Obama: Urgent action needed to combat layoffs
Published: Friday, January 9, 2009 at 11:32 a.m.
Last Modified: Friday, January 9, 2009 at 11:32 a.m.
WASHINGTON — President-elect Barack Obama called the latest U.S. job losses on Friday "a stark reminder of how urgently action is needed" to revive the nation's staggering economy. He said he was open to fresh ideas from Congress.
"Just show me. If you can show me that something is going to work, I will welcome it. If it works better than something I've proposed, I'll welcome it," Obama told a news conference.
He spoke shortly after the Labor Department reported job losses of 524,000 in December and a 7.2 percent unemployment rate, the highest in 16 years.
He said the jobs report made quick action by Congress even more imperative.
"What we can't do is drag this out when we just saw a half a million more job losses," Obama said.
He noted that jobs were lost in all 12 months of 2008, and he called it "the single worst year of job losses since World War II."
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