Sign Up |  Login

     
 
Daily News |  Most Emailed |  Most Viewed |  Most Recommended |  Most Bookmarked                                  
 Home
Oddly Enough  
Politics  
Sports  
Business  
Life  
Technology  
Top News  
 Most Popular
News > Politics
Obama says many months before U.S. exits recession

"U.S. President Barack Obama holds a town hall meeting about healthcare in Virginia"
2009-08-01 10:53:13

WASHINGTON (Reuters) - President Barack Obama warned on Saturday it would take "many more months" for the United States to get out of recession even after GDP figures showed the economy shrank only modestly in the second quarter.

Obama, who has defended his young administration's economic policies in recent weeks in the face of worsening unemployment numbers, said jobless figures next week would still show that too many Americans were losing work.

"It will take many more months to fully dig ourselves out of a recession - a recession that we've now learned was even deeper than anyone thought," the president said in his weekly radio and Internet address.

"And when we receive our monthly job report next week, it is likely to show that we are continuing to lose far too many jobs in this country. As far as I'm concerned, we will not have a recovery as long as we keep losing jobs," he said.

(Reporting by Jeff Mason)

Average Rating
   Email This to a Friend            Print This News  

  Bookmark:  
   News Comments
No Comments found
    Would you like to comment?
     (Maximum characters: 5000)
     You have characters left.
    
    Security code:  
                        
                         Refresh Image
                          
   Recent News

Obama seeks to reassure Singh on U.S.-India ties
Obama seeks to reassure Singh on U.S.-India ties
Obama meets with top advisers on Afghan policy
Obama meets with advisers on Afghanistan
South Carolina governor faces ethics allegations
   Related News

Obama admin sees more U.S. stimulus hiring in 2010
Salazar blasts critics of U.S. energy policy
U.S. Chamber of Commerce urges Obama action on trade
U.S. lawmakers, Chinese exiles press Obama on rights
China attacks "biased" U.S. cyber-spying report
Page load time: 0.57039093971252 ms