Barack Obama predicted the unemployment rate at 10% and criticized Wall Street

By admin at 21 June, 2009, 5:25 pm

U.S. President Barack Obama is uncomplimentary words to the Wall Street forecast, and unemployment at 10%, even in the face of economic recovery, reports Bloomberg.

Apparently, the Wall Street more than a short memory about how close we came to the abyss, I was expecting another - said Obama, responding to criticism of his government, which is playing an increasingly prominent role in the U.S. economy.

Obama, on the eve of the announcement of its plan to change the regulation of financial markets expressed confidence that the economy begins to recover as soon as possible. The leader warned the United States on the need for high growth rates that are required to curb the budget deficit without raising taxes for most Americans.

According to Obama, unemployment will only increase. With the current maximum level for 25 years at 9.4% - up to 10%, as employers have been slow to hire new workers. At the same time, the president praised the U.S. Federal Reserve head Ben Bernanke, for his role in the fight against financial crisis. Bernanke has done an extraordinary job in extraordinary circumstances, - said Obama, refusing to comment on the appointment of Bernanke for another 4-year term at the head of the Federal Reserve.

With regard to market of derivatives, the leader in the United States sees great danger to the economy, and intends to make it transparent. Financial discipline also plays an important country, as many investors around the world hold the debt gosobligatsii United States.

of increasing the tax burden for most residents of the U.S. is still open. This probability increases with the weak growth of the economy with a huge budget deficit. In doing so, Obama promised to fulfill his electoral program for the tax cuts for 95% of working Americans. U.S. President prefers to reduce the cost of medicine and raise taxes for the rich.

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