The US president says that now Americans have begun to feel more positive about their country’s economy.
In Louisiana, the President said in a business meeting with business leaders that people had a more positive approach towards economic panic.
While Federal Reserve chief Ben Bernanke said that we might need more spending to fight the slowdown.
Mr Bernanke said that American economy was weak for many quarters instead of saying that the US economy was in recession.
‘If a fresh economic stimulus package is given at that time, it would be more appropriate’ he explained in the US House of Representative budget committee.
While a White House spokesman explained that Bush administration was considering a new package and would seek guidance from others in this connection.
