Summers Predicts Job Growth by Spring

President Barack Obama’s top economic advisor, Lawrence Summers, predicted that jobs will start growing again in spring 2010. According to the most recent statistics, there are 15.4 million people who are looking for jobs now. Mr. Summers said that “everyone agrees that the recession is over.” However, everyone believes that the recession is going to be over only when the unemployment rate will return back to its normal level. In addition, President Obama will meet with bank executives this week to encourage them to start lending to consumers. President Obama pointed out that the government bailed out banks to keep them moving and lending money to people. It is time for banks to force themselves to lend money again.