Carney: Economy Has "Vastly Improved" Since Obama Was Sworn In
White House Press Secretary Jay Carney: "Well, two things remain uncontestably true. The economy is vastly improved from what it was when Barack Obama was sworn into office as president. We were in economic free-fall. There were predictions that we were headed to the second Great Depression. We were losing up to, over 700,000 jobs a month, we were contracting at greater than 6 percent -- our economy was. So, the economy has improved. It has not improved enough.
"Well, there's no question that we face headwinds, and the president has been very direct about that. And we need to do everything we can, across the front, to ensure we're doing what we can to spur growth, spur job creation."