Although the financial regulatory reform bill in the Senate ultimately into being , so that Barack Obama has introduced since the rulingA re-Major reforms to achieve a historic breakthrough . However, this does not make Obama feel relieved . Last week he was in the White House asked the question on the economic and employment terms the United States " share God " Buffett , the latter is given less optimistic assessment.

Obama's July 15 interview with the media revealed that Buffett that the U.S. economy has experienced a painful recession , not yet fully recovered , "he said, we recovered 40% to 50%, but there is still a long way To go . "

The housing market, worrying

July 14 , Barack Obama in the Oval Office to talk with Buffett , on stimulating economic growth and create more job opportunities for discussions . Buffett believes that a recession caused by severe overcapacity plaguing the U.S. economy , which can only be time to digest .

Obama said , Buffett particularly in the U.S. housing market as an example that the historical trend, the United States each year 1.2 million new housing units , the data in the housing market bubble during the shoot up to more than 200 million units , but Since then, construction activity fell sharply .

" Buffett would say is that we go back 120 million level, but a lot of stocks are being digested . So to be completely weather the current recession, we face many challenges. " Obama said .

Unable to maintain the real estate market rebound is slow U.S. economic recovery can not be a major reason for speed . The United States will be released this week, the National Association of Home Builders (NAHB) housing market index , June housing starts and home sales in June as a series of housing data . Industry insiders estimate that as of the end of the purchase tax incentives , U.S. housing data show that the property market may be further frustrated , due to construction and purchase volume declined , the future expansion of the U.S. housing market may be losing momentum .

While analysts believe that the early expiration of preferential tax policies for the United States resulted in the implementation of the real estate market decline again , it shows that if there is no employment growth , the housing market can not achieve sustainable recovery . The debt crisis led to Europe 's financial market turmoil is shaking the confidence of American consumers , further increasing the risk of spending down .

" the future of the real estate market still faces many uncertainties . "BNP ParibasCoronado , senior economist in New York that the U.S. economy at least achieve a smooth transition , "but may appear a longer period of slow growth . "

Economy is still " on track " on

Obama stressed that Buffett that the U.S. government stimulus measures in the right direction , the U.S. economy and employment situation is stabilizing . Obama said the U.S. economy had experienced a disaster , but the Government now to stabilize and prevent their occurrence , " free fall " situation , " We are confident that the economy has been on the right track , statistical data to prove this point . "

Obama cited employment data , said the White House last year when he had just lost 750,000 jobs a month the situation positions now than the U.S. private sector employment has 5 consecutive months of growth . He said that economic stimulus plan is being promoted for decades the United States has moved out of the most serious recession , and lay the foundation for a better future .

Earlier the U.S. Chamber of Commerce has publicly accused Obama and the Democratic Party 's economic agenda , calling it burdensome regulatory and tax policies that hinder U.S. economic growth, create employment opportunities ignored . Opinion polls also show that the American public on the success of the economic stimulus plan skeptical , and worried about rising budget deficits .

The White House organized a series of business activities for this specifically , to seek to promote economic development and increase employment opportunities for the United States good way , Buffett is invited to participate in the event one of the heavyweights . Prior to the presidential election campaign, Buffett had to vote for Obama , and has publicly praised Obama in the subsequent government response to a series of measures the economic crisis . Although Buffett has warnedInflationCould become a serious problem in the future economic , but he still said that short-term economic implosion in the prevention of large-scale fiscal stimulus is necessary.

"We are in ' tunnel ' into , even if the climb three-quarters of the distance , even to know the right direction , we still find it difficult . " Obama said: "The American people will remember who got us into this chaos Policy , they certainly do not want to return to those policies. " He had been emphasized that the U.S. economy in the former President Bush during the troubled ruling party .