February 11th, 2009
06:23 PM ET
5 years ago

Obama praises news of stimulus deal

Obama is praising news of a deal on the stimulus bill.
Obama is praising news of a deal on the stimulus bill.

(CNN) - President Barack Obama on Wednesday praised members of Congress for apparently reaching a deal on a stimulus package.

“I want to thank the Democrats and Republicans in Congress who came together around a hard-fought compromise that will save or create more than 3.5 million jobs and get our economy back on track," he said in an issued statement.

Obama also highlighted comments from Caterpillar's CEO that he would rehire some laid-off workers if the bill passed.

"Just today, the CEO of Caterpillar said that if this American Recovery and Reinvestment Plan is passed, his company would be able to rehire some of the employees they’ve been forced to lay off," he said. "It’s also a plan that will provide immediate tax relief to families and businesses, while investing in priorities like health care, education, energy, and infrastructure that will grow our economy once more."


Filed under: President Obama
soundoff (113 Responses)
  1. Cindy

    Bipartisanship... to reach an agreement.. wow, what a concept!

    Thank you Reps and Senators! And special thanks to you, Mr. President! Let's get this recovery started!

    February 11, 2009 07:09 pm at 7:09 pm |
  2. Bell

    If all of the companies and businesses would offer to pay everyone half of their pay and bring back some of the laid off workers with the other half pay untill the economy gets back to full swing, wouldn't it be better to have half pay instead of no pay? I also think that when the money gets to the states that need it, they should pay the workers less, so they can put more people back to work. Half is much better than nothing.

    February 11, 2009 07:11 pm at 7:11 pm |
  3. henry

    Congratulations Mr. President!! But we'd better check with Michael Steele to see if this qualifies as JOBS!

    February 11, 2009 07:14 pm at 7:14 pm |
  4. Sniffit

    The Professor is in. Obama schooled them all. His original proposal was closer to the end product than either the House's or Senate's was.

    February 11, 2009 07:16 pm at 7:16 pm |
  5. Slider

    Congrats, Dems.

    Hope you enjoy your extra $13 a week tax break.

    At least until next January. Then, it goes down to $8 a week.

    Maybe you could give Obama your names like that undignified woman down in Florida.

    You too, could get a new house.

    February 11, 2009 07:18 pm at 7:18 pm |
  6. DSCGOURMET.COM

    At last, someone who will care!!!

    February 11, 2009 07:20 pm at 7:20 pm |
  7. Cynthia - Arkansas

    I pray that this will save our country. I have been saying for years that we were on the edge of a cliff, I just didn't realize how steep the cliff was. The economy is terrible here. Layoffs everywhere. Hopefully, this will help.

    God bless and keep you President Obama.

    February 11, 2009 07:21 pm at 7:21 pm |
  8. Charles from Atlanta

    Yes. The economy is sick and need stimulus. Republican said it is full of pork, but hey, money has to be spent somewhere to give economy a boost.

    February 11, 2009 07:22 pm at 7:22 pm |
  9. pedeen

    Bravo to the men and women who have made the stimulus deal possible! to borrow Palins words " Americans are hurting" and the economy needs to be stimulated. Those listening to Rush forgets that the fat pig sits on $ 38 million deal that means he will never go hungry! fore- closure is an alien word to him yet he shouts loudest about this deal!

    February 11, 2009 07:22 pm at 7:22 pm |
  10. Rick

    I think there will be a couple of new Senators in a few years, especially the ones who are supporting the bankruptsy of our childrren and grandchildrren. It is a shame that as adults some people cannot see the taxation that is coming because of the Obama smoke. Taxation without representation is coming again and its not the British that bring it because it will spring up amongst us by our own who we thought were protecting us but they are the ones who shall bankrupt this country..........

    February 11, 2009 07:24 pm at 7:24 pm |
  11. Queen Rene'

    Thanks to W. we're up TO our knees in 8 years of dung.

    Hail to our Chief Obama !

    February 11, 2009 07:24 pm at 7:24 pm |
  12. Tracy M.

    Sad Texan: You keep dreaming of an immediate improvement. Like the woman who dreams of waking up one morning 50 pounds lighter. Ain't gonna happen. We didn't get here overnight; we can't get better overnight. But you can keep on dreamin'.

    February 11, 2009 07:25 pm at 7:25 pm |
  13. Louis

    DO THE MATH TAXPAYERS–The stimulus costs $800,000,000,000. If it creates 3.5 million jobs, it will cost $228,000 PER JOB. The hard-working taxpayers of America are once again ripped off.

    February 11, 2009 07:25 pm at 7:25 pm |
  14. Wayne

    I can't believe how so many of those on the right, will not even give this man a chance. We gave Bush a chance and he wasn't even elected. He was given the job by the Supreme Court.

    Good grief.....people....we are all in this together. Let's try and support him and see what he can do. I guess because the stock market is down it's Obama's fault....then why doesn't he get praise when something good happens.

    Totally unbelievable you right-wingers.

    February 11, 2009 07:26 pm at 7:26 pm |
  15. BIBIAN

    I hope to God things work out for the best of the people in need of this help. Those who are constantly talking Obama down for a sake of it you are simply stupid and you will proven wrong.

    February 11, 2009 07:28 pm at 7:28 pm |
  16. Gorbashov - Long Beach, Ca.

    One step forward.....two more to go.

    Next let's address the foreclosure issue then, then move on to common sense regulations of our financial markets!

    WAY TO GO 'O'!

    YES WE DID!!!!

    February 11, 2009 07:29 pm at 7:29 pm |
  17. Once you vote Black

    What ever happened to PUMA?

    February 11, 2009 07:30 pm at 7:30 pm |
  18. Survivor

    My dear Sad Texan – the stock market is back near where it was in November 2008 – before Obama was President – so stimulus or no – it hasn't reacted to what lies ahead yet – the future is uncertain – but by no means is it dead either!

    Congratulations to the Obama Administration – now get the ball rolling and post the goings on with this stimulus on the internet – I'll be watching too.

    I and many millions who voted for you and some of the new Senators and Congressmen are backing you 100% – we hear you!

    February 11, 2009 07:32 pm at 7:32 pm |
  19. Sarty

    No thanks to the moran Repubs.

    February 11, 2009 07:32 pm at 7:32 pm |
  20. jesse

    So will he wait five days before signing the bill so that the public can review it like he pledged to do during the campaign or will he break that promise again?

    February 11, 2009 07:33 pm at 7:33 pm |
  21. usofargentina

    At 6 PM EST, Jesse Jr was giving a sermon to on the floor of the House expressing the importance of getting started on the next (of at least two more) Trillion dollar stimulus packages that will be needed. This first one is just the down payment folks...
    He points out that we now need to really focus on jobs and infustructure. Let's start with 10 major Airports he said, This is what he claims is necessary to create all the new service industry jobs this country will need, since American's are too stupid to learn technology or do manufacturing. We are in big trouble folks.

    February 11, 2009 07:33 pm at 7:33 pm |
  22. Jon in CA

    Obama should just hire Baghdad Bob to do his announcements. Both are equally believable.

    February 11, 2009 07:34 pm at 7:34 pm |
  23. Bajaben

    >Well the stock market certainly isn't praising Obama's 800 billion
    >dollar plan.

    Blaming the stock market drop on the stimulas plan is overblown. The stock market investors are like sheep. If the direction goes one way very strongly, most investors follow suit. With a big enough drop, the market will bounce back because of investors calling their shorts and vice versa. The market has stabilized since the rocky days of Sep-Nov. You're not seeing 700-1000 pt swings up and down on a routine basis. As for me, the more it drops, the better deals to be found.

    February 11, 2009 07:36 pm at 7:36 pm |
  24. mchael james

    please Mr. Presdent get the bank to drop intreast rate.

    February 11, 2009 07:36 pm at 7:36 pm |
  25. Hammer

    If the banking CEO are to be believed tye taxpayer is being scammed big time. According to the CEO'S they did not ask for a bailout the government ask them to take the money.
    Who is telling the truth?

    February 11, 2009 07:37 pm at 7:37 pm |
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