Obama calls for supporting his economic rescue plan

In one of the starkest warnings given out by president-elect Barack Obama he stated that the United States economy faces a risk of going on a downward spiral journey that could last for years if his initiated rescue plan is not implemented and supported to its fullest.

His aides have been placing pressure on him to back down until he assumes office saying that the country can have only one president at a time. He brushed aside the appeal of his aides and boldly made the statement public. Such deep involvement by a president elect before taking office has rarely been witnessed. Yet on the Gaza issue Mr. Obama has remained silent.

Mr. Obama had a consultation with Bush in the White House a day before which is what sparked the future president to make his appeal. He warned

“This recession could linger for years.” His solution to the problem is a massive job creation program along with major tax cuts which he wants the congress to adopt as soon as possible.

The future president said “I don’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon as possible. If nothing is done… the unemployment rate could reach double digits.” He said the economic meltdown had followed “after a period of profound irresponsibility.” From the common American citizen to the political leaders and specifically the Wall Street have been irresponsible regarding the economy which is why the country is in the current problem.

Mr. Obama has been intervening in matters of the economy since the last four days. Yesterday’s efforts were however the most high profile involvement that he has shown so far. He addressed those Republicans that that had been criticizing his program saying in his own defense that the rescue initiative was more than “just a public works programme.” The program, if implemented is aimed at creating over three million jobs that is going to “spark the creation of a new clean energy economy.”

The president elect has also shown interested in making renewable energy sources more accessible. He aims to double the amount that is currently being generated so that around 75% of the government buildings can be made more energy efficient along with a large number of homes. These measures would enable the U.S to save billions of dollars and create millions of jobs.