'Glimmers' of Economic Hope, But Work's Not Done: Obama

By Harry Kimball, Newser Staff

Posted Apr 10, 2009 1:32 PM CDT

(Newser) – After a meeting today with the administration's top economic officials, President Obama said he’s starting to see “glimmers of hope,” Bloomberg reports. The president noted that government loans to small business are up but cautioned, “We’ve still got a lot of work to do.” Factory orders are up for the first time since July and home buying continues to rise, but unemployment is expected to continue to climb.

“The economy’s still under severe stress,” the president said, “and obviously during these holidays we have to keep in mind that whatever we do ultimately has to translate into economic growth, and jobs, and rising incomes for the American people.”

President Barack Obama and his economic advisors in the Roosevelt Room of the White House. (AP Photo)

President Barack Obama and Federal Reserve Chairman Ben Bernanke. (AP Photo)

President Barack Obama accompanied by his economic advisers. (AP Photo)

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OTHER STORIES ON OUR RADAR

recession • unemployment • economic stimulus package • Obama administration • President Obama • economic downturn • factory orders • government loans

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

US Drones Return to Hit Rescuers, Funerals

Strikes occurring every 4 days under Obama: report

Which Path for Obama— Reagan or Bush the Elder?

Economy could propel him to re-election, or doom him

Geithner: Obama Won't Ask Me to Stay

Treasury secretary says he's done after election

Obama Losing Super PAC War

...because he's not terribly interested in fighting it

Obama Critics: Really So 'Dumb'?

Conservatives react to Andrew Sullivan's article

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Newser By Users

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