Obama: 'We are moving forward'
Saturday, July 24, 2021 6:01 AM

Related Stories



In his weekly radio and Internet address, the president said the Wall Street reform legislation he signed this week "will protect consumers and our entire economy from the recklessness and irresponsibility that led to the worst recession of our lifetime."

"It's reform that will help put a stop to the abusive practices of mortgage lenders and credit card companies. It will end taxpayer bailouts of Wall Street firms. And it will finally bring the shadowy deals that caused the financial crisis into the light of day.," he said.

Obama called Wall Street reform a key pillar of his administration's economic plan, along with development of "a homegrown, clean energy industry" and tax breaks designed to promote hiring by small businesses and make college more affordable.

"Now, I can't tell you that this plan will bring back all the jobs we lost and restore our economy to full strength overnight," the president said. "The truth is, it took nearly a decade of failed economic policies to create this mess, and it will take years to fully repair the damage. But I am confident that we are finally headed in the right direction. We are moving forward.

However, Obama said Republicans in Congress are promoting "the same ideas that created this mess in the first place."

(Source: UPI )
 

Sponsors

Symbol :

Advertisement

Market news:

  • Earnings Roundup: DD, BP, X, AKS, TLAB, ODP, CMI Jul 27, 2021 09:47 AM

    DuPont (NYSE: DD) reported Tuesday that its second quarter net income nearly tripled from a year-ago, helped by double-digit sales growth across all six of its business segments.

  • Stocks In Focus: AGEN, NTWK Jul 27, 2021 08:21 AM

    Antigenics (NASDAQ: AGEN) On Tuesday announced positive results with AG-707, an investigational therapeutic vaccine being developed to treat herpes simplex virus-2 (HSV-2), the virus that causes genital herpes, in infected patients.

  • Notable Earnings After Tuesday's Close: LVS, AFL, AET, MEE, CEPH, BRCM Jul 27, 2021 07:29 AM

    Las Vegas Sands Corp. (NYSE: LVS) is scheduled to release second-quarter earnings after the closing bell on Tuesday, July 27, 2010.

  • ETF Update: DRN, DRV, SPY Jul 26, 2021 08:03 PM

    Direxion Daily Real Estate Bull 3X Shrs (NYSEArca: DRN) was one of the biggest gainers among the ETFs on Monday. The fund surged 7.59% to close at $45.36.

  • After-Hours Update: RMBS, QEP Jul 26, 2021 08:01 PM

    Chip design firm Rambus Inc. (NASDAQ: RMBS) announced late Monday that it won its patent- infringement fight against Nvidia Corp. (NASDAQ: NVDA) and other companies.

More news


Advertisement

    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
XXXXXXXXXX AGNC$1.16
XXXXXXXXXX LVS$0.08
XXXXXXXXXX SNDK$0.87
XXXXXXXXXX APKT$0.13
XXXXXXXXXX CRUS$0.26
XXXXXXXXXX LCC$1.18
XXXXXXXXXX BAC$0.24
robertbig j JPM$0.71
XXXXXXXXXX GOOG$5.78
XXXXXXXXXX PENN$0.28