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February 6, 2009

Economic Stimulus Plan – President Obama Is Fired Up and Ready To…!

President Barack Obama is fired up!!!  On Thursday he said that “the scale and the scope” of his economic plan is right, turning up the heat on critics he said were hawking “phony arguments” and “false theories of the past” to chip away at the bill’s programs.

“Don’t come to the table with the same tired arguments and worn ideas that helped to create this crisis,” the president said at the House Democrats’ annual retreat in Williamsburg.

“We’re not going to get relief by turning back to the very same policies that, for the last eight years, doubled the national debt and threw our economy into a tailspin,” he said. “We can’t embrace the losing formula that says only tax cuts will work for every problem we face, that ignores critical challenges like our addiction to foreign oil, or the soaring cost of health care, or failing schools and crumbling bridges and roads and levees.”

“I don’t care whether you’re driving a hybrid or an SUV — if you’re headed for a cliff, you’ve got to change direction.”

President Obama said he valued “the constructive criticism and healthy debate that’s taking place around this package,” but added that speedy passage of the bill was essential.

“We’re not moving quickly because we’re trying to jam something down people’s throats,” he said. “We’re moving quickly because if we don’t, the economy’s going to keep getting worse.”

Obama rejected calls for more tax cuts and significant slashing of the bill’s more than $800 billion price tag, and said complaints the package was a spending bill rather than a stimulus bill were off base.

“What do you think a stimulus bill is?” he said. “That’s the point.”

To critics who argue that the government shouldn’t be spending billions with a large and growing deficit, Obama said, “I found this national debt doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office.”

The American people called for change in November, he said, “and that’s what we’re going to deliver.”

“They did not send us here to get bogged down with the same old delay, the same old distractions, the same talking points, the same cable chatter,” he said. “They did not vote for the false theories of the past, and they didn’t vote for phony arguments and petty politics, and they did not vote for the status quo.”

Obama told his fellow Democrats that they have “the capacity to do great things” on behalf of the American people, “but we are going to have to do it by not thinking about ourselves.”

“It starts with this economic recovery plan, and soon, we will take on big issues like addressing the foreclosure problem, passing a budget, tackling our fiscal problems, fixing our financial regulation and securing our country.”

“If we do not move swiftly to sign [the act] into law, an economy that is already in crisis will be faced with catastrophe,” he said. “This is not my assessment. This is not Nancy Pelosi’s assessment. This is the assessment of the best economists in the country. This is the assessment of some of the former advisers of some of the same folks who are making these criticisms right now.”

“This is not a game,” he said. “This is not a contest for who’s in power and who’s up and who’s down.”

“It’s time to set aside the gamesmanship in this town and get something done.”

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7 Comments »

  1. […] breakingnewsworld wrote an interesting post today onHere’s a quick excerpt President Barack Obama is fired up!!!  On Thursday he said that “the scale and the scope” of his economic plan is right, turning up the heat on critics he said were hawking “phony arguments” and “false theories of the past” to chip away at the bill’s programs. “Don’t come to the table with the same tired arguments and worn ideas that helped to create this crisis,” the president said at the House Democrats’ annual retreat in Williamsburg. “We’re not going to get relief by turning back to the very same policies that, for the last eight years, doubled the national debt and threw our economy into a tailspin,” he said. “We can’t embrace the losing formula that says only tax cuts will work for every problem we face, that ignores critical challenges like our addiction to foreign oil, or the soaring cost of health care, or failing schools and crumbling bridges and […] […]

    Pingback by » Economic Stimulus Plan - President Obama Is Fired Up and Ready To…! — February 6, 2009 @ 5:41 pm | Reply

  2. I’m not a supporter of the current stimulus bill. Because of the president? Absolutely not … I think he wants strong bipartisan solutions.

    Not sure who to blame in Congress: the Democratic bullies or the GOP obstructionists. They seem to spend too much time arguing about which proposal is least pathetic as opposed to a worthwhile one.

    The president still has the majority of the public in his corner … meanwhile, Congress has very little public support … although I don’t believe this will happen, I hope President Obama vetos the bill thus tosses it back to the Capitol Hill nimrods.

    Oh well … I guess both sides have put me in a foul mood.

    Comment by afrankangle — February 9, 2009 @ 10:14 am | Reply

    • afrankangle – the process STINKS to get a bill passed. It seesm like a silly process. Both Houses write their own bill and fight to pass it in their own respective house. And then they fight about combining 2 bills into one? Ridiculous. The process has to change.

      Comment by Paulette — February 9, 2009 @ 10:55 am | Reply

  3. Paulette: Well … I’ll go with the process of fine, but the its implementation is questionable.

    Meanwhile, let the politicians continue to use the politics of fear as a cover for their own ineptness.

    Comment by afrankangle — February 9, 2009 @ 11:56 am | Reply

  4. I find it curious that as Obama criticizes the ridiculous spending and deficits of the last eight years and says we can’t do more of the same he lays out a plan to do exactly that.
    Even more amusing was your quote, “”Obama told his fellow Democrats that they have “the capacity to do great things” on behalf of the American people, “but we are going to have to do it by not thinking about ourselves.””” This is like asking a zebra to shed his stripes.

    The simple fact is that both bills in both houses have only a tiny percentage of real economic help and large amounts of government handouts to special interests and takeovers of personal liberty. It is just one more step on the road to the supreme nanny state. Both parties are guilty on this count, but at least one of them is keeping the appearance of fiscal responsibility. Still, a pox on all their houses.

    von Rum

    Comment by vonrum — February 10, 2009 @ 10:09 am | Reply

    • von Rum – what do you suggest that President Obama do?

      Comment by Paulette — February 10, 2009 @ 11:21 am | Reply

  5. Paulette, Pardon my tardiness in responding but duty called.

    As to what I suggest Obama do here a few modest suggestions. First abandon immediately this insane bill created in the Congress. If he is as astute a politician as I think he is he will remove himself from the vainglorious and vengeful leftists under Pelosi and Reid immediately. If he seeks to make real change with his name on it he must initiate the legislation, not leave it to hacks who have electoral dues to pay to regional special interests.

    Second he must vow to veto any bill sent to him by congress which contains extraneous spending on items not clearly seen to create jobs now and stimulate spending now. Horrid as the idea may be, our economy is based on consumer spending not government spending. There is no way around this. So far Obama has shown no leadership at all on this, he has let that fall to the Democratic leaders in the House.

    Third after eliminating all extra spending, which is most of the current bills, he must demand legislation allowing the Justice Department to go after all fraud cases such as Madoff much more harshly. Next he should demand a halt to the government sponsored push to give risky mortgages permanently.

    After that a severe house cleaning at the SEC should be in order as well as a substantial increase in their budget. This will allow better oversight in an area that needs it desperately as well as a confidence boost.

    This last is essential. Obama has adopted a this or nothing approach. He says we must have this bill or it may be too late which is pure garbage. It not only is false but undermines confidence in the US economy which he himself said is a primary problem. As long as he is doomsayer in chief we are in for a long haul for sure.

    Third any stimulus bill then passed must be targeted, timely and temporary as Obama’s own main economic adviser Larry Summers said. That advice is as far from the reality of the current bills as possible. These are but a few starting points but I think important ones. You asked what I think Obama should do, I say almost anything but what he is doing now. Doing nothing is preferable to this.

    von Rum

    Comment by vonrum — February 11, 2009 @ 12:12 am | Reply


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