September 10th, 2010
01:15 PM ET

Obama: Recession recovery has been 'painfully slow'

CNN Wire Staff

[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/POLITICS/09/10/obama.economy/story.obama1.jpg caption="President Obama said Friday that there is 'room for discussion' on competing tax plans." width=300 height=169]

(CNN) - President Obama acknowledged Friday that bouncing back from the recession has been "painfully slow" but insisted that the economy continues to grow as he pushed his administration's new economic proposals at his first news conference in months.

Obama once again urged the Senate to pass his small-business jobs bill, arguing that it has been blocked by "a partisan [Republican] minority." Obama praised Sen. George Voinovich, R-Ohio, for announcing that he would not help GOP leaders block the bill.

Still, he said, there is "room for discussion" on competing tax plans. "If the Republican leadership is prepared to get serious ... I would love to talk to them," he said at the White House.

Obama insisted, however, that the GOP plan to extend the Bush tax cuts for individuals earning over $250,000 is a bad idea.

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Filed under: Economy • President Barack Obama
soundoff (One Response)
  1. Bob Ewell

    I beieve that we the people need to FIRE OBAMA...this recession is a disaster...soon before we know it we'll be in the great depression #2...then obama will go down in history as another hoover!

    September 10, 2010 at 7:42 pm |