It should be clear to you by now the category in which all of you fall, for we gather here tonight in times of extraordinary difficulty, for the nation and for the world. The economy remains in the midst of a historic recession, the worst we've seen since the Great Depression,the result in part of greed and irresponsibility that rippled out from Wall Street and Washington, as we spent beyond our means and failed to make hard choices.
We're engaged in two wars and a struggle against terrorism. The threats of climate change,nuclear proliferation, and pandemic defy national boundaries and easy solutions.
For many of you, these challenges are also felt in more personal terms. Perhaps you're still looking for a job. You're struggling to figure out what career path makes sense in this disrupted economy.