Obama Says U.S. Still Hurting From Wall Street Crisis of 2008

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President Barack Obama, urging Congress to pass his jobs plan, said the economy is still struggling three years after the collapse of Lehman Brothers Holdings Inc.

In his weekly radio and Internet address today, Obama said his $447 billion jobs package would be fully paid for and he will present his proposals for cutting the nation’s debt to a congressional supercommittee in two days. His approach will follow “some basic principles: making sure we live within our means and asking everyone to pay their fair share,” Obama said.

“But right now, we’ve got to get Congress to pass this jobs bill,” Obama said. “Everything in the American Jobs Act is the kind of idea that’s been supported by Democrats and Republicans before.” He urged listeners to “help make it happen by telling your congressperson to pass this jobs bill right away.”

Since announcing his jobs plan to a joint session of Congress on Sept. 8, Obama has traveled to election battleground states of Ohio, Virginia and North Carolina to recruit support for it, saying it will reduce the nation’s 9.1 percent unemployment rate.

http://www.bloomberg.com/news/2011-09-17/obama-says-u-s-still-hurting-from-wall-street-crisis-of-2008.html