Obama says the USA has “the strongest, most durable economy in the world”. “I guess you can not please everybody”, Obama said.
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The two leaders also agreed that the North’s planned rocket launch would “contravene multiple U.N. Security Council resolutions and represent another provocative and destabilizing action”.
Still, he pointed to the economic gains to bolster his new proposal to impose a $10-per-barrel fee on oil. “It’s not going to be a disruptive factor” for the economy.
Mr. Zients said oil drilled in the US that is exported would not be taxed, ensuring a “level playing field” for American producers.
Obama slammed Republican candidates in the race to replace him in the November 8 presidential election for “talking down” the economy.
Obama noted he will send a budget plan to Congress next Tuesday that he believes will help the economy experience more broad based progress.
President Barack Obama speaks about the economy, Friday, Feb. 5, 2016, during a news conference in the Brady Press Briefing Room of the White House in Washington.
On Friday, he acknowledged that “there’s still anxiety and concern about the general direction of the economy”, noting the job losses, stock market plunges and free fall in the housing market in 2007-2008 were still fresh in Americans’ memories.
“If it’s working, then we should be staying on that same path”, he said, adding that he doesn’t reach for a “big double-bacon cheeseburger” after a good workout at the gym.
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He blamed it on lingering effects from the recession that began before he took office. “A lot of people still feel that”.
