Category Archives: Recession

>President Obama’s Weekly Address 6/18/11: Celebrating Fathers

>On Father’s Day weekend, President Obama reflects on his experience as a parent and discusses the challenges and necessity of being a good father.

Take a look at fatherhood.gov

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Filed under Barrack Obama, family values, Father's day, fatherhood.gov, good fathers, Love, parenting skills, President Obama, Recession, the White House Blog, weekly address

>President Obama’s Weekly Address 9/4/10: Honoring the American Worker

>The President talks about his fight to make America work for the middle class and make sure hard work is rewarded — rather than greed and recklessness .

http://www.whitehouse.gov/sites/all/modules/swftools/shared/flash_media_player/player5x2.swf

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Filed under job growth, Labor Day, Middle Class, President Obama, Recession, weekly address

President Obama’s Weekly Address 7/17/10: Filibustering Recovery & Obstructing Progress

The President blasts Republicans in the Senate who are blocking unemployment insurance and small business tax breaks to create jobs — even as they push for permanent, massive tax cuts for the richest Americans.

Remarks of President Barack Obama
Weekly Address
The White House
July 17, 2010

This week, many of our largest corporations reported robust earnings – a positive sign of growth.

But too many of our small business owners and those who aspire to start their own small businesses continue to struggle, in part because they can’t get the credit they need to start up, grow, and hire. And too many Americans whose livelihoods have fallen prey to the worst recession in our lifetimes – a recession that cost our economy eight million jobs – still wonder how they’ll make ends meet.

That’s why we need to take new, commonsense steps to help small businesses, grow our economy, and create jobs – and we need to take them now.

For months, that’s what we’ve been trying to do. But too often, the Republican leadership in the United States Senate chooses to filibuster our recovery and obstruct our progress. And that has very real consequences.

Consider what that obstruction means for our small businesses – the growth engines that create two of every three new jobs in this country. A lot of small businesses still have trouble getting the loans and capital they need to keep their doors open and hire new workers. So we proposed steps to get them that help: Eliminating capital gains taxes on investments. Establishing a fund for small lenders to help small businesses. Enhancing successful SBA programs that help them access the capital they need.

But again and again, a partisan minority in the Senate said “no,” and used procedural tactics to block a simple, up-or-down vote.

Think about what these stalling tactics mean for the millions of Americans who’ve lost their jobs since the recession began. Over the past several weeks, more than two million of them have seen their unemployment insurance expire. For many, it was the only way to make ends meet while searching for work – the only way to cover rent, utilities, even food.

Three times, the Senate has tried to temporarily extend that emergency assistance. And three times, a minority of Senators – basically the same crowd who said “no” to small businesses – said “no” to folks looking for work, and blocked a straight up-or-down vote.

Some Republican leaders actually treat this unemployment insurance as if it’s a form of welfare. They say it discourages folks from looking for work. Well, I’ve met a lot of folks looking for work these past few years, and I can tell you, I haven’t met any Americans who would rather have an unemployment check than a meaningful job that lets you provide for your family. And we all have friends, neighbors, or family members who already knows how hard it is to land a job when five workers are competing for every opening.

Now in the past, Presidents and Congresses of both parties have treated unemployment insurance for what it is – an emergency expenditure. That’s because an economic disaster can devastate families and communities just as surely as a flood or tornado.

Suddenly, Republican leaders want to change that. They say we shouldn’t provide unemployment insurance because it costs money. So after years of championing policies that turned a record surplus into a massive deficit, including a tax cut for the wealthiest Americans, they’ve finally decided to make their stand on the backs of the unemployed. They’ve got no problem spending money on tax breaks for folks at the top who don’t need them and didn’t even ask for them; but they object to helping folks laid off in this recession who really do need help. And every day this goes on, another 50,000 Americans lose that badly needed lifeline.

Well, I think these Senators are wrong. We can’t afford to go back to the same misguided policies that led us into this mess. We need to move forward with the policies that are leading us out of this mess.

The fact is, most economists agree that extending unemployment insurance is one of the single most cost-effective ways to help jumpstart the economy. It puts money into the pockets of folks who not only need it most, but who also are most likely to spend it quickly. That boosts local economies. And that means jobs.

Increasing loans to small business. Renewing unemployment insurance. These steps aren’t just the right thing to do for those hardest hit by the recession – they’re the right thing to do for all of us. And I’m calling on Congress once more to take these steps on behalf of America’s workers, and families, and small business owners – the people we were sent here to serve.

Because when storms strike Main Street, we don’t play politics with emergency aid. We don’t desert our fellow Americans when they fall on hard times. We come together. We do what we can to help. We rebuild stronger, and we move forward. That’s what we’re doing today. And I’m absolutely convinced that’s how we’re going to come through this storm to better days ahead.

Thanks.

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Filed under Congress, filibuster, President Obama, Recession, small businesses, tax cuts, the White House, weekly address

President Obama’s Weekly Address: 10/31/09 Milestones on the Economy and the Recovery Act

While there is nothing to celebrate until job numbers turn around, the President cites the recent dramatic turnaround in gross domestic product as a sign of better things to come. He also applauds the fact that the Recovery Act has now created or saved more than a million jobs

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Filed under American Recovery and Reinvestment Plan, GDP, President Obama, Recession, weekly address

Corzine Talks Recession with Rachel Maddow

On a segment on the Rachel Maddow show yesterday, NJ Gov. Jon Corzine made an appearance to discuss the recession and what he was going to talk to President elect Obama in Philadelphia today. 

Corzine mentioned that Obama is a great listener and he hopes that Obama will support a huge stimulus package for the States.

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Filed under Auto Industry, bailout, Barack Obama, Jon Corzine, President-Elect, Recession, The Rachel Maddow Show

Corzine Talks Recession with Rachel Maddow

On a segment on the Rachel Maddow show yesterday, NJ Gov. Jon Corzine made an appearance to discuss the recession and what he was going to talk to President elect Obama in Philadelphia today. 

Corzine mentioned that Obama is a great listener and he hopes that Obama will support a huge stimulus package for the States.

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Filed under Auto Industry, bailout, Barack Obama, Jon Corzine, President-Elect, Recession, The Rachel Maddow Show

President-Elect Obama’s Weekly Radio/Web Address 11/22/08

WASHINGTON (AFP) – US president-elect Barack Obama announced Saturday that he had ordered his economic advisers to produce an economic recovery plan to create 2.5 million new jobs over the next two years.

Well be working out the details in the weeks ahead, but it will be a two-year, nationwide effort to jumpstart job creation in America and lay the foundation for a strong and growing economy, Obama said in his weekly radio address.

Obama, who has vowed to make the economy his priority when he takes office from President George W. Bush in January, said the effort should produce 2.5 million new jobs by January of 2011 and lay the foundation of the countrys economic recovery.

His announcement came two days after government data showed that new jobless claims had surged to a 16-year high, in a new sign that the worlds largest economy appeared to be sliding into a deep recession.

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Filed under AFP, Barack Obama, economy, George Bush, new jobs, President-Elect, Recession, unemployment, unemployment benefits, weekly radio address