The White House press office has been kind enough to provide advance excerpts of President Barack Obama's opening remarks before tonight's news conference."[W]e’ve put in place a comprehensive strategy designed to attack this crisis on all fronts. It’s a strategy to create jobs, to help responsible homeowners, to re-start lending, and to grow our economy over the long-term. And we are beginning to see signs of progress.
"The budget I submitted to Congress will build our economic recovery on a stronger foundation, so that we do not face another crisis like this ten or twenty years from now. We invest in the renewable sources of energy that will lead to new jobs, new businesses, and less dependence on foreign oil. We invest in our schools and our teachers so that our children have the skills they need to compete with any workers in the world. We invest in reform that will bring down the cost of health care for families, businesses, and our government. And in this budget, we have made the tough choices necessary to cut our deficit in half by the end of my first term – even under the most pessimistic estimates.
"At the end of the day, the best way to bring our deficit down in the long run is not with a budget that continues the very same policies that have led to a narrow prosperity and massive debt. It’s with a budget that leads to broad economic growth by moving from an era of borrow and spend to one where we save and invest.
"That’s what clean energy jobs and businesses will do. That’s what a highly-skilled workforce will do. That’s what an efficient health care system that controls costs and entitlements like Medicare and Medicaid will do. That’s why this budget is inseparable from this recovery – because it is what lays the foundation for a secure and lasting prosperity.
"We will recover from this recession. But it will take time, it will take patience, and it will take an understanding that when we all work together; when each of us looks beyond our own short-term interests to the wider set of obligations we have to each other – that’s when we succeed. That’s when we prosper. And that’s what is needed right now. So let us look toward the future with a renewed sense of common purpose, a renewed determination, and most importantly, a renewed confidence that a better day will come."
He back pedaled on the tax cut; couldn't do the deficit math or explain the quadruple Bush debt time bomb he's leaving to Sasha and Malia; continued to shill for the corporations that financed his campaign. He's a classic.
ReplyDelete"He's an Uncle Tom for corporate America. He's been one since since his Senate days."
Ralph Nader
Here come the haters!
ReplyDeleteNo Problem... just keep printing money! What Me Worry? He even looks a little like Alfred E. Newman!
ReplyDeleteMy outlook for the future of the country has officially gone from extremely nervous to fear. It really has nothing to do with which person occupies the White House. To be frank, if we didn't have someone like Obama, who (still) has a high approval rating from the general public, I believe we would be witnessing widespread civil unrest by a demoralized and increasingly desparate populace.
ReplyDeleteIn the next 6 mos., possibly sooner, the gov't will reach a point where it will be unable to finance the national debt. The consequences would be disasterous, as large portions of the public sector will cease to function. China is already openly discussing a one world currency.
Sorry to be so cheerful, but I have a sinking feeling that we as a nation are rapidly approaching the point of getting a no confidence vote from the rest of the world.
I miss Bush already!
ReplyDeleteI came to the same conclusion several years ago. I was smart enough to get out of the stock market in time to preserve much of my 401k.
ReplyDeleteI have been buying silver since 9/11 and have built quite a stack. If the fiat currency collapses because we cannot sell our debt, I'll still be able to buy beer.
Silver has tripled in value since I began buying.
Why is returning our money (in the form of a "middle-class" tax cut) the first thing to go.
ReplyDeleteI guarantee you that we know more about what our families need than the government does.
Business as usual.. name calling! And that solves what?
ReplyDeleteObama aside... Let us pretend for a moment that McCain/Palin won. What would have been done differently? I've google'd and found nothing said by McCain regarding the last few weeks. Perhaps someone can find the McCain solution? I can't.
So the next closest creditable commentary comes from Jim Cramer. So I will let Jim (which I agree with) comment for my point of view on this.
(click on my name)
I love how all of a sudden people are all concerned about deficit spending... of course when our deficit sky rocketed under Bush it was perfectly fine.
ReplyDeleteIt reminds me of my wingnut high school social studies teacher back in high school who went on a 45 minute rant about how deficit spending under Reagan was a good thing.
Apparently you can have it both ways... or principles only matter when you don't control the White House.
Nice try, but there's deficit spending, and then there's quadrupling the deficit in just 60 days (without starting a war!) with no hope of pay down for the foreseeable future - as he admitted last night.
ReplyDeleteObama has re-written the books on deficit spending and couldn't explain to a CBS reporter how he wasn't leaving a mess for the next guy - based upon the White House Budget Office's projections (let alone the much higher projections of the CBO).
The middle class tax rebate is gone, veterans are screwed on their health care, but he continues to pass out money to his corporation friends who got him elected.
He's more like Bush than Bush.
I am sure it is a little late for anyone to check back on this discussion, but, anyone does and you have the time you can copy and paste these video site addresses. Draw your own conclusions.
ReplyDeleteFed's "quantitative easing" explained for the layman:
http://marketplace.publicradio.org/videos/whiteboard/quantitative_easing.shtml
and for any of you who trust those ecomomic talking heads on TV:
http://www.youtube.com/watch?v=2I0QN-FYkpw
-No earmarks
ReplyDelete-No lobbyists
-48 hours and five days
-Go through the bill line by line
-How many trillions now?
-Ayers, Rezko, Wright, Blago will always be in the closet
-TAX CHEATS GALORE for cabinet picks
-"Crisis, crisis, crisis" and "Catastrophe, catastrophe, castasrophe" one minute and well, the Telepromter DID NOT go through all that crap again last night
-AIG bonuses WERE KNOWN ABOUT AND THE FAKE OUTRAGE IS B.S. and everybody knows it
-Congressional Budget Office loves him
-SOLDIERS PAYING FOR OWN HEALTH CARE IS GREAT!
-Nationalizing businesses is great
-Health care for illegal aliens is great
-MANDATORY VOLUNTEER SERVICE sounds awesome and completely American!
-Telepromter, teleprompter, telepromter
-25 DVDs to English Primie Minister???
-Rahm Emanuel
-Special Olympics is priceless
-Yuking it up on 60 Minutes???
WHEEEEEEEEEEEEEEE
OBAMA IS THE GREATEST PRESIDENT EVER
(And I have many bridges all over the place to sell - get a hold of me)
Actually, Obama IS the greatest President ever (for a professional campaigner)
Hey Democrats,
You could've had Hillary...but it would not be anywhere near as comical!
Thanks
Obama blows Bush away. Thank you God for him. He has a real chance of undoing the damage of Bush because he is on his game. I know history will show him as one of the best presidents ever, the opposite of the last one.
ReplyDelete