Tuesday, February 3, 2009

Obama to hit airwaves for economic stimulus

The Obama administration is planning a media blitz as senators debate over changes to his economic stimulus package.

Obama will saturate U.S. television with ads urging Congress to approve the $885 billion plan.

Democrats want more funding for transportation infrastructure especially mass transit. Republicans are asking for a large range of cuts in "wasteful" spending.

The tug-of-war goes on as reports continue to flow out demonstrating the depth of the economic troubles both in the U.S. and abroad.

However, Obama's "Buy American" clause drew concern abroad including amongst the country's allies. "Beggar thy neighbour policies will never give a good result," IMF chief Dominique Strauss-Kahn said in a speech in Tokyo.

Many economic analysts note that the depths of the Great Depression are widely believed to have been caused partly by a worldwide trade war sparked by U.S. protectionist legislation.

Sydney Morning Herald
Obama plans media blitz on stimulus plan
USA Today - 1 hour ago
By Ron Edmonds, AP WASHINGTON (AP) - President Obama planned Tuesday to blanket US television with the message that Congress must approve hundreds of billions of dollars to fight off economic collapse.
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