On Saturday The US President Barack Obama expressed that the dark phase of economic recession is not yet over. It will take many months before getting out of the clouds of recession. Some Economists and also the GDP is showing some improvement and predicted that the black phase is over.

According to him still many American's lose their jobs and monthly job report is also going to show the same trend. He is although backed his administrators initiative to keep the recession under control and also praised for the $787 billion stimulus package and its effect on the economy.