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.
Folks, looks like you hve very short memories. For all the cynics out there, how does George Bush compare to Obama? :-) Give our President a chance and don't behave like were-wolves!
Anyone who doesn't know that you have to spend money to make money is an idiot.
How could American people be so ignorant, it is clear as daylight that obama is an opportunist, he is a liar, he is an illegal alien, he is corrupted, and god knows what else, Michelle is a radical, mean hateful witch, who hate this country, and Obama is a puppett on a string, he listen to Mean Michelle, but covers it up with his lies, AMERICA WAKE UP AND USE THE KNOWLEDGE AND FIVE SENSE GOD GAVE YOU. THIS MAN WAS BORN IN KENYA AND IS A FULL FLEDGE MUSLIM AND IF GIVEN THE OPPORTUNITY WILL DRIVE THIS COUNTRY INTO A DITCH. SEND HIM BACK TO KENYA NOW.
This press conference is a disappointment. It is clear that with out a teleprompter he reverts to the same old same old blame Bush talking points. It is time to step up Mr. President start leading, its your show now.
He was not able to articulate a case for the stimulus. If the private sector is the sector that is shedding jobs what is the plan. All I heard was couple of pet projects. I am very disappointed in his ability to handle the foreign policy questions; his answer on his position on Iran was ambiguous. I am sure that leaders of Pakistan thanks to Mr. President now will feel enlightened with his thoughtful answer that they need to be aware that the terrorist are threat to them.
Sorry pal...two masters degrees..doesnt mean you are entitled to work. What are they in..basket weaving???
7 months unemployed?? Take matters into your own hands..pull yourself up..relocate if you have to..take a pay cut..afterall..all the wall streeters have those dual masters..and they got us in this mess..did you???
How about putting a cap on credit card interest rates so that we can actually pay down balances and begin spending again.
Funding education is not pork. The school districts cannot afford to pay for infrastructure upkeep. They cannot afford enough books to go around. They cannot afford to pay for the teachers they already have.
this bill is ALL PORK. Nothing for the people losing their jobs, Nothing for the people who have and will lose their homes. Its all PORK. I guess this is the SPEND part of TAX AND SPEND, just wait until we have to pay for all this waste, and their is NO MONEY left for Schools, or anything else.
Certainly tax cuts for the wealthy have not helped. Maybe Obama's plan won't help either, but at least it is taking aim at the problem. My Republican Party leaders need to spell out what they are offering other than a repeat of the Bush years.
As a political strategy this conference is backfiring horribly. The only skill Mr. Obama had during the campaign – his speaking ability – he has completely lost....
This is idiocy. We're racking up $1T in this mans first month in office. That's gonna come back out of our skins, in the form of inflation, interest on debt obligations, and taxes. And the money is going to sectors of the "economy" that don't produce a thing.
There will be no long term gain from this, only severe pain.
"We hear resolve, that to tax ourselves into prosperity is like someone standing in a bucket and trying to lift themselves by the handle" Winston Churchill
This bill is garbage, plain and simple.
Doing nothing is not an option.
Doing this bill WILL be WORSE.
President Obama is sharing an open honest conversation with all Americans – he is all about doing what is best for America. I know this is something that no one is used to! I am inspired by his approach and his positive presidency thus far. You need to be positive & have hope. Those of you who only share negative views will only attract negativity! Sooooo – chilax & :)
An FYI, "recklace" is spelled reckless. You might want to look into that.
Not a big fan of the stimulus, bailout, or looking for banks to extend credit. Debt is not good. Period. However, I have a complete understanding of why a stimulus is needed and the President has a clear plan and an organized strategy to move forward on this. Thank goodness I'm not the president, because I would say forget the bank loans and credit companies, let them die. They're part of the problem, with the high interest and all. Let's start from scratch. Do over! And another thing, who said Yes We Can to the 30 year mortgage where you end up paying almost double the value of your home, anyway? Hoodwinked I tell ya!
Elar....the specialized construction, engineering jobs, etc will still need people to run the offices that manage these projects, employees, finances, payroll, maintenance, etc.
Some of you guys need to think bigger and look at larger pictures. Broaden your thinking and this will make sense to you.
No ear marks in the plan. Has the President read the bill. When is he going to answer the questions being asked rather than blaming the past 8 years that have put us in this situation and talk of other topics. When is he going to lead instead still campaigning ? Stop blaming the Republicans. It was the Democratics too that put us in this situation with the economy. The President needs to more pro-active instead of blaming the situation.
Before we give out any more money we should have something in WRITING that ensures this won't be a repeat of the bank bail out.
This is OUR MONEY and since WE will be paying for it we deserve ALL the details before any more of out money is committed to any Stimulus Bill.
By the way all this complaining by President Obama about the Bush Administration is starting to make him sound like he is only President of the Democrats and not the Republicans and Independents.!
Additionally the OBAMA administration is making the same mistakes the BUSH administration made by spending like a bunch of impulsive teenagers.
So get a grip, get a plan, provide us with the details and stop THROWING OUR MONEY OUT THE WINDOW.
We will support a stimulus if it is the right one!
You people don't get it! You will never be satisfied. If we as a people had take Bush 43 to task like you all want to do with the President then we would be a little further ahead. We did not do our job as well as at this point we all will suffer for not holding the elected officials accountable. Go help us all! We have not a clue of what we are doing or what we want.
Well, 52 percent of America voted for this man. You get what you pay for (all $820 Billion worth). Good Luck.
UUUGGGGGGHHHHH! Somebody tell me this is a dream, this is just to painful to watch. My Hope is gone.
You are complaining about hiim stammering?! Oh my...now THAT is really important!
he knows what hes doing...by far....such more more eloquent and intelligent then that moron...im glad texas found its moron.
ELAR – the office worker gets a job when the contractor gets a new contract and can afford to hire office staff again. Think about it.
Matt, have you considered how W butchered the King's English? At least Pres. Obama hasn't tried to "put food on your family."
Sorry I am so ignorant.
At least he wore a jacket for a change.