April, 24, 2010

President Barack Obama on Saturday touted the government’s role in saving two American auto manufacturers, but said more bailouts would be needed unless Congress passes a financial overhaul bill. “Even as we have come a long way, we still have a ways to go,” Obama said in his weekly radio and Internet address. “After a recession that stole eight million jobs, this is gonna take some time.

And this will require that we continue to tackle the underlying problems that caused this turmoil in the first place. In short, it’s essential that we learn the lessons of this crisis – or we risk repeating them.”Obama used the address to make what could be his final public push for the Wall Street reform bill ahead of a key Senate test vote scheduled for Monday. Senate Banking Committee Chairman Chris Dodd (D-Conn.) and Alabama Sen.

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