In his press conference yesterday -- with Treasury Secretary Geithner at his side -- President Obama finally made a lucid and forceful case for his economic stimulus package. Rejecting the "failed economic theories" that got us to this point, President Obama urged members of Congress to heed the demands of the American people and enact the change they voted for back in November in record numbers.
Now, in the past few days I've heard criticisms that this plan is somehow wanting, and these criticisms echo the very same failed economic theories that led us into this crisis in the first place -- the notion that tax cuts alone will solve all our problems; that we can ignore fundamental challenges like energy independence and the high cost of health care; that we can somehow deal with this in a piecemeal fashion and still expect our economy and our country to thrive.
I reject those theories. And so did the American people when they went to the polls in November and voted resoundingly for change. So I urge members of Congress to act without delay. No plan is perfect, and we should work to make it stronger. No one is more committed to making it stronger than me. But let's not make the perfect the enemy of the essential. Let's show people all over the country who are looking for leadership in this difficult time that we are equal to the task.
Make sure you read dday's fantastic post over at Digby's place. A sample:
Especially in the midst of this meltdown, we cannot sit back for a moment while the forces conspiring to maintain the failed status quo push ever forward. Forget about campaigning, this is governing. And while different rules apply, one thing is constant - nobody ever won the battle of ideas without speaking up.
Remember when conmen were charming like Ryan and Tatum O'Neal in Paper Moon?
Now they have rash limpballs and michelle (gri)malkin.
Diabolus est Deus Inversus
THAT IS PART OF WHAT HE IS TRYING TO CHANGE...IT IS THE RECOVERY BILL, PLEASE START CALLING IT THAT.. THE REPUBLICANS ARE CALLING IT STIMULUS AND SPENDING... BY COMPLETELY CHANGING IT HE IS MAKING IT DIFFERENT.
Preferably, in primetime.
He also needs to tell Pelosi and Reid in no uncertain terms: this is my first major piece of legislation and it can't be stacked with goodies the GOP will balk at and oppose.
President Obama has an op-ed in WaPo.
see http://www.washingtonpost.com/wp-dyn/content/...
Hiatt replies by calling for bipartisan, as in bendover, accommodation, of course.
I agree with the prime time speech, it is dearly needed right now. All the public is hearing is the media fog of what a failure everything is. He needs to lay out his case in words that we can all understand.
Ask anyone on the street what "mark to market" means, I doubt too many could tell you. I know I had to find out what it meant for myself and I'm not a total dummy. I think a clear description of where we are and where we need to go, along with how, would be welcomed by just about everyone.
Say what you mean. Mean what you say. But don't say it mean.
"You know what that is... scruples?"
"No, I don't know what it is but if you've got 'em, it's a sure bet they belong to somebody else!"
Boy does that line apply to everyone in congress.
Kucinich.
Sanders
Unfortunately neither of them command much attention except by a few of us out here.
Both of them I consider center left.
I am looking for some real leftists.
If any did get elected, in this country, they would probably be in a morgue shortly thereafter.
statusquObama, change you can only pretend in
If he rejects the policies, why is he hiring the same policy-makers to run his economic programs. Krugman (via MakeThemAccountable):
n/t
Isn't bromides what we take for an upset stomach?
Diabolus est Deus Inversus
Look Woody, I understand that you remain traumatized after the eight wretched years of Dubya, but two things: 1) Obama's NOT going to do or hire what and who YOU want. 2) Doing NOTHING will certainly make matters worse.
cowardice, mendacity, venality of politicians.
There is loads examples doing nothing and picking up the pieces works well, intervention always causes problems.
I have posted so many examples here on this my fingers are raw.
Krugman who gets waved here as a banner because he has a Nobel has not explained his positions at all. He is vague but if Nobel is what people here need, fine I'll give you a Nobel prize winner in economics who says the opposite of Krugman.
Take some time and look up what they have to say
Goodnight, Frau Blücher
for that!
________________
common sense matters as much as truth
Check out these hearings against Madoff's ponzi scheme. The SEC gets ripped big time by Rep. Gary Ackerman after the testimony of Markopolos, the investigator who was ignored by the SEC for 8 years. The video is in this article:
http://tpmmuckraker.talkingpointsmemo.com/har...
And here's Ackerman lambasting the SEC criminals:
http://www.youtube.com/watch?v=FOKSkaQoF_I
These videos, IMHO, are merely the tip of the economic crimes that were committed against the American people during the Bush years.
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
It isn't the "failed policies" that are the problem...it's the blatant pork in his "recovery" bill.
What's needed is not less "pork," it's more.
What's pork to one is a vital public-works project for somebody else...
The thing is, it's already about two years too late to actually do anymore than patch up the worst bleeding...
What is needed is public works....not STD education funds and money for new office furniture for the Homeland Gestapo.
If you think more pork is the answer then you need to be able explain.
If you can't then you are living on hope without a foundation
Goodnight, Frau Blücher
what is the PORK.
n/t
so tell me New
Thu, 02/05/2009 - 08:21 — FloydGeorge104
what is the PORK
____________________________________________
Soylent Green.
Diabolus est Deus Inversus
Why doesn't anyone for the stimulus ever explain...
Vindication and hell are coming to breakfast, some of us here have warned over and over but it looks like the ignorant and those with "just get on the bus" mentality the need to learn the hard way, again.
Glad I have some kind of an financial ark built for this moment.
Goodnight, Frau Blücher
a partisan political play. Nothing more. Throw lots of crap at the wall and hope something sticks, in this case, it's mega borrowed money.
Where were you guys when Bush borrowed money to fight wars and cut taxes? Were you worried then? Did you protest then?
I never see anyone answer when that question gets asked.
And exactly what is to be done about the evil Corporate Media and it's agenda to force feed the American people all the Corporate / Repiglican propaganda ? Their agenda could not be more clear because of their own self interest. Their 2 to 1, 3 to 1 Repiglican versus Democrates speaks for itself. The next thing we will know we will see Wolf 'i am not a corporate nazi' Blizter in Corporate Milatary Dress, complete with the CNN corporate logo , goose stepping with outstretched arms ala 'seig heil' all over his set, repeating in mind numbing repetition 'CNN, CNN, CNN ..........
Yes I quit watching the corporate media in 2003 don't watch any of the socalled news shows any more.
They are all on the corporate payroll, paid for touting the corporate line.
If you watch and read the msm for news you are a fool!
If you watch ANY American (?)News, all you get is a bag of shit.
Giving hard-earned and desperately needed tax money to DrugWarriors to continue their mad witch-hunt, when they've blown a trillion pre-Crash dollars on the past 40 years, is one such example of throwing good money after bad.
There have to be cuts as well as spending, and that spending needs to be targeted for social safety net programs until the economy can get back on its' feet again, and DARE programs, COPS programs, Byrne Grants, armored vehicles and private prisons don't feed the hungry kids of unemployed workers.
Given the mess we're in, it's long past time to get this country's priorities straight. Here's a golden opportunity to re-direct this country's slow and steady slide into fascism and incidentally strike a blow for civil liberties by scaling back the DrugWar...and using the money for more useful purposes than fattening the wallets of the Prison/Industrial Complex.
*claps*. Just one of the many examples of incredibly wasteful spending. This government doesn't just need a stimulus it needs an entire restructuring. When the foundation of your building is falling you don't stack more crap on top of it. I'm sure if we cut spending on all wasteful things and taxed corporations and wealthy people properly that national spending would be more than cut in half.
Good hes responding, its taken him a while but this is how Pres Barack has been. He rarely responds to the first attack but when he does its usually pretty forcefully. Now what he needs to do is do something like his Tax Cut program where you could type in your income and see your return, instead do job creation or job loss. Make a program that will show how many jobs will be lost at a given date and the cost of each job loss and show how many will be created with the passage of the stimulus package. He can figure this out it just takes a second to get his legs underneath him. And please for the love of God HIRE FUCKING PAUL KRUGMAN
LT
http://georgewashington2.blogspot.com/2009/02...
"Everyone knows that Milton Friedman advocated a kind of "disaster capitalism".
Specifically, as explained in the Shock Doctrine, whenever a natural, economic, war-related, or other disaster strikes, the Friedmanites pounce and use the opportunity to quickly impose a brand of economic policy which benefits the elite at the cost of everyone else (by increasing unemployment, pushing the cost of essential goods through the roof, and otherwise increasing poverty), while people are still in shock and before they can react.
Of course, the Bush administration also used the threat of catastrophe to ram through bad legislation. For example, Congressman Sherman says that Congress was warned by the Bush administration that martial law might have to be imposed if the original $700 billion bailout wasn't passed.
But its not just "conservatives" who play this game.
Obama said Wednesday the recession will turn into "a catastrophe" if the economic stimulus is not passed quickly:
"A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery, and a more uncertain future," he said. "That's why I feel such a sense of urgency . . . ."
And Obama's chief of staff - Rahm Emanuel - said recently:
Never let a serious crisis go to waste. What I mean by that is it's an opportunity to do things you couldn't do before.
That is classic shock doctrine: use crises - real or imagined - to ram through your pre-packaged agenda."
That quote you used from Rahm Emanuel is being used out of context. Listen to the whole thing here
Say what you mean. Mean what you say. But don't say it mean.
he is just giving you a sweet flavor for the medicine they are going to give us.
DO you think he would actually say were going to ram down these programs and you won't like them, but we have an opportunity of crisis to do so?
He absolutely uses the language of the shock doctrine. He just parses it with feel-goodisms.
Is it not possible that we are in a very serious situation here. Can't a crisis be a crisis and not something else?
Exactly! Just look at the long lines in towns where people are waiting to apply for a few precious jobs. Drive down the street and see how many houses are sitting empty. Look at the number of stores going out of business every day. Looks like a financial crisis to me
Say what you mean. Mean what you say. But don't say it mean.
those are after-effects of policy decisions at both the government and monetary levels.
do you think these decisions were made haphazardly?
No, they knew exactly what they were doing and what the effects of it would be.
Just like it details in Shock Doctrine. Are you so surprised that they would use those lessons learned in other countries and apply them here to achieve their ultimate goals?
Come on. You already know these people are crooks and probably highly functioning psychopaths - you think a little economic collapse - or phony excuses to go to war - are beyond them, just because they share some common heritage of being born in the USA?
and not just using fear to ram thru a "looky at the money we are spending" bill, then why do the employment numbers excuse for the bill, keep changing?
And if we don't take your brilliant advice, we're "kool-aid drinkers." { Deleted, Offensive. SiteMonitor}
seems to me all the so-called VETTED people you are referring to
GOT US INTO THIS FUCKING MESS.
gfyrb
gfyrb?
Well, that is one way to try to get respect for your view.
...you were ready to go after Obama on anything Nov. 4th. And Obama got us into this mess?
n/t
Trickle down economics will not die with dignity as long as there are enough Repug Senators to feed it's never satisfied urge to capture ALL wealth for the 2%.
The pussy Dems will capitulate on more tax breaks for businesses and leave the burden of paying the bill once again to the permanently fucked middle class.
And President Obama does not have the power to control the process......unfortunately.
Why do I say this? It should be apparent to everyone by now that the people that run our government are the 2%.....and that 2% do not pay taxes.
"Only poor people pay taxes"*
Leona Helmsley
*and the middle class!
'We, the People'............rimshot................hahahahahaha!
Hopefully Obama was doing what he did during the campaign and was getting his stuff together. Yes he does need to sell the plan and he does need to put the Republicans in their place. Sure, there may be some Republicans ideas that need to be included but they cannot be allowed to frame the issue. Get rid of the couple bullshit things that got put in by some idiot and then carry on with the way he was going to do it from the beginning. In the end the Republicans need to get on board or be left behind. But sell the damn thing!!!!
Obama's heading in the direction of GOPuke lite.
Predictably...
Do not lose sight of the fact that the Dems in Congress wrote the bill.
I love Paul Krugman, but if he really has all the answers like you seem to believe, he(and you of course) should demand a meeting with the President to lay out his plan...Obama said he's open to all suggestions.
I wonder how many ladies have felt the stimulus since he's been elected?
Diabolus est Deus Inversus
http://www.youtube.com/watch?v=dSEkOXRck6Y
the truth is that these make work jobs will only be a life boat to keep you afloat untill the money runs out then the boats going to start leaking like a seive! untill the corporations are controled where they cant move thier jobs out of the country its all just a pipe dream , they should be made to pay for the harm they did to america! instead we pay them to screw us , it was right there in front of us all the time and we sat back and did nothing , they sold our highways to other countrys , our sea ports to china and other potential enemys , building big seaports in mexico to get rid of our dependence on useing american truckers and long shoremen , ruin our highways with the wear and tare of crap made in china, now we have a bunch of dummycrats wanting to let these assholes rebuild american infrastructure with materials made from outside of america jesus christ , government what government? all america has become is a patsy , a bunch of dummys who believe that we still have a government by the people and for the people! of course its hard to rebuild america without crap made elsewhere cause we dont make anything here anymore, lets take back our manufactureing , and first make it here screw china and indis ect !
excellent post. right on the money.
in the senate will create 388 temporary jobs at a cost of over a million per job. Like John Amato says, bring out some real economists and let's hear them explain what exactly any of these things will do besides creating debt. Even Jon Stewart made fun of him last night. 100 million to insulate homes? That wouldn't even pay for a itty bitty town's houses.
And I was disappointed with Stewart for taking the cheap shot. Sometimes he can be a real dick...
If you took a survey, I'd bet fewer than 1 homeowner or renter in 20 actually knows the state or status of the insulation in their dwelling.
Or gives a fuck about it.
Properly insulating all the leaking buildings in the country would put a lot of peole to work doing things that would inevitably and undoubtedly save money and energy.
I think you are wrong about 1 in 20 not knowing about their insulation.
Thu, 02/05/2009 - 07:00 — ConcernedCanuck
"That wouldn't even pay for a itty bitty town's houses."
___________________________________________________________
How about an itty bitty titty club?
Diabolus est Deus Inversus
People seem to forget these 'jobs' are at the expense of an already burdened tax payer. It's called going deeper into debt.
So anyone what to explain why that is a solution.
Hey my credit card is maxed out, well lets go get a new one.
Goodnight, Frau Blücher
That he's trying to stick it to the repubs. I do not applaud the attempt to rescue the economy.
Well, Mr President, talk is nice but I think you've maybe blown it already...at least for a while Even though it should be clear (a) that tax cuts are not a cure and (b) that right now it is not really people with sufficient money who need more money, despite this you and your folks have caved to the GOPers and have proposed massive tax cuts which greatly reduce the money available for projects that can put the unemployed back to work,reduce unemployment and Medicaid expenses, and build infrastructure. Your pals have further muddied the waters by including some wholly extraneous matter in the stimulus bill, providing the obstructionists with credible ammunition which they have effectively used to sway public opinion against the stimulus. You have also brought into government more of the Goldman Sachs crowd (Paulson, Geithner, Summers) and these charlatans are planning for more of the Paulson crap and even worse (the Bad Bank), all of which will put more billions in the hands of the incompetent BankLords, draining wealth from ordinary taxpayers now and forevermore, and further alienating your potential supporters. You also have wasted a good bit of time playing kissy-kissy with the wingnut and obstructionist crowd, in the hopes that they'll be wowed by your personal magnetism and become decent people, but this wrong-headed effort only emboldens the obstructionists and the crazies, who now proudly proclaim that they are "resolute" in opposing any stimulus except tax cuts and that they want the whole effort to fail. Where did you ever get the idea that you could radically change people who have spent their entire craven lives preying on the poor and defenceless? Coyotes that they are, they smell fear and weakness and will harrass their prey until the death. Some of your inherited senior military commanders, sheltered apparently by the BushMan you have left in charge at the Pentagon, openly reject your program for Iraq and you do nothing about their insubordination. You've messed up three appointments, sabotaging your own credibility as a reformer and probably undermining the prospects for health care reform.
May I suggest, Mr President, that what the country needs is a bold and confident leader who can get things done, cut through all the GoldianKnotheads in Washington, not someone who keeps talking about what we need?
If there is a "silver lining" in your op-ed, it might be that you have recognized that the "Loyal Opposition" is an entirely Obstructionist Opposition that you cannot charm, and that therefore you need to build public support to pressure some of them into accepting reforms. But this would have been so much more likely of success had you exercised political realism at the outset instead of frittering away some of your advantages by seeking a fictional "bi-partisanship." Now you have to sway not only the obstructionists but a substantial part of the public as well, a public that was with you a month ago. Heckuva job!
Cuz then if/when it fails, and we're all circling the economic bowl, he can point to the GOPukes and say it wasn't just HIM who tubed the pooch...
Obama has been endorsing "bipartisanship" ever since his speech at the 2004 Democratic National Convention. But to you he's only using bipartisanship at opportune times. You see only what you want.
Me? No, I'm not at all suggesting that BO is using bipartisanship only at "opportune times." I am saying that given what the GOP is, has been, and always will be... he has been foolish to proclaim it as a goal all along.
I don't think Obama is worried about failure. I think he has full confidence in what he is doing. He is the type of person who do not believe in their own failure. If the opposition wants to come on board they are welcome but if they they want to obstruct then "see ya later alligator."
Finally . . . . Obama says it in plain everyday English. The present state of our economy is the result of 8 years of theorized belief that tax cuts cure the problem of a poor economy. This is not assumption ... our present economy is proof! Let's move on and save our Nation from total collapse.
...Porkus Maximuls Stimulus plan, what's the f-ing rush? I am we rush with the stupid Wall Street bailout and now everybody is going around saying what a foolish thing to do. Now here comes Obama, "Hey! you can't take the time to actually look at my proposal. You have to get it passed right away." I ain't buying it neither are lots of other people I talk to.
And another thing, tax cuts ain't the only that needs to be done to stimulate the economy. You have to cut government spending as well.
ex animo
davidfarrar
didn't the republicans use that very same tactic with the passage of the Patriot Act?
Are you Joe Scarborough? He said the same thing this morning. This isn't like the infamous smoking gun in the form of a mushroom cloud or there's a terrorist behind every tree, we can see what is going on in our country and the financial disaster for ourselves.
Say what you mean. Mean what you say. But don't say it mean.
Time is of the essence because people are losing their jobs NOW. Every month it is 500,000 more. It takes time to get this stuff off the ground. Every day is time when somebody else is losing a house or a job or who knows what else. When one person loses a job then that causes another and another. I'm sorry to tell you that time is of the essence becasue the economy is failing faster than it has in 80 years.
Thu, 02/05/2009 - 07:18 — davidfarrar
And another thing, tax cuts ain't the only that needs to be done to stimulate the economy. You have to cut government spending as well.
_____________________________________________________________________
Not when the household and business sectors cannot hold up their end. If the last part of the GDP (The government) stops spending the whole system collapses.
Diabolus est Deus Inversus
duplicate post...sorry.
ex animo
davidfarrar
Because every day thousands of people are losing their jobs, savings, homes and health care for their families. "What's the rush?" Lol.
And you "edited" your last comment because you misquoted your hero Hannity.
...but that's going to happen anyway with Obama's Porkus Maximulus Stimulus Plan. It will take at least a year, perhaps two or three before anybody even hope to see an artificially stimulated economy using borrowed money. Can't we take a couple of months to get it right?
ex animo
davidfarrar
No!!
...about the Wall Street bailout debacle. We are still dumping money into that hole.
Look the bottom line is, people aren't spending money because they are uncertain of the future. If we cut taxes and cut government spending to pay for those tax cuts, the common person in the street will understand and support it. Once people believe their government is doing the right thing by their standards, they will once agan have confidence in their government and start spending again.
ex animo
davidfarrar
they have to have jobs and a living wage.
But everybody isn't out of work. In fact only 7% to 8% are out of work at this time. Unemployment benefits will also come into play, allowing us more time. If we actually do this right, the economy will first make its adjustment, as it always does. People will start spending again and the economy will grow because of market forces not because of artificially inflated stimulus Monopoly money floating around in the economy, which will, in fact, only act to delay the great market contraction that HAS to take place sooner or later to allow the real economy to grow upon that foundation.
ex animo
davidfarrar
in reality, it's close to 12%
And that isn't counting those who are "underemployed" i.e. their jobs were outsourced, and in order to survive they took jobs they were overqualified for.
...but my point remains.
Look, bottom line is, we are not going to borrow and spend our way out of this recession FDR couldn't do it, Japan couldn't do it and we are not going to do it.
We need to do something now that will restore the peoples' trust in their government's actions, a trust that has been badly shaken by the acts of Congress.
I would say cut government spending (all government spending) by 30% and reduce taxes accordingly.
ex animo
davidfarrar
That is exactly correct. You see, this thing happened becasue people were using their houses as banks. As income because they were not making enough money to buy what they thought they needed or wanted. And they were encouraged to do that. Now there is nothing in their house to pull out. In fact they owe more than the house is worth. They can't buy what they were buying before. Those people selling what they were buying are going out of business. They are losing their houses and jobs. The people who making or selling the stuff they were buying are going out of business. The brakes need to be put on this thing as soon as possible. The economy is going to look a whole lot different from now on (or at least into the foreseeable future). We will get back to basics and there will not be any more mass consumption just for the sake of consuming. For 10-20-30 years we will be living within our means. But to say we don't need to do anything now is ignorant.
...to get this economy turned around again, I think we can spare a few months to get it right.
And while you are correct as far as the housing bubble is concerned, if Congress hadn't inflated it, the banks would not have run out of debtors from which to generate capital to make loans. It's as if we were still on the gold standard and Congress suddenly declared gold worthless.
ex animo
davidfarrar
I didn't say it was going tot take 10-20-30 years to get this economy turned around again. I said we were going to live within our means instead of spending for the sake of spending.
Congress didn't inflate anything. Mortgage brokers and the banks who bought the debt let/made the bubble happen. Alan Greenspan's free market that was suppose to regulate itself or eat itself didn't work the way he thought it would. He forgot about the human nature of greed.
...whatever.
ex animo
davidfarrar
If we don't start somewhere, we'll never get there.
Say what you mean. Mean what you say. But don't say it mean.
...you don't really believe that, now do you?
In a way FDR was right.."We have nothing to fear but fear itself."
ex animo
davidfarrar
DARE programs are a running joke. They don't keep any more kids from doing drugs than would normally do them, and are nothing more than a feel-good program for the cops that run them and a "positive" thing to which cops can point for brownie points from the public.
This evaluation comes from my working experience with cops who actually run the programs.
Really want to make a dent in drug use and/or drug-related crime? Use the stimulus money to create treatment centers, and thus reduce crowding of the jails. Include job training and placement.
I've been waiting for someone in the Democratic Party to say it. It makes me especially happy that President Obama was the one who said it.
Let's say it again. CONSERVATISM DOES NOT WORK!!
This suggests to me that the whole 'bipartisan outreach' thing wasn't just theater, but a sincere attempt. That bothers me.
I think Obama is a very intelligent man, but naive on the subject of right/left, wealth vs. poverty politics in this country-- that dynamic really defines the whole political landscape.
He will *never* have an ounce of 'bipartisan' support from the GOP. And, if he actually intends to do anything worthwhile, he'll be fighting half his own party as well. Anyone should be able to see that. It shouldn't require a demonstration.
President Obama: "Do what I demand or the US will have an economic catastrophe."
Gee, where have I heard something like that before?
http://market-ticker.org/archives/774-Preside...
http://willyloman.wordpress.com/2009/02/05/th...
Yes, there is a clause on page 14 of the House version of the bill that says if they don't impeach Blago, then the people of Illinois don't get the help they need.
can't get rid of Bush and Cheney, but Team Obama blackmailed Illinois into getting rid of Blago? wow
wow....
that's some strong-arm politics there. Bush never put anything like that into writing.
How sad it is when liberals use the same "But Clinton did it FIRST!" arguments that the republican trolls used for 8 years...
A second stimulus package in Australia aimed at infrastructure and building schools and giving cash payments to certain low income people passed through the House of Reps last night, NOT BEFORE The conservatives(called ironically Liberals here), kept the debate going until 5.30 am in the morning. They also are going to block it in the Senate so it will be up to the Greens, Indeps and some Liberals to vote for it. They have also delayed it going to the Senate for a week by launching an enquiry. THIS IS HOW CONSERVATIVES use obstructionist tactics during an economic crisis for their own political gain. I hope it all backfires on them. The problem is, it should have been law yesterday. This is what is going to happen in the US when the Repubs start their obstructionist tactics. Don't expect it to become law instantly, it will drag on straight into the catastrophe Obama has warned us about.
when you've capitulated to the repugs before you propose the bill.
________________
common sense matters as much as truth
n/t
they never give up. thr repugs have had a shit for brains way of giving the rich any thing they have wanted for the last 8 years. 400 of the richest people have more than tripled there money under there rule of DICKtater ship. they have taken upper middel class and knocked them down to middel to lower class. take dip-shits tax cuts in 2005. the rick got bigones. the people making from $75,000 to $150,00, there Taxes went UP. where was the news on this, not a word. look it up. Taxs up on middel class in 2005.
The only hole in President Obama's lofty rhetoric is with people like Treasury Secretary Geithner -- a former Fed bigwig -- he is involving the same people in the solution who caused this mess to begin with.
Change is going to represent what is left in our pockets the way things are going.
I am done with all of Obama's babbling. I frankly find it insulting when he is trying to act stern, and at the same time with a straight face is nominating a douche Geithner for the Treasury, and a bastard like Judd "4% rating by the AFL-CIO" Gregg to lead the dept of Commerce.
And as usual, leave it to the dems to control the presidency and the houses to screw this up royally.
We're so f*cked it ain't even funny. But, hey... Obama will now say "I am sorry" when he shafts us. Which is an improvement I guess, the previous GOPer admin did not even ask "pretty please" when shafting us.
Just learned that there is a loophole in the executive pay cap which will leave the big guys free to rack in as much as they want, but the smaller, regional banks will have to respect the cap. Meaning that banks like JP Morgan and Goldman Sacs will not have to implement executive pay structure caps. This is out of Bloomberg.
http://www.bloomberg.com/apps/news?pid=206011...
We have to stop looking to leaders, any leaders, on the national stage to protect us and start protecting ourselves, nonviolently, through recalls and possibly national strikes like they are undertaking in Britian. The era of predetory capitalism is over, the monster is dying and now is the opportunity, OPPORTUNITY, to create the blueprint for what follows.
So it is just rhetoric with this Obama feller I see...
Not much of a change, is it?
First, We need to make thing HERE. I was at a sports store and all most every thing I looked at WAS NOT MADE IN AMERICA. If we dont make any thing here, we will not go any where.
Now I here Pres Obamas plan to BUY AMERICAN ONLY is got the repugs all pised off. The want there buds out side the US to have a big part in the Bailout. just like a repug, F-off working class of america.
All you critics when bush was F-ing our country up. starting wars on lies. wirte taping every thing. tis asshole took more vacations than any pres in the histroy of our country. Obama has not been office a month and some of you are trying to knock him down. HE DID NOT CAUSE THIS FUCKUP, BUSH DID.
for the last 30 years...
Legitimate questions, but here are some for you:
1) When Bush announced that we would be invading Iraq, did you ask him how we would pay for the war? Despite Rummy's insistence that the war would not last six months, did you wonder how we would pay for such a conflict if it lasted longer?
2) When taxes were cut during this war, were you up in arms thinking that the expenses of the conflict were being passed on to future generations? Did you demand how Bush was going to pay for new Departments such as the Department of Homeland Security?
3) Did you vote against Bush in 2004 when he had taken a budget surplus and turned it into the largest deficit we have ever had?
If you didn't protest any of these, were YOU just living off of hope?
being pushed around by ABQ cops on horseback...
where were you? I musta missed you...
I don't think those questions where directed to anyone else by the original poster.
Yes!!! I'm so glad he finally said it.
and when this made up works program bites the big one! and it will , youll find you helped break social security and the rest of the unions and\the retirement funds of retired workers, gee isnt that what the repigs wanted all along? and another group goes down the sewer!
almost think from some of the threads showing up here that Obama is some kind of political amateur because he doesn't play the tit for tat game. In my opinion he's handling this situation very well. He let the other side commit on the record their views on the stimulus package and now he's well armed to respond directly without using surrogates to deconstruct the opposition's arguments.
Hasa Diga Eebowai
n/t
What is your conceptual, continuity?
Obama certainly has put a lot of republicans tax breaks in the "STIMULUS PACKAGE" for the republicans....
We know from the last 8 years of Bush and republican's tax breaks for the elite and businesses has done nothing but help this depression come along...
The trickle down theory is nothing but a corporate-republican propaganda BS..and if the last 8 years has not convence you of that then you have your head in the sand up to your .......
None
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