Obama expects the economy to worsen

But the president-elect tempers the dire assessment with a dose of optimism: 'We can emerge leaner, meaner and . . . more prosperous.' > President-elect Barack Obama warned Sunday that the nation's economic problems were "going to get worse before they get better," pointing to the fragility of the financial system and to recent numbers showing the U.S. with its highest unemployment rate in 15 years. (link)