(Washington, DC) -- President Obama is marking the five year anniversary of the start of the U.S. financial crisis.
The 2008 Wall Street meltdown prompted the deep recession. In a speech at the White House, the President called the crisis a gut punch to the struggling middle class. After he took office in early 2009, Obama said quick and aggressive action prevented another Great Depression.
He cited continued progress in the economic recovery and said much more needs to be done. The President said, quote, "We are not where we need to be."