US businesses created 2.2 million jobs last year: Obama
Washington: Stating that businesses in America created 2. 2 million jobs last year, US President Barack Obama today said the Congress should work together on a balanced approach to reduce deficit and promote economic growth and job creation.
In his weekly address to the nation, Obama said the countrys economy was poised to expand in 2013 "if Washington politics doesnt get in the way".
He said this year began with economists and business leaders saying the country was poised to grow in 2013.
"And there are real signs of progress: Home prices are starting to climb again. Car sales are at a five-year high.
Manufacturing is roaring back.
"Our businesses created 2. 2 million jobs last year.And we just learned that our economy created more jobs over the last few months than economists originally thought," Obama said in his web and radio address.
He said this week the country also received its first estimate of Americas economic growth over the last few months.
"And it reminded us that bad decisions in Washington can get in the way of our economic progress," he said.
"We all agree that its critical to cut unnecessary spending. But we cant just cut our way to prosperity. It hasnt worked in the past, and it wont work today.
"It could slow down our recovery. It could weaken our economy. And it could cost us jobs now, and in the future," Obama said.