President Obama is attempting to mend the economic turmoil that came with last month's job reports. The President requested that Congress help take more action in bettering the economic stance and job market of the country.
Mr. Obama's speech, which took place at a Honeywell factory in Minnesota, mentioned the effects that elevated gas prices are still having on the world. He also acknowledged that the economy could and should be growing at a much faster rate than it currently is.
"We've got a lot of work to do before we get to where we need to be," said President Obama. "The economy is growing again, but it's not growing as fast as we want it to grow."
The President refrained from discussing May's job reports which showed a net gain of just 69,000 jobs and an increase in unemployment. Despite the threat the reports are said to possibly have on his re-election, President Obama instead decided to address the up side of the current job market. The President stated that 4.3 million jobs have been created within the private sector since the recession.
President Obama further stated, "From the moment we first took action to prevent another Great Depression. We knew the road to recovery would not be easy, we knew it would take time, we knew there would be ups and downs along the way".
The President advised in his speech that Congress proceed in passing the remainder of his $477 billion jobs bill, to help revive the country's economic state.
In President Obama's September 2011 address which outlined the bill, he stated, "The purpose of the American Jobs Act is simple: to put more people back to work and more money in the pockets of those who are working."
President Obama hopes that seeing Europe's financial distress can help give Congress even more of an incentive to take action.
"We can't fully control everything that happens in other parts of the world. But there are plenty of things we can control at home", said President Obama.
