March 1, 2009
By: Sarah Horner
In this article from cnn.com Suze Orman discusses the future of consumer finance and how President Obama's stimulus package will help people.
"King: Do you see anything encouraging?
Orman: Yes. Here's what I see encouraging: The stimulus got passed. [Obama] has a plan. We now have to give him our support to make this plan help everybody. I wish everybody would stop saying it is dire -- including the president. Stop telling everybody that it's dire, it's this, it's that.
We have a plan. Let's see what we can do. Let's deal with the housing crisis now, as well. And if we could just keep doing this, little by little, we're going to get through it.
Is it going to be easy?
No. But we will eventually get through it. We need time, though, Larry.
King: ... You just said don't be negative. White House press secretary Robert Gibbs says the economy has not yet bottomed out and things are probably going to get worse before they improve.
Why does that hurt to say that?
Orman: Well, it doesn't hurt to say that. That's realistic. However, I wish all the bickering now between the Republicans and the Democrats -- I wish all of that would just stop. The stimulus got passed. Let's all get on board together now. Let's all be in one boat versus having one leg in one boat, another leg in another boat and then there we go and we sink.
Will it get worse before it gets better?
It probably will, Larry. We're in, really, in a situation where, as I've been saying, I don't think anybody had any idea how bad it really was. However, we have started to turn it around. It's going to take time."
Click here to read the entire article.
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