Donnerstag, 6. Oktober 2011

Obama Casts Jobs Bill As Recession Insurance

WASHINGTON - President Barack Obama on Thursday cast his jobs bill as insurance against a double-dip recession and urged Congress to pass the measure swiftly. "If we don't take action, we could end up having more significant problems than we have now," Obama said at a news conference. Obama said the European debt crisis posed a serious threat to the recovery. "The problems Europe is having today could have a very real effect on our economy at a time when it is already fragile," Obama said. "The proposals in this bill are not just random investments to create make-work jobs. They are steps we have to take if we want to build an economy that lasts," he said.

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