Obama Acknowledges Harsh Economic Reality

Washington, May 7 (Prensa Latina) U.S. President Barack Obama acknowledged that many U.S. citizens are going through harsh times when referring to high gas prices and unemployment, difficult issues on his agenda leading up to the 2012 presidential election.

“I am aware that many Americans are still going through hard times,” said Obama in his weekly speech broadcasted on the radio and internet when talking about gasoline prices of up to four dollars per gallon and nine-percent unemployment.

He also commented that although the economy has not been the focus of the news this week, not a day goes by that he is not worried about jobs, hopes and dreams.

Obama said U.S. society should not be so dependent on oil, and should replace it with alternative sources of energy.

“In the long term, the only way we can avoid being hostage to the ups and downs of oil prices is if we reduce our dependence on oil. That means investing in clean and alternative energy sources,” he said in his Saturday message.

Obama’s approval ratings rose earlier this week after he announced the death of Osama bin Laden at the hands of U.S. Special Forces, although in the economic area, his performance is not applauded by the majority.

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