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HindustanTimes Thu,18 Sep 2014

World

Economy getting sicker: Obama
AFP
Washington, February 05, 2009
First Published: 23:07 IST(5/2/2009)
Last Updated: 23:08 IST(5/2/2009)
US President Barack Obama warned on Thursday the US economy was getting sicker every day, injecting another jolt of urgency into his calls for Congress to pass his huge stimulus bill.

He also called on lawmakers to bridge old partisan divides and line up behind the 900-billion-dollar package, in another veiled shot at Republicans who are opposed to significant parts of the bill.

“By now, it’s clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression,” Obama said in an opinion article in The Washington Post. “Millions of jobs that Americans relied on just a year ago are gone — millions more of the nest eggs families worked so hard to build have vanished.”

Obama heaped more pressure on Congress to pass the bill, as wrangling on its contents went on in the Senate amid more grim economic data. “Every day, our economy gets sicker — and the time for a remedy that puts Americans back to work, jump-starts our economy and invests in lasting growth is now,” Obama wrote.

“We have a choice to make, we can once again let Washington’s bad habits stand in the way of progress.”


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