Posted on 11/24/2008 7:17:11 PM PST by sickoflibs
CHICAGO (Nov. 24) - With the economy in crisis, President-elect Barack Obama urged the new Congress to pass a quick economic stimulus bill, pledged help for the troubled auto industry and blessed the Bush administration's bailout of the financial industry. Even so, he conceded, "The economy is likely to get worse before it gets better," a downbeat forecast, delivered 57 days before he takes the oath of office and as Americans headed into the year-end holiday season. Barring swift action, "most experts now believe that we could lose millions of jobs next year," he said, urging the newly elected Congress to act "right away" on his plans after opening its session on Jan. 6. At a news conference, Obama was critical of the Big Three automakers, saying he was surprised they did not have a better-thought-out plan for their future before asking Congress to approve $25 billion in emergency loans. He said once he sees a plan, he expects "we're going to be able to shape a rescue."
Obama declined to say how large a stimulus package he wants from Congress. Democratic lawmakers speculated over the weekend that the price tag could reach $700 billion over two years as the nation struggles to emerge from a recession compounded by a credit crunch. "It's going to be costly," the president-elect said
Obama's principal theme was urgency. "We do not have a minute to waste," he said, citing the turmoil in the financial markets as well as the deterioration of the broader economy
His call for quick congressional action was welcomed by Senate Majority leader Harry Reid, D-Nev. "With the cooperation of our Republican colleagues, we intend to send a plan to the White House as soon as possible following President-elect Obama's inauguration," Reid said.
(Excerpt) Read more at news.aol.com ...
He wants happy-hope happening when he has to take responsibility. Who wouldn’t?
The Obamamama years will make the 20 percent inflation of Jimmy Carter look like a economic boom.
Printing all that money with nothing to back it up will turn us into a new Zimbabwe. Hyperbole? Maybe a little but not by much.
RE our way into hyperinflation
Thats the sense I get that democrats plan on using current deflation for their 30 year dream list and will worry about politics of inflation later. Although I suspect they will pull the 1993 debt crisis to raise taxes and cut military spending 2010 or 2011, all GBW fault.
Gone With The Win
Yeah, obviously I should have put an “Oh, wait...” at the end of my post. lol
It just ticks me off to no end that this dolt is coming in proclaiming that this is a crisis of epic proportions (worst since the Great Depression, don’tcha know), but never fear, Mighty Rat is here to save the day. When of course, he and his cohorts had a huge part in creating the crisis in the first place.
I guess all I can do is laugh rather than cry.
I'm madder at the people responsible for this than I am at a big nut that fell off the old oak tree.
Like a pinata full of Obama's money...
They need being brought to the yardarm too though.
My comment has been edited, by myself, for unacceptable language. I watched this ShamObama on the t.v. this morning and was absolutely disgusted with him....again.
“Office of the President-Elect” symbol should have read, “Office of the President-Suspect”.
For some reason, it struck me as insipid.
Now that he's about to be POTUS, he really ought to lay off the childish gimmicks.
[ Obama crosses arms on chest, frowns and stamps foot!]
Watch for more of this weenie wonder Demtard slapstick.
Well hop to it George! The One has spoken!
“Unless your house is literally on fire, urgency is not an attribute of the external world—but it feels like it’s real. The psychopathic criminal element, including Obama, Immanuel, and company, knows this and uses it to their advantage.”
I agree—well stated.
Second
First he needs to have his justice dept file charges against Barney Frank and all the other democrats that took bribes and fought tooth and nail to keep this economic crisis brewing for their own enrichment.
Oh thank God - I thought Obama won the election, but that's McCain's agenda. Thanks for waking me up - what a nightmare.
>>His first order of business should be the full investigation, prosecution and dissolution of ACORN, which in large part contributed to this financial mess<<
He can’t ,they put him in office and he helped orchestrate their moves.
What a guy!
I am SURE democrats believe our lives would be better under their control, its the liberal religion. And unfortunately our GWB and others has left things in a state where people are terrified.
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