Obama: End 'Cycles of Bubbles and Bust'

By John Johnson,  Newser Staff
Posted Mar 12, 2009 4:13 PM CDT

President Obama told the chief executives of America's biggest companies today that the US has to end its "endless cycles of bubbles and busts," Bloomberg reports. "Instead, we must build this recovery on a foundation that lasts," Obama said in an address to the Business Roundtable. That's why his administration's focus isn't solely on the economy, he said, but also on health care, energy, and education.

“I’m not choosing to address these additional challenges just because I feel like it, or because I’m a glutton for punishment,” he said. “I’m doing so because they are fundamental to our economic growth and to ensuring that we don’t have more crises like this in the future.” Still, he said his team's "top" priorities are dealing with banks' toxic assets and unfreezing the credit markets. (More President Obama stories.)

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