Obama: Economy has a 'long way to go'
July 8th, 2011
11:11 AM ET
11 years ago

Obama: Economy has a 'long way to go'

(CNN) - President Barack Obama said Friday that "today's job report confirms what most Americans already know: We still have a long way to go and a lot of work to do."

He called on Congress to take a series of steps to help strengthen the economic recovery, including dedicating more money to infrastructure repair, streamlining the patent approval process, passing several free-trade agreements, and extending the current payroll tax break.

He also called for a rapid conclusion to the debt ceiling talks. "The sooner we get this done," the sooner businesses will have the certainty needed "to grow and to hire," he said.

Filed under: Jobs • President Obama • unemployment
soundoff (35 Responses)
  1. tainopower

    All I want from this president is to tell me the truth whit out the teleprompter. And when you do tell me something don’t tell me that the teleprompter is lying.

    July 8, 2011 12:05 pm at 12:05 pm |
  2. The Obama Recession Continues Unabated, Obama Depression on the way

    A huge part of Obama's "Stimulus Plan" was billions and billions given to states to preserve union jobs. Now the gravy train has run out and states have to do what they refused to do two years ago, cut costs and face reality. AGAIN, Obama and the Democrats have done everything in their power to LENGTHEN and DEEPEN the recession. It has been nearly THREE YEARS of economic water torture complements of Obama, Reid and Pelosi. It will ONLY end when they are removed from positions of power that enable them to do their damage.

    July 8, 2011 12:16 pm at 12:16 pm |
  3. Rudy NYC

    Fair is Fair wrote:
    I didn't ask you for talking points. I asked you a direct question , challenging your statement on the Dow, which of course you could not answer.
    You ignored my question by replying with one of your own. As for as talking points are concerned, they were your own talking points claiming credit for the promising jobs numbers for Jan-Apr. You took all of the credit when the numbers looked promising. Now the numbers are looking bad, you are ready to cast blame. The GOP policies of draconian cuts during a weak economy are making things worse.

    July 8, 2011 12:22 pm at 12:22 pm |
  4. Rudy NYC

    "A huge part of Obama's "Stimulus Plan" was billions and billions given to states to preserve union jobs. Now the gravy train has run out and states have to do what they refused to do two years ago, cut costs and face reality."

    And most all of the Republican Governers used those funds to pay for tax cuts, thereby causing a large deficit when the funds ended. Case in point, Minnesota.

    July 8, 2011 12:25 pm at 12:25 pm |
  5. Rudy NYC

    Quaker75 wrote:
    @RudyNYC, would you like states to run deficits like the national government.
    No, I would not like to see that. But, it seems that many GOP governers do. They used the *temporary* Stimulus funds to pay for tax cuts on the wealthy. Tax cuts that did expire when the Stimulus expired.
    Most states now have a deficit crisis because of those tax cuts are still in place.

    July 8, 2011 12:29 pm at 12:29 pm |
  6. Ancient Texan

    And Obama wants to spend more money we don't have. Surprise, surprise. The trillion dollar payoff to unions was the same as pouring it down a rat hole and only worsened our situation, but he wants tax increases on the people that provide jobs so he can throw some more to the unions. It's re-election time folks.

    July 8, 2011 12:31 pm at 12:31 pm |
  7. A Kickin` Donkey

    You want to turbo charge the economy?

    The US should use it`s military might and influence to convince Saudi Arabia to boost production by 30% for 18 months.

    I`m not suggesting we "pull a Trump" and take their oil. However, if we flex our muscles and quietly explain that we would look favorably on such a move, the Kingdom would likely move. Hillary, get on it.

    And before some Tea-publican shouts "Drill-baby-Drill" remember, it takes 7 years to bring a well online so you can`t hang this on Obama. In 2004, Bush was in the Oval Office.

    Long term, Mr. Obama`s actions to raise CAFE mileage standards, and push us away from fossil fuels will eliminate the economy-crippling influences that high oil prices can have. All the "liberal" green policies will push us in the right direction. Seven years from now, the foundation layed by Obama will be paying dividends. If Bush had taken these same steps, we`d be in great shape by now.

    July 8, 2011 12:34 pm at 12:34 pm |
  8. Nini

    What happened to the Summer of recovery?
    Shovel ready wasn't shovel ready.
    Stimulus didn't Stimulate.
    Green economy not so green. You have No creditability Mr. President.

    July 8, 2011 12:34 pm at 12:34 pm |
  9. maikl

    I just hope Obama got short way to go. Again GOP guilty,BUSH, ATM's. Let's face- it's Obama policy. Yes We Can not even methionine anymore. The worse president ever. I want my vote back. I vote for Him. Please, America forgive me.

    July 8, 2011 12:36 pm at 12:36 pm |
  10. vic , nashville ,tn

    Republicans took over the states in 2010 first thing they did kill the public sector jobs

    Florida recently passes the law who ever get welfare must go through drug test
    Good policy

    But after 2 years Florida taxpayer will pay more why every one will pass the drug test government has to pay all drug test fees

    Ron Paul 2012

    July 8, 2011 12:36 pm at 12:36 pm |
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