Obama: Trying To Strike A Balance

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- It's a balancing act.

That's what President Barack Obama says about his efforts to underscore the severity of the economic crisis but avoid sounding alarmist.

He says he's "constantly trying to thread the needle." He often uses dire language when talking about the recession.

The president made the comment in an interview with ABC News.

He says the country isn't just in an ordinary recession. Rather, he calls it "a perfect storm of financial problems."

Still, he says the nation must keep perspective. He contends that while the country is in recession it's not as bad as it was during the Great Depression of the 1930s.

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