Obama hails stimulus victory, says more to do

[biopowertoday]

Its friday the 13th. I will off the well deserved congrats for the Dems and the WH till after the votes. I am Leary of a jink.

http://news.yahoo.com/s/ap/20090213/ap_on_go_pr_wh/obama_stimulus/print


Obama hails stimulus victory, says more to do


By JENNIFER LOVEN,

AP White House Correspondent Jennifer Loven, Ap White House Correspondent 36 mins ago

WASHINGTON – With Congress poised to hand him a big victory on the stimulus plan, President Barack Obama hailed the massive bill and the "spirited debate" that accompanied it.

But he also warned Friday that much more work will be needed to transform the ailing economy.

"Passing this plan is a critical step," Obama told a group at the White House. "But as important as it is, it's only the beginning of what we must do to turn our economy around."

Other needed actions, Obama said, include implementing the newly reconfigured $700 billion financial industry bailout program, announcing an effort to stem home foreclosures, reforming the regulation that governs the nation's financial sector and crafting what he called a "responsible" federal budget. These are all points that he'd made repeatedly in recent days.

Obama also plans to announce a housing program, perhaps as soon as next week. His administration in the coming weeks will be unveiling its proposals for overhauling regulations and presenting its first budget request to Congress.

[Skink]

1. Passing a budget and an energy pakage with an eye toward the future.

He's got support from the whole country. Time to step on the gas.