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Monday, December 08, 2008

Obama warns economy will get even worse

Obama warns economy will get even worse

U.S. ‘fragility’ tied to worldwide financial crisis, president-elect says

CHICAGO - The economic recession will get
significantly worse before it starts to improve, President-elect Barack
Obama said, seeking in an interview broadcast Sunday to tamp down
expectations as he prepares to assume the presidency in 44 days.

“If you look at
the unemployment numbers ... the fragility of the financial system and
the fact that it’s an international system,” the recession “is a big
problem, and it’s going to get worse,” Obama told NBC News’ Tom Brokaw
on Saturday. The interview aired Sunday on NBC’s “Meet the Press.”




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