CEOs To Meet With Obama On Job Creation
THE PRESIDENT: Good morning, everybody. Before departing for Asia this morning, Iâ??d like to make a brief statement about the economy.
Over the past 10 months, weâ??ve taken a number of bold steps to break the back of this recession. Weâ??ve worked to stabilize the financial system, revive lending to small businesses and families, and prevent responsible homeowners from losing their homes. And through the Recovery Act, weâ??ve cut taxes for middle class families, extended and increased unemployment insurance, and created and saved more than a million jobs.
As a result, the economy is now growing again for the first time in more than a year — and faster than at any time in the past two years. But even though weâ??ve slowed the loss of jobs — and todayâ??s report on the continued decline in unemployment claims is a hopeful sign — the economic growth that weâ??ve seen has not yet led to the job growth that we desperately need. As Iâ??ve said from the start of this crisis, hiring often takes time to catch up to …
Duration : 3 min 27 sec
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