The president cited July 31, Commerce Department report showing that in the last few months the economy overall has done "measurably better than expected." Obama credited his $787 billion economic stimulus program for much of that progress.
Obama reminded the nation that full recovery will not happen overnight, but rather will take many more months.
"Even as we rescue this economy, we must work to rebuild it stronger than before," he said. "We've got to build a new foundation strong enough to withstand future economic storms and support lasting prosperity."
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