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Obama Warns Congress Not to Imperil Economy

Obama and his allies have for a long time said that the administration’s actions in early 2009, while extremely unpopular, were critical to holding off a worse collapse.

Those include the decision to support President George W. Bush’s bailout of Wall Street, his own bailout for the auto industry and the passage of the economic stimulus program.

But while the unemployment rate has fallen to 7.3 percent, down from a high of 10.1 percent in late 2009, millions of Americans are still struggling to find a job, and millions more are working for low wage or part-time jobs and having trouble making ends meet.