Obama Reacts to Market Rally

The Land of Lincolner says the nearly 1,000-point rally shows emergency measures are helping to "restore confidence in our markets."

But adds: "...We have barely even begun to solve the crisis facing middle-class families struggling to pay their bills and stay in their homes...." Read full statement.

Comments come after the Dow makes a giant leap Monday, snapping an 8-day losing streak.

General Motors' stock jumps 33%, as countries around the world step up efforts to ease the credit crunch.