Obama warns of need for stimulus bill right away

No different than when the Bush Administration did the same thing last fall, "pass the big spending bill or we are doomed". We should not commit to spending $1 trillion without a long debate. Using fear has been the way many freedoms have been usurped historically. -Lou

Obama warns of need for stimulus bill right away

WASHINGTON – President Barack Obama warned on Thursday that failure to act on an economic recovery package could plunge the nation into a long-lasting recession that might prove irreversible, a fresh call to a recalcitrant Congress to move quickly.

In an op-ed piece in The Washington Post, the president argued that each day without his stimulus package, Americans lose more jobs, savings and homes. His message came as congressional leaders struggle to control the huge stimulus bill that's been growing larger by the day in the Senate.

The addition of a new tax break for homebuyers Wednesday evening sent the price tag well past $900 billion.

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http://news.yahoo.com/s/ap/20090205/ap_on_go_pr_wh/congress_stimulus_126