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Barack Obama held a press conference to push his right to work and all new policies of the day in the United States, after

Hello:

, Barack Obama, called for an unusual news conference at 11 am ET to make another attempt to win the support of their work packagae, which faces a crucial test in the Senate next week.

Obama will undoubtedly face more questions from the media, including perhaps disastrous, "Fast and Furious", an operation that became a scandal, and the issuance of government bonds Solyndra manufacturers of solar energy.

perhaps even a question about events occupy Wall Street - and it will be interesting to see how Obama responds. But do not hold your breath: it is the body of the White House, after all

Obama speaks little in the East Room of the White House.

Meanwhile, Republican presidential candidates in the election campaign will continue - with the news that Sarah Palin will not join them. For most Republicans is a sigh of relief - but the remaining candidates are courting the support base, large or small, it can be

11:01

Obama enters and immediately begins with a statement on the bill of jobs, so if it was pushed by Congress and chiding Republicans for their lack of enthusiasm:

The reason to go across the country to talk about this bill is jobs, because people really need help now, our economy really needs a jolt in this time. This is not a game This is not the time of the normal political paralysis.

problem is that today's Europe could have a very real effect on our economy at a fragile moment. However, this employment law can help protect against a new crisis if the situation in Europe worse. This will stimulate economic growth, which will put people to work.

11:08

"I came out of my way - sometimes at my own risk and frustration of Democrats - to work with Republicans to find common ground to move this country, "Obama said, urging Republican lawmakers to support its Employment Act, saying all its provisions are those who have supported Republicans in the past:

Many people suffer in this country to do nothing. And the economy is too fragile to leave us in the way of political action.

11:10

The first question is from the Associated Press, asking questions about comments from Ben Bernanke that the U.S. economy. seems to have problems. Obama replied:

There is no doubt that growth has slowed. I think people were more optimistic earlier this year. But the combination of a tsunami Japanese, Arabic spring pushed up gas prices, and most prominently in Europe, I think it has made to businesses and consumers nervous.

Obama says the package of jobs could help the economy grow by 2%, creating 1.9 million jobs.

MSNBC Chruck

Todd asked about "millionaires tax" the call of 5.6% on income over $ 1 million being advanced by Democrats in the Senate, Obama said:

approach that the Senate is making me feel comfortable to deal with labor laws. We will still have to reform the tax code to ensure that we fill the gaps, the closure of special interest tax breaks, making sure that the very simple principle, which we call the rule of Warren Buffett , which is that millionaires and billionaires do not pay tax rates lower than that of normal families, which is in place.

So there will be more work done with respect to make our tax system fair and just to promote growth, but in terms of immediate action to get jobs this bill I am very well with the approach you take.

Not much to it. No? N º

11:19 Jackie Calmes

New York Times on Wall Street hold Askes. Obama said he understood and answered

think it expresses the frustration that the American people think was the greatest financial crisis since the Great Depression of the huge collateral damage across the country, through the main street, and yet you see always some of these same people who acted irresponsibly by trying to fight against efforts to end the abusive practices that got us into this mess in the first place.

So yes, I think people are frustrated and, you know, the protesters are giving voice to a wider on how the frustration of our financial system.

need a strong financial sector to grow, Obama said, citing its support for banks after the credit crisis struck. But:

But what I said is that for us to have a sound financial system, which requires banks and other financial institutions compete on the basis of better service and better products and the best deals, and can not compete on the basis of hidden fees, deceptive practices or, you know, derivatives cocktails that no one understands and explains the whole economy to enormous risks.

11:25

Now Obama beats Republican attempts to repeal the financial regulations that occurred after the financial crisis:

You

Republican presidential candidates, the main economic policy proposals is: "Get rid of financial reforms that are designed to prevent abuses that got us into this mess in the first place. "

It makes no sense for the American people. They are frustrated by it, and continue to be frustrated by this until the feeling that everyone plays the same set of rules and is honored by the responsibility and do the right thing instead of playing with the system.

I will fight every inch of the way here in Washington to ensure that we have a watchdog consumer who is the prevention of abusive practices by the financial sector.

11:28

Jake Tapper of ABC

New tracks deal with Wall Street, asking why the Obama administration has not been more aggressive in Wall Street wrongdoing process. (And keep track of the "Fast and Furious" and Solyndra, asking if Obama is concerned about the consequences.)

lot of what happened on Wall Street was not illegal, but it was "immoral or inappropriate or unwise. This is exactly what you need to Dodd-Frank, the prohibition of some of these practices "Obama said." You know, the financial sector is very creative and are always looking for ways to make money. "

In "Fast and Furious," Obama said he has full confidence in Attorney General Eric Holder, and the Department of Justice investigation into arms trafficking:

have made it very clear that I have full confidence in the title of the Attorney General of the way you manage your office. He was very aggressive in pursuing the execution of transactions in weapons and cash that go to these transnational drug cartels in Mexico. It was a lot of cooperation between the United States and Mexico on this front.

He said he was unaware of what was happening fast and furious. I certainly was not. And I think he and I would be very unfortunate if someone had suggested that the weapons were allowed to cross that could have been avoided by the United States of America.

In Solyndra, Obama defends government loans to "new technologies" and says the loan program is designed to help bridge the gap with China:

knew from the beginning that the loan guarantee program that would involve risk, by definition. If a proposal is safe, so I do not worry.

However, the total portfolio was a success. It allowed us to help companies, for example, start production of advanced batteries in the United States. He helped create jobs.

not going to be some companies that did not work -. Solyndra is one of them

11:34 Obama said he has confidence in the way decisions were made Solyndra - which involved 500 million U.S. dollar guarantees for solar panel manufacturers, who subsequently declared bankruptcy and has since been raided by the FBI.

"However, the process by which the decision was at the base, it was simple," said Obama

11:40

a fascinating question of the Office of Consumer Finance ... and now another question about Solyndra and the failure of "green jobs" ready to create real jobs, green or otherwise.

This comes from an article in the Washington Post, which has a great push-back for its flawed methodology of the White House.

Obama said that China subsidizes its green industries:

This is a problem ... is that other countries subsidize these industries far more aggressive than us. Hundreds of billions of dollars that the Chinese government invests in clean energy, in part because it provides what will happen in 10 or 20 years from now.

11:45:

Bill

Someone called asking if Obama is trying to copy Harry Truman and a race against time " do nothing Congress ", which makes the whole business of employment law at all about politics.

I do not

look forward to working with Republicans to pass this jobs bill, Obama said:

Republican And the answer was "No", but not a good reason why we are opposed to putting construction workers back to work or the teacher in the classroom.

Instead of creating jobs, the Republicans talk about repealing Regulations and scratching of the Environmental Protection Agency (EPA). "Do you think that the deletion of the EPA will create jobs immediately?" Obama wonders.

11:50

"If Congress does something, then you can not run against a" do nothing "Congress," at - concluded

That seems fair.

11:52

"The election is 13, 14 months for me as nothing more than not being there because we were in the field. see constructive action here in Washington, "Obama said in the political issue.

11:54

A question

super wonky on the project of the Chinese currency is currently in the Senate. According to Obama:

China has been very aggressive in the trading system of play to their advantage at the expense of other countries including the United States. And I said publicly, but privately, said the Chinese leaders.

and currency manipulation is an example of this - or at least intervene in currency markets so that its currency has led to lower market value than is normally dictate. And that makes their exports cheaper, which makes our exports more expensive.

is quite convincing. But it is well to give a hint about whether to sign the bill before the Congress of the currency now, but he says the project should not conflict with international treaty obligations of the United States:

do not want a situation where we pass laws that are symbolic, knowing that probably will not be confirmed by the World Trade Organization, for example, and suddenly are U.S. companies . UU. subject to a number of penalties.

a veto, then.

24:04:

an hour ago. Last question:

What should EU leaders to resolve the crisis of sovereign debt? They started too early austerity?

"The biggest headwind for the U.S. economy is now facing Europe," before embarking on a bold assertion that the response of U.S. liquidity credit crisis helped to keep U.S. banks, while the Europeans do not:

As frustrating as the financial sector was here in the United States after the collapse of Lehman [Brothers], the aggressive actions that were taken immediately after Lehman Brothers contributed to strengthening the financial sector and banking sector so that the -. Europe does not just go through

Mmm, not really the same set of problems he has to say.

Obama said he frequently talks with Merkel and Sarkozy, and think they are very aware of the dangers, but says some "technical problems" are on the road.

But they must act quickly. And we have a meeting of G-20 that comes in November. My hope is that at the time of the meeting of G-20 plan, which are very clear, concrete action which is sufficient for the task.

Europe also buy a thing or two from the United States, you know.