President elect Obama says we can’t wait another minute! In response to George Bush and bail-out of CitiCorp, president elect Obama holds press conference in Hilton Hotels, 720 S. Michigan Ave., Chicago today.
In what amounts to a calculated and reassuring press conference, Obama introduces us to his economic team. He wants the team to already be working on a plan and likely wants something on his desk Jan. 20, 2009. The economic team appears to be quite diverse; men as well as women. It appears that they hail from a deep back ground of experience.
To summarize President elect Obama wants to create 2.5 million jobs and restore our confidence. Congress needs to make a big stimulus in order to jolt the economy. He thinks that we need to put people back into work. This is critical! The new congress needs to be aggressive and “hit the ground running”! He is hopeful for the future. He thinks that it may get worse before it gets better.
President elect Obama stated again that the auto industry is the backbone of America and we cannot allow this industry to vanish. We will bail them out,but they will not have a blank check, and the government will have a part ownership in the companies. He is also seeking clean energy, health care, and education. He wants to rebuild roads, and bridges. He believes that America is strong and resilient, and wants to rebuild; saying that it is the spirit of our nation!
With reassuring words and with 95% of America receiving a net tax cut, that may be stimulus enough to get the middle class up and running again.
It will take time to turn around the previous administration’s mess. But taking into effect that this could be an investment in ourselves. Perhaps it will happen noticeably quicker.
But will Washington be able to work together and build a sustainable and responsible future for us all?
Just my thoughts, just my opinions, and always in a conversationalTone
Mary Caliendo
