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."
CNN why do you keep closing the comment sections so early when there is a negative article? This is in regards to Rush's nasty comment about President Obama in hopes that he fails. I know that we have freedom of speech in this country but this man has gone to far. I'd bet that if he threatened President Obama that the Secret Service would be on him like white on rice. This man's comments can be suggested as a threat to him. I say arrest this man and send him to see Bubba in prison.....Or give me 5 minutes with him.
He didn't meet them in secret? After 8 years of Bush I thought it was mandatory. So much openness is hard to get used to, but it's nice.
Have any of you actually read the bill? I do not pay taxes and should not be reuqired to pay taxes so NOAA can spend $600 million dollars on climate sensors (when was the last time the local meteorologist accurately told us the weather – 60% my rear it is raining), $5.12 billion to help people find jobs (its called get off the couch and fill out an application at McDonald's), 36 billion so those same unemployed can sit at home and collect a check while I have to go to work everyday, $39 billion so those same unemployed couch potatoes can sit at home and collect a check plus get free health insurance, and everything else is just a project that has needed funding but did not get the request approved in the past. This is not stimulus. It is a pure projects bill. We need stimulus and incentives. I like the idea of giving every tax payer over 18 $1 million each since it will be less than $825 billion.
I bet David Cote didn't explain why he is part of the problem. Why is Honeywell sending thousands of jobs to India, Mexico and the Chez Republic? Manufacturing, Finance and other support services are mostly outsourced at Honeywell. Honeywell's profit line apparently means taking jobs from Americans. I don't think anyone should listen to any of the CEO's until they make a promise to bring jobs back to America and not outsource. Also, they should not receive any defense contrracts as long as they are outsourcing jobs. Not just Honeywell, alny company that has government contracts. All federal vendors should be reviewed and contracts terminated if the firm outsources.
we also don't have the money to spend on a vote grabbing spend fest by the dems.
accorn needs the money to register every NFL player for the 2010 election!
I was laid off in early OCtober 2008 and have had NO LUCK at all finding employment.
I read in today's paper that a husband and wife who lost their jobs killed all five of their children and then themselves.
I fear this is only the beginning of stories like this.
Damn Bush and the republicans who controlled Congress for the last 8 years. How can anyone who has a good job and are well paid even begin to understand class conflict. To hear the wealthy and those in positions of power say they understand how we feel is obscene.
When people take to the streets in violence just to survive, maybe then they will get a clue.
Instead of thinking of positive things to help our country, we spend an inordinate amount of time with negative people and idiots like Rush L. He makes up stuff, and then makes up stuff that can solve the made up stuff. He is a negative influence upon all of us. Dr z
When people take to the streets in violence just to survive then, and only then may those with money and power get a clue.
People are lost and losing their jobs and the Republicans are wanting their agenda meet that McCain campaigned on cutting taxes for the wealthy and business and they could care lest for the middle class. Democrates pass the bill and succeed and let the Republican fail if that's what they want.
David: Beohner wants to make it as difficult as possible because he is dedicated to his party. I think he is also setting himself up for a 2012 run for president. The worse he makes Obama look the better he will look in 2012.
I am also betting not one of these CEOs took a pay cut.
I wonder how many of IBM jobs have been outsourced overseas?
I wonder if there is going to be anything put in place to protect the American people by actually keeping the jobs in America and not just allowing the companies to outsource jobs (i.e. telemarketing, technical support, programming, manufacturing).
No more outsourcing, that is one of the biggest stimulus this country needs.
It has been said that the Democrates do not need the Republican vote to pass this bill. Go ahead and pass it, then we know who to blame.
Are you too proud LIP to lay sod to feed your family? If yes stay unemployed, if no do what any responsible person would do .
I see that the conservatives are still under the illusion that cutting taxes will stimulate the economy. At some point we will have to pay taxes for the debt that the previous administration got us into. I did not see the conservatives watching where the tax payer dollars were going in Iraq? Tax cuts do not work. Perhaps the trickle down theory sounds good but human greed and our addiction to more of anything that feels good sabotoges the theory. We keep cutting taxes and look where we are. I just finished reading much of the economic plan and if we did the projects that are laid out in that bill we would have a busy country. Before anyone judges the bill READ IT. Even if you just read the table of contents you may hear words come to mind like jobs, progress, improved communities, a better life for my children and my neighbors. Try it.
@Lynn in NM
Lynn you're a moron. 3 weeks into the new year and 1 week into the new administration and you ask what's taking so long? Why did you even bother to post?
President Obama is correct. Sadly, the Republicans are putting their egos and mistaken ideologies ahead of our Nation!
TO the nay-sayers-and-haters, UNLESS you can offer a solution........SHUT UP.
stimulus–the new lexicon for welfare dombocrats favorite charity
Apparently ACORN needs immediate assistance in the sum of over five billion dollars.
This is not a stimulus bill sheep no matter how the uh, uh, telemprompter genius in chief tries to hide it this is a pork laden boondoggle.
5.2 BILLION dollars in total to ACORN, we in Chi-town call that quid pro quo, or payback for services rendered, what's that you say, the MSM didn't tell you that 5.2 was going to ACORN..... "oh no they didn't".
I will get back to work and paying income taxes as opposed to you supporters of the messiah who are going to get a "REfund" while not putting into the "fund".
Steven , what do you suggest we do contrary to what the greatest economic minds has suggested. You have the new treasury secretary pledging strict oversight. Can you give the administration that WON the time to implement his policies? Then complain if it doesn't work.
Lets face it. We have given the banking industry and wall street 350B. Now, there is another 350B to be sent out. None of this has been accounted for. Nobody is telling where the money spent. Probably to cover deficits in the big banks that no one knew anything about except the execs and our infamous senators and congressmen. Now comes another 825B that by the time it is finished and the pork added, will probably be closer to 1TRILLION. Some of the things going in this make no sense at all (2.4Billion for carbon capture products, 4.19B for ACORN (go figure), 650M for digital conversion, 400M global warming research (thought Al Gore already had that figured out), hundreds of millions for family planning).
Where does it stop. The only way to get this down right is to put money into the hands of the small businesses, return the lost manufacturing jobs, tax cuts for all aspects of the business world. We can dream all day, spend money like there is no tomorrow (and there may not be) and the only thing we will accomplish is creating more debt for the general public to pay for (somebody has to).
Someone said it right. This is not a stimulus, it is a long term spending bill that will benefit the few.
I respect our President Obama for presenting the Stimulus Plan in
a timely manner, however, this generated taxpayer initiative has to
be scrutinized thoroughly , item by item, which was promised by both
candidates in their race for the White House, in dealing with the state of our economy, which is still the most problematic crisis of our time.
Do we all really think it's a coincidence that the day our new Secretary of Finance was confirmed thousands of jobs were lost?
I am sure many people are hurting. People can't pay their mortgages, can't afford to lose any more of their retirement in the stock market, people losing their jobs. But is it really the responsibility of the federal government to take trillions of dollars of hard working American's money and spend it in the hopes that it might help the economy recover? This is all artificial. It's not long term. It doesn't solve the problem it just masks the symptoms. I feel very sad for you people that were so caught up with Obama or Bush for that matter. Neither of them will save you. All it will due is impose more regulation, increase the deficit, and a shred the constitution. Did you know that part of the bill requires that your medical records become available to government bureacracies?
You're right, Mr. President! Not a moment to spare so everyday when you pull up your shirt sleeve to work at your beautiful desk....know that millions support you!!
If bi-partianship isn't working, then make your decisions!! You have enough support and yes, you WON and yes we CAN!
Billy January 28th, 2009 2:38 pm ET
I wonder how happy the 72,000 people that lost their jobs earlier this week are with the republican stall tactics and political posturing. My guess is not much.
We're doing just fine thank you. Some of us actually have a financial plan in place for situations like this.
This excuse for a stimulus package won't help ANYONE.
We don't need condoms Nancy, we need paychecks.
If any of you bothered to read the now 1,500 plus page bill, you would vomit at the amount of pork BOTH parties are trying to stuff into this thing.
The Republicans intentions may not be truly known, but I'm all for anyone who wants to slow the machine down and read the d@mn bill before signing our children up for a debt they will most likely never be able to repay.