Obama: government can help

Steve Hawley, Jan 08, 09.

President-elect Barack Obama believes that “only government can provide the short-term boost necessary to lift us from a recession this deep and severe,” according to ABC’s blog The Note. “Dust off the FDR references: Obama is making the case that government is the answer after all,” says reporter Rick Klein. Obama will deliver his remarks today at 10 am CT in an effort to overcome public skepticism about government intervention in the economy. While the costs of such intervention may create trillion-dollar deficits, he argues that the consequences of doing nothing will be even more severe. He also asserts that his American Recovery and Reinvestment Plan will invest wisely rather than simply throwing money at problems.