The Gross Domestic Product grew to 5.7% in the fourth quarter. In this week's address, President Obama highlighted the economic news, but made sure to keep the focus on creating jobs. The President began his address by saying,
"At this time last year . . . our economy was shrinking at an alarming rate, the largest six-month decline in fifty years. Our factories and farms were producing less. Our businesses were selling less. And more job losses were on the horizon. One year later, according to numbers released this past week, this trend has reversed itself. For the past six months, our economy has been growing again. And last quarter, it grew more quickly than at any time in the past six years. This is a sign of progress, and it's an affirmation of the difficult decisions we made last year to pull our financial system back from the brink and get our economy moving again. But, when so many people are still struggling, when one in ten Americans still can't find work and millions more are working harder and longer for less, our mission isn't just to grow the economy, it's to grow jobs for folks who want them and ensure wages that are rising for those who have them. It's not just about improvements we see in quarterly statistics, but ones people feel in their daily lives . . . That's why job creation will be our number one focus in 2010."
The President also reiterated policy proposals that he introduced in this week's State of the Union Address to deal with the deficit. President Obama also revisited a theme he discussed at this week's Republican retreat; challenging Congress to put the needs and concerns of the people before their own political self-interests. For more, take a look at the video below:
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