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 ...
Stuff it with the cooperation. The Dems control Congress, they don't need our cooperation. They only want us to share ownership of this mess. The Republicans should have none of it. Don't obstruct these proposals, but don't support them either.
Maybe they should just vote PRESENT.
“Maybe they should just vote PRESENT.”
You beat me to it.
Evil.
The happy/hope talk is gone. He needs a crisis in order to scare people into giving up their treasures and liberties.
Obama’s campaign was to repeat hope..hope...hope...
But Rahm’s plan as he recently stated is to milk every “crisis” that he can warp to his agenda.
We’re going to see health crises, gun crises, internet crises, talk radio crises...
His first order of business should be the full investigation, prosecution and dissolution of ACORN, which in large part contributed to this financial mess.
Once the details start coming out about what 0bama REALLY wants, the markets will resume their slide. What is it now? Trillions of dollars in spending and “stimulus” packages without the means to pay for any of it.
Huh-huh....if the Big-O is going to rely on "experts" his whole term then he's in for some embarrassing disappointments.
Any bets on how long it takes the greenhorn to crack under pressure?
Amazing, this guy wins the presidency with no accomplishments. no valid birth certificate, a roster of very shady friends and now he turns up empty on any idea how to solve the economic problem. Surprise! Surprise!
Obama’s campaign was to repeat hope..hope...hope...
But Rahm’s plan as he recently stated is to milk every “crisis” that he can warp to his agenda.
We’re going to see health crises, gun crises, internet crises, talk radio crises...
LOL
RE “talk radio crises...”
We need more diversity on talk radio, but NOT TV or cable.
You should first remember that it is Americans that will be hurt and take a fall if his plan fails. I for one wish him to get quick results, as unlikely as that may be.
Sounds suspiciously like Henry Paulson and every other con-game hustler in the history of the world. "Urgency" is a state of stress in the mind of the individual disposing him to poor judgment and impulsive action. When people feel urgency they tend to be easily led. 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.
They need to not cooperate at all.
Obama wants action right when the new congress starts on Jan 6th, but Reid wants to wait until The One is anointed on Jan 20.
Obama wants it before his incarceration so he can blame the results on Bush.
And when it fails, Reid and his lying cheating stealing cohorts can blame it on Obama.
The R's need to sit this one out and let the Dems do their agenda.
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.
Then ACORN.
LOL, we're dreamin' ain't we?
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