20 as the U.S. 44th president. "The need for us to act is now. It's never been more urgent," he said, warning that "Recovery won't happen overnight, and it's likely that, even with these measures, things will get worse before they get better." The U.S. economy, stuck by the current financial crisis, has been in a recession since December 2007. Many economists believe the current downtown will be the most severe since the Great Depression. Economists polled by Reuters expected the economy to contract at an annualized 4.3 percent in the last three months of the year
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