I feel so CONFIDENT! LOL :rolleyes:
Obama: Help coming for those facing economic pain
Associated Press - March 13, 2009 4:03 PM ET
WASHINGTON (AP) - President Barack Obama says he's confident if the nation focuses on all the fundamentally sound aspects of the economy, the U.S. is "going to get through this."
He says he's seeking a "post-bubble economic growth model," and that the days of an economy ballooning because of an "overheated housing market or people maxing out on their credit cards" are over.
Obama is working to reassure Americans struggling through the financial meltdown that his government is on a daily campaign to get credit flowing and build a long-term recovery.
Obama made the comments after meeting with his economic adviser Paul Volcker.
The president's cautious optimism comes after National Economic Council Director Lawrence Summers said an "excess of fear" is dominating the economy. Summers says people need to snap out of the mind-set to get the economy back on track.
Obama: Help coming for those facing economic pain
Associated Press - March 13, 2009 4:03 PM ET
WASHINGTON (AP) - President Barack Obama says he's confident if the nation focuses on all the fundamentally sound aspects of the economy, the U.S. is "going to get through this."
He says he's seeking a "post-bubble economic growth model," and that the days of an economy ballooning because of an "overheated housing market or people maxing out on their credit cards" are over.
Obama is working to reassure Americans struggling through the financial meltdown that his government is on a daily campaign to get credit flowing and build a long-term recovery.
Obama made the comments after meeting with his economic adviser Paul Volcker.
The president's cautious optimism comes after National Economic Council Director Lawrence Summers said an "excess of fear" is dominating the economy. Summers says people need to snap out of the mind-set to get the economy back on track.
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