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Obama Plugs Stimulus Plan on Capitol Hill

By the Associated Press

Posted Jan 5, 2009 6:31 PM CST

(AP) – Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders today, declaring the national economy was "bad and getting worse" and embracing tax cuts expected to reach $300 billion, the AP reports. He predicted lawmakers would approve a mammoth revitalization package within 2 weeks of his taking office. "The economy is very sick," said Obama.

"The reason we are here today is because the people's business cannot wait," Obama said as he arrived on Capitol Hill. "I expect to be able to sign a bill shortly after taking office," he said. Pressed on the timing, he said, "By the end of January or the first of February." Obama's stimulus plan includes tax cuts of up to $300 billion as well as more than $100 billion for businesses, an Obama transition official said.

President-elect Barack Obama meets with House Speaker Nancy Pelosi of Calif. in her office on Capitol Hill in Washington, Monday, Jan. 5, 2009.
President-elect Barack Obama meets with House Speaker Nancy Pelosi of Calif. in her office on Capitol Hill in Washington, Monday, Jan. 5, 2009.   (Gerald Herbert)
Barack Obama, flanked by House Speaker Nancy Pelosi of Calif. and Senate Majority Leader Harry Reid of Nev., talks in Washington, Monday, Jan. 5, 2009.
Barack Obama, flanked by House Speaker Nancy Pelosi of Calif. and Senate Majority Leader Harry Reid of Nev., talks in Washington, Monday, Jan. 5, 2009.   (Gerald Herbert)
President-elect Barack Obama, flanked by Treasury Secretary-designate Timothy Geithner, left, and Council of Economic Advisers Chair-designate Christina Romer talks in Washington, Jan. 5, 2009.
President-elect Barack Obama, flanked by Treasury Secretary-designate Timothy Geithner, left, and Council of Economic Advisers Chair-designate Christina Romer talks in Washington, Jan. 5, 2009.   (Gerald Herbert)
Treasury Secretary-designate Timothy Geithner, left, looks on as President-elect Barack Obama meets with members of his economic team at his transition office in Washington, Monday, Jan. 5, 2009.
Treasury Secretary-designate Timothy Geithner, left, looks on as President-elect Barack Obama meets with members of his economic team at his transition office in Washington, Monday, Jan. 5, 2009.   (Gerald Herbert)
President-elect Barack Obama, flanked by Treasury Secretary-designate Timothy Geithner, left, and Council of Economic Advisers Chair-designate Christina Romer, talks  in Washington, Jan. 5, 2009.
President-elect Barack Obama, flanked by Treasury Secretary-designate Timothy Geithner, left, and Council of Economic Advisers Chair-designate Christina Romer, talks in Washington, Jan. 5, 2009.   (Gerald Herbert)
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COMMENTS
Showing 1 of 1 comment
wwwonderer
Jan 5, 2009 10:24 PM CST
Impeachment? For what? Lying about WMDs? Leaking covert CIA operatives? Watching New Orleans drown? Politicizing firings of attorneys? Waterboarding? Abu Grahb? GROSS (maybe criminal) negligence of USA's financial and real estate markets? Missing emails? Signing statements? Corrosive King it seems as though you WANT Obama AND his administration to fail, before he even starts. If you don't mind, I think I'll dust off some classic GOP talking points circa 2002: Why do you hate freedom? Why do you want the terrorists to win? I sure hope the terrorists don't see or hear us questioning our president. Where's you lapel flag pin? Terry Shaivo has every right to..... Sorry. I got carried away with the last one. CK, get a clue, buy a vowel, do something to help yourself to help others. Better yet, have another Corona.

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