WASHINGTON (AP) — President-elect Barack Obama says the economy is going to get worse before it gets better. There are about six weeks before his inauguration and Obama says his top priority is to have an economic recovery plan that is equal to the task ahead. Obama also wants to make sure the domestic auto industry doesn’t disappear. But he says that if taxpayer money is at stake in a rescue plan, there must be some guarantee of a viable industry that emerges.—-Contact The Daily Reveille’s news staff at [email protected]
Obama: Economy to get worse before it improves
By The Associated Press
December 7, 2008