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.
Thank the lord a president who wants to jump in and rollup his sleeves and do some work and do something for for the American people.
TjayeInLA February 9th, 2009 8:54 pm ET
Anyone who doesn't know that you have to spend money to make money is an idiot.
Anyone who doesn't know that you can't spend money you don't have is the idiot!
I see a recurring theme here from some posters : "US economy in a crisis, could become a catastrophy- is a lie", 'he's a fearmonger", "let the economy fix itself"...hm,ok...great, let's all just sit back and relax, book some nice trips to Vegas or Europe this summer, and tell Obama to stop worrying and do the same. Peachy!
Foreclosure notices must be the works of some highschoolers trying to get a laugh...naughty pranksters!
Pres. Obama hs spoken very clearly, something has to be or it is going to get worse. There are a lot of people without jobs and there are going to be many more if something is not done.
Why to the repugs criticize so much??? This is the result of the last 8 yrs that we had a Republican administration, so if they (Repugs) do not have solutions to the problem, they should shut up and let Dems do what they have to do. This is all your doing Republicans, so let Dems work it our way. You had 8 yrs and did nothing but create chaos in the US and the world!!!!
God bless Pres. Obama
Obama is the front man with Pelosi and Reid calling the shots. Thge deck is stacked towards bigger govt and moving towards a socialist America. Letting off the USS Cole bomber. What's up with that? Socializing our medical system? I'm sorry but this is not how I was brought up. Shame on you mister president and the rest of your democratic buddies.
CNN should start keeping a running tally of how much money is being spent.
First Bank Bail Out – $700 Billion
This Stimulus Plan – $800 Billion and climbing
Next Bank Bail Out – to be announced tomorrow
How much money are AMERICANS really going to owe?
Those who are praising, not blaming Bush have their heads in the sand and the rest of their body in a vulnerable position! You Can Not simply rewrite history to make yourself comfortable.
Clinton left with a balanced budget & surplus: Bush left with 2 wars, highest deficit, highest unemployment, deep recession, housing and financial crises ...
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." And whose administration didn't do this? BUSH! He was President! The buck should stop there but Bush supporters now "don't recall."
President Obama was meeting with economists, of both political persuasions, even before he was elected. I bet he knows what's going on!
He'd get more done if the GOP would realize that they are only offering failed policies – as usual. Their 8 years are up!
HAHAHAHAHAHAHA! You all are so stupid. Here's your great Messiah. Going to add another trillion to "The deficit I inherited" What a schmuk... along with you all that thought he was going to pay your mortgages and car payments and gas bills. Bush might have messed up a word now and then. This fool can't even put out a full sentence without taking ten minutes. Wow. This is too great. Can't wait to watch him destroy the country. Hello communism.
Would the republican tax greedy hear him?
Republicans need to listen to americans if they hope to ever come back to significance.
Onnly point he made was that he is utterly lacking of knowledge of the issues. He made Bush look like a great thinker on his feet. I cant believe we elected this tomatoe can. He looked like a friggin moron.
This is for "Hey You Idoits".
I have relocated (twice) – I send out an average of 20 – 30 resumes a day to companies all up and down the east coast. I have an MPA and a Masters of Arts. Companies simply aren't hiring. And while my backup plan was always to become a teacher if I could not find work (after being laid off from Microsoft in June), that didn't work out so well because school districts have freezes all across the country.
And if your suggesting that going to college and getting an education shouldn't get you a job then we should stop telling kids to go.
My point is it is hard out there for everyone now – and if someone like me who is having the worst time finding any work (temporary or permanent) then I know how hard it must be for everyone else.
How bout you quit your job – and I'll come work in your position. You idiot.
I pray for Obama and this country. Anyone who has forgotten the past eight years has suffered a severe blackout. Jobs, healthcare, education, decreasing unemployment, protecting this county from terrorists are what I thought most Americans wanted, among other things. I really would like to know what is important to the Republican Party. The answer is what got us into this mess in the first place, greed and self serving.
That was a strong news conference. I thought there would be missteps because this was his first, but he was on point, in control and pretty much sent a message to Congress that they need to put the needs of the people above their own ideological leanings or suffer the consequences.
Congress needs to understand that the American people are watching and people feel empowered to participate in the process like never before. Elected officials who fail to put the people first, will not win seats back to Congress. This will be true of both Republicans and Democrats. Right now the favored Republicans in this country would be Collins, Snow and Spector.
All I have to say is poor Ex-President Bush(GOP) did not do a thing to help us americans, I would rather have someone attempt to help us americans then to sit back relax and give us a bogus handout ie.... Tax stimulus refund president bush. When you go to the Dr.'s office because your sick he doesnt tell you to sleep it off because if he or she doesnt help and you happen to loose your life they are going to be critisized for not doing anything and can possibly be sued for doing nothing.
To Carolyn White: You are an example of exactly what is becoming of the Republican party. 'White' is a suitable last name since you are clearly racist, aside from being a low-information voter.
Tjaylyn is right. Anyone with a grain of business sense knows that you have to spend money to make it.
I'm not thrilled with our country having to take these steps, but we must try it. We cannot keep going downhill they way we've done the past year or two. Bush's 3 trillion dollar illegal war and laissez-faire attitude about deregulation are two of the villains in the creation of this mess, so it's time for Republicans to stop being obstructionists and let the other side give it a go. President Obama is trying – does anyone think he wants to be in this position? He should be enjoying a post-election honeymoon and he's been working tirelessly for this country since before the votes were counted.
From the cheap sets, it looks like Obama is trying to work with everyone. It appears (again from the cheap seats in America), that the republicans have their heads stuck in the sand or other places and they just don't get what the problem is! For many of the republicans in congress, they don't have to worry about buying a loaf of bread, a gallon of gas or turning their furnace on when it is cold. In the cheap seats of America, those are our daily priorities.
Carolyn White, could you please for the sake of Pete explain where your facts come from? I mean, they're funny to read...but you can't be serious! If so, do you believe there are a boogie men under the bed also? & that the world is flat?
Thank goodness for some intelligence coming out of Washington! President Obama is right about a significant stimulus package being rolled out. Ask any good, thoughtful, intelligent economist. Enough of the blah, blah, blah rhetoric that is so infused in American (and Canadian) politics. Kudos to the President who actually CARES about the state of your nation.
And what a joy to listen to a President sound like a President! Makes Bush's tragic press conferences seem like some kind of comedy act!
And what would repubs have us do? Wow... continue the policies that got us here... or do NOTHING! Surprised? NO! And to hear them say that this is a one party plan.... Hel... I mean, heck ya! That is what they did for 8 years! So it is one thing for them... and another for the Dems!
I cannot put too much trust in companies that are going to layoff people just because Obama is in office, thank about. If sounds lame, but thank about it. Why should they lay off this many people in an economy the way it is right now is no reason, look at it, three months of this many people being laid-off. We did not enforce a layoff when Bush was in office. The Powell companies is a example
2. Education, some people are afraid of education, they would get left behind. Now we are facing Japan with a high education in scientific engineering, India are leading us in medical science. Tell me if it's not true.
3. All due respect I cannot even see why some Republican senators don't understand that some of the own people are suffering too. This is what's gone on Louisiana, our love to see, the porno queen go to the Senate and then we can six pack our way to Alaska.
4. We involve the president comments about steroids, we have to take drug tests us at lease wants every three months or a new contract, I do not feel sorry for anyone that does drugs. This is a weakness of America.
5. Attacking banks CEOs home, seen that coming people who are not use the doing without are gone to go through larger economic depressions then someone that are used to not having.
6. Drive the bus.
Oh-PS, the governments that do not want this money, let them do it doubt, I wonder what you would see?
Erika, this is not about the government deficient! This is about the economy and people being out of jobs. No jobs, no taxes to cut. Get it?
Matt, did you expect the President to stand to stand there and smile??? Your comment makes no sense.
What.... some bozo said Obama stammered? Holy Cow... just what did Bush do for 8 years? Consistently stick his foot in his mouth and then bite it off! *LOL*
When all of these so called new government jobs are created the taxpayer will be the one who continues to pay for it in the end. More bloated government is a lose/lose situation for everyone. This truly is Jimmy Carter re-incarnate.
I am very heartened to finally have a president who bases decisions on evidence and analysis, and who demonstrates an understanding of the issues and the ability to communicate. To the extent that some people are determined to find fault in anything a Democratic president supports, even after the last eight years, I guess we just have to find hope in the fact that the American people elected Obama president.