President Barack Obama insisted on Monday that only government can jolt the economy out of deep recession and offered an olive branch to longtime foe Iran, scrapping years of past U.S. policies.
Taking his case directly to the recession-weary American people, Obama used his first White House news conference to exhort Congress to act in the coming week on an $800 billion economic stimulus package expected to help define his young presidency.
Obama, who won the White House on a promise of change after eight years of George W. Bush, signaled his intention to keep making clean breaks with the past on everything from the role of government to the wisdom of talking to the United States'' enemies.
"With the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back to life," the Democratic president said during a televised prime-time appearance in the East Room of the White House 20 days after his inauguration.
It was effectively a repudiation of Ronald Reagan''s "small government" legacy, a Republican doctrine Bush pushed for much of his tenure but which he was forced to abandon when aides urged massive intervention to prevent financial collapse.
Obama declared that a massive new government program was now needed without further delay to tackle what he termed "the most profound economic emergency since the Great Depression" and prevent a full-blown crisis from becoming a catastrophe.
Emomali Rahmon holds meeting with Tajiks living in Italy
Deputy head of Shahritous district detained on suspicion of bribery
Precious metals and gems account for 48.5% of Tajikistan’s total exports in Q1 this year
Tourism Development Committee releases the 2nd report on the risk of plague; this time, it says the risk is minimal
Eight members of Tajik opposition group detained in Rome
Tajikistan-Italy investment forum result sin signing of contracts worth more than US$160 million
Emomali Rahmon meets with WeBuild Group CEO in Rome to discuss the progress of construction of Roghun HPP
The population of Central Asia expected to exceed 1000 million by 2050
Tajikistan authorities warn about the risk of appearance of the plague in the country
Dushanbe to host international exhibition-fair from May 3-5
All news
Авторизуйтесь, пожалуйста