Archive for the ‘inexcurable’ Category

Obama calls stimulus bill delay ‘inexcusable’

February 6, 2009

President Barack Obama decried as “inexcusable and irresponsible” the delay of his economic recovery legislation in Congress with an estimated 3.6 million Americans losing their jobs since the recession began.

Obama’s remarks were some of his most direct and pointed in support of the massive economic package that the Senate considered Friday and tried to pare down below its $900-billion-plus price tag. Obama acknowledged it was not perfect and pledged to work with lawmakers to refine the measure, which he called “absolutely necessary.”

“But broadly speaking, the package is the right size, it is the right scope, and it has the right priorities to create 3 to 4 million jobs, and to do it in a way that lays the groundwork for long-term growth,” Obama said at a ceremony in the White House East Room.

By Philip Elliott, Associated Press Writer

The president named an outside economic team of advisers as the nation dealt with more bad news in the unemployment report for January. Employers slashed payrolls by 598,000, the most since the end of 1974, propelling the unemployment rate to 7.6 percent. The rate is the highest since September 1992.

“These numbers demand action. It is inexcusable and irresponsible for any of us to get bogged down in distraction, delay or politics as usual while millions of Americans are being put out of work,” Obama said bluntly. “Now is the time for Congress to act.”

Read the rest:
http://news.yahoo.com/s/ap/20090206/a
p_on_go_pr_wh/obama_economy

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