In obama's weekly radio speech,he said the stimulus plan "was not designed to work in four months,it was designed to work over two years".He predicted that the stimulus would have a bigger impact on the conomy later this year.
The ongoing recession and further steep job losses are wearing away the patience of Americans and raising doubts about Obama's handling of the economy.The unemployment rate soared to 9.5 percent in June, the highest level since 1983 and above the 8 percent peak predicted by the White House when it worked with Congress to pass the package. Republicans say the stimulus plan is not working.
U.S. Treasury Secretary Timothy Geithner said it was too soon to decide whether the U.S. economy would need the help of a second round of government stimulus to recover from recession."I don't think that's a judgment we need to make now, can't really make it now prudently, responsibly," Geithner said in a taped interview with CNN that will air on Sunday.
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