Obama: Economy 'Going to Take Time'

President pleads for patience in weekly address
By Newser Editors and Wire Services
Posted Jun 11, 2011 6:39 AM CDT
Obama: Economy 'Going to Take Time'
President Obama and first lady Michelle Obama leave the White House, Friday, June 10, 2011, before boarding the Marine One helicopter. Obama is spending this weekend at Camp David.   (Pablo Martinez Monsivais)

President Obama today sought the public's patience with a slowing economy and said training workers for manufacturing jobs despite declines in that sector will help put the economy on a path toward growth. "We didn't get into this mess overnight. And we won't get out of it overnight. It's going to take time," Obama said in his weekly radio and online address. No president since World War II has won a second term with a jobless rate above 7.2%.

In the weekly Republican message, also on jobs, Rep. Adam Kinzinger, R-Ill., recalled the administration's promise that unemployment would go no higher than 8% after Obama pumped billions of dollars into the economy soon after taking office. Kinzinger said the "road to refueling our economy and creating jobs" includes tackling government debt, simplifying the tax code, limiting regulations, passing free-trade agreements with Colombia, Panama, and South Korea, and boosting domestic energy production. "These are some of the steps we need to take to get government out of the way and let our economy grow and get back to producing jobs," he said. (More President Obama stories.)

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