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Analysis: Obama plans eclipsing New Deal spending
AP on Yahoo ^ | 2/20/09 | Tom Raum - ap

Posted on 02/20/2009 3:32:38 PM PST by NormsRevenge

WASHINGTON – In sheer size, the economic measures announced by President Barack Obama to address "a crisis unlike we've ever known" are remarkable, rivaling and in many cases dwarfing the New Deal programs that Franklin D. Roosevelt famously created to battle the Great Depression.

Winning approval was a political tour-de-force for the new administration.

Yet gloom and uncertainty persist about the plan's ability to deliver a cure for the economy's severe ailments.

Stocks plunged to six-year lows after the burst of bill signings, bailout announcements and presidential pledges.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections; War on Terror
KEYWORDS: analysis; eclipsing; newdeal; obama; pigdeal; porkulus; socialism; spending

1 posted on 02/20/2009 3:32:38 PM PST by NormsRevenge
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Et tu, AP?


2 posted on 02/20/2009 3:33:25 PM PST by NormsRevenge (Semper Fi ... Godspeed.)
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US President Barack Obama listens as Vice President Joe Biden speaks during an address to US mayors. President Barack Obama's job approval rating dipped in his first month in office amid ongoing economic woes and partisan battles over government spending plans, polls published Friday showed. (AFP/Mandel Ngan)


3 posted on 02/20/2009 3:34:39 PM PST by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

Stocks plunged to six-year lows after the burst of bill signings, bailout announcements and presidential pledges.
::::::::::::::
OK, Obama’s agenda is working. Capitalism under siege.


4 posted on 02/20/2009 3:35:24 PM PST by EagleUSA
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U.S. President Barack Obama (L) takes a moment to think before Vice President Joseph Biden (R) introduces him to speak to the U.S. Conference of Mayors in the East Room of the White House in Washington, February 20, 2009. REUTERS/Larry Downing (UNITED STATES)


5 posted on 02/20/2009 3:35:45 PM PST by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

Obama himself is a crisis unlike we’ve ever known.


6 posted on 02/20/2009 3:36:08 PM PST by BenLurkin (Mornie` utulie`. Mornie` alantie`.)
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To: NormsRevenge

Just about everybody with two nickels to rub together knows that most of what 0bama is doing that is not absolutely wrong is being done ineffectively.


7 posted on 02/20/2009 3:37:17 PM PST by Post Toasties (Conservatives allow the guilty to be executed but Lefties insist that the innocent be executed.)
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To: BenLurkin

He is truly an idiot.


8 posted on 02/20/2009 3:37:35 PM PST by DonaldC
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To: BenLurkin

Obama is too stupid to know what he is doing. He is just ideology driven.

And that Ideology is Marxism.


9 posted on 02/20/2009 3:38:55 PM PST by Tarpon (If you don't stand on principle, you stand for nothing at all.)
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To: NormsRevenge
Photobucket
10 posted on 02/20/2009 3:38:57 PM PST by Candor7 (Fascism? All it takes is for good men to say nothing, ( member NRA)
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To: NormsRevenge
Obama is going to spend till there is nothing left, then blame it on Bush, or sun spots or something. It may destroy the country, but he does not care, he will have it made by then. And he never liked America anyway.

Obama Still has not proved his eligibility to be President. This is going beyond criminal, it is getting into traitorous. A lot of Congress critters have dirty hands.

Instead of prison, it is reaching a far more serious level.

Treason.

11 posted on 02/20/2009 3:46:45 PM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: NormsRevenge

He is in a hurry to purchase an even bigger Depression.


12 posted on 02/20/2009 3:53:29 PM PST by Bon mots
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To: American in Israel
a political tour-de-force for the new administration

UH? Absolutely no bipartisan support, but bipartisan opposition. That's a tour-de-force? I guess literally. Lets see how well he fares on the next piece of legislation. Smell the opinion moving in a different directions. I can.

13 posted on 02/20/2009 3:59:34 PM PST by LALALAW (one of the asses whose sick of our "ruling" classes)
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To: NormsRevenge
FDR: New Deal

BHO: Pig DealTM

14 posted on 02/20/2009 4:02:42 PM PST by rfp1234 (Phodopus campbelli: household ruler since July 2007.)
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To: EagleUSA

Why would the stock market keep falling, if investors had confidence in the steps Obama has taken to deal with our economic problems?

The market reflects the collective judgement of millions of investors. I know that not everyone selling is doing so because of what Obama has done. But, it stands to reason that if investors thought that their investments and businesses would do better under Obama’s plans, that the market would have started going up.


15 posted on 02/20/2009 4:04:39 PM PST by Dilbert San Diego
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To: NormsRevenge

0goatse

16 posted on 02/20/2009 6:02:58 PM PST by Chode (American Hedonist - Dear Mr.President, Please make it rain candy!)
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To: NormsRevenge

We went past full eclipse last week.

Now we move to black hole Stargate speed.


17 posted on 02/20/2009 9:31:01 PM PST by combat_boots ("In a time of universal deceit, telling the truth is a revolutionary act."Aldous Huxley)
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To: NormsRevenge
"Yet gloom and uncertainty persist about the plan's ability to deliver a cure for the economy's severe ailments. Stocks plunged to six-year lows after the burst of bill signings, bailout announcements and presidential pledges."

He doesn't understand economics or the financial system. The marsh mouse bill won't save the economy.

18 posted on 02/20/2009 11:29:18 PM PST by HowlinglyMind-BendingAbsurdity
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