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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (17045)	8/7/2009 3:01:27 PM
From: puborectalis	1 Recommendation Read Replies (1) \| Respond to of 103300

President Obama on Friday lauded new jobs numbers showing a slight decrease in the unemployment rate as the latest sign that "that the worst may be behind us." "Though we lost 247,000 jobs in July, that was nearly 200,000 fewer jobs lost than in June, and far fewer than the nearly 700,000 jobs a month that we were losing at the beginning of the year," he said in the White House Rose Garden. "Today, we're pointed in the right direction," the president continued. "We're losing jobs at less than half the rate we were when I took office." He went on to trumpet his administration's efforts to help the financial system, reduce home foreclosures, improve the flow of credit, rescue the economy from "catastrophe," and "build a new foundation for growth." The president then shifted into a defense of the stimulus package, about which he said "there's a lot of misinformation." He said the package has meant tax relief for families and small businesses, expanded unemployment benefits and cheaper health insurance for families looking for work. Mr. Obama also pointed to "the largest new investment of infrastructure in America since Eisenhower built the interstate highway system back in the 1950s." "…two-thirds of the Recovery Act have helped people weather the worst phase of this recession, while savings jobs and stabilizing our economy," he said. "The last third is dedicated to the vital investments that are putting people back to work today to create a stronger economy tomorrow." After pushing for health insurance reform, "a historic commitment to education" and incentives to create clean energy sources, he said, "we have a lot further to go." "As far as I'm concerned, we will not have a true recovery as long as we're losing jobs, and we won't rest until every American that is looking for work can find a job," said Mr. Obama. He concluded: "I am convinced that we can see a light at the end of the tunnel, but now we're going to have to move forward with confidence and conviction to reach the promise of a new day."