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Recession has left huge hole: Obama

US President Barack Obama said Friday the "hole" left by the worst recession in decades was "huge" and admitted the recovery had been "painfully slow," but vowed his policies were working.

US President Barack Obama, seen here addressing the press at the White House, said Friday the "hole" left by the worst recession in decades was "huge" and admitted the recovery had been "painfully slow," but vowed his policies were working.

Obama appeared at a White House news conference designed to showcase his recovery plans and shore up his political standing ahead of November's mid-term elections in which his Democrats face a Republican wave.

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Writer: AFP News agency
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Your comments

  • Pointman #2

    Discussion 3 : 11/09/2010 at 07:56 AM3

    The recession in the USA, was caused by huge trade deficits. The only way to fix the problem is to rewrite all trade policy and level the playing field on trade. You can't run huge trade deficits and expect to have budget surpluses, or a low unemployment rate.

    If half the money spent in Iraq, and Afghanistan, had of been spent building American highways, bridges and airports, we wouldn't have had an economic problem. In fact, some of those bridges could have been layered in Gold.

    I'm a little, shocked President Obama talked about rebuilding America, and it all turned out to be nothing more then political lip-service.

    When we learn to look inward, not outward, and stop getting up in the morning concered about Joe the rag-picker overseas, only then will we recover as a great nation and once again become a surging economy.

  • Pointman #2

    Discussion 2 : 11/09/2010 at 07:41 AM2

    Disc 1, To fat: Although your English is awful and your spelling is incorrect, i.e., "TOO FAT," I would like to respond.

    First of all the United States, makes the world's best food products. The problem is, Americans eat too much of the wrong food, mainly saturated fat.

    You're right on, regarding most, American females. No doubt, South Korean women are the prettiest and most-shapely in the world, followed by Chinese and Thai women.

    US Drones are taking a heavy toll on terrorists and that will continue until there are no rugheads left.

  • To fat

    Discussion 1 : 11/09/2010 at 02:20 AM1

    I do not understand that Al Qaeda thing.. Nestlé, Bruce, Dole and some other fat cats in the USA food industry. Kills more American every year than a nuclear (bomb) device would have. USA is a nation obese to the extent that most females in USA can give birth the natural way.

    If the rugheads in Al Qaeda could get Americans on the run it would probably save more lives than Al Qaeda can take.

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