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In Case You Missed It: Obama's Prepared Remarks to Los Angeles

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President Barack Obama spoke to a crowd of Angelenos today at the Miguel Contreras Learning Complex near downtown for over an hour. Before taking on questions by residents (we'll have info on that soon), he had some prepared remarks...

It’s always nice to get out of Washington for a little while and come to places like this - because the climate’s a lot nicer and so is the conversation. So I’m looking forward to taking your questions and hearing about your concerns - and I look forward to telling you about the work my Administration is doing to address them.

But one thing I don’t need to tell you is that these are challenging times. I don’t need to tell you this because you’re living it every day. Between December of last year and January of this year, this state lost more than half a million jobs, and one out of every ten Californians is now out of work. Housing prices here have fallen 20 percent in the past year, and you’ve got one of the highest foreclosure rates in the nation.

So I know times are tough - in Los Angeles, in California, and all across this country. But here’s what I want you to remember: we are going to meet these challenges, and we will come out on the other side a stronger and more prosperous nation. I can’t tell you how long it will take or what obstacles we will face along the way, but I can promise you this - there will be brighter days ahead.