Originally published by the Voice of America (www.voanews.com).
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January 30, 2009

Obama: Economy is a 'Continuing Disaster'
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http://enews.voanews.com/t?ctl=21F33C3:A6F02AD83191E1608B77BCC850C4E1DE70AD7039DCD7B7E4&
 
President says 'time for action is now', calls on Senate to quickly pass
stimulus plan 
President Barack Obama gestures as he speaks about Middle Class Working
Families Task Force, 30 Jan 2009President Barack Obama says the
shrinking U.S. economy is a "continuing disaster" for middle class
working families in America. He
spoke Friday after a government report showed the U.S. economy shrank
at a 3.8 percent pace during the last three months of
2008.Mr. Obama said the "time for action is now" and called on
the Senate to quickly pass the proposed $800 billion stimulus
plan that has already cleared the U.S. House of Representatives. A top
White House economic advisor says the recession has spread through the
entire economy. Economists
say the gross domestic product declined because worried consumers cut
spending and businesses slashed jobs and investment. These are the
worst growth figures in a quarter of a century. Some information for
this report was provided by AFP, AP and Reuters.


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