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Title: Obama: U.S. Must Spend Itself Out of Recession
Source:
Newsmax
URL Source: http://www.newsmax.com/headlines/ob ... _speech/2009/12/08/295829.html
Published: Dec 8, 2009
Author: ap
Post Date: 2009-12-08 13:30:35 by Happy Quanzaa
Keywords: obama, recession, depression
Views: 323
Comments: 11
WASHINGTON -- President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must continue to "spend our way out of this recession." Without giving a price tag, Obama proposed a package of new spending for highway, bridge, and other infrastructure projects; deeper tax breaks for small businesses; and tax incentives to encourage people to make their homes more energy efficient. "We avoided the depression many feared," Obama said in a speech at the Brookings Institution, a Washington think tank. But, he added, "Our work is far from done." For the third time in a week, Obama sought to focus on job creation, noting that the jobless rate continues in double digits and that "a staggering" 7 million Americans have lost jobs since the recession began in December 2007. Although his proposal did not include the kind of direct federal public works jobs that were created in the 1930s, he said government could set the stage for more job creation by private businesses. Obama did not characterize his proposals as another stimulus program, like the $787 billion version passed early this year, but Republican critics have called it just that and have said it will increase a federal deficit that is already at a record level. Obama included sharp criticism for Republicans in his speech, accusing them of opposing economic stimulus efforts and his health care overhaul while supporting tax cuts and spending that have ballooned the deficit. He said that, soon after he took office, he and congressional Democrats took "a series of difficult steps" to try to stabilize the financial system and pull the economy out of a deep recession. "And we were forced to take those steps largely without the help of an opposition party which, unfortunately, after having presided over the decision-making that led to the crisis, decided to hand it to others to solve." Obama did not say how much his proposals would cost, although congressional Democrats are eyeing a $70 billion package to help create jobs and to provide aid to hard-pressed state and local governments. The part of the package dealing with roads, bridges, and other infrastructure could total about $50 billion, administration aides suggested. Although Obama acknowledged increasing concerns in Congress and among the public over the nation's growing debt, he said critics present a "false choice" between paying down deficits and investing in job creation and economic growth. To pay for the new programs, the administration is citing the Treasury Department's report on Monday that it expects to get back $200 billion in taxpayer-approved bank bailout funds faster than expected. Obama suggested that this windfall would help the government spend money on job creation while also paying down the nation's $12 trillion debt.
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#1. To: Happy Quanzaa (#0)
Why not start another war? That's always good for spending.
I guess it would be more like using gasoline to escape from a house fire.
This qualifies for your corruption ping list, imho.
Since the US is us the people, I guess what he is saying is that we all need to print money and buy stuff we want.
Much like George W. Bush did after 9/11 ("Go out and shop").
What's the difference between Sarah Palin's mouth and other parts of her body? Only some of the things that don't come out of her mouth are retarded.
How retarded do you have to be to actually think this guy is smart?
They would love to,but they are out of soldiers.
Don't let the government hear you say that. Might 'find WMDs' in the Congo or some such nonsense. BTW, completely off topic, Radio 2 did a documentary last week about that very film. Quite entertaining and quite enlightening. Apparently before filming I believed they checked with the Queen's Chaplain, and a few Archbishops, to ask if it was sacrilegious. They deemed it was not. Always loved that film
Hey...give me a trillion dollar bailout and I'll open factories in China or hire illegals here in the US. I'm a genius.
I recall that it made a big stink here when it came out. I don't know why. It's my favorite Christmas movie.
Obama: U.S. Must Spend Itself Out of Recession
Always look on the bright side of life.
#2. To: Happy Quanzaa (#0)
"spend our way out of this recession."
#3. To: sneakypete (#0)
#4. To: Happy Quanzaa (#0)
U.S. Must Spend Itself Out of Recession
#5. To: BobCeleste (#4)
Since the US is us the people, I guess what he is saying is that we all need to print money and buy stuff we want.
#6. To: Happy Quanzaa, *Crime and Corruption* (#0)
President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must continue to "spend our way out of this recession."
#7. To: Bickus Dickus (#1)
Why not start another war? That's always good for spending.
#9. To: Bickus Dickus (#1)
Why not start another war? That's always good for spending.
#10. To: Happy Quanzaa (#0)
#11. To: nighttrain2008 (#9)
Always loved that film
Always look on the bright side of life.
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