Posted on 03/07/2009 11:52:10 AM PST by topfile
After a week of rough economic news, President Obama on Saturday gave a pep talk to America, using his weekly radio address to tell them he understands their hardships and to tick off the steps he's prodded government to take.
"We will continue to face difficult days in the months ahead," Mr. Obama said. "But I also believe that we will get through this — that if we act swiftly and boldly and responsibly, the United States of America will emerge stronger and more prosperous than it was before."
Mr. Obama also bragged about what he said were the brakes he's applying to spending, saying that within 10 years non-defense discretionary spending will be a smaller part of the economy than any time in nearly half a century.
The Dow Jones Industrial Average dropped 436 points during the week, and the number of jobs lost since the recession began in December 2007 rose to 4.4 million, putting unemployment at more than 8 percent.
The president said he looks beyond those statistics to the people who have lost those jobs, and listed off a series of government actions he's pushed for in his less than two months in office:
• New rules to allow for easier refinancing and to push lenders to lower mortgage payments for those who are facing foreclosure.
• The $787 billion stimulus bill, which he said will meet his goal of creating or saving 3.5 million jobs in two years.
• A health care summit that, the president said, will spur the ideas that will lead to coverage for all Americans.
(Excerpt) Read more at washingtontimes.com ...
I’ve been wanting to comment on this since yesterday and this is as good a place as any. A snippet of his speech was shown on Channel 9 News (Australia), the part where he said that 641,000 jobs had been lost in February and he seemed to be GLOATING about it. He sounded totally smug. I couldn’t believe it. I wanted to put my hand through the television and wipe the smirk off his face.
Boost being slang for steal/rob right?
Cops use the term “boost” as slang for steal. In that context, the term is used in an entirely correct manner.
When will the average voter know it?
Are we ready with a massive push to elect conservatives in 2010?
What is the latest with that MN comedian?
He’s just doing a break check, before accelerating into traffic.
I prefer he talk when the markets aren’t open.
Has he ever given a talk and the markets haven’t dropped by 300?
So then Obama would mean to destroy, to demolish or to ruin/spoil?
As in We've brought a wrecking ball to Obama your house...or
We had to Obama the village to save the village...or
Don't let a little rain Obama your picnic.
That was no pep talk.
Obama’s pretty good at speech making. Too bad that’s all he can do... This is going to be quite entertaining.
“Panic is the fuel for Obama’s brand of change.”
*******
The following thread is a booklet (”The Revolution Was”) written 71 years ago about the New Deal and FDR. Almost EVERY word is coming true again.
http://www.freerepublic.com/focus/f-news/929392/posts
Excerpt:
Having passed this crisis, the New Deal went on from one problem to another, taking them in the proper order, according to revolutionary technic; and if the handling of one was inconsistent with the handling of another, even to the point of nullity, that was blunder in reverse.
The effect was to keep people excited about one thing at a time, and divided, while steadily through all the uproar of outrage and confusion a certain end, held constantly in view, was pursued by main intention.
The end held constantly in view was power.
FUBO!
FUBO!
Pretty stupid headline for the Washington Times. I’m sure Obama’s trying reeeeel hard.
In 1992, the original percentage of loans through Fannie/Freddie mandated to go to low-income folks was boosted to 42%.
In 2000, it was boosted to 50%.
On numerous occasions, George W. Bush attempted to reform it, and was blocked by none other than Barney Frank.
The inevitable happened and the tidal wave of defaults began to crash on the shore in 2007. And now, the very folks who advocated making these loans in the first place are the ones most vocal about investigations for the cause of the current economic and housing crisis. Interesting, that.
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