Washington (CNN) - President Barack Obama called Wednesday for Republicans to work with his administration and Democrats in Congress on winding down the federal economic bailout program and creating jobs.
In a brief White House statement after meeting with congressional leaders from both parties, Obama said changing economic conditions since he took office called for new efforts to stimulate job growth.
Acknowledging "less than full bipartisan support" for his stimulus package and other steps "that have broken the free-fall of our economy," Obama said he hoped "we can move forward together."
One step would be ending the Troubled Asset Relief Program (TARP) from the previous administration that bailed out U.S. banks and automakers in danger of collapsing in the recession, Obama said.
"This program has served its original purpose and the cost has been lower than expected," the president said, adding that the savings would help pay down the federal deficit and invest in job creation.
Obama said he would work with congressional leaders from both parties on "how we can structure a plausible scenario to get to medium- and long-term debt reduction," saying such issues were neither Republican nor Democratic.
"I'm absolutely committed to working with anybody who is willing to do the job to make sure we can rebuild our economy," Obama said.
Sen. Mitch McConnell of Kentucky, the top Republican in the Senate, attended the meeting with Obama but signaled continued GOP resistance to the president's agenda, especially sweeping proposals such as health care reform and cap-and-trade energy legislation.
"We're willing to talk about some kind of job-creating measure, but the best thing we could do to get this economy rolling again would be to stop these measures from becoming law," McConnell said.
Such GOP intransigence sometimes bothers Obama, White House Press Secretary Robert Gibbs told his daily news briefing.
"Has the president been frustrated about this? Absolutely," Gibbs said, citing a lack of Republican support for the stimulus package and other steps that helped prevent "another Great Depression."
Now, Gibbs said, Obama was proposing job creation measures previously advocated by Republicans, such as increased investment in infrastructure development, cutting taxes for small businesses and helping them get access to capital.
"But, again, if the president outlines ideas that the Republicans have previously supported, and then Republicans seem unwilling to support the ideas they (previously) supported ..., you can leave it up to others to judge why it is they don't want to participate in a solution that we all agree and we've said in the past would put people back to work," Gibbs said.
"Has the president been frustrated about this? Absolutely,"
Why? He got to spend his $787 billion. They tried to tell him it wouldn't work, but he did it anyway. It failed. Now they want to spend more....as if that'll do the trick.
Let's face it, libs had their chance and they blew it. They exposed themselves for what they are....Failures.
Dennis Miller nailed the worm on the head, Nancy Pelosi could lose a game of tic tac toe to a grub worm! Ultra wealthy elitists that have accomplished NOTHING in their careers except spend other peoples monies are what now comprises 85% of our House, Senate and Whitehouse. Their idea of creating a job is to quit outsourcing government contracts and create a government job for someone. I cannot wait for 2010 and 2012 for America to rid ourselves of these self serving meglomaniacs! Of course America will want investigative hearings on their earnings, investments and networks of "campaign contributors." I think China has it right, if determined corrupt then it is off with their heads!
OsamaObanana couldnt create a job if his job required it. OsamaObanana is the worst president in history and will be remembered as the president that sold America and made a deal with terroists and traitors to destroy America along with Reid and Pelosi the nazi. Soon time will be for all to be voted out and replaced by those who can be trusted and they wont be Obama's, Pelosis or Reids, they will be true Americans that know how to do their jobs and listen to tje people who elected them.
It's time for the GOP to join in helping solve America's problems instead of standing on the sidelines taking cheap political shots!
Stop it with the "I'm seeing road work done all the time" comments. If that is what you call impressive and the job of Congress, my goodness are your standards low.
WE create jobs. The government's role is to make sure we are safe and that the infrastructure is in place.
Yeah like the repos will listen and work with him. Bunch of right wingnuts only know how to say no and complaine. They and their crazy base should go live in Alaska with the bimbo and let the rest of us try and work on the things that help this country. I see they are getting a group togeather now to oppose the president on climate control. Aside from opposing everything what have they done in the last year to fix anything>
"Such GOP intransigence sometimes bothers Obama, White House Press Secretary Robert Gibbs told his daily news briefing."
Then do it yourself if you don't want to listen. Obama is the one who said "we won". Great...you won. Now let's see how it's done.
$787 billion and 10% unemployment later, we see how it's done.
So Obama says he is winding down TARP (so he, alog with Pelosi and Reid, can spend the money as they see fit) and Timothy Geithner, not even an hour later, says TARP will be extended another 10 months... and then these clowns wonder why we don't trust them to take over anotrher 17% of the economy... idiots.
As a moderate, republicans frustrate me. Why can't they work for the betterment of the country? You can't scream "Where are the jobs?" to Obama and step on every job solution he attempts to enact. They would win former republicans like me if they would stop the distorting what is really happening. Shoot it straight. That's the only way to win in 2010. And get rid of Michael Steele, he's an absolute JOKE! As an African-American I find him to be ridiculously embarrassing.
Stop lying republicans and you'll win!
Has everyone forgot the 787 billion "stimulus" was going to create jobs and keep unemployment below 8%? I mean, come on folks, this was passed in the middle of the night without being read by even ONE congressional member, because Obama said we needed it in this "crisis". Well, the economic stupidity of this sham that the radical liberals on CNN call President, is now out in the open for everyone to see. Obama is using the same failed economic policies that created this mess, remember Fannie and Freddie that the Democrats gave us and just said NO every time Bush suggested stricter regulations and a new SEC chairman? How did that work out for you liberal hatefilled Obama supporters?
Sorry to be the one to tell you this Mister President but I think one of the LAST things the Republicans want is for you to create jobs,,,which would show the economy may be turning around and you just might be doing something right. They can only run on 2010 in hopes that the jobmarket is still in a rut, that the economy is still down and other negative things since they have no plans of their own to help turn things around.
You can stop reaching across the isle. The GOstoPo won't participate in anything good for the people, only whats good for their pockets and the rich. You have done a fantastic job so far keeping your promises and have accomplished so much in so short a time. Ending the war in Iraq and getting our troops out on a time line. Making a time line visible in Afgan. Stopping the free fall of the economy. pushing a healthcare plan that has been avoided for 40 plus years because it was too difficult, Actually getting a profit from and using only half of the stimulus, and most importantly getting back our respect from the rest of the world. Exellent job sir. If you decide on another stimulus, I suggest cutting a check for all tax payers that make under 150,000 a year. That way we can pay our motgages and feed our families due to the loss of jobs created by Republicans being paid off by the rich to allow them to import their goods at a fraction of the tax and cost from slave labor in third world countries. I'd raise taxes on imports if I were you to balance out the the vacume created by the greed of wall street.
Thank you for your time.
Please lets all work together it's Christmas!! All you Right wingers come together and make the Republican party one to be proud of again quit being obstructionists.
That would be a great idea if we had people willing to work for their money and not wait for the Governmant to keep handing it out.
All f you right wingers calling the dems socialist (you obviously don't really know what it means), is the reason that the GOP won't even come to the table.
Mr President forget about bipartisanship the Republican are hell bent to destroy your Government by any means necessary!. Just take for instance last month their main line was "small business". Now you want to help the small businesses they are not for it. Please remember, the so called conservatists always creates artificial alliance between traditional social authorities and the business class however, the market continually undermines the institutions of cultural domination. It does this partially through its constant revolutionizing of institutions generally and partly by encouraging a culture of entrepreneurial initiative as a result, the alliance must be continually reinvented, all the while pretending that its reinventions simply reinstate an eternal order!!
Hey novel idea – use it to pay down the deficit!
Why should they believe him now? He has never truly and honestly worked for bipartisanship on any bill yet. He has let Harry Reid and Nancy Pelosi write every bill and shove down the throats of the Republicans. You liberals like to complain about having to clean up the mess of the last 8 years. I can't imagine how long it will take to clean up after these jokers or if any one will have a job left to pay for it.
Two of the biggst loosers in the country...I am from Nevada, and we will take care of Reid, in 2010..he is the biggest crook to ever come from Nevada.. These two need to be thrown under the bus.
Does the Republican Party actually believe that it's acceptable to SEND TEN BILLION TO IRAQ . . . EVERY MONTH?
Then you want to QUESTION, HEALTHCARE FOR ALL AMERICAN'S ?????
These two idiots need to be removed at the next elections.
When Obama keeps bashing the Republicans for "getting us into this mess" and for a "lack of bi-partisanship", does he seriously expect them to turn the other check and shout "Yes, sir!". Seems to me he is doing every thing he can to prevent bi-partisanship so he has an scapegoat to rail against.
Why start now? You've done a fine job screwing up our country on your own.
Bipartisan? and you're picturing the Harry and Nancy cartoon show?
Cheney's right, Obama's antics have dramatically changed his shallow power play...and he can create all the gov't jobs he wants...and when taxes dry up to fund those temp jobs...and those plebes are let go...the whirlpool of despair created by the liberals will get bigger....Obama knows nothing a bout working or a job, because everything's been handed to him...
More democrat double talk.