U.S. President Barack Obama laughs during the taping on his guest appearance on the "Late Show with David Letterman" show in New York, September 21, 2009. REUTERS/Kevin Lamarque
Posted on 10/02/2009 6:29:27 PM PDT by NormsRevenge
WASHINGTON (AFP) – US President Barack Obama on Friday said the latest grim government job loss figures were a "sobering" reminder of a difficult "grind" ahead towards economic recovery.
"Today's jobs report is a sobering reminder that progress comes in fits and starts," Obama said after returning to Washington from Copenhagen, where he lobbied for Chicago's failed bid to land the 2016 Olympics.
"We're going to need to grind out this recovery step by step."
In a blow to hopes of imminent recovery, new Labor Department figures on Friday showed job losses accelerated to 263,000 in September, pushing the unemployment rate to a new 26-year high of 9.8 percent.
Obama, who is facing intense political pressure to speed up the US recovery after the worst economic crisis on record, noted that last winter, the economy was losing around 700,000 jobs a month.
"But our task is to do everything we can possibly do to accelerate that process.
"And I want to let every single American know that I will not let up until those who are seeking work can find work, until businesses that are seeking credit are able to get credit and thrive, until all responsible homeowners can stay in their homes."
"On behalf of every American, I will continue in that effort each and every day for as long as I am in this White House."
Earlier, as Obama headed back from Copenhagen, it was left to Vice President Joe Biden to give the first administration reaction to the figures.
"Today's bad news does not change my confidence in the fact that we are going to recover -- we will be producing jobs," Biden told reporters before a meeting in the White House.
(Excerpt) Read more at news.yahoo.com ...
“Difficult grind”
Is that code for I’m going on vacation and taking Air Force One on a round the world tour?
U.S. President Barack Obama laughs during the taping on his guest appearance on the "Late Show with David Letterman" show in New York, September 21, 2009. REUTERS/Kevin Lamarque
Yea, time to sober up, crack head.
Well done
Just wait until cap and trade help with those numbers.
U.S. President Barack Obama and first lady Michelle Obama arrive in Copenhagen to
promote Chicago REUTERS/Kevin Lamarque (UNITED STATES POLITICS SPORT OLYMPICS)
Let me repeat;
It’s a recession when your neighbor loses his job.
It’s a depression when you lose yours.
And......... recovery when Obama loses his.
Wave goodbye to Dem control of the house and the senate Obama. 2010.
we needed to pass the stimulus bill immediately so unemployment wouldn’t go above 8%
‘Mission Accomplished’, huh?
gawd!!! This man is truly insane.
Why does he consistently say stuff like this? Is this some sort of subtle dare to kick him out?
Don't tempt me, Ears.
Obama is the only President ever to make Jimmy Carter look like a Centrist. I cant fathom what this country might look like in 2012. Unemployment at 20 percent I’m assuming
The only thing left for a liar is to fudge the figures.
Can’t let Democrats skate on the economy.
Must use it as our nuke weapon on them in 2010.
One more stimulus and we aught to be able to "grind it out" to 11%.
Will anybody care??
Sobering? For who? Has anyone been giddy on this issue?The economy is a disaster and the tax and government cuts that will improve it are not in BOs bag of tricks. I don't see any way this clown can possibly succeed. He's going to be giving this same speech a year from now. Imagine how lame it will sound then.
No trabajo, no cerveza!
the economy.
Must use it as our nuke weapon on them in 2010.
—
Yup.. an issue that touches every household and business in this nation and beyond its borders... and can be addressed none to soon ..
November 2010 can’t get here quick enough
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