Barack Obama says US economic recovery 'painfully slow'

President Barack Obama "People are frustrated," Mr Obama acknowledged

Related Stories

Progress in pulling the American economy out of recession has been "painfully slow", US President Barack Obama has said.

"The hole the recession left was huge and progress has been painfully slow," he told a White House news conference.

Mr Obama has made three speeches on the economy this week, as it looms as the major issue for the US mid-term polls.

His Democratic Party faces a stiff test from Republicans in November amid the sluggish US economic recovery.

'What have you done?'

"For all the progress we've made, we're not there yet. And that means people are frustrated and why people are angry," Mr Obama said, in his first formal news conference since May.

"Because I am president, and the Democrats have control the House and Senate, it's understandable that people are saying, 'What have you done?'"

President Barack Obama says he "understands anger on the economy"

But Mr Obama again called on Republicans to drop opposition to a bill to help small businesses when Congress returns next week from its summer break.

He accused Republicans of holding up the bill in order to keep a political victory from the Democrats ahead of the elections.

The US economic recovery has slowed in recent months. Last Friday, the labour department said the economy lost 54,000 jobs in July, with unemployment rising to 9.6%.

Mr Obama has said Democratic economic proposals, including a $787bn (£509.3bn) stimulus package the Democrats passed shortly after he assumed office, turned the country around from recession.

On Friday, he said that the Republican party wanted to reinstate economic policies that led the country into economic disaster.

"If the election is about the policies that are going to move us forward versus the policies that will get us back into a mess, then I think the Democrats will do very well" in November.

More on This Story

Related Stories

More US & Canada stories

RSS

Features

  • Alana Saarinen at pianoMum, Dad and Mum

    The girl with three biological parents


  • Polish and British flags alongside British roadsideWar debt

    Does the UK still feel a sense of obligation towards Poles?


  • Islamic State fighters parade in Raqqa, Syria (30 June 2014)Who backs IS?

    Where Islamic State finds support to become a formidable force


  • Bride and groom-to-be photographed underwaterWetted bliss

    Chinese couples told to smile, but please hold your breath


  • A ship is dismantled for scrap in the port city of Chittagong, BangladeshDangerous work

    Bangladesh's ship breakers face economic challenge


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.