On the first day of what is to be a two-week economic tour around the country, Barack Obama said Monday that lawmakers should inject another $50 billion immediately into the sluggish U.S. economy.
The presumptive Democratic presidential nominee cited the largest monthly increase in the unemployment rate in over 20 years, and record highs in oil prices, food prices and foreclosures.
"Such relief can't wait until the next president takes office. ... That's why I've called for another round of fiscal stimulus, an immediate $50 billion to help those who've been hit hardest by this economic downturn," Obama told a crowd in Raleigh, N.C.
Yeah, because the current one has been such a smashing success.
Didn't Obama bad mouth the previous stimulus package?
It's not that the economy has taken a downturn, it's the high cost of oil as well as bad mortgage decisions by all involved. This is simply the market place adjusting itself. Nothing more.
Travis
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