By Caitlin Taylor

Feb 17, 2009 11:49am

The President’s Tone

Expect President Obama’s language today to shift tonally from urgency to optimism, as he signs the stimulus bill into law at the solar panel installation at Denver’s Museum of Nature and Science. It’s an optimistic location — he’ll talk about new green jobs — for legislation he has said is necessary to avoid a "national catastrophe." And thats been a line — between alarm and optimism — the president has struggled to walk. "I’m constantly trying to thread the needle between sounding alarmist but also letting the American people know the circumstances that we’re in," the president told Nightline last week. Or, as he put it in Fort Myers, Florida: "I believe in hope, but I also believe in doing something!" It’s been a challenge — conveying urgency to prod action while simultaneously avoiding a panic. Historians say so far Mr. Obama’s oratory has helped where his actions have been wanting. "You see Obama sputtering a lot in January and February 2009," historian Douglas Brinkley told us for Good Morning America today.  "It"s his rhetoric that keeps saving him." The president is of course a student of history. And while he has praised how Ronald Reagan was able to make America feel good again, aides say the president whom Obama is most guided by these days is Franklin Roosevelt, in particular the fireside chats. President Obama admires FDR’s ability to explain problems so the average Amercian could understand them and feel confident a solution was coming. But Mr Obama may have a ways to go in his pitch before he can credibly claim the oratorical mantle of FDR. "It’s a kind of new federalism going on," Brinkley says, "a new belief in government. But I do think it needs to be packaged a little bit better so it’s not just an argument of ‘what company should we bail out?’" FDR when writing his speeches would think of a workplace where one man was painting a ceiling, another fixing a car, and a third sat at a cash register.  He purposefuly tried to tailor the speech to them. President Obama reads some of the emails sent to the White House from american who are struggling. Aides say it helps him focus on the nature of these problems. – jpt UPDATE: Rep. Mike Coffman, R-Colo., issued a statement today saying, "Now that the stimulus bill has passed, my hope is that the President will now focus on inspiring confidence in the economy instead of the fear he promoted in order to get it passed." UPDATE 2: While typing this on my blackberry as the plane landed here in Denver, I accidentally did not capitalize the president’s last name in the 8th paragraph. That has been corrected.

User Comments

I suspect Obama’s rhetoric will turn to optimism in an attempt to (now) boost consumer confidence.
Keeping people frightened suited his purposes before the bill was passed.
Now that it is passed, he needs to start urging us out of the bunker mentality he wanted us to have.

Posted by: MayBee | February 17, 2009, 11:54 am 11:54 am

FDR probably wouldn’t have crossed Congressman Conyers to side with Karl Rove on secrecy.
Obama’s a stammering fraud who’s enriching the corporate class while gulling “the people” into squealing for Him at rallies in the hinterlands.
If this isn’t fascism, it’d be interesting to hear WHY it isn’t.

Posted by: "Watch for Asteroids" | February 17, 2009, 12:00 pm 12:00 pm

jpt:President Obama admires FDR’s ability to explain problems so the average Amercian could understand them and feel confident a solution was coming.
======
Also, it isn’t his rhetoric he needs to work on if this is his goal. It’s the solutions he comes up with.
People won’t feel confident a solution is coming if keeps doing what he did with Geithner.

Posted by: MayBee | February 17, 2009, 12:04 pm 12:04 pm

Is Obama truly so ignorant of history that he’ll mention FDR today? Even FDR’s Treasury Secretary famously said, 8 years into the depression that throwing money at the problem didn’t work and made things worse.

Posted by: Peach | February 17, 2009, 12:07 pm 12:07 pm

“The president is of course a student of history.”
——————–
It is impossible to know whether or not the president is a student of history. His transcripts have not been released.

Posted by: mad | February 17, 2009, 12:19 pm 12:19 pm

LOL, mad. So true.
Apparently he doesn’t want to release those transcripts because he believes in transparency. /s

Posted by: Peach | February 17, 2009, 12:20 pm 12:20 pm

Obama is a Marxist-Socialist bent on destroying the country as we know it. Lots of people who voted for this FRAUD had no idea what they were getting. I hope they find out and are happy!

Posted by: USA | February 17, 2009, 12:26 pm 12:26 pm

LMAO the BIG ears in the cartoon fits.. Obama is nothing more than a big cartoon

Posted by: DOH-bama Cabinet of Corruption | February 17, 2009, 12:27 pm 12:27 pm

It’s not working, the Dow is down nearly 300 points today????

Posted by: as if | February 17, 2009, 12:30 pm 12:30 pm

So then, the word “Federalism” now has a new obamameaning?

Posted by: smith | February 17, 2009, 12:31 pm 12:31 pm

I might be the last person that reads this site but doesn’t listen to Rush, but I think it frowned on by everyone else to not capitalize the presidents name… you have “obama”…kinda of like I type “tapper”…

Posted by: Fox News Light | February 17, 2009, 12:32 pm 12:32 pm

“The Washinton Post reports that the stimulus bill has a provision for a Recovery Accountability and Trancparency (RAT) Board that can tell Inspectors General NOT to investigate fraud.”
Hmm: check out “Notropis Notes” at wordpress, which was all over Porkulus, including the RAT board, weeks ago.
–> Too darn bad the WashPost is just NOW relaying the info … can He be restrained from signing Porkulus (now that Congress-people who can count on a calendar know the “Performance Officer” position was for the RAT Board)?
Congresspersons who voted FOR this crap might NOT have, had they known WHAT they were voting for: Porkulus is the budget equivalent of the Patriot Act.

Posted by: "Watch for Asteroids" | February 17, 2009, 12:35 pm 12:35 pm

The country suffers from Munchausen-By-Proxy Syndrome combined with Stockholm Syndrome.
Obama has made us ill. All he ever had to tell us was how horrible things were. I still wonder how bad things would have been had he simply shut the heck up.

Posted by: drjohn | February 17, 2009, 12:35 pm 12:35 pm

–” he’ll talk about new green jobs “–
————————-
After he flies an enormous plane an enormous distance for a photo op…
This is a poor example of green behavior and fiscal responsibility.

Posted by: mad | February 17, 2009, 12:35 pm 12:35 pm

Expect President Obama’s language today to shift tonally from urgency to optimism,
>>>> So which is the LIE the one he told to get the bill passed or the ones that he is telling now that he got what he wanted. ROFL..
I am sorry America I voted for Obama.
I didnt mean to hurt you so.

Posted by: ChicagoBob | February 17, 2009, 12:35 pm 12:35 pm

You all are funny. I come to these posts for my humor of the day. I am not disappointed.
Thank you!

Posted by: KayCee | February 17, 2009, 12:36 pm 12:36 pm

Its all better I bribed everyone I know.
Obama off mike. ROFL..
Those fools who practice religion think I believe in God.

Posted by: ChicagoBob | February 17, 2009, 12:39 pm 12:39 pm

This economic problem is deep and is going to take time.
People need to be patient. It took 8 yrs to create the problems but now people want to solve it in 8 weeks. It ain’t gonna happen no matter what Obama does. Please reserve your judgement until next year. If Obama hasn’t solved the economic problem, then there will be a new President in 4 years.

Posted by: MAQ | February 17, 2009, 12:41 pm 12:41 pm

He was not instilling fear into the American people. He was stressing to the Republicans who were arguing for their agenda (more big business tax cuts & not coming to a comprimise after Obama agreed to allow more tax cuts, just not as much as they wanted) that there is an urgent need to act NOW and not wait until things spiral further out of control by playing political games. Every since Obama was elected & before he was working with his team for an economic stimilus. Yes, once Pelosi got it she started adding crap to it that would not be a help but all that has been trimmed out of the plan.
Now, all of you that are whinning would be doing the samething even if he was doing nothing. At least he is trying to do something.

Posted by: umm | February 17, 2009, 12:41 pm 12:41 pm

“I think it frowned on by everyone else to not capitalize the presidents name…”
Au contraire: in fact, we delight in spelling it backwards, “a-mab-o”, perhaps transposing the second a and the o to yield a-mob-a.
Besides, the poster was coining a word, “obamameaning”, which CERTAINly requires no capitalization.

Posted by: Capitals Police | February 17, 2009, 12:41 pm 12:41 pm

Well consumer confidence in the toilet, the DOWN at 7500.. WELCOME to the OBAMA years. The sky has fallen. a 14 trillion dollar economy sent into the toilet.

Posted by: ChicagoBob | February 17, 2009, 12:43 pm 12:43 pm

@Capital Police.
I don’t care the trolls write, Tapper (tapper) in the article didn’t capitalize the presidents name. I guess he once again wants to get in the good graces of Rush and Matty.
8th paragraph

Posted by: Fox News LIght | February 17, 2009, 12:46 pm 12:46 pm

Obama’s words weren’t fear, they were TRUTH.
In fact, the situation is even more dire than has been discussed.
The American People have been lied to long enough… it’s great that we finally have an administration that will tell it like it is.

Posted by: Tom | February 17, 2009, 12:47 pm 12:47 pm

jpt writes:
Rep. Mike Coffman, R-Colo., issued a statement today saying, “Now that the stimulus bill has passed, my hope is that the President will now focus on inspiring confidence in the economy instead of the fear he promoted in order to get it passed.”
“Bipolar Barry” dolls should be on sale by Friday.
put Obama’s Porkulus RAT Board in search engine: “Recovery Accountability and Transparency Board”
Democrats who voted for Porkulus will — if they don’t ALREADY — rue the day, as they did with the Patriot Act.

Posted by: "Watch for Asteroids" | February 17, 2009, 12:48 pm 12:48 pm

ChicagoBob:”WELCOME to the OBAMA years. The sky has fallen. a 14 trillion dollar economy sent into the toilet. ”
It is simply amazing how ignorant you seem to be of the condition of the economy at the end of the Bush years. Fact: The housing bubble occurred entirely under the Republicans (inflation adjusted average home value in 2000 equaled the 1989 level; the bubble peaked in 2006). Fact: The banking crisis happened on Bush’s watch.
Your opinions just can’t be given much weight when you seem to have no grasp of reality, just a blind hatred of Obama.

Posted by: jhw539 | February 17, 2009, 12:48 pm 12:48 pm

It took 8 yrs to create the problems
=====
Where does this magic number of 8 years keep coming from?

Posted by: MayBee | February 17, 2009, 12:48 pm 12:48 pm

“It took 8 yrs to create the problems but now people want to solve it in 8 weeks.”
What a crock.
The economy was doing fine until the Democrats took the reins. I love how Obama constantly whines about “inheiriting” this bad economy, as though he just fell off a turnip truck and became President.
How many of these budgets did he vote for? Obama seems to forget that he’s been in the Senate for four years.
Then again, all he ever did was run for President.

Posted by: drjohn | February 17, 2009, 12:49 pm 12:49 pm

We just assured China of their future spot as the #1 world power thanks to this “stimulus bill” loan. I would like to know why nobody is accusing President Obama of fearmongering….he compared the economy to the great depression to scare everyone from questioning this hastily formed gov’t power grab. We have approx 7-8% unemployement as compared to 25% during the depression and several banks have folded as compared to several thousands of banks during the depression. Recessions are a normal cycle of our economy and we would have rebounded without such a massive spending bill. I’m not saying we should do nothing but spending over $1,000,000,000,000(after interest) wasn’t necessary, which is why most of the money really has nothing to do with stimulating the economy!

Posted by: curt | February 17, 2009, 12:50 pm 12:50 pm

“Tapper (tapper) in the article didn’t capitalize the presidents name”
Unlike “obamameaning”, lower-casing His holy name above presumably is a typographical error.

Posted by: Capitals Police | February 17, 2009, 12:52 pm 12:52 pm

jhw539: Get a history book, read up on the economic changes implemented under Carter.

Posted by: Interested08 | February 17, 2009, 12:53 pm 12:53 pm

mad:”After he flies an enormous plane an enormous distance for a photo op…
This is a poor example of green behavior and fiscal responsibility.”
This is absurd. The president getting out into the country – the whole country, not just the Eastern seaboard – he is governing is part of the job and Air Force One is how it is done. Next you’ll be bemoaning the waste of energy caused by having our soldiers fire guns at harmless paper targets during training.

Posted by: jhw539 | February 17, 2009, 12:53 pm 12:53 pm

jhw….the housing collapse was due to deregulation which started under Clinton and continued under Bush. This isn’t the fault of one party or the other, but a combination of the two. Nobody on either side ever raised any concerns but now they want to use it to blame the other side. Somewhere along the way our gov’t decided that everyone should own a home, regardless of their ability to afford it and the mortgage brokers/banks took advantage of the deregulation by selling mortgages to anyone and everyone with a pulse.

Posted by: curt | February 17, 2009, 12:55 pm 12:55 pm

MayBee:”Where does this magic number of 8 years keep coming from?”
In 2000 the federal budget was in surplus. Look up Bush’s first press conference in 2000 – he was touting his plan to give back the federal surplus to the taxpayers (and he did ultimately send out checks to everyone). This is documented reality and the impetus to his tax cuts.
There was also no housing bubble. The average price of a home was the same as in 1989 when adjusted for inflation.
Both of these are facts. What are the facts suggesting that the economy was in bad shape when Bush took over?

Posted by: jhw539 | February 17, 2009, 12:56 pm 12:56 pm

Some of you might want to consider getting your history from a source other than Fox. From the crash of ’29 Hoover’s policies of budget cuts, tax reductions, and refusal to help banks free up money led us to the worst economic catastrophe in our country’s history. The depression peaked in 1933 with the GNP and manufacturing indexes off by 50%, and unemployment at 24%. FDR took office in 1932, and by 1937 the GNP and manufacturing indexes had passed their pre-crash levels and were still growing while unemployment was down by more than half. While the depression wasn’t “over” by 1937, 5 years of tax increases and accelerated spending had led us most of the way out. Many claim it wasn’t the new deal that ended the depression it was WWII. The only real difference between the New Deal and the war effort, was even greater spending and higher taxes than FDR could get the public to accept before the war. Basically it was the New Deal on steroids.
Obama, being a student of history, is aware of this. Even Bush realized we had to do something. Rush & Fox, not so much. I don’t think they really concern themselves with details like history, or facts.

Posted by: Rob | February 17, 2009, 12:58 pm 12:58 pm

Of course he is optomistic now! His boys are getting paid. Next up, the UAW!

Posted by: Nobama | February 17, 2009, 12:59 pm 12:59 pm

“Historians say so far Mr. Obama’s oratory has helped where his actions have been wanting.”
———————–
Ahhh, the classic “Do as I say, not as I do.”
And historians are taking note.

Posted by: mad | February 17, 2009, 1:01 pm 1:01 pm

Interest08:”jhw539: Get a history book, read up on the economic changes implemented under Carter. ”
Perhaps you can be more specific: In what was is Obama acting more like Carter than Bush or Clinton did? I haven’t noticed an increase in the payroll tax. He doesn’t seem big on deregulation. I haven’t noticed any sweaters in the oval office. No windfall profit tax has materialized, and price controls have been regularly dismissed.
Just shouting “He’s like Carter!!!1!1!!” is not very compelling. Do you have any specific similarities in policy at all? Or do you just want to compare him to a failed Democratic president and grabbed the first one you can remember?

Posted by: jhw539 | February 17, 2009, 1:02 pm 1:02 pm

Obama has free reign to con us, cajole us, frighten us in spite of the facts, as he has a complicit mainstream media that echo his every utterance as greatness. Why do you suppose the media failed to report that the Pelosi, newly hired CBO, reported that the stimulus would actually prolong the recession. Why did they not report that the CBO also advised that republicans offered a bill costing 1/3 of Obama/Pelosi/Reid bill and would produce twice as many jobs.
As long as Obama is permitted to proceed in a bubble of protection the destruction to our economy and parade to euro-socialist model, and along with that their many years 10% unemployment rate and 70% taxes, will proceed unchecked.
This is not a team sport. These messianic decisions are causing real and long term damage to this country.
Just as they failed to report the true causes of the housing collapse, videos of congressional hearings of democrats fighting fannie/freddie reform abound. Even the laziest journalist protected their team on this issue.
I understand we will soon be treated to another assualt on the facts, revisionist history version, of the housing crisis and economic collapse by the “slobby” (per Bush Sr. ) Michael Moore. This will be treated as though historically accurate by the media and further condemn this country to the downward spiral we are in. Now I know I just took a wild guess that Moore will blame Bush for the state of the economy and completely avoid even a hint of democrat responsibility.

Posted by: MMover | February 17, 2009, 1:03 pm 1:03 pm

Fact: The banking crisis happened on Bush’s watch. Posted by: jhw539 | Feb 17, 2009 12:48:46 PM
_________________________________
Fact: The banking crisis was created on Cater’s watch. The banking crisis was exacerbated on Clinton’s watch.
The Community Reinvestment Act.
Synopsis: Loan the money or you won’t bank.

Posted by: Kathryn So | February 17, 2009, 1:04 pm 1:04 pm

jpt writes:
“You see Obama sputtering a lot in January and February 2009,”
Will His Hooliganship deign to sputter something in Denver about the RAT Board provisions of Porkulus?
Look it up, kids (“Recovery Accountability and Transparency Board”)… if you’re not appalled, read MORE.

Posted by: "Watch for Asteroids" | February 17, 2009, 1:05 pm 1:05 pm

curt: You have a good point. It is true that the fault for the housing crisis is widespread, but not equally spread. Some carry more than others. My current opinions are that Greenspan carries a heavier share since he should have known better and was in a position to help. And the Bush Administration, because they held the “buck stops here” position of power during the years that the enormity of the issue become obvious yet did nothing. The Congressional D’s and R’s have about an equal share in the blame (and about an equal share of banking bux in the campaign coffers… hmm…), although both are pretty naive bumblers compared to the private sector running circles around them.

Posted by: jhw539 | February 17, 2009, 1:07 pm 1:07 pm

mmover….if you haven’t already, read A Slobbering Love Affair: The True (And Pathetic) Story of the Torrid Romance Between Barack Obama and the Mainstream Media by Bernard Goldberg. It is choc full of examples where the mainstream media ignored or downplayed any story that was anything less than a glorification of Obama and the desparity between negative and positive stories put out by each news outlet.

Posted by: curt | February 17, 2009, 1:12 pm 1:12 pm

Both of these are facts. What are the facts suggesting that the economy was in bad shape when Bush took over?
——-
We were in recession when Bush took over.
But when we talk about *these problems* building over 8 years, are we talking only about the current recession and a housing bubble?
We didn’t have a recession for most of the past 8 years.
The housing bubble itself wouldn’t be a problem without the bad mortgages, but the bad mortgages aren’t the fault of Bush, nor did subprime lending start 8 years ago.
Finally, I’m trying to determine whether people consider everything that happened over the past 8 years to be Bush’s fault. Do you?

Posted by: MayBee | February 17, 2009, 1:12 pm 1:12 pm

President Jefferson Davis aka Barrack Obama should be tried for treason. This guy basically admits he scared the country into communism through his (and the media’s) propaganda machine. This guy has done more harm to the country in 4 weeks (with the government takeover bill aka stimulus) than Jimmy Carter, FDR, and Jefferson Davis combined. AT this point impeachement alone would be to light a sentence.

Posted by: johnny | February 17, 2009, 1:13 pm 1:13 pm

All of you libs need to stop blamming Bush for this. He didn’t create this financial mess on his own. This is so typical of you libs to blame others then when questioned not take your share of the blame. Obama owns this recession now with this pork filled bill. He scared the American people into believing we needed this. Of course now his tone has changed just like a little kid who will do whatever it takes to get what he wanted. Obama is going to take our great country into a socialist nightmare along with his croonies Pelosi and Reid!

Posted by: Nobama | February 17, 2009, 1:16 pm 1:16 pm

Kathryn So:You are presenting your unsupported opinion as fact. Have you read the CRA? It’s not that long a read and I find myself agreeing with the official Federal Reserve summary. If the CRA is the source of so much trouble, why were the MAJORITY of the garbage loans made by institutions not regulated by the CRA? Do you have ANY empirical evidence showing CRA loans are high risk (no one has found any and they have tried, only to show CRA loans are still considered pretty low risk assets)?
“Neither the CRA nor its implementing regulation gives specific criteria for rating the performance of depository institutions. Rather, the law indicates that the evaluation process should accommodate an institution’s individual circumstances. Nor does the law require institutions to make high-risk loans that jeopardize their safety.”

Posted by: jhw539 | February 17, 2009, 1:17 pm 1:17 pm

A final note on Obama’s new optimism. He has via this bill set up a permanent democrat patronage system. He has already, via presidential order, commanded that only union shops may apply for any infrastructure projects, or government contracts, not just those in this massive debt bill. He has allotted 4-6 BILLION dollars for ACORN and future democrat vote buying and fraud. He will give the UAW a pass on the promise to bring their benefits in line with other successful US auto companies, and the Unions will be happy to pay Obama back with ads and financial support for the next election. That will be followed by “card check” which will intimidate workers into signing on with a union as they must vote and sign , openly in front of a union rep. When did Americans find that a non-secret ballot is a good thing? I can tell you when it helps democrats win elections then that will be hunky dory.
When all this is done, and the unions have built their 20+ golf courses, as included in the debt bill, we will be asked to pay for all of this.
Therefore the american public will paying a very high premium tax rate to assure democrats remain in power.
This is an aberration and a nightmare for what is about to be the former US.
Oh yeah, if there were no less than 6 groups suing George Bush and claiming he wasn’t a citizen, and/or that he traveled with a passport claiming citizenship of another country, true or not, the media would claim that the seriousness of the charges merit and investigation and would beat the drum until all relevant, original documents were produced.
Why is it so hard for Obama to lay these questions to rest and simply produce the original documents? You would think it would be simple and certainly save himself, the DNC and the american economy a great deal of tax dollars as these multiple suits move through the courts.
SO YEAH, HE HAS REASON FOR OPTIMISM

Posted by: MMover | February 17, 2009, 1:17 pm 1:17 pm

HOPE = Clueless Promises, followed by Fearmongering, by Bullying, by Cry-babying, by “Changing tone” to optimism after getting his way.
— dial-a-hope hotline
We cats sell hope for free.

Posted by: two cats | February 17, 2009, 1:17 pm 1:17 pm

“What are the facts suggesting that the economy was in bad shape when Bush took over?”
One fact that nobody EVER mentions is that the “Clinton” organization’s (now fronted by His Holiness) supposed “balancing” of the budget was accomplished by slave-making “welfare reform” for the very poor, and the Estate Benefits Recovery Act for the slightly-less-poor. Not one Congress-person in a hundred, it seems, has figured this out YET.
No matter WHO their figure-head is, these people are smiley-face corporate fascists, who mean “the people” NO good.

Posted by: "Watch for Asteroids" | February 17, 2009, 1:18 pm 1:18 pm

Ok…Please explain to me how $13 a week will stimulate our economy? What is that going to buy? That is not even dinner for 2 at McDonalds unless you buy a double cheeseburger off the “value menu”. HECK that doesn’t even pay for my daughters school lunches for the week….I am sure that $13 is going to be put in a savings account so I can maybe afford a new outfit in 6 months!!!!!
========================================
And please explain how we can give how many billions of dollars to the banks and the auto industry and have no way for them to show where the money is? GM is buying people out with that money so what was suppose to save jobs just bought 1,000′s of jobs!!!!
========================================
Why didn’t they give the people that money so we could have caught up on our mortgages and put some money down on a car and have money to go shopping like we use to…MAYBE then the government wouldn’t be asking themselves ‘WHERE IS THE TRILLIONS OF DOLLARS WE JUST GAVE AWAY TO THESE BIG CORPORATIONS AND WHY IS OUR COUNTRY GOING DOWN THE TOILET?” and the corporations and banks are saying “THANK YOU FOR MY NEW $1,000 TRASH CAN FOR MY OFFICE AND MY TRIP TO CANCUN FOR “BUSINESS” (WINK)!”
Sick of being sick and tired is all..thanks for letting me vent my frustrations

Posted by: Davina | February 17, 2009, 1:19 pm 1:19 pm

The last 8 years included 2 years in which the Democrats controlled the house and the senate. What did they do?

Posted by: Monte | February 17, 2009, 1:20 pm 1:20 pm

“Clueless Promises, followed by Fearmongering, by Bullying, by Cry-babying, by “Changing tone” to optimism after getting his way.”
Stop the Drama: dump Obama.
Search “Recovery Accountability and Transparency Board” and read, read, read, kids.

Posted by: "Watch for Asteroids" | February 17, 2009, 1:21 pm 1:21 pm

MayBee:”Finally, I’m trying to determine whether people consider everything that happened over the past 8 years to be Bush’s fault. Do you?”
Everything? Of course not. But Bush was a singularly incompetent leader, the Republicans went to corrupt free-spending seed even faster than the democrats in the 80′s, and the Republicans own this mess.
And the housing bubble IS the mortgages mess. The markets don’t care about the stupid mortgages – the interest onlys given to dishwashers. That could be soaked up. They are terrified of the fact that, due to the unprecedented drop in home values, a much much larger number of home owners with perfectly normal mortgages are going to get into a situation where they owe $100k more than their house is worth. That terrifies the market – their mortgage assets have no collateral other than a black mark on a credit record.

Posted by: jhw539 | February 17, 2009, 1:23 pm 1:23 pm

Monte:”The last 8 years included 2 years in which the Democrats controlled the house and the senate. What did they do?”
They watched the Senate Republicans double the number of filibusters overnight to an unprecedented number in defense of the status quo. When necessary, Bush also stepped in with a veto to stop any child healthcare expansion or such that sneaked through. Has it been mentioned that Republican filibusters are now standard practice, hence the need for 60 votes on the stimulus – the Republicans were filibustering it, a fact so common I don’t know if the news even bothered to report it anymore.

Posted by: jhw539 | February 17, 2009, 1:26 pm 1:26 pm

“Please explain to me how $13 a week will stimulate our economy?”
It’s to remind you that the craven Congress passed this crappola on Friday the 13th.
If banks and other corporations had to go through the verifications and paperwork the poor will have to provide “under penalty of perjury” for those over-ballyhooed Food Stamps, there’d be NO “crisis”.
By May Day, the revolution should be well underway.

Posted by: "Watch for Asteroids" | February 17, 2009, 1:28 pm 1:28 pm

In the wake of our Greatest Smartest Clueless Leader Pb0 signing the $1T stimulation, he also has brought down the Stock Market to the lowest level:
Dow 7,568.85 -281.56 (-3.59%)
Nasdaq 1,473.67 -60.69(-3.96%)
S&P 791.76 -35.08 (-4.24%)
Perhaps, the Dow will realize that Socialism works tomorrow.

Posted by: Voodoo | February 17, 2009, 1:29 pm 1:29 pm

Obama sued Citibank under the Community Reinvestment Act to force them to make loans to those who didn’t qualify.
B­uy­cks-Rob­erson­ v­. Ci­t­i­b­an­k F­ed. Sav­. B­an­k F­ai­r Housi­n­g/L­en­di­n­g/I­n­suran­ce
Docket­ / Court­ 94 C 4094 ( N­.D. I­l­l­. ) F­H-I­L­-0011
St­at­e/T­erri­t­ory­ I­l­l­i­n­oi­s

Posted by: mad | February 17, 2009, 1:29 pm 1:29 pm

Barry is an actor playing a part.

Posted by: Michelle | February 17, 2009, 1:35 pm 1:35 pm

Obama owns this recession now with this pork filled bill. He scared the American people into believing we needed this. Of course now his tone has changed just like a little kid who will do whatever it takes to get what he wanted. Obama is going to take our great country into a socialist nightmare along with his croonies Pelosi and Reid!
Posted by: Nobama | Feb 17, 2009 1:16:57 PM
Last I heard we have been in a recession since the end of 2007. How does Obama own that?

Posted by: Jwench | February 17, 2009, 1:38 pm 1:38 pm

We were in recession when Bush took over.
************************************************
According to the National Bureau of Economic Research and the Economic Cycle Institute, the US sank into a recession in Dec. 2007.

Posted by: kathy | February 17, 2009, 1:39 pm 1:39 pm

It would be nice to see a change in his tone. His transition tone got me happy and eager for him to become President. Over the past three weeks, his tone has been annoying and perhaps even alarming. Now that the stimulus fight has passed, hopefully he can change his ways and be a bit more positive. I’m not saying he should give us any false hopes about the short run, but that doesn’t mean that nothing good is in store for our country. He also should not talk the economy down or say that the recession is “irreversible”. It’s only irreversible if you get bombed out World War II style and don’t clean up in the aftermath.

Posted by: Joe C | February 17, 2009, 1:41 pm 1:41 pm

jhw539..In other words, The Repubs were smart enough to realize that we can’t afford all this spending on Entitlement/Pork programs…Want a look at the future? Just look toward the western part of your country, my home state of Failafornia( land of Nancy Pelosi)…YEARS of Dem controlled Assembly and Senate equaled bloated budgets…The few Republicans in the Assembly have declared ENOUGH IS ENOUGH thus no balanced budget…CUT THE PORK..

Posted by: Parallax View | February 17, 2009, 1:46 pm 1:46 pm

“Obama is going to take our great country into a socialist nightmare along with his croonies Pelosi and Reid!”
NOT to worry: the “socialist” stuff is all for the very rich, along the lines of the beyond-bankrupted State of California falling all over itself to subsidize the uber-class grape-and-brew biz (Pelosi’s a player) with public funds.
Every national political horror tries out first in California.
(If you liked Porkulus, you’ll love “gay marriage”, in which the federales pay DOUBLE benefits to boy-boy couples, the better to provide medical benefits for uh you know … “Not”, as Seinfeld said, “that there’s anything WRONG with that”, except that women-and-children-first isn’t just good manners, but has an actual BIOLOGICAL basis. But I digress. Note, however, that His Holiness expresses more concern about “gay” matters than about impoverished women and children, who get a lot of Bill-Cosby-blabla about “marriage” and “responsibility”. In short, “the people” have been had: Obama’s the new front man for corporate class war on the poor.)

Posted by: "Watch for Asteroids" | February 17, 2009, 1:48 pm 1:48 pm

I have a question. If the Democratic Congress was elected in 2006 that means that they would not have taken office until Jan 2007, if I am not mistaken.Please correct me if I am wrong.
According to economists the recession started at the end of 2007. How are people blaming the democrats in Congress for the debacle saying they were in power for the last 2 years and did nothin. They would have been in power for about 11 mos.

Posted by: Jwench | February 17, 2009, 1:48 pm 1:48 pm

“One fact that nobody EVER mentions is that the “Clinton” organization’s (now fronted by His Holiness) supposed “balancing” of the budget was accomplished by slave-making “welfare reform” for the very poor, and the Estate Benefits Recovery Act for the slightly-less-poor. Not one Congress-person in a hundred, it seems, has figured this out YET.”
Actually the Clintons balanced the budget with massive military cuts in spending and the number of troops. It is the main reason we could not have an earlier troop surge in Iraq. We needed to build up the number of available troops.
Clinton made his presidency look good this way but ended up costing us much more in the long run in American lives and treasure with this foolish move.
But it was really all about him, just as with Obama.

Posted by: MMover | February 17, 2009, 1:50 pm 1:50 pm

We were in recession when Bush took over.
************************************************
According to the National Bureau of Economic Research and the Economic Cycle Institute, the US sank into a recession in Dec. 2007.
Posted by: kathy | Feb 17, 2009 1:39:36 PM
———
And, it’s the direct result of the first “economic stimulus” promoted by the, then, Candidate Barack 0bama (CBO). He ridiculed the correct solution by HRC to use that money to target mortgages and banks, for the purpose of getting your votes (an alternative interpretation is that he is clueless about economy – whichever option you prefer).

Posted by: Joe | February 17, 2009, 1:53 pm 1:53 pm

“Over the past three weeks, his tone has been annoying and perhaps even alarming.”
Nobody so … sedated … could be “alarming”, unless He sets Himself on fire next to a fireworks stand.

Posted by: "Watch for Asteroids" | February 17, 2009, 1:54 pm 1:54 pm

kathy:According to the National Bureau of Economic Research and the Economic Cycle Institute, the US sank into a recession in Dec. 2007.
========
That’s this recession. Bush took over in 2001.

Posted by: MayBee | February 17, 2009, 1:55 pm 1:55 pm

“One fact that nobody EVER mentions is that the “Clinton” organization’s (now fronted by His Holiness) supposed “balancing” of the budget was accomplished by slave-making “welfare reform” for the very poor, and the Estate Benefits Recovery Act for the slightly-less-poor. Not one Congress-person in a hundred, it seems, has figured this out YET.”
Actually the Clintons balanced the budget with massive military cuts in spending and the number of troops. It is the main reason we could not have an earlier troop surge in Iraq. We needed to build up the number of available troops.
Clinton made his presidency look good this way but ended up costing us much more in the long run in American lives and treasure with this foolish move.
But it was really all about him, just as with Obama.
Posted by: MMover | Feb 17, 2009 1:50:17 PM
What you are saying is it Clinton’s fault. This has been building up for years. Yes some of the stuff Clinton did was to blame for it, but Bush also had a hand it as well. Probably Reagan and Bush 1 policies as well. It’s not the fault of ONE person. How you people expect Obama to fix years of things in 3 weeks is beyond me.

Posted by: Jwench | February 17, 2009, 1:55 pm 1:55 pm

“According to economists the recession started at the end of 2007. How are people blaming the democrats in Congress for the debacle saying they were in power for the last 2 years and did nothin. They would have been in power for about 11 mos.”
The democrats always had some control as there was no filibuster proof number of republicans in congress. The dems were able to thwart 11 attempts by George Bush to reform fannie/freddie. There are videos online of Barney Frank and other dem congressman yelling at the fannie/freddie regulator for being the bearer of bad news, while at the same time claiming that the regulator was falsely reporting bad news at these agencies. Rep. Meeks (dem) in the video actually yells at this regulator, and I am quoting “i am so pissed at you for being here”
The New York Times also helped by telling us all how the dems were able to thwart those rascally racist republicans who simply don’t want minority folks to own homes.
Barney Frank and Chris Dodds both received massive donations and discounted loan rates for themselves during this time. Dodd is undergoing a federal investigation, but I have no doubt it will be quashed much as the one on Charlie Rangel was.

Posted by: MMover | February 17, 2009, 1:56 pm 1:56 pm

It’s unlikely given the content of this bill, there will be a “a new belief in government” again.
And I for one will never forgive this president for his fear mongering to pass a bill that will forever change the fabric of our nation.
We don’t go from doom to prosperity with a trillion dollars of democrat pork. The man should be ashamed of himself.

Posted by: Plumber | February 17, 2009, 1:59 pm 1:59 pm

And the housing bubble IS the mortgages mess. The markets don’t care about the stupid mortgages – the interest onlys given to dishwashers.
=======
Your position is the subprime mortgages and bad mortgages didn’t play a major role in both the bubble and the bursting thereof?
It’s far afield from the topic of jpt’s post, anyway.
My point remains that saying “8 years! 8 years!” as any kind of argument is just goofy.

Posted by: MayBee | February 17, 2009, 2:02 pm 2:02 pm

The historian Jake used, Douglas Brinkley, obviously has nothing kind to say towards Obama. It’s understandable since Brinkley recently heralded Ronald Reagan as one of the top five presidents. Never mind the Iran Contra scandal, his lauded tax cuts that benefitted mostly the wealthy, or the national debt that was incurred over eight years. Could it be there’s a bit of partisan bias with Brinkley and Jake’s choice of a historian?

Posted by: kathy | February 17, 2009, 2:03 pm 2:03 pm

Link to video of congressional hearings on the health of fannie/freddie. Dems are exposed in their advocacy for fannie/freddie and their gross obstruction and neglect that led to the housing crisis.

Posted by: MMover | February 17, 2009, 2:04 pm 2:04 pm

I attempted to post the link to the video of the fannie/freddie hearings and it was “withheld” as possible spam. Hopefully the post will be reviewed and OK’d for publication by the sites author.

Posted by: MMover | February 17, 2009, 2:06 pm 2:06 pm

Brinkley was John Kerry’s chosen biographer.

Posted by: MayBee | February 17, 2009, 2:07 pm 2:07 pm

That’s this recession. Bush took over in 2001.
*********************************************
Maybee- Yes, that’s this recession, which occurred while Bush was in office.

Posted by: kathy | February 17, 2009, 2:08 pm 2:08 pm

“This has been building up for years. Yes some of the stuff Clinton did was to blame for it, but Bush also had a hand it as well. Probably Reagan and Bush 1 policies as well.”
Certainly all of them were grim — and “Reagan” (a MUCH better figurehead for the corporate right than Obama is, having been both a hack actor AND a Democratic turncoat before becoming a “Republican” president), and all of them pursued ridiculous imperial military adventures.
The point is that Obama isn’t even TRYING to “fix” anything, except for the corporations and the very rich … take a look at His cabinet, if in any doubt about this.
When the “urban” masses figure it all out, there’s gonna be Hell to pay.

Posted by: "Watch for Asteroids" | February 17, 2009, 2:09 pm 2:09 pm

This is yet another Democratic debacle in the making:
A tentative plan to overhaul Massachusetts’ transportation system by using GPS chips to charge motorists a quarter-cent for every mile behind the wheel has angered some drivers. “It’s outrageous, it’s kind of Orwellian, Big Brotherish,” said Sen. Scott Brown, R-Wrentham, who drafted legislation last week to prohibit the practice.

Posted by: Peach | February 17, 2009, 2:13 pm 2:13 pm

Brinkley was John Kerry’s chosen biographer.
**********************************************
Much to Kerry’s chagrin. The Swift Boaters used the book to help launch their attacks on his Nam service.

Posted by: kathy | February 17, 2009, 2:15 pm 2:15 pm

The point is that Obama isn’t even TRYING to “fix” anything, except for the corporations and the very rich … take a look at His cabinet, if in any doubt about this.
When the “urban” masses figure it all out, there’s gonna be Hell to pay.
Posted by: “Watch for Asteroids” | Feb 17, 2009 2:09:05 PM
Ok genius. What’s your solution?

Posted by: Jwench | February 17, 2009, 2:15 pm 2:15 pm

That’s this recession. Bush took over in 2001.
*********************************************
Maybee- Yes, that’s this recession, which occurred while Bush was in office.

Posted by: MayBee | February 17, 2009, 2:17 pm 2:17 pm

“A tentative plan to overhaul Massachusetts’ transportation system by using GPS chips to charge motorists a quarter-cent for every mile behind the wheel has angered some drivers. “It’s outrageous, it’s kind of Orwellian, Big Brotherish,” said Sen. Scott Brown, R-Wrentham, who drafted legislation last week to prohibit the practice.”
Probably time to reflect on the mob-friendly Massachusetts Governor, the Axelrod prototype for the Kerry-backed and mob-friendly “Obama” … and on how to dethrone ALL of them.

Posted by: "Watch for Asteroids" | February 17, 2009, 2:22 pm 2:22 pm

“Ok genius. What’s your solution?”
What?! Nobody without a six-figure salary, driver, White House office and all that is being pressed for “solution”s?
Some Black Panther opined that “The only solution is revolution” — which does appear, with the Clinton-”Obama” sell-out of the poor, to be Just Around the Corner.
Were I the Executive, I would bring Dr. Dean and John Edwards to DC, then … IMMEDIATELY declare National Health and a guaranteed income, and send remedial-medical-care units to ALL who ask for ‘em, along with nationalizing MOST of the corporations, cancelling credit-card debt (AND corporate credit cards), standing down in Iraq, Afghanistan, AND Pakistan.
And a few other things having to do with accessible nutrition, limiting vehicular traffic and freeway speeds, usury, energy, regulation of political party activities, and so on.
It’d be pretty much a Single-Payer state: post-Enron, it’s pretty clear “the people” are owed … all of it.

Posted by: "Watch for Asteroids" | February 17, 2009, 2:43 pm 2:43 pm

True. Why did you quote my post about Bush inheriting a recession in your post about this recession?
****************************************
Bush had an eight month recession beginning around March of 2001, and it was nothing comparable to the one under his watch, which has burgeoned out of control.

Posted by: kathy | February 17, 2009, 2:43 pm 2:43 pm

kathy- another commenter said Bush inherited an economy in good shape. I was simply refuting that.
I don’t know why you are trying to make some sort of comparison. Nobody is arguing this is not a bad recession.

Posted by: MayBee | February 17, 2009, 2:49 pm 2:49 pm

“Dems are exposed in their advocacy for fannie/freddie and their gross obstruction and neglect that led to the housing crisis.”
This is by far the most popular right-wing myth that they maintain to try and shift blame from the Bush administration.
Yes the Democrats supported structuring mortages so that lower income could afford their own homes but it is ridiculous to say that they obstructed anything when the Republicans held the House and the White House. It was the Republicans that conveniently neglected to actually do anything about it.

Posted by: Skip | February 17, 2009, 2:52 pm 2:52 pm

Oh God: Biden’s interminable remarks have begun in Denver.
Abandon Hope …

Posted by: Human Intelligence | February 17, 2009, 2:52 pm 2:52 pm

Posted by: “Watch for Asteroids” | Feb 17, 2009 2:43:38 PM
You brought up revolution. Obama has been in office for 3 weeks, GWB was in office for 8 long depressing years. Where was the talk about a revolution when this man was destroying the country with his unjust wars, lying, secrecy, wiretapping, etc. Obama hasn’t done any of that.
BTW I am not sure I get your economic plan. We might be owed some of those things after the amount of money we pay in taxes, etc, but chances of most of that happening is next to none.

Posted by: Jwench | February 17, 2009, 2:53 pm 2:53 pm

7th Paragraph should be Obama not obama…
you are just about as good at typing as you are at hiding your bias tapper.

Posted by: FNL | February 17, 2009, 2:57 pm 2:57 pm

“A man’s admiration for absolute government is proportionate to the contempt he feels for those around him.” –deTocqueville
I hear a lot of contempt coming out of the supposedly hopeful and eloquent President Obama.

Posted by: HappyDays | February 17, 2009, 3:00 pm 3:00 pm

“We might be owed some of those things after the amount of money we pay in taxes, etc, but chances of most of that happening is next to none.”
The consent of the governed is sadly lacking in a corporate media-state subjected to the hokum of Joe Biden.
What would you say the “chances” were that two nuclear submarines would manage to collide? :^)
During the Bush coup — now continuing under the “Obama” organization — it was marginally reasonable to dare to hope that the now-former-Democratic Party would return to democracy, FDR, and all that.
Instead, they’ve gone for happy-face facism, corporate largesse courtesy of “the people”, and the delivery of bliss-ninny baloney that wouldn’t reassure an attentive seven-year-old.

Posted by: "Watch for Asteroids" | February 17, 2009, 3:05 pm 3:05 pm

“I hear a lot of contempt coming out of the supposedly hopeful and eloquent President Obama.”
I hear fifteen minutes of politicians “thanking” each other in Denver, and demanding that the crowd squeal and applaud for the television cameras.
“Give them a big round of applause” decrees The Puppet, returning to the scene of His electoral crime.

Posted by: "Watch for Asteroids" | February 17, 2009, 3:08 pm 3:08 pm

This is by far the most popular right-wing myth that they maintain to try and shift blame from the Bush administration.
Yes the Democrats supported structuring mortages so that lower income could afford their own homes but it is ridiculous to say that they obstructed anything when the Republicans held the House and the White House. It was the Republicans that conveniently neglected to actually do anything about it.

Posted by: MMover | February 17, 2009, 3:08 pm 3:08 pm

“Historians say…” and then he quotes one historian.
Nice journalism Tapper. Thank god you guys are better than the bloggers.

Posted by: anon | February 17, 2009, 3:12 pm 3:12 pm

jpt writes:
“While typing this on my blackberry as the plane landed here in Denver … ”
For heaven’s sake, DON’T breathe the happy gas.

Posted by: Human Intelligence | February 17, 2009, 3:15 pm 3:15 pm

“Probably time to reflect on the mob-friendly Massachusetts Governor, the Axelrod prototype for the Kerry-backed and mob-friendly “Obama” … and on how to dethrone ALL of them.”
Oh Deval Patrick is well on the way to dethroning himself.
Maybe he will could be Commerce Secretary.
Most likely he will go down as the worst governor in MA history, and with Dukakis in the books, that is a hard standard-bearer to beat.

Posted by: Plumber | February 17, 2009, 3:18 pm 3:18 pm

MMover – ABC doesn’t usually allow any links and they almost always remove post that have them, especially Tappers. FYI

Posted by: Paige | February 17, 2009, 3:21 pm 3:21 pm

“the Democrats supported structuring mortages so that lower income could afford their own homes”
Nononono: not only were bogus mortgages NOT designed to benefit the “lower income” marks who were essentially forced into them on pain of homelessness, but signing up some unsophisticated poor person to pay part of the usurious interest on such a mortgage doesn’t mean either that such a fleeced individual (who will, when he/she defaults, NEVER get “credit” again) could “afford” the mortgage, OR that he/she “owns” ANYthing.
The immense ghastliness of the houses so moved is a separate subject which deserves discussion, along with the fact that nobody actually LIVES in most of these houses, but merely sleep there between scurrying to a car and to some probably-pointless “job” as a cog in the enrich-the-rich machine.

Posted by: Human Intelligence | February 17, 2009, 3:24 pm 3:24 pm

Two questions to ask Obama and Gibbs and any other person in the Obama administration (Be sure toask it every day the stock market drops):
How much has the stock market gone down since Obama was elected President?
How much less money do Americans now have because the stock market has dropped so much since Obama was elected President?

Posted by: Sally J. | February 17, 2009, 3:30 pm 3:30 pm

‘Happy Days are Here Again…’
‘ Pie, Pie in the sky, When you die… ‘
I’m ready to get a jalopy and head in the direction of California, maybe I could pick grapes there….

Posted by: DontGet818OnMeNow | February 17, 2009, 3:31 pm 3:31 pm

Glad to see you noticed it Tapper. Btw I am aware I am a complete hypocrite for pointing out others typos..and I have a full state issued keyboard.

Posted by: Fox News Light | February 17, 2009, 3:32 pm 3:32 pm

The stock market has dropped about 2,000 points since Obama was elected.
From 9600 to 7600 – a drop of over 20%.

Posted by: Will Stanton | February 17, 2009, 3:37 pm 3:37 pm

“I’m ready to get a jalopy and head in the direction of California, maybe I could pick grapes there….”
Only if you’re Latino AND connected/vetted.

Posted by: Pastures of Plenty | February 17, 2009, 3:43 pm 3:43 pm

Obama got his Pork Pie!….Now its time for Mr Obama’s Neighborhood!!!!
So now welcome to my neighborhood…
Don’t you want to be…..My Neighbor?
Time to put on our sweaters & our happy faces!
Here comes Trolley, He runs on Solar Power now!

Posted by: Mike_C | February 17, 2009, 3:52 pm 3:52 pm

The stock market has dropped about 2,000 points since Obama was elected.
From 9600 to 7600 – a drop of over 20%.
**********************************************
Do you think the global financial meltdown has something to do with it, along with a recession threatening to plummet into a depression? Sorry to be depressing, but Obama doesn’t have an omniscient control over the stock market going up or down. Especially after just 3 weeks. Don’t try to apply pharo-onics to economics.

Posted by: kathy | February 17, 2009, 3:57 pm 3:57 pm

That’s a kind of a lousy cartoon caricature, Jake.

Posted by: kathy | February 17, 2009, 4:00 pm 4:00 pm

“…and to some probably-pointless “job” as a cog in the enrich-the-rich machine” -HI
Unless one is volunteering for something completely frivolous I would be curious to hear how any job is pointless.

Posted by: Skip | February 17, 2009, 4:05 pm 4:05 pm

Why the big ears on Obama? He’s not Ross Perot.

Posted by: kathy | February 17, 2009, 4:11 pm 4:11 pm

i do not trust Obama to fix the housing situation (his next agenda) his party is mainly responsible for the housing collapse.
go online and look up NYT article written by Stephan Labaton, sept 11, 2003.
just a part of what the article says.
“Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.”

Posted by: jaj | February 17, 2009, 4:24 pm 4:24 pm

Back in 2005 or so, when the Fannie and Freddie problem was brought up by President Bush and the Republicans, we were immediately flooded by TV ads against regulation of F&F. Remember the ads with a little girl carrying a teddy bear being led by her mother out of their (foreclosed?) home, and the voice instructing the lemmings to ‘call your Congressman and tell him to keep their hands off of our affordable housing’, or something like that?

Posted by: nostimulus | February 17, 2009, 4:25 pm 4:25 pm

“Obama is a Marxist-Socialist”
Noooo He isn’t: he’s an elite-right corporatist (i.e., fascist) whose celebrity enablers have tried to sell him to the poor and near-poor AS something of a socialist, BUT … the only supposed “socialism” in Obama’s background was hahaha the Chicago “leadership” of the Weathermen, who were corporate rich kids whose explosive antics DEstabilized the social movements of the 60s and 70s.
If The Puppet were a “socialist”, His first act would have been National Health, not bailing out the banks so they can KEEP victimizing the poor and near-poor.

Posted by: Human Intelligence | February 17, 2009, 4:25 pm 4:25 pm

Perhaps Human Intelligence would like for a tail and horns along with a goatee to be added to Obama’s caricature.

Posted by: kathy | February 17, 2009, 4:47 pm 4:47 pm

Since Freddie and Frannie are a perpetual subject on these posts I will pose the question: If these companies were in such trouble back in 2003 then why are they still here? What saved them?

Posted by: Skip | February 17, 2009, 5:09 pm 5:09 pm

Jake, GREAT image of BHO BUT, you forgot the REALLY BIG TEETH that everyone falls for as genuine smile–right. His tone set a NICE EFFECT on the market…I’m from Los Angeles-a very misguided state and getting worse. BHO sounded like he was talking all our rediculous talking points. Here’s the thing, we’re in a melting pot hell hole. If he believes in gearing up a US after a Pelosi state, this country is DOOMED! His tone is not going to change the words coming out of his mouth and those words are trouble for this free couny! The market works looking at the future and YES, I KNOW, Gibbs and ALL the BHO zombies will say that’s NOT a good scale to go by. Actually, for confidence in the money market, it’s a very good scale and we’ve seen that since this man opened his mouth about the economy, it’s been pretty bearish. The lowest in nearly 10 yrs! People, if anyone besides the ACORN people these pollsters keep polling were asked about this president, it would be a joke! The latest on Geithner is that he was uncertain of his plan before he was to present it to the committee and so he scrapped it 3 days prior to his news conference. This is the man we had to have because he was ALL that and indispensable to the point ignore his crime of not having paid his taxes repeatedly! No wonder all those Demo’s are all for hiking up yours and my taxes–they repeatdly NEVER pay! I’ll bet Pelosi and Reed have those issues in their closets! Wait Pelosi and her husband who’s on her payroll! UNREAL! Just wake me up when this world opens their eyes!JAKE, I put this on your shoulders to get some REAL truth out there! BTW, who’s surprised by Burris’s admission today of being a perjuring lier! Obamazombies, wakeie, wakeie!

Posted by: Truthsayer | February 17, 2009, 5:24 pm 5:24 pm

He ought to have signed it in California, to make fun of the Republicans who brought down the state, and the ineffectual governor there.

Posted by: Flash Override | February 17, 2009, 5:31 pm 5:31 pm

.I’m from Los Angeles-a very misguided state and getting worse . . .
****************************************************
And I see the situation is blamed on the Speaker of the House, instead of the more direct influence of Arnold, The Terminator.

Posted by: kathy | February 17, 2009, 5:53 pm 5:53 pm

‘It’s an optimistic location — he’ll talk about new green jobs — for legislation he has said is necessary to avoid a “national catastrophe.” ‘
And he burned 20,000 gallons of fuel to do what he could have done in DC.
“A new era of responsibility”
LMAO

Posted by: drjohn | February 17, 2009, 6:49 pm 6:49 pm

I’m sorry, did I blame Pelosi for California? Are we REALLY calling The Terminator a Republican, if so, perhaps you could define it for him…we KNOW he doesn’t wear the pants in his family nor can he handle his lack of popularity in a VERY DEMOCRATIC STATE. I’ll SAY IT AGAIN–They’re ALL messed up!

Posted by: truthsayer | February 17, 2009, 7:04 pm 7:04 pm

Obama is trying to dig us out of the ditch Bush dropped us in and all I read is juvenile criticism.
He’s done nothing wrong- just trying to untangle the web of ignorance, arrogance, theft and deceit ushered in by the Bush debacle of a presidency and all you Repulsive Republicans can do is rally for defeat.
The state of the economy isn’t the low point of our nation, its your exaggerated belief that you are smarter than the man that is in charge. You are smarter than Bush– but not Obama. CHANGE WE CAN BELIEVE IN.
Since he is not worthy of your support, why don’t you inform our employers to not forward those extra dollars to your paycheck starting in June as a sign of putting your money where your mouth is protest…HATERS

Posted by: clarity | February 18, 2009, 2:03 am 2:03 am

California is in dire straits because of the democratic control of prior liberal governors such as Grey Davis (D)whom we recalled after he had entered into pacts with the state correctional officers union and other state unions giving them huge pay hikes and benefits in return for a $250,000 campaign contribution two weeks later. Davis should have been locked up instead of recalled. Now they are trying to blame it on Arnold and the Republicans. We are stuck with too many depending on government handouts in this state including millions of illegals and like the federal gov. going down the tubes because of liberal policies.

Posted by: Ron Powell | February 18, 2009, 8:38 am 8:38 am

This is what I want to know Mr. Tapper. When is the dam going to break with those who used to be journalists. You are a lone reporter among cheerleaders.
As was stated, the Dow down 2000 is down 2000 since the election. (someone should investigate who is profitting from the bad market) Obama is constantly bemoaning the economy and wailing that only government can save us. When will he be called on this?
In the 80s recession, Reagan went to great pains to lift the people’s spirits and encourage enterprise among us. We should all listen to those old speeeches for encouragement. This president is hell- bent on cratering this economy so we cannot resist his Socialist plans.
oh, Human interest, he DID go to National Health Care first. There is a new dept of nat’l health in the Stimulus bill to monitor and guide your private physician in your treatment or deny it altogether.
Funny he didn’t mention that one huh?

Posted by: rednorth | February 18, 2009, 10:14 pm 10:14 pm

Leave a Reply

Do you have more information about this topic? If so, please click here to contact the editors of ABC News.