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Obama warns of dire consequences without stimulus
- Text size
JENNIFER LOVEN
Associated Press
January 8, 2009
FAIRFAX, Va. (AP) – President-elect Barack Obama warned of dire and long-lasting consequences if Congress doesn’t pump unprecedented dollars into the national economy, making an urgent pitch Thursday for his mammoth spending proposal in his first speech since the election.
- A d v e r t i s e m e n t
“In short, a bad situation could become dramatically worse” if Washington doesn’t go far enough to address the spreading crisis, the Democrat said as fresh economic reports showed an outlook growing increasingly grim.
Since his November election, Obama has deferred to President George W. Bush on foreign policy matters such as the Middle East. But, with the worsening of the economic situation, Obama has waded deeply into domestic issues as he works to generate support for his plan to create jobs and jolt the economy into recovery.
In the speech at George Mason University outside Washington, Obama asked Congress to work with him “day and night, on weekends if necessary” to pass a revival plan within the next few weeks so that it can be ready for his signature shortly after he takes office on Jan. 20.
As Obama spoke, his economic advisers were on Capitol Hill to brief Democratic lawmakers on details of his economic plan. Senate Finance Committee members met privately to assess his proposals. The Senate Democratic caucus planned a late afternoon meeting, followed by a news conference by Majority Leader Harry Reid and other caucus leaders.
The president-elect cast blame on “an era of profound irresponsibility that stretched from corporate boardrooms to the halls of power in Washington.” But he added, “The very fact that this crisis is largely of our own making means that it is not beyond our ability to solve.”
“I don’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon as possible,” he said.
Obama laid out goals of doubling the production of alternative energy over three years, updating most federal buildings to improve energy efficiency, making medical records electronic, expanding broadband networks and updating schools and universities.
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January 8th, 2009 at 2:23 pm
make more money and give it away. hmm.
January 8th, 2009 at 2:28 pm
I need to move out of the country, I please only ask any of you guys which Latin american country is on your top 10 list of best places to move.
I thank you in advanced.
January 8th, 2009 at 2:37 pm
#2 – I always thought of southern Chile might be far away enough.
January 8th, 2009 at 4:02 pm
# 2 go to hati DR is next door get in to black magic!!!!!!
January 8th, 2009 at 4:22 pm
Sounds like Barky is firing up the old printing press…. again.
January 8th, 2009 at 4:50 pm
My dear freinds, American’s, you have been had, even though the signs were always there to be able to stand up and make the right decisions. Many important people in our past history were laughed at and even killed because of the truth and much of the technology that is now very much a part of our lives had been ridiculed at some point in time. Learn to listen to those who are warning you of dire consequences and stop taking your life for granted and laughing at those intelligent good people while siding with the intelligent bad people, better known as your leaders, especially when the United States is quickly being reduced to half of what it once was right before your eyes and ears. Obama will do nothing to change what you really desire as change. The changes will go to benefit those they were meant for. Overall it is still change and change is what he promised. Prepare for the worse.
January 8th, 2009 at 4:59 pm
obaaaama should know what its like to live in a 3rd world country, he was born in one. His oath to uphold the constitition is a violation of the constitution. wtf
January 8th, 2009 at 5:07 pm
Yeah, a debt laden economy needs…wait for it…almost there…A TRILLION MORE UNFUNDABLE DEBT!
The People are sooo stupid, we were given the gift of Sovereignty and we blew it.
Humans are really a poor excuse for a race, no wonder Lucifer did not want us to be gods, maybe he was right…
January 8th, 2009 at 5:41 pm
Money or no money it’s gonna get dire.
#2—I hear belize is cool.
January 8th, 2009 at 5:42 pm
I made an observation.
The other day my friend and I had a discussion on how we found out about infowars dot com. He said he saw “INFOWARS.COM” ON his $ PAPER MONEY written on both sides. The letters were written on the edges (the empty spaces) as to not deface the paper money, yet prominent enough to get the person to check it out. Incidentally I found out about this site by “INFOWARS.COM” ON my £ PAPER MONEY!
Probably the forefathers would DO THIS in our situation to wake people up (as well as GET OTHERS to WRITE “INFOWARS.COM” ON PAPER MONEY too). As I said, it’s just an observation; I am not saying I AM DOING THIS nor am I saying YOU SHOULD DO THIS.
January 8th, 2009 at 5:47 pm
Over 2.4 million locked in jails and prisons in the U.S.
2.5 million losing there jobs in 2008.
4.6 million on unemployment benefits.
Essentially, the statement being made is when are you going to become jobless, or locked up by these fascist 4th reich pigs. I urge any and every one to look up the (e-guardian) program implemented this year by the F.B.I. . This IT technology merges data on potential, and suspicious individuals with local and state officials in real time. It is a speculation on what may happen if you, or any one is quote a ’suspicous individual’. If you are labeled a threat, or inconclusive; your name will stay in the database for five years. Orwell, and Huxley would be proud.
January 8th, 2009 at 6:00 pm
My apologies in advance to all those microcepahlic people who read this reply blog.
ANYONE WITH 1/3 OF A BRAIN CAN FIGURE OUT THAT IF YOU GIVE MONEY TO THESE PEOPLE AND DON’T PROHIBIT THE ACTIONS THAT GOT US INTO THIS MESS IN THE FIRST PLACE, THEY WILL GO RIGHT BACK OUT THERE AND COME UP WITH ANOTHER PERMUTATION OF THE DERIVATIVES GAME. SURE, everybody wants some cash, SO THE BANKSTERS WILL, BY NATURE BE LOOKING TO MAKE THE GAME BETTER FOR THEMSELVES AND THE MAJOR PLAYERS AND YELPING BLOODY HELL FOR THE RIFF-RAFF.
January 8th, 2009 at 6:14 pm
jobless with few liberties, fed crap by the t.v. and radio, random killings by the police, war abroad, no economic growth because no industry, intolerable utterances by political leadership, (intolerable leaders), pretty soon you will BEG FOR TOTAL CONTROL.
January 8th, 2009 at 6:44 pm
I made an observation.
The other day my friend and I had a discussion on how we found out about infowars dot com. He said he saw “INFOWARS.COM” ON his $ PAPER MONEY written on both sides. The letters were written on the edges (the empty spaces) as to not deface the paper money, yet prominent enough to get the person to check it out. Incidentally I found out about this site by “INFOWARS.COM” ON my £ PAPER MONEY!
Probably the forefathers would DO THIS in our situation to wake people up (as well as GET OTHERS to WRITE “INFOWARS.COM” ON PAPER MONEY too). As I said, it’s just an observation; I am not saying I AM DOING THIS nor am I saying YOU SHOULD DO THIS.
January 8th, 2009 at 7:02 pm
Are you awake yet?
January 8th, 2009 at 7:54 pm
Dire consequences! More threats to get their hands on even more money under the guise again of ‘helping the nation’.
If this NWO puppet really wanted to help the nation he would tell the TRUTH! Period! Regardless of what consequences that revelation would bring him personally. Taking into consideration the overwhelming fascination with Obama held by a large majority of hope-filled-sheople in this country and around the world, he truly could ‘change’ the very course of history, if he had the testicular fortitude to tell the TRUTH (not likely). After all Christ (and I’m not espousing religion, only wisdom in my observation) said ‘TRUTH’ shall set us free. Not HOPE. Not RELIGION. Not PRAYERS. Not GUNS. VIOLENCE. HATE, LOVE or even GOD, but TRUTH. Of all the words Christ could have used, he chose this one. Think about it. Is this the reason most people reject truth (besides the mind-conditioning)?
I find there are two types of people in this world: The Hopeful and Truth seekers. There is a world of difference between the two. Hopeful people are not necessarily open to the truth. In fact, if they hear a truth that threatens their hope, they either reject or deny the truth.
However, truth-seekers have no reason to defend their positions, because truth speaks for itself. You either accept it or reject it and then work it.
That is why politicians (99.9%) speak to our hopes. They avoid truth because they do not intend to ‘free’ us. It is why Obama is the epitome of hope and therefore the harbinger of furthering the coming slavery. IF WE ALLOW IT.
The hell with hope. Give me TRUTH and hope will be a living entity in every activity of our lives, instead of the ever fleeting smoke spoken out of the mouths of liars.
January 8th, 2009 at 7:57 pm
Good idea, imalegend. Might as well put that worthless toilet paper to better use. Use the Feds weapon against us against them.
January 8th, 2009 at 8:08 pm
it appears this economy is in a bit of a mess right now. unemployment
is up and will continue its’ upward spiral. americans aren’t spending.
because of this americans are losing jobs.
the government is wishing to stimulate the economy by bailing out
wall street and the banks, those who got us into this mess to begin
with.
it seems the government has more faith in the failed institutions
that created this chaos than in the american people themselves.
the federal government is handing out hordes of money to keep these
institutions afloat, which in turn is failing because those
institutions are refusing to “lend” us our own money back. they are
hoarding it. how is this helping?
and at an initial cost of 700 billion $$$. in essence the fed is
giving over mass amounts of money to companies that produce no real
values.
now consider this: the world economy is built upon people spending
money. PERIOD! americans love to spend money. right now americans
don’t have any money.
when the receivers of that huge sum of cash go to cash in, stamp the
checks with “INSUFFICIENT FUNDS”.
the american people have been promised that they will reap the
rewards of this bailout. if the rewards are an economic crash and high
unemployment, we’ll pass.
the government likes to spend money as well, due to this bailout
there will be less of it for them to spend, our taxes are going
towards paying for this bailout instead of towards what is needed to
keep this country in working order, and you cannot expect to raise
taxes on americans who aren’t working.
do some math for a minute, 300 million americans in this country
(est) lets say 1/2 are working class adults with families, etc. if the
federal government had given each of those 150 million americans 2
million $$ each, this economy would be booming and at a price far less
(300 million) than the current bailout (700 billion+).
like i said , americans would spend money, whether it be starting a
business, investing, purchasing goods and services or whatever. if
nothing else they would have to put it in a bank and would that not
have a stimulating effect on those banks? in the meanwhile, the
government at all levels would get more tax money from any of the
above.
make sense? sure it does.
in the meantime strict regulations need be passed upon the entities
who got us into this mess to begin with, so that this never happens
again.
now you may think people with all this money would go a little crazy
with it, quit their jobs, spend it on bulls---, i don’t know but i’ll
bet you can think of a whole host of things americans might do wrong
with that much money, BUT, those people would weed themselves out and
make room for others who would become value producers.
with 1/2 the population receiving that money it would by itself
create jobs and thus stimulate the economy, because as i said,
americans like to spend money.
feel free to copy and send any portion of this to your state reps
January 8th, 2009 at 8:12 pm
Isn’t paying off a credit card with another credit card illegal? Why does the government get to do it?
January 8th, 2009 at 8:33 pm
Deadsoon it’s not illegal. It’s a stupid thing to do however, the banks dont care as long as its paidback
January 8th, 2009 at 8:38 pm
just to clarify a previous post, 150mil x 2mil doesnt equal 300million lol
January 8th, 2009 at 8:54 pm
More scare tactics in my opinion.
If everyone does not send me 5.00 now, the Neocons could institute martial law and take away your guns.
I thought that amount to threats of extortion. A criminal offense.
Now it has become a tool used by the politicians to scare us because we just can’t handle reality.
I listen to Ron Paul when he says this could be the nail in the coffin.
Senators are acting like they want to evaluate this package before committing.
This is part of the same game they are doing with Burris.
It is all about power play and wanting you to believe they are in control.
Burris was a good choice and they know it. But the approval needs to come from them and not someone they are trying to discredit.
Same with the bailout money and now stimulus package.
They want you to think they are in control. They have no intentions of stopping it.
They just want you to believe that, then when they approve of it, you should too because it was approved by them and they never do wrong.
So many of them pretend like they are shocked at how the TARP money was spent.
Yet, they profited from it by adding more pork for their districts.
Obama is going to do much worse than Bush ever did. By the time next elections come around. You will be begging Jeb Bush to screw you again.
Obama is practicing the same policies and their new tactics of scaremongering.
January 8th, 2009 at 8:57 pm
hey your right, damn public education system. good catch #21, anyway here’s the list of bad guys from 2008.
http://illegalprotest.com/2008.....s-exposed/
January 8th, 2009 at 9:13 pm
Well I’m surprized Obama didn’t threat’in a police state like they did last time. True the crisis the fed started . So Pres.Obama where in the world or other worlds are you getting the money for all this saving the U.S.A. you plan on doing? I do . The fedral reserve! Pres. Obama please shut down the fedral reserve. After you do that watch how much of the national debt disappears ! Like magic!
The other portions of the debt will be in foregin markets and the other to our selves ! No interest!
WOW! This would put the the illegal income tax out of service. The people would have more of their there own money . No stimluis pak required ! Good chunk of debt gone! Hell the dollar just might retain value longer than a week with this idea. If you need advice ,have the C.I.A. escort you to congress and find the office of a guy by the name of Ron Paul. Nice guy . Ask him for some tips about America’s money and inflation’s , He might know something useful. So please don’t be like the last guy who ran up this massive debt in browworing from the fed.
January 8th, 2009 at 10:48 pm
Jeezuz…. they are robbing us blind! Send Americans a large check in the mail. We will then not let our homes go into forclosure, we will spend the money which in turn will benefit businesses, which will keep us employed to spend more money and pay our taxes.
Oh I almost forgot… IT’S OUR F*CKING MONEY, GIVE IT BACK TO US!!
http://propagandawerks.blogspot.com
January 9th, 2009 at 12:53 am
this crisis is largely of our OWN making????????…………… rriiigggghhhhhhhhttttt ….
easy Barry Soetoro…… eaaasssyyyyy !!
January 9th, 2009 at 3:10 am
Don’t be so negative folks. Let’s wait and see what happens with Obama. If he keeps his word then we are going to be OK. But if he let’s us down, we will be in it up to our knees.
January 9th, 2009 at 10:47 am
Dude, he can’t fix this.
He’s trying to pry a grenade open with a knife before it takes his hand off.
He just doesn’t want one of us to try to assassinate him or not vote for him the second time.
In truth though, there just isn’t a way to fix the economy without chucking the government out of it: http://mediacondom.com/?p=496
January 9th, 2009 at 12:15 pm
Do the math there are about 200 million people 18 to 65 at $35.000 each is about $750billion now if all these working people got a stimulis like this ,just think all the houses (and pmts. ) autos that would be bought and the credit cards paid off /home improvments and so NOW THATs A PLAN that would work??????
January 9th, 2009 at 12:49 pm
Obama is a puppet like the ones before him you only have to look at the people he has put into his government all working for the NWO but still people will say give him a chance we in the uk have gordon nwo brown,who the f--- elected him as prime minister ,they are all speaking the same language they will continue to pump money into it until people will be up to their eyeballs in debt lost their jobs and cannot pay it back everything is going to plan and still people continue to be, not asleep but in a coma, on uk tv at the moment another celebrity big brother meaningless piece of s--- program exactly what the sheeple need to keep them in their coma not giving a s--- what these politicians or bankers are doing, no wonder we are in serious trouble
January 9th, 2009 at 2:45 pm
obama obama change i can believe
January 9th, 2009 at 3:18 pm
Is this not just what bush said to get his 800 billion.
Do it now or face economic depression, lol
Which will happen anyways, what a load of sh!t
January 9th, 2009 at 3:19 pm
someone post up Bush’s speech next to obamas to see the difference, there is’nt any
February 6th, 2009 at 6:42 pm
Our founding fathers not only told us what to do, they put it in writing! “It is the duty of each American to rise up and throw it off” . State and Federal law requires that all males 17-45 years are the militia. If you are just too chicken %$#$% to join then move out of the country!
Do not be part of any militia that talks about using explosives, this is not covered under the law.
It is this simple! Trust me, the militia is a deterrant. If they can scare you enough you will do nothing and that is what they are hoping for. If good men do nothing, that is all that is required for evil to prevail.