January 23rd, 2009
04:25 PM ET
4 years ago

Obama's week 1: Sales pitch begins

President Barack Obama and Vice President Joe Biden met with Democratic and Republican congressional leadership to discuss his stimulus proposal, trying to sell both sides on a plan that includes both tax cuts and massive spending efforts.

President Barack Obama and Vice President Joe Biden met with Democratic and Republican congressional leadership to discuss his stimulus proposal, trying to sell both sides on a plan that includes both tax cuts and massive spending efforts.

NEW YORK (CNNMoney.com) - After a call for "bold and swift" action on the economy in his first moments as president on Tuesday, President Barack Obama got right to work, maneuvering to reach a bipartisan agreement on his sweeping economic recovery plan.

On Friday, Obama and Vice President Joe Biden met with Democratic and Republican congressional leadership to discuss his stimulus proposal, trying to sell both sides on a plan that includes both tax cuts and massive spending efforts.

The president offered more detail on his plan to restore economic growth. He said he'd take a three-pronged approach to recovery: stabilize the financial system, fix market regulation and pass the stimulus plan.

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soundoff (127 Responses)
  1. Chris

    Where are we going with all of this President Obama? Now, your news cronies are reporting that some 'nutcase' economic advisor wants you to be sure and spend the appropriate amount of stimulus money on 'blacks'! Yipes! Whatever is going on here? This sounds very racist to most anyone who understands race.

    January 23, 2009 07:21 pm at 7:21 pm |
  2. CA Indie for Obama

    and jon in ca,
    3 of 5 campaign promises fulfilled; only 3 years 363 more days to get the other two done.

    January 23, 2009 07:25 pm at 7:25 pm |
  3. Ron , West Coast

    Obama won, the republicrooks lost. Lets move on and get the peoples business done !
    We the american public, are sick and tired of the stalling tactics of the repubs., ........
    Our country needs every american to roll up their sleeves, and get busy on repairing our economy.........
    The republicrooks can be part of the solution, or continue to be the " problem "........

    January 23, 2009 07:28 pm at 7:28 pm |
  4. Pepou

    I am elated after President Obama's first 48 hours in office. He has done more during that time than the Worst One did in 8 years.

    January 23, 2009 07:29 pm at 7:29 pm |
  5. Bob

    Obama's "sales pitch" - haven't you all heard it ad nauseum throughout this election cycle? WHAT doe it say? What does it produce? NOTHING!

    January 23, 2009 07:35 pm at 7:35 pm |
  6. aware

    Yes, PBO wants to change America! He is a pro-choice universalist who learned community organizing from Saul Alinsky, religion from Jeremiah Wright and who replaces a moral code with pragmatism and political expediency!

    PBO is not in touch with America at all! 😦

    January 23, 2009 07:35 pm at 7:35 pm |
  7. Pepou

    LouieGe an MBA in Phoenix : I will give you my feedback. Get a life and spare us your ramblings in writing.

    January 23, 2009 07:36 pm at 7:36 pm |
  8. Sue

    John Boehner is a moron.

    January 23, 2009 07:42 pm at 7:42 pm |
  9. Rorschach

    re: the bailout: Let's talk about John Thain, the "wunderboy" who was supposed to "fix" Merrill Lynch.

    Thain was given a $750,000 salary and a signing bonus of $15 million. His total pay package, however, sounded like a free-agent deal with the New York Yankees; it was reportedly valued between $50 million and $120 million over several years. The culture of greed is dying a hard death because even as thousands of Americans were losing their jobs, a condition largely owed to the subprime mortgage meltdown and the near-criminal folly of financiers, Thain requested that he be given a $10 million bonus.

    Merrill's failed execs also got large bonuses just about the time that they went under. Your bailout money at work.

    Also where your bailout money went: Thain's office remodel, which included a $31,000 TOILET and an $80,000 rug.

    Transparency is long overdue.

    January 23, 2009 07:45 pm at 7:45 pm |
  10. VegasGurl

    Well, after reading some of these comments, no wonder Americans are hated and 9/11s happen...keep it up!

    January 23, 2009 07:47 pm at 7:47 pm |
  11. Eric

    Some of you people need to get an edumucation!

    I did not vote for Obama nor do I support his hasty decision to close GITMO nor do I believe that American Tax Dollars should pay for foreign abortion programs (unless its aborting Al Queda babies, but really, how do you know?)

    That all said, the man has been president for a few days and has hundreds of decisions that he is going to need to make. He is also depending on a Congress that is willing to work with him with the country's best interests in mind rather than their parties. This is a long ride and there is no reason to judge Obama's presidency in day three!

    January 23, 2009 07:48 pm at 7:48 pm |
  12. bsmith171

    does obama know that joe biden's IQ is 75?

    January 23, 2009 07:53 pm at 7:53 pm |
  13. Penn Voter

    No Sale, Barry

    January 23, 2009 07:55 pm at 7:55 pm |
  14. Trojan Horse

    Obama's so-called stimulus plan is a Trojan horse. It's filled with bad things for the country, things that we can't afford but that will advance the liberal agenda.

    January 23, 2009 07:58 pm at 7:58 pm |
  15. JT from Missouri

    After reading some of the comments on this site about Obama trying to make an effort to reach across the isle, and still seeing people who do not seem to know what that means. I looked up a few quotes on the internet to help you guys along. Try to understand please.
    "A house divided against itself cannot stand." Abraham Lincoln
    " America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln
    "It is not ignorance that causes all the trouble in this world. It is the things people know that is not so." Edwin Armstrong
    What those quotes have in common is that if we continue to blame and criticize people that are trying to make an effort and continue to glorify ourselves to the point that you cannot appreciate nothing from someone who tries to help you, you are the one who is destroying himself. Including that you are part of the problem of America falling apart right now. Count your blessings that Obama is trying to talk with both sides to try to get things done. If you can come up with anything else that might help, please do so. If not do not say anything that you know that is not so. "Divided we fail, United we stand." Abraham Lincoln.

    January 23, 2009 08:01 pm at 8:01 pm |
  16. Gordon Shumway

    Just more of our tax dollars going down the drain with no end in sight. Where's all this talent that was going to fix all our economic problems? Still trying to figure out the tax codes?

    January 23, 2009 08:10 pm at 8:10 pm |
  17. yellow dog democrat

    Knock Knock!!
    Who's there?
    Obama, President of the United States – I was elected by a majority of the voters – so get out of the way & move over - I'm going to do my job as I was elected to do!
    70% + approval ratings folks – all the crying, whining and name calling is for nothing but your own twisted self satisfaction, cause, the man is in town and he's working day and night to get the tough job he ran for and accepted and will accomplish! whether you all like it or not!

    January 23, 2009 08:13 pm at 8:13 pm |
  18. Mike - Houston

    I think the picture tells the story. Obama, completely unprepared, surrounded by Pelosi and Reid. You know who's running the government, and it AIN'T OBAMA.

    January 23, 2009 08:25 pm at 8:25 pm |
  19. Texas Teacher

    Sounds like a plan to me... better than anything Geo. Bush and his cronies came up with.... wait a minute, I forgot.... the only thing they were concerned with was lining their pockets with money at our expense.

    Pffft... get out of the way, Repubs, you made the mess... you are NOT qualified to fix it! 😦

    January 23, 2009 08:47 pm at 8:47 pm |
  20. Marc

    Hey Mike – January 23rd, 2009 6:51 pm ET
    In the past two years, how many times the now former Prseident Bush used his 'veto' power? You know, that one that makes any attempt of the Congress to goes against the president policies to fail?
    Because to make a veto be blocked and the law/legislature that goes against the president's agenda takes much more than the number f seats in the Congress (in both House and Senate) than the Dems have had in the last two years of the Bush Administration.
    Just in case you are suffering of selective amnesia...

    January 23, 2009 08:48 pm at 8:48 pm |
  21. Texas Teacher

    Just shut up, Renee! For God's sake... NOTHING Obama can possibly do will even begin to be as stupid as Bush/Cheney. And you are still defending them.... then you need your head examined!

    I mean sometimes you just gotta call a fool a fool! 🙂

    January 23, 2009 08:50 pm at 8:50 pm |
  22. Ula Nejad

    Everytime this man is going to open his big mouth beware. Like father like son. Anything goes.

    January 23, 2009 08:50 pm at 8:50 pm |
  23. Noscapegoatsnow

    When candidates build up expectations that are unrealistic, when the media scapegoats the Commander-in-Chief and the Executive Branch of government. and turns a blindeye to the Legislative Branch with a bunch of curmugeons, naturally you got expect a few bumps in the road ahead. Maybe the "honeymoon" will be postponed until later. Sure.

    January 23, 2009 09:07 pm at 9:07 pm |
  24. Rainbows and Butterflies

    Jon @ 653
    N0, liberals believe in the rule of law and fighting terrorists with the competent use of our arsenals.
    Only 1416 more days until Obama's next inauguration.

    January 23, 2009 09:09 pm at 9:09 pm |
  25. Iamcrackingup

    @ Renee

    5. Were you ever enthused about President Obama, surprising since he's only been in office two days.

    Tuesday – 1
    Wednesday -2
    Thursday -3
    Friday – 4

    January 23, 2009 09:16 pm at 9:16 pm |
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