(Washington, Syndicated news) - Barack Obama said the U.S. economy is still growing, but slower growth than expected, and there is no panacea to solve the problem. He also said that in the past few weeks have been released bleak economic data early in the Government's anticipated.
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Obama accepted NBC (NBC) television interview, did not disclose the new proposals to stimulate the economy. cartier sunglasses However, he pointed out that the mid-term elections coming political struggle, will not pass any relevant measures.
However, he called on Congress to pass some of his existing proposals, including those aimed at stimulating provide loans for SMEs and to give these companies tax plan. In addition, he also encouraged investment in clean energy.
Obama said that the last few weeks a series of weak economic data, which had expected the government to do. He said: "The economy is still growing, but not fast enough."
Reported that Obama is facing a very difficult situation: he wants to eliminate the economic concerns of Americans, while ignoring the people's frustration should not appear. As the lack of slow economic growth and employment, American frustration with the economy growing. The current U.S. unemployment rate was 9.5%.
The Commerce Department revised data released last Friday showed the U.S. economy in the second quarter growth of 1.6% annual rate, which is below the initial estimate of 2.4%. In addition, the U.S. second-hand home sales fell to its lowest level in 15 years.
U.S. Federal Reserve Chairman Ben Bernanke said the Fed has prepared to take further measures to stimulate economic growth. If the U.S. economic slowdown is significant deterioration, and signs of deflation emerge, the Fed will once again consider the large-scale purchase of bonds, loans and other loans to lowering interest rates.
But some analysts believe that, given the current interest rates already at low levels, the Fed could take are quite limited.
The White House said earlier that Obama's 862 billion U.S. dollars launched by the Government (about 11 670 billion Singapore dollars) economic stimulus plan will not only save millions of jobs, but also to prevent further deterioration of the economic recession.
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