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When I took office eight months ago, our nation was in the midst of an economic crisis unlike any weâd seen in generations. While I was confident that our economy would recover, we know that employment is often the last thing to come back after a recession. Our task is to do everything we possibly can to accelerate that process. And weâve certainly made progress on this front since the period last winter when we were losing an average of 700,000 jobs each month. But yesterdayâs report on September job losses was a sobering reminder that progress comes in fits and starts, and that we will need to grind out this recovery step by step. Thatâs why Iâm working closely with my economic team to explore additional options to promote job creation. And I wonât let up until those who seek jobs can find them; until businesses that seek capital and credit can thrive; and until all responsible homeowners can stay in their homes. It wonât be easy. It will require us to lay a new foundation for our economy â one that ...
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