WASHINGTON (AP) - President-elect Barack Obama says that without
big-time federal stimulus dollars now, the nation's recession could
go on for years.
In a speech set to be delivered today at Virginia's George Mason
University, outside Washington, Obama is making his highest-profile
case yet for a stimulus plan.
Obama says there's still time to change course but without
"dramatic action as soon as possible," it may become too late.
Obama says a worst-case scenario could include double-digit
unemployment and $1 trillion in lost economic activity that recalls
the days of the Great Depression.
It's the fourth day in a row that Obama has made a pitch for a
huge infusion of taxpayer dollars to revive the sinking economy.