Thursday, November 20, 2008

Emanuel Lets the Cat of the Bag: Obama will Use Economic Crisis to Push Agenda -- Threatens a Revolt and Mandatory Collective Solutions

What can I tell you? Just read and reflect. You guys are smart. You'll know the score.

President-elect Barack Obama's incoming White House chief of staff challenged chief executives and other business leaders Tuesday night to join the new administration in a push for universal health care, saying incremental increases in coverage won't be acceptable.

"When it gets rough out there, a lot of business leaders get out of the car and say, 'We're OK with minor reform.' I'm challenging you today, we're going to have to do big, serious things," Rahm Emanuel said, speaking to The Wall Street Journal's CEO Council, a conference convened to elicit corporate opinion on the challenges facing the new president.

He said business leaders should help find solutions to the middle-class squeeze or face a revolt. "We need a strategy as a country to make sure they have an opportunity to move up that ladder," he said.

Mr. Emanuel promised that a major economic stimulus would be "the first order of business" for Mr. Obama when he takes office Jan. 20. The focus of spending will be on infrastructure, specifically "green infrastructure," which he said would include mass transit, upgraded electricity transmission lines, "smart" electrical meters that allow consumers to save money by using electricity at off-peak hours, and universal broadband Internet access, which he said would encourage telecommuting.

He stressed that the new administration would "throw long and deep," taking advantage of the economic crisis to push wholesale changes in health care, taxes, financial re-regulation and energy. "The American people in two successive elections have voted for change, and change cannot be allowed to die on the doorsteps of Washington," Mr. Emanuel said.

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