Obama Promises Action On Economy ...But warns that there's 'no quick fix' By Kevin Spak, Newser Staff Posted Sep 3, 2010 12:27 PM CDT 22 comments Comments President Barack Obama discusses the economy as the latest unemployment figures are released, Friday, Sept. 3, 2010, in the Rose Garden at the White House. (AP Photo/J. Scott Applewhite) (Newser) – There is “no quick fix” for the economy, Barack Obama said today in a speech at the White House, but his team is working on a new series of proposals to boost growth and hiring. Obama spoke following the Labor Department’s latest employment report, which showed that private payrolls had jumped a better-than-expected 67,000 in August but that the unemployment rate inched up from 9.5% to 9.6%, Bloomberg reports. Obama urged Congress to pass the small-business aid bill it's currently working on, and promised more to come. “I will be addressing a broader package of new ideas next week,” Obama promised, saying the economy is already headed in “the right direction; we just have to speed it up.” For a look at what the president’s planning, click here. Robert Gibbs dialed down expectations a bit yesterday, saying the new plan would be tightly focused. “Some big new stimulus plan is not in the offing,” he said.