Obama Weekly Address

George Wenschhof



Over the past four and a half years, we’ve been fighting our way back from an economic crisis and punishing recession that cost millions of Americans their jobs, their homes, and the sense of security they’d worked so hard to build.
 

And thanks to the grit and determination of the American people, our businesses have now created nearly 7 million new jobs over the past 38 months.

 

An auto industry that was flatlining is once again the heartbeat of American manufacturing – with Americans buying more cars than we have in five years.

 

Within the next few months, we’re projected to begin producing more of our own crude oil at home than we buy from other countries – the first time that’s happened in 16 years.

 

Deficits that were growing for years are now shrinking at the fastest rate in decades. The rise of health care costs is slowing, too.

 

And a housing market that was in tatters is showing new signs of real strength. Sales are rising. Foreclosures are declining. Construction is expanding. And home prices that are rising at the fastest rate in nearly seven years are helping a lot of families breathe a lot easier.

 

Now we need to do more.

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