Obama: away from the edge of the gap and fire

Away from the edge of the gap and fire at home. Once made, however, it became clear that they need to make repairs because the roof leaks, steam boiler is broken and we are late in paying the mortgage. It said the president Barrak Obama, defending his actions in the economic sector during the first six months of its mandate.

The president said that the measures which the Government now takes aim at improving the opportunities for finding employment and economic prospects of ordinary families.

Everything we do now aims not only to overcome the current crisis but also to lay the foundations for long-term economic growth in the future, „said Obama.

The president noted that the government will succeed to stop the loss of jobs, with only the assistance of 144 billion dollars provided by the U.S. federal government, has helped to preserve places of teachers, police and firefighter.

Thanks to the efforts of federal authorities, hundreds of thousands of people were able to alter the conditions for repayment of their mortgage obligations and not to lose their homes, he emphasized.

But Obama acknowledged that the government is unable to do anything because our economy is enormous and the impact that it suffered because of the economic crisis – just as severe.

The president said that Wall Street banks have failed to show remorse for the foolish risks that made the beginning of the financial turmoil and contributed to the entry of the U.S. economy into recession.

In June, Obama announced the rapid reform of the regulatory system by which to improve government oversight of banks and markets to avoid recurrence of financial crisis.

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Finance