Tags: Barack Obama | Economic- Crisis | BUD | BUSINESS | CA | COS | DCAA

Obama : Housing Market Is ‘Biggest Drag’ on U.S. Economy

Wednesday, 20 Apr 2011 06:57 PM

 

President Barack Obama said the U.S. housing market is “probably the biggest drag” on the nation’s economy.

Obama said it’s crucial to get the housing industry out of its economic slump so “people will have more confidence, will spend more, more people will get hired and overall, the economy will improve.”

“It’s still tough out there,” Obama said at a town hall discussion at the headquarters of Facebook Inc., in Palo Alto, California. “It’s getting better in some areas.”

The president is at the start of a three-day, cross-country trip to promote his policies to reduce the nation’s budget deficit.

 

© Copyright 2015 Bloomberg News. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

McCain: 'I Will Not Stand for Cowards and Bullies'

Saturday, 31 Jan 2015 19:23 PM

Sen. John McCain, who threatened to have Code Pink protesters arrested as they confronted 91-year-old former Secretary o . . .

KT McFarland: Raise $200 Million 'Bounty' to Kill Terrorists

Saturday, 31 Jan 2015 18:33 PM

The reported beheading of Japanese journalist Kenji Goto means it's time to seize the momentum in dealing with terrori . . .

Rep. Ed Royce: Keep Gitmo Open Until War With Taliban Ends

Saturday, 31 Jan 2015 17:20 PM

The Guantanamo Bay prison should remain open until the struggle with the Taliban is over, Rep. Ed Royce, who chairs the  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved