Obama Seeks to Assure Nervous Governors on Economy

President-elect Barack Obama is pledging quick work on an economic recovery plan to include tax cuts and increased federal spending and telling the nation's governors he wants their help in designing it.

By: Associated Press | WSAV News 3
Published: December 02, 2008

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PHILADELPHIA (AP) - President-elect Barack Obama is pledging quick work on an economic recovery plan to include tax cuts and increased federal spending and telling the nation's governors he wants their help in designing it.

As he sat down with governors struggling with budget deficits at home, Obama said he wants to "put tax cuts into the pockets of hard-pressed middle class families." He also said Tuesday that he intends to "make a down payment on the investments we need to build a strong economy for years to come."

Vice President Joe Biden told the same group he hopes they will not criticize the incoming administration for raising the deficit as it tries to help them.