As Obama starts to take questions, the first concern reporters bring up is what to do about banks, and especially insurance company AIG, and their bonuses and corrupt lending. The president advises Americans to be patient with restructuring and assures them that lending practices will get strict requirements.
"Folks are sacrificing left and right. Workers cut an entire days' worth of pay so that an employee doesn't get laid off," Obama said to a reporter who asked why Americans haven't been asked to make sacrifices.
Our economy's growth comes mostly from the financial sector. If the risks investors take are in products that are useful and relevant to the American people, then this is the model the government will want to follow. Obama adds that the steps they are taking "will stabilize the economy and get it moving again." He asks that families continue with their normal routines, but also that they contribute to their communities and stay up-to-date on what is going on in Washington.
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