Friday, August 28, 2009
Wednesday, August 26, 2009
Tuesday, August 18, 2009
- We think that the economy has stopped getting worse.
- We do not think that every single thing in the economy has stopped deteriorating but that enough is improving to put the weight of the economy more on the side of growth.
- We do not think that everything is 'just fine.'
- We do expect improvement to continue.
- Those thoughts do not make us a wild bunch. Some us think recovery will be strong and some do not. We all think recession is over. That's our commonality.
Monday, August 10, 2009
Monday, August 3, 2009
Sunday, August 2, 2009
"It will take many more months to fully dig ourselves out of a recession - a recession that we've now learned was even deeper than anyone thought," the president said in his weekly radio and Internet address.
"And when we receive our monthly job report next week, it is likely to show that we are continuing to lose far too many jobs in this country. As far as I'm concerned, we will not have a recovery as long as we keep losing jobs."
"Historically, increased hiring typically lags increases in output, so it's going to take time before you see it ... in the employment statistics," White House economic adviser Lawrence Summers told NBC's "Meet the Press."