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Obama Tells Townhall We're In A "Deep Recession"

President Obama, in answering a question from a woman about her unemployed mother who is near retirement, said that is a tough position to be in, especially "in this kind of deep recession."

"It is tough being unemployed if you are in your 50's or early 60's, before retirement. That is the toughest period of time to, to lose your job. Obviously, it is never fun to lose your job. And it is always hard in this kind of deep recession," he said.

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