Wednesday, April 15, 2009

Obama: Economic message

Obama’s message on the economy: Trust me

Christian Science Monitor — Trust me, we’ve got a strategy. This whole thing fits together. Even the parts you don’t like.
In essence, that’s what President Obama appeared to be trying to convey to US voters in an unusually long and detailed address on the economic actions of his first 75 days in office, delivered at Georgetown University Tuesday.
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Economy moving from recession to recovery: Obama

The Hindu — President Barack Obama on Tuesday said efforts to take the economy from "recession to recovery" are "starting to work", although there was more work to be done to restore growth.
The steps taken to re-capitalise banks, strengthen the housing market and rescue the auto sector were "necessary pieces of the recovery puzzle", he said in an address at Georgetown University in Washington.
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Barack Obama's economic optimism falls on deaf ears

Telegraph UK — President Barack Obama spoke of seeing "glimmers of hope" in the economic outlook for the first time since the current downturn began, while Federal Reserve chairman Ben Bernanke said he was witnessing "tentative signs that the sharp decline in economic activity may be slowing".
But the pair's comments, coming on the same day as worse-than-expected retail sales and inflation figures, did little to revive investors. The Dow Jones Industrial Average index traded down 137.63 points at 7920.18 on Wall Street.
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