Obama Again Using The FEAR Factor With Stimulus Bill PassageSubmitted by SteveMT on Wed, 02/04/2009 - 13:51
Obama: Catastrophe coming if Congress doesn't act
Obama tells Congress economic crisis will become catastrophe if rescue bill isn't passed
* Andrew Taylor, Associated Press Writer
* Wednesday February 4, 2009, 11:36 am EST
WASHINGTON (AP) -- President Barack Obama said Wednesday the recession will turn into "a catastrophe" if the economic stimulus is not passed quickly, lobbying anew for the plan as its price tag climbed above $900 billion and drew more criticism.
The president rejected several complaints about the plan, including arguments that tax cuts alone would solve the problem or that longer-term goals such as energy independence and health care reform should wait. Obama opposed such piecemeal approaches.