We will confront economic crisis head on: Obama

By IANS,

Chicago : Surrounded by his economic advisers at his first news conference since election, US President-elect Barack Obama Friday promised to address the current economic crisis urgently and called for a rescue plan for the middle class.

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“We are facing the greatest economic challenge of the life time,” Obama said and promised,” We will confront the crisis head on.”

Stressing that he would develop a strong policy to address the middle class, he said: “My goal is to provide tax relief. 95 percent of Americans will get tax cut under my plan.”