January 28th, 2009
11:53 AM ET
4 years ago

Obama: 'We don't have a moment to spare'

President Obama spoke after meeting with a dozen CEOs.

President Obama spoke after meeting with a dozen CEOs.

NEW YORK (CNNMoney.com) - In a final push before the House votes on an economic stimulus package, President Obama said Wednesday that the country needs immediate action to solve rampant job loss.

Obama spoke after meeting with a dozen CEOs including Sam Palmisano of IBM and Dave Cote of Honeywell.

"The businesses that are shedding jobs to stay afloat ... and all those who live in fear that theirs will be the next job cut - they need help now," Obama said from the White House. "They are looking to Washington for action - bold and swift."

Filed under: President Obama
soundoff (212 Responses)
  1. Kim Smith

    CEOs are eliminating all those jobs solely for the purpose of increasing their profit margins in a slow economic period, and that will in turn increase their personal salaries and bonuses. It is time America stopped believing the myth that the corporate elite have ever, in the history of our nation, put the good of the nation ahead of their own ambitions. Take one look at the greedy smirks on their faces, and you'll know that these guys are not worried about their own well being.

    January 28, 2009 12:47 pm at 12:47 pm |
  2. Elroy

    Let's all breath a sigh of relief. We now have the legislative power to dispose of these hate criminals. Prison and hard labor may turn them around. Hannity's next.

    January 28, 2009 12:47 pm at 12:47 pm |
  3. TX_C

    Good move. Hopefully the CEO's will work with President Obama to circumvent more layoffs and provide solutions to creating new jobs in the private-sector.

    January 28, 2009 12:47 pm at 12:47 pm |
  4. Stacy from Leesburg VA

    President Obama: "[Workers] are looking to Washington for action — bold and swift." Good luck with getting anything bold and swift in DC. The only thing you can get bold and swift in DC is a bowl of chili at Ben's Chili Bowl. Not with dimwits like John Boehner and his sidekick Eric Cantor leading the GOP charge. They object loudly first and talk later.

    January 28, 2009 12:48 pm at 12:48 pm |
  5. Dont blame me

    Obama's plan is shear LUNACY !!!!

    Reduce this big SPENDING bill by 70% by cutting out all of that PORK to special interest groups like ACORN and include something that will actually stimulate the economy!!!

    If Obama has his way, this democratic spending bill will take us from a recession all the way down into a depression.


    We can do better !!!

    January 28, 2009 12:49 pm at 12:49 pm |
  6. Simmy

    Pass that S-PACK or there might soon be a petition to get rid of the trouble-makers in Congress. Just joking........................................

    January 28, 2009 12:51 pm at 12:51 pm |
  7. Michael "C" Lorton, Virginia

    When the economy is thriving, and jobs are plentful, there is a universal harmony-but when corporations and industires fail to see and make adjustments to continue their successes--they always trun to the government-–and in turn-the government always turns to the taxpayers. If corporate greed could be remove as a variable, what a wonderful world this would be---at least it is nice to "dream,"--society will never learn--and the haves will have and the haves-nots-will have not.

    January 28, 2009 12:52 pm at 12:52 pm |
  8. Al Mellen


    January 28, 2009 12:52 pm at 12:52 pm |
  9. Ambrose Smith, Borrego Springs, California

    I want Obama to fail!

    signed your truly, Rush Limbaugh.

    January 28, 2009 12:53 pm at 12:53 pm |
  10. chuck


    January 28, 2009 12:57 pm at 12:57 pm |
  11. Debbie Benedict

    If President Obama wants to send us a stimulus we will spend, why not send a Visa Gift Card? As much as I would like to spend any extra money, being responsible I would have to spend it on saving or debt. If I had no choice and received a gift card that would be wonderful! I could spend it without guilt.

    January 28, 2009 12:59 pm at 12:59 pm |
  12. naqib

    Obama spoke after meeting with a dozen CEOs

    Wow... just a few months ago people would have crucified Bush/Cheney for a meeting like this...

    Bah... Bah... go the sheep

    January 28, 2009 12:59 pm at 12:59 pm |
  13. EC

    Mr. President –

    We're behind YOU 150% and we support your stimulus plan. Please don't waste any more time trying to babysit those Senior jackasses who do nothing but complain, but never roll up their selves to help clean up the mess THEY created the past 8 years!!

    LET'S GET TO WORK and let the naysayers get out of the way!!

    January 28, 2009 12:59 pm at 12:59 pm |
  14. Brian Kolodji

    Who are the individuals next to President Obama in the picture?

    January 28, 2009 01:00 pm at 1:00 pm |
  15. carlo

    It's not pork idiots! To have a stable economy, money must go to ALL OF THOSE THINGS! This is how we got into the mess we're in now. Education, healthcare, infrastructure, all of those things help keep an economy strong. Giving tax cuts to rich people, however, hasn't helped the last 8 years now, has it?

    BTW, ACORN is not getting stimulus money! Read the bill and stop listening to Rush!

    January 28, 2009 01:01 pm at 1:01 pm |
  16. Tom in Delaware

    Goodness, he's right, I just saw the sky fall.

    Please...rush this bill through right now...don't even bother doing what you're paid for by reviewing it first....hurry...just sigh right there on the dotted line.

    January 28, 2009 01:01 pm at 1:01 pm |
  17. Matt

    "We don't have a moment to spare"?

    Yesterday on NPR, the head of the OMB said that this recession is going to last YEARS. If that is true, why do we need to rush to pass a spending bill for projects that won't even be begun for a year or two?

    How about they spend some time and actually THINK about it? The last time this were in this much of a rush we got the Patriot Act... Are we happy how THAT turned out?

    Either Obama or the OMB head are being disingenuous.

    January 28, 2009 01:01 pm at 1:01 pm |
  18. Casy

    Hey Don't blame me

    I couldn't agree with you more!

    January 28, 2009 01:01 pm at 1:01 pm |
  19. Happy Camper

    More corrupt scare tactics. Pull ALL our troops home, that would save us trillions. Trillions.

    January 28, 2009 01:02 pm at 1:02 pm |
  20. Ghost

    OK, can anyone who doesn't support this bill tell me where all this pork is? Better yet, can anyone who doesn't support this plan give me a reason other than anything with the words pork, ACORN, socialist or tax breaks as to why it won't work?

    And why are you guys so against the contraceptives part? You are usually the ones grumbling bout welfare cases. I would think you would support this more than the rhythm method you guys use.

    January 28, 2009 01:04 pm at 1:04 pm |
  21. Please pass

    Please just ignore the radical rightwing that got us in this mess. They have nothing to offer but more of the same failure.

    America is falling hard and fast and we need President Obama and reasoned and intelligent responses now, not more of the same Republican richey-rich policy with their screaming rants from the ignoranti of true believers.

    January 28, 2009 01:04 pm at 1:04 pm |
  22. Kevin

    Hey Dont blame me:

    Its the new new deal dude.
    Get use to it, republican economics is dead.

    January 28, 2009 01:04 pm at 1:04 pm |
  23. Eyckie

    Wake up 'Don't Blame Me'. America is burning and Republicans are holding the people hostage while they demand more tax breaks for their rich friends. They are the party of losers, whiners and obstructionists while Dems are trying to move the country forward. Never mind Acorn, it's Republicans that have added all the PORK.

    January 28, 2009 01:05 pm at 1:05 pm |
  24. Please pass

    There is no reason to listen to the heeds of the ranting rightwing that got us in this mess.

    More tax cuts to big business that already is paying next to no taxes won't help. (they've just offshored the jobs overseas faster with the savings). Taxing secretaries at higher rates than Nelson Rockefeller and Steve Forbes won't help – it's only created deficits.

    Destroying the middle class with energy spikes, job offshoring and inflation won't help.

    Republican policies have failed. It's past time for them to just move to the back benches and be noisy, but useless back-bench bombthrowers since they've long proven they can't govern.

    January 28, 2009 01:06 pm at 1:06 pm |
  25. Rick in WA

    Yeah, get it through fast before people figure it out!

    January 28, 2009 01:07 pm at 1:07 pm |
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