Obama unveils economic stimulus plan

AFP on Yahoo ^ | 1/3/09 | AFP

[NormsRevenge]

WASHINGTON (AFP) – US president-elect Barack Obama Saturday unveiled a broad proposal to boost job growth and the troubled American economy, a top priority for the incoming administration.

"Economists from across the political spectrum agree that if we don't act swiftly and boldly, we could see a much deeper economic downturn that could lead to double digit unemployment and the American Dream slipping further and further out of reach," Obama said in his weekly radio address

"That's why we need an American Recovery and Reinvestment Plan that not only creates jobs in the short-term but spurs economic growth and competitiveness in the long-term."

For several weeks Obama's economic team have been in talks over its recovery plan. The negotiations were almost wrapped up before Christmas, vice-president elect Joe Biden said in an interview.

To revive the world's largest economy, struggling amid global financial turmoil, Obama said "the number one goal" of his plan was to create three million jobs -- 80 percent them in the private sector.

"To put people back to work today and reduce our dependence on foreign oil tomorrow, we will double renewable energy production and renovate public buildings to make them more energy efficient," Obama added.

He also called for "long-term investments," such as infrastructure building, updating the American healthcare system and building "21st century" learning institutions, on top of "direct tax relief to 95 percent of American workers."

"This plan must be designed in a new way -- we can't just fall into the old Washington habit of throwing money at the problem," Obama said, calling for "strategic investments," "vigorous oversight and strict accountability" and "fiscal responsibility."

[NormsRevenge]

"This plan must be designed in a new way -- we can't just fall into the old Washington habit of throwing money at the problem," Obama said, calling for "strategic investments," "vigorous oversight and strict accountability" and "fiscal responsibility."

--

economic stimulus? "strategic investments," "vigorous oversight and strict accountability" and "fiscal responsibility."

Where have we heard that before?

American Recovery and Reinvestment Plan aka ARRP

$775 Billion worth, if the Dems get their way.

[NormsRevenge]

we can’t just fall into the old Washington habit of throwing money at the problem..

—

Coming from a Fabian Socialist, that is rich.

[BGHater]

“Well, I have obviously made a decision to make sure the economy doesn’t collapse. I’ve abandoned free market principles to save the free market system.”

[eclecticEel]

At last! A stimulus package from Washington is going to solve all our problems; cause if there’s one thing Bush hasn’t tried it’s throwing money at the economy.

[idkfa]

...his plan was to create three million jobs -- 80 percent them in the private sector.

Why on earth do we need 600,000 more government employees???

[bray]

Strategic Investments=Centralized Planning

Pray for W, America and Our Troops

[eclecticEel]

Why on earth do we need 600,000 more government employees???

To keep all us proles in line.

[theDentist]

double renewable energy production and renovate public buildings

Sounds like a sure-fire way to solve a HUGE problem... increase battery use and make-work. Why didn't Bush think of that?

[awakened]

I realize this question is rather superficial, given the subject matter, but I’ll try it anyway. How in God’s name (or not) does this man have the nerve to first invent a “president-elect” stamp and then to have a “radio address.” I think in Jewish terms it’s called chutzpah and in street terms it’s just plain balls. But then I’m biased. I can’t stand the guy.

[Colonial Warrior]

[Beagle8U]

"This plan must be designed in a new way -- we can't just fall into the old Washington habit of throwing money at the problem," Obama said, calling for "strategicchildish investments," "vigorousVapid oversight and strictZero accountability" and "fiscal responsibilityStupidity."

[savedbygrace]

Obama unveils economic stimulus plan

Who is he pretending to be now, Vanna White?

[KitJ]

“Weekly radio address”?
“new economic plan”?

I thought he said there was only one president at a time...
(when asked about Gaza...)

Chutzpah? No. Arrogance.

[randomwalk]

exactly what my little math bullshit detector (MBD) said as soon as I saw 3 million jobs next to 80% in the private sector. Amazing how that little chip works....

[hamburglar]

Sadly, America died on Nov 5 2008. All that remains is her burial,unless the jackals eat her bones first.

[hamburglar]

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[Argus]

double renewable energy production = Welfare for T. Boone Pickens

[hamburglar]

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[SteamShovel]

we can’t just fall into the old Washington habit of throwing money at the problem..

And then he says we are going to do just that.

[hamburglar]

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