Jump to content
House Price Crash Forum
Sign in to follow this  

Obama Saturday Address: Economic Recovery Is Still Many Months Away

Recommended Posts

Obama says many months before U.S. exits recession


Posted 2009/08/01 at 6:53 am EDT

WASHINGTON, Aug. 1, 2009 (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)

Maybe Obama finally discovered Ticker Forum last night.

Share this post

Link to post
Share on other sites
Maybe Obama finally discovered Ticker Forum last night.

he is talking tosh!!!!

I seem to have picked up on a trait of the last couple of decades for left-handed presidents.

the italian for left is sinistra....(or sinister ).

he knows what he's doing alright,and it ain't to our benefit.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.