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Obama: Congress Needs To Do More Than Talk About Jobs

Filed by KOSU News in US News.
June 8, 2012

President Obama is talking to reporters about the economy this morning at the White House. We’re updating with highlights, so hit your “refresh” button to be sure you’re seeing our latest.

Update at 10:56 a.m. ET. The Latest Alert From The Associated Press:

“Obama says European leaders should inject capital into weak banks, take further steps to avert recession.”

Update at 10:52 a.m. ET. Europe’s Ripple Effects:

The president says the U.S. needs to do whatever it can to support European leaders’ efforts to shore up their financial institutions and economies, because the ripple effects of a downturn in Europe would be serious for the U.S. economy.

Update at 1049 a.m. ET. Greece Should Stay In Eurozone:

In talking about Europe’s crisis, Obama says Greece should stay in the eurozone. He acknowledges Greeks have made painful sacrifices, but makes the case that keeping the bloc together will be better for Europe and the global economy.

Update at 10:46 a.m. ET. Republicans Talk “A Good Game”:

Instead of “talking a good game about job creators,” Obama says, Congress (and by that he means House Republicans) should do such things as “give small businesses a tax break for hiring.”

Update at 10:45 a.m. ET. Pressing Congress:

The president makes the case that if Congress had passed his entire jobs package last year, 1 million more people would be working now. “I urge them to reconsider,” he says.

Update at 10:43 a.m. ET. We Have To “Keep On Pressing”:

At the top of his remarks, Obama says that while the economy has produced new jobs for 27 months in a row, there’s still a large “hole” left to be filled. That’s why, he says, we need to “keep on pressing.”

He’s also using his opening comments to warn about the dangers to the U.S. and global economy from the financial crisis in Europe.

Update at 10:31 a.m. ET. Two-Minute Warning:

CNN says reporters have been given a heads-up that Obama will be there in about 2 minutes.

Update at 10:20 a.m. ET. Running Late:

The president was scheduled to appear in the White House press briefing room at 10:15 a.m. ET. Obviously, he’s late.

Our original post:

President Obama is going to make a statement at 10:15 a.m. ET about the economy and will again press Congress to enact some of the “bipartisan, paid-for” measures he thinks will boost job growth, the White House says.

And since the president will be appearing in the White House press briefing room, it’s likely he’ll be taking some questions. So we’ll monitor and update this post as warranted. [Copyright 2012 National Public Radio]

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