Friday, November 7, 2008

President-elect Barack Obama and the healing of our economy

CHICAGO — President-elect Barack Obama called on Friday for the Bush administration and Congress to enact an economic-stimulus package, and he pledged to confront the country’s economic crisis “head on” the moment he is sworn in on Jan. 20.

“I do not underestimate the enormity of the task that lies ahead,” Mr. Obama said at his first news conference since his victory over Senator John McCain on Tuesday. He said he was certain that “some difficult choices” will have to be made.

“It’s not going to be quick, and it’s not going to be easy to dig ourselves out of the hole that we’re in,” Mr. Obama said, declaring that he wants to see “a rescue plan for the middle class” and a further extension of unemployment-insurance benefits.

See entire article...http://www.nytimes.com/2008/11/06/us/politics/08transition.html?ref=politics

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