After Fiscal Crisis, Washington Must Change, Obama Says
WASHINGTON -- President Barack Obama says the way business is done in Washington must change.
"The way business is done in Washington has to change," he says. "Now that these clouds of crisis and uncertainty have lifted, we need to focus on what the majority of Americans sent us here to do -- grow the economy, create good jobs, strengthen the middle class, lay the foundation for broad-based prosperity, and get our fiscal house in order for the long haul."
In his weekly radio and Internet address, Obama is telling Americans their frustration with politics is understandable. He's referring to the fiscal crisis that shut down the government and brought the U.S. close to default.
"There's been a lot of discussion lately of the politics of this shutdown," Obama says. "But the truth is, there were no winners in this. At a time when our economy needs more growth and more jobs, the manufactured crises of these last few weeks actually harmed jobs and growth. And it's understandable that your frustration with what goes on in Washington has never been higher."Obama says even with the crisis over, Republicans and Democrats won't agree on everything. But he says they should find areas of agreement. He's pushing Congress to act this year on a budget, a farm bill and an immigration overhaul. In the Republican address, Virginia Attorney General Ken Cuccinelli says Obama's health care law is an affront to freedoms the Founding Fathers fought for. He says its implementation has been a national embarrassment. "Obamacare represents one of the largest and most reckless expansions of government in the more than 200-year history of our nation," says Cuccinelli, who is running for governor of Virginia. "I believe that Obamacare is unconstitutional. I believe it's an affront to the freedoms and liberties our Founding Fathers fought to establish."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts