Obama: `Dramatic Action’ Needed Now To Fix Economy

Economy Barack Obama Obama said economists argue that if nothing is done and the U.S. continues on its current path the recession could linger for years.
by The Associated Press
Published: Fri, January 16, 2009 - 12:48 pm CST
BEDFORD HEIGHTS, Ohio (AP) - President-elect Barack Obama says
urgent action is needed to address the slumping economy, but he
says there's still time to take dramatic action.
Talking to workers at a plant in northern Ohio on Friday, Obama
said economists from across the spectrum argue that if nothing is
done and the U.S. continues on its current path, the recession
could linger for years.
Obama is on the road pitching his plan for a massive economic
stimulus plan in a depressed area of the industrial Midwest that's
been hit hard by the recession. The president-elect is seeking some
$825 billion in new spending and tax cuts to spur the troubled
economy.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
Email a Friend Email to a Friend   
Printer Friendly Printer Friendly
Translate: » Spanish | French | German | Italian | Japanese | Chinese | Russian | Hindi

Recently Commented On

Siran Stacy Sues Dothan 911…

1 Total Comments
Siran Stacy Sues Dothan 911 Board After Fatal Wreck Former University of Alabama football player Siran Stacy… more »

Baldwin School Closing A Possibility?

3 Total Comments
Baldwin School Closing A Possibility? Baldwin County Board of Education says more layoffs, school… more »

Deadly Ship Explosion

1 Total Comments
Deadly Ship Explosion One person is dead, another believed to be dead following… more »

Gulf Coast Classic Attendance:…

10 Total Comments
Gulf Coast Classic Attendance: 8,495 The city of Mobile put up more than $70,000 for the 2009… more »

Katrina Ruling Could Bring New…

6 Total Comments
Katrina Ruling Could Bring New Deluge Of Lawsuits Now that a federal judge has blamed "monumental negligence"… more »