(CNN) - A senior democratic official confirms the president elect is planning a major speech on the economy Thursday.
Obama's plan is big and bold, because that's what the situation calls for. We are at the "go big or stay home" economic moment in history, and I'm very glad that Obama realizes that fact.
If you voted for GWB the last 2 elections... in all honesty your opinion means about -><- this much... Your credibility and "good ideas" are all for-fit for you have shown your judgment and it.. to be frank... sucks. thank you and good night.
Anyone remember GWB on 9-12-01 telling America that the terrorists wanted to TAKE US DOWN ECONOMICALLY, SO WE SHOULD ALL "GO SHOPPING." Seems like millions did that, and for the last 7 years they have been building up the debt which is part and parcel of this economic meltdown. And Bush was right about one thing...we have certainly gone down further than anyone could foresee. I'm angry because we have never had an unpaid credit card bill, have far less mortgage debt that we could, on paper, afford, and we are now looking at possible unemployment for my husband, and a very early retirement. We raised our kids to pay their debts early, and they had no college loans, mortgages they can afford, and paid for cars. Too bad the rest of America is only now seeing the folly of Bush's admonishments...keep buying, don't worry about paying for any of it!
RealityKing January 5th, 2009 11:02 am ET
Tax cuts AND more spending!?
Meet the new boss, same as the old boss..
Too bad "reality king" isn't living in reality. What did G.W. do to try and fix the mess he made? Un-regulated HANDOUTS to the banks to the tune of hundreds of billions of dollars. No strings. Just a "please do the right thing with the money." Which they didn't. Typical Bush reactionary failed response.
Now, Obama has to do it AGAIN and hopefully this time for the RIGHT REASONS, done the RIGHT WAY, so that the mess he's inheriting can finally start to settle out a bit and he can then strart taking steps to build our economy back up.
Trust me - this boss is anything BUT "the same boss" or YOU, Mr. or Ms. "reality" would be happy as a lark to see you got more of what you gave us the past eight years.
Thank You Proud American for your comments.....I agree with both.
"Uhhh ummmmm errrrr ummmmm uhhhh errrrr ummmmmm uhhhhhh errrrr ummmmm"
J.P. If lowering taxes on the wealthy works so well, what happened? Seems like instead of taking those savings and investing them in growth (jobs) they took the money and bought stock, islands, mansions, and gave themselves huge bonuses...none of which did a thing for THIS economy, did it?
Taxes are the dues we pay to live in a civilized society. How else will your snow get moved, your trash picked up, your kids get an education, your roads and bridges be kept in repair? Some things the government is better at doing with our pooled money. Do they make mistakes? Yup–they should never approve money for war, and they should, right now, take a pay cut until people are back to work. But overall, I believe that taxes in and of themselves are not bad...the misuse of the funds is what hurts. Hopefully we will actually have some oversight and accountability with the Obama administration instead of the sneers and "so what" attitude of Bush whenever something was questioned.
@In Houston, TX
Democrats have owned congress for 2 full years. What planet have you been hiding on? Things were just fine in 2006.
Gas prices skyrocketed when Dems took over. When Bush announced lifting federal ban on off shore drilling oil prices plummeted. Gee, coincidence??? And yes oil was dropping before the economic meltdown.
@Patrick – Indianapolis January 5th, 2009 10:47 am ET
Praying for divine intervention is about as significant as writing a letter to Santa. The largest problem with you people is that you pray too much. Why don't you try doing something instead of wishing it away? I will bet you get MUCH better results. Praying does not equal progress.
****ACTS 21-22-And All Things,whatsoever ye shall ask in PRAYER....believing ye shall RECEIVE****
ran January 5th, 2009 10:53 am ET
Give $1 million to every citizen over 21 yoa and that will stimulate the economy overnight and at a lot less cost then the Billions being proposed now.
I say every taxpaying American.....I would payoff debt and shop...That would be great for the economy instead of giving it to banks and auto makers so then can deny consumer loans.....
Easy to give a speech saying, "I am going to give money to the less fortunate", but more difficult to solve the problems our current republican president, Clinton and Carter, and the other dimocrats in congress got us into. Adding more debt and more bailouts is not the solution, but then again, that would take a tough decision.
Still notice how easy it is for Obama to give a speech and talk about anything he can to point fingers at the Republicans, (easy to deflect blame), but he is only "present" as usual when it comes to voicing his opinion on things that there has not been a good poll for yet such as what is happening in Gaza. Somewhere along the line he will actually have to make an important decision. I can't wait for that day because it has yet to happen.
Barack is all style and little to no substance.
Failed in the Annenberg project – school standards actually were deemed to be the same or lower (his buddy worked with him on that – William Ayers)
No legislation as a State Senator
No legislation as a US Senator
Biggest achievement, is reading teleprompter's well and being very stylish and cool.
Flies in a big plane that is virtually empty to Hawaii, but is willing to punish all of us for consuming carbon fuel with his Cap and Trade tax and regulation policies (will be the biggest tax hike in our history – hello $6 a gallon gas).
Raise Capital Gains tax to 28% (good bye capital investment and jobs)
Raise Small Business payroll taxes (good bye jobs)
Increase Tariff wars with other countries (good bye jobs)
Raise Estate taxes (double taxation at its worst)
$Trillion dollar stimulus package that will artificially create jobs. What happens to all the families of these jobs, when the money runs out and they are given a pink slip. There is no way we can continue with the excesses of government spending much longer.
His style is great, however, his substance and his beliefs and ideology will bring our once great country on the brink of financial ruin.
I don't know the political preferences of the people making comments on this blog. But in my life, my family and I need help. That is why I choose to wait and see what happens and pray for success of this Administration. Hate and divisiveness has gotten us no-where. it seems that if our political preferences are the single reason for wanting failure, I pray to each of you please help us who are not rich enough to be so lucky to have the luxury of such preferences. I pray for the success of this country and its people period. the sufferings and strain of lost homes and jobs seems to take a more important role right now.
speeches are fine, but this stimulus must include checks to citizens, if you can the give banks funds to hoard, surely taxpayers deserve funds, that is where the economic stimulation should have begun, what happened to the forty dollar overdraft fees banks and credit cards where charging, and the bankruptcy law should be reversed, to favor the consumer, most credit card companies operate as pirates, well paid lobbyist will get what you want
Good and the first agenda is to cut taxes for everyone including buisness owners so they don't have to lay off their help.
Simply put: Republicans this whole mess was your fault!!! So sit down be quiet and let the rest of us get some work done.
What happened to ONE PRESIDENT AT A TIME ???
OK,if you are going to talk about spending money we do not have,Please tell me about what you are going to do about GAZA and MIDDLE EAST!!
If Obama does not give a speech and share his plans with citizens, he is accused of doing nothing. If he gives a speech he is criticized for overstepping his bounds. It is obvious we cannot please everybody.
In the meantime, why don't we all sit back, relax, and see what he's going to say. He's our only hope for the next four years, let's give him our support, and a fair chance!
It should be a great speech with the things we need to know to move our country forward.I guess Rush must be back today.The dittoheads have their usual Limbaugh talking points. Rush makes millions of dollars spreading hate, lies,and half truths and his mindless followers gobble up the garbage and try to spew it out to the rest of us.Just ignore these morons and they will stay at Faux news and have to preach to their choir.lmao
Brilliant and conservative shouldn't be used in the same sentence.
Repeal or severely overwrite NAFTA, CAFTA and any other similar trade agreements, bring our jobs home and be proud of "American-Made" again, renew/rebuild our infrastructure, for starters. Maybe even close our borders for a few years so we "can clean up home," before we "open house" again.
Maybe he will provide even more details on his plan. So far we have cone to rebuilding roads, to rebuilding crumbling roads.
For "Barack wins and America loses"
"His style is great, however, his substance and his beliefs and ideology will bring our once great country on the brink of financial ruin."
NEWSFLASH...Bush and Company already have brought the country to the brink of finacial ruin.
You better hope that Obama can pull us back from the brink.
To Barack Wins..
We ALL dont deserve TAX cuts until we straighten out the economy!!! People sent the economy to HELL and they want tax cuts? That's irresponsible. That's like stealing an old lady's lunch and you're caught and you still want her lunch.
I hope it doesn't conflict with the National Championship game.