Obama Advisors For Stimulus Package

Barack Obama Economic Stimulus Package Advisors say the country needs the package to avoid a deep recession.
by Associated Press
Published: Tue, November 18, 2008 - 3:45 am CST Last Updated: Tue, November 18, 2008 - 3:48 am CST
WASHINGTON (AP) - Two of President-elect Barack Obama's top
economic advisers say the U.S. needs a substantial economic
stimulus package to avoid a deep recession.
Former Treasury Secretary Larry Summers, who could get the same
job under Obama, says the current economic crisis calls for a
package big enough to resonate for a period of two to three years.
Robert Rubin, another Treasury secretary under Bill Clinton,
agrees.
The comments came at a business conference also attended by
current Treasury Secretary Henry Paulson. Summers stressed the
views expressed were only his own, and not necessarily shared by
Obama.
Summers wouldn't offer his own estimate of how big the package
should be, but noted economists at Goldman Sachs are suggesting
$500 billion to $700 billion.
Email a Friend Email to a Friend   
Printer Friendly Printer Friendly
Translate: » Spanish | French | German | Italian | Japanese | Chinese | Russian | Hindi
Citronellemomma
Citronellemomma Says:
Tue, Nov 18, 2008 at 12:01 pm

Where’s my check??? I want it!!!

Recently Commented On

Mobile Man Robbed At Gunpoint…

3 Total Comments
Mobile Man Robbed At Gunpoint In Home Invasion He said three men put a gun to his head more »

Would You Carry Your Best Friend’s…

19 Total Comments
Would You Carry Your Best Friend’s Baby? A Mobile woman makes a sacrifice to help her best friend,… more »

Gambino Family Talks

12 Total Comments
Gambino Family Talks Family of Fairhope man accused of barricading himself inside… more »

Carjackings On The Rise

6 Total Comments
Carjackings On The Rise A man is shot during a carjacking in his own driveway. more »

Community Wants Progress on…

1 Total Comments
Community Wants Progress on 98 Bypass Some residents want work on Highway 98 bypass to resume. more »