US News
Obama to consult with Congress on financial stimulus
Jan 1, 2009, 14:32 GMT
Washington - US president-elect Barack Obama is to start consulting Monday with Congress on an estimated 775-billion-dollar emergency economic stimulus programme he hopes to sign into law upon his inauguration January 20.
With the country in recession for a year and US stock indices shedding 34 to 40 per cent of their value in 2008, the economy tops Obama's agenda. He plans to meet Monday with the Speaker of the House of Representatives Nancy Pelosi, a fellow Democrat, the Washington Post reported.
The Obama family is moving to Washington over the weekend so their daughters Malia, 10, and Sasha, 7, can start school Monday.
Pelosi has declared her intention for the House to vote in the week of January 12 so that Obama has the programme on his desk for signature the day he moves into the White House on January 20.
But Republicans and conservative Democrats, worried already over the trillions of dollars the government and Federal Reserve have thrown to the banks and auto industry to bail out the financial system, could block the move.
Pelosi has already scheduled hearings on Obama's proposal for Wednesday, the day after the newly-elected Congress take their seats.
But Obama's team has not yet released details of its request, which is to include a two-year massive programme of infrastructure repairs and construction that would provide jobs for up to 3 million out-of-work Americans.
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Older Talkback
page: 1
We need a black guy now in office to do our biding, so that the people won't rebel and throw us all rich and neocons out of the country, he should be able to give the impression that there is still democracy!
This is still a very profitable country full of sheep and brainwashed people that we can rule over.
'We can rule over'??? - just who is the 'we'?
..that's what I thought...
And print more of those monopoly dollars, please!
Is such a joke around the globe.
'..that's what I thought...'
EssPee, just who do you think youn are trying to fool? Everybody KNOWS you don't think. You're just a programmed spam can fron the GOP.
..I just keep getting it spot-on more every day!
Barak is taking your money and going to buy every senators vote, LBJ-style. This is alright, but last time we lost our Social Security trust Fund to fund the Vietnam war when he did it.
I am wondering what kind of contact you could possibly have with Blagojevich that was NOT inappropriate?
Now, professor bong, run along and find out why daddy bought that pet monkey and gave him your name.
he named the monkey SP4!
The 2008 financial crisis will continue in the western countries for many more years.
I will argue that this is the collapse of western-style capitalism.
Capitalism no longer works for them; hence, the government interventions.
Socialism is a better system, especially the one that espouses adoption of pragmatism and incorporation of local characteristics.
For CHINA it is Socialism with CHINESE characteristics.
Watch and see what the Chinese Central Govt will achieve in 2009!
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SP4: Is this going to be anything likeJan 1st, 2009 - 17:03:47
...picking a replacement for his old senate seat?
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