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President Obama sought to reassure a jittery American public yesterday that the troubled US economy is back on track.
In a live TV question-and-answer session at the White House, Mr Obama declared signs of progress as his administration attacks the crisis ‘on all fronts.’
Desperate to draw attention away from the firestorm over multi-million pound bonuses paid out by bailed-out AIG, the president insisted: ‘We will recover from this recession.’
‘There will be no ‘quick fixes and no silver bullets. It will take time, it will take patience and it will take an understanding that when we all work together – when each of us looks beyond our own short-term interests to the wider set of obligations we have to each other – that’s when we succeed.’