November 15th, 2008
09:00 AM ET
6 years ago

Obama urges Congress to work on plan to right economy

Obama said an economic stimulus package will be his first priority.
Obama said an economic stimulus package will be his first priority.

(CNN) - President-elect Barack Obama urged Congress on Saturday to work next week on a plan to help the country's economy and in particular address unemployment insurance.

"If Congress does not pass an immediate plan that gives the economy the boost it needs, I will make it my first order of business as president," he said in his weekly address, which is posted online.

"I urge them to pass at least a down payment on a rescue plan that will create jobs, relieve the squeeze on families and help get the economy growing again," he said.

"In particular, we cannot afford to delay providing help for the more than one million Americans who will have exhausted their unemployment insurance by the end of this year."

According to a CNN/Opinion Research Corporation poll released Thursday, 76 percent of Americans said they believe it is likely that Obama will improve economic conditions. In addition, 73 percent of those surveyed said they believe that Obama will bring stability to the financial markets.

Obama, who won 53 percent of the popular vote on November 4, takes office January 20. Many have compared the obstacles that face him to those Franklin Delano Roosevelt confronted when he won the 1932 election.

"Make no mistake," Obama warned Saturday. "This is the greatest economic challenge of our times."

However, he added, "I am more hopeful than ever that America will rise once again."


Filed under: Candidate Barack Obama
soundoff (55 Responses)
  1. Anna

    Some of you people are funny predicting a Hillary Clinton plot to overthrow Obama in 2012.
    If there was ever a moment in our electoral history when a Party member challenged their own incumbent for the Office of the Presidency after his first term...and prevailed, no less, tell us about it.
    I am curious.

    The whole idea is absurd. The Party may as well admit the failure of their own Administration and hand the power over to the Enemy.

    Boy, I am glad I dont have a lot of extra money to do much more these days than read some of this stuff. So entertaining. Hold that thought BO about economic improvement.

    November 15, 2008 12:23 pm at 12:23 pm |
  2. Anna

    of course I am not referring to when, as in the case of LBJ/RMN, the incumbent steps down or decides not to seek another term...
    then again, we all know the results of those elections following too.

    Oh, I was kidding BHO!
    Whip our 'esteemed' Congress into shape-we need resourceful legislation that will help stimulate our economic growth and alleviate our woe!

    November 15, 2008 12:31 pm at 12:31 pm |
  3. Trevor, SD

    It's so good to know that we'll have a president who's focussed on us, for a change. The GOP doesn't deserve to be in leadership, they've squandered the trust between the government and the people. They need to be in exile for awhile.

    November 15, 2008 12:31 pm at 12:31 pm |
  4. Annjell

    I feel that Obama really feels the pain of Americans. However, I feel the GOP will do everything in its power to make Obama fail. Should this happen, I don't believe the GOP will ever be forgiven for this and they can kiss the entire party goodbye. Afterall, there are other parties gaining more attraction – Independents.

    I say this, because, now that Bush is leaving office, he is doing everything he can with deregulations to destroy the economy. Now I am hearing the credit card companies are getting ready to raise interest rates on credit cards – REALLY?

    I truly feel that the GOP is trying to govern and rule like the middle eastern countries – like, say, the Ayatollah's and Imams. Why is religion taking center front in our elections? They've taken prayer out of the schools. However, with the recent behavior of these churches, maybe, just maybe, this was with good reason. So can we now take it out of politics?

    I believe if Obama has to spend his first term reversing all of the laws, regulations, executive orders of the Bush administration, he deserves a second term. Not only that, we, the American people have no idea what have really taken place here – we won't know until the new administration takes office. This is because, what is supposed to be news is not really news or just excerpts of the news.

    Sad, but true, I have to look at BBC and Bloomberg to balance what I see on any news I watch. Why, because, instead of news, we get Britney Spears or Sarah Palin shoved down our throats. I subscribed to cable news to get news, not to listen to soundbites about the likes of Britney or Sarah.

    You want to talk about Sarah, then talk about why she treated your newscasters like they were the paparrazi. Talk about why she likes to control the interview. Talk about why you are still covering her after she called you guys jerks and stinkers. Talk about her lack of education and her resemblance to Jack Kingston of Georgia. Talk about how she's a motor mouth – talking but not saying much – gee, she gets on my nerves.

    November 15, 2008 12:32 pm at 12:32 pm |
  5. Richard Nelson

    It will be difficult to remedy the Barack Market. The first step will require admission that Frank's promotion of Fannie and Freddie and deadbeat debtors caused the crisis.

    November 15, 2008 12:34 pm at 12:34 pm |
  6. pam Eugene OR

    Please remember Barack is not our President yet. Bush still has control and he WILL do a lot more harm before he leaves office in 2 months.
    Obama will face huge challenges helping America recover from the near fatal condition Bush will leave us with.

    November 15, 2008 12:37 pm at 12:37 pm |
  7. AL

    ON 1/21/09, OBAMA WILL BE OFFICALLY IN THE DRIVERS SEAT. EITHER HE WILL END HIS OFFICE WITH THE FAME OR THE BLAME. THOUGH I AM A HILLARY SUPPORTER, I WOULD LIKE IT IF OBAMA DOES A GOOD JOB, BUT AGAIN IT WILL BE THE FAME OR THE BLAME AT THE END OF THE STORY. GOOD LUCK AND REMEMBER JUST BECAUSE I DID NOT VOTE FOR BARACK THIS TRIP IN FOUR YEARS IT WILL BE MY HONOR TO VOTE FOR HIM OR MY SITUATION THAT PREVENTS ME FROM VOTING FOR HIM.

    2012 ;-)

    November 15, 2008 12:49 pm at 12:49 pm |
  8. Socialist Obama Hugger

    This president must be protected at all costs. He is very important to the world's near future. He is important to this country's well-being. And he's important to me.

    November 15, 2008 01:03 pm at 1:03 pm |
  9. katiec

    We will not survive unless the republicans START putting our
    country first. They MUST work will ALL of congress to try
    and right their mismanagement of the last eight years.
    They must stop their postering, finger pointing, ego trips,
    negativity and start doing what is right.
    I have yet to hear them talk about or admit any responsibility
    for what has happened to our country,
    Americans we must shot loud and clear that we have had
    ENOUGH!!!!

    November 15, 2008 01:05 pm at 1:05 pm |
  10. Mark, B'ham., Al.

    If Obama's request for what to do about the economy to President Bush failed after he did what the democrats wanted by throwing more money at it, you Bush-haters would blame Bush and not Obama who pushed the policies. Also Obama wants all the money thrown at the economy now so he can use it against the republicans in 2012 about the deficits. Let the companies fix themselves through bankrupcy court and no way Americans should bail out people who got mortages for homes they could not pay for in the first place. Let them work it out with their mortage company. We have people around here who say on the radio that they do not have to pay their house payment or car payments since Obama was elected and will take care of them.

    November 15, 2008 01:07 pm at 1:07 pm |
  11. Alabama

    Its OK, I'm sure Mr. Obama...Ivey League Graduate can out think a ignorant "C" college grad :)

    November 15, 2008 01:09 pm at 1:09 pm |
  12. Anonymous

    PALIN VOTED FOR OBAMA.......Google her interview at the voting polls...when asked who she voted for she quoted her right to privacy......she could not say herself because she knew it was a lie AND GOD WOULD NOT APPROVE OF THAT!!!!! True Christian to the end!

    November 15, 2008 01:13 pm at 1:13 pm |
  13. jenmarie

    We all have the responsibility now to be educated on what is going on in Congress. We need to be supportive of those who favor positive change and support ideas that will lead this country out of financial turmoil and onto stable ground.

    November 15, 2008 01:14 pm at 1:14 pm |
  14. Janet

    PALIN VOTED FOR OBAMA.......Google her interview at the voting polls...when asked who she voted for she quoted her right to privacy......she could not say herself because she knew it was a lie AND GOD WOULD NOT APPROVE OF THAT!!!!! True Christian to the end!

    November 15, 2008 01:14 pm at 1:14 pm |
  15. Donna

    The U.S. is holding it's breath until Obama is our president.In the meantime Pres.Bush it seems, is doing everything he can to show Obama who is the boss.I wish we could just impeach him and be done with his reign of terror on this country!

    November 15, 2008 01:14 pm at 1:14 pm |
  16. Mike Dallas

    While I do still have a job, I feel sympathy for those who do not and whose unemployment benefits are about to expire. No income, no savings and no help from the Reptilian party in Congress to extend the benefits.

    Very sad, that they are willing to force families into a desperate situation just because NOW they want smaller government.

    November 15, 2008 01:23 pm at 1:23 pm |
  17. Jack

    Congress can get started but, without a 60 seat democrat senate there will be no serious change.

    The republican party is not going to give up on cheap labor, defunct social programs, or tax shelters for the rich as long as they have a filibuster to block progress.

    They have already shifted the wealth to the top few percent so they can sit back and obstruct while enjoying the good life.

    November 15, 2008 01:26 pm at 1:26 pm |
  18. Adoum

    I think Obama could give a hand for the Economic crisis but now American People lose everything so People need a positive plan to Stimulate this Crisis from the USA and G20 before Obama will take office in January.
    Please,Bush Administration and G20 ,should you make a decision can help this Crisis Because People are very touch,Immagine if somebody lose his Job,his House,his Car.....
    IT MEANS THIS PERSON LOSE HIS LIFE,OH! BUSH ADMINISTRATION AND G20 IMMAGINE YOU ARE THIS PERSON I MENTION AND MAKE A DECISION TO HELP THOSE PEOPLE AS SOON AS POSSIBLE!
    PEOPLE HOPE!
    THANKS!

    November 15, 2008 01:30 pm at 1:30 pm |
  19. Kathy

    He doesn't need any help. He'll fail all by himself. He doesn't care about hard working taxpaying Americans, Just low lifes who refuse to work and live off the taxpayers. You'll see.

    November 15, 2008 01:31 pm at 1:31 pm |
  20. Brian

    I just hope that Congress gets moving fast if they really want to help this country!

    As for the current administration, your time is almost up!

    Don't let the golden doors of the White House hit you on the way out.

    November 15, 2008 01:35 pm at 1:35 pm |
  21. GARY

    GET IT DONE. YOU HAVE ENOUGH BS,. PROMISES NOW DELIVER.

    November 15, 2008 01:35 pm at 1:35 pm |
  22. Nobody Asked Larry But...

    Without jobs, this county will go nowhere fast. We need to kick start this economy fast, like yesterday. One of the problems i see with this is that President Elect Barack Obama cannot do much officially until he takes office inaugaration day January 20, 2009. Current President Bush may do whatever is possible, without getting caught with his hand in the cookie jar, to make things difficult for Obama so that he, Obama, does not credit for any early success. After all, good old boy Georgie boy does not want anything to tarnish his legacy as he exits the stage.

    November 15, 2008 01:36 pm at 1:36 pm |
  23. Ken

    The three automotive companies spent themselves into bankruptcy to get out from under the unions. They did this with the full knowledge and compliance of President Bush and the outgoing Repubicans in Congress. They will go bankrupt, reorganize, and the union will be out. See if I am right.

    November 15, 2008 01:39 pm at 1:39 pm |
  24. Texas Teacher

    Annjell.... you said it all, my dear! :) Shut my mouth, Girl... or Guy... you said it all! *LOL*

    November 15, 2008 01:43 pm at 1:43 pm |
  25. Credit Card Republicans

    Did you say Paulson and Bernacke just went on an extended vacation in Dubai with $700.000.000 of the Americans taxpayers money?I hope CNN can catch up to them.

    November 15, 2008 01:46 pm at 1:46 pm |
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