January 12, 2009
Posted: 01:43 PM ET

From
The president-elect's plan to revive the economy is taking shape. Here's what we know so far.
The president-elect's plan to revive the economy is taking shape. Here's what we know so far.

NEW YORK (CNNMoney.com) — As lawmakers head into the second week of debate over President-elect Barack Obama's proposed economic stimulus plan, new details continue to shed light on what promises to be a sprawling and complex piece of legislation in American history.

Though many details are still lacking, the aim of the American Recovery and Reinvestment Plan is clear: rejuvenate the economy and create jobs by spending hundreds of billions of dollars on infrastructure, state budget relief, safety nets for the needy and tax cuts.

A recent analysis by Obama economic advisers Christina Romer and Jared Bernstein suggested that the proposed plan could save or create 3 million to 4 million jobs by the end of 2010.

Full story

Filed under: President-elect Obama • stimulus plan


Marie   January 12th, 2009 6:35 pm ET

Roger it really sounds like you want Obama to fail.What do you expect of him comming into the mess that he'll have to deal with after this last administration.He won't let the american people down remember it is Obama entering the White House not Bush again.He will do what is right for the american people.What do you expect to see a change in months?It has been eight years and we are still waiting for change so DON'T blame Obama for doing the best he can considering the hand he was dealt comming into the election.Some of you republicans are so full of it.Just take a look at Joe the Plummer how he's making a mockery out of you he's over in Isreal and is making more money than you or I now that is a joke and shows how dumb you are about judging Obama.You better hope Obama can help us out of this dire strait because God help us… but don't you worry Joe the Plummer is making enough money to lend you to help with your morgage and put food on your table you ungrateful idiot

Ernie in LA   January 12th, 2009 6:31 pm ET

GOPloser, What did you say? Are you sharing a joint with Griff?

Virginia for Lovers!   January 12th, 2009 6:09 pm ET

I feel such a new sense of hope and security with President Elect Obama / Vice President Elect Biden……I'm sure if Bush/Cheney would have just taken the time maybe just maybe they would have seen where jobs could have been created. Bush only seems to be more vocal and active at the end of his Presidency. President Elect Obama is starting off this way and I believe that's the path the American people have been longing for. Haters keep hating….cause that only confirms he is doing something right!!

Hopeful and excited like never before. ONE NATION UNITED!

tcaudilllg   January 12th, 2009 6:05 pm ET

Yeah this is great and all… but what about the healthcare?

Jackie in Dallas   January 12th, 2009 5:40 pm ET

Lib Love Amesty

I'm not sure where you live, but in Texas (one of the states with the highest number of illegal immigrants), I don't see how any of those who are here illegally could have gotten a mortgage to be in foreclosure over. I know when I tried for a mortgage, they practically looked at my DENTAL records! Without documentation of proof of citizenship or legal residence, I don't think any financier would grant them a mortgage!

I will agree that illegals put a strain on our healthcare but most of the jobs they take are ones that employers can't get legals to take. We are not talking about high tech, high paying jobs here, we are talking yard work and other menial jobs that "real" Americans don't want to do for the money that the employers are offering. They will willingly take jobs at less than the minimum wage with no health care benefits, and no security — and the employers will not have to pay a lot of government taxes. Our main focus should be on penalizing the employers that hire them. Many of the illegals I've met, and I've met quite a few while working at homeless shelters and charities, come from places in Mexico or Central and South America that make our ghettos look like palaces.

Now if you want to talk about jobs, what we really need to do is convince many of the US corporations that have offshored their operations that is more cost effective to bring them back to the US. You know, like repeal the tax breaks they are getting for offshoring jobs, penalize them by making government contracts impossible if more than a certain percentage of their jobs are not in the US, things like that. I don't understand why they don't see the cause and effect: if you move more tech jobs off shore for temporary cost savings, then you will have fewer US citizens who can afford their products because they aren't working. Some of this will even itself out as salary levels in India, Pakistan, and China are going up to the point where there will not be significant savings, but we could hurry that along.

Bararck Obama, still just B.O.   January 12th, 2009 5:26 pm ET

Billy,

At least they increased under Bush. Let's see how Obama does.

Bush inherited a buble ready to burst from Clinton. Obama inherits the results.

don's blame Obama's failures on Bush, unless you blame Bush's failures on Clinton.

Bararck Obama, still just B.O.   January 12th, 2009 5:25 pm ET

@ billy

WIlly Brown   January 12th, 2009 5:20 pm ET

Obama has no clue what to do. No George Bush to blame anymore Mr. Change. It's all going to be on ewe, you or U.

John   January 12th, 2009 5:08 pm ET

GDP growth during Bush's presidency will be almost 30% as opposed to about 32% during Clinton's. Let's all blame Bush for that 2%. You can make statistics say anything you want. Clinton had a Republican Congress. There has been a Democratic one the last two years leading to the recession. Is that why GDP is rising slower or faster? Who knows? Let's just throw around the blame as stories which contain less than half of the facts continue to be written by the media. After that's done, lets all blame the oil companies one more time. I'm pretty sure they're the ones responsible for everything. Cheney is responsible for the collapse of the United States. I think Bush's dog is really to blame for the recession.

JT from Missouri   January 12th, 2009 5:05 pm ET

After reading Obama's economic stimulus plan, I have to say, Obama is following an very important quality for caring for people in need. Today, I was reading a book from George Lakoff, and what Obama is doing is very similar to the two paragraph quote I read. The book of where I got this from is, "How Liberals and Conservatives Think" The quote is on page 116 on that book. It is about Moral Empathy.
"Another type of empathy is affordable empathy. It is the ability of people who are relativity well off to empathize with people who are less fortunate than they. The logic of affordable empathy is the Wooden Rule. Do unto others as you would have them do unto you- providing that you can afford it easily"!
"Charity, as it is all too often practiced in this country, combines moral accounting with affordable empathy. It is a way of accruing moral credit by giving something positive value-typically money- to people who are less well off than you can well afford it. Income tax deductions for charitable contributions are less interesting in this light; they permit you to accrue real financial credit rather than mere moral credit."
What I am trying to say about all of this is that Obama is coming up with this money to help people who really do need the money. For example struggling home owners, small business owners, and just everyday tax payers who work there butts off and still cannot make ends meet. Obama is making sure that every penny of this stimulus package is well spent and goes out to people and businesses that really need it. To people who are arguing and blowing this off as a bad idea,if you think that you can come up with anything better, please do come up with something better that might actually help the country. If you cannot, there is no point in blasting his ideas. Remember that. Divided we fall, United we stand.

MD   January 12th, 2009 4:55 pm ET

The urgency of the Obama / Democrat Spending spree will only be outwieghed by the hyper-inflation and high unemployment that this spending will create. This plan is as shortsighted as it is dillusional.

Las Vegas, NV   January 12th, 2009 4:48 pm ET

What amazes me is his economic plan to build our infrastructure and provide jobs for those building our infrastructure but does he realize that most of the country loosing jobs is in retail more and more retail stores are closing and leaving their employees with no jobs. You can't tell me that these companies that will be given the task to build up the infrastructure which probably will be government jobs are going to hire retail employees from Linens & Things and Mervyns who went out of business to build bridges, buildings etc they have no experience at these kind of jobs and they won't be qualified they will be told no and as for educating them they need jobs now not in a year or 2 after college. Oh yes alot of Americans from the manufacturing industry have already lost their jobs but probably as many retail employees have as well. There won't be enough QUALIFIED PERSONS to fill these jobs and they will probably have to out source these jobs from other countries.

William, from Cali!   January 12th, 2009 4:34 pm ET

I hope they are right! But we shall see!

vdm   January 12th, 2009 4:25 pm ET

While any tax break is welcome, I can't see that $9.62 a week ($500 break in payroll taxes for one year ) is going to make a difference in how I spend my money. I am most certainly not going to buy a new car for that.

Most of the proposed spending (being sold to us as "new jobs") is on government-owned infrastructure for which we taxpayers will have to foot the bill unless Mr. Obama plans to just print the money. If he just prints the money, then we will have inflation just like we did in the 1970's. The money has to come from somewhere.

Creating new government jobs or new government hand-outs does not create wealth because you are taking away wealth from the private sector (individuals and business) where it could have been spent or invested for profit. Your taking away $100 (taxes) from me and giving it to someone else (new job), minus an administration fee (cut for the government employees handling the program), hasn't created anything. It is the same $100 regardless who gets it or spends it.

Individuals or businesses that develop or produce technology or products that can be sold for profit DO create wealth. Government needs to get out of the way and allow them to keep more of the money that they ALREADY earned. This is how jobs AND wealth are created.

Abuses and law-breaking by large corporations should be punished by the government, not rewarded with bailout money. Poorly managed companies should not be exempt from the laws of supply and demand, and should be allowed to fail.

I did not vote for Obama or McCain and I learned this stuff from one semester of Economics. It wasn't as hard as I thought it would be.

Libs be dopes   January 12th, 2009 4:10 pm ET

Perhaps a simple soultion….with about $350 million left in the pot.

Every taxpayer, that is someone that actually paid taxes get $1,000,000 from American Recovery and Reinvestment Plan.

If you paid no tax, or got more back that you paid, you don't qualify.

Dems would love it as the 1 Mil gets taxed as income at the Federal and State level. Dems love taxing everything and everybody.

Repub would love it as 'Fat Cat" companies would get larger.

Taxpayers would love it as Americans will do what Americans do best, that is spend or invest the rest.

Drawback….Senators and Represenatives would dislike it as they would no longer have control over our money and we actually get to spent it the way we want, not the way they want.

Drawback….Those that paid nothing will feel disenfranchised as they get nothing back.

Final analysis………..won't happen because of the drawbacks.

Houff   January 12th, 2009 4:05 pm ET

I don't think government make-work programs have ever stimulated the economy in the past. Wars have done it, and tax cuts have done it, but government jobs are, in my opinion, a bad idea.

It's not that there isn't work to be done. Roads and bridges need building, but government, as a rule, stinks at getting this work done. Better left in the hands of private industry. Also, the bureaucracy that handles the money always siphons most of it off. Welfare was famous for this. Something like 70% of the money spent on welfard went to bureaucracy, with only 30% actually helping people (Whether it actually helps people to pay them to stay home would be a good debate.)

Finally, this is just income-redistribution. The wages to be paid for these government jobs come from somewhere— the TAXPAYERS. We are paying out of our paychecks so others will have one. That sounds pretty close to involuntary servitude to me. In this historic era, something just doesn't sound right about that.

MP -New Republican   January 12th, 2009 4:01 pm ET

Please grasp the reality that none of us will ever be President; so none of us will ever know what it's like to be in that position and have to make the decisions they do. Maybe you might be able to relate to being the coach of the little league, softball or a volleyball team, or maybe even just watched a coach make the wrong call on the sidelines. It's easy to say from the stands, "what an idiot!, I would have not made that call, and the team would have won". But really, what good did your comment or even the thought of blaming the coach really do to the outcome of the game. As mentioned in earlier comments, we as people are not perfect, and we ALL will make mistakes. The difference in "changing" the outcome derives from coming down from the stands and joining the team in whatever facet possible and support the coach with brains or brawn. The winning team is the "United" states of America. Unfortunately, we are slowly becoming just America. ….Come down from the stands, and help out where you can.

Louis   January 12th, 2009 3:59 pm ET

***The American taxpayers should demand detailed information accounting for every dollar we are paying for these bailouts. Unless that happens, our faith in government cannot be restored.

Griff   January 12th, 2009 3:57 pm ET

Bush a Winner…. Obama a fool… America only the Future can Tell..

jane   January 12th, 2009 3:56 pm ET

The $1,000/family will not hurt. But my husband lost his job just a few years short of retirement, was given a job that paid far less, then lost this job altogether. He has an excellent work record; he contributes to his community, and he's kept an excellent credit rating all his life. But there are very few jobs, and those that come up are given to younger men.
Consequently, his social security, which is based on the last three years of employment, is being reduced to the minimum. And in the past year, he has also lost his modest 401-K.
It would be nice if someone in Washington had a realistic idea of what would truly help the tens of thousands — probably far more — of American citizens like him. The current plan holds little or no promise for us.

Larry   January 12th, 2009 3:55 pm ET

Obama has promised lots of new government jobs…

Approximately 2,000,000 of the 4,100,000 "government employees" are in the military.

Just remember that being in the U.S. military counts as a government job, even if you don't want it.

Island girl   January 12th, 2009 3:55 pm ET

roger January 12th, 2009 2:32 pm ET

Well I am glad to see Obama's "approval ratings" finally beginning to slip, etc., etc.

____________________________

It is indeed a sad day when something like this is posted. How on earth can a country progress with such people?

Steve   January 12th, 2009 3:50 pm ET

Obama's economic plan is a joke, as is Obama himself.

jp,michigan   January 12th, 2009 3:48 pm ET

Let us wait and see if its all rhetoric or will he finally be dining something!

Robin   January 12th, 2009 3:47 pm ET

Lib, funny you should say that.

Two weeks ago, my healthy 72 year old mom went to her doctor for a check up. Lo and behold, there was an immigrant there too. She did not speak english, but she had a shiny brand new Social Security Card and Medicaid card.

My mom paid her $30 co-pay, the other woman did not have to pay a dime. Where is the justice?

sandee in Portland   January 12th, 2009 3:45 pm ET

CanIcallyoujoe…..you are so right. Just like the auto industry which provides millions of jobs to support that industry. Nice to see a sensible post on here

TomD   January 12th, 2009 3:45 pm ET

Why are people so naturally pessimistic by nature? We need to give Obama a chance and maintain positive attitudes.

To the person how said Illegals will take these jobs. No they won't if you apply first. Get off your couch and stop listening to Rush. I live in an area where immigrant workers pick crops….why???? Because it's soooo beneath the locals to do those jobs. So they sit around and complain that they are jobless. The job is RIGHT THERE but you think you're just too good for it.

Greg Pottstown, Pa.   January 12th, 2009 3:42 pm ET

I think that Obama's new plan may work. I say new because of all the changes that happened after the election. You know like not getting rid of the bush tax cuts and not increasing the capital gains tax. His plan is starting to look like the McCain plan. hey did you know he is not pulling the troops out of Iraq And we know have a draw down that will be based on conditions on the ground. Obama's election rhetoric is gone and in its place we are beginning to see more of the same stuff we saw under bush.

Are you mad that Obama is not doing anything he ran on. His economic stimulus plan is nothing like it was during the election. If you are fallowing him blindly then it will not bother you because you voted party not politics. If you voted politics you should be upset.

sg   January 12th, 2009 3:42 pm ET

Obviously Wall Street thinks Obama's plan is junk. The Dow is down again today. Been declining since last Thursday when the 'One" released his plans to fix the economy. Maybe Obama needs to go re-think his spending plan??

watcher   January 12th, 2009 3:39 pm ET

It appears that Obama is using fear over the dire economy to scare through bloated Government spending measures in the same manner that Bush used the sense of urgency following 9/11 to bulldoze his military spending through without oversight.

Virginia   January 12th, 2009 3:38 pm ET

No details will EVER emerge because he doesn't have any. Never has and never will. The solution as always with the dems is "Tax and Spend". Give us a break, we are not the idiots that everyone who agrees with you think we are!

chris@stl   January 12th, 2009 3:38 pm ET

Please do something …. The stock market is tanking again!

Obama - THE LIAR   January 12th, 2009 3:33 pm ET

Obama can generate money by renting the Lincoln bedroom to his friends, the Hollywood cronies, and spending in the American people instead of his reelection campaign ‘cause he is only going to be in office until 2012.

Oh c'mon   January 12th, 2009 3:33 pm ET

LIB luv Amnesty, are you serious? Are you trying to say America is anything more than a collection of Immigrants trying to make good? That's all we've ever been. Saying the good jobs are all taken by immigrants and we need to look out for our own, I'd like a good definition from you as to what a real American is.
I don't condone illegal immigration, true. I believe there is a due process that should be adhered to. But you make it sound like illegals are coming here and taking the awesome jobs away from hardworking "Americans". Tell me, where did your ancestors come from?
Wake up. Naive points of view based on fear and hate are so September 11, 2001.

Brian From Fort Mill, SC   January 12th, 2009 3:27 pm ET

Tom in S.A. January 12th, 2009 2:22 pm ET

Problem is to many people don't want those hard jobs.
————————————————-
I don't know about that. Things are so bad now, that most people will take anything.

Brian From Fort Mill, SC   January 12th, 2009 3:25 pm ET

RealityKing January 12th, 2009 2:05 pm ET

One mans possible job loss is another mans rhetorical legacy of liberalism..
———————————————————-
This just in.

George W. Bush has become, at least temporarily, more liberal than Barack Obama.

Film at 11.

mary, colorado springs, co   January 12th, 2009 3:19 pm ET

The first time I heard this man speak I knew he was someone to be reckoned with. He's intelligent, well-educated and has enough experience to "get the job done". It doesn't take a genius to see where the trouble has been: not enough control by the Bush administration that was handed a large surplus by the Clinton administration, and spent it like a bunch of kids in a candy store. He knows his strengths and weakness and has appointed people who can shore up the weak spots. You can look for a lot from this man who, I hope, can bring us back to the level we had before Bush and his bunch of vultures took over in 2000.

tee   January 12th, 2009 3:18 pm ET

LIVLOVE AMNESTY

YOU ARE CLUELESS!!!!!!!!
THE IMMIGRANTS DID NOT TAKE ANY JOBS AWAY FROM ANYONE
THE WERE HIRED BY YOUR FRIENDS AT A LESSER RATE TO FATTEN THEIR OWN POCKETS.

Val, Atlanta, Ga   January 12th, 2009 3:18 pm ET

Some of these idots have really forgotten that it was not President Obama that created this mess for our grandchildren etc…… NEWS FLASH IT WAS BUSH put blame where it should be and allow him a chance to fix this MESS before you start critizing.

Bararck Obama, still just B.O.   January 12th, 2009 3:15 pm ET

Furing FDR's term didn't he try these same things and it was blowing up in our face until WWII?

For someone that is thought to be so intelligent he hasn't learned a thing from history.

carrol   January 12th, 2009 3:03 pm ET

My America is going to be great again. Can not wait!!

mike   January 12th, 2009 3:02 pm ET

We need people to brainstorm and come up with Ideas to help Obama with job creation!!

MA INDY   January 12th, 2009 3:00 pm ET

To CanIcallyouJoe January 12th, 2009 1:50 pm ET

Great! Now we can have Big Digs everywhere! How often does history have to prove that Make-Work gov't spending is not a solution to economic problems for us to actually figure out that it isn't a good idea!

Apparently you don't know that you have already paid for road maintenance through taxes and/or tolls. This is the responsibility of your local municipalities and State govt. to appropriate the funds.

Oh, and thanks Govt. for increasing the gas tax when gas prices finally came down to a reasonable rate. Good show!

NEL E BELL ;-)   January 12th, 2009 2:57 pm ET

THIS ALL SOUNDS GOOD BUT HOW ABOUT THIS PERSPECTIVE, SUPPOSE THAT THIS MAGIC BULLET TURNS OUT TOBE ANOTHER FIZZLE. SUPPOSE MOST PEOPLE SAVE THE MONEY OR WORSE YET THE MONEY NEVER GETS TO THE RIGHT PARTS OF THE ECONOMY TO CORRECT THE PROBLEM. I FEAR THIS IS GOING TOBE MORE WHODO VODOO, NO PUN INTENDED TOWARDS OBAMA.WHAT IF THIS DOES NOT WORK NOW WHAT ARE WE LEFT FOR THE FOLLOWING 4YRS?

Armando   January 12th, 2009 2:52 pm ET

The government cannot create jobs. It can only take away from the private sector. If borrowing and spending got us into this how will it get us out? Why doesn't he cut government spending and cut income tax in half? That is a much better stimulus.

EW   January 12th, 2009 2:51 pm ET

Here we go….my tax dollars paying lazy imbiciles to keep a shovel from defying the laws of gravity….

Don't we all know by now that government messes up everything it touches? Look at social security. It was never meant as a retirement fund and that is exactly what it has been turned into. Government is not the answer and government doubling or tripling the annual deficit is definitely not the answer.

Take some personal responsibility and things will turn out better for everyone.

Tim   January 12th, 2009 2:50 pm ET

Anything that can help is welcome!!

Indy   January 12th, 2009 2:49 pm ET

Farrell, Houston, Tx January 12th, 2009 2:13 pm ET

If we Americans would look around we would see the jobs right under our noses and that's exactly what Obama has done. Just look around in your communities and state, the jobs are there and have been for many years.
————————————————————————————

Agreed! I was looking for a new job (relocating for spouse's job) and found a decent job in my field – Financial Industry – within 2 weeks. Jobs are out there. Either you need to look harder, or look beyond your comfort level. A paycheck is better than none! Take responsibility and don't rely on gov't. If you are looking hard and haven't found anything, have faith. If you have a good work ethic and are willing to work hard – you will find something. Good Luck!

bsmith171   January 12th, 2009 2:48 pm ET

obama knows nothing about economics.
nothing in his background, history or resume to show that he would have ANY knowledge is this area.

cmoore   January 12th, 2009 2:47 pm ET

Barney Frank's,Chris Dodd's and Bill Clinton's mortage mess not Bush's. Give us the bailout money instead of the banks. Wow, how is building bridges and a 1000 per couiple rebate check going to help this economy ? This is laughable and its not even Bush's idea, go figure.

THE OLD TIMER   January 12th, 2009 2:47 pm ET

nothing this elected official does will work?? You ask yourself why. Its very simple… The same people will be seated in Washington and they are the ones that got us to this point in the first place…

the SOLUTION;;; TERM LIMITS.. Think about it folks If term limits were in place 20 years ago this would not have happened….no one can tell these elected officials anything. many have tried but to no avail…

Let see some real progress and look at some laws about the sexual convicts that roam our streets and live in your neighborhoods that you don,t know about. It is a problem everywhere in the USA.
Our elected offiicals will not touch this with a ten foot pole…Why

sick n tired   January 12th, 2009 2:46 pm ET

To Tom in S.A.: I don't know what deadbeat society you live in, but where I come from people aren't working because there is NO WORK! So come down from you're highhorse and find yourself a clue BEFORE you post next time! And you won't come across as such an ignorant fool! Works for me!

bob   January 12th, 2009 2:46 pm ET

Anything positive I am for it. At the end, it is me or my family members who suffer.

I welcome President Obama for any positive idea……

Mike G   January 12th, 2009 2:44 pm ET

Is it being said that this plan lacks details because the media hasn't been informed of the specifics?? If so, why are lawmakers meeting and debating on it? Once the media realizes that they don't have to be informed about everything the president elect does the better off we will be.

Meh   January 12th, 2009 2:42 pm ET

CanICAllYouJoe> Right on! Exactly!

And CNN, what is up w. the "in American history" end to that sentence? It makes absolutely no sense. You guys have been slipping lately w. the messed up sentences. Big time!

I think an *intelligent* person has to alter his plans to fit changing circumstances. That doesn't mean the person is breaking promises…it means he's smart enough to know that the original plan won't work now or that the original plan was *better* than first thought. Whoop di do.

believe   January 12th, 2009 2:42 pm ET

America is still the greatest country in the world.

INVISIBLE MONEY...   January 12th, 2009 2:41 pm ET

starting january, maybe, to spend the invisible money Obama

will pull form the bag of tricks will create the tree letter word

JOBS…AND MORE JOBS….FIRST IT WAS 2.5 MILLION NOW THE

PROMISE IS 3 MILLION AND TRILLION OF DEBT IS GROWING

FASTER THAN THOSE JOBS…..

Dave   January 12th, 2009 2:41 pm ET

Oh yeah, it's going to be sprawling all right. This engineered crisis will continue to loot us. Just watch.

Michael "C" Lorton, Virginia   January 12th, 2009 2:39 pm ET

Campaign rheortic is over———the proof will be in the results—–we will see.

richard rohde   January 12th, 2009 2:37 pm ET

Hey I truly think PEBO is trying to get us out this. He just needs a lot of distance from the Reid/Pelosi bunch. We need job creation by the private sector not an increase in the entitlement bunch. Think of how much more effective this package would be if they didn't have to cave in to all of those union sponsored work rules that have ruined so much of industry.

FreeNLovIt   January 12th, 2009 2:35 pm ET

We should have done this back in October!!!!!! Could have saved Generation X, Y and Z, a lot of money and help keep the Baby Boomers out of the cold. It's a bit late, but can still work.

Billy   January 12th, 2009 2:34 pm ET

Obama surely can't do worse than bush…

The number of jobs in the nation increased by about 2 percent during Bush's tenure, the most tepid growth over any eight-year span since data collection began seven decades ago. Gross domestic product, a broad measure of economic output, grew at the slowest pace for a period of that length since the Truman administration. And Americans' incomes grew more slowly than in any presidency since the 1960s, other than that of Bush's father.
(from WaPo)

How do bush supporters continue with their drivel? Gods speed Obama.

Tim   January 12th, 2009 2:33 pm ET

CanICallyouJoe….

Wow…you are really smart…..thanks for explaining the world of high finance and economics to the rest of us.

sick n tired   January 12th, 2009 2:33 pm ET

Creating jobs sounds good to me! Lord knows myself and a lot of others who lost their jobs would absolutely love to have one right about now! Lets get it done!!!!!!!!!!!

LIB luv amnesty   January 12th, 2009 2:33 pm ET

Too bad all the people who will fill these jobs are the illegal aliens that he wants to give amnesty.

As an american president, he needs to remember he needs to save Americans first., and not to take care of the illigals/immigrants. He need to remove the illegals/immigrants from US who have taken American Jobs, who have abused and drained our Healthcare System and School systems, who are overcrowding our Jails, who are the highest percentage of those who have defaulted on their mortgages. He needs to punish the companies who hires the illigals. He also needs to clean the welfare systems. Many immigrants brought their old parents who have a lot money in the foreign bank but claim nothing to get free everything in the US from housing, food to healthcare. With national deficit so high, we can not allow those people abuse our systems anymore!!!

He SHOULD START by removing the illegals/immigrants from the USA who have (1.) taken American Jobs, (2). who have drained our Healthcare System, (3) . who are overcrowding our Jails, (4). who are the highest percentage of those who have defaulted on their mortgages and gone into foreclosure

CNN pls post this..

roger   January 12th, 2009 2:32 pm ET

Well I am glad to see Obama's "approval ratings" finally beginning to slip. People are finally seeing that he is nothing more than a political puppet of the Clintons. 2 months ago….his stimulus plan was creating 1 million jobs….today…amazingly….in the blink of an eye….its creating 4.1 million….amazing…like turning water into wine. Finally America is waking up to see that this man will appoint any political ally he owes, even to positions such as CIA director, even at the cost of the nations security.

I really do wish him the best of luck…and well the average US recession lasts 18 months, and we are 1 year into this one….so we know there will be a turnaround coming…lets just hope someone stops this foolish spending before hand.

LIB luv amnesty   January 12th, 2009 2:31 pm ET

Too bad all the people who will fill these jobs are the illegal aliens that he wants to give amnesty.

As an american president, he needs to remember he needs to save Americans first., and not to take care of the illigals/immigrants. He need to remove the illegals/immigrants from US who have taken American Jobs, who have abused and drained our Healthcare System and School systems, who are overcrowding our Jails, who are the highest percentage of those who have defaulted on their mortgages. He needs to punish the companies who hires the illigals. He also needs to clean the welfare systems. Many immigrants brought their old parents who have a lot money in the foreign bank but claim nothing to get free everything in the US from housing, food to healthcare. With national deficit so high, we can not allow those people abuse our systems anymore!!!

He SHOULD START by removing the illegals/immigrants from the USA who have (1.) taken American Jobs, (2). who have drained our Healthcare System, (3) . who are overcrowding our Jails, (4). who are the highest percentage of those who have defaulted on their mortgages and gone into foreclosure

Robin   January 12th, 2009 2:31 pm ET

Create the jobs and get rid of welfare and put that money towards our Seniors who spent 30-50 years of their lives working their butts off to get to their golden years and have to decide between food and medicine.

April fools day early?   January 12th, 2009 2:23 pm ET

Cant wait till we become the United States of North America.One big happy family.Canada,Mexico and us.And a new dollar called the Amero.Now I see it was all planned this way.Wake up America,the big money boys are calling the shots and we are the targets.

Tom in S.A.   January 12th, 2009 2:22 pm ET

Problem is to many people don't want those hard jobs.

RealityKing   January 12th, 2009 2:21 pm ET

I wonder what his rescue plan will be for a real national emergency.., especially in light of our defanged CIA. Where is the media??

annie the Democrat   January 12th, 2009 2:17 pm ET

I don't want to hear false promises or what you think will make us happy.

We want the truth…….no more campaign rhetoric, no more bull just the simple truth.

Americans are tough we can handle it!

Joe is Real   January 12th, 2009 2:15 pm ET

same people vote for O and same people thinking will be rich to get from lottery..to many dream sucker…think will be get free bee(healtcare)

GOPloser   January 12th, 2009 2:13 pm ET

Do not listen the GOP democrats take as out of this mess the repulicans creat God Bless you.

Farrell, Houston, Tx   January 12th, 2009 2:13 pm ET

If we Americans would look around we would see the jobs right under our noses and that's exactly what Obama has done. Just look around in your communities and state, the jobs are there and have been for many years.

Patty in the CA mountains   January 12th, 2009 2:13 pm ET

Where were/are the details in the $700B bank gift? I find it interesting that everyone wants to know details with this one….the more details the more to argue over….take the money back from the banks and the CEO buddies of bush and give it back to us….

tired of corporate politics   January 12th, 2009 2:12 pm ET

"sprawling..complex.. not many details..spending hundreds of billions of dollars"

Thanks Obama for continuing Washington DC general plan for fixing anything and everything. Thanks for the same thing all over again. Another DNC / RNC / DemoPublican corporate stooge. You know the Big Corporations are loving this already.

TCM   January 12th, 2009 2:08 pm ET

oh yeah, what's really fascinating is last week, almost on a daily basis…OBama's plan to save jobs increased about 500k jobs per day! What started out as 1.5 mil, ended up on Friday as 4 mil!
All the while, CNN – Obama's sister station, keeps spouting about jobs lost…but never state new jobs obtained or created…always the bad news funneled into some messiah-like coming for Obama…CNN…report the truth, huh?

R the patriot   January 12th, 2009 2:08 pm ET

Jobs Jobs Jobs Jobs,,, Read some history and get America working again!!!

demwit   January 12th, 2009 2:06 pm ET

DOW 115.33 -1.34%
8,483.85

Obama is already president-elect…, I wonder when he's going to stop talking down the economy..

dittohead with forty names   January 12th, 2009 2:06 pm ET

Take over the Federal"fake"Reserve and the oil companies now.Its time we stop them from running the world.

RealityKing   January 12th, 2009 2:05 pm ET

One mans possible job loss is another mans rhetorical legacy of liberalism..

RealityKing   January 12th, 2009 2:03 pm ET

Obama Recue 101 = the destrucution of our grandchildren's future

Barb   January 12th, 2009 1:57 pm ET

buying your way out of a recession (unless we are talking consumers) is equivalent to hoping the toothfairy will step in…..unless the toothfairy is China, and offers 0 interest, and a no need to repay loan, it's crazy!

Peggy - TX   January 12th, 2009 1:56 pm ET

Our country stands on the edge of precipice; we are faced with the greatest crisis of our generation. Now is the time for all Americans to stand firmly behind our President and our law makers. We need to use freedom of speech to express new idea s and critique the Administrations efforts, but This is not the time to abuse this right to spread lies and undermine confidence in our elected Government.

I know, that I personally have a great deal of confidence in Obama and his highly skilled team. I am confident in their capabilities. I am confident that they will listen to the experts and make the best decisions our of a lot of less then perfect options. More, importantly, I am confident that they will act in the best interest of America in complete contrast to how I feel about the current Administration or one that might have been lead by McCAin/Palin.

Avoid the theatre   January 12th, 2009 1:52 pm ET

I hope he doesn't try to be too much like Lincoln.

No Hillary = No Obama   January 12th, 2009 1:50 pm ET

Grandiosity in full bloom.

CanIcallyouJoe   January 12th, 2009 1:50 pm ET

I hope so.
I live in a city so forgotten by Washington, that last fall we had a piece of a concrete bridge simply crumble off and nearly kill some innocent woman driving on the highway below.

And what Republican 'omg black guy president spending money' idiots don't understand, is that when you repair roadways, you also have to repair the things that support that roadway – like stoplight systems. Stoplight systems are controlled by PLCs, which need technicians to service. Those PLCs are given remote commands by telecom or internet connections, which require technicians to service, and then another set of technicians to provide support to the telecom techs.

And this is only one avenue to select from..

So, 1 million created openings actually fills out to be 3 million openings because of jobs created in support of the jobs created first. See, this is how you use the "trickle-down' effect – not by giving oil companies free reign.

Ula Nejad Sacramento, Ca   January 12th, 2009 1:50 pm ET

since when was detail a characteristic of democrats. lol! Its once in a blue moon you will have a democrat with some high IQ.

joe smith   January 12th, 2009 1:45 pm ET

he'll need help from apac..

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