Obama Warns of Dire Consequences Without Stimulus

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.

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  • by Jake Location: Hindman on Jan 8, 2009 at 01:16 PM
    Bush and the republicans sure have this country in a pickle.
  • by Anonymous on Jan 8, 2009 at 08:05 AM
    If only Kentucky had a research university.


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