Obama warns economy will get even worse

[The Master]

The economic recession will get significantly worse before it starts to improve, President-elect Barack Obama said in an interview broadcast Sunday, seeking to tamp down expectations that have risen as he prepares to assume the presidency in 44 days.

“If you look at the unemployment numbers ... the fragility of the financial system and the fact that it’s an international system,” the recession “is a big problem, and it’s going to get worse,” Obama told NBC News’ Tom Brokaw on Saturday. The interview aired Sunday on NBC’s “Meet the Press.”

Acknowledging that his agenda had changed sharply just in the month since he was elected, Obama said passing a short-term economic stimulus package was now his top priority.

(Excerpt) Read more at msnbc.msn.com ...

[The Master]

His spending plan will send this country into default. Most people know that when you have less money coming in than you have going out that the only rational way to fix that problem is to cut expenses. Instead he is going to try to continue at hyper speed the process began by Bush and Paulson. He is going to run this country into the ground in only the way a true socialist can.

[Deepskyy]

That man lives in a fantasy land in his head.
Public Works projects will not help this economy because it produces NO NEW WEALTH.
It takes tax money from everyone else, and gives it to someone who didn't have a job before, which is redistribution, but the amount of usable income stays the same, or maybe even drops, depending on the tax rate.
The vast majority of the american populace has developed a case of severe economic retardation...

[Myles]

This is going to be interesting...
"Acknowledging that his agenda had changed sharply just in the month since he was elected" lol Once again he actually slightly coming down from dream world. They need to take the picture of his face once he sees that deficit and the amount he actually wants to through out there.