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article imageObama says there's hope for the US economy

By Jane Fazackarley     Apr 11, 2009 in World
President Barack Obama has spoken about the economy and says he is seeing "glimmers of hope" but at the same time also spoke of the difficulties still ahead.
President Obama was commenting after he had held a meeting with his team of economic advisers but warned there was still a lot of work left to do.
Mr Obama has said there will be more work to help the economy in the near future. The president said his advisers had, amongst other things, talked about how to steady the finance system and how the banks can rid themselves of toxic debt.
Also at the meeting were Treasury Secretary Timothy Geithner and Ben Bernake, the chief of the Federal Reserve.
President Obama pointed out the increase of loans to small businesses,tax cheques are being sent out and new money is being put in infrastructure and energy as reasons for his optimism.
President Obama had this to say:
"We're starting to see progress.
"If we stick with it, if we don't flinch in the face of some difficulties, then I feel absolutely convinced that we are going to get this economy back on track."
"And right now we're still seeing a lot of job losses, a lot of hardship, people finding themselves in some very difficult situations,"
"We still have a lot of work to do, and over the next several weeks you'll be seeing additional actions by the administration."
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