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From The WhiteHouse.org: The President explains how the Recovery Act helped end our economic free fall, and how his agenda is helping to set a new foundation for our economy. From health reform, to energy, to creating the jobs of the future, the President’s proposals will make our economy stronger for both the current generations and our children, all in a way that will get our deficits under control. Full Transcript: This week, we’ve made important progress toward the goal of bringing about change abroad and change at home. During my visit to Russia, we began the process of resetting relations so that we can address key national priorities like the threat of nuclear weapons and extremism. At the G8 summit, leaders from nearly thirty nations met to discuss how we will collectively confront the urgent challenges of our time, from managing the global recession to fighting global warming to addressing global hunger and poverty. And in Ghana, I laid out my agenda for supporting democracy and development in Africa and around the world. But even as we make progress on these challenges abroad, my thoughts are on the state of our economy at home. And that’s what I want to talk to you about today. We came into office facing the most severe economic downturn since the Great Depression. At the time, we were losing, on average 700,000 jobs a month. And many feared that our financial system was on the verge of collapse. As a result of the swift and aggressive action we took in the first few months of this year, we’ve been able to pull our financial system and our economy back from the brink. We took steps to re-start lending to families and businesses, stabilize our major financial institutions, and help homeowners stay in their homes and pay their mortgages. We also passed the largest and most sweeping economic recovery plan in our nation’s history. The Recovery Act wasn’t designed to restore the economy to full health on its own, but to provide the boost necessary to stop the free fall.

Obama: Stimulus Designed To Work Over Two Years -- Not Four Months In this weekend's YouTube address, President Obama answered stimulus opponents who say that it has not restored the economy -- as well as those who say it didn't...

PoliticsThe President explains how the Recovery Act helped end our economic free fall, and how his agenda is helping to set a new foundation for our economy. From health reform, to energy, to creating the jobs of the future, the Presidents proposals will make our economy stronger for both the current generations and our children, [...]

The President explains how the Recovery Act helped end our economic free fall, and how his agenda is helping to set a new foundation for our economy. From health reform, to energy, to creating the jobs of the future, the President’s proposals will make our economy stronger for both the current generations and our children, all in a way that will get our deficits under control.Watch It: Full Transcript Below: