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."
Allowing tax payer dollars to pay for abortions in foreign countries does not help the American worker who's struggling with mortgages and insurance costs and trying to keep a job.
Rather than bold and swift action, we need carefully planned and well thought out action. Didn't the $700 billion bailout teach us anytning? Most of this package will take 1-2 yaers to take effect. If we get it wrong, we will have flushed $825 billion down the toilet. take a week or two to make sure each and every dollar will have the desired effect, and will be traceable and accounted for. By the way, this is supposed to create or save 3 million new jobs. If my math is correct, that works out to $275,000 per job! We could give $50,000 to 16.5 million people for that. Wouldn't that work a lot better than food stamps and condoms?
I didn't hear anyone complaining about all our tax dollars spent going to fight two wars – one of which was morally and legally wrong. But now everyone is crying about spending money to help this country's economy and it's people.
I am so tired of the republicans trashing this stimulus and yet they have nothing to offer except tax cuts and that's not going to help.
Why doesn't everyone relax and give things a chance to work. All the politicians and journalists are just making noise, they don't know what is going to work. There are some incredibilty intelligent people working on this problem, give them a chance.
CNN PLEASE POST MY COMMENT ! YOU NEVER DO
No, not as long as pormoting and securing his own power and dictatorship, or socialist agenda.
Why do you comment when you have no idea what you are talking about? You're worried about "special interest groups like ACORN" getting $$? Sounds like you read a lot of headlines and zero content. This three paragraph article seems just short enough to keep your attention span though. I can't wait until Obama puts more funding toward education so people like you will learn to read.
Yes – let's hurry and get the critical BILLIONS necessary for contraceptives pushed through!!
Congress should have to vote on EACH line item. These huge PORK spending bills do nothing but waste tax-payer dollars.
And NOW with Democrats in charge of the White House AND Congress... we're relying on the tax-and-spend party have full control over the checkbook.
What a dark day for our country when Rush is actually right!
Actually, Obamas plan is much better than the idiotic ideas the Republicans have been coming up with.
I say let him have it. He can't do worse than Bush did.
Is the plan in it's entirety put out so all Americans can read it? Until I see it, I have no comment. And......unless you Obama haters have read (and fully understand) the plan in it's entirety, you should shut your mouths!
ACORN ACORN ACORN.....that's all you got, don't you? You haven't even read the plan have you? ACORN was your election word, so now you want to ride it till it turns blue!
And yes, we can ALWAYS do better....
Like the guy we have in office is much MUCH better than the last one.....
Whhahaha............... dont forget Limbaugh. He needs some bailout money to. The McCain/Palin plan would be much better: mr. Dont blame me....
Yeah, not a moment to spare. We need to pass this thing right now so we can have infrastructure improvements in 2011. We need to get money to ACORN. We need to stimulate the economy by stopping STDs.
Am I missing something? I agree we need to do SOMETHING right now, but something that will actually help the economy instead of paying back political debt, etc.
@don't blame me
Dude, that's the problem, you are being blamed, LOL!!! Look at our government, they're twitching our country. Some wanna say other things and some think they know answers. To tell you the truth, even we are surprised there's too much attention on it. And people better be careful, if they don't do nothing, they will be the laughing stock for months to come and my boy all he's gonna do is sit back and let those ratings go up...
We prefer him to work on National Security. Heck with the economy, these are the same people who can't even take of themselves, and they want answers?? My goodness, I bet you they'll complain still in 3 months...they have no idea what they want, they think they know but they don't.
"Dont blame me"....what are you talking about? LOL
We Cannot Wait... that Stimilus will jump start the economy.
YES WE CAN
Another ignorant comment from Rush Limbaugh's one brain cell that exists, 'Don't blame me' (except that your two votes, fellow, for Bush were why we're in this mess to begin with). First, the split on spending vs. tax cuts is 60% to 40% and there is not one dime going to ACORN. You can lie all you want but it ain't going to change the facts. So WAKE UP IDIOTS and just shut your trap. After the last 8 years, you've lost your right to say a darn thing. (And because you are so lame you will say the Dems had Congress for the last two years...but what even the 'scarecrow' knows, the Dems didn't have the vote to overrule the Republicans filibuster number or Bush's veto pen.
Republicans would do well just to vote, "NO", do nothing, and STFU.
I've got news for you "don't blame me".......Bush left this economy in a freefall and headed straight for a deep depression. President Obama is doing everything he can to stop the bleeding and get us going back in the right direction. We did wake up.....and we are doing better.....by electing someone with an IQ higher than a turnip this time.
To Dont Blame me: Just hang in there you can vote for Sarah in 2012 . She signed up at the Federal Elections Committee for candidate for president in 2012. At least with secret service her kids should not be running around loose. I for one am a republican but when i seen that I am going to change to indepent. Sarah would ask for a stimulas plan so she could take free trips for her and her family all over the world.
That;s right...finish off America with massive inflation spending and bankrupt it ASAP.
He will smile in your face while He puts the knife in your back, that Obama.
Well, George W. Bush had his way and look where we are today.
If the GOP had the right plan they should have used it.
By the way, we have done better Mr. O is President and Bush ain't
Apparently ACORN doesnt have a moment to spare. With that and his apology to the middle east i'm for impeachment.
You know, that is funny...
Even when president Bush was here, he didn't bother to talk about the economy and once my boy got sworn in, it looks like is the opposite, LOL!! Man, we are messed up, huh? We are more delusional than Britney Spears...
Screw the economy, let's just work on Foreign Policy. Hey, maybe it can have a diversion and have the economy get set up, plus, if anyone knows diversions, is President Bush, huh? We think that's just too funny...
At least our country is a spectacle, that's fine with us. That is funny...
President Obama is right, we do need to take immediate action. Each day, more and more jobs are disappearing. The bailout package should be directed towards keeping jobs. Companies should be watched more closely so that they don't buy a new jet or remodel their bathroom instead of keeping from laying off jobs. The government should be able to direct where they want the funds to go.
I am all for a stimulus package but not for a rushed approval of all of this spending without a thorough review. I know this thing is 600 pages long but our government has to be careful. 'Tthrowing' money at a problem will not fix it. It took a long time for our economy to get in the dire straits shape it is at.