Archive for Sunday, November 1, 2009
Obama: Difficult days ahead with jobs outlook
November 1, 2009
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Washington — President Barack Obama on Saturday tempered excitement about a growing economy with a sober outlook that more people will lose their jobs. He called that a heartbreaking reality and cautioned that even a burst of upbeat news “does not mean there won’t be difficult days ahead.”
Obama’s straddle served to set expectations for a nation emerging from recession but anxious for an economic security that has not nearly returned.
The good news of the week: The economy is on the rise for the first time in more than a year. From July through September the economy grew by 3.5 percent, the strongest uptick in two years.
“While we have a long way to go before we return to prosperity, and there will undoubtedly be ups and downs along the road, it’s also true that we’ve come a long way,” Obama said in his weekly radio and Internet address.
Yet the economic indicator that matters most to the majority of families — stable, solid employment — is still lagging.
Unemployment hit a 26-year high of 9.8 percent in September, and the October report due in the coming week could show it topping 10 percent.
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1 November 2009
at 8:38 a.m.
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canyon_wren (Anonymous) says…
Another brilliant deduction by the Great One! What an amazing mind!
1 November 2009
at 8:48 a.m.
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ComradeRedRooster (Anonymous) says…
It is not Obama's fault, it is America's fault. Barak is never wrong so it must be us. We are the problem. Thank Gaia we have socialists in charge. They ran eastern europe efficiently for 70 years.