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) 
License photo
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
Notable deaths of 2012 Scripps National Spelling Bee AmfAR Cinema Against AIDS gala
Indianapolis 500 Presidential Medal of Freedom Memorial Day around the nation
Additional Top News Stories
1 of 27
Snigdha Nandipati of San Diego wins Finals of the Scripps National Spelling Bee
View Caption
Snigdha Nandipati of San Diego, California watches confetti rain down as she wins the two-day Scripps National Spelling Bee championship, May 31, 2012, in National Harbor, Maryland. Nandipati successfully spelled the word .* guetapens *, meaning to lure or ambush. UPI/Mike Theiler
fark
You got your peanut butter in my flame retardant You got your flame retardant in my peanut butter...
Photoshop this monitor mug on a motorcycle
Human barcoding: Coming to an Isle near you
Sex $30. The ride, $10. And the cost for the traffic ticket that got you arrested and your name...
Cow helps shy Englishman propose to his cow-crazy girlfriend. Thanks, Rosie
Your Canadian girlfriend just won an award for how many wieners she can stick in her mouth