Obama calls for prompt action on economic stimulus plan

By
January 31, 2009 04:16

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

US President Barack Obama seized on grim economic news Friday to push his economic stimulus bill, urging lawmakers to act boldly and overcome partisan divisions to counter a "continuing disaster" for Americans. The House of Representatives approved the massive spending bill this week without any votes from opposition Republicans. It now goes to the Senate, where Obama was hoping for some Republican support for the plan he says is crucial to reviving a teetering US economy. "The recession is deepening, and the urgency of our economic crisis is growing," Obama said Friday. "So this is a difficult moment, but I believe, if we act boldly and swiftly, it can be an American moment when we work through our differences together and overcome our divisions to face this crisis." The government reported Friday that the US economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century. Obama used the new data to speak of meeting people on the campaign trail and hearing about lost jobs, homes foreclosed, hours cut and benefits slashed.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Sen. Marco Rubio speaks with reporters in Washington in July
December 9, 2018
Rubio: Trump pardon of former campaign chair Manafort 'terrible mistake'

By REUTERS