REPORTS
OBAMA'S TAKE ON THE ECONOMY
January 08, 2009 11:38 AM
Newsy.com is watching developments as the world reacts to U.S. President-elect Barack Obama's speech on the U.S. Economy.
AP
The Associated Press analyzes the speech with a skeptical approach. It points out some voids the president-elect has yet to cover in his speech.
“ … his remarks shed no new light on the details of his plan that could cost as much as $775 billion over two years in tax cuts and spending. And, he said little about the unprecedented red ink and rising debt confronting the government, even after spending days reassuring the public and Congress that he is committed to tackling long-term deficits after the economy rebounds.”
“ … his remarks shed no new light on the details of his plan that could cost as much as $775 billion over two years in tax cuts and spending. And, he said little about the unprecedented red ink and rising debt confronting the government, even after spending days reassuring the public and Congress that he is committed to tackling long-term deficits after the economy rebounds.”
BBC
The BBC examines the European stock markets after Obama’s speech and reports a positive outcome despite the gloomy trading figures in the U.S. It quotes a London-based senior strategist:
“The message is just going down well. There is a belief that there's something about this man and something about this plan.”
“The message is just going down well. There is a belief that there's something about this man and something about this plan.”
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