“Ye offspring of vipers, who warned you to flee from the wrath to come?” Luke 3:7

Obama: Catastrophe coming if rescue isn’t passed

Wed, 4th February, 2009 - Posted by Joshuah

I think we’ve heard this before.  Aren’t we supposed to be experiencing something called “change”?

Source: Yahoo! News

Republicans tried to push back against the ballooning size of President Barack Obama’s economic recovery plan Wednesday even as he said the financial crisis would turn into “a catastrophe” unless the bill passed quickly.

Obama summoned centrist senators to the White House to discuss a plan to cut more than $50 billion in spending from the measure, which now tops $900 billion and appears headed higher.

Sens. Susan Collins, R-Maine, and Ben Nelson, D-Neb., tentatively have agreed to trim that amount, a Nelson spokesman said, though details were not immediately available.

Their effort is central to building at some bipartisan support for legislation that has come under increasing attack for too much spending unrelated to jolting the economy right away.

Obama indicated he is amenable to changes.

“No plan is perfect, and we should work to make it stronger,” Obama said at the White House. “Let’s not make the perfect the enemy of the essential. Let’s show people all over our country who are looking for leadership in this difficult time that we are equal to the task.”

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Category : Economics