President Barack Obama yesterday said times were still tough for many Americans, as he defended his policies during aggressive questioning after the worst U.S. recession since the 1930s was declared over.


As audience members at a townhall-style meeting voiced exasperation and disappointment at his administration, and one woman said she was “exhausted” from defending him, Obama stressed that he understood that people were frustrated.


“Even though economists may say the recession officially ended last year, obviously for the millions of people who are still out of work ... it is still very real for them,” Obama told the meeting, hosted by CNBC television.