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President Obama: Economy on bumpy ‘road to recovery’
Posted By Matt Ryan On June 4, 2011 @ 6:41 am In Economic Crisis | Comments Disabled
June 4, 2011
President Barack Obama on Friday told workers at a Chrysler plant in Toledo, Ohio, that the economy is on a bumpy “road to recovery,” hours after the release of a lackluster jobs report.
“This economy took a big hit,” Obama said. “Just like if you have a bad illness … it’s going to take a while for you to mend, and that’s what’s happening to our economy.”
Without mentioning the Labor Department’s May jobs report that showed the unemployment rate increasing from 9 percent to 9.1 percent, Obama said the economy has faced “headwinds” in recent months, including rising gas prices, the earthquake in Japan and instability in the Middle East.
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