Obama: Economy to get worse before it improves

Obama says economy to get worse before it gets better; priority is on recovery plan

DAVID ESPO
AP News

Dec 07, 2008 10:15 EST

President-elect Barack Obama said the economy seems destined to get worse before it gets better and he pledged a recovery plan "that is equal to the task ahead."

Obama also said in an interview broadcast Sunday that the survival of the domestic car-making capacity is important, yet any bailout must be "conditioned on an auto industry emerging at the end of the process that actually works."