Archive for August, 2009
Obama: ‘Spirit of innovation’ key to the future
Obama: As recession winds down, ‘spirit of innovation’ essential to future prosperity By Darlene Superville, Associated Press Writer WASHINGTON (AP) — Future economic prosperity depends on building a new, stronger foundation and recapturing the “spirit of innovation,” President Barack Obama says. “Innovation has been essential to our prosperity in the past, and it will be [...]
Obama Says U.S. Has ‘Many More Months’ Before Full Recovery
President Barack Obama said it will take “many more months” for the U.S. to fully recover from the recession as employers continue to shed jobs. By Nicholas Johnston, Bloomberg The president said in his weekly address on the radio and the Internet that yesterday’s government report on the gross domestic product showed the recession was [...]
Have we hit the bottom?
Experts vary in their opinions about whether the much smaller economic decline in the second quarter means the end of the recession. By David Goldman, CNNMoney.com staff writer Last Updated: August 1, 2009: 11:00 AM ET NEW YORK (CNNMoney.com) — A government report Friday showed that the economy is no longer falling off a cliff, [...]