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Mon 11 Nov 2009Obama warns of more job losses
US president Barack Obama today warned that more job losses lay ahead despite a turnaround in the economy, and he called for a new "post bubble growth model" with greater focus on US exports.
"If Germany, a wealthy, highly unionised industrial nation, can generate 40 perc ent of its economy as export-based, then it seems to me that there is something we're missing that they are doing right, and we have got to figure that out," he told a meeting of his Economic Recovery Advisory Board.
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