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 5,633 days ago

Share:

(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
0:26
Poughkeepsie man convicted of kidnapping, attempted robbery of pregnant woman and children

Poughkeepsie man convicted of kidnapping, attempted robbery of pregnant woman and children

2:32
Nice today but hot and more humid weather is on the way

Nice today but hot and more humid weather is on the way

1:21
Police: 2-year-old boy stuck by minivan seriously injured in Ramapo, 5th child struck this year

Police: 2-year-old boy stuck by minivan seriously injured in Ramapo, 5th child struck this year

0:23
News 12's Blaise Gomez voted Best of Hudson Valley magazine's 'Best News Anchor' for second year in a row

News 12's Blaise Gomez voted Best of Hudson Valley magazine's 'Best News Anchor' for second year in a row

3:47
White Plains doctor: Get a checkup during National Men’s Health Month

White Plains doctor: Get a checkup during National Men’s Health Month

2:28
USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

1:10
Headlines: Murder suspect arrested, burglary arrest in Mamaroneck, drug and weapons charges in Newburgh

Headlines: Murder suspect arrested, burglary arrest in Mamaroneck, drug and weapons charges in Newburgh

2:01
Indian-American fans torn between nations as Cricket World Cup wraps up in Nassau

Indian-American fans torn between nations as Cricket World Cup wraps up in Nassau

0:46
Police seek help finding missing woman with autism in Hartsdale

Police seek help finding missing woman with autism in Hartsdale

0:24
5th graders at Montgomery Elementary School ‘DARE Aware’ after fun kickball game

5th graders at Montgomery Elementary School ‘DARE Aware’ after fun kickball game

0:30
Transit Alert: Bee-Line Bus service changes coming Monday

Transit Alert: Bee-Line Bus service changes coming Monday

0:17
Firefighters quickly extinguish blaze in Mount Vernon building

Firefighters quickly extinguish blaze in Mount Vernon building

0:31
NYPD: 37-year-old woman from Mount Vernon fatally slashed in the neck in Williamsbridge; suspect arrested

NYPD: 37-year-old woman from Mount Vernon fatally slashed in the neck in Williamsbridge; suspect arrested

0:37
Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand

Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand

2:15
New York launches Mobile ID to digitize driver’s licenses, non-driver IDs. Here’s how to get it.

New York launches Mobile ID to digitize driver’s licenses, non-driver IDs. Here’s how to get it.

2:28
USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

1:28
Garden Guide: This is why your plants are blooming better than usual this year

Garden Guide: This is why your plants are blooming better than usual this year

2:06
Kingston tenants call for rent freeze

Kingston tenants call for rent freeze