Originally published by the Voice of America (www.voanews.com).
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July 11, 2009

Obama Urges Patience on Economic Recovery
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http://enews.voanews.com/t?ctl=2548041:A6F02AD83191E160026AE892790EDC802A201403E89ED254&
 
President Obama said his economic recovery plan worked as intended,
dismisses Republican criticism categorizing his $787 billion economic
stimulus plan as failure 
U.S. President Barack Obama (file photo)Although he is overseas, U.S.
President Barack Obama chose a domestic topic for his weekly address,
the U.S. economy. President
Obama said his economic recovery plan has worked as intended, and he
dismissed Republican criticism categorizing his $787 billion economic
stimulus plan as a failure. He said the plan, enacted in February,
already has provided $43 billion in tax relief, extended unemployment
and health insurance to those who have lost their jobs, and eased the
rate of further job losses. Mr. Obama rejected suggestions of a
second stimulus package, and he urged Americans to be patient with the
rate of recovery. He said the plan "was designed to work over two
years" and will accelerate as this year goes on. In the weekly
Republican response, Representative Eric Cantor of the eastern U.S.
state of Virginia, added to criticisms of the plan, saying it is full
of "pork barrel spending, government waste and massive borrowing."
Cantor
said President Obama's economic decisions have not produced jobs or
prosperity and have not worked. He accused the president of racking up
trillions of dollars more in debt. He said Republicans want reductions
in both taxes and spending. Some information for this report was
provided by AP.


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