Obama: the state of the U.S. economy is far from ideal

Status of the American economy is far from ideal. According to ITAR-TASS, such recognition did the president Barack Obama, speaking in a suburb of Washington - the city of Fairfax (Virginia).

"The first step that we had to do - to stabilize the financial system and ensure that we again find ourselves in the Great Depression. We were able to restore stability ", - said the U.S. leader. However, he warned, "this is not all that needs to be done. The President recalled that the result of the crisis was the decline in the U.S. 8 million jobs. "Even taking into account the fact that this year we have created new jobs, we have so far failed to restore all those millions of items that have been lost", - declared head of state.

Among the main steps, which, in his view, lead to the improvement of the situation, the president called the tax cuts for the middle class, reforming the national health system and education.

Asked whether Obama is ready to cooperate with the U.S. Congress on these and many other key issues in the case after the November midterm elections power on Capitol Hill have moved from Democrats to Republicans, he proposed to "hold hands and go forward together."

Numerous public opinion polls show that control of Congress in November can go into the hands of Republicans, and then Democratic president will be much harder to carry out reforms.

Almost simultaneously with the speech of Obama's U.S. Treasury Department has distributed information on budget deficits. Following 11 months of fiscal year 2010, ending September 30, it was about 1.3 trillion dollars.