Grab yor ankles and hold tight.

CEOs urge $500B stimulus from Obama

WASHINGTON - A group of business executives on Tuesday urged President-elect Barack Obama to "quickly implement" a large stimulus package soon after taking office.

The stimulus should be in the range of $500 billion, said Roger Ferguson, chief executive of asset management company TIAA-CREF, an amount much larger than has been mentioned by Democrats in Congress.

In a speech to the conference, Larry Summers cited a report by Goldman Sachs that suggested the stimulus should be in the range of $500 billion to $700 billion.

Days after winning the election, Obama said if a second stimulus package does not get done in the current lame-duck session of Congress, "it will be the first thing I get done as president of the United States."

http://www.msnbc.msn.com/id/27791141/