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Obama: 2013 can be year of economic growth

A screen on the trading floor of the New York Stock Exchange, Friday, Feb. 1, 2013, shows the Dow Jones industrial average above 14,000 for the first time since October 2007. Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of Europe.(AP Photo/Richard Drew)

A screen on the trading floor of the New York Stock Exchange, Friday, Feb. 1, 2013, shows the Dow Jones industrial average above 14,000 for the first time since October 2007. Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of Europe.(AP Photo/Richard Drew)

President Barack Obama gestures as he speaks in the East Room of the White House in Washington, Friday, Feb. 1, 2013, before awarding the National Medal of Science and National Medal of Technology and Innovation to recipients at a ceremony. The awards are the highest honors bestowed by the United States Government upon scientists, engineers, and inventors. (AP Photo/Carolyn Kaster)

Graphic shows the U.S. monthly unemployment rate

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WASHINGTON (AP) — President Barack Obama says 2013 can be a year of solid economic growth, but only if Washington gets out of the way.

In his weekly radio and Internet address, Obama says there are signs of progress in real estate, manufacturing and job-creation.

But other signs are worrying. Unemployment ticked up from 7.8 percent in December to 7.9 percent in January. And the Commerce Department says the economy shrank at an annual rate of 0.1 percent in the final months of 2012.

Obama says the U.S. must lower health care costs and close tax loopholes for corporations and the wealthy.

In the Republican address, Rep. Susan Brooks of Indiana says Democrats must get serious about the nation’s spending problems. She’s calling on Senate Democrats to pass a budget.

___

Online:

Obama address: www.whitehouse.gov

GOP address: www.youtube.com/HouseConference

Associated Press


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