Obama says worst has passed
The West Australian
January 28, 2010, 11:07 am
REUTERS / MOLLY RILEY © U.S. President Barack Obama makes a point during his first State of the Union Address on Capitol Hill in Washington January 27, 2010.
US President Barack Obama has declared in his State of the Union address that the worst of the economic storm has passed but a trail of devastation has been left behind.
Mr Obama said his administration's early actions last year had staved off a repeat of the 1930s Great Depression.
"And one year later, the worst of the storm has passed, but the devastation remains," Mr Obama said.
He said that $US30 billion ($A33.56 billion) from a Wall Street bailout fund would be used to help small businesses still reeling from financial crisis.Follow thewest.com.au on Twitter
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