U.S. President-elect Barack Obama says his administration will
immediately begin efforts to restore the economy when he is sworn into
office on January 20th.
During the Democratic weekly radio address on Saturday,
Mr. Obama said the country has no time to lose and that an economic
stimulus package should be passed as soon as possible.
He promised to
move swiftly on a plan for working class families to stem the economic
crisis and restore long term economic prosperity. He also said his
administration would evaluate the U.S. bailout of the financial
industry to ensure it is not "unduly" rewarding managers of
corporations that received government help.
The President-elect also
promised to push ahead with priorities like
developing clean energy, reforming healthcare, and improving education.
Mr. Obama warned that difficult choices will have to be made. But he
said America will succeed if everyone sets partisanship aside and works
together as one nation.
U.S. President George Bush said on saturday Mr. Obama can count on
the White House to help ensure he makes a seamless transition to power.
During his weekly radio address Mr. Bush said a smooth transfer of
power is his top priority.
Mr. Bush and President-elect Obama will meet on Monday to discuss the