In between returning to Chicago from his weeklong vacation in Hawaii and his imminent move to Washington, President-elect Obama took a moment to drop his weekly address, where the focus was the economic stimulus package that he is putting together to present before Congress.
After some initial hopes that the stimulus package could possibly be signed on Obama's first day in office, word this week was that Republican lawmakers might stall that from happening to thoroughly comb over the proposal. Obama was encouraging rapid movement on the plan today, saying, "Economists from across the political spectrum agree that if we don’t act swiftly and boldly, we could see a much deeper economic downturn that could lead to double digit unemployment and the American Dream slipping further and further out of reach."
Word is that the new stimulus plan, expected sometime this week, could run from $675 to $775 billion.
