Prepared Remarks of President
Barack Obama
Weekly Address
Saturday, October 3th, 2009

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When I took office eight months ago, our nation was in the midst of an economic crisis unlike any we'd 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 we've certainly made progress on this front since the period last winter when we were losing an average of 700,000 jobs each month. But yesterday's 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.

That's why I'm working closely with my economic team to explore additional options to promote job creation. And I won't 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 won't be easy. It will require us to lay a new foundation for our economy - one that gives our workers the skills and education they need to compete; that invests in renewable energy and the jobs of the future; and that makes health care affordable for families and businesses - particularly small businesses, many of which have been overwhelmed by rising health care costs.