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

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

[cnn-photo-caption image= caption="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. jimmy

    Obama, those who have the high obscene income to loose, want you to not tax it or bail out the big firms who caused this problem. Don't listen to them — keep on your path. Tax them and also tax gas to get the US treasury back on track and to get America less dependent on oil.

    So, tax the rich AND tax gas? Don't poor people buy gas, too? Let's just raise everyone's income taxes to 50% and get it over with...that's where we're headed anyway. The only fix is to stop spending, and we won't be doing that anytime soon.

    November 23, 2008 04:28 pm at 4:28 pm |
  2. james

    These folks are trilateral and council of foreign relations members. Their goal is to destroy the sovereignty of the US borders and form a n Americas of the western hemispere. David Rockefeller said if he's accused of the goal of wanting to destroy the sovereighty of OUR borders, then he's proud of the accusation. One world order and one global monetary system and a depreciating lifestyle of Americans to finance other people of other lands. That is their intent. They do NOT support the constitution. Never have. The intent........just the ACLU was intended is to create a problem through disruption and allow THEM to fix it. That's how it works. The sad part is, no one beleives it. That is exactly how they want you to think. The news media and entertainment world is dominated by atheist humanist........They shall not succeed. The lord will have final say.

    November 23, 2008 04:29 pm at 4:29 pm |
  3. worriedmom

    I am sorry but every time I look at Axelrod he looks like Hitler to me. He needs to get rid of the mustache!! he is scary!

    November 23, 2008 04:32 pm at 4:32 pm |
  4. thomas

    Housing prices, stagnant wages, high interest rates, and high energy costs led us into this economic chasm. To find our way out of this mess, we must travel the same roads that brought us here.

    November 23, 2008 04:44 pm at 4:44 pm |
  5. Janine

    Wisest one of All-

    You write about proven fact...where are YOUR facts? You are the empty suit with nothing constructive to write.

    November 23, 2008 04:45 pm at 4:45 pm |
  6. Steve in Las Vegas,NV

    To clairify my first posted comment, I am NOT racist in any way. My point is ANYONE who enters our country legally, ie; GreenCard, applying for citizenship,etc, should be welcomed and have all the opportunities as anyone else. Just don't expect to be rewarded for breaking into our country illeaglly and taking those benefits and jobs for those already here or working towards being a citizen.

    It really dosent matter WHERE they come from or why they are here(jobs,etc). This applies to all. No exceptions!!!

    November 23, 2008 04:45 pm at 4:45 pm |
  7. gregg

    texas teacher,, u r a hoot... a visitor from meheco,,, paper shacks,, what with the new york times,,, or cnn paper flows,,, its done with ,, obama won... i hate it ,, he is like the paper boy.. who becomes editor of well,, the new york times,,,i hope it goes well,,, i really doubt it will.. but since all of africa and europe love obama so much ,, maybe they will send all our money back,, why not

    November 23, 2008 04:45 pm at 4:45 pm |
  8. christi

    To Wisest One of All:

    Obviously, you are NOT the wisest one of all. It appears that you are the racist empty suit...

    November 23, 2008 04:46 pm at 4:46 pm |
  9. Annie, Atlanta

    I just hope whatever President Obama decides to do when the time comes, it's enough to help restore what the Republicans have destroyed.

    And what is our current president doing? Are his off shore and Swiss bank accounts and those of his friends more than flush after ripping us blind the last eight years? Is that what happened to the $9B in cash that disappeared early on in Iraq?

    November 23, 2008 04:48 pm at 4:48 pm |
  10. Your Choice

    Keep up the nonsense and rhetoric, Republicans, and you will continue to stay in the minority, losing even more members (me included).
    You can help work towards finding solutions, as Obama is trying to do for our country. Most Americans choose the latter and leaders who work together.

    November 23, 2008 10:55 pm at 10:55 pm |
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