President Barack Obama delivered a speech today over radio, television and the internet regarding the urgent need for his economic stimulus package. Obama plans on delivering weekly addresses to the American people on each Saturday for the foreseeable future.
On Saturday morning, Obama addressed the nation in order to promote his $825 billion economic stimulus package. He stated that the economy is currently in a dire situation and requires urgent action to avoid a prolonged recession. According to Obama, his stimulus package will bring over two million jobs to ordinary Americans, who are currently facing the prospect of a double-digit unemployment rate this year.
Obama also announced the creation of a new website, www.recovery.gov, which will provide details on how his administration will spend the enormous stimulus package. According to Obama, the website will be a part of his plan to create a more transparent government.
Regarding the $825 billion plan, to quote Obama: “This is not just a short-term program to boost employment. It’s one that will invest in our most important priorities like energy and education, health care and a new infrastructure that is necessary to keep us strong and competitive in the 21st century.”
The key to the new economy, according to Obama, is clean energy. Obama plans on investing in biofuels and alternative energy industries to promote job growth. Under his administration, we will supposedly have 2.5 millions homes “weatherized,” and 10,000 “modernized” schools.
Obama’s stimulus plan is a tough pill for conservatives to swallow. As reported by Michelle Malkin, only a tiny proportion of the stimulus package will actually reach the economy this year. Given how slow the government moves, the vast majority of the $825 billion spent under the plan will not reach the American taxpayers until 2010. By then, according to most economic forecasts, the recession should be over.
Thus, we could be facing a nice trillion dollar deficit for a stimulus plan that won’t help us until AFTER the recession. Does that sound like a good idea?
You can see full video of Obama’s weekly address below:
Obama Weekly Address
January 24th, 2009 at 1:14 pm
“This is not just a short-term program to boost employment. It’s one that will invest in our most important priorities like energy and education, health care and a new infrastructure that is necessary to keep us strong and competitive in the 21st century.”
Another thing that Michelle mentioned thats not being put out there is that most of this money will be directed to brown skinned labor.
“On his blog, Robert Reich reasoned “if construction jobs go mainly to white males who already dominate the construction trades, many people who need jobs the most — women, minorities, and the poor and long-term unemployed — will be shut out.”
The closer you look at this its just another wealth redistribution scam in place of selective taxation.
January 24th, 2009 at 1:29 pm
Let’s add wind-mill design and development to all public school curriculums!
January 24th, 2009 at 3:24 pm
I’m nervous about all the debt. But what else can be done? Even if the stimulus fails to jump-start the recovery, infrastructure is crumbling around the country. States and local municipalities have been putting off badly needed repairs for the last couple of years to try to maintain budgets. The lag time may be a few years, but a renewed infrastructure can’t possibly hurt the GDP.
January 24th, 2009 at 3:35 pm
He’s going to get all his pet projects funded on the backs of hard working Americans under the guise of ‘economic recovery’. We are in for a long hard ride.
January 24th, 2009 at 3:42 pm
Let’s see, week one shut down the intelligence gathering necessary to keep America safe AND introduce a plan to bankrupt the country with boondoggle socialist spending disguised as stimulus. Not bad at all.
January 24th, 2009 at 5:27 pm
A decision full of wisdom would be to help those who borrowed money to go to college and who are now employed by the government. Paying off their debts as well as similar acts would most appreciated.
January 24th, 2009 at 5:40 pm
Sounds good to me. Give the man a chance. It took 8 years to mess it up, I say we give hime more than a week to try.
January 24th, 2009 at 7:48 pm
This guy is going to drive us straight into a depression I can feel it. When Carter first took office he raised spending and lowered taxes. In the same exact fields renewable energy, education, and bad healthcare plans that raised the of medicine 97%. He has the exact same strategy as Carter to help the economy. We don’t need more roads, his energy plan is a joke, and we should end minority scholarships not giving them.
January 24th, 2009 at 8:14 pm
Andy.
I want to know where you guys are getting this crap from that our economy was messed up for 8 years.
Anyone with access to charts reflecting the GDP, growth and other sectors would know you guys are full of it.
Did you forget the amazing recovery after 911 as a result of Bushs initiatives or what shape it was in right when he started his term ?
Are you aware that the housing bubble that was mostly resposible for the collapse was spawened of the democrats ?
Are you aware that the collapse happened right after the most uselss congress ever led by Nancy Pelosi came into play ?
The man is blowing it.
The first half of the stimulus plan went god knows where and now this half we only think we know where its going.
January 26th, 2009 at 12:00 pm
[...] at 7.2, but that number appears certain to rise in the coming months. Meanwhile, as we reported here, Barack Obama urged the American people to support his $825 Billion stimulus plan on Saturday, [...]
February 3rd, 2009 at 1:59 pm
[...] for the stimulus plan appears to be fading fast. As we reported here, many believe that the stimulus plan won’t reach American taxpayers until it’s too late [...]
February 5th, 2009 at 9:50 am
For the past 40 years The Tree of Life Bookstore of Harlem has DEMONSTRATED a NEW Education paradigm that I would like to share with President Obama. We hsve resolved 5 innercity challenges: 1]School Dropouts; 2]Drug Abuse; 3]Crime & Violence; 4]Prison Inmate Rehabilitation and 5]Creation of Innercity Entrepreneurs.
I am waiting for your response.
Kanya Vashon McGhee, Founder & Director
http://www.BlogTalkRadio.com/Kanya
February 5th, 2009 at 11:35 pm
Great ! I will add this to my bookmarks. TY
February 17th, 2009 at 10:27 am
I find it funny how there are money for wars and banks, this is small stuff. Bank of Amer got 45 Billion. always money for banks, and bonus’ and L3. No one talks about national debt that W had doubled.
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