Good news: Obama to "preserve" 3 million jobs now as economy tanks further

The more aggressive target came after Obama met Tuesday with top economic advisers, who told him the economy is now expected to lose as many as 3.5 million jobs over the next year, which could drive unemployment past 9 percent. With a range of economists, both liberals and conservatives, calling on the government to spend between $800 billion and $1.3 trillion to staunch the bleeding, Obama was told that the danger lies in doing too little rather than too much.

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