US President Barack Obama US President Barack Obama says America is witnessing its worst economic downturn since the Great Depression of the 1930s, and blamed political wrangling for the worsening of the crisis. “There is no doubt that we have gone through an extraordinary period in world history. We had the worst recession since the 1930s here in the United States,” Obama said in an interview... 

by James Buchanan A recent Reuters article reports “The U.S. recession is set to end ’soon,’ but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed. The survey of 45 professional forecasters released by the National Association of Business Economists (NABE) on Wednesday found almost...