Glimmers of Hope

President Obama said he sees glimmers of hope for the United States economy. He met with senior economic advisers in Washington on Friday, and he came out with an optimistic attitude.

Obama saw progress in efforts to stabilise the U.S. housing market, unlock stalled lending and aid the major banks in need of a bailout. He said that he still feels like there is a lot of work to do to fix the economy and that the recession has put severe stress on the economy.

Lawrence Summers, senior economic advisor to President Obama, was in attendance for the meeting in Washington. He sees an end to his recession coming soon. "I think we can be reasonably confident that that is going to end within the next few months, and we will no longer have that sense of a free fall," said Summers.

http://english.aljazeera.net/news/americas/2009/04/2009410173531595903.html

Steve Lyons
Journalism 311 student