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Obama Ready for Battle With Budget Critics


2/28/09: Your Weekly Address from White House on Vimeo

By Michael A. Fletcher
President Obama today served notice that he is prepared to battle for his $3.6 trillion budget proposal, as he linked the priorities laid out in the spending plan to the promise of change that was at the core of his presidential campaign.

Speaking in his weekly radio and video address, Obama called on Congress to pass the budget he outlined on Thursday, saying it represents the "change the American people voted for in November."

He also warned that the spending plan would face fierce opposition from some lobbyists and some members of Congress because it "represents a threat to the status quo in Washington."

Obama predicted that many of his proposals -- including measures requiring insurers to bid competitively to offer health care coverage under Medicare, a plan to end $30 billion of tax breaks for oil and gas companies, and another curtailing subsidies for student lenders -- would face stiff opposition.

"I know these steps won't sit well with the special interests and lobbyists who are invested in the old way of doing business," Obama said. "And I know they're gearing up for a fight as we speak. My message to them is this: So am I."

Obama's budget calls for huge investments in health care, energy independence and education. The proposal would raise taxes for the oil and gas industry, hedge fund managers, multinational corporations and American families earning more than $250,000 a year.

The spending blueprint has come under fire from some Republicans who say the plan gives the federal government too much control over the nation's economy. They also bemoan spending increases, even as the current budget is projected to result in a $1.75 trillion deficit.

Critics also have assailed the proposed tax increases, which would mostly go into effect in 2011, as harmful to an already struggling economy.

But Obama said the budget proposal would set the nation on a course for the major changes he promised as a candidate. " I didn't come here to do the same thing we've been doing or to take small steps forward," Obama said. "I came to provide the sweeping change this country demanded when it went to the polls in November."

By Lexie Verdon  |  February 28, 2009; 7:13 AM ET
Categories:  44 The Obama Presidency  
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Comments

I accept your apology : )

Posted by: JakeD | March 2, 2009 12:47 PM | Report abuse

I frequently disagree with you JakeD, but at least I know that you and others here have the courage to represent your views honestly. I can respect that.

I apologize to you for my intemperance.

Regards

Posted by: JohnQuimby | March 2, 2009 10:31 AM | Report abuse

McCain got 44% of the Independent vote, but he also got 10% of the Democratic vote. If anyone (other than nodebris) wants to discuss whether Reagan Democrats still exist, or even the thread topic, please let me know.

Posted by: JakeD | March 2, 2009 9:38 AM | Report abuse

JohnQuimby:

There's no need for name-calling.

Posted by: JakeD | March 2, 2009 9:15 AM | Report abuse

JakeD: "For the record, my wife and I are registered Independent . . . "

Wonder whether he's registered non-affiliated, or for California's American Independent Party, which is way to the right of the Republican Party?

For the record, it makes a difference whether one is "independent" as in unaffiliated, or "Independent" as in a member of a far-right nut case party.

Not that anyone really has any doubt about JakeD, whatever he says he is. Read a few of his posts if you don't know and care.

JakeD: "and we are not solidly behind Obama."

Wow. Really? An "Independent" like you, not behind Obama? Gasp!

JakeD: "We know pro-life Democrats who did not vote for him either."

I'm sure you know both of them. And their buddy who was on the line.

Posted by: nodebris | March 2, 2009 12:09 AM | Report abuse

liberaljoy54:

I've got some thoughts for you re: your points below.

1) "How else have some middle-class been able to send their kids to college and support themselves at the same time? How else have people been able to buy washer/driers?"

Answer: Credit. The opposite of investment.

2) "When Obama let Americans in on his plans health care stocks plummeted. Both health care workers and investors wonder how his plan will effect their jobs and salary's."

Answer: his plan is currently under discussion. Salaries and wages are not the problem. Private health insurance companies have their hands in the Federal Treasury. That's the problem. The market crashed in September.

3) Your expectations are your business. Nobody promised you an income from your private investments. Unless it was the GOP proposal that we should privatize Social Security.

4) it's possible you are who and what you say you are. But it isn't likely. Troll.

Posted by: JohnQuimby | March 1, 2009 5:51 PM | Report abuse


jm917 said:
"Yes, huge debts will be run up"

Gambling with our children and grandchildren's livlihood in
order to indulge ourselves is about as low as it gets. But I suppose it was
to be expected after Obama took his children with him to Wright's church.

.

Posted by: Billw3 | February 28, 2009 11:39 PM | Report abuse

I've just finish reading everyone's rants and rave,rave,rave. People elected Obama with the thought that he was going to fix everything likity-split well he isn't, and he can't. Clinton, McCain, Huckabee, even madam hockey-mom wouldn't have been able to come up with a workable plan. It's going to cost. I just cannot fathom how he can expect to pay satisfy the middle and low or minus income people in America while paying mortgages, student loans, and health care costs? Does he know this is a capitalist society? Who will pay teachers, nurses and aides salary's? Is he going to put all CEO's including African American CEO's and Tycoons on the bread line? Will investor's, (which includes 1 out of every 4 people), be left without a way to increase and pay for student loans? Give us some clear answers.

Posted by: librajoy54 | February 28, 2009 9:15 PM | Report abuse

I have several things I'd like to address.
1) Obama's war on banks and wall street investors. Does he not realize that not every bank is pork and not every investor is a swindler? 1 out of 5 Americans are investors. How else have some middle-class been able to send their kids to college and support themselves at the same time? How else have people been able to buy washer/driers?
2) Regarding Universal health care. Does he plan to cut out people on SSI who get money for medications? That's a subject he doesn't address. How safe will jobs in health care be? Nurses and Aides have lost their jobs. When Obama let Americans in on his plans health care stocks plummeted. Both health care workers and investors wonder how his plan will effect their jobs and salary's.
3) Student's are thinking that they are safe with you Obama because you'll have the jobs they need to pay the loans they already have. Student's with Bachelors and no way to pay for the Bachelors much less the masters are thinking you'll give it to them for free. And what about people like me who are disabled, on SSI and graduating with a Bachelors and loans to pay will you help me?
See I was one of the people who voted and campaigned for you. Thinking you were the answer to even poor white women like me but I'm beginning to feel left out as are some others like me.

Posted by: librajoy54 | February 28, 2009 8:47 PM | Report abuse

We are facing a national emergency--as grave as the Great Depression and World War II.

In these circumstances, the nation must bite bullet and borrow/spend great sums of money--far more than we would be comfortable spending in "normal" times. Thee national debt, expressed as a percentage of GDP, is going to rise--very substantially. During World War II it exceeded GDP. We are not getting anywhere near that kind of debt load, but it IS going to have to go up before we can get a handle on the crises we face.

Republicans may claim that "we cannot borrow and spend our way to prosperity," but that is in fact what we have to do. The Republicans have absolutely no grasp of economics; they might as well be speaking for the Hoover administration.

Is this risky? Is it frightening? Yes. But it is the only broad strategy that has a realistic chance of jolting us out of this ever-deepening recession--something that we might as well begin to call a depression, because there is a real danger that we are getting caught in a negative feedback loop, a deflationary cycle, such as we have not seen since the 1930s.

And there are serious structural problems that have to be excised: Widening income disparities. A crushing burden of healthcare on households and firms. Growing educational deficiency. Aging and increasingly decrepit and inadequate infrastructure, from roads/bridges to electrical grid. Dangerously excessive fossil-fuel addiction, with long-range fatal economic, national-security, and environmental implications. The housing and mortgage crisis, and the vast over-extension of credit to consumers. The loss of our manufacturing base and the growing maldistribution of national wealth, which has in turn cause the loss of so many solid blue- and white-color jobs that enabled the postwar generation to prosper. The absence of meaningful regulatory oversight of the national and global financial structure. Global climate change. (Oh yes, and Al Qaeda is still out there, and the Arab-Israeli conflict still has to be resolved so as to strike at one of the founations of Islamic hatred of the Western world, especially the USA.)

President Obama and his team understand the challenge, and they understand how interlocked are all the serious deficiencies that we as a modern society face.

We have no choice but to forge ahead. Yes, there is an element of experimentation here. Yes, there will be mistakes and waste. Yes, huge debts will be run up, long before we have established the basis of a new prosperity with which we can begin to pay down that debt load.

"As our case is new," wrote Lincoln to Congress in 1862, "so we must think anew and act anew." That's the kind of historical moment we face now, folks. We are in the kind of world that Lincoln faced in the 1860s and FDR in the 1930s. "The dogmas of the quiet past" are not going to work in this "stormy present."

Bite the bullet and get on with the job.

As tinyjab40 put it, "Obama is on the right track."

Posted by: jm917 | February 28, 2009 6:43 PM | Report abuse

Everyone for the last 20 years has been complaining about the lobbyists and special interest groups taking over our government.

Someone comes in and tries to address that problem and they're crucified.

God we really are stupid here in the United States.

Posted by: helloisanyoneoutthere | February 28, 2009 6:43 PM | Report abuse

In his nomination acceptance speech, Obama said he was asking us "to take a chance - not a gamble, a chance" on his presidency. All right, Obama, you've got your chance. Make it a good one.

We'll let you know if it becomes a gamble.

Posted by: treetopflyer | February 28, 2009 6:24 PM | Report abuse

I think Obama correctly linked three key issues -

Health care, energy and education

You can't tackle these one at a time because none of them individually solves the larger problem and each one has political perils that could be fatal for anyone who tries it.

McCain never had the nerve to lay it out and Conservatives would have squashed him if he had.

Reagan maintained that cutting taxes combined with Federal spending would spur growth that would lift the economy out of deficit.

Clinton and Republicans cut spending, raised taxes and balanced the budget.

Point being we started with Reagan during a steep recession and ended with a balanced budget.

Is the bill huge? Yes.

What are the alternatves?

Posted by: JohnQuimby | February 28, 2009 5:40 PM | Report abuse


JohnQuimby said re Obama supporting renewable energy:
"That's just one example of why I'm willing to follow the presidents' proposal to take the risk and set the stakes for a whole new framework."

So do you believe McCain would not have supported renewable energy?

My subject has been primarily the danger of spending above one's means, both at the individual level and the governmental level. What do you think of the massive government debt Obama is racking up?

.

Posted by: Billw3 | February 28, 2009 5:23 PM | Report abuse

"The problem is people and the government have increased their "standard of living" overly much on borrowed money and it's time to pay with money we don't have. In other words indulgement."

Sadly so. I'm afraid "we" are the problem.

"Do you see a better option?"

I'm not certain it's better but I do like the thinking behind the President's proposals on energy - to this extent:

The first country that can harness and distribute renewable energy at a profit
and run an economy on it's own resources for the next 100 years is the winner of the next global economic war.

As long as we are not energy independent we can't feed ourselves without importing resources. At the moment we are importing energy resources AND food. When did you ever expect to see the US dependent on imported commodities?

A month ago Russia brought Europe and NATO to its knees by shutting off one gas pipeline. That's not just about shutting off the heat on widows and orphans - understand that natural gas is a key component in the manufacture of fertilizer.
Russia was threatening the food supply of Europe.

That's just one example of why I'm willing to follow the presidents' proposal to take the risk and set the stakes for a whole new framework.

Posted by: JohnQuimby | February 28, 2009 4:51 PM | Report abuse

How Many MILLIONS Are Being Squandered by DoD/NSA/DIA/DARPA, DHS/FEMA/S.S., DoJ/FBI, Tres./IRS on THIS:

A FEDERALLY-ENABLED AMERICAN GENOCIDE CONTINUES TO DESTROY ENTIRE FAMILIES NATIONWIDE.

***

TEAM OBAMA: WHAT DO YOUR BUSH HOLD-OVERS KNOW ABOUT THIS?

The ONGOING Bush/Cheney- initiated American social genocide via the "extrajudicial punishment network" :

• Silent, covert microwave radiation weapons assaults on innocent but "targeted" U.S. citizens;

• Terroristic vigilante community gang stalking;

• Secret federal "programs of personal financial destruction."

SATURDAY IS DAY 4O OF THE OBAMA ADMINISTRATION.

DO YOU R*E*A*L*L*Y KNOW WHAT YOUR SECURITY MULTI-AGENCY COORDINATION CENTER IS UP TO?

http://www.nowpublic.com/world/gestapo-usa-govt-funded-vigilante-network-targets-terrorizes-u-s-citizens
http://www.nowpublic.com/world/domestic-torture-radiation-weaponry-americas-horrific-shame

OR (if links are corrupted / disabled):

http://www.NowPublic.com/scrivener

Posted by: scrivener50 | February 28, 2009 4:42 PM | Report abuse

This guy Obama is so incredibly great. We do not deserve him. What a man!

Posted by: GeorgHerbet | February 28, 2009 4:13 PM | Report abuse

I love this guy!!! We have never had a tougher man in the oval office.

Posted by: GeorgHerbet | February 28, 2009 4:12 PM | Report abuse

Everyone wants free health care.But everything has a price.And the tax cezar put in charge with increasing revanue bye one trillion when asked why the bill states moderate income bracket is not what oboma announced of two and fifty thousand income level.And asked about what he thought was a moderate income level becouse the proposed bill was so vague.But the cezar refused to commit to his interpitation of the proposed law.In other words its like bernakie bank bail out cezar no acountabiliteis.Its up to him to interperet.So we need a trillion more i think the tax burden will be like a lead weight around our necks.They just want more tax becouse social sucerity and medicare our near bankcrupt.People who love oboma first love youre famaly then next youre neighbor youre fellow we the people.Last love oboma.When i see this and the stupid americans behind this.Please take care of youre own houses medical needs as the head of the house hold.We as a people understand nafta,That it bancrupted commerce While it lined the pockets of oboma and polititions.Special lobiest didnt give me a nickel.So understand everyone of there proposal cost us huge dollars.Please my fellow americans i used to make 16.40 and hour.Now four hundred on unempoyment.I want free health care too.But everything the government does cost me money.I bought a new truck.I paid sells tax.2000 dollars.I thought that was bad then i went to register my truck and was charged 1700 RTD tax for busses i dont even ride.Tax without representation.Let the people who ride RTD pay for there own new transit.I work construction and bus dont work when every day you our at a different site.Please dont take no more of my money i am poor and scared i cant pay my bills now.And will face a health care reform tax.If i am sick i will pay my own way.You dont deprive me of life liberty and proporty were i dont get represented.Theives and liars nafta was treasonist on our national wealth.Lobbeist had there cut and senators had theirs to out sorce industry.I didnt get mine.Becouse i wasnt represented bye honost people but theives.Please leave us citazens alone.You have stoled everything from white water to enron to huge taxes there is nothing left but beggars bread.Please leave us alone.

Posted by: rootofdavid777 | February 28, 2009 3:55 PM | Report abuse


JohnQuimby said:
"Forgot to add my compliments for your addressing my post point by point.I do appreciate the courtesy."

Momma said 'always be polite unless they bite' :)

Posted by: Billw3 | February 28, 2009 3:54 PM | Report abuse

Billw3 said:
"That will be tough, as Americans must now compete in the world labor market, indicating less pay. It won't be easy."

JohnQuimby replied:
"Right - So what's your plan?

As I see it, there are two main options:
1. Print and borrow money until we pay by the dollar being devalued. Then we have a lower standard of living.
2. Stop borrowing and printing money and curb the handouts this provides, then compete with other nations in our products and services, which would solve the unemployment problem. Then we pay with a lower standard of living.

Same result, but the latter leaves us self-sustaining, while the former leaves us vulnerable. The problem is people and the government have increased their "standard of living" overly much on borrowed money and it's time to pay with money we don't have. In other words indulgement.

Do you see a better option?

.

Posted by: Billw3 | February 28, 2009 3:45 PM | Report abuse

Billw3:

Forgot to add my compliments for your addressing my post point by point.

I do appreciate the courtesy.

Posted by: JohnQuimby | February 28, 2009 3:44 PM | Report abuse

This cinches it. Obama is a certified genius. He has called his fight what it is- a fight against the lobbyists and special interests. How lucky and undeserving we are as a nation to have this great man come along at this time.

An electorate who has allowed the GOP to gut this country the way it has doesn't really deserve such an honest, intelligent, hard working man like this.

we should all be on our guard though because GOP may run that great intellect Joe the Plumber- a true half wit that represents everything they stand for. and I'm sure the corporate media will try to make Joe into a populist hero.


GO Obama. You are wonderful

Posted by: Barbi520 | February 28, 2009 3:25 PM | Report abuse

Give 'em hell, Mr. President!

Posted by: meldupree | February 28, 2009 3:07 PM | Report abuse

Socialism refers to a broad set of economic theories of social organization advocating PUBLIC or STATE ownership and administration of the means of production and distribution of goods, and a SOCIETY characterized by EQAUL opportunities for ALL INDIVIDUALS, with a FAIR or egalitarian (all people should be treated as equal)method of compensation.

Capitalism is an economic system in which WEALTH, and the means of producing WEALTH, are PRIVATELY OWENED and CONTROLLED rather than commonly, publicly, or state-owned and controlled. Through capitalism, the land, labor, and capital are owned, operated, and traded by private individuals or corporations, and investments, distribution, income, production, pricing and supply of goods, commodities and services are determined by voluntary private decision in a market economy.

THERE IS NOTHING WRONG WITH CAPITALISM, AS LONG AS THOSE WHO HAVE WEALTH & HAVE ACQUIRED WEALTH DID NOT acquire it by CHEATING, STEALING, and SCHEMING from Hard Working (Middle Class) Americans.

The U.S. needs both Socialism and “Fair” Capitalism to set the country back on the right path.

I believe that Obama is trying to do that.

Go Obama, I got your back!

Posted by: lcarter0311 | February 28, 2009 3:04 PM | Report abuse

Billw3:

"That will be tough, as Americans must now compete in the world labor market, indicating less pay. It won't be easy."

Right -

So what's your plan?

Posted by: JohnQuimby | February 28, 2009 3:03 PM | Report abuse


american1 said:
"Both parties have not only ignored our Constitution but most have aided and abide in subverting it and the rule of Law. The most massive Illegal Aliens invasion in the history of the World, of any Nation, at any time, by any means, under mines both Article IV section IV of our Constitution against invasion and the rule of Law. Many if not most of our politicians should be arrested, given an fast but fair hearing then an public execution for treason! "

Exactly, but the liberal something-for-nothing and anything-goes crowd would howl in protest.

.


Posted by: Billw3 | February 28, 2009 2:10 PM | Report abuse

Both parties have not only ignored our Constitution but most have aided and abide in subverting it and the rule of Law. The most massive Illegal Aliens invasion in the history of the World, of any Nation, at any time, by any means, under mines both Article IV section IV of our Constitution against invasion and the rule of Law.

Many if not most of our politicians should be arrested, given an fast but fair hearing then an public execution for treason!

Posted by: american1 | February 28, 2009 1:57 PM | Report abuse

tinyjab40: "After eight years of the rich CEOs getting billions and Madoff and his ilk ponzi-ing while ordinary people starved, we know what is at stake."

Madoff and especially Stanford were big democrat supporters. The media has largely been keeping this a secret. Search for the articles and videos where BJ Clinton & Pelosi hugged and praised Stanford.

We have seen what "progressive" policies have done for the democrats' science experiments called California, Illinois, and New York. Who can honestly say we need the whole country to look like these frail, zombie states?

Posted by: iMach | February 28, 2009 1:55 PM | Report abuse

Meantime, with millions of Americans without jobs no liberal will address the 500 pound gorilla in the room, millions of invading Illegal Aliens taking jobs that should be American jobs. One cannot be political correct and admit that Illegal Aliens are an large part of the problems in this Nation.

Their negative impact extends to every area from Sub-par loans, Lower standard of living, Crime, Bankrupted hospitals, Failing schools, Taxes, Environment, Culture, Welfare costs, Disrespect for laws, our Constitution against invasion and even Balance of payments occurring from oil and other imports to support the 20 to 30 illegal aliens in this country!

One has to only look at Calif. which is basically mostly an Spanish speaking Bankrupt state that cannot afford to provide Welfare, Schooling, Medical, Prison cells etc. for millions of MS-13 Gang bangers, Drug dealers, Rapist and other assorted Criminals and uneducated third world rejects from Mexico!

In a very few years it will be impossible to see where Mexico ends and Calif. begins as both will be an third world cesspool!

Failure to secure our borders and reward the Invading horde for their invasion and their relatives in an never ending chain with American Citizenship will assure our future is an over populated Spanish speaking third world Nation that is an Cesspool of Corruption, Crime, Poverty and Misery modeled on Mexico!

Posted by: american1 | February 28, 2009 1:53 PM | Report abuse

"For the record, my wife and I are registered Independent and we are not solidly behind Obama. We know pro-life Democrats who did not vote for him either."

Posted by: JakeD | February 28, 2009 12:19 PM

******************************************

Although very early, premature .....

I suspect there will be many more Independents and moderate Democrats NOT voting for President Obama in Nov. 2012.

Posted by: furtdw | February 28, 2009 1:36 PM | Report abuse


Ombudsman1"
"People who are smarter, stronger, better looking, or more skilled will have more money than you. And that's a good thing."

Someone said long ago that people should not be equal, but instead should have equal opportunity. The other side of the coin, is we should be humane enough to help those of inability who deserve it, deserve being the key word.
.

Posted by: Billw3 | February 28, 2009 1:19 PM | Report abuse


To JohnQuimby:
"You offer nothing constructive in your comments."

I defined the destructive. Were you not able to deduce the opposite (constructive), one thing for instance, to stop over-spending by the government?

"FYI I'll take Obama over the
"Invisible Hand" free market cult."

That's your right.

"America's banks can't finance the change we need because they're broke. One way or another - you and I are on the hook for this meltdown."

Agreed. Caused by the indulgent goofballs who lived beyond their means, and liberal induced lending rules that allowed it.

"The GOP is seemingly endorsing the idea that we ought to do nothing but wait a generation for things to improve on their own. But at the end of that generation, we'll be living in a fragmented country owned by Saudi Princes and Chinese overlords."

"The Chinese are already dumping American securities, and stated they will be cautious in purchasing more. The "stimulus"
should have provided more subsidizing for manufacturing re-startup. Even your can opener is made in China. I don't think the republicans advocate doing nothing, I believe they want to moderate Obama's reckless abandon re government spending.

"Patching an unsustainable economy isn't the answer. It's time to build a new economy of self reliance that isn't dependent on Princes, Dictators and the Kings of Commerce."

That will be tough, as Americans must now compete in the world labor market, indicating less pay. It won't be easy.

.

Posted by: Billw3 | February 28, 2009 1:13 PM | Report abuse

Meaningful health care reform would be something that most people wouldn't like.

The idea that there is some magic way to get everybody health care is false. It's false everywhere in the world, and it's false in the U.S. Health care is rationed, the question is by who.

Ironically, I think the U.S. government current makes health care worse by essentially establishing a "floor" price on every procedure and drug. That's what medicare does.

The cure is obvious, less government spending directly on health care, and a rule that doctors, hospitals, drug companies etc. must publish all their prices.

Right now, the market can't work effectively because there is no correlation between what you pay for health care and what you receive in health care.

And frankly, no health care reform will work unless people acknowledge a simple right: if you are paying for health care, you'll go to the front of the line, and get better doctors (or at least you can, if you want). The idea that I would wait in line behind some homeless guy is so ludicrous that it won't work.

If Obama and the democrats have their way, we'll have a two-tiered system. First tier is government funded, sponsored and paid for. The 2nd tier is if you have a good job, your employer will still pay for "special" health care where I don't have to wait in line behind some wino.

I guess that will cause people to whine too, they'll say it's not fair that the "rich" (i.e. anybody who makes more than minimum wage) get better health care than the poor.

Jimmy Carter was the worst president ever, but even he had to tell his whining party "Hey, life isn't fair" after a while. It isn't fair. People who are smarter, stronger, better looking, or more skilled will have more money than you. And that's a good thing.

Posted by: Ombudsman1 | February 28, 2009 12:50 PM | Report abuse

Billw3:

You offer nothing constructive in your comments.

FYI I'll take Obama over the
"Invisible Hand" free market cult.
(BTW Deacon Greenspan has left the flock)

America's banks can't finance the change we need because they're broke. One way or another - you and I are on the hook for this meltdown.

The GOP is seemingly endorsing the idea that we ought to do nothing but wait a generation for things to improve on their own.

But at the end of that generation, we'll be living in a fragmented country owned by Saudi Princes and Chinese overlords.

Patching an unsustainable economy isn't the answer. It's time to build a new economy of self reliance that isn't dependent on Princes, Dictators and the Kings of Commerce.

Posted by: JohnQuimby | February 28, 2009 12:42 PM | Report abuse

blame others we got ourselves in dept we ran our credit cards up had to have that bmw or suv had to have that house, borrow from the banks and now we expect somone else to pay did you have a job for life so now here comes someone who says he can pay you off with money that does not belong to you you did not work for it or earn it but here you are willing to take it but there is a price the end of the united states greed , hate, and envy. it makes you as bad as the bankers that you grip about so much

Posted by: getsix1 | February 28, 2009 12:37 PM | Report abuse

you people have been smoking to much crack, i guess when you dont work live at mommy and daddys i guess siting and hoping obama will send that ck, he will take from the rich and give you a cut, as long as you do not expect a job in the next 10 years or so, or dont mind paying 8 dollars a gallon of gas, or a six dollars a gallon of milk youll be fine. hey i here powderd milk isnt bad and hey what do you need a car for anyway. who do you think the rich people will make pay for there huge tax increases. and what kind of care do you think your going to get from a doctor who isnt happy with the money he isnt making ...

Posted by: getsix1 | February 28, 2009 12:20 PM | Report abuse

For the record, my wife and I are registered Independent and we are not solidly behind Obama. We know pro-life Democrats who did not vote for him either.

Posted by: JakeD | February 28, 2009 12:19 PM | Report abuse

'the OBAMA' doublespeak translator...
PREZ BARACH'incurably-dishonest'OBAMA states that the UNITED STATES military will wthdraw from IRAQ and cease combat operations by August 31, 2010. But -BUTT - the UNITED STATES will leave 50,000 troops there - do you really think 60,000 men+women with weapons will not engage in combat operations???
PREZ BUTTHEAD-BARRY-the-1st states that 95% of TAXPAYERS will receive a TAX CUT of $13DOLLARS-A-WEEK starting this APRIL. But - BUTT - this 'TAX CUT' is actually a TAX CREDIT and will be billed to us on next year's income tax in a lump sum - not weekly!!!
PREZ BARRY'incurably-fraudulent'OBAMA states that with an increase of $3TRILLION DOLLARS that he claims isn't PORK STIMULUS CRAPPOLA - 'the OBAMA' will cut the deficit by 50%!!! 'the OBAMA' will also walk on the waters before JEFFERSON's monument while 'SHARING-the-WEALTH' others have generated
with the 'minorities'+feckless MARXIST IDIOTS that are his political base along with 'guilty' WHITE DEMBHOLES embracing this BLACK FRAUD although he went to COLUMBIA+HARVARD!!!
Posted by Jaimot's Jargon at 8:49 AM

Posted by: ZyskandarAJaimot | February 28, 2009 12:15 PM | Report abuse


thebobbob
"It's only the ever-shrinking kool-aid drinking, incapable of thinking Republicans who don't get it. Fear, Hatred and Division is all they've got."

A perfect example of what's wrong with the country. The parties rant at each other instead of at their parties politicians, who aren't doing what's needed for the long-term interest of the country. Instead they act to impress the ignorant with handouts in order to get elected 2 years later.

.

Posted by: Billw3 | February 28, 2009 12:05 PM | Report abuse


Obama is buying time. Our real decline started back in the 1960's when we began to lose our manufacturing base due to lack of competition in the world labor market. That along with greed and irresponsibility at all levels of our society. The government now prints and borrows money to patch things up as they fall apart at the core. Escalation of this will eventually deflate our currency and wreak havoc to the country. Obama's hope is that all the government handouts and over-spending will temporarily perk up the economy during his term in office, but continuing the current extreme fiscal irresponsibility will eventually take its toll.
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Posted by: Billw3 | February 28, 2009 12:01 PM | Report abuse

Go President Obama. You need to continue to expose and point out those who continue to put their lobbyist connections, special interest and big business first. The American people are behind you.
We voted for change, your change, and will not accept or support politics as usual.

Posted by: kathlenec | February 28, 2009 12:00 PM | Report abuse

Here's the cold hard facts being CENSORED by WaPO & the Obama Administration.
Dem. , Independant or Repub you are being played for idiots

-------------------------------------------
"Recipe for Disaster: The Formula That Killed Wall Street"

{and the sovereign debt and central bank reserves of all of Americas' trading partners}

http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=4

"Li can't be blamed," says Gilkes of CreditSights. After all, he just invented the model. Instead, we should blame the bankers who misinterpreted it. And even then, the real danger was created not because any given trader adopted it but because every trader did. In financial markets, everybody doing the same thing is the classic recipe for a bubble and inevitable bust.

Nassim Nicholas Taleb, hedge fund manager and author of The Black Swan, is particularly harsh when it comes to the copula. "People got very excited about the Gaussian copula because of its mathematical elegance, but the thing never worked," he says. "Co-association between securities is not measurable using correlation," because past history can never prepare you for that one day when everything goes south. "Anything that relies on correlation is charlatanism."

Unless we address credit default swaps head on right now, the whole globe is going to be up for grabs in the blink of an eye.
http://www.guardian.co.uk/business/2009/feb/25/larry-elliott-depression-japan

What is to be Done With Credit Default Swaps? IRA's Chris Whalen @ AEI delivered on Monday Feb 23, 2008 CDS caused Citi, Bear, Merrill, AIG , Lehman etc. to fail
http://www.riskcenter.com/story.php?id=17904

Posted by: rtfanning | February 28, 2009 11:52 AM | Report abuse

"And I know they're gearing up for a fight as we speak. My message to them is this: So am I."

He kicked their butt in November. He'll do it again. Dem's and Independents are solidly behind him. It's only the ever-shrinking kool-aid drinking, incapable of thinking Republicans who don't get it. Fear, Hatred and Division is all they've got.

Posted by: thebobbob | February 28, 2009 11:52 AM | Report abuse

Needless to say, I thank God for GWB too (if Gore or Kerry had won, I suspect we would have had worse terrorist attacks). Obama, not so thankful.

Posted by: JakeD | February 28, 2009 11:46 AM | Report abuse

coralights:

60 million voters are more than 5% and even GWB did what he said too.

Posted by: JakeD | February 28, 2009 11:35 AM | Report abuse

Excellent. I'm liking this Obama administration more and more all the time. This budget is very impressive, and a complete break from the nonsense of the years of Republican control. May he roll right over the status quo. Count me as one person who's got his back.

Posted by: jims1 | February 28, 2009 11:32 AM | Report abuse

Go, President Obama, go! Go all the way. Do not stop short.
Without meaningful health care reform, there is no way to keep our social security system strong. The money saved due to lower Medicare or mediaid cost will benefit everyone, young and old, poor and rich, Democrates and Republicans alike.
The American people has spoken. The majority support you. Do not hold back.
By the way, I thank God for Bush. Without his cosmic failures and incompetence, we may not be able to have this big change of events that allow President Obama to do what he is elected to do.

Posted by: kcleung8947 | February 28, 2009 11:32 AM | Report abuse

Our President is courageous, intelligent and most of all easy to understand and trust. He does what he says and he explains why he does it - on the other side we have cries of socialism and class warfare and deficit spending. I say to them where is all the money the American People have paid for social security and a Government that is for the people, by the people and of the people? There is no big or small Government - just good or bad Government - we need a good Government - one that is taken out of the hands of lobbyists, special interests and self-serving politicians.

I am one of the 95 out of a hundred people in this country who have been disadvantaged by the rich and powerful - the 95% have been split for decades by the two party system - however the 5% control one of the 2 parties - they have attracted their party members using religion, fear, prejudice, fallacy, greed, lies and money. They understand how our minds work better than we do!

It is time for our fellow 95 percenters to support our brave President who has shown he is neither a liberal or democrat nor democrat or republican.

The 2 parties in this country represent 2 classes - the divisive 5 "percenters" mostly represent the interests of rich and powerful and the 95 "percenters" represent the average middle class and poor person - it is time for our fellow 95 "percenters" who have supported the 5 "percenters" to take back our country and support our courageous President -and if he needs the American peoples help to get the job done it will be in 2010 when we get to vote again!

Posted by: coralights | February 28, 2009 11:21 AM | Report abuse

In November America voted for SOCIALISM: A system or theory of social organization in which the producers possess both political power and production and distribution means. Is that what you voted for? Yes you did and if you don't like it you can't blame anyone but yourselves. Did the kool-aid not taste sweet? How does it taste now Obamanation! And you thought he was a nice guy.

Posted by: SouthernCross2 | February 28, 2009 11:12 AM | Report abuse

Wikipedia definition of envy-an emotion that occurs when a person lacks another's (perceived) superior quality achievement,or possessions and either desires it or wishes the other lacked it. An awful lot of people fall into the "wishing others lack it" category and Obama knows just how to play them.

Posted by: thebink | February 28, 2009 11:09 AM | Report abuse

The U.S. taxpayers are now bearing billions of dollars of losses on the Troubled Assets held by the banks. The underlying “troubled assets” are the “toxic” mortgages such as Alt-A, Option ARMs, Interest-Only, etc. that are interwoven into the Mortgage Backed Securities, Collateral Debt Obligations, and other derivative investments that are leveraged into investments valued in the trillions of dollars worldwide.

The growing concern is that these losses will continue to materialize as defaults increase with the projected 8 million foreclosures expected over the next four years. It seems that the key to this crisis IS THE BORROWER!

In 1943, Winston Churchill said..”Never before have so many owed so much to so few”. The Borrower holds the key to a solution of this economic crisis, especially as we approach the 2nd “Tsunami” Wave of Foreclosures on the Resetting of these “Toxic’ Mortgages.

Since the valuation of these “toxic” assets depends on the Borrower’s ability to make the monthly mortgage payments, the key to a solution of this Economic Crisis is the Borrower!

Everyone is betting that the Borrower will default and foreclosures will follow. The high rate of foreclosure should have been expected because the Borrower has no concept of managing money.

The Borrower is in desperate need of “Financial Guidance” in this complex economic environment that requires “informed” financial decision-making. The Subprime Mortgage Crisis, out-of-control consumer spending and credit card usage, and the spike in foreclosures and bankruptcies provide evidence of that fact. Loan modification or “Bailout” will not work. Even after loan modification, the re-default rate was 60% within 6 months!

The solution is a program of Immediate and Specific Financial Guidance that will help the Borrower “naturally” be able to make the monthly mortgage payment, without “bailout” or extensive loan modifications which have proven to be a failure.

bornsteinsong@aol.com

Posted by: bornsteinsong | February 28, 2009 10:58 AM | Report abuse

When Obama battles with the special interests, he'll have a lot of us behind him. After eight years of the rich CEOs getting billions and Madoff and his ilk ponzi-ing while ordinary people starved, we know what is at stake. We also know the same old arguments. Bush tried the lower taxes on the rich and corporations and what trickled down is a depression. He and the GOP, who will now shout about high spending, added $4.5 trillion to the national debt to make their rich friends richer while millions more became unemployed.

Obama is on the right track. Millions of people who have been stabbed in the back for the last eight years are behind him.

Posted by: tinyjab40 | February 28, 2009 10:37 AM | Report abuse

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