Results tagged “economicpolicy”

President-elect Obama speaks to the press and American public for the first time. He's discussing the economic situation and said, "We are facing the greatest economic challenge of our lifetime." Obama emphasizes that there's still another president in office, but once he gets to the White House, he and his team will act swiftly: "First, we need a rescue plan for the middle class that invests in immediate efforts to create jobs and provides relief to families that are watching their paychecks shrink and their life savings disappear. A particularly urgent priority is a further extension of unemployment insurance benefits for workers who cannot find work in the increasingly weak economy. A fiscal stimulus plan that will jump-start economic growth is long overdue - and we should get it done." Here's video: