President-elect Barack Obama has called again for "immediate and dramatic action" to deal with the deepening US economic crisis that has cost millions of Americans their jobs.
In his weekly radio and YouTube broadcast address on Saturday, Obama pointed out that he has taken the unusual step of working ahead of his Jan. 20 inauguration with members of his own Democratic Party as well as the rival Republicans to seek consensus on a plan to stimulate a recovery from the recession.
"If nothing is done, economists from across the spectrum tell us that this recession could linger for years and the unemployment rate could reach double digits - and they warn that our nation could lose the competitive edge that has served as a foundation for our strength and standing in the world," he said.
The president-elect said that a new analysis by his economic advisers indicated that his economic recovery plan "will likely save or create three to four million jobs."
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