Liveblog: President Obama talks about the economy

By GottaLaff

Paraphrase: GDP reveals economy has done better than expected. Recovery Act is working. We inherited this mess.

I will not rest until every American who wants a job can find one. But we need job growth. Signs of stabilization. Eventually, businesses will grow/hire again. That's when it will feel like recovery. This won't happen overnight.

Inflated profits, maxed out credit cards won't cut it. (paraphrased) We need clean energy jobs...

Boosting economy includes Cash for Clunkers. There were skeptics about this. Happy to report it has succeeded beyond expectations: Increase in showroom traffic. Works so well, we're working to make sure funds won't be exhausted. Encouraging that Rs and Dems are trying to pass legislation today.

Thanks to quick bipartisan responses, we're doing what we can to continue the program. I'm guardedly optimistic about the direction the economy is going, but we have more work to do.

This administration won't rest until the movement we see on the business side will extend to families.