Sunday 24 November 2013

US economy on course — Obama

United States President Barack Obama, on Saturday amid the lowest poll numbers of his presidency and a barrage of bad headlines, accentuated the positive, telling Americans that the US economy is heading “in the right direction.”

“Over the past couple of months, most of the political headlines you’ve read have probably been about the government shutdown and the launch of the Affordable Care Act,” the president said in his weekly media address referring to the new health care law informally known as Obamacare.

“But if you look beyond those headlines, there are some good things happening in our economy,” he said.

Obama said 7.8 million new jobs have been created in the private sector in the past 44 months.

He said that the US auto industry is resurgent and America is on the path to reversing its “addiction to foreign oil.”

And although he felt compelled to apologise last week for mistakes in the rollout of his signature health reform legislation, he said the programme would do good for the nation.

Some 500,000 Americans “are poised to gain health coverage starting January 1,” Obama said.

“Imagine how much farther along we could be if both parties were working together.”

No comments: