Obama Promises even more Rigorous Plans

[dollardaze]

During his campaign, Barack Obama made promises for turning the economy around. In the Democrats' weekly radio address, he outlined a plan to have his economic team to make a 2 year plan to save or create 2.5 million jobs. He indicated that he would begin to push this plan through Congress even before he takes office on January 20. Democaratic leaders of Congress are expected to begin work on this in December.

Obama's advisors are going to try to use the economic crisis to act on the issues that he spoke of during his campaign, including tax cuts for the lower and middle class workers. Working to make improvments on roads and schools and also to create new "green jobs" by offering business incentives for alternatives to energy and also environmentally friendly technologies.

Mr. Obama said,

The news this week has only reinforced the fact that we are facing an economic crisis of historic proportions.We now risk falling into a deflationary spiral that could increase our massive debt even further.

It's expected that Mr. Obama's proposal will probably require that his new administration will need to go back to Congress for approval of this program which will need more money than has already been authorized for the bailout of the financial institutions.

Leaders of the Democratic party have called for a more robust economic recovery initiative - up to $300 billion, which would include spending on the creation of jobs. President Bush refuses to consider a package so large, though some conservative economists say that this is the minimum amount needed to boost the economy.

Mr. Obama also said,

There are no quick or easy fixes to this crisis, which has been many years in the making. And it’s likely to get worse before it gets better. But January 20th is our chance to begin anew, with a new direction, new ideas and new reforms that will create jobs and fuel long-term economic growth.

[dimetime]

I only hope that Obama will be able to follow through and keep his promises of creating jobs, turning the economy around and create tax breaks for those who are middle to lower class. Right now these all sound like great ideas which we all could really use. Though I guess only time will tell if Obama really intends to help the people.

[carol b]

I am also praying that his statements are true. I also hope that his background and upbringing guide him in some real stratergies to help all people.

There are too many poor and homeless in this country and it is time to stop ignoring the facts and get down to business.

Starvation and poverty is not a part of the American way of life and has to be eliminated. We will just have to watch and see what happens.