Obama urges quick economic action

2009-01-28 08:56:13

US President Barack Obama has called for urgent action on his $825bn ( 586bn)

economic recovery plan, saying the American people expect it.

Republican lawmakers are increasingly vocal in opposing the bill, complaining

it is too expensive and unworkable.

Amid talks with congressional Republicans to try to persuade them to accept the

plan, he said he did not expect 100% agreement from them.

But Mr Obama appealed to them to "put politics aside".

The president hopes his plan could clear Congress by mid-February.

"There are some legitimate philosophical differences with parts of my plan that

the Republicans have, and I respect that," Mr Obama said.

"In some cases they may just not be as familiar with what's in the package as I

would like.

"I don't expect 100% agreement from my Republican colleagues, but I do hope

that we can all put politics aside and do the American people's business."

He spoke to reporters after meetings with House of Representatives Republicans

and before another meeting with senators.

"The main message I have is that the statistics every day underscore the

urgency of the economic situation.

"The American people expect action."

Republican House leader John Boehner said after the Obama meeting: "I think we

both share a sincere belief that we have to have a plan that works."

Republicans lack the votes to defeat the stimulus bill on their own, but could

slow its progress, especially in the Senate.

'Unprecedented crisis'

Any decision will fall to the new Treasury Secretary Timothy Geithner, who was

sworn in on Monday, with the task of trying to get the US economy back in

shape.

President Obama has said his administration will be held accountable for the

success or failure of his stimulus plan.

He has described the US as being "in the midst of an unprecedented crisis" and

has announced:

• More than 3,000 miles of new electricity transmission lines would be laid

down to improve the US power network

• 75% of public sector buildings would be made more energy-efficient, saving

taxpayers $2bn a year

• More than 2.5m homes would be "weatherized" (made more energy efficient)
• Funds would be made available to improve or renovate 10,000 schools

Other proposals include tax credits for firms that create jobs, tax cuts for

95% of American workers and extended unemployment benefits.

The president has pledged the plan "will save or create three to four million

jobs over the next few years".