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OBAMA says "Europe crisis starting to cast a shadow on U.S. economy"

 
Anonymous Coward
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06/01/2012 04:26 PM
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OBAMA says "Europe crisis starting to cast a shadow on U.S. economy"
Obama : Europe Crisis Starting To Cast Shadow On US Economy



by Brai Odion-Esene


WASHINGTON (MNI) - President Barack Obama on Friday said the raging sovereign debt and banking crisis in the euro area is beginning to seep across the Atlantic and "cast a shadow" on the U.S. economy.

"Our economy is still facing some serious headwinds," Obama said in remarks at the Honeywell Golden Valley Facility in Golden Valley, Minnesota, where he renewed calls for Congress to act on his "To Do List" to aid growth.

He pointed to the spike in gasoline prices a few months ago, which -- although now on a downward trend -- "are still hitting people's wallets pretty hard."

And more recently, the crisis in the eurozone "is having an impact worldwide and is starting to cast a shadow on our own as well," Obama said.

The economy is growing again "but it's not growing as fast as we want it to grow," the president said.

The Bureau of Labor Statistics Friday reported that private businesses added 82,000 jobs last month, and overall non-farm payroll employment rose by 69,000. The unemployment rate saw a slight increase from 8.1% in April to 8.2% in May.

Obama said the May employment data underlined that the economy is still not creating jobs "as fast as we want."

[link to mninews.deutsche-boerse.com (secure)]
Anonymous Coward
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06/01/2012 04:31 PM
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Re: OBAMA says "Europe crisis starting to cast a shadow on U.S. economy"
Who can print the most money?

That's the winner!
Anonymous Coward
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06/01/2012 04:33 PM
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Re: OBAMA says "Europe crisis starting to cast a shadow on U.S. economy"
Obama says Bush's fault
Anonymous Coward
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06/01/2012 04:56 PM
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Re: OBAMA says "Europe crisis starting to cast a shadow on U.S. economy"
here we go'' the blame game '' ...never mind that they are all in on it together...

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