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Obama Says Recession Requires Scaling Back Promises (Update2)
Jan. 11 (Bloomberg) -- President-elect Barack Obama said reviving the U.S. economy will require scaling back on his campaign promises and personal sacrifice from all Americans. “I want to be realistic here, not everything that we talked about during the campaign are we going to be able to do on ...
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Barcepundit (English edition) — HASN'T EVEN BEEN SWORN IN, and he's already breaking his promises: : President-elect Barack Obama said reviving the U.S. economy will require scaling back on his campaign promises and personal sacrifice from all Americans. ...

Obama Says Sacrifice Needed to Fix Economy, Some Promises Must Be Delayed
Democratic Underground Latest Breaking News — ... and more prolonged recession without government action. Though some Democrats have resisted elements of Obama’s plan, recent economic data have helped him make his point. The Labor Department reported Jan. 9 that the U.S. lost almost 2.6 million jobs in 2008 and that the unemployment rate jumped to 7.2 percent in December, the highest level in almost 16 years. The losses were widespread, with manufacturers, builders, retailers and temporary-help agencies axing positions. Read more: http://www.bloomberg.com/apps/news?pid=20601087 ...

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