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Obama says no "quick fix" for economy

Sunday, June 12, 2011 - 01:14

June 11 - U.S. President Obama pledges to take steps to increase employment while warning there is no ''quick fix'' for the economy. Deborah Lutterbeck reports.

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U.S. President Barack Obama, seeking to ease voters' concerns about his handling of the U.S. economy, pledged to meet with his jobs council next week to focus on short term steps to boost employment. SOUNDBITE: U.S. President Barack Obama, saying (English): "I wish I could tell you there was a quick fix to our economic problems," Obama said in his weekly radio address. "But the truth is, we didn't get into this mess overnight, and we won't get out of it overnight. It's going to take time." With the unemployment rate edging up to 9.1 percent, opinion polls are showing increasing public doubts the Administration's economic policies. SOUNDBITE: U.S. President Barack Obama, saying (English): "On Monday, I'll travel to North Carolina, where I'll meet with my Jobs Council and talk about additional steps we can take to spur private sector hiring in the short-term and ensure our workers have the skills and training they need in this economy. Republican critics on Capital Hill accuse Obama of wasteful spending and overregulation that they say obstructs economic growth. Deborah Lutterbeck, Reuters

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Obama says no "quick fix" for economy

Sunday, June 12, 2011 - 01:14