President Says Economy Will Get Worse

Posted on June 23, 2009

Raw Story reports that President Obama warned in a news conference that the economy will get worse and unemployment will climb over 10%.

Obama says, ""We're still not at actual recovery yet. So I anticipate that this is going to be a difficult, difficult year. "I think it's pretty clear now that unemployment will end up going over 10 percent."

The World Bank has also become more pessimistic about the economy. In an indication of how much stress the President is under, he also admitted that he still occasionally falls "off the wagon" in his quest to quit smoking. The President also acknowledged his battle with cigarettes when he spoke before signing the bill to regulate tobacco.