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CHICAGO, Nov 22 (Reuters) - U.S. President-elect Barack Obama said on Saturday that he was crafting an aggressive, two-year stimulus plan to revive the troubled economy, warning that swift action was needed to prevent a deep slump and a spiral of falling prices.
"If we don't act swiftly and boldly, most experts now believe that we could lose millions of jobs next year," Obama said in prepared remarks for the weekly Democratic radio and video address.
"We now risk falling into a deflationary spiral that could increase our massive debt even further," he said.
Member Submitted News
A San Francisco deputy public defender was taken into custody Tuesday afternoon at the Hall of Justice after she asked why city police officers were questioning her client outside a courtroomportos
Proof of US Sponsored coup in Ukraine - Ukrainian politician before the violent demonstrations on Maidan: "US Embassy in Kiev ran a project called TechCamp to train activists in organizing protests, information warfare, and toppling governments...alexmark
Wall Street is a threat to the American middle class The middle class is a hot political property for Republicans and Democrats alike, but the middle class can't be saved unless Wall Street is tamed. Robert Reichsuman
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