Obama: Expect Another Stimulus Packageby Tim Manni
In his first press conference since becoming elected president, Barack Obama addressed reporters after a meeting with the “transition economic advisory board, a high-powered collection of business, academic and government leaders.” The press conference offered virtually nothing in the way of announcements. Perhaps the only definite that Obama led onto was the need for a second stimulus:
“We are going to need to see a stimulus package passed, either before or after inauguration.”
Mr. Obama says he’d like to see a stimulus package “sooner rather than later,” and if not passed in the lame-duck session, he will do it first thing when he takes office.
The president-elect is not expected to announce his choice for treasury secretary today or over the weekend. Sources say Mr. Obama is considering former Treasury Secretary Lawrence Summers, former Federal Reserve Chairman Paul Volcker, and former Treasury Secretary Robert Rubin for the position.
With the likelihood of a second stimulus being passed “sooner rather than later,” as a consumer, what do you believe should be included?
Click here to read the full text of President-elect Obama’s remarks.