Obama reassures Americans of future

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Source: CCTV.com | 03-25-2009 13:45

US President Barack Obama has reassured Americans that his policies will lift the United States out of recession.

Domestic issues dominated a nationally-televised news conference held Tuesday night at the White House.

U.S. President Barack Obama delivers a speech during his second prime time news conference at the White House in Washington, March 24, 2009.(Xinhua/Zhang Yan)

Obama used the occasion to garner more support for his economic programs.

In his opening remarks at the news conference, Obama told the nation that his administration's economic stimulus policies are already taking effect.

He said jobs are being created because of massive government investment and the US is beginning to see signs of increasing sales and stabilizing housing prices for the first time in a long time.

Barack Obama, US President, said, "The most critical part of our strategy is to ensure that we do not return to an economic cycle of bubble and bust in this country. We know that an economy build on reckless speculation, inflated home prices and maxed-out credit cards does not create lasting wealth."