Obama is holding his first prime time news conference. (Getty Images)
(CNN) - President Obama made the points he needs to make to the American public: If we don’t act now, this economic crisis will become a catastrophe.
He also made the philosophical point that tax cuts alone cannot solve this problem, as some Republicans suggest.
He conceded that we can't depend on government alone to solve the problems, but made the point that only government is large enough to solve the problems of this size.
I don't like this new format. It's too hard to read. Please return it to the previous format.
Honest, Open-minded and willing to be fair to the American People. Can he guarantee this package is going to work. No.....but he is trying to help the American People, by leading them to the best solutions, that he has derived from the many experts that he has talked to.
American People call your congressmen and women, Rep or Democrat, we want change and we want it NOW, Help our President with your support for this endeavor, give him the opportunity to direct this country and in the meantime, do your part, be a responsible citizen and quit thinking of only yourselves and help one another, this day, not tomorrow or next week.
Be a Living Example, to the Solution......Act today.
I see a lot of Rush Limbaugh's posse is on the site tonight. Our President is a very bright man and it does take intelligence to follow him, but he is very clear. Its one of the most in depth news conferences I have ever seen. i have full confidence in his ability to get us out of the mess that George Bush and his Republican cohorts got us into.
People need to recognize that the Republicans have a lot to gain with the failure of this bill none of which has to do with the American people but more with their lust for gains in the next election.
"Anyone who doesn't know that you have to spend money to make money is an idiot."
When you spend more then you make...your an idiot. Especially when you don't have it to begin with.
We don't have the money to spend....We are barrowing it......From the Chinese....Get it?
Anyone with a good grasp of economics understands that in a downturn such as the one we're facing, it takes demand to get things back on track. I'm not a big fan of deficit spending. I think the previous Administration's fiscal policy record is an absolute abomination–doubling the deficit in eight years and turning what was looking like a pretty healthy situation into the worst economy since the Depression. However, when there is a recession, it's a good time for the government to spend. The harder part is reigning in spending when the economy is doing well. After all, if you're going to deficit spend during the bad times, you need to run surpluses during the good. Another way of saying that is you need to pay off your debt when you can. Politically, this is difficult, but not impossible, especially with a pragmatic President and Republicans who will seek to win back their image as fiscally responsible.
What is wrong with you people? Did you honestly expect that all the problems brought about over the past 8 years could be solved in a matter of 3 weeks? Let's give this new president a chance. I can't imagine anyone being worse for our country than Bush/Cheney/Rumsfield was. How quick we are to forget the facts!!!!!
He has done more in the time he has been president than BUSHCO could do in a year. And is explaining to us with honesty and the unvarnished truth.
I know that that is what the GOP can't stomach, but if there are any Repubs that want to get their head out of the sand and they will be welcomed. Hopefully more will see the light.
"Let those who have ears, hear"
"Honost Obe" did a decent job but he stammered and stumbled weakly throught the middle east.
It is "disingenous" of the President to try to claim that the GOP is merely proposing tax cuts. Pretty much everyone is accepting of a stimulus package. But the problem is with THIS stimulus package, put together by the hyper-partisan, leftist side of the aisle, headed by Pelosi & Reid & Co, without any effort to craft bi-partisan legislation that the country can rally behind. The GOP continues to be locked out, after 2 years of Democratic control of Congress, and look how fast our country has started to sink ever since.
If you want 7 million jobs, deport all those in the country illegally and make people do those jobs or they get no unemployment and no help with social welfare programs. Also revoke H1B Visas for jobs that here are Americans who are qualified to do those same jobs, that could be 1.5 million jobs a year.
I can see the president's smart move. The congress is playing old-school politics, staling the progress by putting their own ideological leanins above the people. Obama's move is speaking to the American people - he want to ELKHART, Indiana and told people 'We can't afford to wait'. He will go to Florida, another town with double digital of unemployment rate, and speak to the people directly. People is watching what the president is doing, and is also watching what the congress is doing. The Republicans play the politics and try to gain something for the next election and don't care much else. I am confident the people will recognize why the Republicans don't want the bill to success. The people will speak out. The republicans will eventually know the old-school politics will hurt them self too.
Logic time folks. Jobs that last 2 years while the private sector builds up enough to hire back or jobs just going away period. Finis. The end. Which is the better path? Cut taxes for who? The big companies who've HAD their taxes cut for years and pocketed the profits of the war contracts and said cuts and sent jobs overseas? You really think they'll change their stripes and suddenly get all patriotic? You really think that will work? Or how about those who suggest do nothing and let everything "shake itself out". Yeah, there is a real good suggestion. This is not a "shake yourself out" situation. I've heard some of you say "pull yourself up by your bootstraps". I'm guessing those people have plenty of cushion. Do you really think that this is some plot by Obama to get into a position to spend for the fun of it? My God the failure of the conservative right to see what's in front of their faces just so they can hold on to useless ideology is staggering.
Im speechless,guess I have to wait till tomorrow and see what my Messiah,Rush Limbaugh,wants me to think and say on here to counter those evil socialists.Rush will lead us to the promised land of richs and wealth,free drugs and hookers,and an offshore bank acct.filled with cash that cant be taxed.
Whoa.......not too many economists on this blog....or even people who try to express their opinions in a reasonable, well thought out manner. For you all who fail to understand the very crux of our current problem, let me just make it very clear and easy for you. There is not enough economic activity occuring at present. (spending, trading, investing, whatever term you want to use) Without the active exchange of monetary units (money), the economy comes (came) to a standstill. How do we get the units of exchange (money) to begin moving again?
Think people, THINK!!........be pragmatic, NOT DOGMATIC!. Drop the partisan 'philosophy' and THINK. Who or what person or entity is in a position to SPEND and get the ball roliing again???????
When one lets emotion and vile bias effect the logical conclusion, one validates the belief of many that we descended from apes.
Hey Mark, I get it. And when a person wants to start a business....they BORROW (spelled correctly for your benefit) the money. Then they BUILD the money over and pay back their debt and keep the profit. Again...that is how business is run.
Wow, how nice to have a smart president!
All of you who think about this in terms of government vs. no government need to remember: the issue with George Bush's spending wasn't necessarily that he spent, but WHAT he spent it ON. Bush financed war and destruction, and tax cuts for the guys on Wall Street. Had he spent the money on things like education, health care (not just giveaways to drug companies) and infrastructure, those would have been good investments. Also, the belief that government should do nothing is what led to the financial crisis – the government MUST regulate and enforce laws or you have anarchy.
At this point consumers and business are too scared to invest so the government needs to pick up the slack. I guarantee you that within his 8 year term Obama WILL balance the budget and leave America in a much better shape than he found it.
Gosh is he ever handsome..finally a President who is easy on the eyes ;)
I TRUST MY PRESIDENT. It has been about 10 years since I have been able to say that and it feels good. I do not care what anyone says, I am happy with out choice.
Barack is intelligent about the Middle East and the economy, honest to the public and willing to be morally upright. He won't cater to the Big Money that has controlled the power politicians for about 100 years.
I support my President. Let's get em Barack!
This is how it works.. The construction road crews need uniforms.. well then uniform production increases, they need equipment.. well catepillar will be calling back their workers, They need road paint.. that company is back in business. they need dump trucks and trucks they get back on the road.. they then can buy food, clothing, goods... cars trucks and yelp making their house payments Schools need painting.. painters are back to work, down in Texas where Ike almost killed us all, school need roofs replaced, paint factories back to work... roofing materials demands go up.. Census.. hires young college kids and adults to go house to house.. Summer jobs.. Jolt in the economy.. yeah Young kids buy cars and shop at the mall like crazy people.,..cable needs installers, repairs, representatives...all this sounds like work to me.. and only from one phase too.. think people think...