Obama Cites Good Signs on Economy

[Harry Hope]

"As I've said many times, it took years to dig our way into the crisis
we've faced. It will take more than a few months to dig our way out.
But make no mistake: that's exactly what we will do," the president
said.

From The Wall Street Journal, 10/31/09:
http://online.wsj.com/article/SB125698362827520693.html

Obama Cites Good Signs on Economy

By JUDITH BURNS

WASHINGTON --

U.S. President Barack Obama said the nation's economy seems to be
moving in the right direction, helped by a $787 billion stimulus
package he signed into law early this year.

The Commerce Department announced this week that the U.S. economy grew
3.5% in the third quarter, after a year of contraction.

In his weekly radio address, the president called the results "a good
sign," and evidence that steps taken by his administration are
"blunting the worst of this recession and helping to bring about its
conclusion."

A new report on the economic stimulus act, also issued this week,
shows it created and saved more than one million jobs, the president
added.

However, he cautioned that despite signs of a turnaround, the U.S. has
a long way to go before it returns to prosperity and likely will see
further job losses ahead.

"As I've said many times, it took years to dig our way into the crisis
we've faced. It will take more than a few months to dig our way out.
But make no mistake: that's exactly what we will do," the president
said.

___________________________________________________

Harry