According to the US President, the economy of the country is reviving after the global economic meltdown.

Barack Obama - US Economy Is Recovering
Last Updated: 2009-07-23T13:16:45+05:30
PrintMailRecommend This Site
Barack Obama - US Economy Is Recovering
Barack Obama
Barack Obama
The US President, Barack Obama, has said that the country's struggling economy is on its way to recovery, but warned that the job market will be the last thing to return to normal.
In an evening press conference at the White House on Wednesday, Obama defended his own prescriptions for nursing the economy back to health and urged the US public to give his plans more time to work.
"We have been able to pull our economy back from the brink," Obama said in his opening remarks, noting that he inherited an economy mired in its worst recession in decades.
"I'll be honest with you - new hiring is always one of the last things to bounce back after a recession," he said.
While there have been signs that the US economy is improving, Obama's administration has faced growing unease as unemployment continues to rise by the hundreds of thousands. The jobless rate has hit 9.5% in June, its highest level in more than a quarter-century.

More news on:   • United States   • Barack Obama  

PrintMailRecommend This Site


See also: Ben Affleck  |  Benjamin Netanyahu  |  Bill Clinton  |  Bill Gates  |  Brad Pitt  |  Brett Lee  |  Bruce Willis  |  Bryan Adams  |  Chris Gayle  |  Clint Eastwood  |  Colin Farrell  |  Colin Firth


Indian Premier League

Latest News

More topics in World