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 Obamanomics Article ~ Let the people whine ~ Obama on ethics ~ Politifacts

" ...but no, its curious that every time the government says 'we're stepping in because otherwise the market will collapse' they step in and the market colapses?" - Ann Coulter

Friend -- Today, I signed the American Recovery and Reinvestment Act into law. This is a historic step -- the first of many as we work together to climb out of this crisis -- and I want to thank you for your resolve and your support. You organized thousands of house meetings. You shared your ideas and personal stories. And you informed your friends and neighbors about the need for immediate action. You continue to be a powerful voice for change throughout the country. The recovery plan will create or save 3.5 million jobs, provide tax cuts for working and middle-class families, and invest in health care and clean energy. It's a bold plan to address a huge problem, and it will require my vigilance and yours to make sure it's done right. I've assigned a team of managers to oversee the implementation of the recovery act. We are committed to making sure no dollar is wasted. But accountability begins with you. That's why my administration has created, a new website where citizens can track every dollar spent and every job created. We'll invite you and your neighbors to weigh in with comments and questions. Our progress will also be measured by the tens of thousands of personal stories submitted by people who are struggling to make ends meet. If you haven't already, you can read stories from families all across the country: Your stories are the heart of this recovery plan, and that's what I'll focus on every day as President. With your continued support, we'll emerge a stronger and more prosperous nation. Thank you, President Barack Obama

As Obama signed his $787 billion stimulus bill and automakers scrambled to come up with restructuring plans, the Dow Jones industrial average closed down 297.81 points, or 3.79 percent, at 7,552.60 — just 31-hundredths of a point above its post-meltdown Nov. 20 close of 7,552.29, which was its lowest close in five-and-a-half years. --- "The government has their hand on the tiller. They're steering. And that's the problem — the markets are not confident the proper course has been set yet," said Henry Herrmann, chief executive officer at investment management firm Waddell & Reed.

End Wasteful Government Spending: Obama and Biden will stop funding wasteful, obsolete federal government programs that make no financial sense. Obama and Biden have called for an end to subsidies for oil and gas companies that are enjoying record profits, as well as the elimination of subsidies to the private student loan industry which has repeatedly used unethical business practices. Obama and Biden will also tackle wasteful spending in the Medicare program. - copied from 2-13-9

Obama, addressing a White House group, noted that lawmakers had a "spirited debate" and said the legislation is "only the beginning" of what he considers necessary "to turn our economy around." The president did not get all he wanted out of the bill.

"We have a once in a generation chance to act boldly, turn adversity into opportunity, and use this crisis as a chance to transform our economy for the 21st century," the president said.

Obama economics adviser Larry Summers cautioned against raising expectations too high.


"I intend to keep my promise" - Obama 2-9-9 speach in Elkhart IN

Artice about Obama spreading fear if he doesn't get acceptance of the spending bill Article "Democrats and Republicans came together in the Senate and responded appropriately to the urgency this moment demands," Obama said in his weekly radio address.-"The scale and scope of this plan is right, and the time for action is now," Obama said in the radio address. "If we don't move swiftly to put this plan in motion, our economic crisis could become a national catastrophe."

Article of Obama complaining about Bush's high national debt

Article Noting that the Congressional Budget Office had just estimated he would inherit a $1.2 trillion federal deficit for fiscal 2009, Obama promised to cut unnecessary spending.

“The cost of our debt is one of the fastest growing expenses in the federal budget. This rising debt is a hidden domestic enemy, robbing our cities and states of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. . . . If Washington were serious about honest tax relief in this country, we'd see an effort to reduce our national debt by returning to responsible fiscal policies." Coppied from 2-13-9

WASHINGTON -- President Obama warned Republicans on Capitol Hill today that they need to quit listening to radio king Rush Limbaugh if they want to get along with Democrats and the new administration. -

President Obama shot down a critic with a simple message. "I won," he said, according to aides who were briefed on the meeting. "I will trump you on that." -

From Rush

  RUSH: This Geithner, the guy that's been appointed Treasury secretary, failed to pay his taxes and his nanny's taxes, too. --- He didn't pay his taxes!  He was audited by the IRS.  Now one of the things about this that's curious to me, he worked at the IMF, the International Monetary Fund and apparently when you work there you're an independent contractor, you are self-employed, as such, there are no tax deductions, you are paid the gross.  Thus it is up to you to file quarterly estimates.  

He didn't do this for a number of years on the basis that it just slipped his mind? That he wasn't aware? The guy ran the New York Federal Reserve. He is said to be the only guy that can run the Treasury department to bail us out of all the problems that we're in, and he doesn't know about -- I just find this hard to believe. Forgot it?

The nanny thing is one thing, that's equally as problematic, but the thing about this that gets me is that he's getting a pass and claimed not to know he had to pay taxes on gross income.

The education nominee cannot speak proper grammar. The Treasury nominee doesn't pay taxes. The secretary of state (Hilary Clinton) voted for a war that she opposed

So she's out there saying she's going to have a "smart" foreign policy, incorporating her words and Kerry's word. The nominee for attorney general worked in the pardon office, and he didn't know anything about who was pardoned supposedly. That's Eric Holder. Hope and change? We've got more scandals here during the transition than most presidencies have in one term, and now we've got this.

"Obama's top terrorism and intelligence adviser, John O. Brennan, heads a firm that was cited in March for breaching sensitive files in the State Department's passport office, according to a State Department Inspector General's report released this past July. "The security breach, first reported by the Washington Times and later confirmed by State Department spokesman Sean McCormack?, involved a contract employee of Brennan's firm, The Analysis Corp., which has earned millions of dollars providing intelligence-related consulting services to federal agencies and private companies. During a State Department briefing on March 21, 2008, McCormack? confirmed that the contractor had accessed the passport files of presidential candidates Barack Obama, Hillary Rodham Clinton, and John McCain?, and that the inspector general had launched an investigation. Sources who tracked the investigation tell Newsmax that the main target of the breach was the Obama passport file, and that the contractor accessed the file in order to 'cauterize' the" Obama file, to make sure that whatever was in there was bottled up so that anything damaging didn't get out. He's got a political guy over at CIA politicizing that place.

This is going to be fun, hilarious to watch play out, folks, and we're going to be watching every minute.

RUSH: By the way, the environmental czar, the global warming czar that Obama has picked is Carol Browner. She dates back to the first Clinton administration. She's married to Tom Downey, former Congressman from New York, huge lefty. She's a member of the Socialist International ... a giant group made up of socialist parties from countries around the world, and she's in charge now of the environment under the Obama administration.

"Mrs. Clinton said, 'We must use what has been called "smart power,' the full range of tools at our disposal.' She advocated a mix of diplomatic economic military, political, legal, and cultural strategies."

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Page last modified on April 06, 2009, at 12:13 PM EST