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Obama says pain of recession continues although report says it's over

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By Associated Press

WASHINGTON (AP) — President Barack Obama said Monday he doesn't care that the Great Recession has been declared over by a group of economists. For the millions of people who are out of work or otherwise struggling, he said, "it's still very real for them."

Obama denied that he was anti-business or anti-Wall Street in his economic proposals, commenting under close questioning during a town hall-style meeting broadcast live on CNBC.

He offered a mixed verdict on the growing tea party, calling its skepticism of government "healthy...That's in our DNA, right?"

But, he added, "The challenge for the tea party movement is to identify specifically 'What would you do?'" to help turn around the economy and produce jobs.

"It's not enough just to say, 'Get control of government.' I think it's important for you to say, 'You know, I'm willing to cut veterans' benefits or Social Security benefits or I'm willing to see these taxes go up.'"

The government can't simply cut taxes on the nation's wealthiest people "and magically think things are going to work out," he said.


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