Obama:Economy "Back From The Brink"

THE PRESIDENT: Hello, everybody. I am pleased to be joined this morning by my Economic Recovery Advisory Board. Each of these men and women have extraordinary and diverse expertise in the economy. I want to especially thank Paul Volcker, who has been a terrific advisor to me since the transition and has continued to help steer this group in ways that are providing us some very practical advice as we move forward. I've said before, but I think it bears repeating, that we have come a long way since January, when at that time we were losing 700,000 jobs per month and across the political spectrum I think there was fear of the possibility of another Great Depression. We have pulled the economy back from the brink. We got good news last week showing that for the first time in over a year the economy was actually growing once again. And we have seen some other indicators that manufacturing is beginning to pick up. That's all good news and we are pleased that the actions that we took swiftly through ...