President Barack Obama said on Tuesday he had seen signs of progress in its campaign to implement the United States from the economic crisis in order to reassure Americans tired of the recession on the right track."We are moving in the right direction," said Obama, in his second prime-time White House news conference since taking office on January 20.
The drop step anger, government and corporate bonds, compared with its huge skepticism about the budget, Obama has moved into its policy and focus on the economic agenda to a large extent.
He made his case the American people on the same day that a coordinated approach among the largest economies of the world, and only on the day following the discovery of billions of dollars soak up toxic bank assets in connection with the global financial collapse.
Obama has the podium after the U.S. called on investors' stock slipped, while the government's recent efforts aimed at maintaining the balance of the banks. The initial euphoria about the plan, stocks sharply higher on Monday.
Despite the fact that the economy is in, the press conference Obama gave him an opportunity to lay the foundations for a certain week before he made his debut on the international scene with his first major presidential election in overseas travel.
Brush side G20 summit of major economies in London on 2 April, it is inconsistent with its European partners, Obama said that he expects state leaders shared the goal of promoting growth and renewal of outdated financial management, avoiding trade protectionism.
Obama, who promises to repair America's image abroad, after eight years of George W. Bush has previously stated that the signs of change in its policy of "restoring confidence" in the international world of American leadership
He made it clear that he was serious about its recently about a new beginning in the U.S. for a long time enemy of Iran and said that the status quo in the Israeli-Palestinian conflict has taken on a strong commitment to the U.S. as "unsustainable sustainable."
Dominated economy
Focusing on the economy, Obama said: "We have developed a strategy to attack this crisis on all fronts. This is a strategy to create jobs to help the owner to resume lending and economic growth in our economy in the long run. And we are beginning to see signs of progress ".
The administration cited the recent signs of improvement in the devastated housing market, but most of the major economic indicators are still under extreme stress.
Obama higher adoption have been tested in the public response to the payment of $ 165 million in executive bonuses to American International Group after the insurance giant received a $ 180 billion in taxpayer funds to rescue.
Obama was forced to repeatedly denounce AIG bonuses in an attempt to temper public outrage and calls for protection of the Minister of Finance Timothy Geithner waive its consideration of the case.
Obama has serious problems with the way back to the journalists, but he was pressed over AIG wildcat scandal.
The question of why his sentence was deferred for payment of AIG, the president - who cultivated "Obama is not a fiction" image ", - he said laconically:" It took us a few days because I would like to know what I am talking about before speak. "
AIG sensation to distract Americans from Obama to convince them that the $ 787 billion program to stimulate economic shock to the economy from recession, and its inclusion of $ 3.55 trillion budget for fiscal year 2010 money.
An attempt to resolve the matter on its economic rescue measures, Obama defended his proposal on the budget, the opposition and even some fellow Republicans, Democrats have criticized for being too expensive.
Obama said his budget, and then in the committees of Congress this week, paving the way to overall economic growth, providing time to borrow and spend, if we save and invest. "
Congressional Budget Office projects Obama plan the budget deficit for fiscal year 2009 is just over 1.8 billion dollars for fiscal year 2010, about 1.4 billion U.S. dollars.
Knowing about the problems, leading Obama, his economic outlook. "There are no quick fixes, and there is no panacea," he said.
He stressed that the United States, despite the economic problems the U.S. has "very strong" on the credibility of America in the economic outlook and said that there is no need for a single global currency - a proposal recently submitted by China and Russia.
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