Obama launches economic whirlwind

(See copyright at Yahoo!)

WASHINGTON – President Barack Obama launches an economic whirlwind this week, signing the newly passed $787 billion economic stimulus package in Colorado, before moving to Arizona to tackle the home mortgage foreclosure crisis.

As he struggles to lift the country from the worst economic downturn since the Great Depression of the 1930s, Obama termed passage of the stimulus package a "major milestone on our road to recovery."

Of perhaps equal importance will be his effort to reverse the collapsing housing market that triggered a financial crisis of still-unknown proportions. Read more…

Posted by mashget on 2009-02-15 15:11:22

Tagged: , Consumer Spending , Economic Downturn , Economic Stimulus Package , Government Investment , Great Depression , Massive Government , Mortgage Foreclosure , Republican Support