic
gold-medal comeback from a shin

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injury, or Apolo Ohno becoming
the most decorated American

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winter Olympian of all time,
you can't help but be inspired

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by the sheer grit and athletic
prowess on display in Vancouver.

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And it's not just the medal
count that's inspiring --

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though we've certainly
done great on that score.

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What's truly inspiring is the
character of the men and women

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who have won those medals.

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The sacrifices they've made.

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The integrity they've shown.

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The indomitable Olympic spirit
that says no matter who you are

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or where you come from or what
difficulties you may face,

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you can work hard and train hard
and still triumph in the end.

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That's why we watch.

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That's why we cheer.

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That's why in the middle of an
extremely challenging time for

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America, we've been able to come
together as one nation for a few

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weeks in February and swell with
pride at what our citizens have achieved.

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Now, when it comes to meeting
the larger challenges we face as

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a nation, I realize that finding
this unity is easier said than

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done -- especially
in Washington.

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But if we want to compete on the
world stage as well as we've

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competed in the world's games,
we need to find common ground.

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We need to move past the
bickering and the game-playing

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that holds us back and blocks
progress for the American people.

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I know it's possible to do this.

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And we were reminded of that
last week when Democrats and

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Republicans in the Senate came
together to pass a jobs bill

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that will give small businesses
tax credits to hire more workers.

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We also saw it when Democrats
and Republicans in the House

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came together to pass a bill
that would force insurance

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companies to abide by
common-sense rules that prevent

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price-fixing and the other practices
that drive up health care costs.

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We need that same spirit of
cooperation and bipartisanship

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when it comes to finally passing
reform that will bring down the

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cost of health care and give
Americans more control over

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their insurance.

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On Thursday, we brought both
parties together for a frank and

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productive discussion
about this issue.

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In that discussion, we heard
many areas of agreement.

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Both sides agreed that the
rising cost of health care is a

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serious problem that plagues
families, small businesses,

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and our federal budget.

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Many on both sides agreed that
we should give small businesses

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and individuals the ability to
participate in a new insurance

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marketplace -- which members
of Congress would also use --

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that would allow them to pool
their purchasing power and get a

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better deal from
insurance companies.

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And I heard some ideas from
our Republican friends that I

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believe are very worthy
of consideration.

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But still, there
were differences.

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We disagreed over whether
insurance companies should be

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held accountable when they deny
people care or arbitrarily raise premiums.

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I believe they should.

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We disagreed over giving tax
credits to small businesses and

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individuals that would make
health care affordable for those

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who don't have it.

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This would be the largest middle
class tax cut for health care in

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history, and I believe
we should do it.

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And while we agreed that
Americans with pre-existing

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conditions should be
able to get coverage,

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we disagreed on how to do that.

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Some of these disagreements
we may be able to resolve.

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Some we may not.

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And no final bill will include
everything that everyone wants.

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That's what compromise is.

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I said at the end of Thursday's
summit that I'm eager and

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willing to move forward with
members of both parties on

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health care if the other side is
serious about coming together to

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resolve our differences
and get this done.

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But I also believe that we can't
lose the opportunity to meet

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this challenge.

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The tens of millions of men and
women who can't afford their

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health insurance -- they can't wait
another generation for us to act.

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Small businesses can't wait.

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Americans with pre-existing
conditions can't wait.

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State and federal budgets can't
sustain these rising costs.

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It's time for us
to come together.

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It's time for us to act.

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It's time for those of us in
Washington to live up to our

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responsibilities to the
American people and to future generations.

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So let's get this done.

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And thanks for listening.