by Associated Press
Published: Tue, February 10, 2009 - 3:42 am CST
Last Updated: Tue, February 10, 2009 - 3:46 am CST
WASHINGTON (AP) - While the Senate stands poised to pass an $838billion economic stimulus bill, President Barack Obama is going to
a region in Florida drowning in foreclosures.
He will be in Fort Myers for another town-hall meeting like the
one he held Monday in Elkhart, Ind. There, he warned the crisis is
so deep it might become irreversible without strong government
actions.
During his first White House prime-time news conference last
night, Obama built on the dire warning, saying if lawmakers fail to
act quickly the crisis could turn into a "catastrophe." He warned
"This is not your ordinary, run-of-the-mill recession."
Obama says the legislation, which has picked up scant Republican
support, is "the right thing to do," even though it's expensive.
The bill would be a blend of tax cuts and spending.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Obama Visits Florida
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