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Economy to Get Worse Before it Improves

President-elect Barack Obama said that the economy seems destined to get worse before it gets better, reports MPR.

Obama pledged a recovery plan "that is equal to the task ahead."

In an interview broadcast on Dec. 7, Obama said that any bailout must be "conditioned on an auto industry emerging at the end of the process that actually works."

Obama takes office in six weeks and has said that help for homeowners is a part of his plan.

The president-elect announced on Dec. 6 that he would call for the most massive spending on public works since the creation of the interstate highway system a half-century ago. His first priority would be projects that would create jobs right away.