Obama: Economy will get worse before it gets better

TAKING his economic pitch on the road yesterday, US President-elect Barack Obama promoted his plans to create long-lasting, well-paying jobs in cutting-edge industries like alternative energy as part of his mammoth plan to pull the country out of recession.

“It’s not too late to change course — but only if we take dramatic action as soon as possible,” the president-elect said as he sought an early victory on his stimulus programme.

He pledged: “The first job of my administration is to put people back to work and get our economy moving again.”