President Obama did a victory lap of sorts today, trumpeting three new laws approved this week that will help "repair the damage to our economy from this recession:" New financial firm regulations, an anti-government waste initiative, and an extension of unemployment benefits."We made enormous progress this week on Wall Street reform, on making sure that we're eliminating waste and abuse in government, and in providing immediate assistance to people who are out there looking for work," Obama said during brief remarks at the White House.
The president went on to urge Congress to pass a new loan program for small business owners so they can hire more people. "Our goal is to make sure that people who are looking for a job can find a job," said Obama, who is currently coping with an unemployment rate of 9.5%.
Senate Republicans, meanwhile, had a different interpretation of Obama's domestic program, saying it has actually slowed economic recovery.
"For more than a year and a half, the President and his Democrat allies on Capitol Hill have pushed an anti-business, anti-jobs agenda on the American people in the form of one massive government intrusion after another," said Senate Minority Leader Mitch McConnell, R-Ky.
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