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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Obama urges patience on economic stimulus plan AP - Monday, July 13 WASHINGTON - With the economy still firmly in the grip of a tenacious recession, President Barack Obama is urging Americans to have patience and give his economic recovery plan time to work. ADVERTISEMENT Restating themes he laid out in his weekly radio and Internet address, Obama said in an op-ed posted early Sunday on The Washington Post's Web site that his $787 billion stimulus program was not expected to return the economy to full health, but to provide a boost that would stop the free fall. "So far, it has done that," the president wrote. "It was, from the start, a two-year program, and it will steadily save and create jobs as it ramps up over this summer and fall." He said his stimulus plan must be given time to work and appealed to Americans, who are increasingly uneasy with rising unemployment and ballooning budget deficits, to let his plan "work the way it's supposed to, with the understanding that in any recession, unemployment tends to recover more slowly than other measures of economic activity." The public has said in polls that it was willing to give Obama time to deal with the economic mess he inherited from President George W. Bush, but with unemployment pushing toward 10 percent, that patience will likely be tested. Republicans, sensing a political opening, have seized the opportunity to argue that Obama's economic stimulus plan was expensive and ineffective. "Simply put, this is now President Obama's economy and the American people are beginning to question whether his policies are working," Rep. Eric Cantor of Virginia, the House Republican whip, said in the GOP's weekly address. Obama, in the op-ed, said "Even as we rescue this economy from a full-blown crisis, I have insisted that we must rebuild it better than before." Health care costs must be controlled, jobs created within the U.S., worker training programs established and budget deficits reduced, he said. ___ On the Net: http://www.washingtonpost.com http://www.whitehouse.gov Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: World Fighting kills at least 43 in Somali capitalReuters - Monday, July 13 AP source: Holder considering torture probeAP - Monday, July 13 Hurricane Carlos heading west over the PacificAP - Monday, July 13 AU soldiers help Somali forces as fighting ragesAP - Monday, July 13 Obama urges patience on economic stimulus planAP - Monday, July 13 Most Popular – World Viewed Pushy French are world's worst tourists: study Worst yet to come: White House economic advisor Miniskirts, cleavage upset male SKoreans: survey London's Big Ben clocks up 150 years Jackson 'best father' ever, daughter tells the world View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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