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Obama's 'Main Street' Focus


President-elect Barack Obama at today's press conference announcing his economic team. AP Photo/Charles Dharapak

President-elect Barack Obama had but one central message in his brief press conference today announcing his economic team: I feel your pain.

No fewer than three times in his remarks, Obama made sure to emphasize the need for economic solutions that help "Main Street" just as much as Wall Street.

"We cannot have a thriving Wall Street without a thriving Main Street," Obama said early on; later, he added: "A strong Main Street will help maintain a strong Wall Street."

It's no secret that in political-speak, "Main Street" is code for the middle class. And, it also won't surprise anyone living in the United States over the last eight years that many within that middle class have felt left behind by the policies of President George W. Bush.

Obama's goal then -- with this press conference as well as his plan to create 2.5 million jobs announced over the weekend -- is to show the middle class that he cares about them and their plight, and that his solutions to turning the economy around are not solely centered on complex business transactions to stabilize Wall Street.

"We need an aggressive economic recovery plan for Wall Street and Main Street," Obama insisted at the press conference, noting that solving problems like home foreclosures and the struggles of the U.S. automobile industry are of critical import to him and his economic team.

Can Obama sell himself as the empathetic voice of the middle class? The national exit poll suggests that he starts with a strong base from which to make the argument.

Obama won those with a total family income of less than $100,000 a year by twelve points while running even with John McCain among those earning more than $100,000. And, 57 percent of voters said that Obama was "in touch" with people like them while just 39 percent said the same of McCain.

It's important to note that some of Obama's strong numbers among middle class voters and on the so-called "empathy" question are in direct relation to the distaste that voters feel toward Bush.

In the coming months and years -- as peoples' dislike for Bush fades -- Obama will be forced to define himself on the economy as something more than just "not Bush".

What's clear from today's presser is that the sort of economic populism used by both former Sen. John Edwards (N.C.) and soon-to-be-former Sen. Hillary Rodham Clinton (N.Y.) during the presidential primaries is where Obama is headed in the early days of his Administration.

By Chris Cillizza  |  November 24, 2008; 2:00 PM ET
Categories:  White House  
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Comments

Real Brother here.

Again, there is nothing more DUMB then the same Racists, White Supremacists and Black man hating lesbians who were WRONG about him from day one trying to predict what he will do or what he's capable of doing now?

We MUST hold the Idiots accountable for being WRONG about Obama and hold their feet to the fire NOT about the nonsense they're saying now-which will be proven wrong too-but for the fact that they were WRONG about him from day one.

Why aren't we holding Idiots who were wrong about Obama(Joe Liberman)accountable by questioning their credibility?

We should.

TKCAL

Posted by: Realbrother0003 | November 24, 2008 10:08 PM | Report abuse

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wpost4112


I challenge your assertion about who is responsible for the economic mess - THE SNOWBALL OF THE CLINTON ECONOMIC DISASTER has its roots in the 1990s - no one has been able to set the economy straight since the Clinton administration took all sorts of money from Wall Street, China and Indonesia and set this diaster in motion.


Let me be clear: Any student of economics knows that economic policies take years and years to affect the actual economy of a nation.


Many times, the economic policies of one President do not take hold until the next President's term.


The Clinton administration is the one which took all the money from Wall Street and then repealed the Glass-Steagall Act.


The Clinton administration deregulated Wall Street.


The Clinton administration allowed the internet bubble to get out of control and unleashed the SNOWBALL OF THE CLINTON ECONOMIC DISASTER.


If you review the testimony of Greenspan before Congress, they were allowing the banks to push the boundaries in the mortgage business in order to cushion the effects of the internet bust.


THERE IS NO DOUBT THAT THIS MESS HAS ITS DIRECT ROOTS IN THE CLINTON ADMINISTRATION - THE SAME BUNCH OF PEOPLE OBAMA IS APPOINTING NOW.

If you want to "blame Bush" (which is all liberals have done for years), then one should be honest and say the the Bush administration was unable to clean up the MASSIVE SNOWBALL OF THE CLINTON ECONOMIC DISASTER.


Also you fail to blame the Federal Reserve which is an independent agency. You appear to want to blame Bush without sayint anything about the failings of the Federal Reserve, all the way back to the mid 1990s.

These people who only want to point a finger at Bush when he was only indirectly responsible - and CLINTON'S POLICIES ARE DIRECTLY THE CAUSE.


Unbelievable.


AND the Iraqi war - Bill Clinton should have had Saddam under control way before the situation was so bad we had to invade - that invasion was a DIRECT RESULT OF THE FAILURE OF 8 YEARS OF CLINTON MIDDLE EASTERN POLICY.


Clinton cut back our intelligence services in the Middle East until we were practically blind in the region.


AND Hillary stacked the State Department with affirmative action appointees who never ever did the job.


The State Department was a COMPLETE MESS under Bill Clinton.


A little bit of honesty is called for here.


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Posted by: 37thandOStreetRules | November 24, 2008 9:23 PM | Report abuse

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There are two things wrong, seriously wrong, with Obama today.


First, he urges action - OBAMA SHOULD BE THE ONE TAKING ACTION.


Second, his advisors are going to "monitor the situation" or "advise Obama on a daily basis"


The country needs Obama to be a great deal more PRO-ACTIVE - OBAMA NEEDS TO CALL BUSH, SIT DOWN WITH BUSH AND GET A JOINT ACTION PROGRAM TOGETHER RIGHT AWAY.


BI-PARTISAN ACTION RIGHT NOW IS WHAT IS CALLED FOR - THAT IS EXACTLY WHAT OBAMA CLAIMED HE WAS SO GOOD AT - OBAMA IS SITTING AROUND DOING VITUALLY NOTHING WHEN HE SHOULD BE DOING HIS POSTPARTISAN THING.


OH By the way, Obama did appoint a Social Secretary !!!!


not like anyone is uppity or anything like that............

The American people need bold leadership right now on the economy and what does the nation get?

A new social sectretary.


Congratulations America !!!!

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Posted by: 37thandOStreetRules | November 24, 2008 9:13 PM | Report abuse

"DDAWD - Okay, then you can't. He has broken eve single campaign promise. "

yawn...no he hasn't. You can't find one shred of evidence. Not ONE.

Posted by: DDAWD | November 24, 2008 9:02 PM | Report abuse

DDAWD - Okay, then you can't. He has broken eve single campaign promise. If lawyer's could do such things, I would start a lawsuit based on breach of contract. Before he gets done, Obama will have made a bigger mess of things than Bush. The economy is horrible right now. Six or twelve months more free trade, more jobs outsourced or given to cheap foreign workers, and we will be in the toilet. And, let's be very clear about this, Obama COULD have saved some of those jobs, at the very least. Instead, he will have blown them. Likewise, when he gets done squandering a couple of trillion dollars and the middle class is reduced to begging for food in bread lines, I will be here to remind you of those broken promises...over and over and over. You and your like minded fools can try and rewrite history, cover for Obama all you want, but it will not work in the end. He is, before even taking office, the biggest single failure this country has ever produced. That he will take you down with him provides no succor for me, because I'm on that same bus, going over the cliff. All of us are.

Posted by: mibrooks27 | November 24, 2008 8:53 PM | Report abuse

mibrooks27

I tip my hat to you, ma'am or sir. You stumped for Obama and so it wasn't b or c but a... Sorry to hear you wasted 300 of your dollars on a candidate you didn't and don't understand. If you were as "accurate" about Obama's positions when you knocked on those 1000 doors as you are now, you must have confused a lot of his supporters.
Could you do me a favor? I just reread Obama's pre-election platform on immigration at http://www.barackobama.com/pdf/issues/ImmigrationFactSheet.pdf
Funniest thing - I can't find his promise to reduce or end H1B visa's that you keep harping on about. In fact, everything he writes there show he is in favor of legal immigration. He wants to enforce laws and reaffirm America's heritage as a nation of immigrants. Try as I might, I don't see how increasing H1B visas reverses anything he says in here - so frankly, I don't feel betrayed but reassured. We need brains in America. H1B's a good way to get them.
Do your other rants against O also collapse in this way when compared to the facts? My guess is they do, but if you can come with real evidence...

Posted by: archaeoman | November 24, 2008 8:10 PM | Report abuse

Real Brother here.

DDawd I agree with you. People want to believe that Barack Obama is some kind of evil Black monster that will lie and swindle his way into the White House and them ruin his legacy and the chance of any Black Brother ever becoming President again.

Its silly, just to spite the Idiots Obama will do what's best for the Nation.

He's by far the smartest president we've ever had and as such we should trust his judgement.

If he has to change his approach as a result of the economy or world events then so be it. How DUMB would it be to ruin his presidency, his legacy? For what? Why would the smartest man alive, ruin it all?

I'm serious I want those that are suggesting that Barack Obama is stupid to tell us what he has done that would show he was that stupid.

TKCAL

Posted by: Realbrother0003 | November 24, 2008 8:04 PM | Report abuse

First, O is keeping every campaign promise (economy, Gitmo, troop pullout, etc.).

To do this, he is assembling the best and brightest Administration that the federal government has seen since John Fitzgerald Kennedy. With the sad exception of Mrs. WJC, people will be talking about his tenure 100 years from now. But you all need to wait 'til he is inaugurated -- is that too much to ask? Look, th announcement of his economic team boosted the Dow about 500 points in minutes -- how good is that endorsement? Over 5 million (the lowest estimate) will attend the O-lympic inaugural. Every hotel/motel from DC to West Virginia is totally booked up. [B]amelot is going to be great!!!!!!

Second, pssssssst. That was the sound of me spraying troll spray I got from Home Depot. There, that should clear the site of 37andO, dianne72, canoli, and the rest of the industrial strength trolls. Air smells fresher already...

Posted by: broadwayjoe | November 24, 2008 7:59 PM | Report abuse

"Okay, DDAWD, you tell us ONE campaign promise, made by Obama, that he is keeping? Hum? "

I'm asking you to recapitulate the past. You're asking me to forecast the future. A false equivalence. Look, you're an incredibly stupid person who surrounds himself with incredibly stupid people. That is why you expected something like that to work. Since it does work with the incredibly stupid people you surround yourself with. That's fine, but just be aware that most people aren't as incredibly stupid as you are and when you come on these forums, people typically aren't going to be as incredibly stupid as the incredibly stupid people you surround yourself with.

Posted by: DDAWD | November 24, 2008 7:35 PM | Report abuse

Okay, DDAWD, you tell us ONE campaign promise, made by Obama, that he is keeping? Hum?

Posted by: mibrooks27 | November 24, 2008 7:30 PM | Report abuse

"DDAWD _ just how dumb do you take us for? Today, Obama announced that he was not going to increase taxes on he wealthy. He is "rethinking" his tax cut for the middle class. Obama has changed his stance on outsourcing, NAFTA (no re-negotiation!), even closing the Guantanimo prison. Oh, and note, he is keeping the Office of Homeland Security and the entire alphabet soup of Bush's neoNazi "war on terror" apparatus."

Ok, I'll believe you, but you've got to provide ONE piece of evidence for any of this nonsense.

And I can't ever seem to find the relevant points in the links you post, so could you copy and paste them as well?

Posted by: DDAWD | November 24, 2008 7:06 PM | Report abuse

To: Mibrooks 27 and the others on this post of similar ilk.

The H1-B program is used to bring scientists, engineers and chemists and other persons with advanced degrees into the US to work in universities and research organizations. The reason the US needs the H1-B program is because our elementary and secondary education system is broken and does not produce enough people who know how to think and who can provide the innovation that has always kept America ahead of all its competitors around the Globe.

We will need the H1-B program until the education provided in the US stops producing graduates who can't think through a problem instead of scape goating people holding H1-B visas!

Be thankful that the President-elect is developing work programs that will benefit you and, if Congress agrees to provide the massive infusion in cash needed to create jobs, you will have a job developed by a person with an H1-B visa.

Posted by: ThePoliticalObserver | November 24, 2008 7:05 PM | Report abuse

"There is no reason to doubt Obama, and you damn right if he has to go back on his word and re-think some of his programs if that's what's BEST for this Nation then by all means, do it."

*sigh* I guess people tend to pay more attention to the hysterical milbrook than the cogent DDAWD.

Obama has not reversed his position on the visas. Milbrooks is quite simply lying through his teeth for who knows what reason.

Posted by: DDAWD | November 24, 2008 7:03 PM | Report abuse

archaeoman _ i don't have to prove anything to you, but I did vote for Obama. I also campaigned for him, around 100 hours, knocked on well over 1000 doors, manned a telephone banks, and donate money - $300 of my own money to be precise, plus a large jar of change...

blah, blah, blah blah blah.....

by mibrooks27


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He ain't even Pres yet.

You're like the guy who divorced his wife before he married her.

Give it a rest already.

Posted by: wpost4112 | November 24, 2008 7:02 PM | Report abuse

DDAWD _ just how dumb do you take us for? Today, Obama announced that he was not going to increase taxes on he wealthy. He is "rethinking" his tax cut for the middle class. Obama has changed his stance on outsourcing, NAFTA (no re-negotiation!), even closing the Guantanimo prison. Oh, and note, he is keeping the Office of Homeland Security and the entire alphabet soup of Bush's neoNazi "war on terror" apparatus. At this rate, in a year we will have even more troops in Iraq, more in Afghanistan, and be at war with Iran , be outsourcing jobs at double the present rate, have gun control laws, and be well on our way to becoming a dictatorship, a poor one. I'll tell you what, you tell me of ONE campaign promise that Obama IS KEEPING. Hum?

Posted by: mibrooks27 | November 24, 2008 7:01 PM | Report abuse

Real Brother here.

Again, the people knocking Obama were for the most part WRONG about Obama from day one.

Let's trust him and get over this fear that because he's Black he's inferior or has some anti-American ulterior motive.

What Obama has done in defeating Racists, White Supremacists and Black man hating lesbians was no less then remarkable. Anyone as brilliant as he can certainly make sound decisions in connection with the economy.

There is no reason to doubt Obama, and you damn right if he has to go back on his word and re-think some of his programs if that's what's BEST for this Nation then by all means, do it.

TKCAL

Posted by: Realbrother0003 | November 24, 2008 6:58 PM | Report abuse

"i don't have to prove anything to you"

You could at least provide a shred of evidence that he has changed his position on the issue. Whether or not you campaigned for Obama is immaterial and unprovable. What is obvious is that you are lying about Obama changing his position on the visa issue. You keep posting link after link with that contain no evidence to back your claims whatsoever. You understand that if you post a link, people will just assume what you're saying is true. Very clever, but it won't work on the more intellectually curious people. You've posted several links, but when I ask you to copy and paste a single shred of evidence that Obama has changed his position, you can't do it.

I don't know whether you're lying about having campaigned for Obama, but I do know that you're lying about Obama's positions.

Posted by: DDAWD | November 24, 2008 6:53 PM | Report abuse

archaeoman _ i don't have to prove anything to you, but I did vote for Obama. I also campaigned for him, around 100 hours, knocked on well over 1000 doors, manned a telephone banks, and donate money - $300 of my own money to be precise, plus a large jar of change so that other workers could feed "the meter" while others worked. For the sounds of it, you, on he other hand, sat at home and did nothing. Now, you appear out of your hole like some frightened squirrel, fearful that someone will pop the bubble and end the dream. Get over it. The dream is OVER. Change is what you will get when he and Congress get done handing out your tax dollars to Wall Street and corporate executives. You silly empty headed twit. Go look at Obama's "team". This is a celebrity list of insiders, free trade advocates, H1-B and other guest workers advocates. You are so much road kill. These people could care less about you and your family. Obama has publicly stated the exact opposite of every one of his campaign promises in recent days. You tax cut on the wealthy. Forget that. Your middle class tax cut? It's being "rethought". Outsourcing and free trade? O, we need more! The H1-B visa? He wants to quadruple them. His economic advisors? All portages of Robert Ruben who advocate deregulation, globalization, believe in that mythical "service based economy", outsourcing, free trade, and top-down economics. You, my deluded friend, have been LIED TO. I give it six months before you will be howling for Obama's head.

Posted by: mibrooks27 | November 24, 2008 6:19 PM | Report abuse

"There is no Main Street in Chicago."

But there is in Peoria, foolio, and that's where the rhetoric plays.

And his economic team is a bunch of fools and insiders.

Posted by: Tannim123 | November 24, 2008 5:21 PM | Report abuse

The rhetorical emphasis on Main Street is necessary because fixing the economy requires fixing Wall Street and the financial system (among other things). Unfortunately, many, perhaps most, Americans don't understand this. The posts to this blog to are impressive proof of that.

Posted by: wmw4 | November 24, 2008 5:21 PM | Report abuse

"This type of nonsense will change no one's mind and just makes you look stupid. And that just provides the looney fringe of the other side with undeserved ammo."

Well, it does provide a lot of us with laughter and we could all use some laughter in these trying times.

Posted by: DDAWD | November 24, 2008 5:18 PM | Report abuse

Mibrooks27

First you claim to have campaigned and voted for Obama, and now you rail against "Obama swine" and call Obama a gasbag... You do realize that you are revealing yourself to be either
a. a liar - you never campaigned or voted for Obama
b. a fool - Obama is not even in power and already you "know" he's going to do nothing he promised? That's idiotic.
c. a liar and a fool, which seems the most likely to me.
If you can't come up with anything better than what you have so far, please just stop posting. This type of nonsense will change no one's mind and just makes you look stupid. And that just provides the looney fringe of the other side with undeserved ammo.

Posted by: archaeoman | November 24, 2008 5:09 PM | Report abuse

But just so we're clear, could you copy and paste the lines that show Obama has reversed his position. My tiny little brain simply cannot seem to find them. I've allocated all my neurons for Bush worship.

Posted by: DDAWD | November 24, 2008 4:57 PM | Report abuse

Of course, the article says that Obama does intend on examining the program for abuse which seems to be what he said all along. Of course, there is no mention of Obama ever promising to end the program. There is no such statement because Obama never made such promise. You can continue to call me stupid for refusing to take your word on faith and ignoring my own personal research I've done. I mean, why shouldn't I? You're MILBROOKS!! He's just some obama guy.

But I'll trust what I've read with my own eyes over what some random person wants me to believe.

Posted by: DDAWD | November 24, 2008 4:54 PM | Report abuse

DDAWD - I guess you lying Obama swine have taken your lead from the Bushies before you. As you do not point out and as those articles show, Obama switched his position and decided to increase the number of H1-B visas. THAT is what you are referring to. But, all of this begs the point. Increasing the number of H1-B visas will displace U.S. workers, will cost hundreds of thousands of additional U.S. workers to loose their jobs. Since 2003 more than 3 million U.S. technology industry workers have lost their jobs directly due to the H1-B visa. No one is arguing that. Likewise, increasing the number of visas will cost even more U.S. workers their jobs. ANd outsourcing???!!! Encouraging even more outsourcing is going to cost God only knows how many people everything.

You go right ahead and believe in that smooth talking gasbag that defrauded the voters. I will make it y business to demonstrate what a fool you are. I give you and that fraud of your's, at most, 6 months, before the vast majority of the population wake up to the fact that Obama is an even more miserable failure than Bush.

http://search400.techtarget.com/generic/0,295582,sid3_gci1092324,00.html

http://www.networkworld.com/columnists/2006/062606musthaler.html

Posted by: mibrooks27 | November 24, 2008 4:39 PM | Report abuse

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Funny how the democrats all of a sudden care about "Main Street" after pushing through all the trade deals which have SLAMMED MAIN STREET LEFT AND RIGHT FOR YEARS AND YEARS.

Where was Hillary and Bill and the rest of the democratic party when NAFTA was passed?

Where was Hillary and Bill and the rest of the democratic party when all the jobs were sent to China ???


Where was Hillary and Bill and the rest of the deomcratic party when all the jobs were sent all over the place except kept in America ????


This ENTIRE TRANSITION IS SHAPING UP TO BE ONE COMEDY ACT AFTER ANOTHER.

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Posted by: 37thandOStreetRules | November 24, 2008 4:32 PM | Report abuse

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There is no Main Street in Chicago.


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Posted by: 37thandOStreetRules | November 24, 2008 4:28 PM | Report abuse

By the way, milbrooks, there is nothing in the link you posted about Obama promising to end the H-1B.

I'm sure it wasn't because you were assuming no one would actually follow up on what you were posting. It must have been an honest mistake.

I'll let you go ahead and post the correct link.

Posted by: DDAWD | November 24, 2008 4:06 PM | Report abuse

"Go do a quick yahoo search on "Obama H1-B visa" and the web is FILLED with articles about his promise to review that program, to end the abuse where companies simply replace U.S. workers with cheap Indian workers, his promise to END IT."

That's the problem. I did do a search (google, not yahoo) and all I could find were Obama saying that he would expand the damn thing in the short term.

Posted by: DDAWD | November 24, 2008 4:03 PM | Report abuse

I am all for standing behind a President, not like those who still haven't gotten over Gore's loss. We know you are out there!

I firmly believe that Obama said exactly what he needed to say - to get elected!
That is all I am saying, is that reality, maybe not, but it's my reality.

By the end of the primary I wanted HRC to back off, she had lost. Then the second or third Obama appeared...going centrist and pander bear (thanks Paul Tsongas)!

Maybe someday a third party will emerge and voters will have a voice in D.C.

Posted by: newbeeboy | November 24, 2008 4:00 PM | Report abuse

DDAWD - You're a fanatic, a blind idiot. Go do a quick yahoo search on "Obama H1-B visa" and the web is FILLED with articles about his promise to review that program, to end the abuse where companies simply replace U.S. workers with cheap Indian workers, his promise to END IT. Her is one from his campaign organization - http://freecheese.wordpress.com/2008/10/28/obama-on-h1-b-visa/

Then, last Sunday, he denied all of this and stated he was going to ask for four times as many H1-B visas.

Obama's support and his ability to govern will disappear faster than anything you can imagine if he thinks he can grow our way out of the economic mess we're in by "free trade". There are tens of thousands of posts today by really angry former Obama supporters. A lot of them worked for his campaign, like I did, and they are flat out furious. The new crop of Fundamentalists, the "Obama true believers", are going to find themselves in the same box as Bush's hold outs. What Obama has managed to accomplish is to guarranty that his administration will be both a failure and that liberalism will have the same flavor as NeoConservativism. My one genuine concern, right now, is that as many former supporters as possible recognize that they were defrauded and do something about it.

Posted by: mibrooks27 | November 24, 2008 3:54 PM | Report abuse

KEEP TALKING! THE MARKET LOVES IT! BUSH SHOULD RESIGN TODAY~

Posted by: FutureJumps | November 24, 2008 3:47 PM | Report abuse

Obama isn't even elected and already some of you are attempting to crucify him because he isn't the Daddy you want him to be...

It is amazing that he has assembled a team as efficiently as he has. It speaks wonders, and is a rarity for an incoming president to be so prepared.

I am curious how Obama's blue collar populist support will influence the necessities he will face with the global community.

I remain convinced he will try all means possible to be as inclusive as possible, and bring along as many Americans as he can out of this mess he has been stuck with.

Posted by: mack11 | November 24, 2008 3:39 PM | Report abuse

Yeah, stop lying. Obama never said that he would immediately eliminate the H1-Bs. Furthermore, granting visas has nothing to do with outsourcing.

You're a liar, milbrooks. Find me some evidence that Obama said that he would immediately wipe out H1-Bs.

Posted by: DDAWD | November 24, 2008 3:37 PM | Report abuse

Heerman532m - In an interview on CBS, Obama retracted his promise to end the H1-B visa and to end outsourcing jobs. He did that less than two weeks ago. Look, I don't need to be shot by a robber to fear for my life. All I have to see is them holding the gun on me! Obama has, furthermore, surrounded himself with a collection of free traders (or, as we call them "free traitors") who have been blathering on and on about using globalization to somehow grow our way out of the mess we're in... something that everyone knows was due to free trade to begin with!

So, pull your head out of your a*s and do a little thinking and reading, and quit inflicting your juvinile hope and belief that Obama is that person he campaigned as. He ain't! He LIED TO YOU! He took you for a ride. He took my money and my hopes and hard work and dreams and stomped them into the mud. Get used to it, get angry, make his ability to govern this country completely unmanageable until and unless he delivers on his promise to end outsourcing!!

And, for your reading pleasure, here is a study from Braendis University, just released today. 76% of middle income households are in danger of *failing* right now. It's a disaster and they all know it in Washington. Obama knows it and he is proposing to **increase** outsourcing, increase the number of H1-B visas and expand that program to include all sorts of other trades. This is just more of the same garbage we have had for 8 years under Bush. The only difference is, while Bush allowed outsourcing and job loss without doing anything, Obama is going to try and mitigate it with a thin and ineffectual jobs creation program -- as if creating 2.5 million low paying jobs while outsourcing 10 million good paying jobs is somehow a good idea. Idiot!
http://esciencenews.com/articles/2008/11/24/76.percent.american.middle.class.households.not.financially.secure

Posted by: mibrooks27 | November 24, 2008 3:31 PM | Report abuse

The people posting here saying they supported Obama but were misled are all TROLLS!

Obama is NOT EVEN THE PRESIDENT YET!

Yet you would somehow pass judgment?

Obama hasn't even said what he's going to do yet!

TROLL ALERT!!!

Posted by: Heerman532 | November 24, 2008 3:13 PM | Report abuse

I voted for him. I campaigned for him. And boy do I feel dumb! We would have been much better off with McCain. We voted for a populist who would stand by us instead of the corporate-Wall Street crowd and got even more of an insider than Bush. God help this country, because we're well and truly screwed now. By the time the Clinton-Bush-Obama team get done with this country, we'll b a western version of Bangladesh. Right now, I am more angry and disappointed than I have ever been in my entire life. This cad, this despicable scum bag, this two faced liar, this Bush in blackface, is our ultimate nightmare.

Posted by: mibrooks27 | November 24, 2008 3:05 PM | Report abuse

The Fix writes
""We need an aggressive economic recovery plan for Wall Street and Main Street," Obama insisted at the press conference, noting that solving problems like home foreclosures and the struggles of the U.S. automobile industry are of critical import to him and his economic team."

The crux of the issue is consumer confidence. Consumers drive this economy, but consumer income has been stagnant for a decade and job insecurity is as high as its been in decades. Clearly the ideal solution is to put more cash into consumers' hands through increased wages. The question is whether government is able to tweak our economy such that demad for employees rises such that unemployment is reduced and compensation rises. The hidden aspect of the issue is the latter factor: we need not only higher employment rates, but higher compensation rates so consumers can both pay off excessive debt and resume consumption. The last decade of consumers' deficit spending practices contributed to GDP growth. Assuming that such excessive borrowing practices have been curbed for a while, the only way we can resume GDP growth is for more cash to get into the hands of consumers, which means wage growth. In other words, this may take a while.

Posted by: bsimon1 | November 24, 2008 2:54 PM | Report abuse

Some of us who voted for HRC or Scrawny Johnny E. (in my case) are now annoyed by the fact that Obama was just trying to win the Dem. nomination with his rhetoric.

Kudos to Chris Cillizza for defining this economic populism routine and its authors!

I kept saying this chameleon (this is not racist, by the way) is a political animal and not anything that he portrayed on his way to 1600 Pennsylvania!!! Those who voted for him are going to get what they deserve and the balance of us are going to suffer what we had expected all along!!!

Posted by: newbeeboy | November 24, 2008 2:52 PM | Report abuse


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Obama is not showing any leadership - he seems content to sit around and wait while the crisis brews.


Obama has to be kidding.


First he needs to show how "post-partisan" he is and team up with Bush NOW - and get a program through Congress NOW.


Obama is good at working with the Republicans, right? That is what he said during the campaign, that he does that all time.

If Obama thinks he can sit around with essentially a "do-nothing" plan, he is sadly mistaken.


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Posted by: 37thandOStreetRules | November 24, 2008 2:25 PM | Report abuse

Why not go for a Main Street stimulus? The financial bailout is a mess, and it certainly didn't save Citi; they needed three bailouts for that. Obama will have broad support for a big stimulus.

http://www.political-buzz.com/

Posted by: parkerfl1 | November 24, 2008 2:14 PM | Report abuse

Instead of some bloated new government program, how about the Democrats fixing their past mistakes and get our jobs back. If they simply brought back the trade tariffs they removed in the 1990's and added punitive taxes on corporations and investors who outsource jobs, it would result in a flood of jobs returning and an end to outsourcing. Instead, these boneheaded fools propose to increase the number of H1-B visa and accelerate outsourcing! Since 2003, the H1-B visa, alone, has resulted in a net loss of more than 3 million jobs, more than double the number of jobs they are proposing to save with a 25 or 50 billion dollars or whatever automotive industry bailout. Ending the H1-B visa alone would immediately provide jobs for the 3 million out of work computer programmers, engineers, database administrators and programmers and electronic technicians and it wouldn't cost one cent. It would, in fact, save money because the federal government subsidizes those H1-B workers to the tune of an average of $37,000 each! Instead they and Obama, blithering idiots all, are proposing to increase the H1-B program by 400%. Three million more U.S. workers will loose their jobs in this mad payoff for the hi-tech industry's payoff for their election support.. it's more than double the number of jobs they propose to create with all of their costly new programs. It's about the same number of jobs that they are talking about saving AND creating with all of their bailout and job creation programs!!! Hey guys and gals, we're not stupid out here and we have learned to spot a scam from a mile away. Your job is to get the jobs you thru away back, to end the further bleeding of jobs, and do so as quickly as possible. Your free trade nonsense caused this economic mess, now end it or we're going to get REALLY angry.

Posted by: mibrooks27 | November 24, 2008 2:05 PM | Report abuse

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