Obama warns of dire consequences without stimulus

(AP) - President-elect Barack Obama warned of direand long-lasting consequences if Congress doesn't pumpunprecedented dollars into the national economy, making an urgentpitch Thursday for his

FAIRFAX, Va. - (AP) - President-elect Barack Obama warned of direand long-lasting consequences if Congress doesn't pumpunprecedented dollars into the national economy, making an urgentpitch Thursday for his mammoth spending proposal in his firstspeech since the election.

"In short, a bad situation could become dramatically worse" ifWashington doesn't go far enough to address the spreading crisis,the Democrat said as fresh economic reports showed an outlookgrowing increasingly grim.

In the speech at George Mason University outside Washington,Obama asked Congress to work with him "day and night, on weekendsif necessary" to pass a revival plan within the next few weeks sothat it can be ready for his signature shortly after he takesoffice on Jan. 20.

The president-elect cast blame on "an era of profoundirresponsibility that stretched from corporate boardrooms to thehalls of power in Washington." But he added, "The very fact thatthis crisis is largely of our own making means that it is notbeyond our ability to solve."

"I don't believe it's too late to change course, but it will beif we don't take dramatic action as soon as possible," he said.

Obama laid out goals of doubling the production of alternativeenergy over three years, updating most federal buildings to improveenergy efficiency, making medical records electronic, expandingbroadband networks and updating schools and universities.

"It's a plan that represents not just new policy but a wholenew approach to meeting our most urgent challenges," Obama said.

To watch Obama's full speech, go to Channel 612 on your iO digital cable box and selet iO Extra.

advertisement | advertise on News 12

Trending Video

Karen Ivers took part in her last graduation 1 Bridgeport nursing director retiring after 35 years
Thousands of people are rallying together in cities 2 Women march in solidarity in Stamford
Bridgeport police say a woman is in critical 3 Police: Woman shot in the head in Bridgeport
Soto's family describes the 31-year-old as funny, helpful, 4 Family mourns death of Stamford man killed in crash
Stamford police say one man is recovering after 5 Police: Man critical after Stamford store shooting

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE