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Obama touts economic achievements

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U.S. President Barack Obama speaks on the economy in the Roosevelt Room of the White House in Washington on July 23, 2010. UPI/Ron Sachs/Pool 
Published: July 23, 2010 at 3:34 PM
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WASHINGTON, July 23 (UPI) -- U.S. President Barack Obama Friday took credit for "enormous progress" his administration has made in restoring faith in the economy.

"I want to talk about the progress that we made this week on three fronts, as we work to repair the damage to our economy from this recession and build a stronger foundation for the future," Obama told reporters assembled in the White House Roosevelt Room.

The three things -- signing the financial reform bill, a measure to cut $50 million in wasteful federal spending, and the House vote to restore extended unemployment benefits to 2.5 million Americans -- move the country closer to recovery, he said.

Obama asked the Senate to "finish the job" after voting last night to end debate on a $30 billion program for community banks to help small businesses get loans.

"So taken together, we made enormous progress this week on Wall Street reform, on making sure than we're eliminating waste and abuse in government, and in providing immediate assistance to people who are out there looking for work," the president said.

He said the ultimate goal "is to make sure the people who are looking for a job can find a job."

Topics: Barack Obama
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