Saturday, July 17, 2010

Weekly Address: President Obama Says GOP Senate Leadership Choosing to "Filibuster Our Recovery and Obstruct Our Progress"

WASHINGTON – In this week’s address, the President criticized the Republican leadership in the Senate for opposing initiatives which that would create jobs and strengthen the economy like cutting taxes for small businesses and extending unemployment insurance for Americans who have lost their jobs during the recession.  Aiding small businesses and renewing unemployment insurance are not just the right things to do for those hit hardest by the recession, they are steps that will help strengthen the recovery.  When crises strike Main Street, the President believes it’s important to put aside politics and act in the best interests of American families and small businesses.

Visit for more info.

Saturday, July 3, 2010

President Obama: "We are headed in the right direction"

Today the June employment report was released. Christina Romer, chair of the Council of Economic Advisers, summarized the report this morning in a White House blog post:

Change We Can Believe In: Barack Obama's Plan to Renew America's Promise
Today’s employment report shows continued signs of gradual labor market recovery. Private nonfarm payroll employment increased by 83,000 in June and the unemployment rate fell two-tenths of a percentage point to 9.5%. June marks the sixth month in a row that private sector employment has increased. These continued signs of healing are important, particularly given the recent volatility in world markets and the mixed behavior of other recent economic indicators. However, much stronger job gains are needed to repair the damage caused by the financial crisis and put the millions of unemployed Americans back to work.
And President Obama noted that although definite progress has been made, the work to repair the economy is far from finished.
Make no mistake: we are headed in the right direction. But as I was reminded on a trip to Racine, Wisconsin, earlier this week, we’re not headed there fast enough for a lot of Americans. We’re not headed there fast enough for me, either. The recession dug us a hole of about 8 million jobs deep. And we continue to fight headwinds from volatile global markets. So we still have a great deal of work to do to repair the economy and get the American people back to work. That’s why we’re continuing a relentless effort across multiple fronts to keep this recovery moving.
The President also took the opportunity to announce new Recovery Act investments in 66 projects across the country to bring broadband Internet service to communities with little to no access—investments that will create private-sector jobs.
In the short term, we expect these projects to create about 5,000 construction and installation jobs around the country. And once we emerge from the immediate crisis, the long-term economic gains to communities that have been left behind in the digital age will be immeasurable.
All told, these investments will benefit tens of millions of Americans—more than 685,000 businesses, 900 health care facilities, and 2,400 schools across the country. And studies have shown that when communities adopt broadband access, it can lead to hundreds of thousands of new jobs. Broadband can remove geographic barriers between patients and their doctors. It can connect our kids to the digital skills and 21st-century education required for the jobs of the future. And it can prepare America to run on clean energy by helping us upgrade to a smarter, stronger, more secure electrical grid.
So we’re investing in our people, and we’re investing in their future. We’re competing aggressively to make sure that jobs and industries and the markets of tomorrow take root right here in the United States. We’re moving forward. And to every American who is looking for work, I promise you we are going to keep on doing everything that we can—I will do everything in my power to help our economy create jobs and opportunity for all people.
Download the Road to Recovery graphic here.

Change We Can Believe In: Barack Obama's Plan to Renew America's Promise 
Search Obama'12 Articles ▼

OBAMA and Economy