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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 19, 2009
Page
9
The Federal Reserve warned the U.S. economy will deteriorate in 2009 with unemployment possibly reaching 8.8 percent and GDP contracting. Housing data showed record lows in new home construction and permit applications as Obama pushes foreclosure relief.
AP-GfK poll shows nearly half fear unemployment, up from last year, with 71 percent knowing someone laid off. Voters view Obama stimulus mixed. 62 percent say he cooperates with Republicans, 64 percent say Republicans fail to cooperate. Conducted Feb 12-17 with 1001 adults. margin ±3.1.
General Motors and Chrysler, with major Ohio operations, request an additional 21.6 billion in loans amid 17.4 billion already drawn, warning that failure would cost tens of thousands of jobs and threaten suppliers, dealers, and a regional way of life.
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