Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Orszag: Obama inherited economic woes

|
|
 
  
Office of Management and Budget Director Peter R. Orszag testifies before the House Budget Committee regarding U.S. President Barack Obama's fiscal year 2010 budget on Capitol Hill in Washington on March 3, 2009. (UPI Photo/Roger L. Wollenberg) 
Published: March. 8, 2009 at 8:40 PM

WASHINGTON, March 8 (UPI) -- U.S. President Barack Obama inherited an economic mess from his predecessor, White House Budget Director Peter Orszag said Sunday.

But even so, Orszag said he remains confident the new administration can tackle the nation's economic woes.

"We are like a relief pitcher stepping into the ninth inning and we can't just redo the whole game," Orszag said on CBS' "Face the Nation," noting that the nation's economic woes have been "eight years in the making."

Orszag took aim also at recent Republican plans to help put the U.S. economy back on track. He said the senior Republican on the House Budget Committee, Rep. Paul Ryan of Wisconsin, has proposed $3 trillion dollars in tax cuts "for the wealthy and corporations" as a way of jumpstarting the economy.

"As Ronald Reagan once put it, there they go again," Orszag said. "We have had eight years of one approach, did not work."

Topics: Barack Obama, Peter Orszag
Recommended Stories
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The Tibetan Moniam Festival in China Super Bowl XLVI ticker tape victory parade The making of the Oscars
The Chicago Auto Show The Most Desirable Women of 2012 Tu Bishvat Migron settlement
Additional Top News Stories
1 of 21
President Obama Signs Smuggling Prevention Act at White House
View Caption
fark
You're a female air traveler and there's no female TSA agent to screen you? No problem, there's...
Despite their efforts to convince you otherwise, many "foodies" can't, in a blind taste test, tell...
Photoshop this urban underground dweller
Kim Jong Un Dead. I repeat - Un Dead
Nothing is more romantic on Valentine's Day than taking your lover on a tour of New York's sewers...
Man arrested for writing 'bomb' on some toilet paper. "His family says the word 'bomb' is often...