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Obama warns of lingering US recession if stimulus package rejected
United States President-elect Barack Obama says the US recession could "linger for years" unless Congress acts to pump unprecedented sums from Washington into the US economy, making his highest-profile case yet on an issue certain to define his early presidency.
- AP
- Published: 15:19 January 8, 2009
Washington: United States President-elect Barack Obama says the US recession could "linger for years" unless Congress acts to pump unprecedented sums from Washington into the US economy, making his highest-profile case yet on an issue certain to define his early presidency.
In a speech set to be delivered at George Mason University in Fairfax, Virginia, outside Washington, Obama said: "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." Excerpts from his prepared text were released in advance by his transition team.
It was the fourth day in a row that Obama has made a pitch for a huge infusion of taxpayer dollars to revive the sinking economy.
His events have increasingly taken on the trappings and air of the presidency, with the speech a particularly showy move.
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