Obama pledges to have economic plan ready to deal with financial crisisNovember 27th, 2008 - 5:58 pm ICT by ANI
Chicago, Nov.27 (ANI): US President-elect Barack Obama pledged on Wednesday to have an economic plan ready for action to deal with the nation’’s financial crisis on his first day in office.
“Help is on the way,” CBS quoted him, as declaring.
As he spoke, there was unrelenting bad news on the economy’’s current state.
The government reported that jobless claims remained at recessionary levels, consumers had cut back on their spending by the largest amount since the 2001 terrorist attacks, orders to U.S. factories had plunged anew and home sales had fallen to the lowest level in nearly 18 years.
“I was elected with the charge of getting this economy back in shape. We are going to implement starting day one when I come into office,” Obama said.
Obama said he would announce the remaining members of his new economic panel in the coming weeks.
Obama said he wanted his new economic panel to provide outside voices for his administration, adding that it would include people from business, labor and academia, “who will bring to bear their wisdom and expertise on the formulation, implementation and evaluation of my administration’’s economic recovery plan.”
“I hope that everybody understands that we are going to be able to get through these difficult times, but we”re just going to have to make some good choices,” Obama said. (ANI)
Tags: 18 years, academia, bad news, barack obama, cbs, choices, consumers, current state, difficult times, economic plan, economic recovery plan, factories, financial crisis, help is on the way, jobless claims, president elect, shape, terrorist attacks, voices, wisdom