WORLD> America
|
WORLD> America
|
|
Obama says US must choose 'hope over fear'
(Agencies)
Updated: 2009-01-21 02:07 To the dismay of liberals, Obama invited conservative evangelical pastor Rick Warren, an opponent of gay rights, to give the inaugural invocation.
About a dozen members of Obama's Cabinet and top appointees were ready for Senate confirmation Tuesday, provided no objections were raised. But Republican Sen. John Cornyn of Texas indicated he would block a move to immediately confirm Secretary of State-designate Hillary Rodham Clinton. Still, she is expected to be approved in a roll call vote Wednesday.
Among the VIPs at the Capitol was pilot Chesley "Sully" Sullenberger, the hero of last week's US Airways crash into the Hudson River. Obama's inauguration represents a time of renewal and optimism for a nation gripped by fear and anxiety. Stark numbers tell the story of an economic debacle unrivaled since the 1930s. Eleven million people have lost their jobs, pushing the unemployment rate to 7.2 percent, a 16-year high. One in 10 US homeowners is delinquent on mortgage payments or in arrears. And the Dow Jones industrial average fell by 33.8 percent in 2008, the worst decline since 1931, and stocks lost $10 trillion in value between October 2007 and November 2008. Obama and congressional Democrats are working on an $825 billion economic recovery bill that would provide an enormous infusion of public spending and tax cuts. Obama also will have at his disposal the remaining $350 billion in the federal financial bailout fund. His goal is to save or create 3 million jobs and put banks back in the job of lending to customers. In an appeal for bipartisanship, Obama honored defeated Republican presidential rival John McCain at a dinner Monday night. "There are few Americans who understand this need for common purpose and common effort better than John McCain," Obama said. Young and untested, Obama is a man of enormous confidence and electrifying oratorical skills. Hopes for Obama are extremely high, suggesting that Americans are willing to give him a long honeymoon to strengthen the economy and lift the financial gloom. On Wednesday, his first working day in office, Obama is expected to redeem his campaign promise to begin the withdrawal of US forces from Iraq under a 16-month timetable. Aides said he would summon the Joint Chiefs of Staff to the Oval Office and order that the pullout commence.
|
