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Obama talks tough on the economy
Source: Agencies |
January 9, 2009, Friday
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Print Edition
Print Edition
PRESIDENT-ELECT Barack Obama said yesterday the deepening American recession could stretch years into the future if Congress fails to act quickly on his call to pump hundreds of billions of federal dollars into the nation's economy.
The speech to be delivered at George Mason University in Virginia, outside the US capital, marked the fourth day running that Obama used his bully pulpit to urge fast action on huge spending in response to the worst US economic slide since the Great Depression in the 1930s. It was his first appearance directly aimed at taxpayers and the highest-profile pitch for the giant spending plan.
"I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible," Obama said. Excerpts from his prepared text were released in advance by his transition team.
"A bad situation could become dramatically worse," he added.
Obama, while refusing to weigh in on foreign policy, has increasingly assumed a presidential air as he challenges Congress to move rapidly. Twelve days remain until his inauguration. Presidents-elect typically stick to naming administration appointments and otherwise staying in the background during the transition period between Election Day and Inauguration Day.
The speech to be delivered at George Mason University in Virginia, outside the US capital, marked the fourth day running that Obama used his bully pulpit to urge fast action on huge spending in response to the worst US economic slide since the Great Depression in the 1930s. It was his first appearance directly aimed at taxpayers and the highest-profile pitch for the giant spending plan.
"I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible," Obama said. Excerpts from his prepared text were released in advance by his transition team.
"A bad situation could become dramatically worse," he added.
Obama, while refusing to weigh in on foreign policy, has increasingly assumed a presidential air as he challenges Congress to move rapidly. Twelve days remain until his inauguration. Presidents-elect typically stick to naming administration appointments and otherwise staying in the background during the transition period between Election Day and Inauguration Day.
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