Obama's speech he just made

sowstochd

Active member
This guy is ridiculous. He pretty much cornered senate republicans and is getting people riled up to vote for the new stimulus package. which is pork-ridden.

125 million to renovate sewers in washington D.C, 75 million dollars to get people to stop smoking, which theoretically will hurt the economy even more, i saw at least 10 million to renovate tennis courts around the country, and public pools as well, i mean come on seriously? tennis courts?

It was my understanding from his campaign that Obama was totally against "corruption, lobbyists, etc", well mr. obama how the hell do you think millions of dollars to renovate buildings and giving money to other organizations come about. This kind of thing will attract every lobbyist on K street, and im not against lobbying, its an important and significant system in our government. but just the mere spening rage that dems are going for is ridiculous. 25 million dollars to reduce alcoholism on indian reservations? ok alcoholism is bad, but lets stick to the topic here, the economy right? ohhh yeaahh. there is some good stuff like a few billion for coal companies to research clean coal etc, but then theres hundreds of millions of dollars to renovate government buildings.

And now the thing is, Obama isn't showing leadership, he doesn't have the guts to tell his own party that they aren't doing things right, and all this "bipartisan bullcrap", this isn't bipartisanship, its fake bipartisanship, now speeches like this that he just made are forcing senate republicans to vote for this package that they know is full of stupid stuff, like tonight, it was a speech "directed to the senate" that he made, so why was it at a dinner and made all public? surely he wouldn't want the public to pressure the senate to vote on the bill (sarcasm). now all of these republicans are going to get calls from their districts and whatnot asking about they wont vote on the bill, and why they're so against helping the people and whatever. Senators like Lindsey Graham from SC know exactly what im talking about, if anyone saw him speaking in senate in the past couple of days, he was pissed off and frustrated, cuz he knows this isn't real bipartisanship. So shame on the senate democrats as well for rushing the bill, take it easy, look it over and take the bullshit out, cuz they know it's in their. you don't get second shot at 900bn dollars, you cant just say o yeah we'll change that/put that in in the next one. and again barack obama with his bipartisanship doesn't want to make it seem like the democrats are divided so he just goes with everything. Geez, who is wearing the pants in this administration huh? if this continues barack obama is going to become the puppet of senate democrats for the next 4 years, and have you seen the number of senators? dems have over a 58% voting share in both houses, so they can steer bills whichever direction they want pretty much, and im sure the extra 8% will come from a few republicans who will fold to avoid not getting re-elected if Obama's bully pulpit speeches like the one he made tonight continue.

 
Keynesian economics at its finest we in for. (yoda style yea! )

let just hire people to dig holes along the side of road, then we hire more people to come along and fill them in, now PRESTO economy FIXED! 100% employment! woo! woo!

 
last time i checked thousands of workers who are being laid off in the private sector aren't looking for blue-collar jobs to fill up their days. This is worse than the mayesville road bill that kentucky proposed to andrew jackson, who swiftly vetoed it, he said, states make their own renovations, same with the erie canal. Now tennis courts and public pools, are you kidding me? at least back then it was somewhat relavent b/c of industrialization, something makes me think that the deteriorating tennis courts can wait, seems to me like a desparate attempt in a scramble to pass this bill, and things like this go unattended. Im not saying dont spend the money, just dont spend it on stupid shit like this for our sake...
 
pff are you kidding me, those are infrastructure duh! ^^^

last i saw my home state stood to get 6m for one of the ski area's to re-vamp snow making and maintenance facilities. 750k for a new skate park, lets stimulate that economy baby!!!!!!!

1.2m for a new city golf course clubhouse.

 
haha dude, I read "pork-laden" and I automatically knew I would agree with you 100000000%. This stimulus package is a fucking joke. 50 million for the national endowment for the arts-BULLSHIT

$50 million for the National Endowment for the Arts

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$15 billion for boosting Pell Grant college scholarships

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$4 billion for job-training programs, including $1.2 billion for “youths” up to the age of 24

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$1 billion for community-development block grants

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$4.2 billion for “neighborhood stabilization activities” (think ACORN)

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$650 million for digital-TV coupons; $90 million to educate “vulnerable populations”



those are some others, fucking ridiculous. The wallstreet journal has been slamming this thing forever. When it comes to money, I trust wallstreet. Obama is a genius....NOT
 
So I will attemp a rebuttle but I'm pretty tired...

Bipartasminship: Obama has 3 republicans in his cabinet.

Yes you are correct the Democrats do hold a majority in congress but so did the Republicans during the Bush Administration. Why is this bad, it is what the majority of Americans voted for?

I do not know if your facts on infrastructure are correct so I will not address them specifically but I will address the essential idea of what he is trying to do. Improving the infrastructure of America will create jobs which will in turn help the lower class of America. It will by no means fix the economy but it is a good idea obviously borrowed from FDR.

Compared to the previous economic bailout I don't see how you can complain. The 700 million brought up by the Bush Administration gave 350 million to Wallstreet which is not completely unaccounted for. On a seperate not after Obama initiated a salary cap Goldman Sachs now wants to return the money proving they obviously did not need it and merely viewed it as a bonus. Atleast Obama cares about all of America instead of just the upper 1%.

Obama is looking at history for ideas on how to make attempts at worsening the problem I am sure he realizes that time will be the only true doctor.

Oh and I am by no means an Obama dick rider many of his policies I completely disagree with I just think that this is a step in the right direction and is far better then what McCain would be doing right now.
 
Unlike FDR, Obama doesn't have a massive world war to pull the country out of this situation. All across the board, the countries top economists are expressing their mutual misgivings over this thing. I forgot to mention the money obama wants allocated to STD education, quit-smoking campaigns and education, and the building of parks and bike paths. God, without STDs, the economy will flourish!
 
i hate this whole situation.............

i get so incredibly frustrated with what is included in this proposal. billions to limiting smoking, drinking, STD's, improving tennis couts / swimming pools, all combined with the recent adoption of california's retarded fuel efficiency proposal which will only drive the auto industry into a deeper shitpile and drive up gas prices and taxes.

does anyone actually know what this package will cost us? its not like we can just blow this much cash and it will all be ok in a few years. if the billions of dollars is evenly spread across the entire population of the US, which of course it will not be, each and every man, woman, and child would owe 6K+.

dope, i love taxes.
 
I just think it's funny that Christina Romer did work looking at the multipliers for taxes and fiscal stimulus and found that stimulus has a multiplier of around 1.4 while taxes have a multiplier of around 3.

Either Obama isn't listening to his advisers (Romer) or they have been politically swayed. Virtually the only prominent economist that believes the fiscal stimulus is a great idea is Paul Krugman, and I don't think you need to look very hard to discover which way he leans.

 
i could have sworn i read the funds weren't allowed to be spent on tennis courts, pools and golf courses. there were a few more things too?

 
There are faults but you are overlooking the basic principle of creating jobs to help the people of the nation.

There will be a giant war in the near future if you ask me. Tensions in the middle east have always been very high but right now it is at a critical point. Also the current water situation in the Middle East will also heighten tensions between those countries.

I do find it ammusing however that he is putting so much towards quitting smoking campaigns as he is a smoker himsef.
 
hahahah owned?

you gotta post a link up to this...

like i said, let just pay people to dig holes, and then pay other people to fill them back in, right?
 
I find it downright hilarious that McCain ran on tax cuts and lost badly, and then Republicans immediately begin whining that Obama isn't governing like John McCain.

Infrastructure building is simply a great idea because it achieves more than economic assistance. The US power grid is in very sore need of modernization. The ports need significant upgrades. Transportation needs to be more efficient. Countries like China are pulling way, way ahead of you guys in a ton of these areas because while republicans were cutting taxes over the last decade, they were improving the status quo in their country.

Your way didn't work, you screwed up for 8 years and lost an election in what could reasonably be described as a landslide. To continue to insist that it's the only possible course of action is, as mentioned, downright hilarious.

Of course, it's also politics, so if this doesn't work republicans can pull the "I told you so" card, and if it does, they can claim it wasn't because of what Obama did and that their way would have worked soooo much better!
 
you cant just say that. sure it wasnt the new deal solely, but its not like it didnt do anything for the economy.
 
meh. debatable. but i dont feel like this tonight, so ill just leave it. but as i said. the war was a huge part of it, but the new deal helped
 
Actually winning the war didnt have anything to do with it.

It was more along the lines of selling an enormous amoung of arms and supplies to European countries that were fighting.
 
fail? all i ever hear out of Obama's mouth was a "middle class" (which is a joke in and of itself) TAX CUT.

And in case you havent been paying attention Obama has really backed off raising taxes on the damned top 5%...
 
On a somewhat unrelated note everytime the Republicans cut taxes they borrowed money from foreign countries like China. For some reason the public didnt question how it was possible to cut taxes and simultaneously increase government spending.
 
PARTS. from what ive read, the parts that caused problems really arent a part of the current plan.
 
first of all i am not against improving infrastructure, yes its important to modernize and all that. But our economic strains are not caused because the steps on the dep. of agriculture have moss growing on the side of them, nor are they caused because the sewer system in Washington isn't as efficient as it could be. suddenly we start paying attention to infrastructure and use it as an excuse to to spend all this money? if we are going to do this then we better do it right and spend money on the things that need spending. This plan needs to be more comprehensive, we are literally throwing billions of dollars at programs that we're not even sure how to run. And i understand it will create some jobs, but whose going to head all of these infrastructure programs? honestly it takes a long ass while to build things, obama projected that these jobs created will start being felt around 2011. if we are going to create programs like this, i say we create government sponsored businesses who can employ the people who have been laid off b.c of this whole thing, people still have their talent, they just need something to do.
 
If we could just "create" jobs America would be 100% employed. Use your head man, do you think there is just money floating in the air to hand out to all these jobs? Of course not, that's why Rocko-Bomb is going to start up that printing press. If that was true we would have perfectly maintained cities and everyone would get paid.
 
J.D., without further dissecting your argument I would just like to point out that the main direct cause of the credit crunch (and therefore the recession) was subprime mortgage lending urged by the Clinton administration.

Information on the money multipliers:

http://www.cnbc.com/id/15840232?video=1013099152

Harvard professor Greg Mankiw's blog (a great resource on learning more about economics...which evidently a lot of you should do):

http://gregmankiw.blogspot.com/
 
I was not saying that was the exclusive cause at all. I was just trying to point out that it isn't really George Bush's fault we are in this mess.
 
liberals forcing banks to give out home loans to people who obviously did not qualify and could never hope to pay.
 
Honest question; Do any of you have an idea of how much 2,798,000,000,000,000 is? I really can't fathom the size of it.

to start It's our budget for this year

I'm really trying to imagine it here; Let's try some relations;

2.789 trillion seconds = 88,665,163 and 1/2 years

2,798,000,000,000,000 inches would go to the moon and back 87,589 times

2,789 billion three-sixties is 7,747,222,220 rotations

didn't really help me

if i don't know what we're working with, how can i really know what these allocations of our budget mean? Can any of you economy boys spell it out for us, show us the equations that make 2.789 trillion understandable?

While i remain ignorant of the actual truth of the situation i at least have the hope that most propositions have good intent behind them. From what's been listed here at least i can think of a good explanation for most... some, like DC funding, i recognize as objectionable. But, i can understand why the place where all the law makers are, gets preferential treatment

If this shits the bed and the worst of the worst happens, we can all celebrate, it was a totally fucked system anyways. We'll finally have something interesting happen to us and shake us into shape.
 
Sorry, let me expand:

I would love to hear at least two reasons George Bush directly caused this recession. Please.
 
for one. his administration actually helped to STOP regulations that would have begun to reverse the predatory lending. i have an article somewhere, i gotta find it.
 
Where, Mad Magazine?

If I recall correctly, conservatives were the ones calling for an end to the subprime lending.
 
and bush was a failure of a conservative for one. in fact he was pretty much just a failure, period. but no, from a legitimate source. not sure im even gonna bother though, after that smartass comment im sure your next line will be some pathetic whining about "oh the liberal media"
 
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