The Trail: A Daily Diary of Campaign 2008



Obama's First Stop on Economic Message Tour: Indiana

By Anne E. Kornblut
President Obama will travel next Monday to Elkhart, Ind., before heading back to Washington for his first news conference on Monday night -- and then hit the road again on Tuesday for another trip, part of an expanded effort to take his message out into the country, his aides said.

Obama is redoubling his efforts to get Congress to pass an economic stimulus plan -- an effort that is bumping up against his self-imposed deadline of the Feb. 16 president's day recess. On Thursday night and again on Friday, he adopted a tone of outrage, calling the latest unemployment figures "devastating news."

"Last month, another six hundred thousand Americans lost their jobs," Obama said on Friday. "That is the single worst month of job loss in 35 years." He made his remarks at an event rolling out his new Economic Recovery Advisory Board, a team of business hands who will help him devise policy.

A list of the members of the board follows:

Paul Volcker will serve as Chairman and Austan Goolsbee as Staff Director and Chief Economist.

Members of the Board include:

William H. Donaldson, Chairman, SEC (2003-2005)

Roger W. Ferguson, Jr., President & CEO, TIAA-CREF

Robert Wolf, Chairman & CEO, UBS Group Americas

David F. Swensen, CIO, Yale University

Mark T. Gallogly, Founder & Managing Partner, Centerbridge Partners L.P.

Penny Pritzker, Chairman & Founder, Pritzker Realty Group

Jeffrey R. Immelt, CEO, GE

John Doerr, Partner, Kleiner, Perkins, Caufield & Byers

Jim Owens, Chairman and CEO, Caterpillar Inc.

Monica C. Lozano, Publisher & Chief Executive Officer, La Opinion

Charles E. Phillips, Jr., President, Oracle Corporation

Anna Burger, Chair, Change to Win

Richard L. Trumka, Secretary-Treasurer, AFL-CIO

Laura D'Andrea Tyson, Dean, Haas School of Business at the University of California at Berkeley

Martin Feldstein, George F. Baker Professor of Economics, Harvard University

Posted at 12:43 PM ET on Feb 6, 2009  | Category:  Economy
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For the record, I supported DeMint's amendment.

Posted by: JakeD | February 7, 2009 7:43 AM

You could spend money helping Republicans stack up the dollars you are spending and it would create jobs and promote growth.

Some ways of spending get more bang for your bucks than others, of course. Tax cuts for wealthy people have about the lowest return, but Republicans insist, so you get several billions for that.

All of JakeD's complaints amount to probably less that 1% of the total package. Much less than tax cuts. If you can get 99% effective spending out of Congress, only a mindless partisan dolt would complain about the 1%. Such a character is merely posturing, not offering solutions.

Posted by: nodebris | February 6, 2009 10:29 PM

JakeD is to Independent as hooker is to escort.

Posted by: nodebris | February 6, 2009 10:23 PM

WOW! It looks like we may as well have just
kept George W Bush 43,since the Messiah &
President Barack Hussein Obama - Bush 44 is
nothing but a repeat of the endless photo ops,teleprompter speech after speech,and
burning up jet fuel on Air Force One just
like Bush 43. The fact remains Obama is
even more clueless and incompetent then even Bush and just big of a liar and big
mouth lazy elitest college punk. It's time
Barack Hussein Obama RESIGN!

Posted by: Donna1983 | February 6, 2009 8:07 PM

Note also that many of Obama's top advisors were DIRECTLY involved in our housing mess. Austan Goolsbee even disputed whether "subprime lending was the leading cause of foreclosure problems," touting its benefits for credit-poor minority borrowers and warned that "regulators should be mindful of the potential downside in tightening [the mortgage market] too much."

Posted by: JakeD | February 6, 2009 4:36 PM

Posted by: JakeD | February 6, 2009 4:08 PM

First, I am registered Independent, not Republican. Second, if it doesn't create jobs or promote growth, it doesn't belong in the Stimulus Package.

Posted by: JakeD | February 6, 2009 4:02 PM

JakeD is among the many Republicans who fail to grasp the connection between "economic stimulus" and "spending money."

Posted by: nodebris | February 6, 2009 3:54 PM

"NEW PORT RICHEY — They camped out behind the faded convenience store all day, on a small patch of grass by a parking lot and two busy roads. By 6 o'clock Thursday evening, some of these people had already been there for 10 hours, huddled, wearing layers, bracing themselves. It would be one of the coldest nights of the year — dipping to 30 degrees — and it hadn't even begun.

They weren't camping out for concert tickets or some kind of door-buster sale. They just wanted to get their teeth fixed.

One day a year, a dentist next door to the convenience store, Dr. Vincent Monticciolo, gives away his services for free. Usually, people start lining up the night before. This year — in this economy — the first person showed up, with sleeping bags and determination, at 8 a.m. Thursday"

So here we are - low wage working people, unemployed people or retired old people, not welfare recipients, camping out to get one free procedure (cleaning, extraction or filling) at a dentist's office.

Read the whole article at:

Welcome to the real America.

Posted by: toritto | February 6, 2009 3:46 PM

"he adopted a tone of outrage"

Interesting formulation. The sort of thing one never gets to read in a straight news story unless it's Anne Kornblut klowning around at a Dem. How did such a small person as Anne come to occupy a position of so much responsibility and import in our political discourse? It sucks.

Posted by: zukermand | February 6, 2009 3:37 PM

Those numbers represent amounts of money that will be spent by the federal government. I hope this answers your question.

Posted by: zukermand | February 6, 2009 3:32 PM

$350,000,000 for STD prevention?

Posted by: JakeD | February 6, 2009 2:43 PM

$100 million for children to learn green construction?

Posted by: JakeD | February 6, 2009 2:41 PM


How will $50 million to NEA stimulate the economy?

Posted by: JakeD | February 6, 2009 2:36 PM

One would have to be brain dead to think we do not need a stimulus package. After all, if we did not need one Bush would have proposed one. not only are we going to get one but it will be in the $750 bln to $825 bln which is all Obama ever wanted in the first place.

When it comes to economics, Obama shows more sense than any of those senators. They have a kabuki they have to perform in order to justify their existence. It has been a long time since we had someone in the White House that really knew what he was doing.

Posted by: Gator-ron | February 6, 2009 1:14 PM

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