Obama: "We've rescued our economy from catastrophe."

Jillian Bandes | August 07, 2009 1:35 PM

Obama continued to make his case for why his $787 billion economic stimulus was working in a live press conference that broke the recovery plan into three parts. A third of the money has been for tax relief, he said, claiming that he has kept his promise that 95% of working families had not and will not see their taxes raised. A third of the money went to welfare, or "emergency relief for folks who have born the brunt of this recession." And a third went to public spending, or "vital investments that are putting people back to work today."

As we begin to put an end to this recession, we have to consider whats next...we cant return to an economy based on maxed out credit cards.

Obama and his administration have launched a series of press events in several states as his poll numbers have been slipping.