Barack Obama: The worst is yet to come for the U.S. economy

Barack Obama: The worst is yet to come for the U.S. economy
# 06 December 2008 09:13 (UTC +04:00)
The U.S. economy may be headed for its deepest and longest recession since World War II as mounting job losses take their toll on consumer confidence and spending.
"There are no quick or easy fixes to this crisis, which has been many years in the making, and it’s likely to get worse before it gets better," Obama said in a statement.
"But now is the time to respond with urgent resolve to put people back to work and get our economy moving again," he said.
Employers cut payrolls last month at the fastest pace in 34 years as the unemployment rate rose to 6.7 percent, the highest level since 1993. The 533,000 drop brought cumulative job losses this year to 1.91 million, the Labor Department said yesterday in Washington.
#
#

THE OPERATION IS BEING PERFORMED