WASHINGTON (Reuters) - President Barack Obama said
in an interview aired Monday that the U.S. economy must grow
faster and that unemployment is a "huge problem."
"We've got to keep on growing faster than we're currently
growing," he said in a CBS interview taped Friday and aired on
the "Early Show." "We've got to make sure that we deal with the
long-term unemployment that's out there which is a huge
U.S. economic growth slowed in the second quarter to a 2.4
percent annual rate. Obama's popularity has been battered by a
sluggish economy and a 9.5 percent unemployment rate.
"This has been an extraordinary downturn so that means that
if you're in a deeper hole, it's going to take longer to come
back," Obama said.
"People have every right to be scared, to be angry, to be
frustrated. I took this job because I was convinced that I
could solve these problems not just short-term but long-term.
But I also knew this was going to be a bumpy road ahead," he
"I don't expect the American people to be satisfied when
we're only half of the way back," Obama said.
(Reporting by Tabassum Zakaria; Editing by Bill Trott)