ARLINGTON, VA -- President Obama noted the lackluster April jobs report pegging the nation's unemployment rate at 8.1 percent at a high school here in suburban Washignton before pivoting to speak about student loan interest rates.
He characterized as “good news” the fact that the unemployment “ticked down again” from 8.2 to 8.1 percent, but added that his administration still has more work to do.
“After the worst economic crisis since the great depression our businesses have now created more than 4.2 million new jobs over the last 26 months. More than 1 million jobs in the last 6 months alone. So that's the good news, but there's still a lot of folks out of work, which means we have to do more," Obama said.
He said that one of the things the government could do to help the economy was keep interest rates on federal Stafford student college loans from spiking from 3.4 percent to 6.8 percent in July.
“Congress also has to do its part. Right now that means preventing the interest of student loans from doubling which would make it harder for you to pay for college next year.”
He also criticized House Republicans who passed a bill last week that would have paid for an extension of the low student loan rates by taking money out of a women’s preventive care fund established through the health care reform law.
“House Republicans are saying they’re only going to prevent these rates from doubling if they can cut things like preventive health for women instead,” he said.
Obama encouraged the students to take to social networks like Facebook and Twitter to pressure their members of Congress to vote to keep rates down.
“I want you to send a message to Congress. Tell them don’t double my rate. You should call them, you should email them, write on their Facebook page, Tweet them… teach your parents how to tweet,” he joked.
The president’s visit to the Washington-Lee High School in the D.C. suburbs was his first of two trips to the crucial swing state of Virginia in as many days.


Carbon restrictions on coal emissions are stupid because every thing emits carbon,we could not live with out carbon. If the earth warmed a few degress so what ,it did once during the 900 to the 1300's and life improved. Wind power is not profitable it cost more to maintain wind turbines than energy they produce. Stop with the regulations that are killing businesses in our country.
Really dumb as@ reply
After reading your replies it seems as if you, black1520, are the dumb as@. I mean if all you have to argue with is calling someone a dumb as@ you have already lost the debate.
Obamo saved one job that I know of his brother-in-law for 17mil
what about his brother in laws job 17 mil
It is obvious to even the most whacked out libbies that Obama doesn't have a clue about anything economic.
The best damage control for the next six months would be to just have Obama and Moochelle stay on vacation. Much cheaper for the rest of us in the long run.
Romney 2012.
Every jobs bill that the administration has introduced, no matter how traditional and how historically bipartisan, Republicans have either defeated or refused to report out of committee. They wish Obama to fail by being the biggest failure as a political party in Congress in memorable history. For the past year and one-half, what Obama accomplished was by executive order.
The greatest enemy of our government within U.S. borders is the Republican Party and its various extremist and government looting partners.
Obama has produced exactly TWO (2) "jobs" bills. Both of which were so thin on details as to make them worthless. The democrats in the Senate can't even be bothered to write a budget much less a jobs bill. Meanwhile the House has written, passed and sent to the Senate TWENTY-SEVEN (27) jobs bills (which Harry Reid won't bring to the floor for discussion... much less a vote.)
Please name those job bills and the democratic Senators and Representatives that back them.
Oh yeah, more $Trillion dollar spending boondoggles... the only thing shovel-ready about this admin is what Obozo is shoveling.... BS!
Please Mr. President, don't do anything else to "fix" the problem with unemployment...you've done quite enough already, thank you!