Obama warns of dire consequences without stimulus

(AP) - President-elect Barack Obama warned of direand long-lasting consequences if Congress doesn't pumpunprecedented dollars into the national economy, making an urgentpitch Thursday for his mammoth

News 12 Staff

Jan 8, 2009, 11:59 PM

Updated 5,585 days ago

Share:

Obama warns of dire consequences without stimulus
(AP) - President-elect Barack Obama warned of direand long-lasting consequences if Congress doesn't pumpunprecedented dollars into the national economy, making an urgentpitch Thursday for his mammoth spending proposal in his firstspeech since the election.
"In short, a bad situation could become dramatically worse" ifWashington doesn't go far enough to address the spreading crisis,the Democrat said as fresh economic reports showed an outlookgrowing increasingly grim.
In the speech at George Mason University outside Washington,Obama asked Congress to work with him "day and night, on weekendsif necessary" to pass a revival plan within the next few weeks sothat it can be ready for his signature shortly after he takesoffice on Jan. 20.
The president-elect cast blame on "an era of profoundirresponsibility that stretched from corporate boardrooms to thehalls of power in Washington." But he added, "The very fact thatthis crisis is largely of our own making means that it is notbeyond our ability to solve."
"I don't believe it's too late to change course, but it will beif we don't take dramatic action as soon as possible," he said.
Obama laid out goals of doubling the production of alternativeenergy over three years, updating most federal buildings to improveenergy efficiency, making medical records electronic, expandingbroadband networks and updating schools and universities.
"It's a plan that represents not just new policy but a wholenew approach to meeting our most urgent challenges," Obama said.
To watch Obama's full speech, go to Channel 612 on your iO digital cable box and selet iO Extra.


More from News 12
2:29
Traffic delays and road closures expected as Irvington set to host President Joe Biden today

Traffic delays and road closures expected as Irvington set to host President Joe Biden today

1:45
Sunny and pleasant today, freeze warnings overnight

Sunny and pleasant today, freeze warnings overnight

1:07
Schools in Westchester County announce early dismissals ahead of President Biden's visit

Schools in Westchester County announce early dismissals ahead of President Biden's visit

New York appeals court overturns Harvey Weinstein’s 2020 rape conviction from landmark #MeToo trial

New York appeals court overturns Harvey Weinstein’s 2020 rape conviction from landmark #MeToo trial

1:53
Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

0:24
Breeze Airways expands services from Westchester County Airport

Breeze Airways expands services from Westchester County Airport

Vote 2024: Ask your questions for Congressional District 16 Democratic candidates

Vote 2024: Ask your questions for Congressional District 16 Democratic candidates

Ready to explore the great outdoors? These 14 tips can help you stay safe while hiking

Ready to explore the great outdoors? These 14 tips can help you stay safe while hiking

2:27
How to protect spring plants from frost and freeze

How to protect spring plants from frost and freeze

1:47
Saddle up for a western-style riding adventure at Hollow Brook Riding Academy!

Saddle up for a western-style riding adventure at Hollow Brook Riding Academy!

0:27
Oklahoma woman pleads guilty in fatal Newburgh drunk driving crash

Oklahoma woman pleads guilty in fatal Newburgh drunk driving crash

0:45
Yonkers officer faces charges in off-duty Bronxville accident

Yonkers officer faces charges in off-duty Bronxville accident

0:21
Dutchess County drivers awarded free cars after completing empowerment program

Dutchess County drivers awarded free cars after completing empowerment program

0:35
20 Hudson Valley public high schools among top 100 in New York state

20 Hudson Valley public high schools among top 100 in New York state

1:09
Headlines: Burglary guilty plea, illegal AR-15 possession, library larceny

Headlines: Burglary guilty plea, illegal AR-15 possession, library larceny

0:17
St. Barnabas High School marks 100 years of education at New Rochelle gala

St. Barnabas High School marks 100 years of education at New Rochelle gala

0:27
Manhattan College and Rockland Community College partnership allows seamless student transfers

Manhattan College and Rockland Community College partnership allows seamless student transfers

0:25
Orangeburg students crowned winners of entrepreneurship competition

Orangeburg students crowned winners of entrepreneurship competition

0:26
Luxury VIP experience coming to Woodbury Common Premium Outlets

Luxury VIP experience coming to Woodbury Common Premium Outlets

0:26
Westchester County DA candidate William Wagstaff secures spot on Democratic primary ballot

Westchester County DA candidate William Wagstaff secures spot on Democratic primary ballot