💾 Archived View for gmi.noulin.net › mobileNews › 862.gmi captured on 2023-01-29 at 08:26:08. Gemini links have been rewritten to link to archived content
⬅️ Previous capture (2021-12-05)
-=-=-=-=-=-=-
2008-12-08 05:43:23
By DAVID ESPO, AP Special Correspondent David Espo, Ap Special Correspondent
Sun Dec 7, 10:36 pm ET
WASHINGTON President-elect Barack Obama said Sunday the economy will get
worse before it gets better, pledged a recovery plan "equal to the task" and
warned lawmakers that the days of pork barrel spending are over.
Less than six weeks before his inauguration, Obama declined to say how large an
economic stimulus plan he envisions. He said his blueprint for recovery will
include help for homeowners facing foreclosure on their mortgages if President
George W. Bush has not acted by Inauguration Day, Jan. 20.
"We've got to provide a blood infusion to the patient right now to make sure
that the patient is stabilized. And that means that we can't worry short term
about the deficit. We've got to make sure that the economic stimulus plan is
large enough to get the economy moving," he said.
Obama made his comments on NBC's "Meet the Press," in his most extensive
interview since winning the White House more than a month ago, and later at a
news conference in Chicago.
The president-elect said it is important that domestic carmakers survive the
current crisis, although he accused the industry's executives of taking a "head
in the sand approach" that has prevented their companies from becoming more
competitive.
"Congress is doing the exact right thing by asking for a conditions-based
assistance package that holds the industry's feet to the fire and gives the
industry some short-term assistance," he said.
In addition to the policy issues, Obama avoided a direct answer when asked
whether he has quit cigarettes as he prepares to move into a no-smoking White
House.
"I have done a terrific job, under the circumstances, of making myself much
healthier. And I think that you will not see any violations of these rules in
the White House," he said.
Obama called the news conference to introduce retired Gen. Eric Shinseki as his
choice to head the Veterans Affairs Department. Shinseki, who was a four-star
general, was forced into retirement five years ago by the Bush administration
after saying the president's plans to invade Iraq required more troops.
Shinseki pledged to build a "smooth, error-free, no-fail benefits-assured
transition" back to civilian life for veterans.
Twice in the opening moments of the NBC interview, the president-elect said the
economic situation "is going to get worse before it gets better," an unspoken
plea with voters to have patience as the incoming administration tries to
grapple with the issue.
He announced plans Saturday for the largest public works spending program since
the creation of the interstate highway system a half-century ago, although he
said aides are still debating among themselves how much it should cost.
"What we need to do is examine, what are the projects where we're going to get
the most bang for the buck? How are we going to make sure taxpayers are
protected? You know, the days of just pork coming out of Congress as a
strategy, those days are over," he said.
Some lawmakers have mentioned an economic aid plan in the range of $500 billion
or higher, and Democratic leaders say they hope to have legislation ready soon
after Jan. 20.
The economic indicators have darkened since Obama's election, and Friday's
report that 533,000 jobs were lost in November was the worst performance in
more than 30 years. Unemployment stands at 6.7 percent, retailers are reporting
weak holiday sales and the credit markets have yet to recover from the freeze
that led Congress to approve a $700 billion bailout before the election.
Turning to foreign policy, the president-elect sidestepped a question about the
pace of a troop withdrawal from Iraq, saying he would direct U.S. generals to
come up with a plan "for a responsible drawdown." He said in the campaign he
wanted most U.S. troops withdrawn within 16 months, but did not say then, nor
has he now, how large a deployment should be left behind.
"We are going to maintain a large enough force in the region to assure that our
civilian troops or our civilian personnel and our embassies are protected, to
make sure that we can ferret out any remaining terrorist activity in the
region" and providing training support for Iraqi personnel.
He did not respond directly when asked whether he believes India should have
the right to pursue terrorist targets inside Pakistan in the wake of the deadly
attacks in Mumbai. He also said he wants to "reset U.S.-Russian relations"
following the Bush era.
"They are increasingly assertive and when it comes to Georgia and their threats
against their neighboring countries I think they've been acting in a way that's
contrary to international norms," he said of Kremlin leaders.
The president-elect declined to comment on the possible appointment of Caroline
Kennedy to New York Sen. Hillary Rodham Clinton's seat in the Senate. Obama
tapped Clinton recently as his secretary of state.