Presidential Remarks on Unemployment Numbers

Nov 6, 2009

White House

President Obama spoke about October 2009 employment figures from the Bureau of Labor Statistics (BLS). The report found that the unemployment rate jumped to 10.2%. In his remarks he said he had signed a bill into law that would extend unemployment benefits by up to an additional 20 weeks, cut taxes for businesses operating at a loss, and extend .. Read More
President Obama spoke about October 2009 employment figures from the Bureau of Labor Statistics (BLS). The report found that the unemployment rate jumped to 10.2%. In his remarks he said he had signed a bill into law that would extend unemployment benefits by up to an additional 20 weeks, cut taxes for businesses operating at a loss, and extend the tax credit for home buyers. He also spoke about the previous day shooting at Fort Hood, Texas. He said he ordered that flags at the White House and at federal buildings would fly at half-staff in tribute.

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TRANSCRIPT

TIME SPEAKER TEXT
00:00:05 Obama, BarackPresident

Good morning. I want to begin by offering an update on the tragedy that took place yesterday at Fort...
00:00:13 Obama, BarackPresident

This morning I met with FBI Director Mueller and the relevant agencies to discuss their ongoing investigation...
00:00:35 Obama, BarackPresident

What we do know is that there are families, friends and an entire nation grieving right now for the...
00:01:36 Obama, BarackPresident

Now, I would also like to announce that I just signed into law a bill that will help grow our economy,...
00:02:04 Obama, BarackPresident

When we first came into office our immediate goal was to stop the freefall that caused our economy...
00:02:36 Obama, BarackPresident

The bill I signed today will help folks do that while continuing to grow our economy. It's a bill...
00:03:02 Obama, BarackPresident

Although the extension will help over 1 million Americans, it won't just put money into the people's...
00:03:22 Obama, BarackPresident

Now, this bill will also cut taxes for struggling businesses, with even larger cuts for small businesses,...
00:03:42 Obama, BarackPresident

The rebound in the housing market was one of the big factors that contributed to the growth of the...
00:03:57 Obama, BarackPresident

Now, it's important to note that the bill I signed will not add to our deficit. It is fully paid...
00:04:14 Obama, BarackPresident

We will also build on the measure I signed today with further steps to grow our economy in the future....
00:04:43 Obama, BarackPresident

So although it will take time and it will take patience, I am confident that our economy will recover....
00:04:56 Obama, BarackPresident

Thank you, everybody.

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