Obama, Bush urge different approaches to ease financial crisis

[babylonsister]

Actually, Mr. Rosen, this was his second radio address, but don't let facts get in the way.

Obama, Bush urge different approaches to ease financial crisis
By James Rosen | McClatchy Newspapers



WASHINGTON — The incoming and outgoing presidents Saturday urged solutions to the country's economic crisis that seemed to be worlds apart.

President-elect Barack Obama, reversing his post-election practice of not announcing major policy initiatives until he takes office, promised a sweeping, New Deal-like plan to jump-start the economy by creating 2.5 million public works and alternative-energy jobs as he implicitly criticized President Bush yet called for bipartisan support.

Bush, meeting with international leaders in Peru, warned against government intervention in free markets after weeks of overseeing one of the largest government financial interventions in U.S. history.

The two captains seemed to be trying to steer the ship of state in very different directions. Even more unusual was that Obama offered his policy prescriptions while Bush was abroad and speaking on a similar theme.

Obama, in the first of what aides say will be weekly radio addresses to the nation, said he will take aggressive steps to revive the economy after his Jan. 20 inauguration.

"I have already directed my economic team to come up with an Economy Recovery Plan that will mean 2.5 million more jobs by January of 2011 - a plan big enough to meet the challenges we face that I intend to sign soon after taking office," Obama said.

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http://www.mcclatchydc.com/251/story/56333.html

[SpiralHawk]

1. "My approach is to hand over buckets of taxpayer money to republicon cronies." - Commander AWOL

"Smirk." - Commander AWOL & cabal of fatcat republicon cronies

[geckosfeet]

3. That is a precise summary hawk. bUSh policy distilled to its essence. eom

[stray cat]

2. Bush's policies over the last 8 year have really been helpful

:sarcasm: