Obama said things were picking up today…

clipped from www.reuters.com
President Barack Obama said on Saturday this week’s positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.
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But he cautioned in his weekly radio address to Americans that “we have a long way to go before we return to prosperity” and more job losses were likely in coming days.

The U.S. unemployment rate remains stubbornly high at 9.8 percent, despite a $787 billion economic stimulus that Obama and his fellow Democrats, who control Congress, pushed through in February.

But new data this week showing the U.S. economy growing in the third quarter for the first time in more than a year, signaling the end of the worst recession in 70 years, was good news for the Obama administration.

“Now, economic growth is no substitute for job growth,” Obama stressed in his radio address. “But we will not create the jobs we need unless the economy is growing.”

Obama said overall the stimulus had created or saved more than one million jobs.

  blog it
I’m glad to hear all of this… although I’m still without a job and very much in need of a new freelance client. However, slow as it may be, things are getting better and my confidence in Obama is intact.
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About btchakir

Retired Theatre Producer, Graphic Designer, Usability Tester and General Troubleshooter with a keen interest in Politics and The Stage. Currently heard on WSHC, 89.7 FM (on line at www.897wshc.org) and occasionally dabbling in Community Theatre.

Posted on October 31, 2009, in Economics, editorial, Opinion, Politics, President Obama, Word from Bill and tagged , , , . Bookmark the permalink. Comments Off.

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