"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."
(CONTINUED HERE)
Monday, August 3, 2009
"Obama says many months before U.S. exits recession," Reuters, August 1, 2009
Posted by
Clifford J. Wirth, Ph.D., Professor Emeritus, University of New Hampshire
at
Monday, August 03, 2009
Labels:
economic depression,
employment,
unemployment
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1 comment:
"Many more months"?! What a master of understatement! Truth is, the days of wine, roses, and economic growth are over. From here on, it's debt defaults, contraction, and chaos.
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