Saturday, August 20, 2011

Obama Accuses Congress of Holding Back U.S. Recovery

But I thought it was Bush's fault... and stormy weather... and bad luck... and the Republicans... and the Tea Party... and...
A vacationing U.S. President Barack Obama accused Congress on Saturday of holding back the U.S. economic recovery by blocking "common sense" measures he said would create jobs and help growth.

In remarks recorded on Wednesday on his campaign-style bus tour in Illinois and aired during his holiday in Martha's Vineyard, Massachusetts, Obama said the stalled construction, trade and payroll tax bills could give a boost to the economy.

"The only thing preventing us from passing these bills is the refusal by some in Congress to put country ahead of party. That's the problem right now. That's what's holding this country back," the president said in his weekly radio address, which is also transmitted on the Internet.

Wall Street stocks have suffered four weeks of losses because of investor jitters, partly over concerns that the United States may be headed for another recession after barely growing in the first half of 2011.

With the national unemployment rate stuck above 9 percent, Obama's re-election hopes may hinge on his ability to convince voters he is steering the U.S. economy the right way.
Obama: "It's-not-my-fault-ever-in-Chief"
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