THE PRESIDENT: Good afternoon, everybody. Please, have a seat. Before I begin, I want to just acknowledge two people who are working extraordinarily hard on behalf of small businesses. First of all, the administrator of our Small Business Administration, Karen Mills, is here. (Applause.)
The other individual who is on his way and will be here in a hot second but we didn’t want to keep everybody waiting is a dear friend of mine, a great former governor of Virginia, is now the senator from the great state of Virginia, and a huge supporter of small business and trying to figure out how to help all of you control your costs, and that’s Senator Mark Warner. So when he comes in, please give him a smile. (Applause.)
I asked you here today to talk about health insurance reform and why it’s so critical to the success of small businesses across our country. But before I do, let me talk a minute just briefly about the new economic numbers that were released this morning.
I am gratified that our economy grew in the third quarter of this year. We’ve come a long way since the first three months of 2009, when our economy shrunk by an alarming 6.4 percent. In fact, the 3.5 percent growth in the third quarter is the largest three-month gain we have seen in two years. This is obviously welcome news and an affirmation that this recession is abating and the steps we’ve taken have made a difference.
But I also know that we got a long way to go to fully restore our economy and recover from what’s been the longest and deepest downturn since the Great Depression. And while this report today represents real progress, the benchmark I use to measure the strength of our economy is not just whether our GDP is growing, but whether we’re creating jobs, whether families are having an easier time paying their bills, whether our businesses are hiring and doing well. And that’s what I’m here to talk with you about today.
I know many of you have come from different corners of our country to be here, and …
Duration : 0:15:35
Related posts:
LOL, 1990 pages and …
LOL, 1990 pages and they use the word “shall” over 2,000 times. Please explain these “economics” to me oh disciple of Eugene Fama.
Are you all upset I …
Are you all upset I made a fool of you about you concept of what “A Lie” is. Gotta love facts, they sure make fools out of liberals.
I don’t understand …
I don’t understand why anyone would give this comment a negative rating.
Is is because they disagree that youtube/ internet has changed the world, or that they don’t think its bad to treat other people poorly?
I third that – your …
I third that – your understanding of economics is severely disabled.
All along he has …
All along he has said fixing this mess was going to take a lot of hard work and a long time.
“Republicans …
“Republicans certainly don’t have many good NEW ideas,”
AND LET ME SAY – I voted for G.W. Bush on 2000. If he would’ve done the things he said he may have had a decent Presidency. Well, we see how thats turned out. And it sure is funny to see hard core Repubs try to defend that. What he did what indefensible. That simple. We won’t move forward as a country until those of us who voted him admit we were wrong.
Let me be the first. Bush was wrong. Obama is on the right track.
Republicans in …
Republicans in general seem to be most worried with securing a way to preserve what they have, they certainly don’t have many good NEW ideas, and are not the progressive party of the future.
Because they’ve …
Because they’ve become a group of crybabies who dont have a thing to contribute as far as I can tell. Tradiitional Republican ideals? Out the window. Bush spent more than most Democrats. Started two wars, one of which involved pre-emptively INVADING a country over a false pretense. A country who had ZERO threat to us!
First you rip on …
First you rip on his speech for having too many umms, then you admit you can’t give a decent speech yourself, then it comes out you only watched less than 10% of the speech. Some reasonable discussion takes place, and now your back to frat boy antics. And you wonder why the Republicans lost in 06, 08?
Seriously,
you sit …
Seriously,
you sit here writing your “youtube” comments and cant even bring up logical argument do defend your side?
This is an opportunity for you to bring up some ideas about what SHOULD be done, not just rag on someone else who is trying to do what you obvioulsy cannot.
why do you feel the …
why do you feel the need to make fun of his vocabulary? Is that all you have really? And now the frat boy in you comes out. Go do a barrel stand.
No one said he …
No one said he started the problems… now you are assuming. But Bozo head distinctly said he would without a doubt fix it. He was hired on that premises. So far, my job review of him is a grade F. He is making things worse as he goes along, not better. So, if you get hired to fix a problem that pre-existed, don;t go around making that problem worse… just get fixing. Obama should look for a new job because he is really crap at this one.
Actually, whats …
Actually, whats weird logic to you is common knowledge to more intelligent people than yourself.
Ok, if this crisis …
Ok, if this crisis is indeed a century in the making then why the did Candidate BO say he could fix it in 7 months? Or even a year? Your statements just show what a liar he was back then. So, now he must really be feeding us a continuous stream of lies, eh? Oh so, now he says he can fix it in another year. Sure you can BO. What did he fix in Chicago? Oh yeah….nothing!!!
Why would you want …
Why would you want someone to commit suicide because they don’t agree with government? Man, you are really Obozo brainwashed.
Classic,
…
Classic,
unfortunately I can see you don’t understand a thing about the reality of how economics works. Let me be very simple for you:
Perception is reality.
I personally do not think this is a good thing, and maybe we can someday change that – but truth is truth and it cannot be ignored.
EXACTLY!!!!! …
EXACTLY!!!!! Totally agree.!!!!!
For one, your …
For one, your argument here is a complete farce. Any President would have saved the auto industry. George Bush was going to, John McCain would’ve.
You’re God lucky GM did not go under, or China would’ve picked up that slack in a heartbeat. You want to pretend to be a hard ass, but it was not an easy decision to bail out GM. I view it as a success. You, on the other hand want to blame everything on Obama.
You can complain very well, but you dont have any better answers. George Bush?
“I still don’t get …
“I still don’t get how he saved a million jobs?” It’s like being addicted to gambling. You go to the casino with $3,500 in your pocket and you lose it all except for a quarter. Then with that last quarter you win $1,000 on a slot machine. The next day at work you tell everyone you had a great day at the casino and you won $1,000.
Obozo will give GM …
Obozo will give GM the third handout in a “hot second” because he has to keep them alive long enough to get past the 2012 election. GM fails before then Obozo’s outta here in 2012.
I still don’t get …
I still don’t get how he saved a million jobs?
If you mean he staved off the complete implosion of the banking system… I guess… But banks are still collapsing.
I agree with you that he spent a load of money.
I don’t agree with you that the world loves us now magically because of Obama.
And as far as refocusing on Afghanistan we shall see when he makes his mind up on that.
Yeah, GM is looking …
Yeah, GM is looking for another handout or going out of business. The Chinese have bought portions of it – thus scalping the company of it’s assets. And Ford, didn’t take the money is doing fine. Way to save the car industry. ironlungs33, I am totally confused as to how Obama saved the car industry!
Yes, but that is …
Yes, but that is hypothetical. According to that logic you can spend any amount of money you wish and claim any amount of reduced damage (jobs saved/not lose). I don’t buy into this sort of weird logic.
According to the …
According to the White House method I would have to say yes I did.
“Staved off …
“Staved off collapse of banking system” and yet 9 more banks folded Friday.
“stimulus package saved maybe 35 jobs” and you know for fact these 35 people were on the chopping block before the stimulus package, how?