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Friday, August 1, 2014

Obama: Economy Stronger, Congress Could Do More

U.S. President Barack Obama delivers remarks and takes reporters' questions in the Brady Press Briefing Room at the White House August 1, 2014 in Washington, D.C. (Chip Somodevilla/Getty Images)

U.S. President Barack Obama delivers remarks and takes reporters’ questions in the Brady Press Briefing Room at the White House August 1, 2014 in Washington, D.C. (Chip Somodevilla/Getty Images)

President Barack Obama says the economy is getting stronger and, quote, “engines are revving a bit louder.”

Obama is praising the July hiring and advances by the U.S. economy.

The president cites new data showing that employers added 209,000 jobs last month – the sixth straight month of job growth above 200,000.

But Obama says Congress has blocked steps that would maintain that momentum or even accelerate the recovery.

Obama has been pushing legislation to raise the minimum wage and to broadly increase spending on infrastructure projects.

The unemployment rate ticked up in July to 6.2 percent from 6.1 percent as more Americans started looking for work.

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  • Rick

    Wage controls are counter-productive and we can’t afford the infrastructure “investments” that he wants.

  • j o n a t h a n p u l l i a m

    Obama’s speech will no doubt be remembered as the macro-economical equivalent of George Bush’s grotesquely pre-mature “Mission Accomplished” Iraq War victory banner.

  • sameolbs

    Total BS; the economy is not stronger and it is just another talking point.

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