July 2nd, 2009
02:58 PM ET
5 years ago

Obama: Figures show recession slowing, despite job report

Obama says the recession is slowing down.
Obama says the recession is slowing down.

WASHINGTON (CNN) - President Barack Obama on Thursday called the nation's latest unemployment figures sobering, but said the economic recession is slowing.

In a Rose Garden appearance with chief executives of clean-energy companies, Obama noted the average number of job losses in the current quarter has been 400,000 a month, compared to a monthly average of 700,000 in the previous quarter.

"It took years for us to get into this mess, and it'll take more than a few months to get out," Obama said.

Related: Boehner, GOP blasts jobs report


Filed under: President Obama
soundoff (124 Responses)
  1. jw

    Boehner is a boner! this crying wimp has never done anything but help destory our economy, President Obama didn't cause this mess and he can't clean up 8 years of corrupt wall street greed, helped by republican lawmakers, in 6 months. Stop crying and help your country the republicans are the biggest lying hypocrites and sex perverts that there are. They have zero credibility.

    July 2, 2009 03:52 pm at 3:52 pm |
  2. Alaska Mike

    Gee, that's not what you were saying when you wanted the stimulas past. The stimulas hasn't created any jobs it's only paid off the left for supporting what looks like a giant misstake by the American people. Obama has been shown to be just another money spending liberal activist.

    July 2, 2009 03:52 pm at 3:52 pm |
  3. jt

    Yes. It will take a minimum of 4 years to get out of this mess. When you are out of office!

    July 2, 2009 03:52 pm at 3:52 pm |
  4. enoughalready

    Yeah O.K. I wont listen to reports from any one but you.Cause i know you would NEVER LIE TO US. Are you sure thats what the TOTUS said?

    July 2, 2009 03:53 pm at 3:53 pm |
  5. Harley

    You can't believe the SOCIALIST Obama because he said he won't run car companies, and what did he do ? He said he doesn't want to run banks, and what did he do ? He said he doesn't want to run Heath Care what did he do ? ( Obama = Big Ass Mistake !!!! }

    July 2, 2009 03:54 pm at 3:54 pm |
  6. Independent in Virginia

    The news is only sobering if you quit drinking the Kool-Aid...

    July 2, 2009 03:56 pm at 3:56 pm |
  7. S M R

    GOP supporters on this blog are: 1. paid positions? 2. lacking reality 3. rich or 4. just plain stupid

    July 2, 2009 03:57 pm at 3:57 pm |
  8. Michael M, Phoenix AZ

    It may be slowing, but I just filed unemployment here in Arizona as too many of us teachers can't find work due to our new Gov's education budget cuts....Not supposed to be able to collect unemployment because NOW I am taking 6 graduated credit hours towards a Masters in Education in order to find employment. Go figure!

    July 2, 2009 03:59 pm at 3:59 pm |
  9. Kelby In Houston, TX

    Keep on pushin...we will get there. Keep working...keep trying...keep thinking...don't stop. We will get out of this hole and we will be better for it. Just don't give up...don't give in...We are still with you...We still believe in you and each other...We still believe that WE CAN

    July 2, 2009 03:59 pm at 3:59 pm |
  10. elliott

    Please IMPEACH this clown before it gets any worse.....he's poison!

    July 2, 2009 04:00 pm at 4:00 pm |
  11. Tim

    I think he meant to say that the economy was growing or not shrinking as fast as it would have had he not introduced his wonderful, unique and truly ingenous solutions to the unprecedented problems he inherited.

    Good thing we are well on our way to saving or creating 3 million jobs.

    July 2, 2009 04:00 pm at 4:00 pm |
  12. TxVet

    FOX News often puts a (D) next to a Republican politicians' name when they get caught doing something they can't explain – take Mark Sanford or Mark Foley as examples.

    I wonder if they put an (R) next to Barack Obama's name when he does something they like?

    July 2, 2009 04:00 pm at 4:00 pm |
  13. Michael M, Phoenix AZ

    Everyone is also saying that we don't need a comedian as a Senator, but he may actually be better then the other 534 clowns already there, not to mention the clowns from the past administration.

    July 2, 2009 04:02 pm at 4:02 pm |
  14. Commen Sense Reality Check

    Which party held the most representatives in Congress and the House the past few years....? OH... the DemoNcrats.. that's right.... maybe they did have a bit to do with the demise of our coutnry.

    July 2, 2009 04:03 pm at 4:03 pm |
  15. DavidinCA

    No matter how hard the Democrats like to ignore it ( i.e., their foray into the auto business ), market forces are powerful. They take jobs away efficiently and they create jobs efficiently. And the jobs created by market forces tend to stick around longer than jobs 'created' by government intervention.

    July 2, 2009 04:05 pm at 4:05 pm |
  16. Independent in Virginia

    IndyVoter July 2nd, 2009 3:16 pm ET
    "…. He and his economic team made an estimate based on the information that they had at the time..."
    -----------------–

    Sounds like the same type of reasoning Bush, CIA and Congress used to invade Iraq after 9/11. Looks like your boy Obama is in good company.

    July 2, 2009 04:06 pm at 4:06 pm |
  17. wade

    I hope he keeps spending, I'm a fan of communism, and the people at the bottom have been getting shafted too long. Everyone here that has been crying are a bunch of girly republicans always worried about your checks and your trust funds. Your standards of living for the sole purpose of aquiring money are killing this country. Just for giggles I'll put some of my money down that says he gets re-elected. HAHAHAHA.

    July 2, 2009 04:06 pm at 4:06 pm |
  18. democrat

    This is all the President Obama haters, GET OVER IT!!!! He's the president and you losers have to deal with it. LOL

    YES WE CAN!!!!!!!

    July 2, 2009 04:06 pm at 4:06 pm |
  19. Michael M, Phoenix AZ

    Everyone is also saying that we don't need a comedian as a Senator, but he may actually be better then the other 534 clowns already there, not to mention the clowns from the past administration. It took 10 years and a world war to get out of the Great Depression. The economy is like a friggin freight train on a downgrade....It can't stop on a dime.

    July 2, 2009 04:07 pm at 4:07 pm |
  20. JB - NYC

    Isn't it time Zero meets Reality?

    July 2, 2009 04:08 pm at 4:08 pm |
  21. Calling BS on this one!

    How long is obama going to keep blaming the GOP for the economic mess.

    IT WAS ACORN AND BARNEY FRANK THAT DID THIS TO US, NOT BUSH!

    ISN'T OBAMA SUPPOSED TO LEAD – NOT BLAME! Some of us a getting sick of his excuses!

    Hey obama, STOP WITH THE WHINING AND LEAD!

    July 2, 2009 04:08 pm at 4:08 pm |
  22. Tim

    Don't worry, Obama will fix this by limiting the pay of employees in corporate America who's companies received money from the government.

    And when he is done, he and everyone in his cabinet will sign a pledge to turn over all money received from book deals and speaking engagements, because it wouldn't be ethical for them to make money off of things learned and connections made while being paid by the government.

    And when he is done with that, he will require all actors and musicians to turn over excess earnings to the government, because it wouldnt' be ethical for them to earn such a high wage in professions that are subsidized by the government in the form of special permits issued to allow movies to be shot on public streats, or for music that is played over the public airwaves that benefit the artist.

    He's got a solution to all of our problems. Don't worry, be happy, drink the Kool-Aide. Hopenchange is a wonderfull flavor.

    July 2, 2009 04:08 pm at 4:08 pm |
  23. JB - NYC

    FYI – Dems have been running congress since 2006.. Nice work guys!

    July 2, 2009 04:09 pm at 4:09 pm |
  24. Independent in Virginia

    S M R July 2nd, 2009 3:40 pm ET

    With Obama being in the White House for less than 6 months, how in GODS name can this be Obamas fault.The GOP bankrupted America and the true Americans blame the GOP. PERIOD
    ----------
    If true, then explain the reasoning behind Obama spending money like it's going out of style? I thought if you go bankrupt, you're taught to curb your spending so that your credit doesn't get even worse.

    July 2, 2009 04:10 pm at 4:10 pm |
  25. Kevin in Ohio

    @S M R July 2nd, 2009 3:45 pm ET

    The GOP should give viable solutions or just SHUT UP. IDIOTS!!!
    _____________________

    Hey, pal...... every single solution ever offered has been shut down cold by the almighty democrats, the party in power. They seem to think the same way you do..... shout 'em down, call 'em idiots, espouse hate and vitriol, and they'll be silenced. Nope. This president has gotten himself in a mess, and its a shame we have to wait four more years for his departure. The dems have made their bed..... its all up to them now.

    July 2, 2009 04:10 pm at 4:10 pm |
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