November 23rd, 2008
11:50 AM ET
12 years ago

Obama will 'do what's necessary' to fix economy, aide says

Senior adviser David Axelrod says it will take the 'best people we can find' to carry out Obama's economic plan.

Senior adviser David Axelrod says it will take the 'best people we can find' to carry out Obama's economic plan.

(CNN) - President-elect Barack Obama's top adviser insisted Sunday that Obama's economic plan would be big enough to handle the country's financial challenges, but he declined to speculate about how large the plan would need to be.

During the presidential campaign, Obama proposed a $175 billion stimulus package over a two-year period, but some of his economic advisers have said recently that the package would need to be much larger.

Asked if Obama would scale up the package, given the economic conditions, Obama's incoming senior adviser, David Axelrod, said he thinks Obama is "going to do what's necessary."

"I'm not going to throw a figure out here. What he said is, he wants a plan big enough to deal with the large challenges we face. And I think there's a growing consensus across the spectrum among economists that we're going to have to do something big," Axelrod said Sunday on ABC's "This Week."

Obama on Saturday offered an outline of his economic recovery plan to create 2.5 million jobs by 2011, saying American workers will rebuild the nation's roads and bridges, modernize its schools and create more sources of alternative energy.

Details of the plan are still being worked out by his economic team, Obama said, but he hopes to sign the two-year, nationwide plan shortly after taking office January 20.

Obama noted he will need support from both Democrats and Republicans to pass such a plan, and said he welcomes suggestions from both sides of the aisle.

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Filed under: Candidate Barack Obama
soundoff (85 Responses)
  1. Buckeye

    Eisenhower warned us about the parasitic military industrial complex 47 years ago. It has grown astronomically since then and put our nation into over 10 trillion dollars in debt. Dismantle it, and bring all US troops home from abroad. That should pump about $800 billion per year into the productive economy.

    November 23, 2008 02:29 pm at 2:29 pm |
  2. Remy

    Can you tell why Bush economy failed?

    I think you have no idea about MARXIST ideology but you are happy to brand Obama as a marxist because you expect people will hate Obama.

    Think intelligently and dont make stupid postings!

    November 23, 2008 02:30 pm at 2:30 pm |
  3. Mike

    How can tax increases stimulate the economy?

    November 23, 2008 02:31 pm at 2:31 pm |
  4. facts are facts

    To Steve:

    You are the type of moron that has created the state of the economy as it exists now. Your so simple minded you can't relate what you want is what you have had for the past 8 years.

    On second thought you aren't likely a real person just a paid troll of the Republican Party so stick it in your ear America will thrive despite people of your ilk.

    November 23, 2008 02:38 pm at 2:38 pm |
  5. Jack

    I sure hope he picks someone at Treasury who has more experience than he has. Oh wait, he can just name someone from the Clinton administration since that is where he is getting most of the people from his cabinet so far.

    November 23, 2008 02:55 pm at 2:55 pm |
  6. proud republican

    steve i didn't hear you whining about tax cuts under bush and all of our jobs were being shipped overseas.

    November 23, 2008 02:57 pm at 2:57 pm |
  7. bk

    2 words-BUY AMERICAN! -We need to get back to taking care of American instead of China.

    November 23, 2008 02:57 pm at 2:57 pm |
  8. Former republican army wife

    My goodness people, can we ever get past the silliness? Does anyone really care about Obama's aunt? There are millions of illegal immigrants here. How, in any way whatsoever does this affect the Obama presidency? This is pathetic, bitter, sore-loser, silliness! Illegal immigrants, should be dealt with, however to keep complaining about one in a sea of millions is kinda sad. I really feel bad for these people who just can't let go of their bitterness about their candidate losing. This is a news story about the economy, yet one troll always has something to say about some obscure campaign argument. Get over it people. Complaining about Obamas aunt isn't going to fix the economy, not going to get Obama out of office, it's not going to help end the war. It's old news!!!!!

    November 23, 2008 03:04 pm at 3:04 pm |
  9. Frustrated

    I am amazed that there are some people crying that what Obama proposes is a "socialized economy" on their dollar. So you think corporate welfare is okay. What about sending billions of dollars of aid to foreign countries? And spending...if you look at history you will find that Republicans have been the ones responsible for increased spending. You want to point the finger and say Democrats tax tax spend. Republicans borrow borrow spend. That's why my kids and grandkids will have to sell off parts of America to pay off all of our debt.

    November 23, 2008 03:04 pm at 3:04 pm |
  10. mark from new york

    why do some people hate immigrants. remember that our ancestors were immigrants. they came from africa and europe. so, stop this nonsense. check the american story.

    November 23, 2008 03:10 pm at 3:10 pm |
  11. Meka

    America can give thanks to the Republican Party!

    With the Conserative thought process, it has lead the US into dispair!

    November 23, 2008 03:15 pm at 3:15 pm |
  12. Farrell, Houston, Tx

    All the negative complaints about Obama's solution for the economy just goes to show you have no plan, just a negative complaint. Those that do have a solution, there's a job opening for you in Washington.

    November 23, 2008 03:17 pm at 3:17 pm |
  13. Joe Regis

    The good time of the 90's under Bill CLinton will be here again. Obama's recovery plan will have an immediat impact I believe. The sluggish ecenomy will start to briskly recover by the middle of Dec. of 08; and it would not be surprising to see the dow goes to about 10,000 again by year end.

    This is the most comprehensive plan since the 30's.

    November 23, 2008 03:19 pm at 3:19 pm |
  14. Wisest one of All

    That racist empty suit hussein nobama has no clue about what to do. The only people more stupid than nobama are his retard worshippers. Proven fact!

    November 23, 2008 03:24 pm at 3:24 pm |
  15. Janine

    Steve in Las Vegas,NV

    I totally agree. I live in Las Vegas also and I wish the government would do more to solve this problem. It's a big problem here in Las Vegas.

    November 23, 2008 03:26 pm at 3:26 pm |
  16. No Hillary = No Obama

    During the primaries Obama showed the world his grandiosity. I think he needs a reality check. This is the problem with narcissism,- every thing can be fixed, every thing has to be bigger and better, he will offer grand plans and leave people feeling disappointed. Listen to what he is saying now – millions of jobs created, the economy fixed – this is just a sampling of his grandiose thinking. I don't recall JFK offering the country a silver platter, but then again, JFK was a true leader.

    November 23, 2008 03:28 pm at 3:28 pm |
  17. Ted:Canada

    Some of YOU or so STUPID!

    Or suffer from Psychiatric problems – SERIOUSLY – GET HELP!
    Those of you who use the words like “socialism” and “conservative” to explain anything and everything –

    We live in a diverse global world – more complicated than ever!

    Your old government put you in this HOLE – and many others!

    Obama has it right!

    Create Jobs
    Change World Wide Competitiveness

    Thank God – you finally got a President with brains and is smart enough to find out what is really happening and plans accordingly – and just as important – he does not get caught up in silly “old word games” as if they really meant anything any more!

    November 23, 2008 03:55 pm at 3:55 pm |
  18. CD

    Let us not forget that this economic mess happened and is still happening under the Bush administration. By the way, where is Bush? Maybe now that Obama has pacified the "Bill and Hillary" show, he can concentrate on coming up with a plan to fo fix Bush's mess.

    November 23, 2008 04:00 pm at 4:00 pm |
  19. Roberta

    To Wisest One of All: That racist empty suit hussein nobama? Really? You're not only racist, you're downright disrepectful.
    That's President Elect Obama, Mr Obama or Barack Obama to you.

    To But why doesn't Obama support gay rights?: Proposition 8 was a state thing. It's not the President's job to make state law. Plus, Proposition 8 was not for equal rights for gays/lesbians. It was for special rights. You can get married to any member of the opposite sex same as me. I cannot get married to a member of the same sex, same as you.

    November 23, 2008 04:01 pm at 4:01 pm |
  20. Willy Brown

    Obama will wave his magic wand and all will "Change" It's called tax you're backside till you fall down.

    November 23, 2008 04:03 pm at 4:03 pm |
  21. Sharon

    Come on people give the President-elect a chance. As he said before he is not in the office yet so he have no said. Change is going to come once he is in office & times is going to be hard for everyone. Obama stated that in his address. He will have to clean-up the mess that was left behind and it won't be overnight.

    Lets be real for all the haters you just can't get over a BLACK MAN for president. Just admit it. Before you start throwing stones give him a chance he just might surprise you.

    November 23, 2008 04:17 pm at 4:17 pm |
  22. Nothing ever changes

    Wisest one of All:

    Your name betrays your rhetoric, you do not strike me as wise, you strike me as single minded, ethnocentric, full of vitriol and more over insulting. It is people such as you who fuel the hatred that still thrives beneath the surface in our society. It is people like you who have little faith in yourself or others. Finally it is people like you who got Obama elected, most American's are sick and tired of the vitriolic colloquia that is the Republican Party and it's far right wing.

    I applaud and thank you for your efforts in getting Obama elected, you and your cohorts have done the country a great service. You have shown that America still believe in positivism and hopefulness, your rhetoric has proven once again that short sighted, fearful, doomsayers such as you are marginal at best.

    November 23, 2008 04:17 pm at 4:17 pm |
  23. Kathy

    Obama doesn't have the courage or the sense to get us out of this mess. He will in fact not create more jobs simply by taxing the heck out of the business owners. As a business owner who is always looking for good employees, I will have to cut my workforce to handle the tax burden. My plan would be to make welfare only available to working people or the elderly or disabled. We could reduce the amount paid to them according to their income. Now, people who draw welfare don't work and have way too much time on their hands to get into trouble, (crime). Also, I would like to see drug tests in public housing projects, if they test positive, no brainer, kick them out. In order to get people to work again, we've got to make welfare what it should be, a crutch, not a fricking wheelchair.

    November 23, 2008 04:20 pm at 4:20 pm |
  24. Nothing ever changes


    Judging by your statements it is clear you have no idea what Marxism is but to give you the benefit of the doubt. I would be very interested in hearing your definition of the Marxist ideology, I would be very interested in hearing your thoughts on exactly where Marxism came from and who fathered the idea.

    November 23, 2008 04:22 pm at 4:22 pm |
  25. ME IN FL

    Mark from NY

    Immigrants are people that come to this country with all their documents in order and according to US Immigration laws. What we are talking about here is "illegal aliens", these are people that come, most of them across the border, take away our jobs because since they are illegal they are paid less. They also are taking advantage of our healthcare system and education system besides being a great source of identity theft, they do not pay taxes, you and I do. So you see, they do not provide anything for us, as a matter of fact, they take away from us.

    What has to be done is secure our borders, all the illegal immigrants get them out of our country, heavy fines and jail for those who employ them and if they want to come they should come legally, go through the process as many of others have done.

    November 23, 2008 04:27 pm at 4:27 pm |
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