Obama: Give economy $50 billion boost

CNN Money ^ | June 9, 2008 | Jeanne Sahadi

[writer33]

NEW YORK (CNNMoney.com) -- On the first day of what is to be a two-week economic tour around the country, Barack Obama said Monday that lawmakers should inject another $50 billion immediately into the sluggish U.S. economy.

The presumptive Democratic presidential nominee cited the largest monthly increase in the unemployment rate in over 20 years, and record highs in oil prices, food prices and foreclosures.

[writer33]

Such relief can't wait until the next president takes office. ... That's why I've called for another round of fiscal stimulus, an immediate $50 billion to help those who've been hit hardest by this economic downturn," Obama told a crowd in Raleigh, N.C.

More welfare anyone.

[Patrick1]

He’s bribing us with our own money again.

[festus]

Less the usual and customary handling fee...........

[Southack]

Do Democrats actually allow the Senate to *do* anything?!

...talk about a do-nothing group of politicians...

[Army Air Corps]

Taking money from my pocket...to give to me. Oy.

[MtnClimber]

We will get our own money back, 25 cents on the dollar after govt takes their cut.

[chaos_5]

Trying to buy our votes with our own money... Pinko-commie rat!

[Clemenza]

“Any government that robs Peter to pay Paul can always count on the support of Paul.” -— William F. Buckley

[KarlInOhio]

Going to the Chinese and Arabs, hat in hand, to beg for some loans to try to bribe us (please don't pay attention to the interest bill you have to pay for the rest of your life and your children's lives too).

If you want to get the economy going take the current tax code, set it on fire and replace it with either a flat tax or the Fair Tax. Then drill for some oil.

[GOP_Raider]

For a minute there I thought this was another one of your satire pieces. Now I think I will cry...:(

[Sprite518]

Oh yeah that would be great for the dollar value. How about a return of the tax money to the tax payers. That might be a good start..

[GOP_Raider]

If you want to get the economy going take the current tax code, set it on fire and replace it with either a flat tax or the Fair Tax. Then drill for some oil.

Not to mention slice and dice about 75% of current government bureaucracies and agencies.

[BossLady]

Here he is...... Willie Obamka and his amazingly-fantastical-magickal world where money grows on trees and gold bars are used as bricks for homes!

((Ok someone with graphics talent needs to paste this up....I swear...it would go around the net like wildfire!))

[theBuckwheat]

Expecting this will actually result in a net improvement in the economy is like expecting to raise the level of your swimming pool by taking water from the shallow end and pouring it in the deep end.

Indeed, the people who suggest that government can “stimulate” the economy by printing more money either know exactly what they are really doing or they are ignorant: printing fiat money that is then “borrowed into circulation”, is in effect counterfeiting private wealth. It is theft on a scale more massive than anything in human history, especially went combined with the progressive income and capital gains tax.

[mysterio]

We could make solving our energy crisis a priority. It is the root cause of the economic slowdown.

[I see my hands]

"those who've been hit hardest by this economic downturn"

Lazy people. Thieves.

[KevinJohnson]

“Obama: Give economy $50 billion boost”

How much more money does Obama want the US government to borrow from the Chinese in the form of selling US Government bonds to them?

[Jeff Head]

Barack Hussein Obama is the apex of the hate-America, domestic enemy in this country. His election as president would be the greatest coup any enemy has ever scored against this country and could easily lead to the worst, horrific disaster in our nation's history.

THE AUDACITY OF TRUTH ABOUT BARACK HUSSEIN OBAMA

[roses of sharon]

The moochers and looters are coming for us.

[Trailerpark Badass]

Taking money from my pocket...to give to me.

What makes you think YOU'RE getting any of it?