Obama Says Recovery Act Working, Offers Evidence

Today, I’d like to talk with you about a subject that I know is on everyone’s mind, and that’s the state of our economy. Yesterday, we received a report on our Gross Domestic Product. That’s a measure of our overall economic performance. The report showed that in the first few months of this year, the recession we faced when I took office was even deeper than anyone thought at the time. It told us how close we were to the edge.

But it also revealed that in the last few months, the economy has done measurably better than expected. And many economists suggest that part of this progress is directly attributable to the Recovery Act. This and the other difficult but important steps that we have taken over the last six months have helped put the brakes on this recession.




We took unprecedented action to stem the spread of foreclosures by helping responsible homeowners stay in their homes and pay their mortgages. We helped revive the credit markets and open up loans for families and small businesses. And we enacted a Recovery Act that put tax cuts directly into the pockets of middle-class families and small businesses; extended unemployment insurance and health insurance for folks who have lost jobs; provided relief to struggling states to prevent layoffs of teachers and police officers; and made investments that are putting people back to work rebuilding and renovating roads, bridges, schools, and hospitals.

Now, I realize that none of this is much comfort for Americans who are still out of work or struggling to make ends meet. And when we receive our monthly job report next week, it is likely to show that we are continuing to lose far too many jobs in this country. As far as I’m concerned, we will not have a recovery as long as we keep losing jobs. And I won’t rest until every American who wants a job can find one.

But history shows that you need to have economic growth before you have job growth. And the report yesterday on our economy is an important sign that we’re headed in the right ...

Category:

News & Politics

Tags:

• Obama
• recovery
• stimulus
• economy
• GDP
• Bailout

[Spryt07]

if i were to take the greater portions of these comments here, reword them and give them back, you would hate the author of such thoughts before you realized it was you who spoke such things....unless he has caused mass murder and equally direct evil, no man deserves the comments i see here

[afterray]

sorry mr. president:

my two year old son knows that you are a full of trash!

my baby boy knows why his papa is unemployed.

after the white house kicks obama out and ALL of the americans scream with joy. i think that obama should take his campaign "yes we can" to the swamp. IF he's lucky, the wild pigs will appreciate his appearance.

obama. the first and the NEVER AGAIN!

[endtyrany]

Obama is just a public relations agent for TPTB. If we had a real president to fight the greedy elitist he would be killed in a month by some CIA wacko from MK Ultra. Our economy is a joke. More then half of our population recieve more from the government then they pay in taxes, 1/5 children is on food stamps. While more and more jobs are being eliminated US corporations are showing record profits. We blame people when Systemic inequality creates class differences & poverty. We need change now!

[roscoe85cj]

How can this mutt talk about an improvement in the economy haha ha ha

700 billion stimulus ... and the few jobs it created came at a cost of over $303,000.00 each ! haha

Unemployment up, up, up

2.5 million jobs LOST since this mutt took office

[darkvampire5555]

Obama is a natural born citizen of the UNITED STATES. GET OVER IT!.

[deveousdevil]

seriously, now fuckheads like Gordon Liddy say "it really doesn't tell you anything..." ughhh!!!

[boots920]

No that was for the 911Truther stuff, we're on the to birther truther Howdy Doody show now. Don't you ever watch mainstream ? That's Entertainment !!!

[whovian1971]

Now, was it a holographic airliner that hit obama or a real one? Why did Obama seven collapse when it was hit by nothing? Also, when obama 93 crashed in Pennsylvania why did obama obama?

[boots920]

Oh no I said the truth in other videos, I won't worry about it.

The brain dead hamster Taxpayers won't wake up.

Clap Clap bravo, Looks like the states and the rest of the globe is toast.

[boots920]

Nope its more:

Undocumented immigrant running cool country into the ground.

Subversion: You subvert the rule of law (US Constitution) so society implodes. Bravo clap clap its working great, I don't believe the states will ever recover.