Related News
Obama says many months before US exits recession
Source: Agencies |
August 1, 2009, Saturday
|
Online Edition
Online Edition
US President Barack Obama warned today 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.
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.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
