President Obama used his Saturday radio address to promote his stimulus plan, which he said has already created or saved 1 million jobs. He warned, however, that job losses were still troublesome, but said the overall direction was positive and cited as evidence recent news that the economy grew 3.5 percent last quarter. "It is easy to forget that it was only several months ago that the economy was shrinking rapidly and many economists feared another Great Depression," the president said. He said unemployment would likely worsen before it got better, but that growth was a prerequisite to turning the situation around. "We will likely see further job losses in the coming days," he said. "But we will not create the jobs we need unless the economy is growing.”
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