March 7th, 2009
09:45 AM ET
14 years ago

Obama: U.S. to emerge 'more prosperous'

[cnn-photo-caption image= caption="President Obama says the country will emerge from the economic crisis through bold actions."]
WASHINGTON (CNN) - President Barack Obama told Americans on Saturday that ending the economic crisis will not be "easy," but the nation will emerge "more prosperous" through swift and bold actions.

Speaking in his weekly radio and Internet address from the White House, Obama made the comments a day after the worst American unemployment figures were released in a quarter-century.

Watch: Obama's weekly address

"I knew that solving this crisis would not be easy, nor would it happen overnight," Obama said.

"And we will continue to face difficult days in the months ahead. But I also believe that we will get through this - that if we act swiftly and boldly and responsibly, the United States of America will emerge stronger and more prosperous than it was before."

Watch: Rep. Blunt delivers the weekly Republican address

On Friday, the government announced that the United States lost 651,000 jobs last month, bringing the total number of jobs lost since the start of the recession to 4.4 million.

The Labor Department also reported that the nation's unemployment rate soared to 8.1 percent in February, the highest level in a quarter century.

The president emphasized what his administration is doing to help get the nation out of the recession.

"My administration is committed to doing all that's necessary to address this crisis and lead us to a better day," Obama said in his address.

"That's why we're moving forward with an economic agenda that will jump-start job creation, restart lending, relieve responsible homeowners, and address the long-term economic challenges of our time: the cost of health care, our dependence on oil, and the state of our schools.

Obama ended his weekly address with a message of hope.

"We've experienced great trials before. And with every test, each generation has found the capacity to not only endure, but to prosper - to discover great opportunity in the midst of great crisis. That is what we can and must do today," said Obama.

"And I am absolutely confident that is what we will do. I'm confident that at this defining moment, we will prove ourselves worthy of the sacrifice of those who came before us, and the promise of those who will come after."

Filed under: Economy • President Obama
soundoff (208 Responses)
  1. JP

    Tom in SA

    Yes they are to do what we elected them to do, generally speaking. There comes a time when you have to do the hard work of politics and actually lead, even if that means angering your constituents. Do you think liberals are happy that Obama kept Gates in his cabinent or that Obama physically went to Capitol Hill to sit down with the Republicans about the stimulus or that he is leaving a significant amount of troops in Iraq? No they didn't but that is part of true leadership and that ultimately is what we elect our 'leaders' to do.

    March 7, 2009 02:47 pm at 2:47 pm |
  2. Moving Forward!

    Matthew Detriot: You must be Dsylexic!! It's ADHD (Adult Attention Deficit Hyperactivity Disorder)!! There is also the short form which is ADD (Adult Attention Deficit Disorder) without the hyperactivity! I'm glad he has ADHD because the hyperactivity will allow him to MULTITASK at WARP SPEED!!! It's also good press for people like myself who have ADD so watch your MOUTH!!

    March 7, 2009 02:53 pm at 2:53 pm |
  3. Robin

    Wow, someone actually posted that they want Bush back in office ... I hope that's joke.

    March 7, 2009 02:54 pm at 2:54 pm |
  4. Delmas

    Harry and Obama haters,

    A stock market is not a saving, it's just gambling because there is no mathematical calculation on the ups and downs of the market. It is based just on fear and what these liars want to hear.The best saving for your retirement is putting money in the saving account. I wonder how people believe in this manipulation from wall street. This is just like believing G W Bush, McCain and the reps telling you the economy is strong when everything were already crushing. You have a truthteller in the white house and should be proud of him. Stop following these Rep and the news media, because they never told that the economic situation was moving backward like they did with the war in Irak. Do more google and open your thoughts.
    Do not blame the one that wants to solve this mess and show your love , because what is happening here is the notion that the americans have lost this notion of love. Money became the driving force in this country. If we don't get back to this, nothing will be solved.

    March 7, 2009 02:55 pm at 2:55 pm |
  5. Simmy

    Tom in S.A.,
    So you're saying that you, as a member and supporter of "The Obstructionist Party," also want the country to fail?

    Answer this for me: In light of the fact that the President knew that we needed more money than was voted on in the Stimulus Bill, to get US out of FP Bush's "leftover mess," how do you and yours think we should handle this colossal collapse in managing our government?

    Other than seceding; you've already tried that. Other than using Limbaugh's Handbook/Playbook of repeat the same key phrases over and over.....The smart public have seen through the camouflages. Other than labeling President Obama in attempts at tarnishing his image....That's not working.......Other than Gingrich, Palin, Romney, Jindal, Cantor, Boehner, McConnell, Sanford, DeMint, Pawlenty, Spense, Limbaugh, Steele, Coulter, Rudy G, Huckabee, Joe-The-Plumber-McCain, etc.......Other than all of the above, what do you and yours have to bring to the table?

    March 7, 2009 03:04 pm at 3:04 pm |
  6. mjm

    This is the problem with Obama. Fixing the economy is not hard, it's simple. He is just not listening. He is taking advantage of the situation in order to push his Socialist agenda and his Socialist vision for America.

    America is Capitalism. It's small government, low taxes, and lots of freedom. When we do well, the world does well. When we act like Socialist, the world economy suffers.

    March 7, 2009 03:12 pm at 3:12 pm |
  7. A. Darton

    President Obama you still have my total support, because you see we didn't get into this mess overnight and we won't get out of it overnight.It amazes me that some people mostly (Obama Haters ) act like the President should have these problems solve by now, when it took Bush and his Republicans buddies six or more years to get us to this point. They never complain about the budget then. They never talked about mortgaging out our children and grandchildren 's future when billions were being spent in Iraq. When the President Obama took over this job, this crisis is what Bush left him. So it will take some time to get us back on the right track, and I have no doubt that we have the right man to lead us. As much confidence as I have in President Obama, my faith is in Jesus Christ. The sorriest darn President we ever had just left office. Obama is a liar, then what was Bush when he lied about the reason we went into Iraq. I wish the 4000 soliers that died could answer that. He twisted the Constitution so he could do his underhanded deeds. Don't talk to me about who's a liar, PLEASE!!! Do anyone remember how we were told that the economy was in sound shape, for months we were told that by President Bush and canidate John McCain? Well we saw how sound it really was, didn't we?

    March 7, 2009 03:22 pm at 3:22 pm |
  8. Rita

    Blah, blah, blah past eight years this...,
    Blah, blah, blah, Bush's fault that...

    How many times does common sense have to be pointed out too you before the little tiny light bulb finally comes on?

    Of those past eight years you keep refering too, six of them were fine, it was the last two that it all started going sour...

    Last two years?!!,...wouldn't that be about the time the democrats took over congress?....

    Dem response: Uh, duh, why for you say common sense, we liberals still no understand.

    March 7, 2009 03:28 pm at 3:28 pm |
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