Obama: Reforms, Economy Are 'Moving In The Right Direction'

Obama: Reforms, Economy Are 'Moving In The Right Direction'.

In a town hall discussion broadcast live on CNBC Monday, President Barack Obama said the country's economy is "moving in the right direction" -- even if it doesn't feel that way.

Responding to questions from, in addition to the host John Harwood, a student, a Wall Streeter, a small business-owner and a self-described member of the middle class, the president acknowledged that "times are tough for everybody," but pointed to his record so far as president and asked the audience to trust in his agenda. "We went through the worst recession since the Great Depression," he said. "Those programs that we put in place worked. So now you've got a financial system that is stable. ...The challenge is that the hole was so deep."

The tough questions came near the beginning. The chief financial officer for a veterans service organization, who called herself a "middle-class American," said she was "exhausted of defending you" and "deeply disappointed with where we are right now."

WATCH a compilation of attendees' questions for President Obama:

"The life you describe, one of responsibility, looking after your family, contributing to your community, that's what we want to reward," Obama said in response. "I understand your frustration." He proceeded to list his administration's reforms on student loans, credit cards and "a whole host of things that we've put in place that do make your life better."

source : huffingtonpost.com

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