Obama: 'Economy Won't Recover Overnight'
President-Elect Promotes Economic Plans In Ohio
Friday, January 16, 2009 – updated: 11:09 am PST January 16, 2009
Taking his economic pitch on the road, President-elect Barack Obama promoted his plans to create long-lasting, well-paying jobs in cutting-edge industries like alternative energy as part of his mammoth plan to pull the country out of recession.
"It's not too late to change course -- but only if we take dramatic action as soon as possible," the president-elect said. He pledged: "The first job of my administration is to put people back to work and get our economy moving again." Obama spoke to workers at a factory in Bedford Heights, Ohio, that makes parts for wind turbines, a fitting backdrop as he talked of alternative energy dollars included in the mammoth spending package that could reach $1 trillion by the time Congress sends it to the White House. "We're not looking to create just any kind of jobs here," Obama said. "We're looking to create good jobs that pay well and won't be shipped overseas. Jobs that don't just put people to work in the short term, but position our economy to be on the cutting edge in the long-term. That starts with new, clean sources of energy."On Thursday, a divided Senate approved Obama's request for $350 billion in unspent financial bailout funds. The 52-42 vote releases the money in the midst of rising foreclosures and a worsening climate for the nation's banks. It marked Obama's first legislative victory, days before he assumes office. The vote came amid strong opposition from critics of how the first $350 billion has been spent.
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