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Obama: Economy 'Going to Take Time'

President pleads for patience in weekly address

By the Associated Press

Posted Jun 11, 2011 6:39 AM CDT

(AP) – President Obama today sought the public's patience with a slowing economy and said training workers for manufacturing jobs despite declines in that sector will help put the economy on a path toward growth. "We didn't get into this mess overnight. And we won't get out of it overnight. It's going to take time," Obama said in his weekly radio and online address. No president since World War II has won a second term with a jobless rate above 7.2%.

In the weekly Republican message, also on jobs, Rep. Adam Kinzinger, R-Ill., recalled the administration's promise that unemployment would go no higher than 8% after Obama pumped billions of dollars into the economy soon after taking office. Kinzinger said the "road to refueling our economy and creating jobs" includes tackling government debt, simplifying the tax code, limiting regulations, passing free-trade agreements with Colombia, Panama, and South Korea, and boosting domestic energy production. "These are some of the steps we need to take to get government out of the way and let our economy grow and get back to producing jobs," he said.

President Obama and first lady Michelle Obama leave the White House, Friday, June 10, 2011, before boarding the Marine One helicopter. Obama is spending this weekend at Camp David.
President Obama and first lady Michelle Obama leave the White House, Friday, June 10, 2011, before boarding the Marine One helicopter. Obama is spending this weekend at Camp David.   (Pablo Martinez Monsivais)
President Obama speaks at  Northern Virginia Community College, Wednesday, June 8, 2011, to highlight the need to prepare the workforce to compete for manufacturing jobs.
President Obama speaks at Northern Virginia Community College, Wednesday, June 8, 2011, to highlight the need to prepare the workforce to compete for manufacturing jobs.   (AP Photo/Carolyn Kaster)
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COMMENTS
Showing 3 of 95 comments
Coolbreeze55
Jun 11, 2011 10:49 PM CDT
I think he made the 8% statement based on the assumption that he would have the full support of the Republicans,  I mean after all, that's the American way.  We did that after Pearl Harbor, after 9-11, why would we think otherwise during a banking system  collapse.  Then he found out that they were more interested in attaining power and to hell with the country.  Country first, may ass.  Secession, destroying government, tax cuts for the wealthy and the destruction of the regulatory network was the goal of these nut jobs led by the traitorous southern wing of the Republican party. The preservation of your middle class standard of living depends on keeping good government in place.  The preservation of good government depends on keeping the Republicans out of government.  They hate good government, the American middle class and the American Dream and want to destroy all of it. The
zdaydream
Jun 11, 2011 5:33 PM CDT
At the rate that republicans are killing educational dollars and the way the US is falling behind other countries in where we are, kid smart wise.  We're falling behind other countries and they want to kill training.  Love the republican support for our youth.  <:-)
Scaramouche
Jun 11, 2011 5:20 PM CDT
"training workers for manufacturing jobs despite declines in that sector will help put the economy on a path toward growth." Really, how the hell does that work? If I have a million machinists, and 500K job openings, guess what? I now have 500,000 angry machinists. Does this idiot not know how to count?

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