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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Obama: Recovery Will Take 'Years'

President Obama, addressing the Business Council -- a group of chief executives -- in Washington moments ago, said, "Our recovery likely will be measured in years, not months."

The president said that addressing the financial sector crisis is the key to the economic recovery.

Obama lauded the "innovation" and "hard-headed," pragmatic management style of the business leaders, saying it should be emulated in government.

"My door will always be open to you," Obama said.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  February 13, 2009; 11:12 AM ET
Categories:  The Ticker  | Tags: Obama, business leaders, chief executives  
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